SILVER2023

hope+door

helping families avoid homelessness

Wayne, PA   |  hopeanddoor.org
GuideStar Charity Check

hope+door

EIN: 87-1572304


Mission

Our mission is to make a transformative impact one family at a time. We do this by providing rental assistance to families who are facing homelessness as a result of an unforeseen life event beyond their control. We envision a bright, prosperous, stable future for families with children that eliminates the worry of housing insecurity, moving children out of their schools, or other difficult choices.  By mitigating these issues, we hope to provide stability and set these families on a trajectory for success beyond the current circumstance.

Ruling year info

2022

Chairman

Dan Berger

Executive Director

Sean Daudelin

Main address

950 W Valley Rd Ste 2500

Wayne, PA 19087 USA

Show more contact info

EIN

87-1572304

Subject area info

Rent and mortgage assistance

Population served info

Economically disadvantaged people

Out-of-home youth

Victims of crime and abuse

Victims of disaster

Unemployed people

NTEE code info

Housing Expense Reduction Support, Rent Assistance (L82)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Family Relief

The hope+door Family Relief Grant is designed to provide emergency rental relief to families who are experiencing an isolated financial crisis. Our grant is made directly to a family's landlord in an amount that is equal to two months of rent. Our grant is designed to allow families to remain in their home during financial crisis and avoid eviction. By proactively avoiding evictions, the Family Relief Grant helps families avoid homelessness.

Population(s) Served
Economically disadvantaged people
Out-of-home youth
Victims of crime and abuse
Victims of disaster
Unemployed people

Where we work

Financials

hope+door
Fiscal year: Jan 01 - Dec 31
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

1.35

Average of 1.35 over 1 years

Months of cash in 2022 info

SOURCE: IRS Form 990

21.2

Average of 21.2 over 1 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 0% over 1 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

hope+door

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

hope+door

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

hope+door

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of hope+door’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2022
Unrestricted surplus (deficit) before depreciation $119,791
As % of expenses 69.3%
Unrestricted surplus (deficit) after depreciation $119,791
As % of expenses 69.3%
Revenue composition info
Total revenue (unrestricted & restricted) $292,645
Total revenue, % change over prior year 0.0%
Program services revenue 0.0%
Membership dues 0.0%
Investment income 0.0%
Government grants 0.0%
All other grants and contributions 100.0%
Other revenue 0.0%
Expense composition info
Total expenses before depreciation $172,854
Total expenses, % change over prior year 0.0%
Personnel 0.0%
Professional fees 1.2%
Occupancy 0.0%
Interest 0.0%
Pass-through 66.1%
All other expenses 32.7%
Full cost components (estimated) info 2022
Total expenses (after depreciation) $172,854
One month of savings $14,405
Debt principal payment $0
Fixed asset additions $0
Total full costs (estimated) $187,259

Capital structure indicators

Liquidity info 2022
Months of cash 21.2
Months of cash and investments 21.2
Months of estimated liquid unrestricted net assets 8.6
Balance sheet composition info 2022
Cash $304,746
Investments $0
Receivables $22,000
Gross land, buildings, equipment (LBE) $0
Accumulated depreciation (as a % of LBE) 0.0%
Liabilities (as a % of assets) 64.5%
Unrestricted net assets $124,356
Temporarily restricted net assets N/A
Permanently restricted net assets N/A
Total restricted net assets $0
Total net assets $124,356

Key data checks

Key data checks info 2022
Material data errors No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Chairman

Dan Berger

Executive Director

Sean Daudelin

Number of employees

Source: IRS Form 990

There are no officers, directors or key employees recorded for this organization

There are no highest paid employees recorded for this organization.

This organization has no recorded board members.