Totals
- Total revenue
- $564,918
- Total expenses
- $739,698
- Contributions and grants received
- $127,004
- Grants paid
- $0
- Program service revenue
- $437,775
- Investment income
- $346
- Other revenue
- -$207
- Total assets, end of year
- $8,867,086
- Total liabilities, end of year
- $1,558,072
- Net assets or fund balances, end of year
- $7,309,014
- Program services expenses (Part IX)
- $688,029
- Management and general expenses
- $46,598
- Fundraising expenses
- $5,071
- Program service expenses (Part III)
- $688,029
Program services were 93.0% 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.
-
1a · Federated campaigns
$13,335
-
1c · Fundraising events
$14,994
-
1e · Government grants (contributions)
$26,000
-
1f · All other contributions, gifts and grants
$72,675
-
2a · Program service revenue: RENT
total $437,775 · related or exempt $437,775
-
3 · Investment income
total $346 · excluded $346
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: contributions included on line 1c
$14,994
-
8b · Fundraising events: direct expenses
$1,152
-
8c · Net income from fundraising events
total -$1,152
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER INCOME
total $945 · related or exempt $945
-
11e · Other revenue, total
$945
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $73,335 · program services $58,668 · management and general $11,000 · fundraising $3,667
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $32,266 · program services $32,266
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $7,722 · program services $6,963 · management and general $569 · fundraising $190
-
11a · Fees: management
total $22,098 · program services $22,098
-
11b · Fees: legal
total $2,916 · program services $1,073 · management and general $1,843
-
11c · Fees: accounting
total $33,169 · program services $3,960 · management and general $29,209
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $5,800 · program services $5,800
-
12 · Advertising and promotion
total $335 · management and general $335
-
13 · Office expenses
total $1,581 · program services $1,498 · management and general $62 · fundraising $21
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $23,885 · program services $23,102 · management and general $587 · fundraising $196
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $50,695 · program services $50,695
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $254,996 · program services $254,996
-
23 · Insurance
total $25,288 · program services $24,388 · management and general $675 · fundraising $225
-
24a · Other expenses: CONDOMINIUM ASSOCIATION FEES
total $79,201 · program services $79,201
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $74,564 · program services $74,564
-
24c · Other expenses: Real Estate Taxes
total $22,972 · program services $22,972
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $7,439 · program services $5,951 · management and general $1,116 · fundraising $372
-
24e · All other expenses
total $21,436 · program services $19,834 · management and general $1,202 · fundraising $400
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $148,586 · end of year $129,268
-
2 · Savings and temporary cash investments
beginning of year $188,595 · end of year $245,294
-
3 · Pledges and grants receivable
beginning of year $18,929 · end of year $16,016
-
4 · Accounts receivable
beginning of year $74,714 · end of year $2,442
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $31,353 · end of year $25,310
-
10a · Land, buildings and equipment: cost or other basis
$9,817,695
-
10b · Land, buildings and equipment: accumulated depreciation
$1,528,825
-
10c · Land, buildings and equipment, net
beginning of year $8,537,052 · end of year $8,288,870
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $149,682 · end of year $150,103
-
15 · Other assets
beginning of year $10,532 · end of year $9,783
-
17 · Accounts payable and accrued expenses
beginning of year $113,275 · end of year $62,526
-
23 · Secured mortgages and notes payable
beginning of year $1,562,374 · end of year $1,495,546
-
27 · Net assets without donor restrictions
beginning of year -$1,014,007 · end of year -$938,983
-
28 · Net assets with donor restrictions
beginning of year $8,497,801 · end of year $8,247,997
Mission and programs · 2022
Mission
HOPE PARTNERSHIP'S MISSION IS TO CREATE A CONTINUUM OF AFFORDABLE HOUSING OPTIONS IN LOWER MIDDLESEX COUNTY, OLD LYME AND SURROUNDING TOWNS IN ORDER TO HELP ENSURE A VIBRANT ECONOMY AND HOUSING CHOICES FOR ALL CITIZENS THROUGH THE COLLABORATIVE EFFORTS OF GOVERNMENTS, BUSINESSES, RELIGIOUS COMMUNITIES, CIVIC ORGANIZATIONS, AND INDIVIDUALS.
