HOPE FOR YOUTH AND FAMILIES INC

EIN: 933342421 501(c)(3) Human Services

LONGMEADOW, MA

Total Revenue
$395,249
Total Expenses
$277,454
Total Assets
$117,795
Net Assets
$117,795
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
MA
Principal Officer
ROBERT BOLDUC
Phone
4132858886
Tax Period
2023-09-11 to 2023-12-31

HOPE FOR YOUTH AND FAMILIES INC, founded in 2023, is a small nonprofit in the Human Services sector that reported $395K in total revenue in fiscal year 2023. The organization ran a surplus of $118K, a strong 30% operating margin.

Mission

OUR MISSION IS TO HELP YOUTH AND FAMILIES IN UNDERSERVED COMMUNITIES ACHIEVE THEIR FULL POTENTIAL. WE DIRECTLY OPERATE FREE PROGRAMS THAT EMPHASIZE MULTI-GENERATIONAL ENGAGEMENT AND ARE STAFFED BY TRAINED EXPERTS WHO UTILIZE BEST PRACTICES. WE PROVIDE AN INTEGRATED CONTINUUM OF SERVICES AIMED AT CREATING BETTER AND BRIGHTER FUTURES FOR YOUNG PEOPLE, THEIR FAMILIES, AND OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $277,454 Revenue: $25,000

YOUTH AND FAMILY ENRICHMENT INCLUDING, BUT NOT LIMITED TO:AFTER-SCHOOL ENRICHMENT - WE PROVIDE STUDENTS WITH THE OPPORTUNITY TO EXPLORE NEW INTERESTS, DEVELOP NEW SKILLS AND EXPAND THEIR KNOWLEDGE...

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YOUTH AND FAMILY ENRICHMENT INCLUDING, BUT NOT LIMITED TO:AFTER-SCHOOL ENRICHMENT - WE PROVIDE STUDENTS WITH THE OPPORTUNITY TO EXPLORE NEW INTERESTS, DEVELOP NEW SKILLS AND EXPAND THEIR KNOWLEDGE BEYOND THE CLASSROOM BY DELIVERING CLUBS DIRECTLY AT THEIR SCHOOLS.SUMMER SPORT & ENRICHMENT - OUR EVIDENCE-BASED AND HOLISTIC SUMMER PROGRAM INFUSES FUN, POSITIVE RELATIONSHIPS AND HANDS-ON EXPERIENCES INTO ACADEMIC PROGRAMMING TO INCREASE SUMMER LEARNING RESULTS.COLLEGE & CAREER COUNSELING - OUR FUTURES PROGRAM PROVIDES 1:1 COUNSELING TO EQUIP STUDENTS WITH THE KNOWLEDGE, SKILLS, AND RESOURCES NECESSARY TO TRANSITION FROM HIGH SCHOOL TO FULFILLING POST-SECONDARY PATHS.AMERICORPS PROGRAM - WE PLACE AMERICORPS MEMBERS WITHIN OUR PARTNER SCHOOLS TO IDENTIFY AND ADDRESS TARGETED NEEDS SUCH AS FAMILY ENGAGEMENT, STUDENT ABSENTEEISM, AND MORE.YOUTH ARTS CENTER - THE NEW YOUTH ARTS CENTER WILL BE A CREATIVE COMMUNITY HUB FOR ARTS AND CULTURAL PROGRAMS FOR YOUTH IN SPRINGFIELD AND THE SURROUNDING REGION.ON-CALL ADVISORS - ON CALL ADVISORS PROVIDE CAREER ADVICE AND GUIDANCE TO HIGH SCHOOL STUDENTS IN OUR FUTURES PROGRAM.COMMUNITY SERVICE VOLUNTEERS - WE CONNECT STUDENTS WITH OUR STAFF OR SCHOOL PARTNERS TO GET HANDS-ON COMMUNITY SERVICE EXPERIENCE.

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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 $370,249
Program Service Revenue $25,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $395,249

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $277,454
Other Expenses $277,454
TOTAL EXPENSES $277,454

Year-over-Year Comparison

2023 2022 Change
Revenue $395,249 N/A N/A
Expenses $277,454 N/A N/A
Net Income $117,795 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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Governance

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

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHLEEN SCHUSTER TREASURER/DIRECTOR 1.00
Officer Director
$0 $0 $0
ROBERT BOLODUC PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $0 $0
ROBERTA BOLODUC CLERK/DIRECTOR 1.00
Officer 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 No data No data No data No data
2023 $395,249 $277,454 $117,795 $117,795
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