Haven Of Hope Inc
- Assets
- $4.8m
- Revenue
- $676.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Artesia, NM
- Founding
- Data as of
- 12/2023
- EIN
- 84-5177586
Organization Overview
Haven Of Hope Inc is located in Artesia, NM. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Haven Of Hope Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haven 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 12/2023, Haven Of Hope Inc generated $676.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.8% each year . All expenses for the organization totaled $488.5k during the year ending 12/2023. 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
ENPOWERING EXCEPTIONAL SINGLE MOTHERS, OFFERING STABLE COMMUNITY LIVING AND RESOURCES TO CULTIVATE SELF-RELIANCE FOR THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAVEN OF HOPE PROGRAMMING IN 2023 FOCUSED ON BRINGING DEPTH TO SERVICE PROVISION TO FAMILY CARE PROGRAM FAMILIES. STAFF WAS EXPANDED TO PROVIDE ONE-ON-ONE SUPPORT FROM A PART-TIME COMMUNITY SERVICES COORDINATOR. ADULT AND CHILD CLIENTS RECEIVED SERVICES TO SUPPORT EMOTIONAL NEEDS, LIFE SKILLS DEVELOPMENT AND CRISIS MANAGEMENT AS NEEDED. COTTAGE OCCAPANCY REACHED 100% IN AUGUST AND CONTINUES TO STAY AT FULL CAPACITY. DEVELOPMENT OF THE SECOND PHASE OF PROGRAMMING FOR FAMILIES AS THEY PROGRESS TOWARD FINANCIAL INDEPENDENCE IS UNDERWAY. THE NEW PROGRAM IS CALLED NEXT STEP AND IS EXPECTED TO EXPAND THE NUMBER OF CLIENTS SERVED BY 36% OR MORE. A FUNDRAISING GALA EVENT TO AUGMENT AND EVENTUALLY REPLACE THE ORGANIZATION'S ORIGINAL START UP OPERATING GRANT WAS SUCCESSFULLY CONDUCTED IN OCTOBER SURPASSING BUDGET GOSLS AND LENDING MOMENTUM TO OUR EFFORTS TO BUILD COMMUNITY AWARENESS AND SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Mcgee-Chiodini President | OfficerTrustee | 2 | $0 |
Noreen Teel Vice-Preside | OfficerTrustee | 2 | $0 |
Pat Wood Treasurer | OfficerTrustee | 2 | $0 |
Katelynn Gunn DMD Secretary | OfficerTrustee | 2 | $0 |
Annie Baca Director | Trustee | 2 | $0 |
Richard Rodriguez Director | Trustee | 2 | $0 |
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 | $592,717 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $592,717 |
| Total Program Service Revenue | $1,800 |
| Investment income | $1,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $80,162 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $676,554 |
| 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. | $81,148 |
| Compensation of current officers, directors, key employees. | $40,574 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,385 |
| Pension plan accruals and contributions | $6,525 |
| Other employee benefits | $0 |
| Payroll taxes | $14,580 |
| 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 | $11,029 |
| Advertising and promotion | $1,337 |
| Office expenses | $6,284 |
| Information technology | $11,688 |
| Royalties | $0 |
| Occupancy | $36,160 |
| Travel | $1,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $692 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,305 |
| Insurance | $23,556 |
| All other expenses | $0 |
| Total functional expenses | $488,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,231 |
| Savings and temporary cash investments | $207,109 |
| Pledges and grants receivable | $118,976 |
| 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 | $4,163,591 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,756,907 |
| Accounts payable and accrued expenses | $131 |
| 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 | $4,385 |
| Total liabilities | $4,516 |
| Net assets without donor restrictions | $4,633,415 |
| Net assets with donor restrictions | $118,976 |
| 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 | $4,756,907 |