Civic Intelligence

Hope Community Inc.

990 • Fiscal year 2017 • EIN 41-1292817

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 05, 2018

611 East Franklin AvenueMinneapolis, MN 55404

(612) 874-8867

Siviq Scores

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

Liabilities / Assets

61st percentile

0.27x

Higher debt load relative to assets than 61% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

0.93x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

33rd percentile

-1.1%

Higher net margin than 33% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

28th percentile

$71,067

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

39th percentile

0.9%

Faster asset growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

43%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$8,725,099

Up $76,190 (+0.9%) from 2016

Net Assets

Up

$6,360,402

Up $35,667 (+0.6%) from 2016

Liabilities

Up

$2,364,697

Up $40,523 (+1.7%) from 2016

Revenue

Up

$2,553,978

Up $767,657 (+43%) from 2016

Expenses

Up

$2,582,516

Up $398,134 (+18%) from 2016

Net Income

Up

-$28,538

Up $369,523 (+93%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $9,895,277Liabilities 2011: $3,694,172Net Assets 2011: $6,201,1052011Assets 2012: $9,746,118Liabilities 2012: $3,666,182Net Assets 2012: $6,079,9362012Assets 2013: $10,226,689Liabilities 2013: $3,713,961Net Assets 2013: $6,512,7282013Assets 2014: $9,005,476Liabilities 2014: $2,861,487Net Assets 2014: $6,143,9892014Assets 2015: $8,924,002Liabilities 2015: $2,225,799Net Assets 2015: $6,698,2032015Assets 2016: $8,648,909Liabilities 2016: $2,324,174Net Assets 2016: $6,324,7352016Assets 2017: $8,725,099Liabilities 2017: $2,364,697Net Assets 2017: $6,360,4022017Assets 2018: $8,502,737Liabilities 2018: $2,521,093Net Assets 2018: $5,981,6442018Assets 2019: $10,052,337Liabilities 2019: $2,740,951Net Assets 2019: $7,311,3862019Assets 2020: $13,851,231Liabilities 2020: $7,450,249Net Assets 2020: $6,400,9822020Assets 2021: $13,754,226Liabilities 2021: $7,660,852Net Assets 2021: $6,093,3742021Assets 2022: $12,896,217Liabilities 2022: $7,832,917Net Assets 2022: $5,063,3002022Assets 2023: $12,000,734Liabilities 2023: $8,005,689Net Assets 2023: $3,995,0452023Assets 2024: $11,758,795Liabilities 2024: $9,228,011Net Assets 2024: $2,530,7842024

Highlighted filing

2017

Assets$8,725,099
Liabilities$2,364,697
Net Assets$6,360,402

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,732,4942011Revenue 2012: $1,471,996Expenses 2012: $1,623,990Net Income 2012: -$151,9942012Revenue 2013: $2,072,967Expenses 2013: $1,731,325Net Income 2013: $341,6422013Revenue 2014: $1,574,395Expenses 2014: $1,993,020Net Income 2014: -$418,6252014Revenue 2015: $2,526,303Expenses 2015: $1,976,910Net Income 2015: $549,3932015Revenue 2016: $1,786,321Expenses 2016: $2,184,382Net Income 2016: -$398,0612016Revenue 2017: $2,553,978Expenses 2017: $2,582,516Net Income 2017: -$28,5382017Revenue 2018: $2,068,371Expenses 2018: $2,542,431Net Income 2018: -$474,0602018Revenue 2019: $3,834,571Expenses 2019: $2,595,421Net Income 2019: $1,239,1502019Revenue 2020: $3,264,816Expenses 2020: $3,552,280Net Income 2020: -$287,4642020Revenue 2021: $3,542,167Expenses 2021: $3,972,429Net Income 2021: -$430,2622021Revenue 2022: $3,276,829Expenses 2022: $4,184,989Net Income 2022: -$908,1602022Revenue 2023: $3,529,911Expenses 2023: $4,684,312Net Income 2023: -$1,154,4012023Revenue 2024: $3,594,701Expenses 2024: $4,104,786Net Income 2024: -$510,0852024

