Civic Intelligence

Place of Hope Incorporated

EIN 26-4310772 • 501(c)3 • Memphis, TN

Profile

The organization provides quality low income housing for disabled individuals.

4041 Knight Arnold Road Suite 300Memphis, TN 38118
Siviq Scores

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

Liabilities / Assets

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.53x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

22nd percentile

-9.5%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

34th percentile

-1.6%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

18%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$1,354,502

Down $21,778 (-1.6%) from 2023

Liabilities

Down

$77,462

Down $8,011 (-9.4%) from 2023

Net Assets

Down

$1,277,040

Down $13,767 (-1.1%) from 2023

Operations
Liabilities / Revenue82nd percentileNet Margin22nd percentile

Revenue

Up

$145,037

Up $21,941 (+18%) from 2023

Expenses

Down

$158,804

Down $39,583 (-20%) from 2023

Net Income

Up

-$13,767

Up $61,524 (+82%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth34th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $1,594,896Liabilities 2020: $54,851Net Assets 2020: $1,540,0452020Assets 2021: $1,542,732Liabilities 2021: $67,716Net Assets 2021: $1,475,0162021Assets 2022: $1,449,742Liabilities 2022: $83,644Net Assets 2022: $1,366,0982022Assets 2023: $1,376,280Liabilities 2023: $85,473Net Assets 2023: $1,290,8072023Assets 2024: $1,354,502Liabilities 2024: $77,462Net Assets 2024: $1,277,0402024

Highlighted filing

2024

Assets$1,354,502
Liabilities$77,462
Net Assets$1,277,040
Open 2024 Filing

Operations Trend

Revenue Growth65th percentile

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

$300K$200K$100K$0-$100K-$200KRevenue 2020: $118,551Expenses 2020: $171,870Net Income 2020: -$53,3192020Revenue 2021: $117,050Expenses 2021: $182,079Net Income 2021: -$65,0292021Revenue 2022: $124,494Expenses 2022: $234,920Net Income 2022: -$110,4262022Revenue 2023: $123,096Expenses 2023: $198,387Net Income 2023: -$75,2912023Revenue 2024: $145,037Expenses 2024: $158,804Net Income 2024: -$13,7672024

Highlighted filing

2024

Revenue$145,037
Expenses$158,804
Net Income-$13,767
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,354,502
Liabilities
$77,462
Net assets
$1,277,040
Revenue
$145,037
Expenses
$158,804
Net income
-$13,767
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.35$0.08$1.28$0.15$0.16$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.38$0.09$1.29$0.12$0.20$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.45$0.08$1.37$0.12$0.23$0.11
2021Detailed filing. Detailed filing data is available for this year.$1.54$0.07$1.48$0.12$0.18$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.59$0.05$1.54$0.12$0.17$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 5, 2024
Return Version
2023v6.0
Gross Receipts
$145,037
Mission and Program Overview

Mission

The organization provides quality low income housing for disabled individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,290,807$1,277,040▼ $13,767
Land, Buildings, and Equipment, Net$1,317,379$1,269,329▼ $48,050
Cash and Non-Interest-Bearing Accounts$15,946$38,063▲ $22,117
Accounts Receivable-$3,911-
Total Assets$1,376,280$1,354,502▼ $21,778
Other Assets Total$42,955$43,199▲ $244
Liabilities
Accounts Payable and Accrued Expenses$79,867$77,462▼ $2,405
Other Liabilities$5,606--
Total Liabilities$85,473$77,462▼ $8,011
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,290,807$1,277,040▼ $13,767
Total Liabilities and Net Assets / Fund Balance$1,376,280$1,354,502▼ $21,778

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,252,450$599,133-
Land$15,000--
Equipment$1,879$15,255-
Other Assets Org$4,142--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Syed SalatChairman
Revenue and Support

Revenue Composition

Contributions and Grants
$127,659
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$17,378
All Other Contributions
$127,659
Change in Net Assets
$-13,767

Audited Revenue Reconciliation

Revenue per Audited Statements
$145,037
Total Revenue per Audited Statements
$145,037
Total Revenue per Form 990
$145,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$125,499
Salaries, Compensation, and Employee Benefits$33,305
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$48,049--$48,049
Occupancy$41,830$4,648-$46,478
Other Salaries and Wages$25,166$2,792-$27,958
Office Expenses$15,614$1,734-$17,348
Insurance$11,365$1,262-$12,627
Payroll Taxes$4,813$534-$5,347
Fees for Services Management$809$89-$898
Advertising$90$9-$99
Total Functional Expenses$147,736$11,068$0$158,804

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$158,804
Total Expenses per Audited Statements$158,804
Total Expenses per Form 990$158,804
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 governing body review Part VI line 11

“The board reviews the finalized 990 and supporting schedules before submission to the irs.”

