Hope585 Inc

Nonprofit profile at a glance

EIN
825396985
IRS 990 coverage
2021–2025
Forms available
Form 990 2025, Form 990-N 2020
Location
Rochester, NY, USA
Phone
5852610583
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Family Services

Reported finances

Revenue
$1,535,224
Expenses
$1,532,571
Assets
$1,156,838
Liabilities
$394,434

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • Ashley Cross (Executive Director)

Highest reported compensation

  • Ashley Cross (Executive Director): $134,989 total reported compensation
  • Michele Rankin (Controller): $45,301 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We are a relationship-centered community where marginalized youth and their families hope, heal, and thrive.

What it reported doing in 2025

Family Support:-We connect people who can help with people who need help through the Care Portal.-The Legacy Fund is a vital cash assistance program, extending support to every young individual transitioning out of foster care in Monroe County and families within the system striving for reunification, stability, and healing. Annually, our program allocates funds to approximately 150 families, effectively averting homelessness and easing the burdens of poverty.(Continued on Schedule O)-Through resource identification, mental health support, case management, and collaborative goal-setting, our services provide comprehensive assistance to empower families on their journey towards reunification.This program is supported by contributions.

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 91% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 94
  • Accountability: 95
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.9%; rating input score 72
  • Program expense ratio: 71.9%; rating input score 72
  • Fundraising efficiency: $17.02 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

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: 100%; rating input score 100; 78th 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; 64th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.2%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 0.75; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0.34; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 11.8%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 41.4% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 29.5% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 24.8% per year; rating input score 100; 85th percentile among comparable filings

Details

  • Where the money goes: 71.9% of revenue deployed · 71.9% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $1.1M in reported program spending
  • Leadership: top reported pay $135K · 17 people listed
  • Consistency: 35 of 35 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Financial Efficiency: Fundraising efficiency scored 51/100.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.