HOPE HOUSE INC

EIN: 146050436 501(c)(3) Mental Health

ALBANY, NY

Total Revenue
$11,744,930
Total Expenses
$11,563,395
Total Assets
$16,387,994
Net Assets
$9,839,051
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NY
Principal Officer
KEVIN CONNALLY
Phone
5184824673
Tax Period
2023-01-01 to 2023-12-31

HOPE HOUSE INC, founded in 1968, is a mid-sized nonprofit in the Mental Health sector that reported $11.7M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

THE PRIMARY MISSION OF HOPE HOUSE INC. IS TO RESPOND TO NEEDS IN THE COMMUNITY BY PROVIDING EDUCATION, INTERVENTION, AND TREATMENT TO PERSONS WHOSE LIVES HAVE BEEN AFFECTED BY ANY FORM OF CHEMICAL DEPENDENCY AND RELATED ISSUES. THE BOARD OF DIRECTORS AND STAFF ARE DEDICATED TO PROVIDING A VARIETY OF HIGH-QUALITY RESIDENTIAL, OUTPATIENT AND COMMUNITY-BASED SERVICES DEVELOPMENTALLY FOCUSED TO BOTH ADULT AND YOUTH POPULATIONS. THESE SERVICES ARE PROVIDED IRRESPECTIVE OF AGE, COLOR, CREED, DISABILITY, MARITAL STATUS, GENDER, NATIONAL ORIGIN, ARREST/CONVICTION RECORD, OR ABILITY TO PAY. ALL SERVICES STRIVE TO EMPOWER EVERY INDIVIDUAL AND FAMILY TO ACHIEVE THEIR HIGHEST LEVEL OF FUNCTIONING. IN ADDITION TO ENHANCING THE QUALITY OF LIFE OF THE PERSONS IT SERVES, THE AGENCY IS COMMITTED TO PROVIDING A SUPPORTIVE AND PROFESSIONAL WORK ENVIRONMENT FOR ITS STAFF.

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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 $1,943,171
Program Service Revenue $9,612,083
Investment Income $5,374
Other Revenue $184,302
TOTAL REVENUE $11,744,930

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,421,042
Fundraising Expenses $0
Program Expenses $10,410,455
Other Expenses $4,142,353
TOTAL EXPENSES $11,563,395

Year-over-Year Comparison

2023 2022 Change
Revenue $11,744,930 $9,989,760 +0.2%
Expenses $11,563,395 $10,887,434 +0.1%
Net Income $181,535 $-897,674 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
167
Volunteers
14

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
7
$289,928
Total Directors
15
$8,929
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIA SMIRENSKY BOARD MEMBER 1.00
Director
$0 $0 $0
NICHOLAS A MARINI BOARD MEMBER 1.00
Director
$0 $0 $0
MARK S BOSS BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN LYND BOARD MEMBER 1.00
Director
$0 $0 $0
GIL CHASE BOARD MEMBER 1.00
Director
$0 $0 $0
JAN MCENENY BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN CARPENTER PALUMBO BOARD MEMBER 1.00
Director
$0 $0 $0
BARTLEY J COSTELLO III BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER F GREAGAN BOARD MEMBER 1.00
Director
$0 $0 $0
DONALD SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
WILMA DELUCCO SECRETARY 1.00
Officer Director
$0 $0 $0
ALAN KOTT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KEVIN HEALY TREASURER 1.00
Officer Director
$0 $0 $0
RICHARD MATACCHIERO PRESIDENT 1.00
Officer Director
$0 $0 $0
JANEAH O'LEARY DIRECTOR OF FINANCE 40.00
Officer Director
$8,274 $655 $8,929
DAWN PASQUARELL DIRECTOR OF FINANCE 40.00
Officer
$93,819 $9,961 $103,780
KEVIN CONNALLY EXECUTIVE DIRECTOR 40.00
Officer
$153,432 $23,787 $177,219
WILLIAM R BETHEL COUNSELOR ASSISTANT 1.00
Highest
$106,474 $0 $106,474
STEVE CARVER NURSE PRACTITIONER 1.00
Highest
$129,133 $0 $129,133
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
2024 No data No data No data No data
2023 $11,744,930 $11,563,395 $16,387,994 $181,535
2022 $9,989,760 $10,887,434 $11,804,140 $-897,674
2021 $8,070,527 $8,826,341 $11,963,640 $-755,814
2020 $7,689,973 $7,957,842 $8,817,731 $-267,869
2019 $7,531,182 $8,146,205 $8,932,034 $-615,023
2018 $7,044,997 $7,642,390 $7,789,985 $-597,393
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