Highlighted filing

2017

Revenue$2,553,978
Expenses$2,582,516
Net Income-$28,538
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 5, 2018
Return Version
2017v2.2
Gross Receipts
$2,553,978
Mission and Program Overview

Mission

TO BE A CATALYST FOR CHANGE, GROWTH, SAFETY AND BUILDING A SUSTAINABLE NEIGHBORHOOD MODEL THROUGH COOMMUNITY ORGANIZATION, ACTIVE EDUCATION, LEADERSHIP AND AFFORDABLE HOUSING DEVELOPMENT. additionally the vision is to be a nationally recognized model for urban community transformation in areas of engagement, neighborhood redevelopment and affordable housing.

Hope Community creates connections that strengthen the power of community members and communities. We cultivate community leaders, build community capacity, care for the housing and community spaces we develop, and pursue equity and diversity in all that we do.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,105,202$3,304,212▲ $199,010
Other Notes and Loans Receivable, Net$2,046,223$2,048,064▲ $1,841
Cash and Non-Interest-Bearing Accounts$622,418$771,505▲ $149,087
Investments in Publicly Traded Securities$339,439$411,973▲ $72,534
Savings and Temporary Cash Investments$567,386$163,882▼ $403,504
Accounts Receivable$145,283$160,526▲ $15,243
Pledges and Grants Receivable$38,647$151,295▲ $112,648
Intangible Assets$44,327$39,822▼ $4,505
Prepaid Expenses and Deferred Charges$11,344$15,052▲ $3,708
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Total Assets$8,648,909$8,725,099▲ $76,190
Other Assets Total$1,728,640$1,658,768▼ $69,872
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,061,999$2,037,851▼ $24,148
Accounts Payable and Accrued Expenses$185,182$273,754▲ $88,572
Other Liabilities$61,993$53,092▼ $8,901
Deferred Revenue$15,000--
Total Liabilities$2,324,174$2,364,697▲ $40,523
Net Assets / Fund Balance
Unrestricted Net Assets$5,654,444$5,780,850▲ $126,406
Temporarily Rstr Net Assets$572,291$473,552▼ $98,739
Permanently Rstr Net Assets$98,000$106,000▲ $8,000
Total Net Assets Fund Balance$6,324,735$6,360,402▲ $35,667
Total Liabilities and Net Assets / Fund Balance$8,648,909$8,725,099▲ $76,190

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,380,015$1,711,226$3,091,241
Buildings$1,483,774$1,083,279$2,567,053
Other Land Buildings$112,726$241,201$353,927
Land$327,697-$327,697
Other Assets Org$41,998--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shannon JonesExecutive DirectorFT$66,079$4,988$71,067
Mary KeefeFormer Ex. DirectorFT$30,458$1,650$32,108

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Urban HomeworksConstruction2015 Emerson Ave N, Minneapolis, MN 55411$205,704
Revenue and Support

Revenue Composition

Contributions and Grants
$1,961,224
Program Service Revenue
$462,773
Investment Income
$85,586
Other Revenue
$44,395
All Other Contributions
$1,924,384
Change in Net Assets
$-28,538

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,553,978
Revenue Not Reported on Form 990
$170,031
Total Revenue per Audited Statements
$2,724,009
Total Revenue per Form 990
$2,553,978
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,470,782
Salaries, Compensation, and Employee Benefits$1,111,734
Total Fundraising Expense$140,940
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$744,602$63,745$40,447$848,794
Fees for Services Other$258,587$4,560$29,878$293,025
Depreciation Depletion$246,635$1,102$1,323$249,060
Interest$133,117--$133,117
All Other Expenses$81,348$3,333$30,693$115,374
Current Officers, Directors, Trustees, and Key Employees$71,191$15,476$16,508$103,175
Other Employee Benefits$75,658$6,881$8,012$90,551
Payroll Taxes$57,049$5,716$6,449$69,214
Insurance$38,533$368$658$39,559
Other Expenses$38,472-$243$38,472
Occupancy$27,692$609$1,165$29,466
Information Technology$17,549$1,452$2,090$21,091
Office Expenses$10,023$1,540$3,474$15,037
Travel$688$195-$883
Total Functional Expenses$2,336,599$104,977$140,940$2,582,516