Conflict of interest policy compliance Part VI line 12C

“All MEMBERS OF THE BOARD MUST SIGN A STATEMENT THAT NEITHER THEY NOR ANY OF THEIR BUSINESS INTEREST OR FAMILIES WILL ENGAGE IN ANY FINANCIAL ACTIVITY OR INTEREST WITH THE PLACE OF HOPE. THE SIGNED STAEMENT MUST BE GIVED TO THE INTERNAL AUDITOR.”

CEO executive director top management comp Part VI line 15A

“All members of the board as well as the internal auditor serve without any compenstation. If this were to ever change, the board would review current salaries for different positions as published by robert half management recruiters.”

Other officer or key employee compensation Part VI line 15B

“The board reviews management and financial salaries and wagess as published by robert half management recruiters in the memphis and nashville metro regions for guidance in setting salaries and wages on an annual basis.”

Form 990 availability to public Part VI line 18

“Form 990 is available to the public upon request by contacting john davis, internal auditor, at 901-261-7502.”

Governing documents etc available to public Part VI line 19

“The annual audit conducted by banks, finely and white as well as the annual 990 prepared by the internal auditor are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Place of Hope Incorporated
EIN
26-4310772
Address
4041 KNIGHT ARNOLD ROAD SUITE 300, Memphis, TN 38118

Signing Officer

Name
John D Davis Jr CPA
Title
Internal Audito
Phone
9012617502
Signed
2024-11-05
Discuss with paid preparer
No

Organization Details

Formed
2014
Legal Domicile
Tn
Voting Board Members
3
Independent Board Members
3
Employees
1

Preparer

Firm
John D Davis Jr CPA
Address
427 S PERKINS RD UNIT 1, Memphis, TN 38117
Preparer
John D Davis Jr
Phone
9013373207
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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/ExplanationTxt1All MEMBERS OF THE BOARD MUST SIGN A STATEMENT THAT NEITHER THEY NOR ANY OF THEIR BUSINESS INTEREST OR FAMILIES WILL ENGAGE IN ANY FINANCIAL ACTIVITY OR INTEREST WITH THE PLACE OF HOPE. THE SIGNED STAEMENT MUST BE GIVED TO THE INTERNAL AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS OF THE BOARD AS WELL AS THE INTERNAL AUDITOR SERVE WITHOUT ANY COMPENSTATION. IF THIS WERE TO EVER CHANGE, THE BOARD WOULD REVIEW CURRENT SALARIES FOR DIFFERENT POSITIONS AS PUBLISHED BY ROBERT HALF MANAGEMENT RECRUITERS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST BY CONTACTING JOHN DAVIS, INTERNAL AUDITOR, AT 901-261-7502.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ANNUAL AUDIT CONDUCTED BY BANKS, FINELY AND WHITE AS WELL AS THE ANNUAL 990 PREPARED BY THE INTERNAL AUDITOR ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990/TotalLiabilitiesGrp/EOYAmt077462
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01290807
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01277040
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0147736
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017378
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0145037
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01376280
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01354502
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN D DAVIS JR CPA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0INTERNAL AUDITO
ReturnHeader/BusinessOfficerGrp/PhoneNum09012617502
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PLACE OF HOPE INCORPORATED
ReturnHeader/Filer/BusinessNameControlTxt0PLAC
ReturnHeader/Filer/EIN0264310772
ReturnHeader/Filer/USAddress/AddressLine1Txt04041 KNIGHT ARNOLD ROAD SUITE 300
ReturnHeader/Filer/USAddress/CityNm0Memphis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038118
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN D DAVIS JR CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0427 S PERKINS RD UNIT 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Memphis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038117
ReturnHeader/PreparerPersonGrp/PhoneNum09013373207
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN D DAVIS JR
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-25T15:40:10-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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