Civic Intelligence

Home Again Inc.

990 • Fiscal year 2022 • EIN 20-4526894

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

4 Old River PlaceJackson, MS 39202

(601) 944-1100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

19th percentile

-12%

Higher net margin than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

98th percentile

$630,801

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 99.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

6th percentile

-23%

Faster asset growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

144%

Faster revenue growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$3,743,286

Down $1,109,045 (-23%) from 2021

Net Assets

Down

$3,742,973

Down $75,109 (-2.0%) from 2021

Liabilities

Down

$313

Down $1,033,936 (-100%) from 2021

Revenue

Up

$637,144

Up $376,138 (+144%) from 2021

Expenses

Up

$712,253

Up $482,920 (+211%) from 2021

Net Income

Down

-$75,109

Down $106,782 (-337%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $1,477,948Liabilities 2010: $86,097Net Assets 2010: $1,391,8512010Assets 2011: $1,243,208Liabilities 2011: $86,097Net Assets 2011: $1,157,1112011Assets 2012: $1,015,007Liabilities 2012: $85,691Net Assets 2012: $929,3162012Assets 2013: $883,519Liabilities 2013: $84,100Net Assets 2013: $799,4192013Assets 2014: $827,746Liabilities 2014: $166,657Net Assets 2014: $661,0892014Assets 2015: $431,915Liabilities 2015: $22,691Net Assets 2015: $409,2242015Assets 2016: $4,220,209Liabilities 2016: $1,059,249Net Assets 2016: $3,160,9602016Assets 2017: $4,283,267Liabilities 2017: $1,059,857Net Assets 2017: $3,223,4102017Assets 2018: $4,184,546Liabilities 2018: $1,059,249Net Assets 2018: $3,125,2972018Assets 2019: $4,353,708Liabilities 2019: $1,059,249Net Assets 2019: $3,294,4592019Assets 2020: $4,904,734Liabilities 2020: $1,118,325Net Assets 2020: $3,786,4092020Assets 2021: $4,852,331Liabilities 2021: $1,034,249Net Assets 2021: $3,818,0822021Assets 2022: $3,743,286Liabilities 2022: $313Net Assets 2022: $3,742,9732022Assets 2023: $3,690,335Liabilities 2023: $200,040Net Assets 2023: $3,490,2952023Assets 2024: $3,330,498Liabilities 2024: $7,099Net Assets 2024: $3,323,3992024

Highlighted filing

2022

Assets$3,743,286
Liabilities$313
Net Assets$3,742,973

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $265,0622010Expenses 2011: $235,0312011Expenses 2012: $228,0862012Revenue 2013: $100,291Expenses 2013: $230,188Net Income 2013: -$129,8972013Revenue 2014: $85,012Expenses 2014: $223,342Net Income 2014: -$138,3302014Revenue 2015: $16,479Expenses 2015: $268,343Net Income 2015: -$251,8642015Revenue 2016: $3,017,357Expenses 2016: $265,621Net Income 2016: $2,751,7362016Revenue 2017: $217,998Expenses 2017: $99,984Net Income 2017: $118,0142017Revenue 2018: $41,472Expenses 2018: $132,597Net Income 2018: -$91,1252018Revenue 2019: $470,001Expenses 2019: $300,839Net Income 2019: $169,1622019Revenue 2020: $984,743Expenses 2020: $173,163Net Income 2020: $811,5802020Revenue 2021: $261,006Expenses 2021: $229,333Net Income 2021: $31,6732021Revenue 2022: $637,144Expenses 2022: $712,253Net Income 2022: -$75,1092022Revenue 2023: $222,497Expenses 2023: $481,325Net Income 2023: -$258,8282023Revenue 2024: $109,126Expenses 2024: $276,022Net Income 2024: -$166,8962024

Highlighted filing

2022

Revenue$637,144
Expenses$712,253
Net Income-$75,109
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$1,197,400
Mission and Program Overview

