Community Of Hope Inc
- Assets
- $530.0k
- Revenue
- $136.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Gales Ferry, CT
- Founding
- 09/2006
- Data as of
- 06/2022
- EIN
- 26-0109933
Organization Overview
Community Of Hope Inc is located in Gales Ferry, CT. The organization was established in 2006. According to its NTEE Classification (I31) the organization is classified as: Half-Way Houses for Offenders & Ex-Offenders, 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. Community Of Hope 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 06/2022, Community Of Hope Inc generated $136.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $109.1k during the year ending 06/2022. While expenses have increased by 13.0% 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 SUPPORT, EDUCATION, AND REHABILITATION SERVICES TO QUALIFIED HOMELESS CITIZENS TO GIVE THEM THE OPPORTUNITY TO RE-ENTER SOCIETY AS CONTRIBUTING MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORTING, EDUCATIONAL, AND REHABILITATION SERVICES TO QUALIFIED HOMELESS CITIZENS TO GIVE THEM THE OPPORTUNITY TO RE-ENTER SOCIETY AS CONTRIBUTING MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annette Eldridge Executive Director | Officer | 10 | $30,947 |
Faith Claspell Secretary | Officer | 10 | $21,963 |
Robin Watrous Chairman | Officer | 5 | $0 |
Julie Brousseau Vice Chairman | Officer | 2 | $0 |
Leslie Carpenter Board Member | Officer | 2 | $0 |
Jenifer Fasano Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,260 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,934 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,194 |
| Total Program Service Revenue | $35,630 |
| Investment income | $766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $136,590 |
| 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. | $57,624 |
| Compensation of current officers, directors, key employees. | $57,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,400 |
| Advertising and promotion | $1,530 |
| Office expenses | $9,911 |
| Information technology | $2,971 |
| Royalties | $0 |
| Occupancy | $9,388 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,140 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,910 |
| Insurance | $6,669 |
| All other expenses | $0 |
| Total functional expenses | $109,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,897 |
| Savings and temporary cash investments | $32,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125 |
| 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 | $0 |
| Net Land, buildings, and equipment | $390,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $530,027 |
| Accounts payable and accrued expenses | $0 |
| 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 | $121,244 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $121,244 |
| Net assets without donor restrictions | $0 |
| 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 | $408,783 |
| Total liabilities and net assets/fund balances | $530,027 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Community Of Hope Inc has recieved totaling $30,438.
| Awarding Organization | Amount |
|---|---|
American Academy Of Pediatric Dentistry Foundation Chicago, IL PURPOSE: ACCESS DENTAL CARE | $18,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,992 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $3,921 |
Benson P Blake Char Tr C O Tua Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $1,500 |
Pfizer Foundation Inc New York, NY PURPOSE: VOLUNTEER PROGRAM | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spiritus Christi Prison Outreach Inc Rochester, NY | $1,355,448 | $1,777,337 |
Saving Grace Ministries Inc Williamsville, NY | $4,040,442 | $1,183,154 |
Dismas House Of Massachusetts Inc Worcester, MA | $2,937,251 | $1,073,991 |
Fhm Services Inc Groton, CT | $18,425 | $898,805 |
414-418 East 119th Street Greenhope Housing Development Fund Corp New York, NY | $2,036,606 | $9,961 |
Opening Heavens Door Ministries Providence, RI | $0 | $64,061 |
Community Of Hope Inc Gales Ferry, CT | $530,027 | $136,590 |
Hour House Boston Incorporated Mattapan, MA | $0 | $5,594 |
Genesis Transitional Housing Ministries Inc Hollis, NY | $6,300 | $0 |
House Of Grace Ministries Inc Danbury, CT | $251,925 | $0 |
Boston Release Network Prides Crossing, MA | $17,700 | $0 |
Trinity Community Development Andempowerment Group Inc Jamaica, NY | -$13,755 | $6,390 |