HOPE Initiatives CDC Inc
Nonprofit profile at a glance
- EIN
- 030374933
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Rochester, NY, USA
- Phone
- 5856970407
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $1,008,862
- Expenses
- $1,170,989
- Assets
- $337,122
- Liabilities
- $315,691
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Tim Mclure (CEO)
Highest reported compensation
- Tim Mclure (CEO): $96,250 total reported compensation
- David Dey (Finance Director): $82,738 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Hope initiatives envisions the day when "receivers" become "givers". This happens when those who depend upon some form of social service support to meet basic needs have become self-sufficient and able to meet their own needs, and are then willing and able to lend a hand to those who cannot yet help themselves. We help receivers break the cycle of dependency by serving others, developing skills, and thinking differently about their potential.
What it reported doing in 2024
The hope works program was established in 2022. It builds upon our experience in providing work experience and coaching to w.e.p. Participants for many years. Hope works is a full time 12-week workforce development program designed to prepare individuals ages 18+ for meaningful employment through employability skills training and through hands-on occupational skills training in basic woodworking, welding, and cnc machining. Upon training completion, participants are connected with employer partners for full time employment. The program is deisnged ot servce individuals who are in re-entry from incarcerration, recovering from substance use disorders, chronically unemployed, age 18-24 who are at risk for gun violence, or referred by the department of social services. In its more than 24 months of operation hope works has enrolled over 100 individuals, of whom 50% attended the pforgram and approximately 20% gained employment.
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 13
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.5%; rating input score 87
- Program expense ratio: 75.4%; rating input score 75
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- 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: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -16.1%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.29; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.94; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 15.3%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: -2.7% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: -1.8% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: 1.4% per year; rating input score 100; 23rd percentile among comparable filings
Details
- Where the money goes: 87.5% of revenue deployed · 75.4% of spending went to programs
- Governance: 5 of 5 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $883K in reported program spending
- Leadership: top reported pay $96K · 7 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 3 filed related-organization links
- 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.
- High — Sustainability: Operating margin scored 12/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- High — Sustainability: Officer compensation ratio scored 22/100.