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← HOUSING FOR HOPE INC

Form 990 for tax year 2024

Filed by HOUSING FOR HOPE INC.

Totals

Total revenue
$1,666,736
Total expenses
$2,103,082
Contributions and grants received
$391,226
Grants paid
$0
Program service revenue
$1,274,440
Investment income
$0
Other revenue
$1,070
Total assets, end of year
$23,178,467
Total liabilities, end of year
$19,692,281
Net assets or fund balances, end of year
$3,486,186
Program services expenses (Part IX)
$1,401,504
Management and general expenses
$701,578
Fundraising expenses
$0
Program service expenses (Part III)
$1,401,504

Program services were 66.6% 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)

    $259,214

  • 1f · All other contributions, gifts and grants

    $132,012

  • 2a · Program service revenue: PROGRAM RENTS

    total $1,274,440 · related or exempt $1,274,440

  • 11a · Other revenue: OTHER REVENUE

    total $1,070 · related or exempt $1,070

  • 11e · Other revenue, total

    $1,070

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $122,290 · program services $109,507 · management and general $12,783

  • 8 · Pension plan contributions

    total $12,408 · program services $11,170 · management and general $1,238

  • 9 · Other employee benefits

    total $23,622 · program services $21,265 · management and general $2,357

  • 10 · Payroll taxes

    total $9,283 · program services $8,357 · management and general $926

  • 11b · Fees: legal

    total $14,000 · program services $14,000

  • 11c · Fees: accounting

    total $9,900 · program services $9,900

  • 11g · Fees: other

    total $12,030 · program services $12,030

  • 13 · Office expenses

    total $1,671 · program services $1,355 · management and general $316

  • 14 · Information technology

    total $361,543 · program services $43,143 · management and general $318,400

  • 16 · Occupancy

    total $165,116 · program services $129,034 · management and general $36,082

  • 17 · Travel

    total $326 · program services $326

  • 20 · Interest

    total $117,000 · program services $117,000

  • 22 · Depreciation, depletion and amortization

    total $508,454 · program services $489,349 · management and general $19,105

  • 23 · Insurance

    total $160,327 · program services $138,658 · management and general $21,669

  • 24a · Other expenses: MAINTENANCE & REPAIRS

    total $548,014 · program services $266,897 · management and general $281,117

  • 24b · Other expenses: OTHER MISCELLANEOUS EXP

    total $29,220 · program services $22,402 · management and general $6,818

  • 24c · Other expenses: EQUIPMENT RENTAL

    total $4,338 · program services $3,571 · management and general $767

  • 24d · Other expenses: HOUSING EXPENSES

    total $3,540 · program services $3,540

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $536,835 · end of year $1,327,664

  • 2 · Savings and temporary cash investments

    beginning of year $55,000 · end of year $484,799

  • 4 · Accounts receivable

    beginning of year $22,535 · end of year $789,696

  • 7 · Other notes and loans receivable

    beginning of year $2,530,000 · end of year $2,780,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,204 · end of year $1,204

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

    $18,365,450

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

    $3,126,076

  • 10c · Land, buildings and equipment, net

    beginning of year $14,900,487 · end of year $15,239,374

  • 15 · Other assets

    beginning of year $2,223,037 · end of year $2,555,730

  • 19 · Deferred revenue

    beginning of year $1,101,767 · end of year $873,648

  • 23 · Secured mortgages and notes payable

    beginning of year $38,517 · end of year $130,000

  • 24 · Unsecured notes and loans payable

    beginning of year $1,650,000 · end of year $1,650,000

  • 25 · Other liabilities

    beginning of year $13,556,282 · end of year $17,038,633

  • 27 · Net assets without donor restrictions

    beginning of year $2,552,532 · end of year $2,116,186

  • 28 · Net assets with donor restrictions

    beginning of year $1,370,000 · end of year $1,370,000

Mission and programs · 2024

Mission

WE AFFIRM THE WORTH AND DIGNITY OF ALL TO REALIZE THEIR GOD-GIVEN POTENTIAL, AND WE ASPIRE TO BE A TRUSTED NAME FOR DEVELOPING HOUSING COMMUNITIES THAT SERVE AS SAFE HOMES FOR VULNERABLE FAMILIES AND INDIVIDUALS.

Activities or mission (Part I)

TO PROVIDE SAFE, QUALITY, AFFORDABLE HOUSING COMMUNITIES FOR WORKING FAMILIES AND INDIVIDUALS IN ARIZONA.

  • HOUSING FOR HOPE IS A PUBLIC 501(C)(3) CHARITY WHOSE MISSION IS TO PROVIDE SAFE AND BEAUTIFUL HOUSING COMMUNITIES FOR FAMILIES LIVING ON LOW INCOMES. THIS AFFORDABLE HOUSING IS MADE POSSIBLE BY OUR PARTNERSHIPS WITH SUPPORTERS, PRIVATE DEVELOPERS AND STATE, COUNTY AND CITY SUPPORTERS. FOUNDED IN 2011, HOUSING FOR HOPE OPENED ITS DOORS TO ADDRESS THE NEED FOR AFFORDABLE HOUSING IN PHOENIX. WITH THIRTY SEVEN AFFORDABLE HOUSING UNITS FOR EVERY 100 LOW-INCOME FAMILIES, LOW RENT PRICED HOUSING IS CRUCIAL FOR PREVENTING HOMELESSNESS.

    Expenses $1,401,504 · Revenue $1,275,510

As filed on the 2024 return.

Listed in Part VII

  • PAUL MULLIGAN

    SECRETARY

    Total calculated
    $222,615
    From this org
    $0
    From related orgs
    $192,759
    Other
    $29,856
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,759 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,056 related
    Nontaxable benefits
    $0 + $27,800 related
    Filer's total
    $0 + $222,615 related

  • STEPHEN CAPOBRES

    EXECUTIVE DIRECTOR

    Total calculated
    $149,991
    From this org
    $0
    From related orgs
    $148,506
    Other
    $1,485
    Hours/week
    20 + 20 related

  • MARCUS SIPOLT

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • DAVID PADDISON

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • QUINN WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • SANDI FLORES

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

  • HOUSING FOR HOPE I LLC

    REAL ESTATE · AZ

  • HOUSING FOR HOPE II LLC

    REAL ESTATE · AZ

  • H4H DEVELOPMENT LLC

    REAL ESTATE · AZ

  • H4H VIRGINIA STREET LLC

    REAL ESTATE · AZ

  • H4H TWIN CEDARS LLC

    REAL ESTATE (INACTIVE) · AZ

  • H4H CEDAR ROSE LLC

    REAL ESTATE · AZ

  • H4H MANZANITA VILLAGE LLC

    REAL ESTATE (INACTIVE) · AZ

  • H4H RIO VERDE LLC

    REAL ESTATE · AZ

  • MESQUITE TERRACE ASSOCIATES LLC

    REAL ESTATE (INACTIVE) · AZ

  • LOFTS AT TWIN CEDARS LLC

    REAL ESTATE (INACTIVE) · AZ

  • H4H MESQUITE TERRACE LLC

    REAL ESTATE · AZ

  • H4H ASPEN LOFTS LLC

    REAL ESTATE · AZ

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611359349306491

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