HOPE FOR DEPRESSION RESEARCH FOUNDATION C/O GRUSS & CO LLC

EIN: 204559210 501(c)(3) Medical Research

NEW YORK, NY

Total Revenue
$3,352,342
Total Expenses
$7,276,738
Total Assets
$39,419,091
Net Assets
$34,158,803
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
DE
Principal Officer
AUDREY B GRUSS CHAIRMAN
Phone
2126763200
Tax Period
2024-07-01 to 2025-06-30

HOPE FOR DEPRESSION RESEARCH FOUNDATION C/O GRUSS & CO LLC, founded in 2006, is a community nonprofit in the Medical Research sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $7.3M exceeded revenue, resulting in a 117% operating deficit.

Mission

OUR MISSION IS TWO-FOLD: FIRST AND FOREMOST HDRF FUNDS THE MOST INNOVATIVE NEUROSCIENCE RESEARCH INTO THE ORIGINS, DIAGNOSIS, TREATMENT AND PREVENTION OF DEPRESSION AND ITS RELATED MOOD DISORDERS BIPOLAR DISORDER, POSTPARTUM DEPRESSION, POST-TRAUMATIC STRESS DISORDER, ANXIETY DISORDER AND SUICIDE. OUR SECOND GOAL IS TO RAISE AWARENESS OF DEPRESSION AS A MEDICAL ILLNESS AND TO EDUCATE THE PUBLIC ABOUT THE FACTS OF DEPRESSION. WE EDUCATE AND INFORM IN ORDER TO HELP REMOVE THE STIGMA OF DEPRESSION. ********************************************************************* *********************************************************************

Program Service Accomplishments

Program 1
Expenses: $5,086,339

THE FOUNDATION WAS INCORPORATED TO FUND THE MOST INNOVATIVE NEUROSCIENCE RESEARCH INTO THE ORIGINS, DIAGNOSIS, TREATMENT AND PREVENTION OF DEPRESSION AND ITS RELATED MOOD DISORDERS- BIPOLAR DISORDER...

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THE FOUNDATION WAS INCORPORATED TO FUND THE MOST INNOVATIVE NEUROSCIENCE RESEARCH INTO THE ORIGINS, DIAGNOSIS, TREATMENT AND PREVENTION OF DEPRESSION AND ITS RELATED MOOD DISORDERS- BIPOLAR DISORDER, POSTPARTUM DEPRESSION, POST-TRAUMATIC STRESS DISORDER, ANXIETY DISORDER AND SUICIDE. ******************************************************************

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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 $2,131,404
Program Service Revenue $0
Investment Income $1,220,938
Other Revenue $0
TOTAL REVENUE $3,352,342

Expense Breakdown

Grants Paid $4,469,123
Salaries & Benefits $941,827
Fundraising Expenses $1,576,854
Program Expenses $5,086,339
Other Expenses $1,865,788
TOTAL EXPENSES $7,276,738

Year-over-Year Comparison

2024 2023 Change
Revenue $3,352,342 $2,671,993 +0.3%
Expenses $7,276,738 $8,469,439 -0.1%
Net Income $-3,924,396 $-5,797,446 -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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
7
Employees
10
Volunteers
55

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
6
$301,810
Total Directors
8
$301,810
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOUISA BENTON EXECUTIVE DIRECTOR 40.0
Officer Director Highest
$301,810 $0 $301,810
AUDREY B GRUSS CHAIRMAN & DIRECTOR 20.0
Officer Director
$0 $0 $0
DR HAROLD W KOENIGSBERG DIRECTOR 2.0
Director
$0 $0 $0
DAVID ZISLIN VICE PRESIDENT / TREASURER 1.0
Officer Director
$0 $0 $0
DR STEVEN P ROOSE DIRECTOR 2.0
Director
$0 $0 $0
DR ROBERT MICHELS DIRECTOR 2.0
Director
$0 $0 $0
DR DAVID KAHN DIRECTOR 2.0
Director
$0 $0 $0
MARTIN D GRUSS SENIOR VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
BHASH LALTA VICE PRESIDENT / SECRETARY 1.0
Officer
$0 $0 $0
COURTNEY KEEMSS ASSISTANT SECRETARY 1.0
Officer
$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 $3,352,342 $7,276,738 $39,419,091 $-3,924,396
2024 No data No data No data No data
2023 $3,383,561 $7,749,109 $47,213,164 $-4,365,548
2022 $7,935,757 $8,320,753 $50,922,850 $-384,996
2021 $6,866,948 $5,907,756 $59,831,359 $959,192
2020 $38,115,467 $6,958,421 $33,527,865 $31,157,046
2019 $4,979,799 $6,279,285 $3,687,228 $-1,299,486
2018 $8,331,620 $4,751,553 $4,857,240 $3,580,067
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