Hope Community Resources Inc
- Assets
- $45.7m
- Revenue
- $44.6m
- Investments
- $0.0
- Employees
- 675
- Location
- Anchorage, AK
- Founding
- 01/1970
- Data as of
- 06/2021
- EIN
- 92-0036594
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 06/2022, Hope Community Resources Inc employed 675 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 06/2021, Hope Community Resources Inc generated $44.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $44.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. 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 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Girault Executive Director | Officer | 40 | $154,041 |
William Browner Medical Director | 40 | $138,322 | |
Michael Bailey Chief Operating Officer | Officer | 40 | $120,874 |
Sharayah Talarovich Chief Workforce & Risk Officer | 40 | $117,367 | |
Tom Hiratsuka Chief Financial Officer | Officer | 40 | $116,352 |
Jo-Anne Sullivan Dep. Dir. Of Health & Wellness | 40 | $115,603 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benefit Coordinators Corporation Health Premium | 6/29/22 | $1,101,706 |
Verizon Wireless Services Llc Phone & Internet | 6/29/22 | $159,544 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,547,647 |
| Investment income | $20,301 |
| 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 | $44,624,267 |
| Statement of Expenses | |
|---|---|
| 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. | $257,797 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,940,559 |
| Pension plan accruals and contributions | $270,500 |
| Other employee benefits | $7,662,495 |
| Payroll taxes | $2,250,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,047 |
| 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 | $542,476 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $189,908 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $517,636 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,876,410 |
| Insurance | $1,365,313 |
| All other expenses | $0 |
| Total functional expenses | $44,279,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,786,837 |
| Savings and temporary cash investments | $2,976,070 |
| Pledges and grants receivable | $21,152 |
| 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 | $380,274 |
| Investments—publicly traded securities | $4,139,178 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $234,071 |
| Total assets | $45,717,895 |
| Accounts payable and accrued expenses | $4,346,910 |
| Grants payable | $0 |
| Deferred revenue | $5,367,423 |
| 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 | $14,820,912 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,535,245 |
| Net assets without donor restrictions | $19,239,486 |
| Net assets with donor restrictions | $1,943,164 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $21,182,650 |