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,688,342
Expenses per Audited Statements$2,582,516
Total Expenses per Form 990$2,582,516
Expenses Not Reported on Form 990$105,826
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
TENANTS' DEPOSITS$53,092
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 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
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Aeon management has been contracted to manage properties owned by hope and franklin portland gateway limited partnerships.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 will be presented to board for review and approval at next scheduled BOD meeting or via e-mail upon receipt of draft audit and Form 990 as provided by auditor.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Executive Director ensures that all conflict of interest questionnaires are completed, reviewed for conflicts and discusses with members of board's executive committee for review of any questionnaires that discloses actual or potential conflicts.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Executive Committee of the Board developed the process for establishing the Executive Director's compensation and annual performance review. The Executive Director and Board Co-Chairs write about results of goals established for the year. The Executive Committee discusses results and decides on compensation amount.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The executive director uses the annual compensation information put out by Minnesota Council of Nonprofits in its Minnesota Nonprofit Salary and Benefits Survey as a guide in determining salaries and benefits levels for all positions, excluding their own. Final compensation amounts are negotiated between the executive director and employee.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request and via the charities review council's smart givers network.

Filing and Contact Details

Filer

Filer Name
Hope Community Inc
EIN
41-1292817
Phone
6128748867
Address
611 EAST FRANKLIN AVENUE, MINNEAPOLIS, MN 55404

Signing Officer

Name
Jackie Blakey
Title
Director of Finance
Signed
2018-07-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Jones
Formed
1977
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
32
Volunteers
200

Preparer

Firm
Carpenter Evert & Associates
Address
7760 France Ave S 940, Bloomington, MN 55435
Preparer
Neal O Evert CPA
Phone
9528310085
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

New technology program initiated in collaboration with Best Buy Corporation. Buildout of program space started in Aug 2017 and was completed early 2018.

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

Hope Community is the Managing General Partner of Franklin Portland Gateway Phase III Limited Partnership. The Partnership was formed to construct, lease and operate a 41-unit apartment building, known as The Wellstone, located in Minneapolis. During the construction phase of the project, Partnerships funds were held and disbursed by a local title company. When construction ended and the building placed in service, all remaining funds held by the title company were turned over to Hope Community and placed in a separate depository account. Funds are periodically disbursed from the account to pay for approved project related costs.

Part X : FIN48 Footnote

The Organization has a tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and has adopted Accounting for Uncertainty in Income Taxes, ASC 740-10. The Organization's policy is to evaluate uncertain tax positions, at least annually, for the potential for income tax exposure from unrelated business income or from loss of nonprofit status. The Organization continues to operate consistent with its original exemption application and each year takes the necessary actions to maintain its exempt status. It has been classified as an organization that is not a private foundation under the Internal Revenue Code and charitable contributions by donors are tax deductible.

