Civic Intelligence

Hope House Foundation Inc.

990 • Fiscal year 2018 • EIN 54-0804383

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 11, 2018

801 Boush Street Suite 302Norfolk, VA 23510

(757) 625-6161

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.17x

Higher debt load relative to assets than 45% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

28th percentile

0.10x

Higher debt load relative to revenue than 28% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

55th percentile

4.4%

Higher net margin than 55% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

31st percentile

$125,587

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

74th percentile

9.8%

Faster asset growth than 74% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

36th percentile

-0.0%

Faster revenue growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$6,106,588

Up $547,145 (+9.8%) from 2017

Net Assets

Up

$5,086,902

Up $562,230 (+12%) from 2017

Liabilities

Down

$1,019,686

Down $15,085 (-1.5%) from 2017

Revenue

Down

$10,730,563

Down $1,955 (-0.0%) from 2017

Expenses

Up

$10,254,821

Up $215,625 (+2.1%) from 2017

Net Income

Down

$475,742

Down $217,580 (-31%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $4,224,512Liabilities 2011: $986,275Net Assets 2011: $3,238,2372011Assets 2012: $3,918,024Liabilities 2012: $1,004,671Net Assets 2012: $2,913,3532012Assets 2013: $3,843,087Liabilities 2013: $1,012,330Net Assets 2013: $2,830,7572013Assets 2014: $4,156,313Liabilities 2014: $904,711Net Assets 2014: $3,251,6022014Assets 2015: $5,535,456Liabilities 2015: $965,743Net Assets 2015: $4,569,7132015Assets 2016: $4,663,682Liabilities 2016: $917,847Net Assets 2016: $3,745,8352016Assets 2017: $5,559,443Liabilities 2017: $1,034,771Net Assets 2017: $4,524,6722017Assets 2018: $6,106,588Liabilities 2018: $1,019,686Net Assets 2018: $5,086,9022018Assets 2019: $6,145,807Liabilities 2019: $1,099,171Net Assets 2019: $5,046,6362019Assets 2020: $7,759,243Liabilities 2020: $3,034,963Net Assets 2020: $4,724,2802020Assets 2021: $8,250,510Liabilities 2021: $1,238,107Net Assets 2021: $7,012,4032021Assets 2022: $8,074,708Liabilities 2022: $1,197,481Net Assets 2022: $6,877,2272022Assets 2023: $10,321,431Liabilities 2023: $1,881,596Net Assets 2023: $8,439,8352023Assets 2024: $10,877,912Liabilities 2024: $3,073,250Net Assets 2024: $7,804,6622024

Highlighted filing

2018

Assets$6,106,588
Liabilities$1,019,686
Net Assets$5,086,902

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $6,210,4092011Expenses 2012: $7,227,0202012Expenses 2013: $7,043,7022013Revenue 2014: $7,516,544Expenses 2014: $7,144,002Net Income 2014: $372,5422014Revenue 2015: $9,130,451Expenses 2015: $7,835,544Net Income 2015: $1,294,9072015Revenue 2016: $7,910,881Expenses 2016: $8,698,999Net Income 2016: -$788,1182016Revenue 2017: $10,732,518Expenses 2017: $10,039,196Net Income 2017: $693,3222017Revenue 2018: $10,730,563Expenses 2018: $10,254,821Net Income 2018: $475,7422018Revenue 2019: $11,138,049Expenses 2019: $11,248,630Net Income 2019: -$110,5812019Revenue 2020: $11,430,670Expenses 2020: $11,719,073Net Income 2020: -$288,4032020Revenue 2021: $13,413,592Expenses 2021: $11,744,968Net Income 2021: $1,668,6242021Revenue 2022: $12,111,448Expenses 2022: $12,100,953Net Income 2022: $10,4952022Revenue 2023: $15,123,701Expenses 2023: $13,560,776Net Income 2023: $1,562,9252023Revenue 2024: $15,472,503Expenses 2024: $16,368,710Net Income 2024: -$896,2072024

Highlighted filing

2018

Revenue$10,730,563
Expenses$10,254,821
Net Income$475,742
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 11, 2018
Return Version
2017v2.3
Gross Receipts
$11,460,509
Mission and Program Overview

Mission

We believe neighborhoods and communities are enhanced when all the people in them, including those with disabilities, participate fully. Our services are based on the conviction that people with disabilities should live in their own homes and have control over their day-to-day lives just as do people without disabilities. We believe that being a part of the community should not be limited by attainment of certain skills. Helping people achieve true citizenship requires all of us to make the concepts of freedom and choice a reality. We do this through our services, our participation in our community, and within our hearts - each day, every day.

