HOPE NETWORK RECOVERY

EIN: 832799527 501(c)(3) Housing & Shelter

GRAND RAPIDS, MI

Total Revenue
$1,114,772
Total Expenses
$4,321,453
Total Assets
$416,083
Net Assets
$-3,206,681
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MI
Principal Officer
ANDRE PIERRE
Phone
6163018000
Tax Period
2018-12-12 to 2019-09-30

HOPE NETWORK RECOVERY, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2018. Expenses of $4.3M exceeded revenue, resulting in a 288% operating deficit.

Mission

IN CHRISTIAN SERVICE, HOPE NETWORK EMPOWERS PEOPLE TO OVERCOME CHALLENGES TO ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE.

Program Service Accomplishments

Program 1
Expenses: $1,588,417 Revenue: $1,098,635

AT HOPE NETWORK'S CENTER FOR RECOVERY, WE BELIEVE THAT EVERY PERSON, NO MATTER WHERE YOU ARE IN YOUR RECOVERY, IS CAPABLE OF A NEW BEGINNING. OUR TEAM IS HONORED TO PARTNER WITH THE BRAVE AND...

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AT HOPE NETWORK'S CENTER FOR RECOVERY, WE BELIEVE THAT EVERY PERSON, NO MATTER WHERE YOU ARE IN YOUR RECOVERY, IS CAPABLE OF A NEW BEGINNING. OUR TEAM IS HONORED TO PARTNER WITH THE BRAVE AND INCREDIBLE INDIVIDUALS WHO ARE READY TO TAKE STEPS TO HEAL FROM ADDICTION TO RECOVERY AND ALL THE MILESTONES IN-BETWEEN.THE CENTER FOR RECOVERY PROVIDES THREE LEVELS OF CARE: SUPPORTIVE COMMUNITY LIVING, INTENSIVE OUTPATIENT, AND OUTPATIENT. INDIVIDUAL AND GROUP THERAPIES PLUS FAMILY AND PARTNER ENGAGEMENT ARE OFFERED AT ALL LEVELS OF CARE. ACCESS TO OUR FULL TEAM OF EXPERTS, INCLUDING PHYSICIANS, MASTER'S LEVEL CLINICIANS, NURSES AND MEDICAL ASSISTANTS ARE AVAILABLE TO EVERY PERSON WHO PARTNERS WITH US IN THEIR RECOVERY JOURNEY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $16,137
Program Service Revenue $1,098,635
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,114,772

Expense Breakdown

Grants Paid $0
Salaries & Benefits $783,659
Fundraising Expenses $0
Program Expenses $1,588,417
Other Expenses $3,537,794
TOTAL EXPENSES $4,321,453

Year-over-Year Comparison

2018 2017 Change
Revenue $1,114,772 N/A N/A
Expenses $4,321,453 N/A N/A
Net Income $-3,206,681 N/A N/A
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

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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
3
Independent Members
N/A
Employees
33
Volunteers
N/A

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
$930,202
Total Directors
4
$930,202
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILLIP W WEAVER PRESIDENT 0.30
Officer Director
$0 $32,601 $457,500
RICHARD FABBRINI FORMER TREASURER 0.30
Officer Director
$0 $12,516 $200,006
TIMOTHY BECKER SECRETARY 0.30
Officer Director
$0 $18,539 $190,342
LARRY JONGEKRIJG TREASURER 0.30
Officer Director
$0 $2,437 $82,354
CHRISTOPHER STEMLER FORMER SECRETARY 0.00
$0 $8,766 $168,503
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
2019 $1,114,772 $4,321,453 $416,083 $-3,206,681
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