Civic Intelligence

Hope Empowerment and Development Zone Incorporated

990 • Fiscal year 2022 • EIN 20-4598911

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

Organization Profile
369 New Lots AvenueBrooklyn, NY 11207

(718) 257-5494

Siviq Scores

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

Liabilities / Assets

88th percentile

0.65x

Higher debt load relative to assets than 88% of similar nonprofits.

2022 filings • NTEE S20 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

0.18x

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

2022 filings • NTEE S20 • <$500k nonprofits • Source year 2022

Net Margin

17th percentile

-21%

Higher net margin than 17% of similar nonprofits.

2022 filings • NTEE S20 • <$500k nonprofits • Source year 2022

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

2022 filings • NTEE S20 • <$500k nonprofits • Source year 2022

Asset Growth

36th percentile

-7.6%

Faster asset growth than 36% of similar nonprofits.

2022 filings • NTEE S20 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

20th percentile

-49%

Faster revenue growth than 20% of similar nonprofits.

2022 filings • NTEE S20 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$30,172

Down $2,471 (-7.6%) from 2021

Net Assets

Down

$10,572

Down $22,071 (-68%) from 2021

Liabilities

Up

$19,600

Up $19,600 from 2021

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin17th percentile

Revenue

Down

$106,190

Down $100,866 (-49%) from 2021

Expenses

Down

$128,261

Down $61,466 (-32%) from 2021

Net Income

Down

-$22,071

Down $39,400 (-227%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$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

2022

Assets$30,172
Liabilities$19,600
Net Assets$10,572
Open 2022 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$106,190
Expenses$128,261
Net Income-$22,071
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$106,190
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$10,143$29,172▲ $19,029
Pledges and Grants Receivable$21,000$1,000▼ $20,000
Total Assets$32,643$30,172▼ $2,471
Other Assets Total$1,500--
Liabilities
Mortgage Notes Payable Secured by Investment Property-$19,600-
Total Liabilities$0$19,600▲ $19,600
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$32,643$10,572▼ $22,071
Total Net Assets Fund Balance$32,643$10,572▼ $22,071
Total Liabilities and Net Assets / Fund Balance$32,643$30,172▼ $2,471
Compensation and Service Providers
Top Officer Pay82nd percentile

Board Members and Trustees

NameTitle
Tyrone StevensonChairman
Yan FelixMember
Brandon GibsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$106,190
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-22,071
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$76,258
Salaries, Compensation, and Employee Benefits$52,003
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$47,472--$47,472
All Other Expenses$10,338$3,386-$13,724
Other Expenses$11,441--$11,441
Fees for Services Accounting-$8,790-$8,790
Office Expenses-$5,863-$5,863
Payroll Taxes$4,531--$4,531
Advertising$1,536--$1,536
Travel-$62-$62
Total Functional Expenses$110,160$18,101$0$128,261
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
Address
369 NEW LOTS AVENUE, Brooklyn, NY 11207

Signing Officer

Name
June Carrington
Title
Executive Direc
Phone
7182575494
Signed
2023-11-13
Discuss with paid preparer
No

