Hope House Day Care Center Inc
- Assets
- $2.8m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 40
- Location
- Memphis, TN
- Founding
- 03/1995
- Data as of
- 06/2022
- EIN
- 62-1579024
Organization Overview
Hope House Day Care Center Inc is located in Memphis, TN. The organization was established in 1995. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Hope House Day Care Center Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope House Day Care Center 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 06/2022, Hope House Day Care Center Inc generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $3.8m during the year ending 06/2022. While expenses have increased by 13.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HOPE HOUSE IS TO IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES AFFECTED BY HIV AND POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE HOUSE SERVES CHILDREN AND ADULTS AFFECTED BY HIV AND POVERTY. SERVICES INCLUDE DAYCARE AND PRESCHOOL FOR CHILDREN AS WELL AS PLAY THERAPY. FOR ADULTS, SERVICES INCLUDE HOUSING, SUPPORT GROUPS, INDIVIDUAL COUNSELING, FOOD AND NECESSITIES PANTRY, ANTI-POVERTY CLASSES AND EMERGENCY FINANCIAL ASSISTANCE AND HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Elizabeth Dupont Former Executive Director | Officer | 40 | $122,270 |
Bryan Mulroy Treasurer | OfficerTrustee | 1 | $0 |
Doug Wright President | OfficerTrustee | 1 | $0 |
James Hay Immediate Past President | OfficerTrustee | 1 | $0 |
Marye Bernard Secretary | OfficerTrustee | 1 | $0 |
Parrish Oglesby President Elect | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $76,137 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,612,709 |
| All other contributions, gifts, grants, and similar amounts not included above | $657,240 |
| Noncash contributions included in lines 1a–1f | $2,006 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,346,086 |
| Total Program Service Revenue | $0 |
| Investment income | $33,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33 |
| Net Income from Fundraising Events | $26,667 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,486,515 |
| 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. | $122,270 |
| Compensation of current officers, directors, key employees. | $122,270 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,754,010 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $164,678 |
| Advertising and promotion | $0 |
| Office expenses | $14,300 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,652 |
| Travel | $22,483 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,739 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,573 |
| Insurance | $24,764 |
| All other expenses | $16,883 |
| Total functional expenses | $3,839,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $589,235 |
| Savings and temporary cash investments | $240,001 |
| Pledges and grants receivable | $531,825 |
| Accounts receivable, net | $2,843 |
| 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 | $15,602 |
| Net Land, buildings, and equipment | $505,763 |
| Investments—publicly traded securities | $951,915 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,837,184 |
| Accounts payable and accrued expenses | $75,900 |
| 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 | $75,900 |
| Net assets without donor restrictions | $2,128,523 |
| Net assets with donor restrictions | $632,761 |
| 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 | $2,837,184 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Hope House Day Care Center Inc has recieved totaling $277,963.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $71,900 |
United Way Of The Mid-South Memphis, TN PURPOSE: SEE SCH O | $58,712 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $56,500 |
Slingshot Memphis Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $41,291 |
Porter-Leath Memphis, TN PURPOSE: ENHANCE THE QUALITY, SAFETY OR EDUCATIONAL VALUE OF THE CENTER. | $15,160 |
Rochester Area Community Foundation Rochester, NY PURPOSE: FOR GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $1,091,882 |
| Earnings | $173,830 |
| Admin Expense | $8,470 |
| Ending Balance | $951,915 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quality Care For Children Inc Atlanta, GA | $7,415,823 | $20,444,719 |
Learning Grove Inc Covington, KY | $12,030,181 | $15,031,851 |
Child Care Resources Inc Charlotte, NC | $14,134,148 | $14,856,531 |
Operation Breakthrough Inc Kansas City, MO | $30,816,270 | $15,851,429 |
The Childrens Center Franklin, VA | $3,548,502 | $14,069,816 |
Gulf Regional Early Childhood Services Inc Mobile, AL | $4,519,682 | $13,000,222 |
Campagna Center Inc Alexandria, VA | $7,278,188 | $13,190,790 |
Child Care Resources Inc Richmond, VA | $3,029,926 | $11,141,593 |
Positively Living Inc Knoxville, TN | $4,436,601 | $10,571,861 |
Community Childcare Food Supplement Inc Savannah, GA | $1,811,584 | $9,216,213 |
Southwestern Child Development Commission Inc Webster, NC | $5,030,316 | $8,632,437 |
Guadalupe Center Inc Kansas City, MO | $11,857,971 | $9,741,504 |