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← HOPE NETWORK AFFORDABLE INDEPENDENT LIVING NPHC

Form 990 for tax year 2023

Filed by HOPE NETWORK AFFORDABLE INDEPENDENT LIVING NPHC.

Totals

Total revenue
$739,929
Total expenses
$154,994
Contributions and grants received
$291,592
Grants paid
$0
Program service revenue
$403,760
Investment income
$23,837
Other revenue
$20,740
Total assets, end of year
$8,790,695
Total liabilities, end of year
$2,025,276
Net assets or fund balances, end of year
$6,765,419
Program services expenses (Part IX)
$134,328
Management and general expenses
$20,666
Fundraising expenses
$0
Program service expenses (Part III)
$134,328

Program services were 86.7% 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.

  • 1e · Government grants (contributions)

    $291,592

  • 2a · Program service revenue: DEVELOPER FEE INCOME

    total $403,802 · related or exempt $403,802

  • 2b · Program service revenue: INVESTMENT LOSS FROM S

    total -$42 · related or exempt -$42

  • 3 · Investment income

    total $23,837 · excluded $23,837

  • 11a · Other revenue: MISCELLANEOUS

    total $20,740 · related or exempt $20,740

  • 11e · Other revenue, total

    $20,740

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $20,150 · management and general $20,150

  • 11g · Fees: other

    total $39,713 · program services $39,713

  • 12 · Advertising and promotion

    total $1,084 · program services $1,084

  • 13 · Office expenses

    total $90,096 · program services $89,580 · management and general $516

  • 17 · Travel

    total $3,552 · program services $3,552

  • 19 · Conferences, conventions and meetings

    total $399 · program services $399

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,017,528 · end of year $1,998,980

  • 2 · Savings and temporary cash investments

    end of year $2,010,524

  • 4 · Accounts receivable

    beginning of year $3,667,683 · end of year $3,249,333

  • 7 · Other notes and loans receivable

    beginning of year $34,091 · end of year $34,804

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,091,219 · end of year $1,079,940

  • 15 · Other assets

    beginning of year $417,114 · end of year $417,114

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,193 · end of year $1,394

  • 19 · Deferred revenue

    end of year $2,010,524

  • 25 · Other liabilities

    beginning of year $0 · end of year $13,358

  • 27 · Net assets without donor restrictions

    beginning of year $6,180,442 · end of year $6,765,419

Mission and programs · 2023

Mission

IN CHRISTIAN SERVICE, HOPE NETWORK EMPOWERS PEOPLE TO OVERCOME CHALLENGES TO ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE.

  • HOPE NETWORK HOUSING DEVELOPMENT CORPORATION IS WORKING IN CONNECTION WITH THE MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY TO DEVELOP LOW INCOME HOUSING PROJECTS FOR PERSONS QUALIFYING UNDER GUIDELINES ESTABLISHED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

    Expenses $134,328 · Revenue $424,500

As filed on the 2023 return.

Listed in Part VII

  • Robert Von Kaenel Jr

    PRESIDENT

    Total calculated
    $487,783
    From this org
    $0
    From related orgs
    $474,475
    Other
    $13,308
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,154 related
    Bonus
    $0 + $93,775 related
    Other
    $0 + $6,546 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,308 related
    Filer's total
    $0 + $487,783 related

  • Timothy Becker

    VICE PRESIDENT AND SECRETA

    Total calculated
    $306,456
    From this org
    $0
    From related orgs
    $286,556
    Other
    $19,900
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,728 related
    Bonus
    $0 + $56,400 related
    Other
    $0 + $4,428 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $19,900 related
    Filer's total
    $0 + $306,456 related

  • Heather Zak

    TREASURER

    Total calculated
    $213,603
    From this org
    $0
    From related orgs
    $203,920
    Other
    $9,683
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,668 related
    Bonus
    $0 + $73,440 related
    Other
    $0 + $2,812 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,683 related
    Filer's total
    $0 + $213,603 related

  • William Anstey

    FORMER TREASURER

    Total calculated
    $125,848
    From this org
    $0
    From related orgs
    $122,397
    Other
    $3,451
    Hours/week
    0.3 + 40 related

  • Anthony Barker

    EXECUTIVE DIRECTOR HOUSING

    Total calculated
    $152,939
    From this org
    $0
    From related orgs
    $144,615
    Other
    $8,324
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $128,800 related
    Bonus
    $0 + $14,025 related
    Other
    $0 + $1,790 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,324 related
    Filer's total
    $0 + $152,939 related

  • Andre Pierre

    FORMER TREASURER

    Total calculated
    $40,475
    From this org
    $0
    From related orgs
    $40,475
    Other
    $0
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $24,425 related
    Bonus
    $0
    Other
    $0 + $16,050 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $40,475 related

  • Phillip W Weaver

    FORMER PRESIDENT

    Total calculated
    $200,010
    From this org
    $0
    From related orgs
    $199,567
    Other
    $443
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $14,783 related
    Bonus
    $0
    Other
    $0 + $184,784 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $443 related
    Filer's total
    $0 + $200,010 related

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

  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE TOP MANAGEMENT OFFICIAL IS EMPLOYED BY AN AFFILIATED ORGANIZATION. REVIEWS/STUDIES OF COMPARATIVE EXECUTIVE COMPENSATION WERE DONE BY TWO EXTERNAL AND ONE INTERNAL GROUP. ALL THREE REVIEWS WERE PRESENTED TO THE EXECUTIVE COMMITTEE OF THE AFFILIATE'S BOARD WHO MET, DISCUSSED, AND TOOK ACTION. THE AFFILIATE'S BOARD CHAIR COMMUNICATES THE GROUP DECISION IN WRITING TO THE APPROPRIATE STAFF TO EXECUTE CHANGES.
PART I, LINE 4A
PHILLIP W. WEAVER - $184,784 PAID BY RELATED ORGANIZATION ANDRE PIERRE - $16,050 PAID BY RELATED ORGANIZATION

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.

