Nonprofit · EIN 03-0374933
HOPE INITIATIVES CDC INCORPORATED
Tax-exempt · ROCHESTER, NY 14608
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,008,862 | $1,170,989 | -$162,127 | $337,122 | $315,691 | $21,431 |
| September 30, 2024 | 990 | $1,079,832 | $1,142,923 | -$63,091 | $480,465 | $296,907 | $183,558 |
| September 30, 2023 | 990 | $1,144,472 | $1,099,842 | $44,630 | $558,976 | $312,327 | $246,649 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $122,543
- of which government grants
- $120,247
- Program service revenue
- $833,763
- Investment income
- $1
- Net rental income
- $52,555
- Other revenue
- $52,555
Expenses
- Grants and similar amounts paid
- $350
- Compensation of officers, directors and key employees
- $178,988
- Salaries, compensation and benefits (total)
- $528,144
- Professional fundraising fees
- $0
- Accounting fees
- $18,090
- Occupancy
- $21,867
- Travel
- $44
- Depreciation
- $14,060
- Program services (functional)
- $882,750
- Management and general (functional)
- $288,239
Balance sheet and other
- Total assets, start of year
- $480,465
- Total assets, end of year
- $337,122
- Total liabilities, end of year
- $315,691
- Net assets, end of year
- $21,431
- Land, buildings and equipment
- $144,334
- Net assets without donor restrictions
- -$35,629
- Net assets with donor restrictions
- $57,060
- Gross receipts
- $1,008,862
- Employees
- 15
- Volunteers
- 0
- Year formed
- 2002
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tim Mclure | CEO Officer | 37.5 | $96,250 |
| David Dey | Finance Director Officer | 10 | $82,738 |
| Eric Nagle | Chairperson Trustee or director, Officer | 1 | $0 |
| Michael Olson | Treasurer Trustee or director, Officer | 1 | $0 |
| Michael Shipman | Director at Large Trustee or director | 1 | $0 |
| Arnis Sprancmanic | Secretary Trustee or director, Officer | 1 | $0 |
| Jeremy Bielawski | Director at Large Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DALE SEDGWICK | CEO - THRU 3/31/24 Officer | 37.5 | $39,362 |
| TIM MCCLURE | CEO Officer | 37.5 | $34,327 |
| DAVID DEY | FINANCE DIRECTOR Officer | 10 | $31,875 |
| LORI SOUSA-MEIXELL | BOARD VICE CHAIRPERSON - RESIGNED DURING YEAR Trustee or director, Officer | 1 | $0 |
| ERIC NAGLE | BOARD CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| MICHAEL OLSON | DIRECTOR AT LARGE Trustee or director | 1 | $0 |
| MICHAEL SHIPMAN | DIRECTOR AT LARGE Trustee or director | 1 | $0 |
| ARNIS SPRANCMANIS | BOARD SECRETARY Trustee or director, Officer | 1 | $0 |
| WAYNE COLEMAN | DIRECTOR AT LARGE - RESIGNED DURING YEAR Trustee or director | 1 | $0 |
| JERRY BEILAWSKI | DIRECTOR AT LARGE - JOINED DURING YEAR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VIRGINIA D SEDGWICK | PRESIDENT AND CEO - RESIGNED APRIL 2024 Officer | 40 | $73,685 | $3,248 |
| DAVID DEY | FINANCE DIRECTOR Officer | 10 | $37,451 | $0 |
| LORI SOUSA-MEIXELL | BOARD VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| ERIC NAGLE | BOARD CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL CHEN | TREASURER - THRU MAR 2023 Trustee or director, Officer | 1 | $0 | $0 |
| GEORGE OPIRA | INTERIM TREASURER - RESIGNED JUNE 2024 Trustee or director, Officer | 1 | $0 | $0 |
| HERBERT ALEXANDER | DIRECTOR AT LARGE - THRU MAR 2023 Trustee or director | 1 | $0 | $0 |
| LAWRENCE LEWIS | DIRECTOR AT LARGE - THRU MAR 2023 Trustee or director | 1 | $0 | $0 |
| MICHAEL OLSON | DIRECTOR AT LARGE Trustee or director | 1 | $0 | $0 |
| MIKE IACUCCI | DIRECTOR AT LARGE - THRU JAN 2023 Trustee or director | 1 | $0 | $0 |
| MICHAEL SHIPMAN | DIRECTOR AT LARGE Trustee or director | 1 | $0 | $0 |
| ARNIS SPRANCMANIS | BOARD SECRETARY - JOINED DURING YEAR Trustee or director, Officer | 1 | $0 | $0 |
