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Nonprofiteer
← HOPE FLOATS HEALING & WELLNESS CENTER INC

Form 990 for tax year 2025

Filed by HOPE FLOATS HEALING & WELLNESS CENTER INC.

Totals

Total revenue
$683,374
Total expenses
$565,016
Contributions and grants received
$564,017
Grants paid
$0
Program service revenue
$108,258
Investment income
$4,658
Other revenue
$6,441
Total assets, end of year
$1,711,729
Total liabilities, end of year
$47,984
Net assets or fund balances, end of year
$1,663,745
Program services expenses (Part IX)
$380,497
Management and general expenses
$123,036
Fundraising expenses
$61,483
Program service expenses (Part III)
$380,497

Program services were 67.3% 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

    $35,046

  • 1f · All other contributions, gifts and grants

    $528,971

  • 2a · Program service revenue: CLASS/TREATMENT INCOME

    total $108,258 · related or exempt $108,258

  • 3 · Investment income

    total $4,238 · excluded $4,238

  • 6a · Gross rents

    real property $12,525

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $12,525

  • 6d · Net rental income or loss

    total $12,525 · excluded $12,525

  • 7a · Gross sales of assets other than inventory

    securities $1,420

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

    securities $1,000

  • 7c · Gain or loss

    securities $420

  • 7d · Net gain or loss

    total $420 · excluded $420

  • 8a · Fundraising events: gross income

    $16,755

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

    $35,046

  • 8b · Fundraising events: direct expenses

    $22,839

  • 8c · Net income from fundraising events

    total -$6,084 · excluded -$6,084

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $101,450 · program services $37,600 · management and general $48,810 · fundraising $15,040

  • 7 · Other salaries and wages

    total $205,384 · program services $198,430 · management and general $6,954

  • 10 · Payroll taxes

    total $21,218 · program services $16,274 · management and general $3,887 · fundraising $1,057

  • 11c · Fees: accounting

    total $27,137 · management and general $27,137

  • 11e · Fees: professional fundraising services

    total $38,700 · fundraising $38,700

  • 11f · Fees: investment management

    total $111 · management and general $111

  • 11g · Fees: other

    total $1,375 · management and general $1,375

  • 12 · Advertising and promotion

    total $483 · management and general $428 · fundraising $55

  • 13 · Office expenses

    total $18,054 · program services $14,443 · management and general $2,708 · fundraising $903

  • 14 · Information technology

    total $3,738 · management and general $3,738

  • 16 · Occupancy

    total $43,420 · program services $34,736 · management and general $6,513 · fundraising $2,171

  • 20 · Interest

    total $3,021 · management and general $3,021

  • 22 · Depreciation, depletion and amortization

    total $40,514 · program services $32,411 · management and general $6,077 · fundraising $2,026

  • 23 · Insurance

    total $9,279 · management and general $9,279

  • 24a · Other expenses: CLASS AND TREATMENT

    total $24,964 · program services $24,964

  • 24b · Other expenses: SUPPORT GROUP EXPENSES

    total $18,002 · program services $18,002

  • 24c · Other expenses: BANK CHARGES AND FEES

    total $3,013 · program services $643 · management and general $839 · fundraising $1,531

  • 24d · Other expenses: MISCELLANEOUS

    total $1,903 · program services $439 · management and general $1,464

  • 24e · All other expenses

    total $3,250 · program services $2,555 · management and general $695

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $91,248 · end of year $54,112

  • 3 · Pledges and grants receivable

    end of year $49,903

  • 4 · Accounts receivable

    end of year $10,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,803 · end of year $5,071

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

    $1,897,370

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

    $410,898

  • 10c · Land, buildings and equipment, net

    beginning of year $1,350,723 · end of year $1,486,472

  • 11 · Investments: publicly traded securities

    beginning of year $93,844 · end of year $106,171

  • 17 · Accounts payable and accrued expenses

    beginning of year $651 · end of year $12,797

  • 19 · Deferred revenue

    beginning of year $486 · end of year $0

  • 24 · Unsecured notes and loans payable

    end of year $35,187

  • 27 · Net assets without donor restrictions

    beginning of year $1,277,481 · end of year $1,593,842

  • 28 · Net assets with donor restrictions

    beginning of year $260,000 · end of year $69,903

Mission and programs · 2025

Mission

OUR MISSION IS TO HELP PEOPLE COPE WITH LOSS, SUPPORT THEIR HEALING, AND NURTURE THEIR PHYSICAL AND EMOTIONAL WELL-BEING.

Activities or mission (Part I)

OUR MISSION IS TO HELP PEOPLE COPE WITH LOSS, SUPPORT THEIR HEALING,AND NURTURE THEIR PHYSICAL AND EMOTIONAL WELL-BEING.

  • SINCE ITS FOUNDING IN 2008, HOPE FLOATS HAS SERVED AN ESTIMATED 7,000 INDIVIDUALS WITH OUR FREE SUPPORT GROUPS, SUPPORT RETREATS, PROFESSIONAL TRAINING FOR EDUCATORS AND MENTAL HEALTH PROVIDERS, AND WELLNESS CLASSES. OUR NONPROFIT DRAWS FROM A BROAD, DIVERSE REGION PRIMARILY SOUTH OF BOSTON, INCLUDING THE SOUTH SHORE, SOUTH COAST, AND UPPER CAPE. MANY OF OUR CLIENTS ARE FINANCIALLY DISADVANTAGED FAMILIES WHO OTHERWISE WOULD BE UNABLE TO AFFORD GRIEF SERVICES. IN 2025 HOPE FLOATS SERVED ABOUT 1,900 PEOPLE, MANY THROUGH THE MIKE'S CLUB PROGRAM FOR CHILDREN, TEENS, AND THEIR ADULT CAREGIVERS, AND THROUGH SCHOOL-BASED SUPPORT AND TRAINING, ADULT SUPPORT GROUPS, AND WORKSHOPS. MIKE'S CLUB CONTINUED AS A CORNERSTONE OF SUPPORT FOR CHILDREN AND THEIR FAMILIES FACING THE DESPAIR OF LOSING A LOVED ONE. MORE THAN 64 FAMILIES WERE SERVED.

    Expenses $380,497 · Revenue $108,258

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DENISE BRACK

    BOARD VICE PRESIDENT

    Total calculated
    $26,250
    From this org
    $26,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • KEN BRACK

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    10

  • JANE CORR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • ELIZABETH BINARI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MARY MCKINNON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • JANET WALSH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • TERESA LALLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • VEDNA LACOMBE-HEYWOOD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MIKE HOURAHAN

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • ELIZABETH MCKENNA

    EXECUTIVE DIRECTOR

    Total calculated
    $75,200
    From this org
    $75,200
    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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 4 ELM STREET LLC

    RENTS REAL ESTATE TO HOPE FLOATS · MA · assets $1,408,919

    Directly controlled by HOPE FLOATS HEALING AND WELLNESS CENTER INC

Provenance

Return type
form_990
Tax year
2025
Filed
7 July 2026
IRS schema version
2025v4.2
Source object
202621899349300707

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