Hopeful Solution
- Assets
- $268.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 02/2006
- Data as of
- 12/2021
- 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 12/2021, Hopeful Solution generated $72.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $107.2k during the year ending 12/2021. 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 Director | 40 | $60,000 | |
Sidney Burkins Board President | 2 | $0 | |
Denise Bryson Board Member | 2 | $0 | |
Gregory Kissentaner Board Treasurer | 2 | $0 | |
Matt Meredith Board Member | 2 | $0 | |
Thomas Mcghee Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,685 |
| Total Program Service Revenue | $2,273 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $90 |
| Total Revenue | $72,048 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $60,000 |
| Professional fees and other payments to independent contractors | $3,482 |
| Occupancy, rent, utilities, and maintenance | $10,031 |
| Printing, publications, postage, and shipping | $180 |
| Other expenses | $22,123 |
| Total expenses | $107,180 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $266,830 |
| Other assets | $0 |
| Total assets | $268,530 |
| Total liabilities | $282,228 |
| Net assets or fund balances | -$13,698 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hopeful Solution has recieved totaling $5,440.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,126 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $314 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Haven For Hope Of Bexar County San Antonio, TX | $88,179,557 | $28,550,181 |
Star Of Hope Mission Houston, TX | $82,904,713 | $27,561,115 |
Presbyterian Night Shelter Of Tarrant County Fort Worth, TX | $53,230,417 | $14,049,509 |
Heading Home Albuquerque, NM | $3,839,726 | $7,660,261 |
Family Gateway Inc Dallas, TX | $4,760,688 | $5,756,628 |
Promise House Inc Dallas, TX | $2,582,966 | $6,657,110 |
Tulsa Day Center Inc Tulsa, OK | $24,852,290 | $5,725,304 |
Homeless Alliance Oklahoma City, OK | $7,046,027 | $5,204,713 |
The Arlington Life Shelter Arlington, TX | $13,090,653 | $3,657,043 |
Dallas Mission For Life Inc Dallas, TX | $12,842,578 | $4,044,639 |
Housing Crisis Center Inc Dallas, TX | $949,775 | $3,183,683 |
Ozanam Inn New Orleans, LA | $7,390,510 | $3,165,767 |