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← SEEDS OF HOPE INC

Form 990 for tax year 2024

Filed by SEEDS OF HOPE INC.

Totals

Total revenue
$1,147,339
Total expenses
$602,210
Contributions and grants received
$880,758
Grants paid
$500
Program service revenue
$182,618
Investment income
$77,929
Other revenue
$6,034
Total assets, end of year
$3,863,419
Total liabilities, end of year
$759,468
Net assets or fund balances, end of year
$3,103,951
Program services expenses (Part IX)
$602,210
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$602,210

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $585,530

  • 1e · Government grants (contributions)

    $400

  • 1f · All other contributions, gifts and grants

    $294,828

  • 2a · Program service revenue: RENTAL INCOME

    total $182,618 · related or exempt $182,618

  • 3 · Investment income

    total $86,901 · excluded $86,901

  • 7a · Gross sales of assets other than inventory

    other assets $52,518

  • 7b · Less cost or other basis and sales expenses

    other assets $61,490

  • 7c · Gain or loss

    other assets -$8,972

  • 7d · Net gain or loss

    total -$8,972 · excluded -$8,972

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $585,530

  • 8b · Fundraising events: direct expenses

    $38,437

  • 8c · Net income from fundraising events

    total -$38,437 · excluded -$38,437

  • 9a · Gaming: gross income

    $50,970

  • 9b · Gaming: direct expenses

    $13,965

  • 9c · Net income from gaming

    total $37,005 · excluded $37,005

  • 11a · Other revenue: DEVELOPER FEE

    total $7,466 · excluded $7,466

  • 11e · Other revenue, total

    $7,466

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500 · program services $500

  • 5 · Compensation of officers, directors and key employees

    total $58,117 · program services $58,117

  • 7 · Other salaries and wages

    total $207,116 · program services $207,116

  • 9 · Other employee benefits

    total $38,220 · program services $38,220

  • 10 · Payroll taxes

    total $18,807 · program services $18,807

  • 12 · Advertising and promotion

    total $15,372 · program services $15,372

  • 13 · Office expenses

    total $26,711 · program services $26,711

  • 22 · Depreciation, depletion and amortization

    total $58,730 · program services $58,730

  • 23 · Insurance

    total $29,805 · program services $29,805

  • 24a · Other expenses: MAINTENANCE/REPAIRS

    total $53,832 · program services $53,832

  • 24b · Other expenses: UTILITIES

    total $49,585 · program services $49,585

  • 24c · Other expenses: MISCELLANEOUS RESIDENT

    total $20,980 · program services $20,980

  • 24d · Other expenses: GROCERIES

    total $10,336 · program services $10,336

  • 24e · All other expenses

    total $14,099 · program services $14,099

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,819,716 · end of year $2,490,137

  • 10a · Land, buildings and equipment: cost or other basis

    $1,819,305

  • 10b · Land, buildings and equipment: accumulated depreciation

    $448,523

  • 10c · Land, buildings and equipment, net

    beginning of year $1,410,177 · end of year $1,370,782

  • 15 · Other assets

    beginning of year $87,192 · end of year $2,500

  • 21 · Escrow or custodial account liability

    beginning of year $16,533 · end of year $17,398

  • 25 · Other liabilities

    beginning of year $741,730 · end of year $742,070

  • 27 · Net assets without donor restrictions

    beginning of year $2,558,822 · end of year $2,593,951

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $510,000

Mission and programs · 2024

Mission

THE MISSION OF SEEDS OF HOPE, INC. IS TO PROVIDE TRANSITIONAL, RESIDENTIAL LIVING FOR CHEMICALLY DEPENDENT WOMEN. THE STRUCTURED PROGRAM GIVES THEM A STRONG FOUNDATION THROUGH A LOVING ENVIRONMENT. THIS EMPOWERS THEM TO LEAD DRUG-FREE, SOBER, INDEPENDENT LIVES, AS RESPONSIBLE MEMBERS OF SOCIETY.

Activities or mission (Part I)

ORGANIZATION OPERATES A HOME FOR WOMEN TO ALLOW THEM TO LIVE INDEPENDENTLY.

  • ORGANIZATION OPERATES A HOME FOR CHEMICALLY DEPENDENT WOMEN. THE GOAL IS TO ALLOW THE WOMEN TO LIVE INDEPENDENTLY, CLEAN, SOBER, AND HEALTHY LIVES. DURING 2020, THE ORGANIZATION BECAME AN ADMINISTRATOR IN THE INDIVIDUAL DEVELOPMENT ACCOUNT (IDA) PROGRAM THROUGH THE INDIANA HOUSING COMMUNITY AND DEVELOPMENT AUTHORITY (IHCDA). THIS IDA PROGRAM HELPS LOW-INCOME INDIVIDUALS TO BUILD ASSETS, ATTAIN SELF-SUFFICIENCY, LEARN PERSONAL FINANCIAL SKILLS, AND INVEST IN IMPROVING THEIR QUALITY OF LIFE.

    Expenses $602,210 · Grants $500 · Revenue $182,618

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sean O'Connor

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Charlie Mullen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • David Pasotti

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Wendy Ketterman

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Alexis Trapp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Wayne Nelis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Roger Kessler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Danijel Yeakey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Melanie Reusze

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Bev Brewer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Amy Munguia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Patty Vandervort

    EXECUTIVE DIRECTOR

    Total calculated
    $58,117
    From this org
    $58,117
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ANTHONY GRIMES APARTMENTS AND FAMILY CENTER LP

    RELATED · LOW INCOME HOUSING FOR WOMEN AND CHILDREN · IN · 0.01% owned · general or managing partner

    Directly controlled by AG MANAGER LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AG MANAGER LLC

    C · MANAGEMENT OF LOW INCOME HOUSING UNITS · IN · 50% owned

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202523189349311657

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