Our mission is to connect our community, promote healing and dare to dream of a truer, braver future for Hope & Home. 

For the fiscal year that ended 8/31/2020,
Hope & Home's Net income (revenue minus expenses) is $2.48 million.

Program service revenue (government funding) was $7,395,394 (page 1, line 9) 
Add to that $844,434 of private donor contributions (page 1, line 8)

Expenses were only $5,783,473

The government is paying Hope & Home more than what it costs to run the organization. Yet even in 2021, Mr. Wright continues to say the opposite and ask for private donations.

The significant boost in revenue in 2019 is due to Colorado Department Human Services doubling child placement agency administration fees.

Net Income
(revenue after expenses):
2020 = $2,486,942
2019 = $1,478,749
2018 = $363,247
2017 = $480,002
2016 = $409,904
2015 = <108,334> Net Loss

As of 2019, Hope & Home can easily operate on government funds alone

CONCERNS WITH HOPE & HOME'S FINANCES

There is no indication that Hope & Home is
Doing anything with the excess money

According to their balance sheet,
their investments didn't increase much.
They haven't paid any debt.

Cash and savings (page 11, lines 1 & 2)
 increased from $1.84 million to $4.51 million.

The excess money that has come in the last 2 years as a result of increased government funding has only resulted in 
$4.51 million dollars as cash in their bank account.

Generally, non-profits should have 3-6 months worth of expenses reserved in cash. Hope & Home has about 8 months of reserves but the nature of their work and government funding are not such that there would be a concern about lapses in funding. 

According to their balance sheet,
their investments didn't increase much.
They haven't paid any debt.

Cash and savings (page 11, lines 1 & 2)
 increased from
$1.84 million to $4.51 million.


The excess money that
has come in the last 2 years as
a result of increased government
funding has only resulted in 
$4.51 million dollars
as cash in their bank account.

why does Hope & Home continue to ask for donations

donations are not being utilized for programing because EXPENSES ARE COVERED BY government funding.

with $4.5 million in the bank?

For the fiscal year ended 8/31/2020 Mr. Wright received a $30,000 raise
(after the board received allegations of sexual harassment)
for total compensation of $260,000.

Ross WRIGHT RECIEVES A high salary while staff
ARE PAID SIGNIFICANTLY LOWER THAN THE MEDIAN SALARY FOR NON-PROFIT ORGANIZATIONS IN COlorado

06/2019
Wendy Neal, former Hope & Home Finance Director, provided Mr. Wright with a salary analyses, citing Employer’s Council compensation reports, that indicated staff at Hope & Home are paid significantly lower than the median salary for non-profit organizations in Colorado.

"every fashion Show ross would always tell us how beautiful we looked and things like, "wow, if people didn't know we were a child placement agency they would think i run a modeling agency."

-former hope & Home employee

90

former & current foster parents

We support the immediate removal of
Ross Wright and Jacque Thurman-Wright

25

former employees

18

foster parent leadership: mentor, support group leader and/or events speaker

20

donors

146

SIGNATURES IN TOTAL