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Nonprofiteer
← HOPE COMMUNITY INC

Form 990 for tax year 2022

Filed by HOPE COMMUNITY INC.

Totals

Total revenue
$3,276,829
Total expenses
$4,184,989
Contributions and grants received
$2,228,584
Grants paid
$0
Program service revenue
$52,773
Investment income
$122,855
Other revenue
$872,617
Total assets, end of year
$12,896,217
Total liabilities, end of year
$7,832,917
Net assets or fund balances, end of year
$5,063,300
Program services expenses (Part IX)
$3,504,430
Management and general expenses
$434,634
Fundraising expenses
$245,925
Program service expenses (Part III)
$3,504,430

Program services were 83.7% 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.

  • 1a · Federated campaigns

    $111,416

  • 1e · Government grants (contributions)

    $25,067

  • 1f · All other contributions, gifts and grants

    $2,092,101

  • 2a · Program service revenue: PROGRAM FEES

    total $52,773 · related or exempt $52,773

  • 3 · Investment income

    total $28,761 · excluded $28,761

  • 6a · Gross rents

    real property $919,856

  • 6b · Less rental expenses

    real property $143,458

  • 6c · Rental income or loss

    real property $776,398

  • 6d · Net rental income or loss

    total $776,398 · related or exempt $776,398

  • 7a · Gross sales of assets other than inventory

    securities $120,000

  • 7b · Less cost or other basis and sales expenses

    securities $25,906

  • 7c · Gain or loss

    securities $94,094

  • 7d · Net gain or loss

    total $94,094 · related or exempt $94,094

  • 11a · Other revenue: MISCELLANEOUS

    total $96,219 · related or exempt $96,219

  • 11e · Other revenue, total

    $96,219

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $125,000 · program services $83,623 · management and general $26,174 · fundraising $15,203

  • 7 · Other salaries and wages

    total $1,349,230 · program services $902,613 · management and general $282,514 · fundraising $164,103

  • 9 · Other employee benefits

    total $147,992 · program services $97,404 · management and general $32,527 · fundraising $18,061

  • 10 · Payroll taxes

    total $144,122 · program services $96,818 · management and general $29,754 · fundraising $17,550

  • 11c · Fees: accounting

    total $28,977 · program services $28,977

  • 11g · Fees: other

    total $159,430 · program services $114,498 · management and general $33,777 · fundraising $11,155

  • 13 · Office expenses

    total $15,206 · program services $7,529 · management and general $2,880 · fundraising $4,797

  • 14 · Information technology

    total $35,905 · program services $31,090 · management and general $2,268 · fundraising $2,547

  • 16 · Occupancy

    total $51,047 · program services $47,595 · management and general $1,676 · fundraising $1,776

  • 17 · Travel

    total $2,389 · program services $148 · management and general $2,241

  • 20 · Interest

    total $233,355 · program services $233,355

  • 22 · Depreciation, depletion and amortization

    total $643,822 · program services $632,330 · management and general $5,580 · fundraising $5,912

  • 23 · Insurance

    total $116,913 · program services $107,368 · management and general $7,441 · fundraising $2,104

  • 24a · Other expenses: OPERATING & MAINTENANCE

    total $455,510 · program services $452,867 · management and general $1,499 · fundraising $1,144

  • 24b · Other expenses: UTILITIES

    total $246,480 · program services $246,480

  • 24c · Other expenses: PROGRAM SERVICES

    total $171,101 · program services $171,101

  • 24d · Other expenses: BAD DEBT

    total $117,676 · program services $117,676

  • 24e · All other expenses

    total $140,834 · program services $132,958 · management and general $6,303 · fundraising $1,573

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,358,901 · end of year $1,538,037

  • 2 · Savings and temporary cash investments

    beginning of year $60,900 · end of year $60,872

  • 3 · Pledges and grants receivable

    beginning of year $695,000 · end of year $304,238

  • 4 · Accounts receivable

    beginning of year $118,366 · end of year $116,896

  • 7 · Other notes and loans receivable

    beginning of year $733,064 · end of year $733,064

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,554 · end of year $51,438

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

    $18,133,260

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

    $9,360,047

  • 10c · Land, buildings and equipment, net

    beginning of year $9,330,496 · end of year $8,773,213

  • 11 · Investments: publicly traded securities

    beginning of year $756,626 · end of year $635,047

  • 15 · Other assets

    beginning of year $663,319 · end of year $683,412

  • 17 · Accounts payable and accrued expenses

    beginning of year $376,227 · end of year $418,878

  • 19 · Deferred revenue

    beginning of year $910,147 · end of year $1,009,445

  • 23 · Secured mortgages and notes payable

    beginning of year $6,237,432 · end of year $6,292,318

  • 25 · Other liabilities

    beginning of year $137,046 · end of year $112,276

  • 27 · Net assets without donor restrictions

    beginning of year $4,741,708 · end of year $3,648,490

  • 28 · Net assets with donor restrictions

    beginning of year $1,351,666 · end of year $1,414,810

Mission and programs · 2022

Mission

HOPE COMMUNITY CREATES CONNECTIONS THAT STRENGTHEN THE POWER OF COMMUNITY MEMBERS AND COMMUNITIES. WE CULTIVATE COMMUNITY LEADERS, BUILD COMMUNITY CAPACITY, CARE FOR THE HOUSING AND COMMUNITY SPACES WE DEVELOP, AND PURSUE EQUITY AND DIVERSITY IN ALL THAT WE DO.

