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Massachusetts · Nonprofit

HOPEWELL INC

HOPEWELL INC (Massachusetts) receives grants from 57 organizations whose IRS filings report $7,569,098 to it, the largest being LIBERTY MUTUAL FOUNDATION INC ($1,790,000). 35 of them have funded it in more than one year.

Revenue FY2025
$23M
Funders on record
57
Grants received
$7.6M
Net assets
$17M
35/57 repeat funderspeak grant-dependency 11%
01What it does

What Hopewell Inc does

Mission

We enrich the lives and expand the opportunities of children, adults, and families in need of love, support, and safe places to grow and thrive.

As stated on its FY2025 Form 990.

Programs

  1. Comprehensive foster care program:hopewell is the largest nonprofit provider of comprehensive foster care in massachusetts. By recruiting, training, and supporting loving foster homes, we ensure the children and teens in our care receive the resources, supports, and opportunities they deserve. Intensive foster care services providing private placement in individual homes for 357 children and teens in hopewell foster homes in fy25. We recruit, train, and support loving foster homes and ensure the children and teens in our care receive the resources and supports they need. We work to ensure stability and a path to a permanent home, whether that's through reunification with their birth family, a kinship placement, adoption, or legal guardianship.

    $9,329,045 spent$9,082,210 earned by the program
    52% of program spending
  2. Adult services shared living and in home supports programs:we work with adults with disabilities as they pursue independence, live with dignity, and engage as full members of their communities. Adults living with intellectual and developmental disabilities share many of the same hopes and dreams as those who aren't - meaningful work, a comfortable and secure home, good friends, and a loving family. When provided with the right combination of supports, skills training, and education, all of these goals are within their reach.in our shared living program, we match each individual with a local caregiver who provides daily support and supervision in a safe, caring environment. For our in-home supports program, we provide support to adults who live on their own to promote their independence. We also provide parenting support for those with children.

    $2,762,281 spent$3,873,660 earned by the program
    15% of program spending
  3. Counseling - family together program:families in crisis are often facing real-world stressors, such as poverty. But the right combination of supports, at the time they need it most, can help families stay intact so fewer children enter or stay in foster care. Our family together program provides intensive in-home supports to families involved with the department of children and families (dcf) who are working to maintain or regain custody of their children. This year, our family together program supported more than 1,000 children, teens, and family members across massachusetts.

    $2,704,096 spent$3,588,208 earned by the program
    15% of program spending
  4. Residential services - my first place:we support young adults "aging out" of the foster care system as they launch into adulthood. Young people often face uncertainty as they enter adulthood - and this is especially true for those who are "aging out" of the foster care system. To help them reach their full potential at a pivotal time in their lives, our my first place program provides young adults aging out of foster care with shared, rent-free apartments. With a stable place to call home and individualized supports from our team, youth focus on their education and employment goals, build community, and establish foundations for long-term self-sufficiency.my first place is a nationally-recognized program that was first developed more than two decades ago by first place for youth, a california-based nonprofit. Hopewell currently works with young people aging out of foster care in the greater boston and greater springfield, massachusetts areas.

    $1,563,382 spent$1,602,042 earned by the program
    9% of program spending
  5. Educational services policy, advocacy and data sharing & analysis:we drive systemic change across the child welfare field. We work to move the whole system forward by advocating for better policies and practices. To do this, we share data and analysis with decision-makers, build alignment with cross-sector leaders and community members across massachusetts and elevate the insights of youth and families with lived experience in foster care.

    $1,084,458 spent
    6% of program spending
  6. Educational services - rise (education support):we advance educational opportunities for children experiencing foster care. Children experiencing foster care face some of the largest educational opportunity gaps of any group of students in massachusetts and these disparities can have lifelong effects.our newest program, rise (readiness inquiry scholarship education), is a first-of-its-kind approach that is specially-designed to meet the unique needs of students in grades k-3 who are experiencing foster care. Through a combination of personalized, one-on-one tutoring and caregiver support, rise provides children with the building blocks they need to become strong readers.

    $584,570 spent$128,373 earned by the program
    3% of program spending

The 6 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $18,027,832.