Activities or mission (Part I)
TO CREATE A CONTINUUM OF AFFORDABLE HOUSING OPTIONS IN ORDER TO HELP ENSURE AN ECLECTIC ECONOMY AND HOUSING CHOICES FOR ALL CITIZENS THROUGH THE COLLABORATIVE EFFORTS OF GOVERNMENTS, BUSINESSES, RELIGIOUS COMMUNITIES, CIVIC ORGANIZATIONS, AND INDIVIDUALS.
-
IN ADDITION TO MAINTAINING AFFORDABLE HOUSING FOR 33 LOW-TO MODERATE INCOME HOUSEHOLDS IN ESSEX AND OLD SAYBROOK, HOPE WORKED WITH OUR CO-DEVELOPERS ON NECESSARY ITEMS TO PROGRESS TOWARDS CLOSING ON FINANCING FOR 27 ADDITIONAL NEW UNITS OF HOUSING IN MADISON, CT. THIS COMMUNITY WILL BE COMPOSED OF 24 UNITS OF AFFORDABLE HOUSING WITH 7 MARKET RATE UNITS, 4 OF WHICH ARE ALREADY COMPLETED.HOPE ALSO SUBMITTED, WITH A CO-DEVELOPER, AN RFP RESPONSE TO REDEVELOP A HISTORIC SCHOOL IN CLINTON, THE PIERSON SCHOOL, INTO 50 SENIOR-PREFERENCE AFFORDABLE HOUSING UNITS.HOPE'S EFFORTS INCLUDED ADVOCATING FOR AFFORDABLE HOUSING IN THE COMMUNITIES THEY SERVE AS A WAY TO EDUCATE THE PUBLIC ON THE NEED WITH RPESENTATIONS TO COMMUNITY, BUSINESS, AND RELIGOUS ORGANIZATIONS. HOPE HAS MET WITH ELECTED OFFICIALS INCLUDING FIRST SELECTPERSONS FROM ESSEX, EAST HADDAM, MADISON, OLD SAYBROOK, AND WESTBROOK, AS WELL AS THE APPOINTED TOWN MANAGER OF CLINTON.
Expenses $688,029
As filed on the 2022 return.
Listed in Part VII
-
Karla LindquistKARLA LINDQUIST
Executive Dir.
- Total calculated
- $75,005
- From this org
- $75,005
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Dg FittonDG FITTON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stephen DowlerSTEPHEN DOWLER
Director
- Total calculated
- $0
- Hours/week
- 1
-
John O'GradyJOHN O'GRADY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth BallardELIZABETH BALLARD
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Larry FreundlichLARRY FREUNDLICH
Director
- Total calculated
- $0
- Hours/week
- 1
-
Leslie McKillipLESLIE MCKILLIP
Director
- Total calculated
- $0
- Hours/week
- 1
-
Beebe MillerBEEBE MILLER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Renee PallenbergRENEE PALLENBERG
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bill NealeBILL NEALE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Richard ScholnickRICHARD SCHOLNICK
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tom OrtolevaTOM ORTOLEVA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lon SeidmanLON SEIDMAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Maryellen ShuckerowMARYELLEN SHUCKEROW
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tony LyonsTONY LYONS
President
- Total calculated
- $0
- Hours/week
- 3
-
Preston MaynardPRESTON MAYNARD
Director
- Total calculated
- $0
- Hours/week
- 1
-
Calvin PriceCALVIN PRICE
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Pamela Days-LuketichPAMELA DAYS-LUKETICH
Vice President
- Total calculated
- $0
- Hours/week
- 2
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.
-
LOFTS AT SPENCERS CORNER LLC
AFFORDABLE HOUSING · CT
-
FERRY CROSSING LLC
AFFORDABLE HOUSING · CT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349307645
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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