  • COMMUNITY ENGAGEMENT- COMPLETED OUR 13TH GROWING SEASON IN OUR GARDENS, RENOVATED THE YOUTH GARDEN WITH WALKING PATHS, IRRIGATION AND ORCHARD. WE WERE ABLE TO BRING TWO YOUTH THAT GRADUATED FROM OUR PROGRAM INTO PAID PART TIME ROLES. 3RD YEAR COMPLETING TRANSFORMATIONAL CREATIVE STRATEGIES TRAINING (TRCSTR). LAUNCHED YOUTH IT CERTIFICATION PROGRAM (CERTIFY ME). PILOTED RESEARCH PROGRAM WITH U OF MN TO EXPLORE CONNECTIONS BETWEEN PARKS AND HOUSING

    Expenses $1,182,316

  • HOPE'S WORK WITH REAL ESTATE AND PUBLIC SPACE FEATRUES AN INNOVATIVE, ENTREPRENEURIAL APPROACH TO COMMUNITY DEVELOPMENT, AND HOPE HAS DVEELOPED A CRITICAL MASS OF HOUSING, INDOOR AND OUTDOOR COMMUNITY SPACE (INCLUDING HOPE'S OFFICES AND COMMUNITY CENTER), AND SPACE FOR TWO NEIGHBORHOOD BUSINESSES THAT ARE CHANGING THE FACE OF A FORMERLY DEVASTATED NEIGHBORHOOD. SOUTH QUARTER, A MAJORE DEVELOPMENT (IN PARTNERSHIP WITH AEON) REFLECTS 20+ YEARS OF PERSISTENT VISION AND STRATEGY TO DEVELOP A CRITICAL MASS OF COMMUNITY-FOCUSED HOUSING ON ALL FOUR CORNERS OF

    Expenses $311,751

  • HOUSING AND ASSET MANAGEMENT- THE PORTLAND AND FRANKLIN INTERSECTION. IN TOTAL, HOPE HAS DEVELOPED 267 UNITS OF HOUSING (70% AFFORDABLE, 30% MARKET RATE), 25,000 SQUARE FEET OF RETAIL, OFFICE AND COMMUNITY SPACE, AND 7500 SQUARE FEET OF URBAN AGRUCULUTRAL SPACE. STABLE, HEALTHY AND AFFORDABLE HOUSING IN A SUPPORTIVE COMMUNITY ENVIRONMENT IS AN EFFECTIVE WAY FOR INDIVIDUALS AND FAMILIES TO MEET THE CHALLENGES THEY ARE FACING TODAY. HOPE'S RELATIONSHIPS WITH RESIDENTS ARE ROOTED IN RESPECT AND MUTUAL ACCOUNTABILITY. HOPE'S PROPERTIES ARE MANAGED BY A PROFESSIONAL MANAGEMENT COMPANY. AS A PROPERTY OWNER COMMITTED TO ITS BULDINS FOR THE LONG-TERM, HOPE IS RESPONSIBLE FOR THE TRADITIOANL DUTIES OF A REAL ESTATE ASSET MANAGER FINANCIAL OVERSIGHT, SELECTION OF PROPERTY MANAGER, COMPLIANCE WITH REGUALARTORY AGREEMENTS, CAPITAL IMPROVEMENT PLANNING, ETC.

    Expenses $2,010,363

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ani Ryan Koch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • C Terrence Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Candice Rosalez

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Olivia Jefferson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Claire Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan McLean

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janette Law

    FUNDRASING CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kia Hakimi

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Lacora Bradford Kesti

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Maria Pabon Gautier

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Steve Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shannon Jones

    EXECUTIVE DIR.

    Total calculated
    $125,000
    From this org
    $125,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

  • HOPE BLOCK STABALIZATION PHASE 1 LLC

    ACQUIRE AND LEASE AFFORDABLE HOUSING · MN · income $174,188 · assets $70,101

  • DUNDRY HOUSE LLC

    ACQUIRE AND LEASE AFFORDABLE HOUSING · MN · income $232,321 · assets $146,200

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FRANKLIN PORTLAND GATEWAY PHASE II LIMITED PARTNERSHIP

    RELATED · OWN AND OPERATE APARTMENT BUILDING TO PROVIDE AFFORDABLE HOUSING TO LOW AND · MN · 0.01% owned · share of income -$122,140 · share of assets $2,944,386 · general or managing partner

  • FRANKLIN PORTLAND GATEWAY PHASE III LIMITED PARTNERSHIP

    RELATED · OWN AND OPERATE APARTMENT BUILDING TO PROVIDE AFFORDABLE HOUSING TO LOW AND · MN · 0.01% owned · share of income -$15 · share of assets $889,057 · general or managing partner

  • FRANKLIN PORTLAND GATEWAY PHASE IV LIMITED PARTNERSHIP

    RELATED · OWN AND OPERATE APARTMENT BUILDING TO PROVIDE AFFORDABLE HOUSING TO LOW AND · MN · 0.01% owned · share of income -$104 · share of assets $308,113 · general or managing partner

Provenance

Return type
form_990
Tax year
2022
Filed
19 June 2023
IRS schema version
2022v5.0
Source object
202322069349300537

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