Hope And Comfort Inc
- Assets
- $3.4m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Needham, MA
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 45-1329518
Organization Overview
Hope And Comfort Inc is located in Needham, MA. The organization was established in 2011. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Hope And Comfort Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope And Comfort 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 And Comfort Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. 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 AND COMFORT DISTRIBUTES ESSENTIAL HYGIENE PRODUCTS TO SUPPORT AND IMPROVE THE HEALTH, SELF ESTEEM AND HYGIENE EDUCATION OF SCHOOL-AGED CHILDREN, FAMILIES AND ADULTS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTED ESSENTIAL HYGIENE PRODUCTS TO SUPPORT AND IMPROVE THE HEALTH, SELF ESTEEM AND HYGIENE EDUCATION OF SCHOOL-AGED CHILDREN, FAMILIES AND ADULTS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Mattleman Executive Di | Officer | 30 | $85,840 |
Ryan Debin Director | Trustee | 2.5 | $0 |
Loren Feingold Director | Trustee | 2.5 | $0 |
Ezra Levine Director | Trustee | 2.5 | $0 |
Cheryl Schondek Director | Trustee | 2.5 | $0 |
Towma Rastad Director | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,456,192 |
| Noncash contributions included in lines 1a–1f | $2,114,411 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,456,192 |
| Total Program Service Revenue | $0 |
| Investment income | $6,946 |
| 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 | $3,501,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,061,039 |
| 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. | $85,840 |
| Compensation of current officers, directors, key employees. | $4,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,457 |
| Pension plan accruals and contributions | $12,130 |
| Other employee benefits | $9,575 |
| Payroll taxes | $17,600 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,844 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,765 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,821 |
| Insurance | $2,683 |
| All other expenses | $20,047 |
| Total functional expenses | $2,346,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $747,491 |
| Savings and temporary cash investments | $978,415 |
| Pledges and grants receivable | $0 |
| 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 | $1,086,275 |
| Prepaid expenses and deferred charges | $208,125 |
| Net Land, buildings, and equipment | $5,299 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $234,249 |
| Intangible assets | $0 |
| Other assets | $140,769 |
| Total assets | $3,400,623 |
| Accounts payable and accrued expenses | $594 |
| 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 | $129,083 |
| Total liabilities | $129,677 |
| Net assets without donor restrictions | $2,999,000 |
| Net assets with donor restrictions | $271,946 |
| 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 | $3,400,623 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hope And Comfort Inc has recieved totaling $4,500.
| Awarding Organization | Amount |
|---|---|
Mutual One Charitable Foundation Framingham, MA PURPOSE: GENERAL SUPPORT | $3,000 |
The Barr Fund Chicago, IL PURPOSE: GENERAL FUND | $1,500 |
Endowment Analysis
| Beg. Balance | $163,272 |
| Earnings | $40,762 |
| Net Contributions | $30,215 |
| Ending Balance | $234,249 |
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Stephen C Rose Legacy Foundation Providence, RI | $6,157,698 | $4,241,794 |
Support-Link Inc Queensbury, NY | $1,296,212 | $2,954,420 |
Kingston Self-Help Center Inc Dba Peoples Place Kingston, NY | $3,102,092 | $3,078,211 |
Hope And Comfort Inc Needham, MA | $3,400,623 | $3,501,015 |
Ved Vignan Mahavidyapeeth Nashua, NH | $46,849,489 | $7,938,008 |