Hope 365
- Assets
- $205.8k
- Revenue
- $278.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Madison Heights, MI
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-2886827
Organization Overview
Hope 365 is located in Madison Heights, MI. The organization was established in 2019. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope 365 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 12/2021, Hope 365 generated $278.5k in total revenue. All expenses for the organization totaled $73.1k during the year ending 12/2021. While expenses have increased by 379.0% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP THOSE INDIGENT PEOPLE FROM AGES OF 19 YEARS OLD AND ABOVE WITH MENTAL HEALTH ISSUES AND SYMPTOMSCOMMA TO PROVIDE PROGRAMS ANDSERVICES FOR CRISIS AVERSIONCOMMA RECOVERY EFFORTCOMMA SUPPORT SERVICES FOR THOSE VOLUNTARILY SEEKING ASSISTANCE AND HELPCOMMA PEER TO PEER SERVICESCOMMA PEER RESPITE AND WELLNESS CENTER FOR AT RISK INDIVIDUALSCOMMA TO BREAK THE CYCLE OF LEARNED HELPLESSNESS AND CRISIS SERVICES RECIDIVISM THROUGH 24 HOURS PEER SUPPORTCOMMA SELF ADVOCACY EDUCATION AND SELF-HELP TRAININGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SET IT UP RESIDENTIAL HOME FOR INDIGENT PEOPLE WITH MENTAL HEALTH ILLNESSES. THIS IS RELATED TO CORPORATION PURPOSES AND MISSION ESTABLISHED AS NON-FOR-PROFIT ORGANIZATION. IT STARTED ON OR BEFORE THE FOURTH QUARTER OF 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Monroe Board Of Director | 6 | $0 | |
John Corrigan Board Of Director | 2 | $0 | |
Chuck Roehl Board Of Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $655 |
| Related organizations | $0 |
| Government grants | $255,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $278,493 |
| 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 | $278,493 |
| 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. | $17,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,410 |
| 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 | $44,892 |
| Advertising and promotion | $0 |
| Office expenses | $8,603 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $563 |
| All other expenses | $0 |
| Total functional expenses | $73,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $203,168 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,600 |
| Total assets | $205,768 |
| Accounts payable and accrued expenses | $7,320 |
| 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 | $7,320 |
| 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 | $198,448 |
| Total liabilities and net assets/fund balances | $205,768 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walther Cancer Foundation Inc Indianapolis, IN | $153,573,547 | $10,375,494 |
Cincinnati Sight Restoration Foundation Inc Cincinnati, OH | $11,696,354 | $3,183,062 |
National Niemann-Pick Disease Foundation Fort Atkinson, WI | $850,802 | $499,229 |
Ihpba Foundation Inc Lacrosse, WI | $1,235,031 | $429,875 |
Ovarian Cancer Connection Toledo, OH | $229,667 | $0 |
Hope 365 Madison Heights, MI | $205,768 | $278,493 |
Rockin Out Cancer Lewis Center, OH | $11,714 | $0 |
Moa Charitable Fund Okemos, MI | $98,754 | $0 |
University Health Care Inc Middleton, WI | $115,393,715 | $2,728 |
South Bend Medical Servicescorportation South Bend, IN | $0 | $0 |
Qhs 1 Inc Milwaukee, WI | $3,820,570 | $1,871,029 |
Heimlich Institute Foundation Inc Cincinnati, OH | $0 | $1,200 |