Project Hope Inc
Nonprofit profile at a glance
- EIN
- 365022006
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Dekalb, IL, USA
- Phone
- 8157567806
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Human Services N.E.C.
Reported finances
- Revenue
- $77,791
- Expenses
- $39,324
- Assets
- $119,440
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Joe Mitchell (Executive Director)
- Andria Mitchell (President)
- Menelek Shah (Vice President)
People named in this filing
- Joe Mitchell (Executive Director)
- Andria Mitchell (President)
- Menelek Shah (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We strive to positively affect our community and alter the trajectory of its residents. We work toward our goal by promoting self-awareness, providing intergenerational mentoring, and offering opportunities for skill-building, training, and education. We're guided by our values: Health: We support holistic health care, which includes physical, mental, emotional, and spiritual wellness. Opportunity: We ensure equality and equity for those who are often overlooked. Purpose: We help people develop their talents and creativity, helping them succeed and improving society for all. Education: We provide opportunities for people to acquire knowledge and skills, a key component of upward mobility and poverty reduction. Empowerment: We promote a safe, uplifting environment where people recognize their power to oppress but to liberate.
What it reported doing in 2024
COMMUNITY PROGRAMMING: $500.00 -Juneteenth. In celebration of this important day, residents of DeKalb County will be gathering at Hopkins Park for fun, fellowship, and food. The festivities will take place on June 15, 2024, from 12 p.m. to 4 p.m. The event will include local vendors, social services, music, food trucks, activities and much more. While this significant milestone is typically noted by African-Americans; this gathering will be welcoming and inviting to everyone. -Fire Victims Donations $1,000.00: There was a fire in a building in a Dekalb IL apartment building that displaced 10 families that included 40 people. Several NFPs and Social Services are helping but more support is needed. Project HOPE partnered with New Hope, First Lutheran Church, and United Methodist Church in Sycamore, and Passion over Profits. Each organization would contribute $1000 ($5000 total) and give each family a gift card for $500.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 66% for direct work, and 34% for grants.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 31
- Transparency & Controls: 82
- Sustainability: 79
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 23.2%; rating input score 23
- Program expense ratio: 43.9%; rating input score 44
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 49.4%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 3.04; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 143.4% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: -27.4% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: 38.4% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 23.2% of revenue deployed · 43.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $17K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 23/100.
- Moderate — Financial Efficiency: Program expense ratio scored 44/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.