Hope For Tomorrow Inc
- Assets
- $377.8k
- Revenue
- $540.3k
- Investments
- $2.9k
- Employees
- 5
- Location
- Aurora, IL
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 36-4481458
Organization Overview
Hope For Tomorrow Inc is located in Aurora, IL. The organization was established in 2002. According to its NTEE Classification (I40) the organization is classified as: Rehabilitation Services for Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Hope For Tomorrow Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope For Tomorrow 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 12/2023, Hope For Tomorrow Inc generated $540.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $585.9k during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOBER RESIDENTIAL LIVING, DUI EVALUATIONS AND DUI RISK EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING STRUCTURED, SOBER, SUPPORTIVE RESIDENTIAL QUARTERS TO INDIVIDUALS IN EARLY RECOVERY FROM THE DISEASES OF SUBSTANCE ABUSE, CHEMICAL DEPENDENCE, AND/OR COMPULSIVE PATHOLOGICAL GAMBLING. IN ADDITION, HOPE FOR TOMORROW, INC(HFT) PROVIDES LEVEL I/II OUTPATIENT ALCOHOL/DRUG TREATMENT TO ADOLESCENTS AND ADULTS, ALONG WITH DUI EVALUATIONS/REMEDIAL EDUCATION AND CRISIS INTERVENTION. APPROX 96-98% OF HFT CLIENTS ARE INDIGENT AND HOMELESS-LACKING FINANCIAL RESOURCES AND SAFE, SOBER LIVING QUARTERS. RESIDENTIAL CLIENTS SERVED ANUALLY(MEDIAN-78).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Pancake Director/secretary | OfficerTrustee | 3 | $0 |
Ronald Niemer Director/treasurer | OfficerTrustee | 3 | $0 |
John Bush Director | Trustee | 3 | $0 |
Bryan Lundeen Director/chairman | OfficerTrustee | 3 | $0 |
Steve Depauw Director | Trustee | 3 | $0 |
Jeffrey S Gilbert President/exec/clinic | Officer | 60 | $123,086 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $333,841 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $453,835 |
| Total Program Service Revenue | $85,256 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,229 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $540,320 |
| 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. | $290,376 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $812 |
| Office expenses | $4,930 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,969 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,910 |
| Insurance | $0 |
| All other expenses | $37,245 |
| Total functional expenses | $585,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,818 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,662 |
| 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 | $337,189 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,850 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,272 |
| Total assets | $377,791 |
| Accounts payable and accrued expenses | $8,050 |
| 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 | $35,639 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $267,892 |
| Total liabilities | $311,581 |
| Net assets without donor restrictions | $66,210 |
| 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 | $377,791 |