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Nonprofiteer
← HOPE REVITALIZATION CORPORATION

Form 990 for tax year 2023

Filed by HOPE REVITALIZATION CORPORATION.

Totals

Total revenue
$23,400
Total expenses
$6,192
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$23,400
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,677,843
Total liabilities, end of year
$700
Net assets or fund balances, end of year
$1,677,143
Program services expenses (Part IX)
$6,192
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$6,192

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $23,400 · related or exempt $23,400

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $6,192 · program services $6,192

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,434 · end of year $57,434

  • 4 · Accounts receivable

    beginning of year $32,900 · end of year $56,300

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

    $1,589,202

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

    $25,093

  • 10c · Land, buildings and equipment, net

    beginning of year $1,570,301 · end of year $1,564,109

  • 17 · Accounts payable and accrued expenses

    beginning of year $700 · end of year $700

  • 27 · Net assets without donor restrictions

    beginning of year $1,659,935 · end of year $1,677,143

Mission and programs · 2023

Mission

TO HELP REVITALIZE NEIGHBORHOODS BY PROMOTING AND PREVENTING RESIDENTIAL AND COMMERCIAL OPPORTUNITIES AND TO ACQUIRE PROPERTIES TO TRANSFORM THE SURROUNDING AREAS OF XAVIER UNIVERSITY.

  • TO HELP REVITALIZE NEIGHBORHOODS BY PROMOTING AND PREVENTING RESIDENTIAL AND COMMERCIAL OPPORTUNITIES AND TO ACQUIRE PROPERTIES TO TRANSFORM THE SURROUNDING AREAS OF XAVIER UNIVERSITY.

    Expenses $6,192

As filed on the 2023 return.

Listed in Part VII

  • Sonia Perez

    TREASURER

    Total calculated
    $0

  • Edward Phillips

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • Michael Rue

    TRUSTEE

    Total calculated
    $0

  • C Reynold Verret

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2024
IRS schema version
2023v6.0
Source object
202521339349302882

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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