Civic Intelligence

Hope Empowerment & Development Zone

EIN 20-4598911 • 501(c)3 • Brooklyn, NY

Profile

Hope empowerment and development zone inc exists to provide the people in the community it serves with the tools to close the wealth gap, increase self-reliance and prepare the next generation.

369 New Lots AvenueBrooklyn, NY 11207
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.54x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.13x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

72nd percentile

18%

Higher net margin than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

91st percentile

83%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

106%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$25,529

Up $11,557 (+83%) from 2023

Liabilities

Down

$13,800

Down $7,300 (-35%) from 2023

Net Assets

Up

$11,729

Up $18,857 (+265%) from 2023

Revenue

Up

$107,396

Up $55,269 (+106%) from 2023

Expenses

Up

$88,539

Up $18,712 (+27%) from 2023

Net Income

Up

$18,857

Up $36,557 (+207%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$30K$20K$10K$0-$10KAssets 2020: $13,639Liabilities 2020: $0Net Assets 2020: $13,6392020Assets 2021: $32,643Liabilities 2021: $0Net Assets 2021: $32,6432021Assets 2022: $30,172Liabilities 2022: $19,600Net Assets 2022: $10,5722022Assets 2023: $13,972Liabilities 2023: $21,100Net Assets 2023: -$7,1282023Assets 2024: $25,529Liabilities 2024: $13,800Net Assets 2024: $11,7292024

Highlighted filing

2024

Assets$25,529
Liabilities$13,800
Net Assets$11,729

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2020: $44,730Expenses 2020: $42,491Net Income 2020: $2,2392020Revenue 2021: $207,056Expenses 2021: $189,727Net Income 2021: $17,3292021Revenue 2022: $106,190Expenses 2022: $128,261Net Income 2022: -$22,0712022Revenue 2023: $52,127Expenses 2023: $69,827Net Income 2023: -$17,7002023Revenue 2024: $107,396Expenses 2024: $88,539Net Income 2024: $18,8572024

Highlighted filing

2024

Revenue$107,396
Expenses$88,539
Net Income$18,857

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 21, 2025
Return Version
2024v5.1
Gross Receipts
$107,396
Mission and Program Overview

Mission

Empowerment of underserved individuals

Hope empowerment and development zone inc exists to provide the people in the community it serves with the tools to close the wealth gap, increase self-reliance and prepare the next generation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,904$25,529▲ $14,625
Pledges and Grants Receivable$3,068--
Total Assets$13,972$25,529▲ $11,557
Liabilities
Mortgage Notes Payable Secured by Investment Property$21,100$13,800▼ $7,300
Total Liabilities$21,100$13,800▼ $7,300
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-7,128$11,729▲ $18,857
Total Net Assets Fund Balance$-7,128$11,729▲ $18,857
Total Liabilities and Net Assets / Fund Balance$13,972$25,529▲ $11,557
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tyrone StevensonChairman
Yan FelixMember
Brandon GibsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$107,392
Program Service Revenue
$0
Investment Income
$4
Other Revenue
$0
All Other Contributions
$97,392
Change in Net Assets
$18,857
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$56,766
Salaries, Compensation, and Employee Benefits$31,773
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$28,000--$28,000
All Other Expenses$17,392$3,408-$20,800
Fees for Services Accounting-$7,592-$7,592
Payroll Taxes$3,773--$3,773
Other Expenses$975--$975
Total Functional Expenses$77,539$11,000$0$88,539
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Upon completion of the 990 by independent cpa, a copy is given to the executive director for review and approval. The executive director upon receipt of the tax form then schedules a meeting with members of the organizations finance committee to review the form. Questions if any are then presented to the accountant for clarification. Upon satisfactory clarification of all questions, the 990 is approved by the committee and the accountant is instructed to finalize the return.

Conflict of interest policy compliance Part VI line 12C

The issue of whether a conflict of interest exist is routinely considered during board meetings when the board is engaged in discussion relating to activities conducted by the organization, entering into a contract, hiring personnel, etc.

