Civic Intelligence

Hope Community Inc.

990 • Fiscal year 2015 • EIN 23-7013134

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 16, 2016

174 East 104th StreetNew York, NY 10029

(212) 860-8821

Siviq Scores

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

Liabilities / Assets

40th percentile

0.11x

Higher debt load relative to assets than 40% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

37th percentile

0.11x

Higher debt load relative to revenue than 37% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

70th percentile

11%

Higher net margin than 70% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

37th percentile

-1.6%

Faster asset growth than 37% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

71st percentile

13%

Faster revenue growth than 71% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$6,903,637

Down $112,760 (-1.6%) from 2014

Net Assets

Up

$6,176,336

Up $729,910 (+13%) from 2014

Liabilities

Down

$727,301

Down $842,670 (-54%) from 2014

Revenue

Up

$6,715,751

Up $763,604 (+13%) from 2014

Expenses

Up

$5,985,841

Up $116,185 (+2.0%) from 2014

Net Income

Up

$729,910

Up $647,419 (+785%) from 2014

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2012: $6,108,568Liabilities 2012: $1,393,120Net Assets 2012: $4,715,4482012Assets 2013: $6,669,622Liabilities 2013: $1,305,687Net Assets 2013: $5,363,9352013Assets 2014: $7,016,397Liabilities 2014: $1,569,971Net Assets 2014: $5,446,4262014Assets 2015: $6,903,637Liabilities 2015: $727,301Net Assets 2015: $6,176,3362015Assets 2016: $5,816,871Liabilities 2016: $1,971,413Net Assets 2016: $3,845,4582016Assets 2017: $7,043,188Liabilities 2017: $4,754,058Net Assets 2017: $2,289,1302017Assets 2018: $6,419,200Liabilities 2018: $4,881,352Net Assets 2018: $1,537,8482018Assets 2019: $6,256,760Liabilities 2019: $5,570,365Net Assets 2019: $686,3952019Assets 2020: $45,892,417Liabilities 2020: $6,658,119Net Assets 2020: $39,234,2982020Assets 2021: $47,085,503Liabilities 2021: $6,732,145Net Assets 2021: $40,353,3582021Assets 2022: $51,917,413Liabilities 2022: $7,802,880Net Assets 2022: $44,114,5332022Assets 2023: $49,255,249Liabilities 2023: $9,266,723Net Assets 2023: $39,988,5262023Assets 2024: $48,268,215Liabilities 2024: $11,252,900Net Assets 2024: $37,015,3152024

Highlighted filing

2015

Assets$6,903,637
Liabilities$727,301
Net Assets$6,176,336

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $5,900,4912012Expenses 2013: $5,486,4582013Revenue 2014: $5,952,147Expenses 2014: $5,869,656Net Income 2014: $82,4912014Revenue 2015: $6,715,751Expenses 2015: $5,985,841Net Income 2015: $729,9102015Revenue 2016: $7,772,089Expenses 2016: $9,845,631Net Income 2016: -$2,073,5422016Revenue 2017: $9,365,912Expenses 2017: $8,265,028Net Income 2017: $1,100,8842017Revenue 2018: $6,426,287Expenses 2018: $7,742,798Net Income 2018: -$1,316,5112018Revenue 2019: $6,058,072Expenses 2019: $6,908,818Net Income 2019: -$850,7462019Revenue 2020: $8,026,595Expenses 2020: $6,831,765Net Income 2020: $1,194,8302020Revenue 2021: $9,079,771Expenses 2021: $7,972,558Net Income 2021: $1,107,2132021Revenue 2022: $10,141,121Expenses 2022: $9,045,172Net Income 2022: $1,095,9492022Revenue 2023: $6,692,308Expenses 2023: $9,576,113Net Income 2023: -$2,883,8052023Revenue 2024: $4,496,079Expenses 2024: $6,889,303Net Income 2024: -$2,393,2242024

Highlighted filing

2015

Revenue$6,715,751
Expenses$5,985,841
Net Income$729,910
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 16, 2016
Return Version
2014v6.0
Gross Receipts
$8,010,014
Mission and Program Overview

Mission

The organization develops, owns, manages and provides housing for moderate income individuals as well as provides housing and rehabilitation services to homeless families.

