HOPEWORKS

EIN: 850338552 501(c)(3)

ALBUQUERQUE, NM

Total Revenue
$10,689,954
Total Expenses
$9,931,735
Total Assets
$18,051,651
Net Assets
$6,464,219
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NM
Principal Officer
PAT DEE
Phone
5052424399
Tax Period
2023-07-01 to 2024-06-30

HOPEWORKS, founded in 1985, is a mid-sized nonprofit that reported $10.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $9.9M left a modest 7% surplus.

Mission

To provide a place where homeless people could come and gain protection from the elements and provide for many other basic needs, such as meals, showers, clothing and health care. Also, to provide various services to homeless people such as counseling and housing alternatives.

Program Service Accomplishments

Program 1
Expenses: $7,811,819 Revenue: $3,383,750

Hopeworks is a 501 (C)(3) nonprofit organization. Founded in 1985 by a group of concerned leaders, hopeworks has grown to become the largest provider of services for people experiencing (or at risk...

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Hopeworks is a 501 (C)(3) nonprofit organization. Founded in 1985 by a group of concerned leaders, hopeworks has grown to become the largest provider of services for people experiencing (or at risk of) homelessness in Albuquerque, New Mexico. Every year, approximately 11,000 individuals seek services from Hopeworks. Our mission is to assist people who are experiencing homelessness or near homelessness by providing resources, opportunities, and hope. We aim to end homelessness, one person, one family at a time. No one is turned away. We treat everyone with dignity and respect, and most importantly, we offer them hope for a better tomorrow. But, hopeworks is more than a homeless shelter. Our day shelter is not only where meals are served, but also has: - a mail room. - A place to shower. - Access to health and hygiene items like razors, deodorant, sunscreen, undergarments, and feminine hygiene products. - Short-term and long-term storage. - Access to telephone and Internet. - A clothing room. We also offer: - behavior and mental health services, as well as individual and group therapy. Hopeworks as a community mental health center, which means we can provide the services to anyone, regardless of their housing situation. -Housing. through our myriad of housing programs, we help individuals and families exit homelessness adn remained housed. During our last fiscal year: Day Shelter 5,489 unduplicated men, women and children were welcomed into the HopeWorks Day Shelter, a place to gather and receive food, showers, clothing, and entry into our extensive support networks. HopeWorks staff and volunteers served 80,757 healthy and nutritious meals.Outreach Our dedicated Outreach team encountered over 1,000 individuals experiencing homelessness and living on the streets in Albuquerque. We provided them with food, clothing, health items such as hand sanitizer, and access to support services.Housing Our Housing Department provided housing support to a total of 894 people. Hope Found successfully graduated 24 families, an 85% success rate. Behavioral/Mental Health Over 977 clients utilized our array of intensive behavioral health services. Our Therapy provided almost 3,501 therapy sessions.Hopeworks; comprehensive service array is able to help most at risk of homelessness, including those with severe and persistent mental health illness, substance abuse problems, military veterans, those fleeing domestic violence, and the medically fragile.

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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 $7,125,778
Program Service Revenue $3,383,750
Investment Income $180,426
Other Revenue $0
TOTAL REVENUE $10,689,954

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,220,437
Fundraising Expenses $178,485
Program Expenses $7,811,819
Other Expenses $4,711,298
TOTAL EXPENSES $9,931,735

Year-over-Year Comparison

2023 2022 Change
Revenue $10,689,954 $9,014,385 +0.2%
Expenses $9,931,735 $8,830,394 +0.1%
Net Income $758,219 $183,991 +3.1%
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
9
Independent Members
9
Employees
137
Volunteers
250

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
$101,585
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEON DIXON CEO 40.00
Officer
$101,585 $0 $101,585
PAT DEE President 0.00
Officer Director
$0 $0 $0
AMY BROWN Treasurer 0.00
Officer Director
$0 $0 $0
SANJAY ENGINEER Director 0.00
Director
$0 $0 $0
ERIC SHIMAMOTO Director 0.00
Director
$0 $0 $0
MARISA MAGALLANEZ Secretary 0.00
Officer Director
$0 $0 $0
WILLIAM MILLER Vice President 0.00
Officer Director
$0 $0 $0
ELIZABETH A HEAPHY Director 0.00
Director
$0 $0 $0
ANTOINETTE SANCHEZ-ROMERO Director 0.00
Director
$0 $0 $0
PAUL HAIDLE Director 0.00
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
2025 No data No data No data No data
2024 $10,689,954 $9,931,735 $18,051,651 $758,219
2024 No data No data No data No data
2023 $9,014,385 $8,830,394 $16,710,886 $183,991
2022 $9,734,557 $10,644,378 $7,722,016 $-909,821
2021 $11,939,052 $10,310,411 $8,797,073 $1,628,641
2020 $12,228,701 $10,071,721 $8,173,029 $2,156,980
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