Mission

Support the efforts of the gulf coast communities recovering and rebuilding in the aftermath of hurricane katrina and provide low and moderate income families in mississippi with affordable housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,059,046$2,847,993▼ $211,053
Investments Other Securities$1,187,725$0▼ $1,187,725
Cash and Non-Interest-Bearing Accounts$188,612$845,293▲ $656,681
Land, Buildings, and Equipment, Net$366,948$0▼ $366,948
Investments Program Related$50,000$50,000→ $0
Total Assets$4,852,331$3,743,286▼ $1,109,045
Liabilities
Other Liabilities$1,034,249$313▼ $1,033,936
Total Liabilities$1,034,249$313▼ $1,033,936
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,818,082$3,742,973▼ $75,109
Net Assets With Donor Restrictions-$0-
Total Net Assets Fund Balance$3,818,082$3,742,973▼ $75,109
Total Liabilities and Net Assets / Fund Balance$4,852,331$3,743,286▼ $1,109,045
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alan BransonSecretary - Thru 5/2022-$148$128,147$128,295
Phil EideBoard Member-top Financial OfficerPT$12,220$101,868$114,088
Cassandra WilliamsBoard Member--$31,791$31,791
William BynumChairperson-$239$141$380

Board Members and Trustees

NameTitle
David JacksonBoard Member
Ronnie CrudupBoard Member
Herschell HamiltonBoard Member - as of 5/2022
Revenue and Support

Revenue Composition

Contributions and Grants
$154,370
Program Service Revenue
$8,376
Investment Income
$474,398
Other Revenue
$0
All Other Contributions
$55,000
Change in Net Assets
$-75,109
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$492,867
Grants and Similar Amounts Paid$219,386
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$473,068--$473,068
Grants to Domestic Individuals$219,386--$219,386
Other Expenses$5,000--$5,000
Fees for Services Accounting-$1,200-$1,200
Occupancy$720--$720
Total Functional Expenses$711,053$1,200$0$712,253
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$313
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The four (4) directors are appointed by home enterprise corporation (hec). Three (3) additional directors should be appointed by hec and must be representatives of a low-income community served by the corporation. To be deemed a representative of a low-income community, a person must meet one of the following criteria: 1. The person lives in a low-income neighborhood where 51% or more of the residents are low-income. This resident does not have to be low-income. 2. The person is a low-income resident of the community. 3. The person was elected by a low-income neighborhood organization to serve on the board. The organization must be composed primarily of residents of the low-income neighborhood and its primary purpose must be to serve the interests of the neighborhood residents. Such organization might include block groups, neighborhood associations, and neighborhood watch groups.

Form 990, Part VI, Section A, Line 8B

The organization has no committees with authority to act on behalf of the board of directors.

Form 990, Part VI, Section B, Line 11B

The governing body does not review the 990 before filing; however, it is reviewed by the svp fiscal and cfo.

Form 990, Part VI, Section B, Line 12C

Each director, officer, and employee shall sign annually a statement which affirms that such person has received a copy of this conflicts of interest policy, has read and understands the policy and has agreed to comply with this policy. It is reviewed by human assets, legal and compliance when conflicts of interest (perceived or potential) are disclosed by the individual. Upon the first knowledge by an interested person that the organization is considering or has considered a transaction or arrangement with a transaction entity or individual with which the interested person has an interest, the interested person must disclose the existence and nature of his or her interest to the president or chairman of the board of directors. After disclosure of the interest, the interested person may not participate in consideration of the proposed transaction or arrangement and shall not be present for the consideration of or vote on such transaction unless the president requests information or interpretation from the interested person. The president shall then determine or refer to the chairman of the board and/or the board for determination of whether the transaction or arrangement is in hec's best interests and is fair and reasonable to hec and shall make a decision whether to enter into the transaction or arrangement in accordance with such determination. When the president, chairman of the board or the board make a determination and decision on the interest of an interested person, the minutes shall contain the names of the interested person(s) who disclosed or otherwise were found to have an interest, the nature of the interest, a record of any determination as to whether a transaction or arrangement was in the best interests of and fair and reasonable to hec and the names of the persons who were present for the discussions on the transaction or arrangement and a record of any votes taken in connection therewith. If the president, chairman of the board or the board has reasonable cause to believe an interested person has failed to disclose an actual or possible interest, he, she or they shall inform the interested person of the basis for such belief and afford the interested person an opportunity to explain the alleged failure to disclose. If after hearing the response of the interested person and making such investigation as may be warranted in the circumstances, the president, the chairman of the board or the board shall take appropriate disciplinary and corrective action.

Form 990, Part VI, Section B, Line 15

The organization has no employees - all labor is provided by hope enterprise corporation, a related organization. Hope enterprise corporation performs the proper reviews as necessary.

Form 990, Part VI, Section C, Line 19

The organization can be contacted directly in order to request governing documents, conflict of interest policy, and financial statements.