The organization develops, owns, manages & provides housing for low and moderate income individuals as well as providing housing and rehabilitation services to homeless families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,145,379$2,254,343▲ $108,964
Cash and Non-Interest-Bearing Accounts$1,714,169$2,165,617▲ $451,448
Accounts Receivable$1,529,354$1,512,921▼ $16,433
Land, Buildings, and Equipment, Net$1,269,036$652,809▼ $616,227
Savings and Temporary Cash Investments$230,000--
Prepaid Expenses and Deferred Charges$42,348$44,540▲ $2,192
Investments Other Securities$32,565$32,111▼ $454
Total Assets$7,016,397$6,903,637▼ $112,760
Other Assets Total$53,546$241,296▲ $187,750
Liabilities
Accounts Payable and Accrued Expenses$911,648$643,982▼ $267,666
Other Liabilities$658,323$83,319▼ $575,004
Total Liabilities$1,569,971$727,301▼ $842,670
Net Assets / Fund Balance
Unrestricted Net Assets$5,446,426$6,176,336▲ $729,910
Total Net Assets Fund Balance$5,446,426$6,176,336▲ $729,910
Total Liabilities and Net Assets / Fund Balance$7,016,397$6,903,637▼ $112,760

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$529,645$1,102,874$1,632,519
Leasehold Improvements$107,664$68,722$176,386
Buildings-$151,813$151,813
Land$15,500-$15,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Walter M RobertsExec. DirectorFT$133,351$7,938$141,289
Andrea QuetellCFOFT$92,558$6,696$99,254
Nellie PlumeyChief Oper.FT$87,375$9,105$96,480

Board Members and Trustees

NameTitle
Ann HendersonPresident
Carlos DiazDirector
Gemma ThomasDirector
Jonathan VazconesDirector
Roger CabanDirector
Stacy CrawfordDirector
William OfenlochDirector
Kathy BensonSecretary
Kevin BarrettTreasurer
Brad BeckstromVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,942,372
Program Service Revenue
$3,460,790
Investment Income
$1,026,883
Other Revenue
$285,706
All Other Contributions
$225,893
Change in Net Assets
$729,910

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,715,751
Total Revenue per Audited Statements
$6,715,751
Total Revenue per Form 990
$6,715,751
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,893,788
Other Expenses$1,092,053
Total Fundraising Expense$73,512
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,209,752$385,049$23,141$3,617,942
Other Employee Benefits$568,083$80,744$3,787$652,614
Current Officers, Directors, Trustees, and Key Employees$104,982$194,967$13,335$313,284
Payroll Taxes$268,062$38,158$3,728$309,948
All Other Expenses$154,133$97,796$29,521$281,450
Office Expenses$90,406$39,607-$130,013
Other Expenses$24,903$63,673-$88,576
Insurance$73,242--$73,242
Depreciation Depletion$1,605$19,952-$21,557
Advertising$1,601$7,454-$9,055
Travel$3,289$2,018-$5,307
Total Functional Expenses$4,870,686$1,041,643$73,512$5,985,841

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,985,841
Total Expenses per Audited Statements$5,985,841
Total Expenses per Form 990$5,985,841
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
Deferred Income$48,319
Advances$35,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Page 6, Part VI, Line 11B

The form 990 is reviewed prior to signing and filing the form.

Form 990, Page 6, Part VI, Line 12C

The board of directors monitors and enforces compliance with the conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The board of directors reviews and approves all compensation for top management officials and other officers and key employees.

Form 990, Page 6, Part VI, Line 15B

The board of directors reviews and approves all compensation for top management officials and other officers and key employees.

Form 990, Page 6, Part VI, Line 19

Financial statements are available to the public through the new york state charities registration bureau.

Filing and Contact Details

Filer

Filer Name
Hope Community Inc
EIN
23-7013134
Phone
2128608821
Address
174 EAST 104TH STREET, NEW YORK, NY 10029

Signing Officer

Name
Walter M Roberts
Title
Executive Director
Phone
2128608821
Signed
2016-02-16
Discuss with paid preparer
Yes

Organization Details

Formed
1968
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
74
Volunteers
10

Preparer

Firm
Vogel & Russo Llp
Address
111 N CENTRAL AVE STE 330, HARTSDALE, NY 10530-1937
Preparer
Anna T Russo CPA
Phone
9149975123
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED PRIOR TO SIGNING AND FILING THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL COMPENSATION FOR TOP MANAGEMENT OFFICIALS AND OTHER OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL COMPENSATION FOR TOP MANAGEMENT OFFICIALS AND OTHER OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE NEW YORK STATE CHARITIES REGISTRATION BUREAU.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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