Center Of Hope Inc
- Assets
- $4.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Wichita, KS
- Founding
- 09/1955
- Data as of
- 07/2022
- EIN
- 48-0578624
Organization Overview
Center Of Hope Inc is located in Wichita, KS. The organization was established in 1955. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 07/2022, Center Of Hope Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center Of Hope Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2022, Center Of Hope Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $2.5m during the year ending 07/2022. While expenses have increased by 8.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOMELESS PREVENTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
A TOTAL OF 3,799 FAMILES, 9,162 PERSONS WERE ASSISTED TO PREVENT HOMELESSNESS WITH RENT AND UTILITY ASSISTANCE. IN ADDITION 1,310 HOUSEHOLDS WERE ASSISTED WITH UTILITY ASSISTANCE THROUGH THE PROJECT DESERVE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Dinkel Executive Director | OfficerTrustee | 55 | $79,210 |
Sr Angela Laquet Director | Trustee | $0 | |
Tom Mcgrath Director | Trustee | $0 | |
Robin Needham Director | Trustee | $0 | |
Mary Ann Rabe Director | Trustee | $0 | |
Sr Janet Rowley Asc Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $95,669 |
| Related organizations | $0 |
| Government grants | $245,095 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,536,800 |
| Noncash contributions included in lines 1a–1f | $1,349 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,877,564 |
| Total Program Service Revenue | $0 |
| Investment income | $179,679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,532 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,083,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,178,026 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,210 |
| Compensation of current officers, directors, key employees. | $7,921 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,357 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,808 |
| Payroll taxes | $10,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,270 |
| Office expenses | $15,481 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,450 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,735 |
| Insurance | $7,338 |
| All other expenses | $7,903 |
| Total functional expenses | $2,475,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,101,323 |
| Savings and temporary cash investments | $5,155 |
| Pledges and grants receivable | $4,900 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $330,443 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,781,014 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,222,835 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $59,159 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $59,159 |
| Net assets without donor restrictions | $1,374,700 |
| Net assets with donor restrictions | $2,788,976 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,222,835 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Center Of Hope Inc has recieved totaling $1,484,608.
| Awarding Organization | Amount |
|---|---|
United Way Of The Plains Wichita, KS PURPOSE: GRANT AWARDS AND DESIGNATIONS | $798,086 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $504,800 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $112,722 |
Vess Family Foundation Wichita, KS PURPOSE: UNRESTRICTED GENERAL FUND | $30,000 |
Good Neighbor Fund Inc Wichita, KS PURPOSE: PROVIDE EMERGENCY ASSISTANCE TO SPIRIT EMPLOYEES AND THE ADMINISTRATIVE COSTS FOR PROVIDING THE SERVICE | $30,000 |
Charles & Matilda Weeks Foundation Wichita, KS PURPOSE: BENEFIT CHARITIES OF S CENTRAL KS | $4,000 |
Endowment Analysis
| Beg. Balance | $3,150,912 |
| Earnings | -$231,976 |
| Admin Expense | $6,917 |
| Net Contributions | $2,150 |
| Other Expense | $128,000 |
| Ending Balance | $2,786,169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choctaw Home Finance Corporation Hugo, OK | $41,603,896 | $2,950,150 |
Center Of Hope Inc Wichita, KS | $4,222,835 | $2,083,775 |
Chwc Inc Kansas City, KS | $3,102,238 | $1,323,048 |
Homesfund Durango, CO | $12,692,092 | $1,385,427 |
Cof Independent Living Inc Ottawa, KS | $1,106,037 | $467,599 |
Osage Financial Resources Inc An Oklahoma Non Profit Corporation Pawhuska, OK | $4,289,875 | $172,546 |
Sense Of Security Inc Denver, CO | $269,275 | $148,497 |
Leaderone Lending A Hand Foundation Overland Park, KS | $157,899 | $0 |
Community For Christ Outreach Center Inc Sunrise Beach, MO | $265,755 | $0 |
Realtors Housing Assistance Fund Of Real Estate Board Of Met St Louis St Louis, MO | $12,414 | $0 |
Lowry Community Land Trust Denver, CO | $0 | $315 |
Oklahoma Housing Foundation Oklahoma City, OK | $251,504 | $0 |