Filing and Contact Details

Filer

Filer Name
Home Again Inc
EIN
20-4526894
Phone
6019441100
Address
4 OLD RIVER PLACE, JACKSON, MS 39202

Signing Officer

Name
Philip Eide
Title
Financial Officer
Phone
6019441100
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Bynum
Formed
2006
Legal Domicile
Ms
Voting Board Members
6
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
Cliftonlarsonallen Llp
Address
5001 SPRING VALLEY ROAD SUITE 600W, DALLAS, TX 75244
Preparer
Lacey M Quatsoe
Phone
9723835700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Construction services: program service expenses 473,068. Management and general expenses 0. Fundraising expenses 0. Total expenses 473,068.

Financial Statement Notes

PART X, LINE 2:

Home again has received a ruling from the internal revenue service for exemption from income taxes as a public charity under internal revenue code sections 501(c)(3) and 509(a)(2). Potential exposures involving tax positions taken that may be challenged by taxing authorities contain assumptions based upon past experiences and judgments about potential actions by taxing jurisdictions. Management does not believe that the ultimate settlement of these items will result in a material amount. With minimum exceptions, the company is no longer subject to income tax examinations prior to 2017.

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IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0229333
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0261006
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-75109
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
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IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08376
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0696910
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0452333
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt017891
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt017668
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt023581
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0890596
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0452333
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt017891
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0162746
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0180889
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0913693
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0470001
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt041472
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01768801
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HOME AGAIN HAS RECEIVED A RULING FROM THE INTERNAL REVENUE SERVICE FOR EXEMPTION FROM INCOME TAXES AS A PUBLIC CHARITY UNDER INTERNAL REVENUE CODE SECTIONS 501(C)(3) AND 509(A)(2). POTENTIAL EXPOSURES INVOLVING TAX POSITIONS TAKEN THAT MAY BE CHALLENGED BY TAXING AUTHORITIES CONTAIN ASSUMPTIONS BASED UPON PAST EXPERIENCES AND JUDGMENTS ABOUT POTENTIAL ACTIONS BY TAXING JURISDICTIONS. MANAGEMENT DOES NOT BELIEVE THAT THE ULTIMATE SETTLEMENT OF THESE ITEMS WILL RESULT IN A MATERIAL AMOUNT. WITH MINIMUM EXCEPTIONS, THE COMPANY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS PRIOR TO 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0313
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0219386
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0MORTGAGE ASSISTANCE AND FINANCIAL COUNSELING
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt037
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EASTMOOR GRANT FUNDS ARE USED TO FINANCE THE REHABILITATION OF OWNER-OCCUPIED HOMES LOCATED IN MOOREHEAD, MS, WHICH ARE OCCUPIED BY OWNERS WHOSE INCOME DOES NOT EXCEED 80% OF AREA MEDIAN INCOME. EACH REHABILITATION LOAN SHALL BE A NONINTEREST BEARING LOAN AND SHALL BE FORGIVEN AT THE END OF THE TERM (15 YEARS) OF DEED RESTRICTION PROVIDED THE APPLICABLE HOMEOWNER COMPLIED WITH THE TERMS OF THE DEED RESTRICTION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0239
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0117
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt089895
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt0225517
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt011
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt08433
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt03
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt02389
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM BYNUM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIRPERSON
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0630421
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE RELATED ORGANIZATION'S SALARY ADMINISTRATION PROCESS IS OUTSOURCED TO GALLAGHER CONSULTING FIRM. THE RELATED ORGANIZATION WENT THROUGH A SALARY ANALYSIS WITH GALLAGHER CONSULTING FIRM IN 2018 WHERE THE CURRENT SALARY STRUCTURE AND GRADES WERE SET UP FOR ALL ROLES. IN JUNE OF 2021 THE PAY STRUCTURE WAS UPDATED TO REFLECT CURRENT DATA. THE NEXT STRUCTURE REVIEW IS SCHEDULED FOR FALL 2023. THE FOLLOWING SOURCES WERE USED AND ARE AGED TO OUR STRUCTURE: AMERICAN BANKERS ASSOCIATION 2021. DATA EFFECTIVE DATE IS DECEMBER 31, 2020; COMPANALYST, JOB ANALYZER (CA) 2022. THE DATABASE HAS COMPENSATION DATA ON MORE THAN 20 MILLION EMPLOYEES AND 1,500 UNIQUE JOB TITLES; COMPDATA BENCHMARK SURVEYS 2021 E DATA EFFECTIVE DATE IS OCTOBER 2021; CREDIT UNION NATIONAL ASSOCIATION (CUNA) STAFF SALARY REPORT 2021 DATA EFFECTIVE DATE IS APRIL 2021; ECONOMIC RESEARCH INSTITUTE (ERI) 2022 A NATIONAL COMPENSATION SUBSCRIPTION DATABASE; THE SALARY ASSESSOR DATABASE; MERCER BENCHMARK REPORT 2021. DATA EFFECTIVE DATE IS MARCH 2021; WILLIS TOWERS WATSON SALARY SURVEY 2021. USING THE SOURCES ABOVE EACH EXECUTIVE LEVEL JOB WAS COMPARED BASED ON THE FOLLOWING CRITERIA: JOB GROUP - ALL HOPE EXECUTIVE VICE PRESIDENT ROLES AND CREDIT UNIONS AND CDFI'S. INDUSTRIES/BUSINESS SECTOR - NONPROFITS, CREDIT UNIONS, CDFI'S. GEOGRAPHICAL REGION - NATIONAL. SIZE OF BUDGET, SCOPE, STAFF, SIZE - $500 MILLION IN ASSETS AND APPROXIMATELY 250 EMPLOYEES. MARKET POSITIONING - MEDIAN (50TH PERCENTILE).
