Abundant Life Ministries Hope House Incorporated is located in Palm Coast, FL. The organization was established in 2002. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2023, Abundant Life Ministries Hope House Incorporated employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abundant Life Ministries Hope House 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 12/2023, Abundant Life Ministries Hope House Incorporated generated $490.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $418.4k during the year ending 12/2023. While expenses have increased by 8.7% per year over the past 9 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
FAITH-BASED YOUTH PROGRAMS ABUNDANT LIFE MINISTRIES HOPE HOUSE INC PROVIDES AND MAINTAINED A GROUP HOME FOR 6 BOYS DURING 2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF GROUP HOME, FOSTERING LOW-INCOME HOUSING
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sandra Shank CEO | OfficerTrustee | 40 | $0 |
A Dolinky Secretary | OfficerTrustee | 2 | $0 |
Chris Freda Treasurer | OfficerTrustee | 2 | $0 |
Dan Browne Chair | Trustee | 2 | $0 |
Olga Wengert Board Member | Trustee | 2 | $0 |
Samuel Ayodele Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $8,908 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $13,753 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $22,661 |
Total Program Service Revenue | $464,322 |
Investment income | $2,730 |
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 | $490,765 |
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. | $65,000 |
Compensation of current officers, directors, key employees. | $65,000 |
Compensation to disqualified persons | $203,482 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $21,850 |
Fees for services: Management | $0 |
Fees for services: Legal | $10,120 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $3,083 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $577 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $31,183 |
Travel | $9,786 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $10,208 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,779 |
Insurance | $17,711 |
All other expenses | $0 |
Total functional expenses | $418,369 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $165,629 |
Savings and temporary cash investments | $120,399 |
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 | $259,068 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $214,020 |
Total assets | $759,116 |
Accounts payable and accrued expenses | $7,388 |
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 | $141,316 |
Unsecured mortgages and notes payable | $98,237 |
Other liabilities | $0 |
Total liabilities | $246,941 |
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 | $512,175 |
Total liabilities and net assets/fund balances | $759,116 |