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Nonprofiteer
← HOPE HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by HOPE HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$279,528
Total expenses
$245,650
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$270,869
Investment income
$4,986
Other revenue
$3,673
Total assets, end of year
$1,083,048
Total liabilities, end of year
$181,240
Net assets or fund balances, end of year
$901,808
Program services expenses (Part IX)
$245,650
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$245,650

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 $67,200 · related or exempt $67,200

  • 2b · Program service revenue: MANAGEMENT FEE

    total $103,985 · related or exempt $103,985

  • 2c · Program service revenue: BOOKKEEPING FEE

    total $18,795 · related or exempt $18,795

  • 2d · Program service revenue: REIMBURSEMENTS

    total $80,889 · related or exempt $80,889

  • 3 · Investment income

    total $136 · related or exempt $136

  • 7a · Gross sales of assets other than inventory

    other assets $4,850

  • 7c · Gain or loss

    other assets $4,850

  • 7d · Net gain or loss

    total $4,850 · related or exempt $4,850

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: INSURANCE REFUND

    total $3,673 · related or exempt $3,673

  • 11e · Other revenue, total

    $3,673

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $74,914 · program services $74,914

  • 10 · Payroll taxes

    total $5,719 · program services $5,719

  • 11c · Fees: accounting

    total $74,460 · program services $74,460

  • 13 · Office expenses

    total $1,326 · program services $1,326

  • 16 · Occupancy

    total $10,767 · program services $10,767

  • 17 · Travel

    total $5,030 · program services $5,030

  • 22 · Depreciation, depletion and amortization

    total $11,166 · program services $11,166

  • 23 · Insurance

    total $32,635 · program services $32,635

  • 24a · Other expenses: CONTRACT SERVICES

    total $7,100 · program services $7,100

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $21,959 · program services $21,959

  • 24c · Other expenses: TELEPHONE

    total $574 · program services $574

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $148,754 · end of year $84,377

  • 4 · Accounts receivable

    beginning of year $477,474 · end of year $645,036

  • 7 · Other notes and loans receivable

    beginning of year $41,828 · end of year $59,285

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

    $516,783

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

    $222,433

  • 10c · Land, buildings and equipment, net

    beginning of year $305,516 · end of year $294,350

  • 17 · Accounts payable and accrued expenses

    beginning of year $105,642 · end of year $181,240

  • 27 · Net assets without donor restrictions

    beginning of year $867,930 · end of year $901,808

Mission and programs · 2024

Mission

HOPE HOUSING PROVIDES NONRESIDENTIAL FACILITIES TO OTHER NONPROFIT ORGANIZATIONS, STATE AND LOCAL GOVERNMENTS

  • TO PROVIDE OCCUPANCY TO OTHER 501(C) ORGANIZATIONS

    Expenses $245,650 · Revenue $279,528

As filed on the 2024 return.

Listed in Part VII

  • Ronald Paulk

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Bill Higginson

    SEC TREAS

    Total calculated
    $0
    Hours/week
    0

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 September 2026
IRS schema version
2024v5.2
Source object
202632589349300433

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