Raw XML AppendixShowing 400 of 650 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/AccountsPayableAccrExpnssGrp/BOYAmt0185182
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0273754
IRS990/AccountsReceivableGrp/BOYAmt0145283
IRS990/AccountsReceivableGrp/EOYAmt0160526
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Hope Community creates connections that strengthen the power of community members and communities. We cultivate community leaders, build community capacity, care for the housing and community spaces we develop, and pursue equity and diversity in all that we do.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt01924384
IRS990/AllOtherExpensesGrp/FundraisingAmt030693
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03333
IRS990/AllOtherExpensesGrp/ProgramServicesAmt081348
IRS990/AllOtherExpensesGrp/TotalAmt0115374
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Jackie Blakey
IRS990/BooksInCareOfDetail/PhoneNum06128748867
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0611 EAST FRANKLIN AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MINNEAPOLIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055404
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0622418
IRS990/CashNonInterestBearingGrp/EOYAmt0771505
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt016508
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt015476
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt071191
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0103175
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0205704
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt02015 Emerson Ave N
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Minneapolis
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd055411
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Urban Homeworks
IRS990/ContractorCompensationGrp/ServicesDesc0Construction
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01961224
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt085586
IRS990/CYOtherExpensesAmt01470782
IRS990/CYOtherRevenueAmt044395
IRS990/CYProgramServiceRevenueAmt0462773
IRS990/CYRevenuesLessExpensesAmt0-28538
IRS990/CYSalariesCompEmpBnftPaidAmt01111734
IRS990/CYTotalExpensesAmt02582516
IRS990/CYTotalFundraisingExpenseAmt0140940
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02553978
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt015000
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/FundraisingAmt01323
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01102
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0246635
IRS990/DepreciationDepletionGrp/TotalAmt0249060
IRS990/Desc0Community Engagement Hope Community works with diverse adults and youth to build leadership and multi-cultural networks in a community known for isolation. At the core: Hopes year-round work with over 500 community residents annually creates opportunity and long-term sustainability (not limited to residents in our housing). In addition, another 1,000 participate in special opportunities, workshops and events. We always focus on skill building, leadership development, and opportunities to build individual capacity, community capacity and community change. Our work is not about Hope doing for people; it is about supporting people to do for themselves. Core program areas include Art, Policy, and Power; Community Health and Resilience, and Youth and Family Engagement.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt032
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt01204897
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/FundraisingAmt029878
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt04560
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0258587
IRS990/FeesForServicesOtherGrp/TotalAmt0293025
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt160.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt154988
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt161650
IRS990/Form990PartVIISectionAGrp/PersonNm0PAUL LEIGHTON
IRS990/Form990PartVIISectionAGrp/PersonNm1STEVE SHAPIRO
IRS990/Form990PartVIISectionAGrp/PersonNm2CLINT HEWITT
IRS990/Form990PartVIISectionAGrp/PersonNm3CLAIRE CHANG
IRS990/Form990PartVIISectionAGrp/PersonNm4PATRICIA CUMMINGS
IRS990/Form990PartVIISectionAGrp/PersonNm5CECILE BEDOR
IRS990/Form990PartVIISectionAGrp/PersonNm6JODY JONAS
IRS990/Form990PartVIISectionAGrp/PersonNm7HEIDI BARAJAS
IRS990/Form990PartVIISectionAGrp/PersonNm8MARIA MCLEMORE
IRS990/Form990PartVIISectionAGrp/PersonNm9SHARON SAYLES BELTON
IRS990/Form990PartVIISectionAGrp/PersonNm10ANNE BARRY
IRS990/Form990PartVIISectionAGrp/PersonNm11CATHY SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm12BROCKMAN SCHUMACHER
IRS990/Form990PartVIISectionAGrp/PersonNm13MARIA PABON
IRS990/Form990PartVIISectionAGrp/PersonNm14MUNA ABDIRAHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm15SHANNON JONES
IRS990/Form990PartVIISectionAGrp/PersonNm16MARY KEEFE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1566079
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1630458
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt16Former Ex. Dir.
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01977
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt036840
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02553978
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt02090
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01452