| WAYNE COLEMAN | DIRECTOR AT LARGE - JOINED DURING YEAR Trustee or director | 1 | $0 | $0 |
| DAVID VICKERS | DIRECTOR AT LARGE - THRU DEC 2022 Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 506 WEST BROAD STEEET, ROCHESTER, NY 14608-0000
- Principal officer (990 for 2024)
- Tim McClure, 506 West Broad Steeet, Rochester, NY 14608
- Signed the 990
- Tim McClure, CEO
- Phone
- (585) 697-0407
- Website
- WWW.MAKINGHOPEPOSSIBLE.COM
- Return prepared by
- Allied CPAs PC
Mission
None
Program accomplishments
- HOPE INITIATIVES WAREHOUSE PROVIDES CLIENTS OF THE MONROE COUNTY DEPARTMENT OF SOCIAL SERVICES AND OF OTHER LOCAL AGENCIES WITH EMERGENCY FURNITURE AND HOUSEHOLD ITEMS, AND MOVING AND STORAGE SERVICES. WE SERVED MORE THAN 1,600 FAMILIES IN 2024-25.HOPE INITIATIVES PROVIDES CARPENTRY, WELDING, AND CNC SKILLS EXPERIENCE TO COMMUNITY SERVICE VOLUNTEERS AND OTHERS WITHIN THE GREATER MONROE COUNTY AREA. ALL PROGRAMS AND SERVICES OPERATE 5 DAYS PER WEEK.Expenses $799,771 · grants $350 · revenue $689,472
- THE HOPE WORKS PROGRAM WAS ESTABLISHED IN 2022. IT BUILDS UPON OUR EXPERIENCE IN PROVIDING WORK EXPERIENCE AND COACHING TO W.E.P. PARTICIPANTS FOR MANY YEARS. HOPE WORKS IS A FULL TIME 12-WEEK WORKFORCE DEVELOPMENT PROGRAM DESIGNED TO PREPARE INDIVIDUALS AGES 18+ FOR MEANINGFUL EMPLOYMENT THROUGH EMPLOYABILITY SKILLS TRAINING AND THROUGH HANDS-ON OCCUPATIONAL SKILLS TRAINING IN BASIC WOODWORKING, WELDING, AND CNC MACHINING. UPON TRAINING COMPLETION, PARTICIPANTS ARE CONNECTED WITH EMPLOYER PARTNERS FOR FULL TIME EMPLOYMENT. THE PROGRAM IS DEISNGED OT SERVCE INDIVIDUALS WHO ARE IN RE-ENTRY FROM INCARCERRATION, RECOVERING FROM SUBSTANCE USE DISORDERS, CHRONICALLY UNEMPLOYED, AGE 18-24 WHO ARE AT RISK FOR GUN VIOLENCE, OR REFERRED BY THE DEPARTMENT OF SOCIAL SERVICES. IN ITS MORE THAN 24 MONTHS OF OPERATION HOPE WORKS HAS ENROLLED OVER 100 INDIVIDUALS, OF WHOM 50% ATTENDED THE PFORGRAM AND APPROXIMATELY 20% GAINED EMPLOYMENT.Expenses $82,979 · revenue $144,291
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 03-0374933
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $337,122
- Income (IRS master file)
- $1,008,862
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,008,862 | $1,170,989 | $337,122 | XML |
| 990 | September 2024 | $1,079,832 | $1,142,923 | $480,465 | XML |
| 990 | September 2023 | $1,144,472 | $1,099,842 | $558,976 | XML |
| 990 | September 2022 | $915,722 | $1,110,036 | $542,342 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0374933).
Questions about HOPE INITIATIVES CDC INCORPORATED
- What is the EIN of HOPE INITIATIVES CDC INCORPORATED?
- The employer identification number (EIN) of HOPE INITIATIVES CDC INCORPORATED is 03-0374933.
- Is HOPE INITIATIVES CDC INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to HOPE INITIATIVES CDC INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE INITIATIVES CDC INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOPE INITIATIVES CDC INCORPORATED due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOPE INITIATIVES CDC INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of HOPE INITIATIVES CDC INCORPORATED?
- The 990 for the year ended September 30, 2025 names Tim McClure.
- Who are the officers and directors of HOPE INITIATIVES CDC INCORPORATED?
- The 990 for the year ended September 30, 2025 lists 7 people; 2 received compensation from the organization, the highest $96,250 (Tim Mclure, CEO).
- How much revenue does HOPE INITIATIVES CDC INCORPORATED have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,008,862, expenses of $1,170,989 and total assets of $337,122 at year end.
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