Center Of Hope Inc
- Assets
- $4.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Wichita, KS
- Founding
- 09/1955
- Data as of
- 07/2023
- 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 07/2023, 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 07/2023, Center Of Hope Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $2.1m during the year ending 07/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOMELESS PREVENTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
A TOTAL OF 3,047 HOUSEHOLDS, 7,704 PERSONS WERE ASSISTED TO PREVENT HOMELESSNESS WITH RENT AND UTILITY ASSISTANCE. IN ADDITION 2,088 HOUSEHOLDS WERE ASSISTED WITH UTILITY ASSISTANCE THROUGHT THE PROJECT DESERVE PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Dinkel Executive Director | OfficerTrustee | 55 | $79,285 |
Sandi Baalman Director | Trustee | $0 | |
Kathy Kehr Director | Trustee | $0 | |
Sr Angela Laquet Director | Trustee | $0 | |
Angela Mccoy Director | Trustee | $0 | |
Tom Mcgrath Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $78,876 |
| Related organizations | $0 |
| Government grants | $280,836 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,355,663 |
| Noncash contributions included in lines 1a–1f | $5,297 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,715,375 |
| Total Program Service Revenue | $0 |
| Investment income | $85,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,800,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,955 |
| Grants and other assistance to domestic individuals. | $1,765,810 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,405 |
| Compensation of current officers, directors, key employees. | $8,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,629 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,340 |
| Payroll taxes | $11,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,282 |
| Office expenses | $14,015 |
| Information technology | $1,344 |
| Royalties | $0 |
| Occupancy | $6,513 |
| 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 | $13,638 |
| Insurance | $4,891 |
| All other expenses | $0 |
| Total functional expenses | $2,053,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $565,095 |
| Savings and temporary cash investments | $9,809 |
| Pledges and grants receivable | $158,877 |
| 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 | $316,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,999,560 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,050,146 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,256,520 |
| Net assets with donor restrictions | $2,793,626 |
| 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 | $4,050,146 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choctaw Home Finance Corporation Hugo, OK | $42,218,699 | $3,821,789 |
Chwc Inc Kansas City, KS | $14,607,661 | $2,915,713 |
Center Of Hope Inc Wichita, KS | $4,050,146 | $1,800,951 |
Homesfund Durango, CO | $17,114,956 | $1,998,807 |
Osage Financial Resources Inc An Oklahoma Non Profit Corporation Pawhuska, OK | $3,729,826 | $163,785 |
Cof Independent Living Inc Ottawa, KS | $1,038,527 | $567,314 |
Sense Of Security Inc Denver, CO | $256,320 | $207,995 |
Community For Christ Outreach Center Inc Sunrise Beach, MO | $265,086 | $0 |
Leaderone Lending A Hand Foundation Overland Park, KS | $83,816 | $0 |
Realtors Housing Assistance Fund Of Real Estate Board Of Met St Louis St Louis, MO | $7,198 | $0 |
Oklahoma Housing Foundation Oklahoma City, OK | $210,938 | $0 |
Lowry Community Land Trust Denver, CO | $0 | $315 |