Hope Rescue Mission Of The City Of Reading Pa
- Assets
- $7.0m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 69
- Location
- Reading, PA
- Founding
- 01/1943
- Data as of
- 12/2021
- EIN
- 23-1413677
Organization Overview
Hope Rescue Mission Of The City Of Reading Pa is located in Reading, PA. The organization was established in 1943. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Hope Rescue Mission Of The City Of Reading PA employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Rescue Mission Of The City Of Reading PA 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 Rescue Mission Of The City Of Reading PA generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 13.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOPE RESCUE MISSION PROVIDES FOR THE PHYSICAL, EMOTIONAL AND SPIRITUAL NEEDS OF THE HOMELESS MEN OF BERKS COUNTY TO SHARE THE LIFE-CHANGING MESSAGE OF THE GOSPEL WITH THE HOPE OF SEEING THEM RESTORED TO A PRODUCTIVE LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OFFERS FOOD, CLOTHING AND SHELTER, IN ADDITION TO EDUCATION & WORK DEVELOPMENT PROGRAMS TO THE HOMELESS MEN OF READING AND BERKS COUNTY. PROVIDING SPIRITUAL TRANFORMATION THROUGH DISCIPLESHIP, CHURCH ATTENDANCE, BIBLE STUDY AND PRAYER MEETINGS. FACILITATE JOB TRAINING AND PLACEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Turchi Executive Di | 40 | $148,608 | |
John Sallade Secretary | Officer | 2 | $0 |
James Smith Vice Preside | Officer | 2 | $0 |
Steve Essig Treasurer | Officer | 2 | $0 |
David H Roland Director | Trustee | 1 | $0 |
Leonard D'addesi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $560,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,538,828 |
| Noncash contributions included in lines 1a–1f | $6,040 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,098,828 |
| Total Program Service Revenue | $229,665 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$455 |
| Net Income from Fundraising Events | $64,499 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $135,657 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,556,137 |
| 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 | $889,716 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $74,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,340 |
| Fees for services: Accounting | $23,504 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,716 |
| Advertising and promotion | $29,214 |
| Office expenses | $48,559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $301,229 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,449 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,710 |
| Insurance | $26,005 |
| All other expenses | $15,182 |
| Total functional expenses | $1,659,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,208,549 |
| Savings and temporary cash investments | $148,582 |
| Pledges and grants receivable | $585,794 |
| 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 | $151,001 |
| Prepaid expenses and deferred charges | $2,576 |
| Net Land, buildings, and equipment | $2,739,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,180,558 |
| Total assets | $7,016,472 |
| Accounts payable and accrued expenses | $50,085 |
| 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 | $0 |
| Total liabilities | $50,085 |
| Net assets without donor restrictions | $3,232,998 |
| Net assets with donor restrictions | $3,733,389 |
| 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 | $7,016,472 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hope Rescue Mission Of The City Of Reading Pa has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Gulati Family Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $1,000 |
Gulati Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ali Forney Center New York, NY | $7,623,264 | $19,818,161 |
Jericho Project New York, NY | $18,950,420 | $17,611,803 |
Lifting Up Westchester Inc White Plains, NY | $11,378,064 | $11,870,807 |
Shelterhouse Volunteer Group Cincinnati, OH | $26,369,739 | $9,497,245 |
Faith Mission Inc Worthington, OH | $14,023,836 | $10,130,756 |
Sheltered Inc Springfield, OH | $1,726,715 | $7,968,914 |
St Christophers Inn Inc Garrison, NY | $7,329,399 | $7,259,618 |
Bethany House Services Inc Cincinnati, OH | $21,282,527 | $10,582,813 |
Rescue Mission Of Utica Inc Utica, NY | $9,177,377 | $6,677,348 |
Family Promise Inc Summit, NJ | $7,678,924 | $6,508,376 |
York Union Rescue Mission Inc York, PA | $4,203,301 | $6,244,380 |
Opportunity House Reading, PA | $5,953,825 | $7,820,343 |