Ladies Of Hope Ministries Inc
- Assets
- $1.5m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 25
- Location
- New York, NY
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-2249413
Organization Overview
Ladies Of Hope Ministries Inc, operating under the name The Lohm, is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (S81) the organization is classified as: Womens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Lohm employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lohm 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, Lohm generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 62.4% each year . All expenses for the organization totaled $3.7m during the year ending 12/2022. 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 LADIES OF HOPE MINISTRIES' MISSION IS TO HELP DISENFRANCHISED AND MARGINALIZED FORMERLY INCARCERATED WOMEN TRANSITION BACK INTO SOCEITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOPE HOUSE PROGRAM PROVIDES INDEPENDENT LIVING SPACE DESIGNED TO PROVIDE A HOLISTIC ENVIRONMENT OF SUPPORT SERVICES, GUIDANCE, AND SAFE HOUSING FOR WOMEN IMPACTED BY TRAUMA
PROGRAMS PUT IN PLACE TO HELP DISENFRANCHISED AND MARGINALIZED FORMERLY INCARCERATED WOMEN
EPIC AMBASSADORS FELLOWSHIP PROGRAM TRAINS WOMEN WHO ARE IMPACTED BY THE CRIMINAL LEGAL SYSTEM TO BE LEGISLATIVE ADVOCATES, GRASSROOTS ORGANIZERS, AND LOBBYISTS. AMBASSADORS WILL DEPLOY NATIONWIDE AND OVERSEAS TO SPEARHEAD REFORM IN LOCATIONS WITH HIGH RATES OF INCARCERATION AND SIGNIFICANT POPULATIONS
FACES OF WOMEN IMPRISONED OFFERS THE TOOLS, TRAINING, AND RESOURCES FOR WOMEN TO ELEVATE THEIR STORIES AND CHANGE THE NARRATIVE OF WHAT THEY CAN CONTRIBUTE TO THE WORLD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Topeka K Sam Executive Di | OfficerTrustee | 40 | $278,560 |
Dr Eleanor Moody-Shephard Chair | OfficerTrustee | 1 | $0 |
Linda Andrews Secretary | OfficerTrustee | 1 | $0 |
Faith Leach Treasurer | OfficerTrustee | 1 | $0 |
Keia Clarke Board Member | Trustee | 1 | $0 |
Toney Earl Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jessica Sanchez Consulting | 12/30/22 | $113,649 |
Syrita R Steib Llc Consulting | 12/30/22 | $105,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,922,388 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,922,388 |
| Total Program Service Revenue | $7,103 |
| Investment income | $419 |
| 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 | $4,940,910 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $544 |
| 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. | $414,599 |
| Compensation of current officers, directors, key employees. | $84,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $983,092 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $103,921 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,663 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $698,530 |
| Advertising and promotion | $24,790 |
| Office expenses | $55,320 |
| Information technology | $51,387 |
| Royalties | $0 |
| Occupancy | $215,145 |
| Travel | $187,822 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,329 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,960 |
| Insurance | $12,831 |
| All other expenses | $265,633 |
| Total functional expenses | $3,711,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $702,760 |
| Savings and temporary cash investments | $0 |
| 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 | $652,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $135,474 |
| Total assets | $1,490,294 |
| Accounts payable and accrued expenses | $77,378 |
| 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 | $659,109 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $190,891 |
| Total liabilities | $927,378 |
| Net assets without donor restrictions | $260,916 |
| Net assets with donor restrictions | $302,000 |
| 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 | $1,490,294 |