Good Hope Hospital Inc
- Assets
- $6.9m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Erwin, NC
- Founding
- 07/1947
- Data as of
- 12/2021
- EIN
- 56-0554209
Organization Overview
Good Hope Hospital Inc is located in Erwin, NC. The organization was established in 1947. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Hope Hospital 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 12/2021, Good Hope Hospital Inc generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INPATIENT MENTAL HEALTH TREATMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE 16 MENTAL HEALTH BEDS TO THE COMMUNITY IN AN INPATIENT HOSPITAL. THE HOSPITAL IS ONLY FOR MENTAL HEALTH PATIENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert P Cameron Vice-Chairman | OfficerTrustee | 1 | $0 |
N Earl Jones Jr Chairman | OfficerTrustee | 1 | $0 |
Jerry Ennis Sec-Treasurer | OfficerTrustee | 1 | $0 |
Rodalfo Reyes MD Board Member | Trustee | 5 | $0 |
Jim Burgin Board Member | Trustee | 1 | $0 |
Linda Robinson MD Board Member | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,361,854 |
| 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 | $3,361,854 |
| Total Program Service Revenue | $2,901,423 |
| Investment income | $116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,975 |
| Net Gain/Loss on Asset Sales | $515,132 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,784,003 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,054,533 |
| 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 | $0 |
| Advertising and promotion | $100 |
| Office expenses | $61,534 |
| Information technology | $16,285 |
| Royalties | $17,267 |
| Occupancy | $106,071 |
| Travel | $7,337 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,365 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,193 |
| Insurance | $0 |
| All other expenses | $5,684 |
| Total functional expenses | $3,940,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,115,324 |
| Savings and temporary cash investments | $98,127 |
| Pledges and grants receivable | $565,695 |
| Accounts receivable, net | $531,786 |
| 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 | $58,143 |
| Net Land, buildings, and equipment | $1,319,146 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,195,799 |
| Total assets | $6,884,020 |
| Accounts payable and accrued expenses | $818,698 |
| 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 | $1,397,974 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,216,672 |
| Net assets without donor restrictions | $4,667,348 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,884,020 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Good Hope Hospital Inc has recieved totaling $600,000.
| Awarding Organization | Amount |
|---|---|
The Golden L E A F Long-Term Economic Advancement Foundation In Rocky Mount, NC PURPOSE: See Part IV | $600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Armc Physicians Care Inc Greensboro, NC | $1,939,063 | $13,036,879 |
Macon County General Hospital Inc Lafayette, TN | $17,643,586 | $20,536,652 |
Healthcare Foundation Of Wilson Wilson, NC | $207,911,505 | $10,473,791 |
Chesapeake Hospital Corporation Kilmarnock, VA | $0 | $13,682,871 |
Alleghany County Memorial Hospital Inc Sparta, NC | $23,031,959 | $15,886,871 |
Baptist Memorial Hospital - Calhoun Inc Memphis, TN | $7,688,599 | $15,196,483 |
Wellstar Sylvan Grove Hospital Inc Marietta, GA | $8,619,975 | $16,516,673 |
Pender Memorial Hospital Incorporated Burgaw, NC | $39,814,102 | $13,183,408 |
Copper Basin Community Hospital Inc Copperhill, TN | $1,227,357 | $12,149,873 |
Kershawhealth Camden, SC | $123,086,645 | $13,029,458 |
The Spartanburg Regional Healthcare System Foundation Spartanburg, SC | $49,277,778 | $9,433,693 |
Wellmont Hawkins County Memorial Hospital Inc Johnson City, TN | $4,609,870 | $18,175,881 |