To assist people with disabilities, the organization provides individualized supported living services for adults with intellectual and developmental disablities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,933,413$2,684,544▲ $751,131
Cash and Non-Interest-Bearing Accounts$1,527,057$1,210,408▼ $316,649
Accounts Receivable$873,990$893,675▲ $19,685
Land, Buildings, and Equipment, Net$183,373$187,454▲ $4,081
Pledges and Grants Receivable$44,004$31,090▼ $12,914
Inventories for Sale or Use$16,288$13,469▼ $2,819
Other Notes and Loans Receivable, Net$7,000$7,000→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$5,559,443$6,106,588▲ $547,145
Other Assets Total$974,318$1,078,948▲ $104,630
Liabilities
Accounts Payable and Accrued Expenses$1,006,219$1,006,464▲ $245
Other Liabilities$23,842$12,637▼ $11,205
Deferred Revenue$4,710$585▼ $4,125
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,034,771$1,019,686▼ $15,085
Net Assets / Fund Balance
Unrestricted Net Assets$4,393,675$4,963,075▲ $569,400
Temporarily Rstr Net Assets$120,997$113,827▼ $7,170
Permanently Rstr Net Assets$10,000$10,000→ $0
Total Net Assets Fund Balance$4,524,672$5,086,902▲ $562,230
Total Liabilities and Net Assets / Fund Balance$5,559,443$6,106,588▲ $547,145

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$187,066$387,107$574,173
Other Land Buildings$388$17,156$17,544
Other Assets Org$1,022,419--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Caren Lynne SeagleExecutive DirectorFT$116,755$8,832$125,587

Board Members and Trustees

NameTitle
Jonathan GrayPresident
Anne StandingVice President
Diana WhiteDirector
Dorothy ClarkDirector
Dr Tom MccuneDirector
Joshua HarrisDirector
Joshua HowellDirector
Matthew FineDirector
Pam KatranchaDirector
Peter T LeddyDirector
Richard C Mapp IiiDirector
Scott GurlingerDirector
Shannon Layman-pecoraroDirector
Whitney KatzDirector
Tom MossSecretary
Janet DavisTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$737,546
Program Service Revenue
$10,046,254
Investment Income
$28,970
Other Revenue
$-82,207
All Other Contributions
$693,590
Change in Net Assets
$475,742

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$304,592Annual Sales Value
Total Noncash Contributions$304,592-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,726,214
Revenue Not Reported on Financial Statements
$4,349
Revenue Not Reported on Form 990
$143,020
Other Revenue Adjustments
$4,349
Total Revenue per Audited Statements
$10,869,234
Total Revenue per Form 990
$10,730,563
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,795,463
Other Expenses$1,314,550
Total Fundraising Expense$305,900
Grants and Similar Amounts Paid$144,808
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,004,911$638,933$103,802$6,747,646
Other Employee Benefits$898,232$74,686$18,602$991,520
Payroll Taxes$465,823$48,812$9,785$524,420
Pension Plan Contributions$314,864$89,296$7,720$411,880
All Other Expenses$215,817$57,262$46,813$319,892
Occupancy$134,272$99,580-$233,852
Other Expenses$34,722$47,397$82,327$164,446
Insurance$143,212$9,460$1,646$154,318
Grants to Domestic Individuals$144,808--$144,808
Current Officers, Directors, Trustees, and Key Employees$71,998$23,999$24,000$119,997
Office Expenses$63,676$12,622$3,133$79,431
Depreciation Depletion$74,087$2,917-$77,004
Payments to Affiliates$33,682--$33,682
Travel$30,995-$856$31,851
Conferences and Meetings$12,137$34-$12,171
Advertising$282-$3,840$4,122
Interest$129$1,100$1,167$2,396
Total Functional Expenses$8,838,217$1,110,704$305,900$10,254,821

