Hope Medical Clinic Inc
- Assets
- $370.7k
- Revenue
- $96.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Dover, DE
- Founding
- 12/2005
- Data as of
- 12/2022
- EIN
- 59-3791820
Organization Overview
Hope Medical Clinic Inc is located in Dover, DE. The organization was established in 2005. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2022, Hope Medical Clinic Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Medical Clinic 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 12/2022, Hope Medical Clinic Inc generated $96.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $116.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 8 years. 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
PROVIDE NO-COST MEDICAL CARE TO UNINSURED AND LOW-INCOME INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEDICAL CARE FOR LOW INCOME AND UNINSURED FAMILIES AND INDIVIDUALS AT NO COST ESTIMATED VALUE OF DONATED MEDICAL SERVICES 17,610 ESTIMATED VALUE OF DONATED FACILITIES 19,800
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Smith-Christiano President | Officer | $0 | |
Nisha Lodhavia Edd Vice Preside | Officer | $0 | |
Deanna Rigby Facche Secretary | Trustee | $0 | |
Scott Becker Treasurer | Officer | $0 | |
Mary Jane Willis Past Preside | Trustee | $0 | |
Robert Berglund Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,406 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,240 |
| Noncash contributions included in lines 1a–1f | $37,410 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,646 |
| Total Program Service Revenue | $0 |
| Investment income | $5,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,965 |
| Net Income from Fundraising Events | $44,298 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,139 |
| 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 | $30,808 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,584 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,968 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,433 |
| Travel | $764 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,832 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,972 |
| Insurance | $9,294 |
| All other expenses | $548 |
| Total functional expenses | $116,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,485 |
| Savings and temporary cash investments | $24,844 |
| 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 | $21,348 |
| Investments—publicly traded securities | $259,028 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $370,705 |
| Accounts payable and accrued expenses | $363 |
| 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 | $363 |
| Net assets without donor restrictions | $370,342 |
| 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 | $370,705 |