Hope Valley Inc
- Assets
- $707.8k
- Revenue
- $940.1k
- Investments
- $0.0
- Employees
- 16
- Location
- Dobson, NC
- Founding
- 08/1968
- Data as of
- 06/2021
- EIN
- 56-0903340
Organization Overview
Hope Valley Inc is located in Dobson, NC. The organization was established in 1968. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2021, Hope Valley Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Valley 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 06/2021, Hope Valley Inc generated $940.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. 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
PROVIDE QUALITY SUBSTANCE ABUSE TREATMENT SERVICES AT THE LOWEST POSSIBLE COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTIRE PROGRAM SERVICE IS FOR THE TREATMENT AND REHABILITATION OF ALCOHOL AND DRUG ABUSERS. APPROXIMATELY 274 CLIENTS RECEIVED TREATMENT DURING THIS FISCAL YEAR, INCLUDING 190 CLIENTS IN THE MEN'S DIVISION AND 84 CLIENTS IN THE WOMEN'S DIVISION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Morrow Executive Director | Officer | 40 | $56,000 |
Cathy Burns Secretary | OfficerTrustee | 1 | $0 |
Chuck Royster Board Vice Chair | OfficerTrustee | 1 | $0 |
Elizabeth Phillips Treasurer | OfficerTrustee | 1 | $0 |
Barbara Kirk Board Chair | OfficerTrustee | 2 | $0 |
Rick Mckinney Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $97,504 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,768 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,272 |
| Total Program Service Revenue | $856,159 |
| Investment income | $5,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$163,773 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $940,063 |
| 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. | $56,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,655 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,160 |
| Payroll taxes | $94,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $83,357 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,708 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,636 |
| Office expenses | $15,862 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,273 |
| Travel | $27,856 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,046 |
| Insurance | $46,844 |
| All other expenses | $134,667 |
| Total functional expenses | $1,241,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,209 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,101 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $66,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,238 |
| Net Land, buildings, and equipment | $258,356 |
| Investments—publicly traded securities | $280,915 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $707,819 |
| Accounts payable and accrued expenses | $42,550 |
| Grants payable | $0 |
| Deferred revenue | $12,728 |
| 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 | $55,278 |
| Net assets without donor restrictions | $652,541 |
| 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 | $707,819 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hope Valley Inc has recieved totaling $84,027.
| Awarding Organization | Amount |
|---|---|
Richard J Reynolds Iii And Marie Mallouk Reynolds Foundation Knoxville, TN PURPOSE: BEDROOM FURNISHINGS | $67,000 |
Diakonos Inc Statesville, NC PURPOSE: DACI PROGRAM | $17,027 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teen Challenge Of Florida Inc Columbus, GA | $37,357,779 | $23,684,517 |
Mcleod Addictive Disease Center Inc Charlotte, NC | $7,529,763 | $24,396,806 |
National Association Of Drug Court Professionals Alexandria, VA | $11,083,937 | $20,710,508 |
Buffalo Valley Inc Hohenwald, TN | $23,052,343 | $16,932,314 |
Lifechangers Outreach Kodak, TN | $5,536,063 | $14,743,558 |
Fellowship Hall Inc Greensboro, NC | $18,440,902 | $11,157,073 |
Lexington-Richland Alcohol & Drug Abuse Council Inc Columbia, SC | $18,989,355 | $13,291,435 |
Metro Atlanta Recovery Residences Inc Doraville, GA | $4,791,110 | $9,746,580 |
Charlotte Rescue Mission Charlotte, NC | $19,401,615 | $13,420,315 |
St Judes Recovery Center Inc Atlanta, GA | $11,423,584 | $7,096,838 |
Global Teen Challenge Inc Columbus, GA | $5,880,435 | $7,028,656 |
Cocaine And Alcohol Awareness Program Inc Memphis, TN | $9,021,139 | $5,516,016 |