Hope Community Resources Inc
- Assets
- $37.8m
- Revenue
- $44.9m
- Investments
- $228.5k
- Employees
- 908
- Location
- Anchorage, AK
- Founding
- 01/1970
- Data as of
- 06/2020
- EIN
- 92-0036594
Organization Overview
Hope Community Resources Inc is located in Anchorage, AK. The organization was established in 1970. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2021, Hope Community Resources Inc employed 908 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Community Resources 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 06/2020, Hope Community Resources Inc generated $44.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $45.1m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESIDENTIAL, MENTAL HEALTH, AND VOCATIONAL SERVICES TO PEOPLE WHO CHOOSE OUR SUPPORTS THROUGHOUT THE STATE OF ALASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED RESIDENTIAL, VOCATIONAL, AND MENTAL HEALTH SERVICES FOR APPROXIMATELY 600 ALASKANS WITH DEVELOPMENT AND MENTAL HEALTH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Scheller Executive Director Emeritus | 40 | $182,399 | |
Michele Girault Executive Director | Officer | 40 | $149,579 |
William Browner Physician | 40 | $139,559 | |
Chuck Lester Clinical Director | 40 | $137,112 | |
Michael Bailey Deputy Executive Director | 40 | $120,704 | |
Fatoumatta Sanneh Home Alliance Coordinator | 96 | $118,601 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benefit Coordinators Corporation Health Premium/administration | 6/29/21 | $2,252,091 |
Kpmg Llp Accounting | 6/29/21 | $127,300 |
The Echo Group Electronic Healthcare Record System Fees | 6/29/21 | $107,225 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,630,718 |
| Investment income | $54,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $45,951 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,913,802 |
| Statement of Expenses | |
|---|---|
| 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. | $231,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,580,557 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,821,034 |
| Payroll taxes | $2,275,974 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $93,065 |
| Fees for services: Accounting | $275,874 |
| Fees for services: Lobbying | $10,250 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $344,002 |
| Advertising and promotion | $0 |
| Office expenses | $261,200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $746,604 |
| Travel | $318,607 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $810,094 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,988,456 |
| Insurance | $1,226,240 |
| All other expenses | $0 |
| Total functional expenses | $45,051,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,902,994 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | -$15,957 |
| Accounts receivable, net | $3,655,046 |
| 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 | $248,261 |
| Investments—publicly traded securities | $3,578,835 |
| Investments—other securities | $228,501 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,765,855 |
| Accounts payable and accrued expenses | $3,316,850 |
| 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 | $14,076,054 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,392,904 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $20,372,951 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hope Community Resources Inc has recieved totaling $437,790.
| Awarding Organization | Amount |
|---|---|
Rasmuson Foundation Anchorage, AK PURPOSE: REPAIRS AND UPGRADES TO 30 ASSISTED LIVING HOMES | $266,667 |
Rasmuson Foundation Anchorage, AK PURPOSE: REPAIRS AND UPGRADES TO 30 ASSISTED LIVING HOMES IN SOUTHCENTRAL | $133,333 |
Alaska Community Foundation Anchorage, AK | | $27,500 |
Swanson Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Allstate Foundation Northbrook, IL PURPOSE: 2021 GROUP LEGACY PROJECT GRANT - JEFFREY CASE | $2,500 |
Rasmuson Foundation Anchorage, AK PURPOSE: GENERAL SUPPORT | $2,442 |
Endowment Analysis
| Beg. Balance | $2,037,780 |
| Earnings | $507,455 |
| Net Contributions | $73,548 |
| Ending Balance | $2,618,783 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hope Community Resources Inc Anchorage, AK | $37,765,855 | $44,913,802 |
Friends Of Youth Kirkland, WA | $22,592,379 | $16,952,928 |
Excelsior Youth Center Spokane, WA | $19,511,550 | $21,355,241 |
Alaska Childrens Services Inc Anchorage, AK | $26,183,014 | $19,408,759 |
Lake Whatcom Residential & Treatment Center Bellingham, WA | $5,636,186 | $12,250,358 |
Presbyterian Hospitality House Inc Fairbanks, AK | $6,038,372 | $11,165,904 |
Valley Residential Services Walla Walla, WA | $5,466,776 | $10,028,486 |
Secret Harbor Burlington, WA | $2,668,851 | $2,516,973 |
Harmony Hill Of Union Union, WA | $2,630,560 | $964,585 |
Kenai Peninsula Community Care Center Kenai, AK | $688,483 | $1,244,188 |
New Hope Outreach Incorporated Spokane, WA | $273,007 | $632,174 |
Ionia Inc Kasilof, AK | $3,501,661 | $506,243 |