Hopewell House For Indepenent Living
Hopewell House For Independent Living shows volatile financial performance with recent significant deficit and asset decline.
EIN: 113811184 · Fairfax, VA · NTEE: E99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $644K |
| Total Expenses | $6.0M |
| Program Spending | 80% |
| Net Assets | $151K |
| Transparency Score | 65/100 |
Is Hopewell House For Indepenent Living Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hopewell House For Indepenent Living directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hopewell House For Indepenent Living
Hopewell House For Indepenent Living (EIN: 113811184) is a nonprofit organization based in Fairfax, VA, classified under NTEE code E99. The organization reported total revenue of $644K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hopewell House For Indepenent Living's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hopewell House For Indepenent Living is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 39.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $6.0M |
| Surplus / Deficit | $-2,774,956 |
| Total Assets | $169K |
| Total Liabilities | $18K |
| Net Assets | $151K |
| Operating Margin | -85.8% |
| Debt-to-Asset Ratio | 10.4% |
| Months of Reserves | 0.3 months |
Financial Health Grade: C
In 2023, Hopewell House For Indepenent Living reported a deficit of $2.8M with expenses exceeding revenue, holds 0.3 months of operating reserves (limited), has a debt-to-asset ratio of 10.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Hopewell House For Indepenent Living's revenue has grown at a compound annual growth rate (CAGR) of 39.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +315.1% | +492.2% | -94.3% |
| 2022 | -19.5% | -2.1% | -8.0% |
| 2021 | +2.6% | +1.4% | -4.1% |
| 2020 | -61.1% | +5.5% | -1.1% |
| 2019 | +208.1% | +14.6% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hopewell House For Indepenent Living with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hopewell House For Indepenent Living allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, directors, trustees, or key employees, which is highly favorable for minimizing administrative costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hopewell House For Indepenent Living's IRS 990 filings:
- Significant revenue volatility year-over-year (e.g., $4.9M in 2012 vs. $60K in 2011).
- Substantial deficit in 2023 ($6,009,002 expenses vs. $3,234,046 revenue).
- Drastic decline in assets from $3,893,118 in 2011 to $40,484 in the latest period.
- Inconsistent financial health indicators over the past decade.
Strengths
The following positive indicators were identified for Hopewell House For Indepenent Living:
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Demonstrated ability to generate significant revenue in certain periods (e.g., $4.9M in 2012, $3.2M in 2023).
- Long filing history (10 filings), suggesting sustained operation over time.
Frequently Asked Questions about Hopewell House For Indepenent Living
Is Hopewell House For Indepenent Living a legitimate charity?
Hopewell House For Indepenent Living (EIN: 113811184) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $644K. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Hopewell House For Indepenent Living spend its money?
Hopewell House For Indepenent Living directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hopewell House For Indepenent Living tax-deductible?
Hopewell House For Indepenent Living is registered as a tax-exempt nonprofit (EIN: 113811184). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hopewell House For Indepenent Living's spending goes to programs?
Hopewell House For Indepenent Living directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hopewell House For Indepenent Living compare to similar nonprofits?
With a transparency score of 65/100 (Good), Hopewell House For Indepenent Living is above average for NTEE category E99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hopewell House For Indepenent Living located?
Hopewell House For Indepenent Living is headquartered in Fairfax, Virginia and files with the IRS under EIN 113811184. It is classified under NTEE code E99.
How many years of IRS 990 filings does Hopewell House For Indepenent Living have?
Hopewell House For Indepenent Living has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $644K in total revenue.
Why did expenses significantly exceed revenue in 2023?
In 2023, Hopewell House For Independent Living reported expenses of $6,009,002 against revenue of $3,234,046, resulting in a substantial deficit. This could be due to one-time capital expenditures, expansion of programs, or unforeseen operational costs.
What caused the drastic decline in assets from $3,893,118 in 2011 to $40,484 in the latest period?
The significant reduction in assets suggests either substantial asset utilization, disposal, or a reclassification of financial holdings. Further investigation into the organization's balance sheets would be needed to understand the specific reasons for this decline.
How does the organization sustain operations with such fluctuating revenue and occasional large deficits?
The organization's ability to continue operations despite fluctuating revenues and large deficits, such as in 2023, might rely on accumulated reserves from prior profitable years (e.g., 2012 and 2019), or potentially new funding sources not immediately reflected in the revenue figures, or even debt financing, though liabilities have also fluctuated.
Filing History
IRS 990 filing history for Hopewell House For Indepenent Living showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hopewell House For Indepenent Living's revenue has grown by 5224.2%, moving from $61K to $3.2M. Total assets decreased by 95.7% over the same period, from $3.9M to $169K. Total functional expenses rose by 683%, from $767K to $6.0M. In its most recent filing year (2023), Hopewell House For Indepenent Living reported a deficit of $2.8M, with expenses exceeding revenue. The organization holds $18K in liabilities against $169K in assets (debt-to-asset ratio: 10.4%), resulting in net assets of $151K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $6.0M | $169K | $18K | — | — |
| 2022 | $779K | $1.0M | $3.0M | $38K | — | View 990 |
| 2021 | $967K | $1.0M | $3.2M | $51K | — | View 990 |
| 2020 | $943K | $1.0M | $3.4M | $118K | — | View 990 |
| 2019 | $2.4M | $968K | $3.4M | $78K | — | View 990 |
| 2015 | $787K | $845K | $3.7M | $1.6M | — | View 990 |
| 2014 | $1.3M | $1.2M | $3.8M | $1.7M | — | View 990 |
| 2013 | $476K | $1.1M | $3.9M | $1.9M | — | View 990 |
| 2012 | $4.9M | $939K | $3.8M | $1.2M | — | View 990 |
| 2011 | $61K | $767K | $3.9M | $5.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $6.0M, and assets of $169K (revenue +315.1% year-over-year).
- 2022: Revenue of $779K, expenses of $1.0M, and assets of $3.0M (revenue -19.5% year-over-year).
- 2021: Revenue of $967K, expenses of $1.0M, and assets of $3.2M (revenue +2.6% year-over-year).
- 2020: Revenue of $943K, expenses of $1.0M, and assets of $3.4M (revenue -61.1% year-over-year).
- 2019: Revenue of $2.4M, expenses of $968K, and assets of $3.4M (revenue +208.1% year-over-year).
- 2015: Revenue of $787K, expenses of $845K, and assets of $3.7M (revenue -40.0% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $3.8M (revenue +175.1% year-over-year).
- 2013: Revenue of $476K, expenses of $1.1M, and assets of $3.9M (revenue -90.3% year-over-year).
- 2012: Revenue of $4.9M, expenses of $939K, and assets of $3.8M (revenue +8008.1% year-over-year).
- 2011: Revenue of $61K, expenses of $767K, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hopewell House For Indepenent Living:
Data Sources and Methodology
This transparency report for Hopewell House For Indepenent Living is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.