HOUSE OF HOPE INC

EIN: 042867965 501(c)(3) Housing & Shelter

LOWELL, MA

Total Revenue
$5,081,957
Total Expenses
$4,469,912
Total Assets
$11,932,217
Net Assets
$8,095,148
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MA
Principal Officer
DEBORAH CHAUSSE
Phone
9784582870
Tax Period
2023-07-01 to 2024-06-30

HOUSE OF HOPE INC, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $5.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $4.5M left a modest 12% surplus.

Mission

HOUSE OF HOPE, A TEMPORARY SHELTER, PROVIDES ADVOCACY AND CARE FOR HOMELESS INDIVIDUALS AND FAMILIES. ROOTED IN A BELIEF IN GOD, AND UNDER DIRECTION OF AN ECUMENICAL BOARD, IT SEEKS TO AFFIRM THE DIGNITY OF LIFE TO ALL WHO ARE SERVED.

Program Service Accomplishments

Program 1
Expenses: $3,700,185 Revenue: $5,420,092

PROVIDING TEMPORARY, OVERNIGHT SHELTER, FOOD AND MAINTENANCE FOR NEEDY PERSONS REGARDLESS OF RACE, CREED, COLOR AND SEX. PROVIDED EMERGENCY SHELTER AND SERVICES TO 98 FAMILIES, A TOTAL OF 267 PEOPLE...

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PROVIDING TEMPORARY, OVERNIGHT SHELTER, FOOD AND MAINTENANCE FOR NEEDY PERSONS REGARDLESS OF RACE, CREED, COLOR AND SEX. PROVIDED EMERGENCY SHELTER AND SERVICES TO 98 FAMILIES, A TOTAL OF 267 PEOPLE (135 CHILDREN, 132 ADULTS); 12% OF FAMILIES HAD A HISTORY OF DOMESTIC VIOLENCE. THE AVERAGE LENGTH OF STAY FOR FAMILIES WHO EXITED WAS 209 DAYS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $563,853
Program Service Revenue $4,335,763
Investment Income $145,958
Other Revenue $36,383
TOTAL REVENUE $5,081,957

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,550,623
Fundraising Expenses $98,976
Program Expenses $3,700,185
Other Expenses $919,289
TOTAL EXPENSES $4,469,912

Year-over-Year Comparison

2023 2022 Change
Revenue $5,081,957 $5,435,067 -0.1%
Expenses $4,469,912 $4,490,606 0.0%
Net Income $612,045 $944,461 -0.4%
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
14
Independent Members
14
Employees
81
Volunteers
N/A

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
5
$183,787
Total Directors
19
$183,787
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN O'CONNOR PRESIDENT 3.00
Officer Director
$0 $0 $0
RACHEL GARNEAU SECRETARY 3.00
Officer Director
$0 $0 $0
BRIAN STAFFORD TREASURER 3.00
Officer Director
$0 $0 $0
RYAN DUNN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL CONWAY DIRECTOR 1.00
Director
$0 $0 $0
LAURIE GOULD DIRECTOR - EMERITUS 1.00
Director
$0 $0 $0
NELS PALM DIRECTOR - EMERITUS 1.00
Director
$0 $0 $0
PATRICIA SULLIVAN TALTY DIRECTOR - EMERITUS 1.00
Director
$0 $0 $0
ELLEN CATALDO DIRECTOR 1.00
Director
$0 $0 $0
JEFF BUSH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ANDREW T BOYLE DIRECTOR 1.00
Director
$0 $0 $0
ANDREW GILMORE DIRECTOR 1.00
Director
$0 $0 $0
CONNIE COGSWELL DIRECTOR 1.00
Director
$0 $0 $0
BETH AHERN DIRECTOR 1.00
Director
$0 $0 $0
REJA GAMBLE DIRECTOR 1.00
Director
$0 $0 $0
DIANE HANNA EARL DIRECTOR 1.00
Director
$0 $0 $0
DANIEL J MANSUR DIRECTOR 1.00
Director
$0 $0 $0
BARBARA SMITH DIRECTOR 1.00
Director
$0 $0 $0
DEBORAH CHAUSSE EXECUTIVE DIRECTOR 25.00
Officer Director
$165,833 $17,954 $183,787
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 $5,081,957 $4,469,912 $11,932,217 $612,045
2023 $5,435,067 $4,490,606 $10,755,414 $944,461
2022 $4,617,811 $3,989,726 $9,621,729 $628,085
2021 $4,907,000 $4,249,260 $9,783,569 $657,740
2020 $4,381,828 $4,019,546 $8,742,107 $362,282
2019 $4,510,852 $4,081,410 $8,363,031 $429,442
2018 $4,553,638 $3,876,422 $8,095,638 $677,216
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