Hope House Foundation Inc
- Assets
- $10.3m
- Revenue
- $15.1m
- Investments
- $2.9m
- Employees
- 380
- Location
- Norfolk, VA
- Founding
- 12/1967
- Data as of
- 06/2023
- EIN
- 54-0804383
Organization Overview
Hope House Foundation Inc is located in Norfolk, VA. The organization was established in 1967. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Hope House Foundation Inc employed 380 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope House Foundation 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 06/2023, Hope House Foundation Inc generated $15.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $13.6m during the year ending 06/2023. While expenses have increased by 5.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST PEOPLE WITH DISABILITIES, AND TO PROVIDE INDIVIDUALIZED SUPPORTED LIVING SERVICES FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN THEIR OWN HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE HOUSE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES SUPPORTIVE LIVING SERVICES TO 120 ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN CITIES THROUGHOUT SOUTH HAMPTON ROADS. HOPE HOUSE FOUNDATION IS AN ORGANIZATION IN VIRGINIA THAT SUPPORTS PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES LIVING EXCLUSIVELY IN THEIR OWN HOMES. HOPE HOUSE FOUNDATION IS DEDICATED TO THE PHILOSOPHY OF SUPPORTED LIVING; WHERE PEOPLE WITH DISABILITIES CONTROL THEIR OWN LIVES AND MAKE EVERYDAY CHOICES ABOUT HOW THEY LIVE, WHO THEY LIVE WITH, WHO SUPPORTS THEM, AND WHAT LEVEL OF SUPPORT THEY DESIRE. OUR SERVICES ARE BASED ON THE CONVICTION THAT PEOPLE WITH DISABILITIES HAVE THE RIGHT TO LIVE IN THEIR OWN HOMES AND HAVE CONTROL OVER THEIR DAY-TO-DAY LIVES, JUST AS DO PEOPLE WITHOUT DISABILITIES. EVERY PERSON WE SERVE LIVES IN THEIR OWN APARTMENT OR HOME AND RECEIVES THE EXACT LEVEL OF SUPPORT THEY NEED TO ENGAGE IN EVERYDAY LIFE. MOST OF THE PEOPLE WE SERVE LIVE IN APARTMENT BUILDINGS, WHERE THEY LIVE SIDE-BY-SIDE WITH OTHER CITIZENS, AS FRIENDS, NEIGHBORS AND COWORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caren Lynne Seagle Exe. Director (thru 02/18/23) | Officer | 40 | $150,208 |
Kimberly Britt-Murrell Service Coordinator | 0 | $114,351 | |
Shannon Pociask Executive Director | Officer | 0 | $94,520 |
Jonathan Gray Director | Trustee | 1 | $26,021 |
Diana White President | OfficerTrustee | 2 | $0 |
Tom Moss Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,044 |
| Related organizations | $20,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $593,022 |
| Noncash contributions included in lines 1a–1f | $18,793 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $664,066 |
| Total Program Service Revenue | $14,139,587 |
| Investment income | $110,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $156,743 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $47,626 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,123,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $192,595 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $270,749 |
| Compensation of current officers, directors, key employees. | $54,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,155,323 |
| Pension plan accruals and contributions | $388,119 |
| Other employee benefits | $1,003,343 |
| Payroll taxes | $696,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $440,415 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $208,032 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $784 |
| Payments to affiliates | $7,188 |
| Depreciation, depletion, and amortization | $71,336 |
| Insurance | $219,938 |
| All other expenses | $0 |
| Total functional expenses | $13,560,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,924,099 |
| Savings and temporary cash investments | $1,248,140 |
| Pledges and grants receivable | $14,419 |
| Accounts receivable, net | $1,291,281 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,000 |
| Inventories for sale or use | $17,064 |
| Prepaid expenses and deferred charges | $631 |
| Net Land, buildings, and equipment | $227,730 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,888,845 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,702,222 |
| Total assets | $10,321,431 |
| Accounts payable and accrued expenses | $1,356,955 |
| 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 | $524,641 |
| Total liabilities | $1,881,596 |
| Net assets without donor restrictions | $8,346,909 |
| Net assets with donor restrictions | $92,926 |
| 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 | $10,321,431 |