HOPE FOR FAMILIES INC

EIN: 261288171 501(c)(3) Youth Development

MECHANICSVILLE, VA

Total Revenue
$239,170
Total Expenses
$303,595
Total Assets
$268,891
Net Assets
$268,891
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
VA
Principal Officer
AMY FOLEY
Phone
8043357015
Tax Period
2023-01-01 to 2023-12-31

HOPE FOR FAMILIES INC, founded in 2007, is a small nonprofit in the Youth Development sector that reported $239K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $304K exceeded revenue, resulting in a 27% operating deficit.

Mission

WE EXIST TO SHARE THE HOPE OF JESUS CHRIST WITH CHILDREN AND FAMILIES IN POVERTY THROUGH FREE CAMP AND MENTORSHIP.

Program Service Accomplishments

Program 1
Expenses: $75,481 Revenue: $35,824

CAMP HOPE COSTA RICA IS A ONE-WEEK, OVERNIGHT SUMMER CAMP DESIGNED FOR UNDERSERVED CHILDREN FROM SAN JOS, COSTA RICA. EACH YEAR, WE WELCOME 100 CAMPERS, AGED 8 TO 14, PRIMARILY FROM SLUM COMMUNITIES...

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CAMP HOPE COSTA RICA IS A ONE-WEEK, OVERNIGHT SUMMER CAMP DESIGNED FOR UNDERSERVED CHILDREN FROM SAN JOS, COSTA RICA. EACH YEAR, WE WELCOME 100 CAMPERS, AGED 8 TO 14, PRIMARILY FROM SLUM COMMUNITIES SURROUNDING THE CAPITAL, MANY OF WHOM ARE IMMIGRANTS FROM NEIGHBORING COUNTRIES. OUR CAMPERS ARE CAREFULLY SELECTED BY PARTNER ORGANIZATIONS, ENSURING THAT THOSE WHO ATTEND HEAR A MESSAGE OF HOPE BEYOND THEIR CIRCUMSTANCES AND UNDERSTAND THEIR INHERENT VALUE AND WORTH. THE CAMP TAKES PLACE AT CAMPAMENTO BAUTISTA, LOCATED ABOUT 45 MINUTES FROM THE CAMPERS' COMMUNITIES. ALTHOUGH CLOSE IN DISTANCE, THE EXPERIENCE FEELS LIKE A WORLD APART. CAMPERS ENJOY A RANGE OF ENRICHING ACTIVITIES, SAVOR DELICIOUS HOME-COOKED MEALS, AND ENGAGE IN JOYFUL EXPERIENCES THEY MAY HAVE ONLY DREAMED OF. IN THIS SAFE AND SUPPORTIVE ENVIRONMENT, THEY ARE ENCOURAGED TO SHARE THEIR STRUGGLES, FIND SOLIDARITY WITH PEERS WHO HAVE FACED SIMILAR CHALLENGES, AND BEGIN THEIR HEALING JOURNEYS. OUR DEDICATED LOCAL COSTA RICAN TEAM CONTINUES TO SUPPORT THE CAMPERS LONG AFTER THE CAMP ENDS. THROUGHOUT THE YEAR, THEY FOCUS ON BUILDING RELATIONSHIPS, VISITING FAMILIES, ADDRESSING CRITICAL NEEDS, ADVOCATING FOR THE CAMPERS, AND PROVIDING LOVE AND SUPPORT, ENSURING THAT OUR IMPACT LASTS BEYOND THE WEEK OF CAMP.

Program 2
Expenses: $101,798 Revenue: $54,058

CAMP HOPE LATVIA IS A TWO-WEEK OVERNIGHT SUMMER CAMP DESIGNED FOR UNDERSERVED CHILDREN ACROSS LATVIA. THIS YEAR, WE WELCOMED 180 CAMPERS AGED 5 TO 18, WHO WERE CAREFULLY SELECTED BASED ON THEIR...

