Ray Of Hope Inc
- Assets
- $1.7m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 71
- Location
- Cumberland, MD
- Founding
- 06/1989
- Data as of
- 06/2022
- EIN
- 52-1564792
Organization Overview
Ray Of Hope Inc is located in Cumberland, MD. The organization was established in 1989. 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 06/2022, Ray Of Hope Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ray 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, Ray Of Hope Inc generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $4.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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
THE DEVELOPMENT AND MANAGEMENT OF RESIDENTIAL AND SUPPORT SERVICES FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESIDENTIAL SERVICE FOR 23 DEVELOPMENTALLY DISABLED INDIVIDUALS FOR 8,234 DAYS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Dillman Vice-Preside | OfficerTrustee | 1 | $0 |
William Thompson President | OfficerTrustee | 1 | $0 |
Krista Thompson Secretary | OfficerTrustee | 1 | $0 |
Leon Dillman Director | Trustee | 1 | $0 |
Agnes Mash Director | Trustee | 1 | $0 |
Mike Twigg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,884,596 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,885,933 |
| Total Program Service Revenue | $114,936 |
| Investment income | $900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,978 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,031,289 |
| 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 | $2,944,335 |
| Pension plan accruals and contributions | $52,134 |
| Other employee benefits | $253,987 |
| Payroll taxes | $253,479 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,200 |
| Fees for services: Accounting | $25,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,494 |
| Advertising and promotion | $213 |
| Office expenses | $43,654 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $211,431 |
| Travel | $28,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,468 |
| Insurance | $53,104 |
| All other expenses | $0 |
| Total functional expenses | $4,060,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,065,631 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $85,530 |
| Net Land, buildings, and equipment | $536,751 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,687,912 |
| Accounts payable and accrued expenses | $314,101 |
| 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 | $202,545 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,986 |
| Total liabilities | $522,632 |
| Net assets without donor restrictions | $1,165,280 |
| 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 | $1,687,912 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ray Of Hope Inc has recieved totaling $49.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $49 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Verland Cla Sewickley, PA | $13,179,634 | $19,325,762 |
Fitzmaurice Community Services Inc Stroudsburg, PA | $10,530,361 | $14,451,347 |
Dove Pointe Residential Services Inc Salisbury, MD | $19,042,540 | $17,851,870 |
Institute For Human Resources & Services Kingston, PA | $7,460,112 | $13,689,904 |
Community Living Care Inc Greensburg, PA | $13,958,165 | $14,115,218 |
Bethesda Childrens Home Lutheran Social Services Meadville, PA | $6,009,186 | $14,313,738 |
Futures Community Support Services Inc Towanda, PA | $5,563,790 | $12,757,036 |
Perseus House Inc Erie, PA | $9,392,278 | $11,094,110 |
Community Living Inc Frederick, MD | $8,342,495 | $12,502,676 |
Jackson Feild Homes Incorporated Jarratt, VA | $3,320,402 | $10,783,518 |
Behavioral Research Association Inc Fort Washington, MD | $4,204,669 | $8,727,728 |
Cambria Residential Services Johnstown, PA | $10,295,519 | $8,835,197 |