Organization Details

Formed
2006
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
354

Preparer

Firm
Samuel N Wilson Jr CPA
Address
1000 Lafayette Blvd Ste 408, 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 Appendix306 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0HOPE 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.
IRS990/AdvertisingGrp/ProgramServicesAmt01536
IRS990/AdvertisingGrp/TotalAmt01536
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03386
IRS990/AllOtherExpensesGrp/ProgramServicesAmt010338
IRS990/AllOtherExpensesGrp/TotalAmt013724
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0TRACY BELL
IRS990/BooksInCareOfDetail/PhoneNum07182575494
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0369 NEW LOTS AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0Brooklyn
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd011207
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt010143
IRS990/CashNonInterestBearingGrp/EOYAmt029172
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0106190
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt076258
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-22071
IRS990/CYSalariesCompEmpBnftPaidAmt052003
IRS990/CYTotalExpensesAmt0128261
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0106190
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc01) THE ORGANIZATION ENGAGED 354 VOLUNTEERS THAT DISTRIBUTED 39,271 LBS OF PRODUCE TO 9,868 FAMILIES.2) THE ORGANIZATION ADMINISTERED 1,289 COVID-19 VACCINATIONS.3) SIXTEEN INDIVIDUALS RECEIVED 43 HOURS OF MENTAL HEALTH COUNSELING.4) NINETEEN STUDENTS RECEIVED SCHOLARSHIPS THROUGH THE ROY L COLEMAN SCHOLARSHIP PROGRAM.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0110160
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08790
IRS990/FeesForServicesAccountingGrp/TotalAmt08790
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0YAN FELIX
IRS990/Form990PartVIISectionAGrp/PersonNm1TYRONE STEVENSON
IRS990/Form990PartVIISectionAGrp/PersonNm2BRANDON GIBSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt0106190
IRS990/GrantAmt071100
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0106190
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0HOPE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt019600
IRS990/NetAssetsOrFundBalancesBOYAmt032643
IRS990/NetAssetsOrFundBalancesEOYAmt010572
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt032643
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt010572
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05863
IRS990/OfficeExpensesGrp/TotalAmt05863
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0HOPE MARKET PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1ZOE PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc2VACCINATION CLINIC EXPENSES
IRS990/OtherExpensesGrp/Desc3VOLUNTEER PROGRAM
IRS990/OtherExpensesGrp/ProgramServicesAmt08960
IRS990/OtherExpensesGrp/ProgramServicesAmt111121
IRS990/OtherExpensesGrp/ProgramServicesAmt214761
IRS990/OtherExpensesGrp/ProgramServicesAmt311441
IRS990/OtherExpensesGrp/TotalAmt08960
IRS990/OtherExpensesGrp/TotalAmt111121
IRS990/OtherExpensesGrp/TotalAmt214761
IRS990/OtherExpensesGrp/TotalAmt311441
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt047472
IRS990/OtherSalariesAndWagesGrp/TotalAmt047472
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt04531
IRS990/PayrollTaxesGrp/TotalAmt04531
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt021000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01000
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0207056
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0186142
IRS990/PYRevenuesLessExpensesAmt017329
IRS990/PYSalariesCompEmpBnftPaidAmt03585
IRS990/PYTotalExpensesAmt0189727
IRS990/PYTotalRevenueAmt0207056
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-22071
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0106190
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0207054
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt044730
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt022455
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt05954
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0386383
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0386383
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0106190
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0207054
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt044730
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt022455
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05954
IRS990ScheduleA/Total509Grp/TotalAmt0386383
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0106190
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0207054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt044730
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt022455
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05954
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0386383
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt032643
IRS990/TotalAssetsEOYAmt030172
IRS990/TotalAssetsGrp/BOYAmt032643
IRS990/TotalAssetsGrp/EOYAmt030172
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0106190
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018101
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0110160
IRS990/TotalFunctionalExpensesGrp/TotalAmt0128261
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt019600
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt019600
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt032643
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010572
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0110160
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0106190
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0354
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt032643
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt030172
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt062
IRS990/TravelGrp/TotalAmt062
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JUNE CARRINGTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum07182575494
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPE EMPOWERMENT & DEVELOPMENT ZONE
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0204598911
ReturnHeader/Filer/USAddress/AddressLine1Txt0369 NEW LOTS AVENUE
ReturnHeader/Filer/USAddress/CityNm0Brooklyn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011207
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Samuel N Wilson Jr CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 Lafayette Blvd Ste 408
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bridgeport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006604
ReturnHeader/PreparerPersonGrp/PhoneNum02033686086
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Samuel N Wilson Jr
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-15T17:18:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JUNE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CARRINGTON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,172
Liabilities
$19,600
Net assets
$10,572
Revenue
$106,190
Expenses
$128,261
Net income
-$22,071
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.14$0.12$1.07$0.89$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.21$0.07$0.52$0.70$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.30$0.20$0.11$1.06$1.28$0.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.00$0.33$2.07$1.90$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.00$0.14$0.45$0.42$0.02