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CAMP HOPE LATVIA IS A TWO-WEEK OVERNIGHT SUMMER CAMP DESIGNED FOR UNDERSERVED CHILDREN ACROSS LATVIA. THIS YEAR, WE WELCOMED 180 CAMPERS AGED 5 TO 18, WHO WERE CAREFULLY SELECTED BASED ON THEIR CHALLENGING CIRCUMSTANCES. THE CAMP TOOK PLACE IN SILMACI, A BEAUTIFUL COUNTRYSIDE SETTING. CAMPERS PARTICIPATED IN SWIMMING, DANCING, CRAFTS, AND GAMES THROUGHOUT THEIR STAY, ALL WHILE FORGING NEW FRIENDSHIPS AND STRENGTHENING OLD ONES. THEY ALSO ENGAGED IN UPLIFTING DISCUSSIONS ABOUT GOD'S PROFOUND LOVE FOR THEM, ENJOYED LATE-NIGHT GATHERINGS, AND SAVORED DELICIOUS, HIGH-QUALITY MEALS. SEVERAL FORMER CAMPERS RETURNED AS STAFF, CREATING A SUPPORTIVE ENVIRONMENT WHERE EVERYONE SHARED, ENCOURAGED ONE ANOTHER, AND MADE LASTING MEMORIES.

Program 3
Expenses: $55,242 Revenue: $47,674

STREET OF HOPE (FORMERLY KNOWN AS HOPE FOR FAMILIES LATVIA) IS A NON-PROFIT MINISTRY IN LATVIA THAT WORKS WITH IMPOVERISHED CHILDREN AND THEIR FAMILIES. STREET OF HOPE CURRENTLY SERVES 300 OF THE...

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STREET OF HOPE (FORMERLY KNOWN AS HOPE FOR FAMILIES LATVIA) IS A NON-PROFIT MINISTRY IN LATVIA THAT WORKS WITH IMPOVERISHED CHILDREN AND THEIR FAMILIES. STREET OF HOPE CURRENTLY SERVES 300 OF THE POOREST IN LATVIA. THIS IS YEAR-ROUND WORK AND HELPS TAKE CARE OF FAMILIES' CRITICAL NEEDS. STREET OF HOPE HELPS WITH JOBS, PARENTING, COUNSELING, SUPPORTING STRUGGLING FAMILIES, TRANSPORTATION, WHEN NECESSARY, EDUCATION, MEDICATION, AND, WHEN NECESSARY, HOUSING, FOOD, AND HEAT.

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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 $239,140
Program Service Revenue $0
Investment Income $30
Other Revenue $0
TOTAL REVENUE $239,170

Expense Breakdown

Grants Paid $52,000
Salaries & Benefits $0
Fundraising Expenses $5,612
Program Expenses $282,344
Other Expenses $251,595
TOTAL EXPENSES $303,595

Year-over-Year Comparison

2023 2022 Change
Revenue $239,170 $203,723 +0.2%
Expenses $303,595 $184,707 +0.6%
Net Income $-64,425 $19,016 -4.4%
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
6
Independent Members
6
Employees
N/A
Volunteers
133

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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER DISESA PRESIDENT 10.00
Officer Director
$0 $0 $0
REGINA BROWN VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
BILL SHIREY TREASURER 10.00
Officer Director
$0 $0 $0
DIANE ATKINSON SECRETARY 10.00
Officer Director
$0 $0 $0
AMY FOLEY EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $0 $0
JULIA ACHAM DIRECTOR 10.00
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
2023 $239,170 $303,595 $268,891 $-64,425
2022 $203,723 $184,707 $333,316 $19,016
2021 $273,228 $202,949 $314,300 $70,279
2020 $239,642 $166,513 $244,021 $73,129
2019 $389,272 $394,040 $170,892 $-4,768
2018 $412,884 $389,620 $175,660 $23,264
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