Hopes Community Action Partnership Incorporated
- Assets
- $25.1m
- Revenue
- $24.2m
- Investments
- $0.0
- Employees
- 390
- Location
- Hoboken, NJ
- Founding
- 04/1967
- Data as of
- 03/2022
- EIN
- 22-1801849
Organization Overview
Hopes Community Action Partnership Incorporated is located in Hoboken, NJ. The organization was established in 1967. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2022, Hopes Community Action Partnership Incorporated employed 390 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopes Community Action Partnership 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 03/2022, Hopes Community Action Partnership Incorporated generated $24.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $22.8m during the year ending 03/2022. While expenses have increased by 7.6% per year over the past 7 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
TO PROVIDE COMMUNITY SERVCIES THAT RESPOND TO THE SOCIAL,EDUCATIONAL AND TRAINING NEEDS OF INDIVIDUALS IN AN EFFORT TO OVERCOME BARRIERS AND
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EARLY CHILDHOOD EDUCATION SERVICES TO APPROXIMATELY 1,300 CHILDREN UDNER THE FEDERAL HEAD START AND ABBOTT PRESCHOOL AND UNIVERSAL PRE-K PROGRAMS.
PROVIDED SERIVICES BENEFITING APPROXIMATELY 3,200 INCOME ELIGIBLE RESIDENTS IN THE CITIES OF HOBOKEN, PLAINFIELD AND SOMERSET NEW JERSEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simona Ovanezian President CEO | Officer | 35 | $208,223 |
Yvrose Augustin Vice President CFO | Officer | 35 | $183,938 |
Joselyn Estevez Dir Of Child And Family Programs | Officer | 35 | $168,799 |
Suzanne Hetman Board Secretary | OfficerTrustee | 3 | $0 |
Frank Raia Board Chair | OfficerTrustee | 5 | $0 |
Dr Sara Kalambur Board Vice Chair | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jessica Palencia Consulting Services | 3/30/22 | $125,779 |
Ora Welch Senior Consulting Services | 3/30/22 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,746,770 |
| All other contributions, gifts, grants, and similar amounts not included above | $777,407 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,524,177 |
| Total Program Service Revenue | $484,237 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $187,642 |
| 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 | $24,208,629 |
| 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. | $584,358 |
| Compensation of current officers, directors, key employees. | $415,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,987,579 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,735,756 |
| Payroll taxes | $1,175,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,208 |
| Fees for services: Accounting | $43,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $431,763 |
| Advertising and promotion | $0 |
| Office expenses | $597,596 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $992,295 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $142,051 |
| Interest | $260,326 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $662,526 |
| Insurance | $192,804 |
| All other expenses | $0 |
| Total functional expenses | $22,765,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,283,937 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $262,394 |
| Accounts receivable, net | $905,706 |
| 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 | $632,136 |
| Net Land, buildings, and equipment | $16,973,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,058,059 |
| Accounts payable and accrued expenses | $1,463,732 |
| Grants payable | $0 |
| Deferred revenue | $593,725 |
| 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 | $8,500,397 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $108,162 |
| Total liabilities | $10,666,016 |
| Net assets without donor restrictions | $14,392,043 |
| Net assets with donor restrictions | $0 |
| 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 | $25,058,059 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hopes Community Action Partnership Incorporated has recieved totaling $16,528.
| Awarding Organization | Amount |
|---|---|
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: HUNGER | $10,000 |
United Way Of Northern New Jersey Inc Cedar Knolls, NJ PURPOSE: FUNDED PARTNER DISTRIBUTION | $6,341 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $187 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |
National Council For Community Development Inc Brooklyn, NY | $24,193,687 | $38,165,020 |
The Community Action Organization Of Western New York Inc Buffalo, NY | $11,956,609 | $31,001,421 |
The Mayors Fund To Advance New York City New York, NY | $28,518,749 | $18,611,480 |
Hopes Community Action Partnership Incorporated Hoboken, NJ | $25,058,059 | $24,208,629 |
Blueprints Washington, PA | $9,542,152 | $23,150,876 |
Community Development Corporation Of Long Island Inc Centereach, NY | $19,901,766 | $19,933,485 |
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |