Hope Of Buffalo Inc
- Assets
- $2.4m
- Revenue
- $1.4m
- Investments
- $865.1k
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 08/1978
- Data as of
- 12/2021
- EIN
- 16-1306559
Organization Overview
Hope Of Buffalo Inc is located in Buffalo, NY. The organization was established in 1978. According to its NTEE Classification (I43) the organization is classified as: Inmate Support, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Of Buffalo 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 12/2021, Hope Of Buffalo Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. 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 STRENGTHEN COMMUNITIES, BY REBUILDING THE LIVES OF THE INDIVIDUALS AND FAMILIES AFFECTED BY THE CRIMINAL JUSTICE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1987, PPWNY HAS BEEN COMMITTED TO PROVIDING COMPREHENSIVE REENTRY SERVICES THAT PROMOTE SOCIAL JUSTICE AND EQUITY. WE RECOGNIZE THAT NO TWO INDIVIDUALS ARE THE SAME, AND THAT CIRCUMSTANCES, ABILITIES, AND NEEDS OF THE PEOPLE WE HELP VARY GREATLY. SERVICES INCLUDE TRANSITIONAL, SUPPORTIVE, AND INDEPENDENT HOUSING, INTENSIVE CASE MANAGEMENT, YOUTH PROGRAMMING. AMONG OTHERS, DESIGNED TO EMPOWER AND EQUIP RETURNING CITIZENS WITH THE TOOLS NECESSARY TO TRANSFORM THEIR LIVES AND RECLAIM THEIR STAKE AS CONTRIBUTING MEMBERS OF OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindi Mceachon Chief Executive Officer | Officer | 40 | $85,289 |
Timothy Hogues Secretary | OfficerTrustee | 1 | $0 |
Christopher Costanzo Chair | OfficerTrustee | 1 | $0 |
Ryan Caster Treasurer | OfficerTrustee | 1 | $0 |
Dr Rolanda L Ward Director | Trustee | 1 | $0 |
Blair Bedgood Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,000 |
| Related organizations | $0 |
| Government grants | $787,039 |
| All other contributions, gifts, grants, and similar amounts not included above | $418,252 |
| Noncash contributions included in lines 1a–1f | $11,810 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,220,291 |
| Total Program Service Revenue | $105,784 |
| Investment income | $18,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,051 |
| Net Income from Fundraising Events | -$3,235 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,396,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $85,289 |
| Compensation of current officers, directors, key employees. | $34,172 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $655,363 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,697 |
| Payroll taxes | $68,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $238,662 |
| Advertising and promotion | $0 |
| Office expenses | $22,821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,701 |
| Travel | $6,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,870 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $119,590 |
| Insurance | $7,415 |
| All other expenses | $35,453 |
| Total functional expenses | $1,357,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,014 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $115,873 |
| 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 | $2,515 |
| Net Land, buildings, and equipment | $957,871 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $865,062 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,369,335 |
| Accounts payable and accrued expenses | $50,232 |
| Grants payable | $0 |
| Deferred revenue | $114,981 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,264 |
| Total liabilities | $186,477 |
| Net assets without donor restrictions | $1,818,384 |
| Net assets with donor restrictions | $364,474 |
| 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 | $2,369,335 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Hope Of Buffalo Inc has recieved totaling $133,210.
| Awarding Organization | Amount |
|---|---|
Mother Cabrini Health Foundation New York, NY PURPOSE: PROJECT BLUE | $77,640 |
Feedmore Western New York Inc Buffalo, NY PURPOSE: PROGRAM EXPENSES | $19,496 |
Margaret L Wendt Foundation Buffalo, NY PURPOSE: AVAILABLE UPON REQUEST | $18,500 |
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE | $15,000 |
Molina Healthcare Charitable Foundation Wilmington, DE PURPOSE: HYGIENE FUNDS AND GENERAL & UNRESTRICTED | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $74 |
Endowment Analysis
| Beg. Balance | $343,474 |
| Earnings | $90,268 |
| Other Expense | $90,268 |
| Ending Balance | $343,474 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Model Offender Reintegration Experience Inc New Haven, CT | $8,541,176 | $9,312,007 |
Prisoners Legal Services Of New York Inc Albany, NY | $3,670,067 | $6,445,702 |
Getting Out And Staying Out Inc New York, NY | $3,608,424 | $5,906,426 |
Children Of Promise Nyc Brooklyn, NY | $3,600,375 | $5,718,396 |
Youth Represent Inc New York, NY | $2,575,442 | $2,935,179 |
The Petey Greene Program Inc Princeton, NJ | $1,407,921 | $1,710,125 |
Hope Of Buffalo Inc Buffalo, NY | $2,369,335 | $1,396,279 |
Alliance Of Families For Justice New York, NY | $1,011,042 | $1,591,170 |
Pennsylvania Innocence Project Philadelphia, PA | $2,009,245 | $1,441,550 |
Pre-Trial Services Corp Rochester, NY | $899,964 | $1,330,282 |
Sleighton School Elwyn, PA | $1,948,768 | $5,891,646 |
Thrive For Life Prison Project Inc New York, NY | $620,606 | $913,630 |