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Nonprofiteer
← HOPE VILLAGE INC

Form 990 for tax year 2022

Filed by HOPE VILLAGE INC.

Totals

Total revenue
$3,967,592
Total expenses
$3,425,010
Contributions and grants received
$1,465
Grants paid
$0
Program service revenue
$3,869,329
Investment income
$96,798
Other revenue
$0
Total assets, end of year
$46,841,001
Total liabilities, end of year
$39,635,540
Net assets or fund balances, end of year
$7,205,461
Program services expenses (Part IX)
$2,787,410
Management and general expenses
$637,600
Fundraising expenses
$0
Program service expenses (Part III)
$2,787,410

Program services were 81.4% 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.

  • 1f · All other contributions, gifts and grants

    $1,465

  • 1g · Noncash contributions included above

    $625

  • 2a · Program service revenue: RENT & LEASE FEES

    total $2,280,636 · related or exempt $2,280,636

  • 2b · Program service revenue: MONTHLY SERVICE FEES

    total $1,319,206 · related or exempt $1,319,206

  • 2c · Program service revenue: OTHER REVENUE

    total $269,487 · related or exempt $269,487

  • 3 · Investment income

    total $171,145 · excluded $171,145

  • 7a · Gross sales of assets other than inventory

    securities $1,101,988

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

    securities $1,176,335

  • 7c · Gain or loss

    securities -$74,347

  • 7d · Net gain or loss

    total -$74,347 · excluded -$74,347

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $162,592 · management and general $162,592

  • 7 · Other salaries and wages

    total $549,045 · program services $479,218 · management and general $69,827

  • 8 · Pension plan contributions

    total $17,286 · program services $12,856 · management and general $4,430

  • 9 · Other employee benefits

    total $96,942 · program services $72,101 · management and general $24,841

  • 10 · Payroll taxes

    total $81,340 · program services $63,216 · management and general $18,124

  • 11a · Fees: management

    total $152,171 · management and general $152,171

  • 11b · Fees: legal

    total $1,271 · management and general $1,271

  • 11c · Fees: accounting

    total $30,715 · management and general $30,715

  • 11f · Fees: investment management

    total $25,676 · management and general $25,676

  • 11g · Fees: other

    total $4,893 · program services $4,893

  • 12 · Advertising and promotion

    total $74,985 · program services $3,340 · management and general $71,645

  • 13 · Office expenses

    total $3,904 · management and general $3,904

  • 14 · Information technology

    total $22,200 · program services $10,942 · management and general $11,258

  • 16 · Occupancy

    total $910,366 · program services $893,494 · management and general $16,872

  • 17 · Travel

    total $379 · management and general $379

  • 19 · Conferences, conventions and meetings

    total $2,151 · management and general $2,151

  • 20 · Interest

    total $209 · management and general $209

  • 22 · Depreciation, depletion and amortization

    total $1,086,570 · program services $1,086,570

  • 23 · Insurance

    total $101,220 · program services $101,220

  • 24a · Other expenses: BANK CHARGES

    total $28,048 · management and general $28,048

  • 24b · Other expenses: SMALL TOOLS & EQUIP RENT

    total $21,851 · program services $21,851

  • 24c · Other expenses: FEES & LICENSES

    total $20,556 · program services $16,790 · management and general $3,766

  • 24d · Other expenses: SUPPLIES

    total $20,048 · program services $10,542 · management and general $9,506

  • 24e · All other expenses

    total $10,592 · program services $10,377 · management and general $215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,225,322 · end of year $7,661,732

  • 2 · Savings and temporary cash investments

    beginning of year $97,773

  • 4 · Accounts receivable

    beginning of year $2,831 · end of year $292,046

  • 9 · Prepaid expenses and deferred charges

    beginning of year $92,643 · end of year $82,422

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

    $56,758,259

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

    $20,001,383

  • 10c · Land, buildings and equipment, net

    beginning of year $26,349,031 · end of year $36,756,876

  • 11 · Investments: publicly traded securities

    beginning of year $1,900,303 · end of year $2,023,420

  • 15 · Other assets

    beginning of year $25,011 · end of year $24,505

  • 17 · Accounts payable and accrued expenses

    beginning of year $529,195 · end of year $1,313,753

  • 19 · Deferred revenue

    beginning of year $9,737,709 · end of year $13,177,617

  • 23 · Secured mortgages and notes payable

    beginning of year $3,702,984 · end of year $9,591,807

  • 25 · Other liabilities

    beginning of year $13,198,069 · end of year $15,552,363

  • 27 · Net assets without donor restrictions

    beginning of year $6,524,957 · end of year $7,205,461

Mission and programs · 2022

Mission

PROVIDE RESIDENTIAL HOUSING AND COORDINATE SERVICES FOR SENIORS

  • RESIDENTIAL HOUSING AND AMENITIES FOR SENIORS

    Expenses $2,787,410 · Revenue $3,869,329

As filed on the 2022 return.

Listed in Part VII

  • CRAIG GINGERICH

    EXECUTIVE DI

    Total calculated
    $141,306
    From this org
    $0
    From related orgs
    $125,378
    Other
    $15,928
    Hours/week
    40

  • JOHN COLVIN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • DOUG SPRAGUE

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • CLARK YODER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • TOM O'BRIEN

    RESIDENT REP

    Total calculated
    $0
    Hours/week
    2

  • NORM LIND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KELLY YODER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DARREL CAMP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TYLER NIZER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
6 August 2024
IRS schema version
2022v5.0
Source object
202442279349303354

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