Loisanns Hope House
- Assets
- $2.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 22
- Location
- Fredericksburg, VA
- Founding
- 11/1985
- Data as of
- 06/2024
- EIN
- 52-1419314
Organization Overview
Loisanns Hope House is located in Fredericksburg, VA. The organization was established in 1985. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 06/2024, Loisanns Hope House employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loisanns Hope House 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 06/2024, Loisanns Hope House generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.4m during the year ending 06/2024. While expenses have increased by 7.6% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FAMILY SHELTER AND PREVENTION ASSISTANCE TO BREAK THE CYCLE OF HOMELESSNESS AND SUPPORT LONG-TERM INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SHELTER, GRANTS, MEALS, PERSONAL ITEMS, LAUNDRY FACILITIES, TRANSPORTATION, BASIC BUDGET CONSULTING, AND CASE MANAGEMENT TO WOMEN AND CHILDREN, INCLUDING AFTERCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caitlyn Woodward Executive Di | Officer | 40 | $80,000 |
Jake Adams Director | Trustee | 1 | $0 |
Heather Cohen Vice Chairpe | OfficerTrustee | 2 | $0 |
David Cropper Director | Trustee | 1 | $0 |
Adam Fried Director | Trustee | 1 | $0 |
Crystal Harmon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $626,364 |
| All other contributions, gifts, grants, and similar amounts not included above | $723,683 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,350,047 |
| Total Program Service Revenue | $0 |
| Investment income | $999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,088 |
| Net Income from Fundraising Events | $80,379 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,423,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $364,876 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation of current officers, directors, key employees. | $7,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $564,579 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,657 |
| Payroll taxes | $50,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,763 |
| Advertising and promotion | $7,654 |
| Office expenses | $8,608 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,248 |
| 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 | $51,722 |
| Insurance | $9,425 |
| All other expenses | $0 |
| Total functional expenses | $1,353,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $552,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $873,476 |
| 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 | $8,822 |
| Net Land, buildings, and equipment | $583,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,441 |
| Total assets | $2,022,956 |
| Accounts payable and accrued expenses | $61,791 |
| 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 | $4,574 |
| Total liabilities | $66,365 |
| Net assets without donor restrictions | $1,072,718 |
| Net assets with donor restrictions | $883,873 |
| 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 | $2,022,956 |