Hopesource
- Assets
- $16.9m
- Revenue
- $17.4m
- Investments
- $0.0
- Employees
- 163
- Location
- Ellensburg, WA
- Founding
- 03/1967
- Data as of
- 12/2022
- EIN
- 91-0814544
Organization Overview
Hopesource is located in Ellensburg, WA. The organization was established in 1967. 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 12/2022, Hopesource employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopesource 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, Hopesource generated $17.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $16.7m during the year ending 12/2022. While expenses have increased by 16.4% per year over the past 8 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
TO IMPROVE THE QUALITY OF LIFE FOR ALL MEMBERS OF THE COMMUNITY OF KITTITAS COUNTY (SEE SCHEDULE O) BY ATTENDING TO ITS CITIZENS WHO ARE UNABLE TO TEMPORARILY STABILIZE THEMSELVES IN THE FIRST FOUR LEVELS OF MASLOW'S HIERARCHY OF NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING & ENERGY SERVICES: THE ENERGY ASSISTANCE PROGRAM HELPS LOW-INCOME HOUSEHOLDS WITH THEIR HOME HEATING BILLS AND AVOID SHUTOFF OF UTILITIES DURING WINTER MONTHS; ENSURING WARM HEALTHY HOUSEHOLDS FOR THOSE IN NEED. PROVIDES EMERGENCY SHELTER SERVICES TO UNSHELTERED INDIVIDUALS, GIVING PRIORITY TO FAMILIES WITH CHILDREN AND HOUSEHOLDS WHO ARE HOMELESS AFTER FLEEING DOMESTIC VIOLENCE. IT ALSO INCLUDES SERVICES FOR EVICTION PREVENTION, MOVE-IN ASSISTANCE, AND SUPPORT SERVICES FOR LOW-INCOME FAMILIES IN THE COMMUNITIES WE SERVE.
THE SUPPORTIVE SERVICES FOR VETERAN FAMILIES (SSVF) PROGRAM IS DESIGNED TO ASSIST VETERANS AND THEIR FAMILIES WHO ARE EXPERIENCING HOMELESSNESS, OR ARE IMMINENTLY IN DANGER OF BECOMING HOMELESS, IN OBTAINING AND MAINTAINING STABLE HOUSING. HOPESOURCE WAS AWARDED THE GRANT OF THE UNITED STATES DEPARTMENT OF VETERAN AFFAIRS TO SERVE VETERANS THROUGHOUT NORTH CENTRAL WASHINGTON IN THE FIVE COUNTIES OF KITTITAS, GRANT, CHELAN, DOUGLAS, AND OKANOGAN AREA ENCOMPASSING OVER 16,000 SQUARE MILES. THE PROGRAM WAS DEVELOPED TO FOCUS ON THE HOMELESS VETERAN POPULATION THAT INCLUDES HOMELESS PREVENTION, RAPID RE-HOUSING, AND HOUSING FIRST MODELS TO COMBAT THE DISPROPORTIONATE NUMBER OF VETERANS EXPERIENCING HOMELESSNESS. ASSISTANCE TO VETERANS WILL BE DELIVERED THROUGH A VARIETY OF SERVICES TO ADDRESS (SEE SCHEDULE O) CURRENT GAPS IN CONTINUUM OF CARE FOR THIS GROUP OF INDIVIDUALS.
TRANSPORTATION SERVICES: THIS IS A PARATRANSIT AND A FIXED ROUTE CENTRAL TRANSIT TRANSPORTATION SYSTEM. ALL SYSTEMS OFFER ADA COMPLIANT, WHEELCHAIR ACCESSIBLE BUSSES AND EXCEPTIONAL DRIVERS. AS A PROVIDER OF PARATRANSIT TRANSPORTATION, THIS PROGRAM OFFERS DOOR-TO-DOOR RIDES TO THE ELDERLY, DISABLED, AND LOW-INCOME OF KITTITAS COUNTY TO MEDICAL, NUTRITION, SOCIAL SERVICE, AND EMPLOYMENT COMMITMENTS. AS A FIXED ROUTE, CENTRAL TRANSIT OFFERS 26 CONVENIENT STOPS FOR NUTRITION, HOSPITAL VISITS, SHOPPING, AND RECREATION FOR THE RESIDENTS OF ELLENSBURG AND STUDENTS OF CENTRAL WASHINGTON UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Wade Chair | OfficerTrustee | 1 | $0 |
Claire Nicholls Vice Chair, Treasurer | OfficerTrustee | 1 | $0 |
Shianne Lowe Secretary | OfficerTrustee | 1 | $0 |
Elena James Board Member | Trustee | 1 | $0 |
Jim Pappas Board Member | Trustee | 1 | $0 |
Judy Warnick Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spurling Court Lllp Low Income Housing | 12/30/22 | $281,842 |
Briarwood Commons Of Ellensburg Llc Rent | 12/30/22 | $208,072 |
Cedars Inn Rent | 12/30/22 | $175,707 |
Greystar Management Services Rent | 12/30/22 | $142,444 |
The Ridge Professional Plaza Llc Rent | 12/30/22 | $151,057 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,005 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,088,830 |
| All other contributions, gifts, grants, and similar amounts not included above | $778,261 |
| Noncash contributions included in lines 1a–1f | $275,419 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,868,096 |
| Total Program Service Revenue | $495,024 |
| Investment income | $2,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,561 |
| Net Gain/Loss on Asset Sales | -$453 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,407,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,819,143 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $339,633 |
| Compensation of current officers, directors, key employees. | $176,037 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,308,026 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $842,326 |
| Payroll taxes | $458,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $742,227 |
| Advertising and promotion | $23,548 |
| Office expenses | $171,286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $420,424 |
| Travel | $46,513 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,265 |
| Interest | $123,264 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $371,936 |
| Insurance | $125,386 |
| All other expenses | $140,566 |
| Total functional expenses | $16,695,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406,070 |
| Savings and temporary cash investments | $9,855 |
| Pledges and grants receivable | $2,157,667 |
| Accounts receivable, net | $526,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $815,000 |
| Inventories for sale or use | $37,035 |
| Prepaid expenses and deferred charges | $89,110 |
| Net Land, buildings, and equipment | $11,182,485 |
| Investments—publicly traded securities | $11,398 |
| Investments—other securities | $0 |
| Investments—program-related | $566,789 |
| Intangible assets | $0 |
| Other assets | $1,101,637 |
| Total assets | $16,903,546 |
| Accounts payable and accrued expenses | $796,064 |
| Grants payable | $0 |
| Deferred revenue | $314,105 |
| 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 | $8,115,623 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $762,614 |
| Total liabilities | $9,988,406 |
| Net assets without donor restrictions | $6,825,557 |
| Net assets with donor restrictions | $89,583 |
| 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 | $16,903,546 |