Living Hope Incorporated
- Assets
- $6.0m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 143
- Location
- New Carronton, MD
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 52-2349599
Organization Overview
Living Hope Incorporated is located in New Carronton, MD. The organization was established in 2002. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Living Hope Incorporated employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Hope Incorporated 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 12/2022, Living Hope Incorporated generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $5.6m during the year ending 12/2022. While expenses have increased by 6.9% per year over the past 8 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
HOME LIVING ASSISTANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS ABLE TO PROVIDE A COMMUNITY RESIDENTIAL SERVICES TO ADULTS WITH DEVELOPEMNTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adebayo Adewuyi President | Officer | 40 | $121,814 |
Olufunmilayo Adewuyi Prog Dir | Officer | 40 | $105,496 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,345,576 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,345,576 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $6,345,576 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $283,848 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,304,859 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,215 |
| Payroll taxes | $274,270 |
| Fees for services: Management | $482,320 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $361 |
| Office expenses | $31,241 |
| Information technology | $9,587 |
| Royalties | $0 |
| Occupancy | $236,456 |
| Travel | $2,500 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,619,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,760,168 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $871,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,393,034 |
| Other assets | $0 |
| Total assets | $6,024,611 |
| Accounts payable and accrued expenses | $864,916 |
| 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 | $864,916 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $5,159,695 |
| Total liabilities and net assets/fund balances | $6,024,611 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Living Hope Incorporated has recieved totaling $227,488.
| Awarding Organization | Amount |
|---|---|
Resource Connections Incorporated Lanham, MD PURPOSE: DIRECT SUPPORT WAGE SUPPLEMENT | $227,488 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arc Of Southern Maryland Prince Frederick, MD | $20,252,712 | $23,758,996 |
United Community Independence Programs Inc Meadville, PA | $12,839,930 | $19,323,193 |
Bradley Center Pittsburgh, PA | $22,521,384 | $19,532,666 |
The Arc Northern Chesapeake Region Incorporated Aberdeen, MD | $17,653,773 | $22,151,170 |
Delta Community Supports Inc Blue Bell, PA | $7,750,223 | $19,575,334 |
Reginald S Lourie Center For Infants And Young Children Gaithersburg, MD | $4,393,649 | $15,942,732 |
Soar 365 Richmond, VA | $23,580,904 | $17,622,374 |
The Arc Of Cumberland And Perry Counties Carlisle, PA | $17,945,922 | $17,632,843 |
Penn Mar Organization Inc Freeland, MD | $15,758,065 | $17,303,398 |
Shadowfax Corporation York, PA | $15,313,318 | $15,683,877 |
Mercer County Behavioral Health Commission Inc Mercer, PA | $12,214,107 | $15,908,236 |
Seneca Health Services Inc Summersville, WV | $15,580,571 | $15,499,005 |