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Nonprofiteer
← HOPE COMMUNITY CORPORATION

Form 990 for tax year 2023

Filed by HOPE COMMUNITY CORPORATION.

Totals

Total revenue
$374,991
Total expenses
$508,599
Contributions and grants received
$219,187
Grants paid
$219,187
Program service revenue
$0
Investment income
$94,194
Other revenue
$61,610
Total assets, end of year
$21,068,970
Total liabilities, end of year
$6,119,832
Net assets or fund balances, end of year
$14,949,138
Program services expenses (Part IX)
$487,125
Management and general expenses
$21,474
Fundraising expenses
$0
Program service expenses (Part III)
$487,125

Program services were 95.8% 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

    $219,187

  • 1g · Noncash contributions included above

    $219,187

  • 3 · Investment income

    total $85,361 · excluded $85,361

  • 6a · Gross rents

    real property $54,000

  • 6c · Rental income or loss

    real property $54,000

  • 6d · Net rental income or loss

    total $54,000 · related or exempt $54,000

  • 7a · Gross sales of assets other than inventory

    securities $8,833

  • 7c · Gain or loss

    securities $8,833

  • 7d · Net gain or loss

    total $8,833 · excluded $8,833

  • 11a · Other revenue: OTHER REVENUE

    total $7,610 · excluded $7,610

  • 11e · Other revenue, total

    $7,610

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $219,187 · program services $219,187

  • 7 · Other salaries and wages

    total $10,606 · program services $10,606

  • 9 · Other employee benefits

    total $392 · program services $392

  • 10 · Payroll taxes

    total $1,108 · program services $1,108

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 12 · Advertising and promotion

    total $52 · program services $52

  • 13 · Office expenses

    total $7,951 · management and general $7,951

  • 16 · Occupancy

    total $254,911 · program services $254,911

  • 23 · Insurance

    total $19 · program services $19

  • 24a · Other expenses: OTHER

    total $4,510 · management and general $4,510

  • 24b · Other expenses: DUES, FEES, SUBSCRIPTIONS

    total $2,469 · management and general $2,469

  • 24c · Other expenses: TAXES AND LICENSES

    total $1,544 · management and general $1,544

  • 24d · Other expenses: PERMITS AND FEES

    total $850 · program services $850

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $245,854 · end of year $38,127

  • 2 · Savings and temporary cash investments

    beginning of year $11,079,032 · end of year $249,067

  • 4 · Accounts receivable

    end of year $385

  • 7 · Other notes and loans receivable

    end of year $10,251,382

  • 8 · Inventories for sale or use

    beginning of year $440,668

  • 15 · Other assets

    beginning of year $3,448,797 · end of year $10,530,009

  • 17 · Accounts payable and accrued expenses

    beginning of year $271,068 · end of year $2,570

  • 25 · Other liabilities

    end of year $6,117,262

  • 27 · Net assets without donor restrictions

    end of year $155,804

  • 28 · Net assets with donor restrictions

    beginning of year $14,943,283 · end of year $14,793,334

Mission and programs · 2023

Mission

TO PROVIDE PERSON TO PERSON SERVICES TO ASCERTAIN AND FULFILL THE BASIC NEEDS FOR THOSE MOST AT RISK IN THE COMMUNITY. HOUSING IS A BASIC NEED AND THEREFORE, HOPE COMMUNITY CORPORATION SHALL DEPLOY ITS ASSETS AND RESOURCES TO, AMONG OTHER ACTIVITIES AND SERVICES, SPECIFICALLY PROMOTE AFFORDABLE HOUSING, INCLUDING BUT NOT LIMITED TO THE FABRICATION AND DEPLOYMENT OF MANUFACTURED HOMES FOR INDIVIDUALS WHO ARE HOUSING CHALLENGED IN HOPE COMMUNITY CORPORATION'S SOLE DISCRETION. HOPE COMMUNITY CORPORATION MAY ALSO ENGAGE IN THE PROVISION OF ANY AND ALL SERVICES AND PRODUCTS ANCILLARY TO AFFORDABLE HOUSING FOR INDIVIDUALS WHO ARE HOUSING CHALLENGED IN HOPE COMMUNITY CORPORATION'S SOLE DISCRETION.

  • TO PROVIDE PERSON TO PERSON SERVICES TO ASCERTAIN AND FULFILL THE BASIC NEEDS FOR THOSE MOST AT RISK IN THE COMMUNITY. HOUSING IS A BASIC NEED AND THEREFORE, HOPE COMMUNITY CORPORATION SHALL DEPLOY ITS ASSETS AND RESOURCES TO, AMONG OTHER ACTIVITIES AND SERVICES, SPECIFICALLY PROMOTE AFFORDABLE HOUSING, INCLUDING BUT NOT LIMITED TO THE FABRICATION AND DEPLOYMENT OF MANUFACTURED HOMES FOR INDIVIDUALS WHO ARE HOUSING CHALLENGED IN HOPE COMMUNITY CORPORATION'S SOLE DISCRETION. HOPE COMMUNITY CORPORATION MAY ALSO ENGAGE IN THE PROVISION OF ANY AND ALL SERVICES AND PRODUCTS ANCILLARY TO AFFORDABLE HOUSING FOR INDIVIDUALS WHO ARE HOUSING CHALLENGED IN HOPE COMMUNITY CORPORATION'S SOLE DISCRETION.

    Expenses $487,125 · Grants $219,187

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

Listed in Part VII

  • Terrence McDonald

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Bethany Cartledge

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    3

  • William Van Vliet

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Kemper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Bruce Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wallace A Glausi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gary Meili

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6

  • Skylar Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.65

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

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
13 August 2025
IRS schema version
2023v6.0
Source object
202542279349300644

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