Hope Center Incorporated
- Assets
- $543.2k
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 24
- Location
- Gretna, LA
- Founding
- 02/2002
- Data as of
- 12/2023
- EIN
- 72-1472498
Organization Overview
Hope Center Incorporated is located in Gretna, LA. The organization was established in 2002. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Hope Center Incorporated employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Center 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, Hope Center Incorporated generated $4.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. While expenses have increased by 9.1% 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
THE HOPE CENTER, INC. EMPOWERS IMPOVERISHED INDIVIDUALS FROM THE GREATER NEW ORLEANS METROPOLITAN AREA TO BECOME ECONOMICALLY STABLE THROUGH SPECIALIZED TECHNICAL TRAINING, EDUCATION INITIATIVES, AND EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE CENTER CURRENTLY SERVICES VETERANS IN AN EFFORT TO END HOMELESSNESS OR PREVENT HOMELESSNESS. THIS IS ACCOMPLISHED THROUGH FUNDING FOR THE DEPT. OF VETERAN AFFAIRS HOMELESSNESS PROGRAMS. THE PROGRAM PROVIDES EMERGENCY HOUSING AND RAPID REHOUSING PLACEMENT FOR VETERANS AND THEIR FAMILIES. SERVICES INCLUDE HOUSING NAVIGATION, INCOME SUPPORTS, CONNECTING WITH VA MEDICAL SERVICES, FOOD, EMERGENCY SUPPLIES, UTILITY ASSISTANCE, RENTAL PAYMENT ASSISTANCE, TENANT INCENTIVES, LANDLORD INCENTIVES, DAILY LIVING SERVICES, TRANSPORTATION, HEALTHCARE NAVIGATION, LEGAL SERVICES, AND FINANCIAL COACHING.THE ORGANIZATION RECEIVED A SUICIDE PREVENTION AWARD FROM THE VA OFFICE OF MENTAL HEALTH TO ASSIST VETERANS AND ACTIVE DUTY SERVICE MEMBERS AND THEIR FAMILIES WITH CRISIS ASSISTANCE AND CONNECTING TO MENTAL HEALTH SERVICES IN THE PREVENTION OF SUICIDE AMONG FORMER AND CURRENT SERVICE MEMBERS. THE HOPE CENTER, INC. SERVED 450 VETERAN HOUSEHOLDS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Magee Executive Di | Officer | 40 | $198,267 |
Shawn Bax Deputy Direc | Officer | 40 | $169,705 |
Blanca Magee Management A | 40 | $103,977 | |
Chantal Walker Fiscal Manag | 40 | $102,392 | |
Wilbert R Walker President/di | OfficerTrustee | 10 | $92,035 |
Laurence Perry Treasurer/di | OfficerTrustee | 10 | $55,811 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,925,160 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,507 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,962,667 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $3,991,997 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $919,292 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $515,818 |
| Compensation of current officers, directors, key employees. | $55,811 |
| Compensation to disqualified persons | $594,203 |
| Other salaries and wages | $1,036,670 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $146,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,500 |
| Fees for services: Accounting | $5,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $315,588 |
| Advertising and promotion | $3,911 |
| Office expenses | $68,586 |
| Information technology | $9,480 |
| Royalties | $0 |
| Occupancy | $202,603 |
| Travel | $107,464 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,065 |
| Interest | $477 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,975 |
| Insurance | $61,972 |
| All other expenses | $0 |
| Total functional expenses | $4,054,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,316 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $338,272 |
| 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 | $77,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $543,164 |
| Accounts payable and accrued expenses | $16,843 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $24,112 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $36,221 |
| Other liabilities | $0 |
| Total liabilities | $77,176 |
| 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 | $465,988 |
| Total liabilities and net assets/fund balances | $543,164 |