Form 990 for tax year 2024
Filed by CENTER OF HOPE COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $2,505,695
- Total expenses
- $278,038
- Contributions and grants received
- $2,505,695
- Grants paid
- $200,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,237,182
- Total liabilities, end of year
- $2,770
- Net assets or fund balances, end of year
- $2,234,412
- Program services expenses (Part IX)
- $277,334
- Management and general expenses
- $704
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $277,334
Program services were 99.7% 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.
-
1c · Fundraising events
$5,695
-
1d · Related organizations
$2,500,000
-
8a · Fundraising events: contributions included on line 1c
$5,695
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $200,000 · program services $200,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $20,000 · program services $20,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $51,773 · program services $51,773
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $400 · program services $400
-
10 · Payroll taxes
total $5,004 · program services $5,004
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $150 · management and general $150
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $157 · program services $157
-
24a · Other expenses: BANK CHARGES
total $34 · management and general $34
-
24b · Other expenses: MERCHANT FEES
total $520 · management and general $520
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,755 · end of year $1,236,732
-
2 · Savings and temporary cash investments
end of year $1,000,000
-
15 · Other assets
end of year $450
-
17 · Accounts payable and accrued expenses
end of year $2,770
-
28 · Net assets with donor restrictions
end of year $2,234,412
-
29 · Capital stock, trust principal or current funds
beginning of year $6,762 · end of year $6,755
-
31 · Retained earnings, endowment or other funds
beginning of year -$7 · end of year $2,227,657
Mission and programs · 2024
Mission
The CDC will facilitate partnerships and programs to address the problem of human trafficking. The CDC will identify and address the needs of the employed and under-employed through job readiness and employment services, with a focus on public policy, and immigration integration. Also, the CDC will provide a host of community services.
Activities or mission (Part I)
The CDC will help address the need for adequate housing in the city of Inglewood, California, and the surrounding communities. Adequate housing includes good-quality affordable rental housing, transitional housing.
-
PROGRAM SERVICES EXPENSES WERE 277,334. GRANTS WERE 200,000
Expenses $277,334 · Grants $200,000 · Revenue $2,505,695
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Geremy Dixon
CEO, Chair, Co-founder
- Total calculated
- $0
- Hours/week
- 2.5
-
Brandon Foster
Vice Chair
- Total calculated
- $0
- Hours/week
- 2.5
-
John Hampton
Co-founder, Member
- Total calculated
- $0
- Hours/week
- 5
-
Jill Melton
Member
- Total calculated
- $0
- Hours/week
- 2.5
-
Anthony Chiles
Treasure
- Total calculated
- $0
- Hours/week
- 2.5
-
Terrina Scott
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
James Daugherity
Member
- Total calculated
- $0
- Hours/week
- 2.5
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
-
To support non profit programming
-
To support nonprofit programming
-
To support nonprofit programming
-
$50,000
To support nonprofit programming
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 8 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501289349304530
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