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Nonprofiteer
← UNITED HOPES INC

Form 990 for tax year 2025

Filed by UNITED HOPES INC.

Totals

Total revenue
$442,165
Total expenses
$447,199
Contributions and grants received
$0
Grants paid
$32,000
Program service revenue
$438,102
Investment income
$4,063
Other revenue
$0
Total assets, end of year
$2,423,825
Total liabilities, end of year
$1,535,451
Net assets or fund balances, end of year
$888,374
Program services expenses (Part IX)
$443,699
Management and general expenses
$3,500
Fundraising expenses
$0
Program service expenses (Part III)
$443,699

Program services were 99.2% 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: GREENVILLE TERRACE APTS

    total $438,102 · related or exempt $438,102

  • 3 · Investment income

    total $4,063 · related or exempt $4,063

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $32,000 · program services $32,000

  • 7 · Other salaries and wages

    total $73,548 · program services $73,548

  • 10 · Payroll taxes

    total $8,832 · program services $8,832

  • 11a · Fees: management

    total $48,246 · program services $48,246

  • 11b · Fees: legal

    total $634 · program services $634

  • 11c · Fees: accounting

    total $3,500 · management and general $3,500

  • 13 · Office expenses

    total $6,111 · program services $6,111

  • 16 · Occupancy

    total $80,183 · program services $80,183

  • 19 · Conferences, conventions and meetings

    total $1,181 · program services $1,181

  • 20 · Interest

    total $86,985 · program services $86,985

  • 22 · Depreciation, depletion and amortization

    total $51,836 · program services $51,836

  • 24a · Other expenses: CLEANING / MAINTENANCE

    total $17,117 · program services $17,117

  • 24b · Other expenses: REPAIRS

    total $15,960 · program services $15,960

  • 24c · Other expenses: SUPPLIES

    total $11,253 · program services $11,253

  • 24d · Other expenses: CHARITABLE CONTRIBUTIONS

    total $4,000 · program services $4,000

  • 24e · All other expenses

    total $5,813 · program services $5,813

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,237 · end of year $42,911

  • 2 · Savings and temporary cash investments

    beginning of year $166,841 · end of year $207,165

  • 4 · Accounts receivable

    beginning of year $3,123 · end of year $3,040

  • 7 · Other notes and loans receivable

    beginning of year $1,000,997 · end of year $1,000,934

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,210 · end of year $24,870

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

    $2,023,184

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

    $878,376

  • 10c · Land, buildings and equipment, net

    beginning of year $1,190,344 · end of year $1,144,808

  • 12 · Investments: other securities

    beginning of year $62 · end of year $62

  • 15 · Other assets

    beginning of year $35 · end of year $35

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,650 · end of year $25,019

  • 19 · Deferred revenue

    beginning of year $188 · end of year $562

  • 23 · Secured mortgages and notes payable

    beginning of year $1,530,129 · end of year $1,496,664

  • 25 · Other liabilities

    beginning of year $12,474 · end of year $13,206

  • 31 · Retained earnings, endowment or other funds

    beginning of year $893,408 · end of year $888,374

Mission and programs · 2025

Mission

TO DEVELOP AND PROVIDE DECENT, SAFE AND SANITARY HOUSING FOR LOW-INCOME PERSONS, AS WELL AS OPERATE FOR CHARITABLE PURPOSES.

  • TO PROVIDE DECENT, SAFE AND SANITARY HOUSING FOR LOW-INCOME PERSONS.

    Expenses $407,699 · Revenue $438,102

  • TO OPERATE FOR CHARITABLE PURPOSES.

    Expenses $36,000 · Grants $32,000

As filed on the 2025 return.

Listed in Part VII

  • Tim Baumgarten

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Chris Bean

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • Scott Reynolds

    BOARD MEMBER

    Total calculated
    $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

Provenance

Return type
form_990
Tax year
2025
Filed
16 June 2026
IRS schema version
2025v4.0
Source object
202641679349301129

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