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1HOPE ENTERPRISE CORPORATION (HOPE) WILL SET ASIDE AN AMOUNT EQUAL TO $20,000, AND AN ADDITIONAL $20,000 ON JANUARY 1 OF EACH SUBSEQUENT YEAR FOR A TOTAL OF $100,000 UNDER A 457(F) PLAN FOR THE CEO.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUR (4) DIRECTORS ARE APPOINTED BY HOME ENTERPRISE CORPORATION (HEC). THREE (3) ADDITIONAL DIRECTORS SHOULD BE APPOINTED BY HEC AND MUST BE REPRESENTATIVES OF A LOW-INCOME COMMUNITY SERVED BY THE CORPORATION. TO BE DEEMED A REPRESENTATIVE OF A LOW-INCOME COMMUNITY, A PERSON MUST MEET ONE OF THE FOLLOWING CRITERIA: 1. THE PERSON LIVES IN A LOW-INCOME NEIGHBORHOOD WHERE 51% OR MORE OF THE RESIDENTS ARE LOW-INCOME. THIS RESIDENT DOES NOT HAVE TO BE LOW-INCOME. 2. THE PERSON IS A LOW-INCOME RESIDENT OF THE COMMUNITY. 3. THE PERSON WAS ELECTED BY A LOW-INCOME NEIGHBORHOOD ORGANIZATION TO SERVE ON THE BOARD. THE ORGANIZATION MUST BE COMPOSED PRIMARILY OF RESIDENTS OF THE LOW-INCOME NEIGHBORHOOD AND ITS PRIMARY PURPOSE MUST BE TO SERVE THE INTERESTS OF THE NEIGHBORHOOD RESIDENTS. SUCH ORGANIZATION MIGHT INCLUDE BLOCK GROUPS, NEIGHBORHOOD ASSOCIATIONS, AND NEIGHBORHOOD WATCH GROUPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY DOES NOT REVIEW THE 990 BEFORE FILING; HOWEVER, IT IS REVIEWED BY THE SVP FISCAL AND CFO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH DIRECTOR, OFFICER, AND EMPLOYEE SHALL SIGN ANNUALLY A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THIS CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY AND HAS AGREED TO COMPLY WITH THIS POLICY. IT IS REVIEWED BY HUMAN ASSETS, LEGAL AND COMPLIANCE WHEN CONFLICTS OF INTEREST (PERCEIVED OR POTENTIAL) ARE DISCLOSED BY THE INDIVIDUAL. UPON THE FIRST KNOWLEDGE BY AN INTERESTED PERSON THAT THE ORGANIZATION IS CONSIDERING OR HAS CONSIDERED A TRANSACTION OR ARRANGEMENT WITH A TRANSACTION ENTITY OR INDIVIDUAL WITH WHICH THE INTERESTED PERSON HAS AN INTEREST, THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER INTEREST TO THE PRESIDENT OR CHAIRMAN OF THE BOARD OF DIRECTORS. AFTER DISCLOSURE OF THE INTEREST, THE INTERESTED PERSON MAY NOT PARTICIPATE IN CONSIDERATION OF THE PROPOSED TRANSACTION OR ARRANGEMENT AND SHALL NOT BE PRESENT FOR THE CONSIDERATION OF OR VOTE ON SUCH TRANSACTION UNLESS THE PRESIDENT REQUESTS INFORMATION OR INTERPRETATION FROM THE INTERESTED PERSON. THE PRESIDENT SHALL THEN DETERMINE OR REFER TO THE CHAIRMAN OF THE BOARD AND/OR THE BOARD FOR DETERMINATION OF WHETHER THE TRANSACTION OR ARRANGEMENT IS IN HEC'S BEST INTERESTS AND IS FAIR AND REASONABLE TO HEC AND SHALL MAKE A DECISION WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN ACCORDANCE WITH SUCH DETERMINATION. WHEN THE PRESIDENT, CHAIRMAN OF THE BOARD OR THE BOARD MAKE A DETERMINATION AND DECISION ON THE INTEREST OF AN INTERESTED PERSON, THE MINUTES SHALL CONTAIN THE NAMES OF THE INTERESTED PERSON(S) WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE AN INTEREST, THE NATURE OF THE INTEREST, A RECORD OF ANY DETERMINATION AS TO WHETHER A TRANSACTION OR ARRANGEMENT WAS IN THE BEST INTERESTS OF AND FAIR AND REASONABLE TO HEC AND THE NAMES OF THE PERSONS WHO WERE PRESENT FOR THE DISCUSSIONS ON THE TRANSACTION OR ARRANGEMENT AND A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH. IF THE PRESIDENT, CHAIRMAN OF THE BOARD OR THE BOARD HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE INTEREST, HE, SHE OR THEY SHALL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF AFTER HEARING THE RESPONSE OF THE INTERESTED PERSON AND MAKING SUCH INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE PRESIDENT, THE CHAIRMAN OF THE BOARD OR THE BOARD SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS NO EMPLOYEES - ALL LABOR IS PROVIDED BY HOPE ENTERPRISE CORPORATION, A RELATED ORGANIZATION. HOPE ENTERPRISE CORPORATION PERFORMS THE PROPER REVIEWS AS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION CAN BE CONTACTED DIRECTLY IN ORDER TO REQUEST GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSTRUCTION SERVICES: PROGRAM SERVICE EXPENSES 473,068. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 473,068.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt1HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt2HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt3HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt4HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt5HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt6HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt7HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt8HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt9HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt10HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt11HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt12HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt13HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt14HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt15HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt16HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt17HOPE ENTERPRISE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd30
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd40
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd50
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd60
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd70
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd80
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd90
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd100
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd110
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd120
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd130
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd140
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd150
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd160
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd170
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd180
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0300224328
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1721376692
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN2550787936
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN3263468874
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN4364852627
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN5364852910
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN6352578311
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN7364853101
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN8611809803
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN9611810268
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN10352579556
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN11352579181
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN12831979734
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN13842018487

