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Nonprofiteer
← SA HOPE RE INC

Form 990 for tax year 2023

Filed by SA HOPE RE INC.

Totals

Total revenue
$1,340,000
Total expenses
$17,711
Contributions and grants received
$1,340,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$9,385,468
Total liabilities, end of year
$7,840,000
Net assets or fund balances, end of year
$1,545,468
Program services expenses (Part IX)
$17,711
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$17,711

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.

  • 1f · All other contributions, gifts and grants

    $1,340,000

  • 1g · Noncash contributions included above

    $1,340,000

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $17,711 · program services $17,711

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $2,627,199

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

    $1,340,000

  • 10c · Land, buildings and equipment, net

    end of year $1,340,000

  • 15 · Other assets

    end of year $5,418,269

  • 23 · Secured mortgages and notes payable

    end of year $7,840,000

  • 27 · Net assets without donor restrictions

    end of year $1,545,468

Mission and programs · 2023

Mission

THE ORGANIZATION OPERATES FOR THE EXCLUSIVE BENEFIT OF SA CHRISTIAN HOPE RESOURCE CENTER, INC. HOPE RE INC IS A QUALIFIED ACTIVE LOW INCOME COMMUNITY BUSINESS (QALICB) WHICH OWNS THE CONSTRUCTION AND BUILDINGS ON SITE. SA HOPE RE INC WILL PROVIDE THE UPGRADED FACILITY TO FURTHER THE MISSION OF SA CHRISTIAN HOPE RESOURCE CENTER, INC.

  • NEW MARKET TAX CREDIT PROVIDED THE FUNDING FOR THE BUILDING OF THE NEW CHILD DEVELOPMENT CENTER.

    Expenses $17,711

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Megan Legacy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Smith

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bruce Barnard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ann Myers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tim Baisdon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
17 July 2024
IRS schema version
2023v5.0
Source object
202422049349300112

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

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