Hope For Life Inc
- Assets
- $257.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cheshire, CT
- Founding
- 11/1988
- Data as of
- 12/2023
- EIN
- 06-1207213
Organization Overview
Hope For Life Inc is located in Cheshire, CT. The organization was established in 1988. According to its NTEE Classification (P45) the organization is classified as: Family Services for Adolescent Parents, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope For Life 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, Hope For Life Inc generated $183.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $168.6k during the year ending 12/2023. While expenses have increased by 29.5% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Bennett President | 2 | $0 | |
Darlene Passapera Executive Director | 40 | $23,762 | |
Joe Laskowski Vice President | 2 | $0 | |
Henrietta Else Board Secretary | 2 | $0 | |
Michael Lorenzo Treasurer | 2 | $0 | |
Keith Brilliant Public Relations Director | 10 | $4,061 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,100 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,441 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $450 |
| Total Revenue | $182,991 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $97,532 |
| Professional fees and other payments to independent contractors | $5,764 |
| Occupancy, rent, utilities, and maintenance | $21,152 |
| Printing, publications, postage, and shipping | $12,613 |
| Other expenses | $31,509 |
| Total expenses | $168,570 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $246,521 |
| Other assets | $0 |
| Total assets | $257,021 |
| Total liabilities | $8,374 |
| Net assets or fund balances | $248,647 |