Hope Center Incorporated

Tax-deductible

Gretna, LA501(c)(3)Human ServicesEIN 72-1472498Revenue $4.2M in FY2024

On file with the IRShopecenterla.org401 Whitney Ave Ste 603, 70056-2506 · Gretna, LATax-exempt since Feb 2002Publicly supported charity — 170(b)(1)(A)(vi)

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The Hope Center, INC. Empowers impoverished individuals from the greater new orleans metropolitan area to become economically stable through specialized technical training, education initiatives, and employment.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 3 volunteers and 21 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $54K a year · 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$596K
to officers and key staff · 15% of spending
Top officer’s pay higher than 87% of similar orgs
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$72K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.2M
+4% vs prior year
Spent
$4.1M
To programs
96%
Net assets
$391K
By yearFY2020–FY2024
Revenue
$4.2M
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$3.5M
FY2022$4.2M
FY2023$4.0M
FY2024$4.2M
Expenses
$4.1M
FY2024▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.1M
FY2021$3.4M
FY2022$4.0M
FY2023$4.1M
FY2024$4.1M
Net assets
$391K
FY2024▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$266K
FY2021$333K
FY2022$516K
FY2023$466K
FY2024$391K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2002.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $3.9M Management & general 4% · $180K

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

8 people listed on the 990; $596K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$187,483Pt VII · Sec A
Deputy Direc
$169,295Pt VII · Sec A
Fiscal Manag
$101,545Pt VII · Sec A
President/Di
$84,350Pt VII · Sec A
Treasurer/Di
$53,795Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Pres/Di
$0Pt VII · Sec A

Cheryl Magee’s $187K as Executive Di is at the 87th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Cheryl Magee$187,483$198,267$148,746$118,955$115,143
Shawn Bax$169,295$169,705$125,191$101,376$98,236
Blanca Magee—$103,977———
Chantal Walker$101,545$102,392———
Wilbert R Walker$84,350$92,035$68,543$54,684$59,402
Laurence Perry$53,795$55,811$43,955$35,672$37,602

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Provides technical training, education, and employment to help people in New Orleans become economically stable.

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Provided by the organization

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1 program · $3.9M · in their own filed words · FY2024
01

Hope center currently services veterans in an effort to end homelessness or prevent homelessness. This is accomplished through funding for the dept. Of veteran affairs homelessness programs. The program provides emergency housing and rapid rehousing placement for veterans and their families.

$3.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $6.9M · 2020–2024
Unitemized GrantFY2024$1,219,791
Unitemized GrantFY2023$919,292
Unitemized GrantFY2022$1,696,489
Unitemized GrantFY2021$1,651,336
Unitemized GrantFY2020$1,377,700