CEO executive director top management comp Part VI line 15A

In determining the compensation for the organizations executive director and key employees, the organizations board considers the following factors:1) level of education.2) experience.3) compensation paid by other similar organizations.4) financial status of the organization.the board also consults with an outside personnel agency. All discussions pertaining to the decision reached is documented.

Other officer or key employee compensation Part VI line 15B

The organization follows the sane procedure used for ceo, executive dir and top management. See write-up of procedure in part vi, line 15a.

Governing documents etc available to public Part VI line 19

The organizations governing documents, conflict of interest policy and financial statements are maintained at the organizations headquarters and are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hope Empowerment & Development Zone
EIN
20-4598911
In Care Of
% JUNE CARRINGTON
Phone
7182575494
Address
369 NEW LOTS AVENUE, Brooklyn, NY 11207

Signing Officer

Name
June Carrington
Title
Executive Director
Phone
7182575494
Signed
2025-05-21
Discuss with paid preparer
No

Organization Details

Formed
2006
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
1
Volunteers
488

Preparer

Firm
Samuel N Wilson Jr CPA LLC
Address
1000 LAFAYETTE BLVD STE 410, Bridgeport, CT 06604
Preparer
Samuel N Wilson Jr
Phone
2033686086
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

SEE ATTACHED SCHEDULES.

Raw XML Appendix309 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UPON COMPLETION OF THE 990 BY INDEPENDENT CPA, A COPY IS GIVEN TO THE EXECUTIVE DIRECTOR FOR REVIEW AND APPROVAL. THE EXECUTIVE DIRECTOR UPON RECEIPT OF THE TAX FORM THEN SCHEDULES A MEETING WITH MEMBERS OF THE ORGANIZATIONS FINANCE COMMITTEE TO REVIEW THE FORM. QUESTIONS IF ANY ARE THEN PRESENTED TO THE ACCOUNTANT FOR CLARIFICATION. UPON SATISFACTORY CLARIFICATION OF ALL QUESTIONS, THE 990 IS APPROVED BY THE COMMITTEE AND THE ACCOUNTANT IS INSTRUCTED TO FINALIZE THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ISSUE OF WHETHER A CONFLICT OF INTEREST EXIST IS ROUTINELY CONSIDERED DURING BOARD MEETINGS WHEN THE BOARD IS ENGAGED IN DISCUSSION RELATING TO ACTIVITIES CONDUCTED BY THE ORGANIZATION, ENTERING INTO A CONTRACT, HIRING PERSONNEL, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN DETERMINING THE COMPENSATION FOR THE ORGANIZATIONS EXECUTIVE DIRECTOR AND KEY EMPLOYEES, THE ORGANIZATIONS BOARD CONSIDERS THE FOLLOWING FACTORS:1) LEVEL OF EDUCATION.2) EXPERIENCE.3) COMPENSATION PAID BY OTHER SIMILAR ORGANIZATIONS.4) FINANCIAL STATUS OF THE ORGANIZATION.THE BOARD ALSO CONSULTS WITH AN OUTSIDE PERSONNEL AGENCY. ALL DISCUSSIONS PERTAINING TO THE DECISION REACHED IS DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION FOLLOWS THE SANE PROCEDURE USED FOR CEO, EXECUTIVE DIR AND TOP MANAGEMENT. SEE WRITE-UP OF PROCEDURE IN PART VI, LINE 15A.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MAINTAINED AT THE ORGANIZATIONS HEADQUARTERS AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE ATTACHED SCHEDULES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JUNE CARRINGTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07182575494
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPE EMPOWERMENT & DEVELOPMENT ZONE
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0204598911
ReturnHeader/Filer/InCareOfNm0% JUNE CARRINGTON
ReturnHeader/Filer/PhoneNum07182575494
ReturnHeader/Filer/USAddress/AddressLine1Txt0369 NEW LOTS AVENUE
ReturnHeader/Filer/USAddress/CityNm0Brooklyn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011207
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SAMUEL N WILSON JR CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 LAFAYETTE BLVD STE 410
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bridgeport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006604
ReturnHeader/PreparerPersonGrp/PhoneNum02033686086
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SAMUEL N WILSON JR
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-06-09T17:39:12-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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