Hope Initiatives Cdc Incorporated
- Assets
- $559.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 19
- Location
- Rochester, NY
- Founding
- 08/2002
- Data as of
- 09/2023
- EIN
- 03-0374933
Organization Overview
Hope Initiatives Cdc Incorporated is located in Rochester, NY. The organization was established in 2002. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2023, Hope Initiatives Cdc Incorporated employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Initiatives Cdc Incorporated 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 09/2023, Hope Initiatives Cdc Incorporated generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOPE INITIATIVES ENVISIONS THE DAY WHEN "RECEIVERS" HAVE BECOME "GIVERS". THIS HAPPENS WHEN THOSE WHO DEPEND UPON SOME FORM OF SOCIAL SERVICE SUPPORT TO MEET BASIC NEEDS HAVE BECOME SELF-SUFFICIENT AND ABLE TO MEET THEIR OWN NEEDS, AND ARE THEN WILLING AND ABLE TO LEND A HAND TO THOSE WHO CANNOT YET HELP THEMSELVES. WE HELP RECEIVERS BREAK THE CYCLE OF DEPENDENCY BY SERVING OTHERS, DEVELOPING SKILLS, AND THINKING DIFFERENTLY ABOUT THEIR POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE INITIATIVES WAREHOUSE PROVIDES CLIENTS OF THE MONROE COUNTY DEPARTMENT OF SOCIAL SERVICES AND OF OTHER LOCAL AGENCIES WITH EMERGENCY FURNITURE AND HOUSEHOLD ITEMS, AND MOVING AND STORAGE SERVICES. WE SERVED MORE THAN 1,600 FAMILIES AND INDIVIDUALS IN 2022-23. HOPE INITIATIVES PROVIDES CARPENTRY, WELDING, AND CNC SKILLS EXPERIENCES TO COMMUNITY SERVICE VOLUNTEERS AND OTHERS WITHIN THE GREATER MONROE COUNTY AREA. ALL PROGRAMS AND SERVICES OPERATE 5 DAYS PER WEEK.HOPE INITIATIVES PURCHASES, RENOVATES AND MAINTAINS HOMES TO PROVIDE SUPPLEMENTAL INCOME IN SUPPORT OF OTHER PROGRAM SERVICE AREAS.
THE HOPE WORKS PROGRAM WAS ESTABLISHED IN 2022. IT BUILDS UPON OUR EXPERIENCE IN PROVIDING WORK EXPERIENCES AND COACHING TO W.E.P. PARTICIPANTS FOR MANY YEARS. HOPE WORKS IS A FULL TIME 12-WEEK WORKFORCE DEVELOPMENT PROGRAM DESIGNED TO PREPARE INDIVIDUALS AGES 18+ FOR MEANINGFUL EMPLOYMENT THROUGH EMPLOYABILITY SKILLS TRAINING AND THROUGH HANDS-ON OCCUPATIONAL SKILLS TRAINING IN BASIC WOODWORKING, WELDING, AND CNC MACHINING. UPON TRAINING COMPLETION, PARTICIPANTS ARE CONNECTED WITH EMPLOYER PARTNERS FOR FULL TIME EMPLOYMENT. THE PROGRAM IS DESIGED TO SERVE INDIVIDUALS WHO ARE IN RE-ENTRY FROM INCARCERATION, RECOVERING FROM SUBSTANCE USE DISORDERS, CHRONICALLY UNEMPLOYED, AGE 18 - 24 WHO ARE AT RISK FOR GUN VIOLENCE, OR REFERRED BY THE DEPARTMENT OF SOCIAL SERVICES. IN ITS MORE THAN TWELVE MONTHS OF OPERATION HOPE WORKS HAS ENROLLED 99 INDIVIDUALS, OF WHOM 50% ATTENDED THE PROGRAM AND APPROXIMATELY 20% GAINED EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Sousa-Meixell Board Vice Chairperson | OfficerTrustee | 1 | $0 |
Eric Nagle Board Chairperson | OfficerTrustee | 1 | $0 |
Michael Chen Treasurer - Thru Mar 2023 | OfficerTrustee | 1 | $0 |
George Opira Interim Treasurer - Resigned June 2024 | OfficerTrustee | 1 | $0 |
Herbert Alexander Director At Large - Thru Mar 2023 | Trustee | 1 | $0 |
Lawrence Lewis Director At Large - Thru Mar 2023 | Trustee | 1 | $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 | $144,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,414 |
| Total Program Service Revenue | $917,329 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $46,909 |
| Net Gain/Loss on Asset Sales | $35,815 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,144,472 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,263 |
| Compensation of current officers, directors, key employees. | $111,263 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $302,217 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,272 |
| Payroll taxes | $36,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,112 |
| Advertising and promotion | $7,944 |
| Office expenses | $16,920 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,255 |
| Travel | $911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,396 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,839 |
| Insurance | $47,113 |
| All other expenses | $15,694 |
| Total functional expenses | $1,099,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,512 |
| Savings and temporary cash investments | $101,238 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,411 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,302 |
| Prepaid expenses and deferred charges | $7,310 |
| Net Land, buildings, and equipment | $248,203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $558,976 |
| Accounts payable and accrued expenses | $75,230 |
| Grants payable | $0 |
| Deferred revenue | $8,310 |
| 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 | $228,787 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $312,327 |
| Net assets without donor restrictions | $173,259 |
| Net assets with donor restrictions | $73,390 |
| 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 | $558,976 |