Totals
- Total revenue
- $109,126
- Total expenses
- $276,022
- Contributions and grants received
- $75,793
- Grants paid
- $222,052
- Program service revenue
- $33,333
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $3,330,498
- Total liabilities, end of year
- $7,099
- Net assets or fund balances, end of year
- $3,323,399
- Program services expenses (Part IX)
- $276,022
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $276,022
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
WILLIAM BYNUM
CHAIRPERSON
- Total calculated
- $449,306
- From this org
- $1,351
- From related orgs
- $387,062
- Other
- $60,893
- Hours/week
- 0.1 + 27.54 related
Schedule J breakdown matched by us
- Base
- $1,017 + $291,248 related
- Bonus
- $321 + $92,017 related
- Other
- $13 + $3,797 related
- Deferred
- $28 + $52,382 related
- Nontaxable benefits
- $30 + $8,453 related
- Filer's total
- $1,409 + $447,897 related
-
PHIL EIDE
BOARD MEMBER-TOP FINANCIAL OFFICIAL
- Total calculated
- $0
- Hours/week
- 3.94 + 37.59 related
-
CASSANDRA WILLIAMS
SECRETARY
- Total calculated
- $32,185
- From this org
- $0
- From related orgs
- $30,854
- Other
- $1,331
- Hours/week
- 0.02 + 7.17 related
-
RONNIE CRUDUP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.04 + 0.08 related
-
HERSCHELL HAMILTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.04 + 0.15 related
-
DAVID JACKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.04
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 4B
- HOPE ENTERPRISE CORPORATION (HOPE) WILL SET ASIDE AN AMOUNT EQUAL TO $25,000, AND AN ADDITIONAL $25,000 ON JANUARY 1 OF EACH SUBSEQUENT YEAR FOR A TOTAL OF $75,000 UNDER A 457(F) PLAN FOR THE CEO (HOME AGAIN CHAIRPERSON).
- PART I, LINE 7
- THE CEO SHALL BE ELIGIBLE TO RECEIVE ANNUAL INCENTIVE COMPENSATION PAYMENT OF UP TO 30% OF HIS BASE SALARY PER ANNUM IN RELATIONSHIP TO THE ACHIEVEMENT OF FINANCIAL GOALS AND OBJECTIVES AS ESTABLISHED BY HOPE AT THE BEGINNING OF EACH FISCAL YEAR. THE BOARD, HOPE'S EXECUTIVE COMMITTEE, AND THE CEO SHALL ESTABLISH HOPE'S FINANCIAL GOALS AND OBJECTIVES. THE BOARD AND HOPE'S EXECUTIVE COMMITTEE (WITHOUT THE CEO) SHALL ESTABLISH THE AMOUNT OF INCENTIVE COMPENSATION PAYABLE TO THE CEO BASED ON THE EXTENT TO WHICH THE GOALS AND OBJECTIVES ARE ACHIEVED. IF HOPE AND THE CEO ARE UNABLE TO AGREE ON HOPE'S FINANCIAL GOALS AND OBJECTIVES FOR THE FISCAL YEAR, THE CEO WILL RECEIVE AN INCENTIVE COMPENSATION PAYMENT EQUAL TO TEN PERCENT (10%) OF HIS BASE SALARY FOR THAT FISCAL YEAR, PAYABLE AT THE END OF THAT FISCAL YEAR. FOR OTHER EMPLOYEES, HOPE MAY PROVIDE THE OPPORTUNITY TO EARN BONUSES BASED ON THEIR INDIVIDUAL PERFORMANCE AND ON THE CORPORATION'S OVERALL FINANCIAL PERFORMANCE. THE BONUSES ARE INTENDED TO DIRECT INDIVIDUAL AND CORPORATE PERFORMANCE AND REWARD EMPLOYEES FOR BEHAVIOR THAT CONTRIBUTES TO THE SUCCESS OF HOPE. PAYMENT MAY BE MADE QUARTERLY AND/OR ANNUALLY AND MAY BE BASED ON A COMBINATION OF INDIVIDUAL, TEAM, AND CORPORATE PERFORMANCE. THE STRUCTURE OF THE BONUSES WILL BE REVIEWED EACH YEAR BY SENIOR MANAGEMENT AND IS SUBJECT TO CHANGE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
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.
-
501(C)(3) · PROVIDE FINANCIAL SERVICES TO ECONOMICALLY DISTRESSED AREAS · MS
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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533219349311928
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