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.33$0.01$3.32$0.11$0.28$0.17
2023Detailed filing. Detailed filing data is available for this year.$3.69$0.20$3.49$0.22$0.48$0.26
2022Detailed filing. Detailed filing data is available for this year.$3.74$0.00$3.74$0.64$0.71$0.08
2021Detailed filing. Detailed filing data is available for this year.$4.85$1.03$3.82$0.26$0.23$0.03
2020Detailed filing. Detailed filing data is available for this year.$4.90$1.12$3.79$0.98$0.17$0.81
2019Detailed filing. Detailed filing data is available for this year.$4.35$1.06$3.29$0.47$0.30$0.17
2018Detailed filing. Detailed filing data is available for this year.$4.18$1.06$3.13$0.04$0.13$0.09
2017Detailed filing. Detailed filing data is available for this year.$4.28$1.06$3.22$0.22$0.10$0.12
2016Detailed filing. Detailed filing data is available for this year.$4.22$1.06$3.16$3.02$0.27$2.75
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.02$0.41$0.02$0.27$0.25
2014Detailed filing. Detailed filing data is available for this year.$0.83$0.17$0.66$0.09$0.22$0.14
2013Detailed filing. Detailed filing data is available for this year.$0.88$0.08$0.80$0.10$0.23$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.09$0.93$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.09$1.16$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.09$1.39$0.27
Peer Organizations

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