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← HOPELOFT

Form 990 for tax year 2022

Filed by HOPELOFT.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 15 February 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$759,666 changed to $898,624
Total expenses
$829,525 changed to $882,326
Contributions and grants received
$731,553 changed to $848,982
Other revenue
$28,113 changed to $49,642
Total assets, end of year
$466,133 changed to $691,034
Total liabilities, end of year
$505,702 changed to $605,212
Net assets or fund balances, end of year
-$39,569 changed to $85,822
Program services expenses
$752,205 changed to $811,173
Management and general expenses
$77,320 changed to $71,153
Program service expenses (Part III)
$752,205 changed to $811,173

Listed only on the earlier return

  • Moises V Vela Jr

Listed only on the later return

  • Moise V Vela Jr

Totals

Total revenue
$759,666
Total expenses
$829,525
Contributions and grants received
$731,553
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$28,113
Total assets, end of year
$466,133
Total liabilities, end of year
$505,702
Net assets or fund balances, end of year
-$39,569
Program services expenses (Part IX)
$752,205
Management and general expenses
$77,320
Fundraising expenses
$0
Program service expenses (Part III)
$752,205

Program services were 90.7% 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.

  • 1e · Government grants (contributions)

    $561,234

  • 1f · All other contributions, gifts and grants

    $170,319

  • 6a · Gross rents

    real property $124,543

  • 6b · Less rental expenses

    real property $96,430

  • 6c · Rental income or loss

    real property $28,113

  • 6d · Net rental income or loss

    total $28,113 · related or exempt $28,113

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $693,721 · program services $624,349 · management and general $69,372

  • 10 · Payroll taxes

    total $61,672 · program services $55,505 · management and general $6,167

  • 11c · Fees: accounting

    total $2,673 · program services $2,406 · management and general $267

  • 11g · Fees: other

    total $1,792 · program services $1,612 · management and general $180

  • 12 · Advertising and promotion

    total $4,104 · program services $4,104

  • 13 · Office expenses

    total $1,312 · program services $1,181 · management and general $131

  • 14 · Information technology

    total $3,723 · program services $3,351 · management and general $372

  • 17 · Travel

    total $544 · program services $490 · management and general $54

  • 23 · Insurance

    total $4,581 · program services $4,123 · management and general $458

  • 24a · Other expenses: DESIGN & CIRRICULUM

    total $39,651 · program services $39,651

  • 24b · Other expenses: ACTIVITIES

    total $5,929 · program services $5,929

  • 24c · Other expenses: MATERIALS

    total $2,349 · program services $2,349

  • 24d · Other expenses: SUBSCRIPTIONS

    total $1,891 · program services $1,702 · management and general $189

  • 24e · All other expenses

    total $5,583 · program services $5,453 · management and general $130

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $91,389 · end of year $28,671

  • 4 · Accounts receivable

    end of year $11,614

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

    $460,000

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

    $34,152

  • 10c · Land, buildings and equipment, net

    beginning of year $972,305 · end of year $425,848

  • 17 · Accounts payable and accrued expenses

    end of year $2,674

  • 19 · Deferred revenue

    end of year $25,000

  • 23 · Secured mortgages and notes payable

    beginning of year $960,435 · end of year $433,528

  • 25 · Other liabilities

    end of year $44,500

  • 27 · Net assets without donor restrictions

    beginning of year $103,259 · end of year -$39,569

Mission and programs · 2022

Mission

TO INVEST IN COMMUNITIES BY WORKING ALONGSIDE PEOPLE AND PROJECTS WHO INSPIRE CHANGE, ADVOCATE FOR SOCIAL JUSTICE, AND COMMIT TO MEETING THE IMMEDIATE NEEDS OF LOCAL CHILDREN AND FAMILIES.

Activities or mission (Part I)

TO INVEST IN COMMUNITIES BY WORKING ALONGSIDE PEOPLE AND PROJECTS WHO INSPIRE CHANGE, ADVOCATE FOR SOCIAL JUSTICE, AND COMMIT TO MEETING THE IMMEDIATE NEEDS OF LOCAL CHILDREN AND FAMILIES. HOPELOFT'S VISION IS TO CREATE OPPORTUNITIES FOR OUR COMMUNITIES TO THRIVE, AND REPLICATE OUR MODEL ACROSS THE NATION AND AROUND THE GLOBE.

  • TO PROVIDE LONG TERM SUPPORTIVE SERVICES FOR YOUTH WHO HAS FACED HARDSHIPS.

    Expenses $640,989 · Revenue $561,234

  • TO ENGAGE IN A YOUTH JOURNALISM PROGRAM TO WRITE LOCAL SOUTH JERSEY STORIES.

    Expenses $18,279 · Revenue $25,000

  • TO CREATE OPPORTUNITIES FOR OUR COMMUNITIES TO THRIVE, AND REPLICATE OUR MODEL ACROSS THE NATION AND AROUND THE GLOBE.

    Expenses $92,937 · Revenue $145,318

As filed on the 2022 return.

Listed in Part VII

  • Moises V Vela Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Luke Repici

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Darleen Andfield

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Richelle Baughn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • William Helmbrecht

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Michelle Rutkowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Melissa Helmbrecht

    EXECUTIVE DI

    Total calculated
    $63,333
    From this org
    $63,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

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.

  • HOPELOFT PROPERTIES LLC

    HOUSING · NJ · income $124,533 · assets $492,095

    Directly controlled by HOPELOFT A NJ NONPROFIT CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333199349301038

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