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.2M
Ln 12
Gifts and grantsLn 1h$4.2M
Investment incomeLn 3$15
Money outPt IX
$4.1M
Ln 25
Programscol B$3.9M
Managementcol C$180K
Owns and owesPt X
$391K
net assets · Ln 32
Cash and savingsLn 1–2$33K
Total assetsLn 16$463K
LiabilitiesLn 26$72K
PeoplePt VI, VII
8
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Government grantsLn 1e$3.9M
Investment incomeLn 3$15
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$33K
Cash and savings togetherLn 1–2$33K
Land, buildings, equipmentLn 10c$43K
Total assetsLn 16$463K
LiabilitiesLn 26$72K
Net assetsLn 32$391K
OperationsPt I, VI
EmployeesI 521
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$127K$33K
Land, buildings, equipmentLn 10c$78K$43K
Total assetsLn 16$543K$463K
LiabilitiesLn 26$77K$72K
Net assetsLn 32$466K$391K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.2M$1.2M
Pay of current officers, directors and key staffLn 5$495K$441K$54K
Pay of disqualified personsLn 6$590K$590K
Other salaries and wagesLn 7$1.1M$1.1M
Payroll taxesLn 10$152K$152K
Legal feesLn 11b$38K$38K
Accounting feesLn 11c$32K$7K$25K
Other fees for servicesLn 11g$82K$82K
Office expensesLn 13$102K$54K$47K
Information technologyLn 14$8K$8K$120
OccupancyLn 16$163K$163K
TravelLn 17$48K$48K
Conferences, conventions and meetingsLn 19$3K$3K
InterestLn 20$12K$3K$9K
Depreciation, depletion and amortizationLn 22$34K$28K$7K
InsuranceLn 23$54K$54K
Other expenses (24a–d)Ln 24$601$601
Total functional expensesLn 25$4.1M$3.9M$180K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.2M$4.1M$60K$391K 990 PDF
FY2023 $4.0M$4.1M−$62K$466K 990 PDF
FY2022 $4.2M$4.0M$182K$516K 990 PDF
FY2021 $3.5M$3.4M$31K$333K 990 PDF
FY2020 $3.1M$3.1M$57K$266K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $4,158,957 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,962,667$4,158,942
I-9 Program service revenue$0
I-10 Investment income$15
I-11 Other revenuePrior year $29,330$0
I-12 Total revenuePrior year $3,991,997$4,158,957
I-13 Grants and similar amounts paidPrior year $919,292$1,219,791
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,293,529$2,303,436
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $841,271$575,719
I-18 Total expensesPrior year $4,054,092$4,098,946
I-19 Revenue less expensesPrior year −$62,095$60,011
Part VI · Governance 2 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,158,957 across 5 lines filed
VIII-1e Government grants$3,943,503
VIII-1f All other contributions, gifts and grants$215,439
VIII-1h Total contributions, gifts and grants$4,158,942
VIII-3 Investment incomeExcluded from tax $15$15
VIII-12 Total revenueExcluded from tax $15$4,158,957
Part IX · Statement of functional expenses $4,098,946 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $1,219,791$1,219,791
IX-5 Pay of current officers, directors and key staffPrograms $441,128 · Management $53,795$494,923
IX-6 Pay of disqualified personsPrograms $589,585$589,585
IX-7 Other salaries and wagesPrograms $1,066,631$1,066,631
IX-10 Payroll taxesPrograms $152,297$152,297
IX-11b Legal feesManagement $37,500$37,500
IX-11c Accounting feesPrograms $6,942 · Management $24,891$31,833
IX-11g Other fees for servicesPrograms $81,748$81,748
IX-13 Office expensesPrograms $54,379 · Management $47,347$101,726
IX-14 Information technologyPrograms $8,192 · Management $120$8,312
IX-16 OccupancyPrograms $163,104$163,104
IX-17 TravelPrograms $47,805$47,805
IX-19 Conferences, conventions and meetingsPrograms $2,780$2,780
IX-20 InterestPrograms $3,278 · Management $8,667$11,945
IX-22 Depreciation, depletion and amortizationPrograms $27,600 · Management $6,900$34,500
IX-23 InsurancePrograms $53,865$53,865
IX-24 Other expenses (24a–d)Management $601$601
IX-25 Total functional expensesPrograms $3,919,125 · Management $179,821 · Fundraising $0$4,098,946
Part X · Balance sheet $462,976 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $127,316$32,843
X-3 Pledges and grants receivableStart of year $338,272$385,483
X-4 Accounts receivable$1,574
X-10c Land, buildings and equipment, netStart of year $77,576$43,076
X-16 Total assetsStart of year $543,164$462,976
X-17 Accounts payable and accrued expensesStart of year $16,843$37,086
X-24 Unsecured notes and loans payableStart of year $36,221$10,713
X-26 Total liabilitiesStart of year $77,176$71,911
X-32 Total net assets or fund balancesStart of year $465,988$391,065
X-33 Total liabilities and net assetsStart of year $543,164$462,976
Part XI · Reconciliation of net assets $391,065 net assets at year end
XI-1 Total revenue$4,158,957
XI-2 Total expenses$4,098,946
XI-3 Revenue less expenses$60,011
XI-4 Net assets at start of year$465,988
XI-9 Other changes in net assets−$134,934
XI-10 Net assets at end of year$391,065

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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