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,263,934
Total Expenses per Form 990$10,254,821
Expenses per Audited Statements$10,207,402
Expenses Not Reported on Form 990$56,532
Expenses Not Reported on Financial Statements$47,419
Other Expense Adjustments$47,419
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$316,227
Fundraising Direct Expenses$168,777
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art Festival$205,584$205,584$61,267$144,317
Total Events$316,027$316,027$168,577$147,450
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Withholdings$12,637
Due to Affiliate$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

990, Part VI, Section B, Line 11B - Form 990 Review

Form 990 is distributed to the executive committee for review before the organization files the return.

990,part VI, Section C, Line 19 - Public Inspection

The organization makes available to the public upon request its governing documents, conflict of interest policy, and financial statements.

990, Part VI, Section B, Line 15 - Compensation

The board of directors will employ and annually evaluate the performance of the executive director and authorize the employment of such other persons as it may deem necessary or appropriate for the successful execution of the purposes of the corporation. The executive committee of the board of directors meets each year to evaluate performance and determine appropriate compensation for the executive director, including other benefit compensation changes or additions.

990, Part VI, Section B, Line 12C - Conflict of Interest

Directors sign a conflict of interest policy upon election to the board of directors. The foundation keeps the signed acknowledgements on file. The board of directors periodically reviews the conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Hope House Foundation
EIN
54-0804383
In Care Of
% DIANE BEAMAN
Phone
7576256161
Address
801 Boush Street Suite 302, Norfolk, VA 23510

Signing Officer

Name
Caren Lynne Seagle
Title
Executive Director
Phone
7576256161
Signed
2018-10-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Caren Lynne Seagle
Formed
1965
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
16
Employees
386
Volunteers
287

Preparer

Firm
Bdo USA Llp
Address
150 Boush Street Suite 1100, Norfolk, VA 23510
Preparer
James E Prince III
Phone
7576407190
Supplemental Narrative

Additional Explanations

990, Part XI, Line 9 - Other Changes in Net Assets

Net increase of $86,488 in the interest in net assets of the hampton roads community foundation.

Financial Statement Notes

Sch D,part X,line 2 - Fin 48 Footnote

Management continually evaluates tax positions reflected in the organization's tax filings and believes no material uncertain tax positions exist.

Reconciliation Schedule D, Parts XI Line 2D, and XII line 2D

Part XI line 2d and Part XII line 2d report a net increase totaling $47,419 to the corresponding amounts of revenue and expense reported on the audited financial statements. The net increase consists of the following: (i) contribution to affiliate $43,070; and (ii) gain on disposition of depreciable assets $4,349.

Sch D,part XI, Line 4B - Change in Net Assets

Gain on disposition of fixed assets of $4,349.

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.9$3.07$7.80$15.5$16.4$0.90
2023Detailed filing. Detailed filing data is available for this year.$10.3$1.88$8.44$15.1$13.6$1.56
2022Detailed filing. Detailed filing data is available for this year.$8.07$1.20$6.88$12.1$12.1$0.01
2021Detailed filing. Detailed filing data is available for this year.$8.25$1.24$7.01$13.4$11.7$1.67
2020Detailed filing. Detailed filing data is available for this year.$7.76$3.03$4.72$11.4$11.7$0.29
2019Detailed filing. Detailed filing data is available for this year.$6.15$1.10$5.05$11.1$11.2$0.11
2018Detailed filing. Detailed filing data is available for this year.$6.11$1.02$5.09$10.7$10.3$0.48
2017Detailed filing. Detailed filing data is available for this year.$5.56$1.03$4.52$10.7$10.0$0.69
2016Detailed filing. Detailed filing data is available for this year.$4.66$0.92$3.75$7.91$8.70$0.79
2015Detailed filing. Detailed filing data is available for this year.$5.54$0.97$4.57$9.13$7.84$1.29
2014Detailed filing. Detailed filing data is available for this year.$4.16$0.90$3.25$7.52$7.14$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.84$1.01$2.83$7.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$1.00$2.91$7.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.22$0.99$3.24$6.21