Hope Community Resources Inc

Organization Overview

Hope Community Resources Inc is located in Anchorage, AK. The organization was established in 1970. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2021, Hope Community Resources Inc employed 908 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Community Resources 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 06/2020, Hope Community Resources Inc generated $44.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $45.1m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE RESIDENTIAL, MENTAL HEALTH, AND VOCATIONAL SERVICES TO PEOPLE WHO CHOOSE OUR SUPPORTS THROUGHOUT THE STATE OF ALASKA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED RESIDENTIAL, VOCATIONAL, AND MENTAL HEALTH SERVICES FOR APPROXIMATELY 600 ALASKANS WITH DEVELOPMENT AND MENTAL HEALTH DISABILITIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Benefit Coordinators Corporation
Health Premium/administration
$2,252,091
Kpmg Llp
Accounting
$127,300
The Echo Group
Electronic Healthcare Record System Fees
$107,225
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,630,718
Investment income $54,931
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $45,951
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $44,913,802

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Hope Community Resources Inc has recieved totaling $437,790.

Awarding OrganizationAmount
Rasmuson Foundation

Anchorage, AK

PURPOSE: REPAIRS AND UPGRADES TO 30 ASSISTED LIVING HOMES

$266,667
Rasmuson Foundation

Anchorage, AK

PURPOSE: REPAIRS AND UPGRADES TO 30 ASSISTED LIVING HOMES IN SOUTHCENTRAL

$133,333
$27,500
Swanson Family Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$5,000
Allstate Foundation

Northbrook, IL

PURPOSE: 2021 GROUP LEGACY PROJECT GRANT - JEFFREY CASE

$2,500
Rasmuson Foundation

Anchorage, AK

PURPOSE: GENERAL SUPPORT

$2,442
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,037,780
Earnings$507,455
Net Contributions$73,548
Ending Balance$2,618,783

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