We Hope
- Assets
- $5.2m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 136
- Location
- East Palo Alto, CA
- Founding
- 05/2000
- Data as of
- 12/2023
- EIN
- 94-3342713
Organization Overview
We Hope is located in East Palo Alto, CA. The organization was established in 2000. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, We Hope employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. We Hope 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, We Hope generated $9.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $9.7m during the year ending 12/2023. While expenses have increased by 31.0% per year over the past 9 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
HELP THE UNHOUSED, HOMELESS AND THOSE AT-RISK IN REBUILDING THEIR LIVES THROUGH A CUSTOMIZED SUPPORTIVE HOUSING PROGRAM CUSTOMIZED TO THE NEEDS OF EACH CLIENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTIVE HOUSING AND CARE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Bains President/co-Founder | OfficerTrustee | 40 | $192,380 |
Cheryl Bains Dir Of Hr/secretary | OfficerTrustee | 30 | $78,488 |
Jonathan Bunce Board Chair | OfficerTrustee | 4 | $0 |
Irv Henderson Director | Trustee | 2 | $0 |
Robert Sherrard Vice/finance Chair | OfficerTrustee | 2 | $0 |
Carl Agers Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patrol Solutions Llc Security Services | 12/30/23 | $570,064 |
Vestis Professional Services | 12/30/23 | $132,174 |
Tangram Insurance Services Insurance | 12/30/23 | $135,335 |
Arora Associates Llc Consulting | 12/30/23 | $106,056 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,315,517 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,685,961 |
| Noncash contributions included in lines 1a–1f | $136,015 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,001,478 |
| Total Program Service Revenue | $0 |
| Investment income | $1,060 |
| 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 | $9,002,538 |
| 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. | $271,668 |
| Compensation of current officers, directors, key employees. | $27,041 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,476,709 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $527,568 |
| Payroll taxes | $460,230 |
| 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 | $381,376 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $157,031 |
| Travel | $34,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,975 |
| Interest | $54,247 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $323,093 |
| Insurance | $103,825 |
| All other expenses | $79,268 |
| Total functional expenses | $9,738,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,156 |
| Savings and temporary cash investments | $20,191 |
| Pledges and grants receivable | $1,561,596 |
| Accounts receivable, net | $613,243 |
| 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 | $3,775 |
| Net Land, buildings, and equipment | $2,142,953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $802,957 |
| Total assets | $5,208,871 |
| Accounts payable and accrued expenses | $627,672 |
| Grants payable | $0 |
| Deferred revenue | $303,855 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,253 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $673,445 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $780,163 |
| Total liabilities | $2,398,388 |
| Net assets without donor restrictions | $1,197,935 |
| Net assets with donor restrictions | $1,612,548 |
| 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 | $5,208,871 |
Grants Awarded
Over the last fiscal year, We Hope has awarded $79,197 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INTERFAITH COUNCIL OF ALAMEDA COUNTY PURPOSE: TO SUPPORT THE ORGANIZATION | $71,547 |
ALPHA PRIME VOLLEYBALL CLUB PURPOSE: TO SUPPORT THE ORGANIZATION | $7,650 |