  • VOK MANAGING MEMBER LLC

    RENTAL REAL ESTATE · MI · income -$42

    Directly controlled by HOPE NETWORK AFFFORDABLE INDEPENDENT LIVING NPHC(FKA 54TH STREET NPHC)

  • BINGHAM GENERAL PARTNER LLC

    RENTAL REAL ESTATE · MI

    Directly controlled by HOPE NETWORK AFFFORDABLE INDEPENDENT LIVING NPHC(FKA 54TH STREET NPHC)

  • CHEBOYGAN ONE GENERAL PARTNER LLC

    RENTAL REAL ESTATE · MI

    Directly controlled by HOPE NETWORK AFFFORDABLE INDEPENDENT LIVING NPHC(FKA 54TH STREET NPHC)

  • COURTLAND GENERAL PARTNER LLC

    RENTAL REAL ESTATE · MI

    Directly controlled by HOPE NETWORK AFFFORDABLE INDEPENDENT LIVING NPHC(FKA 54TH STREET NPHC)

Related partnerships

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

  • VOK LIMITED DIVIDEND HOUSING ASSOCIATION LLC

    RELATED · RENTAL REAL ESTATE · MI · 1% owned · general or managing partner

    Directly controlled by VOK MANAGING MEMBER LLC

  • BINGHAM LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    RELATED · RENTAL REAL ESTATE · MI · 1% owned · general or managing partner

    Directly controlled by BINGHAM GENERAL PARTNER LLC

  • BRENTWOOD LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    N/A · RENTAL REAL ESTATE · MI

    Directly controlled by BRENTWOOD GENERAL PARTNER LLC

  • WELLINGTON LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    N/A · RENTAL REAL ESTATE · MI

    Directly controlled by GREENBRIAR GENERAL PARTNER LLC

  • CHEBOYGAN ONE LIMITED DIVIDEND HOUSING ASSOCIATION LIMIATED PARTNERSHIP

    RELATED · RENTAL REAL ESTATE · MI · 1% owned · general or managing partner

    Directly controlled by CHEBOYGAN ONE GENERAL PARTNER LLC

  • COURTLAND LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    RELATED · RENTAL REAL ESTATE · MI · 1% owned · general or managing partner

    Directly controlled by COURTLAND GENERAL PARTNER LLC

  • RIVERBANK PLACE LDHA LP

    N/A · RENTAL REAL ESTATE · MI

    Directly controlled by RIVERBANK PLACE GENERAL PARTNER LLC

  • HOPE NETWORK PROPERTY MANAGEMENT COMPANY

    N/A · RENTAL REAL ESTATE · MI

    Directly controlled by HOPE NETWORK AFFFORDABLE INDEPENDENT LIVING NPHC(FKA 54TH STREET NPHC)

  • EASTPOINTE COMMONS I LIMITED DIVIDEND HOUSING ASSOCIATION LP

    N/A · RENTAL REAL ESTATE · MI

    Directly controlled by EASTPOINTE COMMONS GENERAL PARTNER LLC

  • EASTPOINTE COMMONS II LIMITED DIVIDEND HOUSING ASSOCIATION LP

    N/A · RENTAL REAL ESTATE · MI

    Directly controlled by EASTPOINTE COMMONS GENERAL PARTNER LLC

  • HOPE NETWORK CADILLAC LIMITED DIVIDEND HOUSING ASSOCIATION LLC

    N/A · RENTAL REAL ESTATE · MI

    Directly controlled by HOPE NETWORK AFFFORDABLE INDEPENDENT LIVING NPHC(FKA 54TH STREET NPHC)

Related corporations and trusts

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

  • GREENBRIAR GENERAL PARTNER LLC

    C · RENTAL REAL ESTATE · MI · 100% owned · share of income -$8 · share of assets $51 · controlled entity

    Directly controlled by HOPE NETWORK AFFFORDABLE INDEPENDENT LIVING NPHC(FKA 54TH STREET NPHC)

  • BRENTWOOD GENERAL PARTNER LLC

    C · RENTAL REAL ESTATE · MI · 100% owned · share of income -$8 · share of assets $51 · controlled entity

    Directly controlled by HOPE NETWORK AFFFORDABLE INDEPENDENT LIVING NPHC(FKA 54TH STREET NPHC)

  • EASTPOINTE COMMONS GENERAL PARTNER LLC

    C · RENTAL REAL ESTATE · MI · 100% owned · controlled entity

    Directly controlled by HOPE NETWORK AFFFORDABLE INDEPENDENT LIVING NPHC(FKA 54TH STREET NPHC)

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202443129349302219

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