02The organization over time

The organization over time

Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20182018 Revenue 100 ($23M) Expenses 100 ($23M) Net assets 100 ($9.9M)2019 Revenue 98 ($23M) Expenses 101 ($23M) Net assets 98 ($9.7M)2020 Revenue 96 ($22M) Expenses 94 ($22M) Net assets 106 ($11M)2021 Revenue 102 ($24M) Expenses 92 ($21M) Net assets 149 ($15M)2022 Revenue 91 ($21M) Expenses 96 ($22M) Net assets 127 ($13M)2023 Revenue 110 ($26M) Expenses 104 ($24M) Net assets 154 ($15M)2024 Revenue 84 ($19M) Expenses 88 ($20M) Net assets 155 ($15M)2025 Revenue 99 ($23M) Expenses 96 ($22M) Net assets 173 ($17M)
'18'19'20'21'22'23'24'25
Revenue (99)Expenses (96)Net assets (173)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $15M to $20M (+35%).

$12M
$11M
$14M
$16M
$15M
$20M
$19M
$20M
'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 7%. Grants only. Government contracts and fees sit inside program revenue.

19% of HOPEWELL INC’s revenue is contributions — about as donation-reliant as the typical peer (21% for the typical peer).

This organization
Typical peer · 3,400 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.

$341k
’18
−$436k
’19
$778k
’20
$2.7M
’21
−$1.0M
’22
$1.8M
’23
−$830k
’24
$983k
’25
0.1
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Shaheer Mustafa

President/CEO

Board chair

James A Mcdaniel

Chairman

As listed on its FY2025 Form 990.

'18'19'20'21'22'23'24'25
Listed1518171917222222
Joined·+5+3+4+1+7+3+1
No longer listed·2423231
03Who funds it

Who funds it, year by year

2018 → 2023: the base broadened from 2 funders to 23 funders, grant income rose $76k → $1.4M.

8 of 57 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 31% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of HOPEWELL INC’s funders (the co-funder graph). Top 30 of 57 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

HOPEWELL INC has a broad base — no single funder exceeds 24% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

33% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund HOPEWELL INC.

24%
largest funder
53%
top three
~9
effective funders

Largest funder’s share by year: 2018 66% · 2019 30% · 2020 41% · 2021 60% · 2022 42% · 2023 38% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

41% of HOPEWELL INC's funders are still giving 3 years after their first grant; 61% give in more than one year at all.

first grant+1y+2y+3y+4y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

90% of HOPEWELL INC's grant income comes from Massachusetts funders.

ME
WA
NY
MA
PA
NJ
CT
RI
DE
TX

In-state vs out-of-state, by year

’18
’19
’20
’21
’22
’23
Massachusetts out of state home

Funder states come from each funder’s own filing. $2.3M arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

HOPEWELL INC runs a healthier operating margin than half of the 2,297 human services nonprofits its size.

Operating margin4% · above the median
Months of reserve0.1mo · bottom quartile
Revenue growth (annualized)−0% · bottom quartile

this organization peer median middle 50% of peers· 2,297 human services nonprofits $10M–$100M, FY2025

Government funding HOPEWELL INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $147.9M on record.

State$147.9M
18
19
20
21
22
23
24
25
Top programs
  • (MM) PURCHASED CLIENT/PROGRAM SVCS$147.9M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like HOPEWELL INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Massachusetts

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

82% of spending goes to programs.

Program 82%Management 15%Fundraising 4%

Governance

14
board members
93%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

57%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MA

Screen this organization

A dated, signed PDF of the compliance screen for HOPEWELL INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds HOPEWELL INC?
HOPEWELL INC (Massachusetts) receives grants from 57 organizations whose IRS filings report $7,569,098 to it, the largest being LIBERTY MUTUAL FOUNDATION INC ($1,790,000). 35 of them have funded it in more than one year.
How many funders does HOPEWELL INC have?
IRS filings report 57 organizations giving $7,569,098 in grants to HOPEWELL INC, 35 of which have funded it in more than one year.
Who is the largest funder of HOPEWELL INC?
LIBERTY MUTUAL FOUNDATION INC is the largest funder on record, with $1,790,000 in grants. The full list of funders is on this page.
How can an organization like HOPEWELL INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Hopewell →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 57 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing