HOPE COTTAGE INC

EIN: 750800652 501(c)(3) Human Services

DALLAS, TX

Total Revenue
$2,798,757
Total Expenses
$2,466,616
Total Assets
$11,126,140
Net Assets
$10,899,503
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1922
Legal Domicile
TX
Principal Officer
STEPHANIE BOHAN
Phone
2145268721
Tax Period
2024-01-01 to 2024-12-31

HOPE COTTAGE INC, founded in 1922, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $2.5M left a modest 12% surplus.

Mission

Our mission is to transform lives with the love of family through adoption, foster care, parenting support and education. We provide wraparound social services tailored to the needs of at-risk children, families, and women in our community.

Program Service Accomplishments

Program 1
Expenses: $918,491

Parenting Support:Through our Parenting Support Program, Hope Cottage served 1,347 parenting clients with children under 3yrs old across North Texas, 1,977 children attended classes with their...

Read more

Parenting Support:Through our Parenting Support Program, Hope Cottage served 1,347 parenting clients with children under 3yrs old across North Texas, 1,977 children attended classes with their parent/guardian. Classes were held in collaboration with nine (9) trusted community partners in under-resourced neighborhoods such as South Dallas, Vickery Meadow, Carrollton/Farmers Branch, and West Dallas. More than 75% of clients are low-income Spanish-speaking mothers, participating in parenting cohorts that now help educate and support others. Families received evidence-based parenting education, baby needs assistance (diapers, wipes, car seats), and direct referrals to housing, health, and financial resources. We distributed 221,300 diapers and 35,600 other baby necessities to parents in classes. The classes are co-located with client choice food pantries and other partner services our outreach specialists provide personal referrals to trusted resources, and case management to families with more complex needs.

Program 2
Expenses: $555,294 Revenue: $819,497

Foster Care:Hope Cottage provided 6,173 nights of trauma-informed foster care, case management and placement support to 20 children in foster care this year. We licensed 14 new foster families and...

Read more

Foster Care:Hope Cottage provided 6,173 nights of trauma-informed foster care, case management and placement support to 20 children in foster care this year. We licensed 14 new foster families and maintained high placement stability. In 2024, we began implementation of the states new T3C (Texas Transformation to Community-Based Care) system, which standardizes reporting, training, and funding expectations across providers. While this transition increases compliance demands and operating costs, Hope Cottage remains committed to meeting the highest standards of care and permanency planning for children in our community. Six (6) children were adopted by their foster parents. Our team was recognized by the Texas Department of Family and Protective Services for high standards in placement stability and responsiveness.

Program 3
Expenses: $416,065 Revenue: $254,306

Infant Adoption & Pregnancy Services:The Infant Adoption program placed 6 children with adoptive families and provided 12 birth parents with counseling and pregnancy support services. Hope Cottage...

Read more

Infant Adoption & Pregnancy Services:The Infant Adoption program placed 6 children with adoptive families and provided 12 birth parents with counseling and pregnancy support services. Hope Cottage pregnancy clients receive case management, emotional support and guidance to help them plan the best possible future for themselves and their infants whether they choose to parent or choose adoption. Hope Cottage provides information and referrals to pregnancy clients and direct assistance for housing, food, clothing and other basic needs as resources are available. Expectant parents who have children under three years of age may participate in group classes in addition to individual counseling. Clients may receive life skills training, parenting classes, and other services to help them as new parents. All pregnant and parenting clients are eligible to receive direct client assistance for basic needs for themselves and their children. 2024 Pregnancy clients = 19 Families who adopt through Hope Cottage Infant Adoption program are required to complete education hours prior to being accepted; fees are charged on a sliding scale based on family income. Post adoption services are available to adoptees and their adoptive and birth families at low or no cost. 2024 Infant Adoption families = 132024 Infants placed for adoption = 62024 Post Adoption clients= 69In addition, our Infant Adoption department supervised the opening of CeCes Place, our maternal medical clinic in partnership with HHM Health. CeCes Place provided care to over 100 pregnant and postpartum clients. Services include state of the art medical care (including diagnostic ultrasound, immunization, screenings, and high-risk pregnancy care), case management, and access to transportation, baby items, and social services. Case management is provided by our bilingual Master of Social Work who works with each patient to ensure non-medical determinants of health are addressed at the point of care.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,464,380
Program Service Revenue $1,073,803
Investment Income $175,540
Other Revenue $85,034
TOTAL REVENUE $2,798,757

Expense Breakdown

Grants Paid $268,486
Salaries & Benefits $1,469,230
Fundraising Expenses $283,051
Program Expenses $1,889,850
Other Expenses $728,900
TOTAL EXPENSES $2,466,616

Year-over-Year Comparison

2024 2023 Change
Revenue $2,798,757 $3,477,323 -0.2%
Expenses $2,466,616 $1,966,034 +0.3%
Net Income $332,141 $1,511,289 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
13
Independent Members
13
Employees
32
Volunteers
24

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
4
$282,736
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE BOHAN CEO 40.00
Officer
$170,280 $0 $170,280
GRETCHEN WEAVER COO 40.00
Officer
$85,852 $0 $85,852
JUDY ALLEN CFO 40.00
Officer
$26,604 $0 $26,604
ANDREA CARTER Director 1.00
Director
$0 $0 $0
ANDREW P LEGRAND Treasurer 1.00
Director
$0 $0 $0
EMILY FLOYD Director 1.00
Director
$0 $0 $0
BROOKE RUSSO Director 1.00
Director
$0 $0 $0
CHRISTOPHER SEIL Director 1.00
Director
$0 $0 $0
JOHN DICKEY Director 1.00
Director
$0 $0 $0
WILLIAM BARNARD Treasurer 1.00
Director
$0 $0 $0
TIFFANY GORDON Director 1.00
Director
$0 $0 $0
MERENE MAKIL Director 1.00
Director
$0 $0 $0
HEATHER KAHLFELDT Director 1.00
Director
$0 $0 $0
MARK MULLANEY Director 1.00
Director
$0 $0 $0
SARAH QUINTANAR Director 1.00
Director
$0 $0 $0
ALLYSON VAN BLARCUM Director 1.00
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
2024 $2,798,757 $2,466,616 $11,126,140 $332,141
2023 $3,477,323 $1,966,034 $10,497,379 $1,511,289
2022 $1,632,610 $1,826,010 $8,528,161 $-193,400
2021 $1,826,021 $2,049,586 $9,768,014 $-223,565
2020 $2,084,258 $2,016,632 $9,628,127 $67,626
2019 $1,555,267 $2,005,855 $9,136,565 $-450,588
2018 $2,021,033 $2,166,025 $8,579,083 $-144,992
Explore More Nonprofits
Top 100 Nonprofits in Texas Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HOPE COTTAGE INC with other nonprofits in Texas and across the country.