The Hope Center

EIN: 873003753 501(c)(3) Human Services

Lake Zurich, IL

Total Revenue
$1,082,308
Total Expenses
$750,179
Total Assets
$577,988
Net Assets
$559,631
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
IL
Principal Officer
Jason Sfire
Phone
8475408280
Tax Period
2023-09-01 to 2024-08-31

The Hope Center, founded in 2021, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $332K, a strong 31% operating margin.

Mission

The mission of The Hope Center is to help restore what is broken in our world, in our community, and in each of us.

Program Service Accomplishments

Program 1
Expenses: $202,747

Food Pantry - The Hope Center operates a food pantry where guests can expect to find a wide selection of fresh and shelf-stable items to keep their kitchens stocked, as well as herbs and veggies...

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Food Pantry - The Hope Center operates a food pantry where guests can expect to find a wide selection of fresh and shelf-stable items to keep their kitchens stocked, as well as herbs and veggies harvested weekly from our farm. We love to connect with pantry guests to find out how else The Hope Center can make a difference in their lives. The food pantry is open every Saturday and serves people throughout northern Illinois.

Program 2
Expenses: $125,505

Hope Farm - HOPE Farm sprouted from a simple idea: wouldn't it be wonderful if our food pantry could offer beautifully ripe, nutritious veggies and fruit? We knew the answer, so we got to work!...

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Hope Farm - HOPE Farm sprouted from a simple idea: wouldn't it be wonderful if our food pantry could offer beautifully ripe, nutritious veggies and fruit? We knew the answer, so we got to work! Thanks to a committed crew of volunteers, bushels of plump tomatoes, crunchy cucumbers, leafy greens, and aromatic herbs are now being harvested weekly. Our growing, small-scale farm is built around a hydroponic greenhouse that lets us farm year-round, sunshine or snow. Outside, rows of raised beds are lush in the summer with soil-grown garden veggies and native prairie plants.

Program 3
Expenses: $69,121

Benevolence - The benevolence program assists individuals who find temporary financial hardship with basic needs such as rent or mortgage assistance, car repairs, medical needs, or other urgent...

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Benevolence - The benevolence program assists individuals who find temporary financial hardship with basic needs such as rent or mortgage assistance, car repairs, medical needs, or other urgent living needs. Participants in the benevolence program go through a holistic intake process to assess the need and are required to participate in financial and budget training to receive assistance.

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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 $990,126
Program Service Revenue $609
Investment Income $2,500
Other Revenue $89,073
TOTAL REVENUE $1,082,308

Expense Breakdown

Grants Paid $15,588
Salaries & Benefits $312,965
Fundraising Expenses $90,978
Program Expenses $546,399
Other Expenses $421,626
TOTAL EXPENSES $750,179

Year-over-Year Comparison

2023 2022 Change
Revenue $1,082,308 $1,044,765 +0.0%
Expenses $750,179 $812,581 -0.1%
Net Income $332,129 $232,184 +0.4%
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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Governance

Voting Members
6
Independent Members
5
Employees
5
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
$89,006
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Terrance Wallace Executive Dir. 40.00
Officer
$44,006 $45,000 $89,006
Jason Sfire President 0.00
Officer Director
$0 $0 $0
Scott DeGraeve Treasurer 0.00
Officer Director
$0 $0 $0
Kenneth Toeller Vice President 0.00
Officer Director
$0 $0 $0
Gretchen Farb Secretary 0.00
Officer Director
$0 $0 $0
Eric Shroeder 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
2024 $1,082,308 $750,179 $577,988 $332,129
2023 $1,044,765 $812,581 $277,451 $232,184
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