Hope Homes Foundation Inc
- Assets
- $3.6m
- Revenue
- $891.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Stow, OH
- Founding
- 03/1984
- Data as of
- 12/2021
- EIN
- 34-1411370
Organization Overview
Hope Homes Foundation Inc is located in Stow, OH. The organization was established in 1984. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2021, Hope Homes Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Homes Foundation 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 Homes Foundation Inc generated $891.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $427.4k during the year ending 12/2021. While expenses have increased by 5.4% 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
TO PROVIDE ACCESSIBLE AND AFFORDABLE HOUSING TO PERSONS WITH DEVELOPMENTAL DISABILITIES AND OTHERS WITH SPECIAL NEEDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ACCESSIBLE AND AFFORDABLE HOUSING TO PERSONS WITH DEVELOPMENTAL DISABILITIES AND OTHERS WITH SPECIAL NEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Herrera Executive Di | Officer | 40 | $90,000 |
Robert Lee President | OfficerTrustee | 2 | $0 |
Kael Campbell Treasurer | OfficerTrustee | 2 | $0 |
Hollie Ashworth Secretary | OfficerTrustee | 2 | $0 |
Paul Kiewit President Em | Trustee | $0 | |
Hector Gonzalez Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $210,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $302,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $513,524 |
| Total Program Service Revenue | $392,806 |
| Investment income | $1,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,900 |
| Net Income from Fundraising Events | $1,757 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $891,692 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $67,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,313 |
| Pension plan accruals and contributions | $4,311 |
| Other employee benefits | $6,613 |
| Payroll taxes | $13,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,179 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,160 |
| Advertising and promotion | $0 |
| Office expenses | $8,362 |
| Information technology | $8,347 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,060 |
| Interest | $36,795 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,331 |
| Insurance | $23,136 |
| All other expenses | $5,330 |
| Total functional expenses | $427,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,451 |
| Savings and temporary cash investments | $105,306 |
| Pledges and grants receivable | $4,312 |
| Accounts receivable, net | $1,073 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,913 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,980 |
| Net Land, buildings, and equipment | $3,311,283 |
| Investments—publicly traded securities | $27,085 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $881 |
| Other assets | $16,281 |
| Total assets | $3,560,565 |
| Accounts payable and accrued expenses | $4,679 |
| 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 | $241,280 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,340 |
| Total liabilities | $264,299 |
| Net assets without donor restrictions | $2,914,448 |
| Net assets with donor restrictions | $381,818 |
| 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 | $3,560,565 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Homes Foundation Inc has recieved totaling $10,796.
| Awarding Organization | Amount |
|---|---|
Ohio Community Development Finance Fund Columbus, OH PURPOSE: PREDEVELOPMENT | $10,796 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allied Health Care Services Clarks Summit, PA | $64,082,428 | $72,290,835 |
Buckeye Ranch Grove City, OH | $52,523,955 | $52,506,935 |
Champaign Residential Services Inc Urbana, OH | $32,789,817 | $40,282,333 |
Koinonia Homes Inc Independence, OH | $28,526,535 | $37,892,187 |
Spectrum Community Services Westland, MI | $14,825,808 | $33,552,520 |
Horizon House Development Service Inc Philadelphia, PA | $8,157,409 | $30,701,398 |
Good Shepherd Long-Term Care Facility Allentown, PA | $41,130,787 | $25,803,983 |
Verland Foundation Inc Sewickley, PA | $17,047,927 | $25,716,770 |
Living Alternatives For The Developmentally Disabled Inc Dowagiac, MI | $6,575,914 | $26,131,876 |
Columbus Center For Human Services Inc Columbus, OH | $12,984,481 | $25,350,121 |
Sunshine Inc Residential And Support Services Maumee, OH | $20,313,876 | $30,237,496 |
Gateways To Better Living Inc Youngstown, OH | $7,271,771 | $25,029,491 |