HOPE STREET MINISTRY INC

EIN: 050627081 501(c)(3) Mental Health

MILWAUKEE, WI

Total Revenue
$1,014,791
Total Expenses
$1,155,464
Total Assets
$4,459,435
Net Assets
$1,540,420
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
WI
Principal Officer
CHRISTOPHER SLATER
Phone
4144455404
Tax Period
2024-07-01 to 2025-06-30

HOPE STREET MINISTRY INC, founded in 2005, is a community nonprofit in the Mental Health sector that reported $1.0M in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

HOPE STREET PROVIDES HOUSING AND HEALING TO MEN, WOMEN, AND CHILDREN WHOSE LIVES HAVE BEEN PROFOUNDLY AFFECTED BY THE TOXIC ENVIRONMENT THEY GREW UP IN, THEIR OWN CHOICES, OR DRUG AND ALCOHOL ABUSE. EMPOWERED BY THE ACTIVE GRACE OF CHRIST, THE STAFF, VOLUNTEERS AND MEMBERS CULTIVATE A NURTURING COMMUNITY IN WHICH WE CAN LIVE, LEARN AND DEVELOP NEW HABITS THAT HELP PEOPLE FLOURISH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $871,628
Program Service Revenue $148,534
Investment Income $0
Other Revenue $-5,371
TOTAL REVENUE $1,014,791

Expense Breakdown

Grants Paid $0
Salaries & Benefits $556,330
Fundraising Expenses $210,493
Program Expenses $838,206
Other Expenses $597,332
TOTAL EXPENSES $1,155,464

Year-over-Year Comparison

2024 2023 Change
Revenue $1,014,791 $939,948 +0.1%
Expenses $1,155,464 $1,050,939 +0.1%
Net Income $-140,673 $-110,991 +0.3%
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
9
Independent Members
9
Employees
13
Volunteers
200

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
$114,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHLEY THOMAS EXECUTIVE DI 40.00
Officer
$114,000 $0 $114,000
JACOB FALCK BOARD DIRECT 5.00
Director
$0 $0 $0
JASON HEARD BOARD DIRECT 5.00
Director
$0 $0 $0
PARKER LAWSON BOARD DIRECT 5.00
Director
$0 $0 $0
MOLLY MALONEY BOARD DIRECT 5.00
Director
$0 $0 $0
PATRICIA MCGOWAN BOARD CHAIR 5.00
Officer Director
$0 $0 $0
BRET MCKITRICK VICE BOARD C 5.00
Officer Director
$0 $0 $0
CHRISTOPHER SLATER BOARD TREASU 5.00
Officer Director
$0 $0 $0
RACHAEL STRICKER BOARD SECRET 5.00
Officer Director
$0 $0 $0
LAUREN WILLIAMS BOARD DIRECT 5.00
Director
$0 $0 $0
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 $1,014,791 $1,155,464 $4,459,435 $-140,673
2024 No data No data No data No data
2023 $955,443 $1,177,561 $4,773,087 $-222,118
2022 $1,604,479 $860,495 $4,506,771 $743,984
2021 $891,851 $569,713 $1,743,489 $322,138
2020 $628,372 $530,390 $985,630 $97,982
2019 $542,067 $490,312 $896,516 $51,755
2018 $556,811 $451,172 $890,391 $105,639
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