At Hope Town Ohio, financial transparency and responsibility are the cornerstones of a thriving community. Join us in our commitment to creating a brighter and financially resilient future for our nonprofit organization and community members. Together, we can achieve greater transparency, sustainability, and impactful change in the lives of those we serve.
Financial Highlights and Revenue Sources:
Financial Stability and Growth:
- In 2022, our revenue was $300,000. 49% of our revenue came from Medicaid rides, 28% from community donations, and 22% from recovery housing residents. Our income from recovery house rent payments and Medicaid rides has further bolstered our financial position.
- We’ve strengthened our financial base through generous community donations exceeding $300,000 over the past two years, ensuring stability and enabling growth in our services.
2023 and Beyond – Diverse Revenue Streams:
- In 2023, we’ve diversified our financial structure, ensuring stability and growth opportunities. We are grateful for the annual state allocation of $150,000 from Ohio MHAS and $150,000 from a county grant through the Mental Health & Recovery Board.
- Long-term partnerships, like the ten-year $25,000 county grant and the five-year contract with the Portage County Jail, have added to our financial sustainability and ability to serve the community effectively.