PROJECT HOPE BOSTON INC

EIN: 042748880 501(c)(3) Human Services

ROXBURY, MA

Total Revenue
$6,535,696
Total Expenses
$6,413,957
Total Assets
$8,426,926
Net Assets
$7,764,513
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MA
Principal Officer
VONNESSA GOODE-KNIGHT
Phone
6174421880
Tax Period
2022-07-01 to 2023-06-30

PROJECT HOPE BOSTON INC, founded in 1981, is a community nonprofit in the Human Services sector that reported $6.5M in total revenue in fiscal year 2022. Revenue fell 58% from the prior year — a significant decline worth monitoring.

Mission

PROJECT HOPE IS A MULTI SERVICE AGENCY THAT MOVES FAMILIES UP AND OUT OF POVERTY.PROJECT HOPE WORKS IN PARTNERSHIP WITH WOMEN AND FAMILIES IN THE DORCHESTER AND ROXBURY NEIGHBORHOODS OF BOSTON ON THEIR JOURNEYS UP AND OUT OF POVERTY. WE DO THIS BY BEING A CATALYST FOR CHANGE IN THE LIVES OF FAMILIES, DEVELOPING AND PROVIDING PROGRAMS AND FAMILY SUPPORT SOLUTIONS TO ALLEVIATE POVERTY AND HOMELESSNESS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $6,381,293
Program Service Revenue $59,242
Investment Income $21,889
Other Revenue $73,272
TOTAL REVENUE $6,535,696

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,136,492
Fundraising Expenses $410,559
Program Expenses $5,108,801
Other Expenses $3,277,465
TOTAL EXPENSES $6,413,957

Year-over-Year Comparison

2022 2021 Change
Revenue $6,535,696 $15,440,351 -0.6%
Expenses $6,413,957 $14,355,748 -0.6%
Net Income $121,739 $1,084,603 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
77
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$296,509
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAUREEN POMPEO PRESIDENT & CHAIR 6.00
Officer Director
$0 $0 $0
RUTH CAREY VICE CHAIR 2.00
Officer Director
$0 $0 $0
MARY JO BANE VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JANINE SALYARDS TREASURER 2.00
Officer Director
$0 $0 $0
MICHELE BOTUS CLERK 2.00
Officer Director
$0 $0 $0
RICHARD F BURNS MEMBER 2.00
Director
$0 $0 $0
CHERYL CLARK MD MEMBER 2.00
Director
$0 $0 $0
BRETT GORDON MEMBER 2.00
Director
$0 $0 $0
DONNA HAIG FRIEDMAN MEMBER 2.00
Director
$0 $0 $0
MARVIN LOISSEAU MEMBER 2.00
Director
$0 $0 $0
JOHN K MARKEY MEMBER 2.00
Director
$0 $0 $0
NAKIRA MINOT MEMBER 2.00
Director
$0 $0 $0
ADELENE PERKINS MEMBER 2.00
Director
$0 $0 $0
ROBERT SHANLEY MEMBER 2.00
Director
$0 $0 $0
MIKE SPEIDEL MEMBER 2.00
Director
$0 $0 $0
MAUREEN WALKER MEMBER 2.00
Director
$0 $0 $0
MICHAEL WEST MEMBER 2.00
Director
$0 $0 $0
CAROL ANN MCAULIFFE CFO 40.00
Officer
$133,179 $17,298 $150,477
MARIE ST FLEUR INTERIM EXECUTIVE DIRECTOR 40.00
Officer
$109,450 $0 $109,450
VONNESSA GOODE-KNIGHT EXECUTIVE DIRECTOR 40.00
Officer
$33,558 $3,024 $36,582
NATASHA WRIGHT DIRECTOR OF HOUSING SERVICES 40.00
Highest
$112,728 $0 $112,728
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $6,535,696 $6,413,957 $8,426,926 $121,739
2022 $15,440,351 $14,355,748 $9,700,637 $1,084,603
2021 $10,426,381 $9,613,016 $7,930,581 $813,365
2019 $5,336,960 $5,471,523 $6,511,217 $-134,563
2018 $4,877,003 $4,953,439 $6,452,799 $-76,436
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