Hopeful Solution
- Assets
- $141.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 02/2006
- Data as of
- 12/2023
- EIN
- 51-0556312
Organization Overview
Hopeful Solution is located in Dallas, TX. The organization was established in 2006. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopeful Solution 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 12/2023, Hopeful Solution generated $69.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $120.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalynne Walton Executive Dir. | 40 | $50,000 | |
Sidney Burkins Board President | 2 | $0 | |
Gregory Kissentaner Board Treasurer | 2 | $0 | |
Matthew Meredith Board Member | 2 | $0 | |
Sean Williams Board Member | 2 | $0 | |
Aura Vasquez Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,507 |
| Total Program Service Revenue | $240 |
| Membership dues | $0 |
| Investment income | $524 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,495 |
| Other Revenue | $0 |
| Total Revenue | $69,766 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $50,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $70,743 |
| Total expenses | $120,743 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $140,982 |
| Other assets | $0 |
| Total assets | $140,982 |
| Total liabilities | $289,260 |
| Net assets or fund balances | -$148,278 |