Home Of Hope Inc
- Assets
- $9.2m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 174
- Location
- Vinita, OK
- Founding
- 06/1968
- Data as of
- 06/2022
- EIN
- 73-6119494
Organization Overview
Home Of Hope Inc is located in Vinita, OK. The organization was established in 1968. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Home Of Hope Inc employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Of Hope 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, Home Of Hope Inc generated $16.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $15.8m during the year ending 06/2022. While expenses have increased by 2.3% 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
SUPPORTING PEOPLE WITH DEVELOPMENTAL AND OTHER DISABILITIES BY PROMOTING CHOICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SUPPORT - RESIDENT AND REHABILITATION SERVICES, PLANNING, IMPLEMENTATION, AND ASSESSING INDIVIDUAL NEEDS, COMMUNITY INTEGRATION, SOCIAL RELATIONSHIPS AND NORMALIZATION WITH HOME AND COMMUNITY.
OTHER
INTERMEDIATE CARE PROGRAMS - HABILITATION AND SUPPORT SERVICES, INDIVIDUAL ASSESSMENTS, PLANNING AND IMPLEMENTATION, AFFIRMING AND PROTECTING RIGHTS OF INDIVUDALS, COMMUNITY INTEGRATION, SOCIAL RELATIONSHIPS AND NORMALIZATION.
VOCATIONAL SERVICES - PROVIDE VOCATIONAL ASSESSMENTS, ACTUAL WORK EXPERIENCE, TRAINING AND PLACEMENT SERVICES TO DEVELOPMENTALLY DISABLED ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Frazier CFO | Trustee | 29 | $0 |
Dena Pitts COO | Trustee | 29 | $0 |
Ralph Richardson CEO | OfficerTrustee | 29 | $0 |
Dee Robinson President | Trustee | 1 | $0 |
Liza Wenzel VP P&d | Trustee | 1 | $0 |
Tim Brown VP Operation | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $598,985 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $622,985 |
| Total Program Service Revenue | $14,722,466 |
| Investment income | $1,147,078 |
| 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 | $16,492,529 |
| 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 | $9,007,088 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $821,294 |
| Payroll taxes | $732,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $39,303 |
| Office expenses | $507,845 |
| Information technology | $170,264 |
| Royalties | $0 |
| Occupancy | $782,080 |
| Travel | $70,462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,162 |
| Payments to affiliates | $21,784 |
| Depreciation, depletion, and amortization | $152,538 |
| Insurance | $755,641 |
| All other expenses | $233,833 |
| Total functional expenses | $15,802,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,345,355 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,924,658 |
| 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 | $211,806 |
| Net Land, buildings, and equipment | $4,658,546 |
| Investments—publicly traded securities | $81,809 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,222,174 |
| Accounts payable and accrued expenses | $1,111,781 |
| 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 | $1,726,662 |
| Other liabilities | $0 |
| Total liabilities | $2,838,443 |
| Net assets without donor restrictions | $5,768,194 |
| Net assets with donor restrictions | $615,537 |
| 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 | $9,222,174 |