Totals
- Total revenue
- $833,624
- Total expenses
- $758,049
- Contributions and grants received
- $97,138
- Grants paid
- $0
- Program service revenue
- $728,218
- Investment income
- $6,731
- Other revenue
- $1,537
- Total assets, end of year
- $8,791,106
- Total liabilities, end of year
- $1,423,024
- Net assets or fund balances, end of year
- $7,368,082
- Program services expenses (Part IX)
- $685,454
- Management and general expenses
- $66,077
- Fundraising expenses
- $6,518
- Program service expenses (Part III)
- $685,454
Program services were 90.4% 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)
$1,000
-
1f · All other contributions, gifts and grants
$96,138
-
2a · Program service revenue: DEVELOPER FEE INCOME
total $281,168 · related or exempt $281,168
-
2b · Program service revenue: RENT
total $447,050 · related or exempt $447,050
-
3 · Investment income
total $6,731 · excluded $6,731
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$500
-
8b · Fundraising events: direct expenses
$2,456
-
8c · Net income from fundraising events
total -$1,956
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER INCOME
total $3,493 · related or exempt $3,493
-
11e · Other revenue, total
$3,493
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
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 $76,131 · program services $60,904 · management and general $11,420 · fundraising $3,807
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $6,017 · program services $4,813 · management and general $903 · fundraising $301
-
11a · Fees: management
total $81,727 · program services $81,727
-
11b · Fees: legal
total $2,315 · management and general $2,315
-
11c · Fees: accounting
total $23,581 · management and general $23,581
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $9,178 · management and general $9,178
-
12 · Advertising and promotion
total $1,353 · fundraising $1,353
-
13 · Office expenses
total $5,122 · program services $2,129 · management and general $1,936 · fundraising $1,057
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $20,398 · program services $17,425 · management and general $2,973
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $45,876 · program services $45,876
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $255,111 · program services $255,111
-
23 · Insurance
total $27,946 · program services $24,379 · management and general $3,567
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $91,621 · program services $91,621
-
24b · Other expenses: CONDO FEES
total $76,621 · program services $76,621
-
24c · Other expenses: ALLOWANCE FOR CREDIT LOSS
total $13,478 · program services $13,478
-
24d · Other expenses: Real Estate Taxes
total $11,370 · program services $11,370
-
24e · All other expenses
total $10,204 · management and general $10,204
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $315,126 · end of year $258,771
-
2 · Savings and temporary cash investments
beginning of year $243,855 · end of year $318,037
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $12,324 · end of year $257,009
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $12,349 · end of year $12,557
-
10a · Land, buildings and equipment: cost or other basis
$9,823,208
-
10b · Land, buildings and equipment: accumulated depreciation
$2,025,321
-
10c · Land, buildings and equipment, net
beginning of year $8,040,680 · end of year $7,797,887
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $143,299 · end of year $136,494
-
15 · Other assets
end of year $10,351
-
17 · Accounts payable and accrued expenses
beginning of year $42,778 · end of year $9,460
-
19 · Deferred revenue
end of year $15,756
-
23 · Secured mortgages and notes payable
beginning of year $1,432,348 · end of year $1,362,261
-
25 · Other liabilities
end of year $35,547
-
27 · Net assets without donor restrictions
beginning of year -$692,583 · end of year -$370,117
-
28 · Net assets with donor restrictions
beginning of year $7,985,090 · end of year $7,738,199
Mission and programs · 2024
Mission
HOPE PARTNERSHIP'S MISSION IS TO CREATE A CONTINUUM OF AFFORDABLE HOUSING OPTIONS IN LOWER MIDDLESEX COUNTY, OLD LYME AND SURROUNDING TOWNS IN ORDER TO HELP ENSURE A VIBRANT ECONOMY AND HOUSING CHOICES FOR ALL CITIZENS THROUGH THE COLLABORATIVE EFFORTS OF GOVERNMENTS, BUSINESSES, RELIGIOUS COMMUNITIES, CIVIC ORGANIZATIONS, AND INDIVIDUALS.
Activities or mission (Part I)
TO CREATE A CONTINUUM OF AFFORDABLE HOUSING OPTIONS IN ORDER TO HELP ENSURE AN ECLECTIC ECONOMY AND HOUSING CHOICES FOR ALL CITIZENS THROUGH THE COLLABORATIVE EFFORTS OF GOVERNMENTS, BUSINESSES, RELIGIOUS COMMUNITIES, CIVIC ORGANIZATIONS, AND INDIVIDUALS.
-
IN ADDITION TO MAINTAINING AFFORDABLE HOUSING FOR 33 LOW-TO-MODERATE INCOME HOUSEHOLDS IN ESSEX AND OLD SAYBROOK, HOPE WORKED WITH OUR CO-DEVELOPERS ON 27 NEW UNITS OF HOUSING, 24 OF WHICH ARE AFFORDABLE, FOR A TOTAL OF 31 UNITS AT THIS CO-OWNED SITE. HOPE ALSO WORKED ON PRE-DEVELOPMENT, WITH A CO-DEVELOPER, TO REDEVELOP A HISTORIC SCHOOL IN CLINTON, THE PIERSON SCHOOL, INTO 50 SENIOR-PREFERENCE AFFORDABLE HOUSING UNITS. HOPE'S EFFORTS INCLUDED ADVOCATING FOR AFFORDABLE HOUSING IN THE COMMUNITIES THEY SERVE AS A WAY TO EDUCATE THE PUBLIC ON THE NEED WITH PRESENTATIONS TO COMMUNITY, BUSINESS, AND RELIGOUS ORGANIZATIONS. HOPE HAS MET WITH OR PRESENTED TO SEVERAL ELECTED OFFICIALS AND BOARDS/COMMITTEES IN OUR REGION.
Expenses $685,454
As filed on the 2024 return.
Listed in Part VII
-
Karla LindquistKARLA LINDQUIST
Executive Dir.
- Total calculated
- $77,447
- From this org
- $77,447
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Ave ChiatAVE CHIAT
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stephen DowlerSTEPHEN DOWLER
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Ann FaustANN FAUST
Director
- Total calculated
- $0
- Hours/week
- 1
-
Leslie McKillipLESLIE MCKILLIP
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Larry FreundlichLARRY FREUNDLICH
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kevin LoobyKEVIN LOOBY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Beebe MillerBEEBE MILLER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lisa McNultyLISA MCNULTY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bill NealeBILL NEALE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Richard ScholnickRICHARD SCHOLNICK
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tom OrtolevaTOM ORTOLEVA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lon SeidmanLON SEIDMAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Maryellen ShuckerowMARYELLEN SHUCKEROW
Director
- Total calculated
- $0
- Hours/week
- 1
-
Renee PallenbergRENEE PALLENBERG
President
- Total calculated
- $0
- Hours/week
- 3
-
Aaron OrensteinAARON ORENSTEIN
Director
- Total calculated
- $0
- Hours/week
- 2
-
David CarswellDAVID CARSWELL
Vice President
- Total calculated
- $0
- Hours/week
- 2
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.
-
LOFTS AT SPENCERS CORNER LLC
AFFORDABLE HOUSING · CT · income $232,056 · assets $5,292,141
Directly controlled by HOPE PARTNERSHIP INC
-
FERRY CROSSING LLC
AFFORDABLE HOUSING · CT · income $220,621 · assets $2,972,804
Directly controlled by HOPE PARTNERSHIP INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 March 2026
- IRS schema version
- 2024v5.2
- Source object
- 202600699349301220
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.