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Hope House Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042448579 ✦ Boston, MA ✦ Designated as a 501(c)(3)

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Overview

What is Hope House Inc?

Hope House Inc is a nonprofit organization, centered in Boston, Massachusetts, with a mission to combat alcoholism and substance abuse. They offer a secure, community-based setting for treatment, where individuals learn essential skills to lead a substance-free life, secure employment, reconnect with their families, and contribute positively to their community. Their approach is individualized, providing education, support, and resources to those living with a substance use disorder, enabling them to pursue their passions and maintain self-sufficiency. Beyond helping their clients, Hope House Inc also aims to increase awareness and education about substance abuse and addiction within the wider community. The organization employs 64 people in its mission to make a difference in people's lives.


Official website here: www.hopehouseboston.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 96%, Four-Star out of Four Star rating.

Hope House Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. This score is particularly notable as it is based solely on the Accountability & Finance beacon, where the organization scored 96%. Such a score indicates strong oversight and governance practices, ensuring that funds are utilized effectively toward their mission.

The organization demonstrates a commitment to transparency and ethical practices, with 100% of its board members being independent. Additionally, it has robust financial oversight mechanisms in place, including a dedicated Audit and Oversight Committee. The metrics show that the organization maintains low liabilities relative to its assets and allocates a significant majority of its budget (84.7%) directly towards program expenses.

Overall, while the data emphasizes the strengths in financial management and governance, potential donors may still want to consider any qualitative aspects of the organization's impact and programs. However, from a financial and accountability perspective, Hope House Inc stands out as a well-managed nonprofit.


This AI summary has been generated from information found on Charity Navigator.

Is Hope House Inc legitimate?

Hope House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope House 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: $481,268
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,569,618

For more financial information, click here


Official website here: www.hopehouseboston.org

What is the mission statement of Hope House Inc?

Hope House Inc's mission is centered around providing individualized treatment for individuals struggling with substance use disorder (SUD). Their approach focuses on empowering clients to live substance-free lives, secure employment, rejoin their families, and become productive members of their communities. The organization offers education and support, enabling individuals to pursue their life's goals with family, friends, and employers. Furthermore, Hope House Inc strives to raise awareness and educate the community at large about substance abuse and addiction, fostering a better understanding of this disease.


Official website here: www.hopehouseboston.org

Who is the CEO of Hope House Inc?

Eileen Maguire is the Former President Thru 01/22 of Hope House Inc.


Official website here: www.hopehouseboston.org

What is the revenue of Hope House Inc?

Hope House Inc's revenue in 2022 was $6,395,082.


Official website here: www.hopehouseboston.org

Who are the executives of Hope House Inc and what are their salaries?

The average compensation at Hope House Inc during 2022 was $47,670. There are 64 employees and 14 volunteers at Hope House Inc.


Here are 18 key members and their salaries:


R Edward Waterman (Former President Thru 01/22)
  • Compensation: $156,707
  • Related: $0
  • Other: $21,000
Eileen Maguire (President)
  • Compensation: $116,664
  • Related: $0
  • Other: $16,000
Paul Yates (Former President Thru 01/21)
  • Compensation: $96,000
  • Related: $0
  • Other: $11,000
Christine Arismendi (Chief Operating Officer)
  • Compensation: $95,210
  • Related: $0
  • Other: $10,000
John Archibald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samuel Bays (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Duffly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Graham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip A Murphy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Stowe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherine Roche (Director A/O 04/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allison Finney (Director A/O 04/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Paille (Director A/O 04/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bhraana Abraham (Director Thru 01/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raymond Wilson (Director/Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Collins (Director/Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Muse (Director/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hopehouseboston.org

Where can I find the form 990 for Hope House Inc?

Hope House Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hopehouseboston.org

Learn more at the official website: www.hopehouseboston.org

Mission Statement of Hope House Inc

Hope House Inc, a non-profit organization, is dedicated to providing effective treatment for alcoholism and substance abuse in a secure, community-based setting. The mission of Hope House Inc is to help individuals living with a Substance Use Disorder (SUD) by offering personalized treatment plans. Through education and support, these individuals are encouraged to pursue their interests, rebuild relationships with family, friends, and employers, and become self-sufficient members of their communities, living a substance-free life.

In addition to treating those struggling with addiction, Hope House Inc also aims to raise awareness and educate families and the community at large about substance abuse and the disease of addiction. By doing so, they hope to create a more understanding and supportive environment for those battling addiction, ultimately helping them on their journey to recovery and reintegration into society.

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Impact




June, 2024

Hope House Inc's impact is significant in providing effective treatment for alcoholism and substance abuse in a safe, secure, community-based setting. Clients are empowered to learn the necessary skills to live a substance-free life, secure gainful employment, reintegrate with their families, and ultimately become productive members of their community. This organization's work directly impacts individuals living with a substance use disorder, providing them with individualized treatment, education, and support to pursue their life's interests alongside their family, friends, and employers. Through their efforts, Hope House Inc fosters self-sufficiency among individuals, enabling them to contribute positively to their communities. Additionally, the organization plays a crucial role in raising awareness and educating families and the community at large about substance abuse and the disease of addiction, further enhancing their impact on mental health and overall well-being.




This information is meant to be a general summary of Hope House 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.

Revenue
$6,395,082 (2022)
Expenses
$5,018,047 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $16,908
  • Program Service Revenue: $6,106,310
  • Gross Receipts: $6,395,082

Assets and Liabilities:

  • Total Assets: $4,807,231
  • Total Liabilities: $520,980
  • Net Assets: $4,286,251

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PATIENT SERVICE REVENU

Revenue

$3,591,152

CO-OCCURRING REVENUE

Revenue

$1,708,309

DIRECT COVID ASSISTANC

Revenue

$444,013

OUTPATIENT

Revenue

$253,913

RENT FROM RESIDENTS

Revenue

$107,538

Organization Details

Founding Year

1966

Principal Officer

Eileen Maguire

Main Address

8 FARNHAM STREET, BOSTON, MA, 02119

NTEE Category

Code: F22Z - Mental health

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