Hope Harbor
- Assets
- $1.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 48
- Location
- Marshall, MN
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 20-0652270
Organization Overview
Hope Harbor is located in Marshall, MN. The organization was established in 2004. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Hope Harbor employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Harbor 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 12/2022, Hope Harbor generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 19.6% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOPE HARBOR IS A PRIVATELY FUNDED NON-PROFIT CHRISTIAN MINISTRY BUILDING STRONG FAMILIES THROUGH A COHESIVE PROGRAM FOCUSED ON FAMILY RESTORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMES THAT PROVIDE A SAFE CHRISTIAN ENVIRONMENT WHERE TEENS CAN OVERCOME THEIR ADVERSITIES AND DEVELOP ACADEMICALLY, SOCIALLY, EMOTIONALLY, AND SPIRITUALLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Doom Vice Chair | Officer | $0 | |
Claudia Stenson Chair | Officer | $0 | |
Benjamin Wiener Treasurer | Officer | $0 | |
John Braland Director | Trustee | $0 | |
Terry Christensen Director | Trustee | $0 | |
Pat Lutterman Director | Trustee | $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 | $859,261 |
| Noncash contributions included in lines 1a–1f | $8,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $859,261 |
| Total Program Service Revenue | $176,319 |
| Investment income | $31,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,384 |
| Net Income from Fundraising Events | $170,125 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,685,509 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $973,073 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $80,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,063 |
| Fees for services: Other | $1,217 |
| Advertising and promotion | $11,664 |
| Office expenses | $2,981 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,425 |
| Travel | $9,236 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,721 |
| Interest | $3,372 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,258 |
| Insurance | $52,157 |
| All other expenses | $23,524 |
| Total functional expenses | $1,324,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $690,996 |
| Savings and temporary cash investments | $36,276 |
| Pledges and grants receivable | $64,000 |
| Accounts receivable, net | $20,350 |
| 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 | $10,786 |
| Net Land, buildings, and equipment | $596,558 |
| Investments—publicly traded securities | $402,584 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,666 |
| Total assets | $1,827,216 |
| Accounts payable and accrued expenses | $16,157 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $164,861 |
| Total liabilities | $181,018 |
| Net assets without donor restrictions | $1,527,496 |
| Net assets with donor restrictions | $118,702 |
| 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 | $1,827,216 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hope Harbor has recieved totaling $131,456.
| Awarding Organization | Amount |
|---|---|
Kingdom Capital Fund Sioux Falls, SD PURPOSE: GENERAL PURPOSE | $50,000 |
The Stenson Family Foundation Rochester, MN PURPOSE: CHARITABLE PURPOSES | $50,000 |
Carr Fam Foundation Marshall, MN PURPOSE: CHARITABLE PURPOSE | $31,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $456 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Homestead At Rochester Inc Eden Prairie, MN | $84,661,096 | $19,652,604 |
Jeremiah Program Minneapolis, MN | $39,745,824 | $13,376,447 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
Habitat For Humanity International Inc Des Moines, IA | $24,118,438 | $12,529,342 |
Community Housing Resources Minneapolis, MN | $41,679,341 | $15,920,162 |
Home And Community Options Inc Winona, MN | $11,542,509 | $9,788,629 |
Phm New Richmond Senior Housing Inc Roseville, MN | $18,158,628 | $8,376,438 |
Greater Minnesota Housing Fund St Paul, MN | $209,115,546 | $19,170,053 |
American Indian Community Development Corporation Minneapolis, MN | $37,892,319 | $10,832,403 |
Habitat For Humanity International Inc Madison, WI | $16,210,690 | $8,401,610 |
Phw Menomonee Falls Inc Roseville, MN | $45,125,918 | $7,810,658 |