Hope for Youth and Families Inc

Nonprofit profile at a glance

EIN
933342421
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Longmeadow, MA, USA
Phone
4132858886
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Children's, Youth Services

Reported finances

Revenue
$1,570,224
Expenses
$1,555,037
Assets
$2,444,340
Liabilities
$2,311,358

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • ROBERT BOLODUC (PRESIDENT/DIRECTOR)

Highest reported compensation

  • SHANELL SHARPE (DIRECTOR OF PROGRAMS): $122,623 total reported compensation
  • NICOLE RONDEAU (CONTROLLER): $57,747 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 79
  • Accountability: 84
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.5%; rating input score 99
  • Program expense ratio: 99.5%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 57.8%; rating input score 58; 30th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 1.57; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.95; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 11.6%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 139.2% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 119.6% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 181.6% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 98.5% of revenue deployed · 99.5% of spending went to programs
  • Governance: 8 of 8 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $123K · 10 people listed
  • Consistency: 26 of 27 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Transparency & Controls: Grant itemization coverage scored 58/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.