Cy-Hope Inc
- Assets
- $749.3k
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 20
- Location
- Cypress, TX
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 82-5013278
Organization Overview
Cy-Hope Inc is located in Cypress, TX. The organization was established in 2019. As of 12/2021, Cy-Hope Inc employed 20 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cy-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 12/2021, Cy-Hope Inc generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A LONG-TERM RECOVERY ORGANIZATION HELPING INDIVIDUAL AND FAMILY IN THE COMMUNITY TO RECOVER FROM DISASTER. HOPE DISASTER RECOVERY SHARES CY-HOPE'S PURPOSE INCLUDING, BUT NOT LIMITED TO MAKING LIFE BETTER FOR THE CHILDREN OF CY-FAIR. FOCUSHELPING THOSE WHO ARE MOST VULNERABLE AND UNDER-RESOURCED. SCOPE- DISASTER CASE MANAGEMENT- REPAIR AND REBUILD- EMOTIONAL AND SPIRITUAL CARE- CONGREGATIONAL DISASTER PREPAREDNESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME REPAIR PROGRAM: HDR SPENT $1,043,600 ON REPAIRING 256 HOMES TO SERVE 768 PEOPLE. FAMILY ASSISTANCE:HDR PROVIDES RENTAL AND MORTGAGE ASSISTANCE, UTILITIES, CLOTHING, FOOD, AND PRESCRIPTION MEDICATION ASSISTANCE. HDR PROVIDED RENT PAYMENTS FOR 1,600 FAMILIES, STAVING OFF EVICTION FOR SOME.HDR DISTRIBUTED OVER $400,000 WORTH OF ITEMS SUCH AS: HOMELESS HYGIENE PACKS, FACEMASKS, FOOD, SCHOOL SUPPLIES, COVID TESTS, HAND SANITIZERS, AND SANITIZING WIPESHDR'S COVID-19 VACCINES FOR ALL PROGRAM FOCUSED ON THOSE INDIVIDUALS WHO DO NOT NORMALLY HAVE EASY ACCESS TO VACCINES. HDR HELD OVER 135 EVENTS IN 4 COUNTIES.HDR DISTRIBUTED ALMOST $300,000 WORTH OF HOUSEHOLD APPLIANCES AND GOODS FOR RELIEF IN 8 COUNTIES.HDR DISTRIBUTED OVER 21 LARGE TRUCKS OF FOOD/SUPPLIES FOR HURRICANE IDA RELIEF IN LOUISIANA WHERE OVER 50 CONGREGATIONS IN EAST TEXAS PARTICIPATED.TRAINING PROGRAM: HDR TRAINED OVER 1,900 PARTICIPANTS FOR OVER 3,400 HOURS ON DISASTER RESPONSE AND RECOVERY BEST PRACTICES.TOTAL NUMBER OF PEOPLE SERVED IN 2021 = 7,741
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Godfrey Hubert Founder & Executive Director | OfficerTrustee | 39 | $30,600 |
Benny Agosto Jr President | OfficerTrustee | 1 | $0 |
Jeff Hunt Vice President | OfficerTrustee | 1 | $0 |
Ann Aguilar Secretary | OfficerTrustee | 1 | $0 |
Kerry Roper Treasurer | OfficerTrustee | 1 | $0 |
Chris Hall Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vcltrg Home Repair Services | 12/30/21 | $118,500 |
Harden Enterprise Services Llc Construction | 12/30/21 | $388,532 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $857,479 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,952,169 |
| Noncash contributions included in lines 1a–1f | $360,084 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,809,648 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,809,648 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,839,166 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,000 |
| Compensation of current officers, directors, key employees. | $15,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $543,172 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $54,084 |
| 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 | $19,200 |
| Advertising and promotion | $28,992 |
| Office expenses | $9,523 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,190 |
| 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 | $7,478 |
| Insurance | $9,224 |
| All other expenses | $0 |
| Total functional expenses | $2,639,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,167 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,095 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,980 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $38,585 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $209,479 |
| Total assets | $749,306 |
| Accounts payable and accrued expenses | $69,824 |
| 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 | $0 |
| Total liabilities | $69,824 |
| Net assets without donor restrictions | $453,426 |
| Net assets with donor restrictions | $226,056 |
| 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 | $749,306 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cy-Hope Inc has recieved totaling $811,750.
| Awarding Organization | Amount |
|---|---|
St Bernard Project Inc New Orleans, LA PURPOSE: HOME REPAIR/BUILDING FOR THE ECONOMICALLY DISADVANTAGED | $461,750 |
United Way Of Greater Houston Houston, TX PURPOSE: Disaster | $200,000 |
Greater Houston Community Foundation Houston, TX PURPOSE: HUMAN SERVICES | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kirk Humanitarian Salt Lake City, UT | $3,740,895 | $18,227,954 |
Leavenworth-Jefferson Electric Cooperative Inc Topeka, KS | $0 | $20,178,550 |
Association Of Former Students Of Texas A & M University College Station, TX | $202,537,498 | $46,927,604 |
Rush Care Inc Meridian, MS | $36,015,536 | $16,929,322 |
Parking Facilities Corporation New Orleans, LA | $111,215,099 | $14,747,604 |
Salt Lake Legal Defender Association Salt Lake City, UT | $36,357,529 | $22,046,436 |
Coahoma Electric Power Assn Lyon, MS | $50,480,063 | $20,605,799 |
Dallas Arboretum & Botanical Dallas, TX | $108,730,665 | $21,414,580 |
Tulsa Educare Inc Tulsa, OK | $26,958,930 | $20,318,102 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Workforce Solutions For South Texas Laredo, TX | $2,166,011 | $19,867,882 |
Chicot Memorial Medical Center Lake Village, AR | $20,694,512 | $22,104,345 |