Overview
What is Hopewell Inc?
Hopewell Inc is a Massachusetts-based nonprofit organization dedicated to providing foster care services. Their mission encompasses offering intensive foster care in individual homes for approximately 502 youth and adults with intellectual and developmental disabilities. The organization's scope extends beyond foster care, encompassing residential, educational, and counseling services to ensure comprehensive support for their clients. With a team of 176 employees, Hopewell Inc is committed to making a positive impact on the lives of those they serve.
Official website here: www.hopewellinc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Hopewell Inc has achieved a commendable 96% rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization excels in maintaining a transparent governance structure, with a fully independent board composed of 14 members. Their comprehensive policies regarding conflict of interest and document retention further demonstrate their commitment to ethical practices and sound financial management.
The organization has shown exceptional financial health, evidenced by a program expense ratio of 81.79%, indicating that a significant portion of its budget is directed towards its programs. Additionally, a low liabilities to assets ratio of 24.06% suggests that Hopewell Inc manages its financial obligations effectively, ensuring sustainability and operational stability.
While the rating highlights numerous strengths, the summary does not address any specific limitations or areas for improvement. Overall, Hopewell Inc appears to be a well-managed nonprofit that prioritizes accountability and effective use of resources, making it a reliable option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Hopewell Inc legitimate?
Hopewell Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hopewell Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $549,905
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,911,778
For more financial information, click here
Official website here: www.hopewellinc.org
What is the mission statement of Hopewell Inc?
Hopewell Inc is dedicated to providing a range of essential services to support youth and adults with mental health needs. Specifically, they offer foster care, residential, educational, and counseling services. Through intensive foster care, Hopewell Inc places 502 clients in private homes as an alternative to institutional care. Their mission aims to make a significant difference in the lives of those they serve. By providing these services, Hopewell Inc strives to create safe, nurturing environments where individuals can thrive and reach their full potential. Their commitment extends to education and counseling as well, ensuring that each person receives the necessary resources to overcome challenges and build a brighter future.
Official website here: www.hopewellinc.org
Who is the CEO of Hopewell Inc?
Shaheer Mustafa is the Director of Hopewell Inc. The CEO's salary of Hopewell Inc is $272,538 and their total compensation is $313,541.
Official website here: www.hopewellinc.org
What is the revenue of Hopewell Inc?
Hopewell Inc's revenue in 2022 was $21,131,703.
Official website here: www.hopewellinc.org
Who are the executives of Hopewell Inc and what are their salaries?
The average compensation at Hopewell Inc during 2022 was $48,078. There are 176 employees at Hopewell Inc.
Here are 17 key members and their salaries (Hopewell Inc's CEO's salary is $272,538 and their total compensation is $313,541):
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- Compensation: $272,538
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- Other: $41,003
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- Compensation: $168,405
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- Other: $28,293
- Compensation: $166,233
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- Other: $24,257
- Compensation: $145,143
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- Other: $18,229
- Compensation: $141,886
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- Other: $9,354
- Compensation: $130,099
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- Other: $24,835
- Compensation: $108,979
- Related: $0
- Other: $7,632
Official website here: www.hopewellinc.org
Where can I find the form 990 for Hopewell Inc?
Hopewell Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopewellinc.org
Learn more at the official website: www.hopewellinc.org
Mission Statement of Hopewell Inc
Hopewell Inc, a renowned nonprofit organization, is dedicated to providing a range of essential services to 502 youth and adult clients in need. The mission of Hopewell Inc is multifaceted, encompassing foster care, residential, educational, and counseling services.
In the realm of foster care, Hopewell Inc offers Intensive Foster Care Services. This program provides private placements in individual homes, ensuring a nurturing and supportive environment for its clients. By offering foster care services, Hopewell Inc plays a critical role in providing temporary shelter and care for children and young adults who are unable to live with their biological families.
The organization extends its reach beyond foster care by also offering residential services. These services provide a stable living environment for individuals in need, enabling them to focus on their personal growth and development. Additionally, Hopewell Inc offers educational services to help its clients acquire the necessary skills and knowledge to succeed in their academic and professional pursuits. Lastly, the organization provides counseling services, offering emotional support and guidance to help individuals deal with various challenges they may face.
Hopewell Inc's mission is to make a positive impact on the lives of its clients, providing them with the necessary resources and support to help them overcome adversity and build a better future for themselves. With a strong commitment to its cause, Hopewell Inc continues to make a difference in the lives of 502 youth and adult clients, offering them a renewed sense of hope and a path forward.
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Impact
October, 2024
Hopewell Inc makes a significant impact by providing vital support services to youth and adults with mental retardation and related disabilities in Dedham, MA. Through its intensive foster care services, the organization offers private placement in individual homes, ensuring that 502 clients receive not only a safe and nurturing environment but also tailored educational and counseling services. This comprehensive approach addresses the diverse needs of individuals, fostering their growth and development in a supportive setting. By focusing on individualized care, Hopewell Inc enhances the quality of life for those it serves, promoting positive outcomes and helping clients achieve their potential. Additionally, the organization's commitment to human services underscores its role in building a stronger community by empowering vulnerable populations.
This information is meant to be a general summary of Hopewell Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,271
- Program Service Revenue: $20,454,834
- Gross Receipts: $21,131,703
Assets and Liabilities:
- Total Assets: $14,910,538
- Total Liabilities: $2,242,510
- Net Assets: $12,668,028
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$19,136,747
OTHER STATE INCOME
Revenue
$1,001,764
CLIENT FEES
Revenue
$316,323
Organization Details
Founding Year
1967
Phone
(617) 629-2710Principal Officer
Shaheer Mustafa
Main Address
3 ALLIED DRIVE 308, DEDHAM, MA, 02026
Website
www.hopewellinc.orgNTEE Category
Code: P320 - Human services
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