Glen Hope Harbor INC: Nonprofit Profile, Financials & Form 990 (EIN 37-1666738)

Revenue by fiscal year
FY2020	$7.3M
FY2021	$7.5M
FY2022	−$9.6M
FY2023	$18K
FY2024	$0
FY2025	$950K

Expenses by fiscal year
FY2020	$9.5M
FY2021	$9.5M
FY2022	$3.2M
FY2023	$46K
FY2024	$63K
FY2025	$1.4M

Net assets by fiscal year
FY2020	−$9.4M
FY2021	−$11.4M
FY2022	−$24.2M
FY2023	−$24.2M
FY2024	−$24.3M
FY2025	−$24.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

69%

31%

Program services 69% · $948K Management & general 31% · $420K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Randolph N Osherow

Chapter 7 Tr

$0Pt VII · Sec A

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable, stable housing and personal care for seniors with Alzheimer's and dementia.

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Provided by the organization

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1 program · $948K · in their own filed words · FY2025

01

Affordable rents and housing 96-32, with 144 assisted living memory care units in a senior living retirement community.

$948Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$950K

Ln 12

Other incomeLn 4–11$950K

Money outPt IX

$1.4M

Ln 25

Programscol B$948K

Managementcol C$420K

Owns and owesPt X

−$24.7M

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$24.7M

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Other incomeLn 4–11$950K

Total revenueLn 12$950K

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$24.7M

Net assetsLn 32−$24.7M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Total assetsLn 16	$1.6M	$0
LiabilitiesLn 26	$25.9M	$24.7M
Net assetsLn 32	−$24.3M	−$24.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$415K		$415K
Accounting feesLn 11c	$2K		$2K
Depreciation, depletion and amortizationLn 22	$948K	$948K
Other expenses (24a–d)Ln 24	$3K		$3K
Total functional expensesLn 25	$1.4M	$948K	$420K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$950K	$1.4M	−$418K	−$24.7M	990 PDF
FY2024	$0	$63K	−$63K	−$24.3M	990 PDF
FY2023	$18K	$46K	−$29K	−$24.2M	990 PDF
FY2022	−$9.6M	$3.2M	−$12.8M	−$24.2M	990 PDF
FY2021	$7.5M	$9.5M	−$2.0M	−$11.4M	990 PDF
FY2020	$7.3M	$9.5M	−$2.2M	−$9.4M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $950,000 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$950,000

I-12 Total revenue$950,000

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $62,534$1,368,060

I-18 Total expensesPrior year $62,534$1,368,060

I-19 Revenue less expensesPrior year −$62,534−$418,060

Part VI · Governance 2 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members2

VI-2 Family or business relationship among officers or directorsYes

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $950,000 across 2 lines filed

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $950,000$950,000

VIII-12 Total revenueExcluded from tax $950,000$950,000

Part IX · Statement of functional expenses $1,368,060 across 4 lines filed

IX-11b Legal feesManagement $415,072$415,072

IX-11c Accounting feesManagement $1,684$1,684

IX-22 Depreciation, depletion and amortizationPrograms $948,040$948,040

IX-24 Other expenses (24a–d)Management $3,264$3,264

IX-25 Total functional expensesPrograms $948,040 · Management $420,020 · Fundraising $0$1,368,060

Part X · Balance sheet $0 assets, 8 lines filed

X-16 Total assetsStart of year $1,644,909$0

X-17 Accounts payable and accrued expensesStart of year $2,498,350$2,498,348

X-20 Tax-exempt bond liabilitiesStart of year $19,467,601$18,240,754

X-25 Other liabilitiesStart of year $658,168$658,168

X-26 Total liabilitiesStart of year $25,947,261$24,720,412

X-27 Net assets without donor restrictionsStart of year −$24,302,352−$24,720,412

X-32 Total net assets or fund balancesStart of year −$24,302,352−$24,720,412

X-33 Total liabilities and net assetsStart of year $1,644,909$0

Part XI · Reconciliation of net assets −$24,720,412 net assets at year end

XI-1 Total revenue$950,000

XI-2 Total expenses$1,368,060

XI-3 Revenue less expenses−$418,060

XI-4 Net assets at start of year−$24,302,352

XI-10 Net assets at end of year−$24,720,412

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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