IRS990/InformationTechnologyGrp/ProgramServicesAmt017549
IRS990/InformationTechnologyGrp/TotalAmt021091
IRS990/InsuranceGrp/FundraisingAmt0658
IRS990/InsuranceGrp/ManagementAndGeneralAmt0368
IRS990/InsuranceGrp/ProgramServicesAmt038533
IRS990/InsuranceGrp/TotalAmt039559
IRS990/IntangibleAssetsGrp/BOYAmt044327
IRS990/IntangibleAssetsGrp/EOYAmt039822
IRS990/InterestGrp/ProgramServicesAmt0133117
IRS990/InterestGrp/TotalAmt0133117
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt085586
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt085586
IRS990/InvestmentInJointVentureInd0true
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0339439
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0411973
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt069
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03035706
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03105202
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03304212
IRS990/LandBldgEquipCostOrOtherBssAmt06339918
IRS990/LegalDomicileStateCd0MN
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0true
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Hope Community creates connections that strengthen the power of community members and communities. We cultivate community leaders, build community capacity, care for the housing and community spaces we develop, and pursue equity and diversity in all that we do.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02061999
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02037851
IRS990/NetAssetsOrFundBalancesBOYAmt06324735
IRS990/NetAssetsOrFundBalancesEOYAmt06360402
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt064205
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt01165
IRS990/OccupancyGrp/ManagementAndGeneralAmt0609
IRS990/OccupancyGrp/ProgramServicesAmt027692
IRS990/OccupancyGrp/TotalAmt029466
IRS990/OfficeExpensesGrp/FundraisingAmt03474
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01540
IRS990/OfficeExpensesGrp/ProgramServicesAmt010023
IRS990/OfficeExpensesGrp/TotalAmt015037
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01728640
IRS990/OtherAssetsTotalGrp/EOYAmt01658768
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt08012
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06881
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt075658
IRS990/OtherEmployeeBenefitsGrp/TotalAmt090551
IRS990/OtherExpensesGrp/Desc0Operating & Maintenance
IRS990/OtherExpensesGrp/Desc1PROGRAM Services
IRS990/OtherExpensesGrp/Desc2Utilities
IRS990/OtherExpensesGrp/Desc3real Estate Taxes
IRS990/OtherExpensesGrp/FundraisingAmt0243
IRS990/OtherExpensesGrp/ProgramServicesAmt0318815
IRS990/OtherExpensesGrp/ProgramServicesAmt1167994
IRS990/OtherExpensesGrp/ProgramServicesAmt248646
IRS990/OtherExpensesGrp/ProgramServicesAmt338472
IRS990/OtherExpensesGrp/TotalAmt0318815
IRS990/OtherExpensesGrp/TotalAmt1168237
IRS990/OtherExpensesGrp/TotalAmt248646
IRS990/OtherExpensesGrp/TotalAmt338472
IRS990/OtherLiabilitiesGrp/BOYAmt061993
IRS990/OtherLiabilitiesGrp/EOYAmt053092
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt044395
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt044395
IRS990/OtherRevenueTotalAmt044395
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt040447
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt063745
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0744602
IRS990/OtherSalariesAndWagesGrp/TotalAmt0848794
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02046223
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02048064
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt06449
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05716
IRS990/PayrollTaxesGrp/ProgramServicesAmt057049
IRS990/PayrollTaxesGrp/TotalAmt069214
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt098000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0106000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt038647
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0151295
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011344
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015052
IRS990/PrincipalOfficerNm0SHANNON JONES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt021073
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1441700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt021073
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1441700
IRS990/ProgSrvcAccomActy2Grp/Desc0Housing and Asset Management Hope currently manages 263 affordable rental units that provide housing for more than 700 residents. Stable, healthy and affordable housing in a supportive community environment is an effective way for individuals and families to meet the challenges of poverty and isolation in an urban environment. Hope's relationships with residents are rooted in respect and mutual accountability. As a property owner committed to its buildings for the long-term, Hope is responsible for the traditional duties of a real estate asset manager financial oversight, selection of property manager, compliance with regulatory agreements, capital improvement planning, etc. However, Hope's approach to asset management involves a much broader understanding of how to maintain its real estate as a long-term asset. Key to that understanding is relationship maintaining relationships with residents, funders, government partners, neighbors, community members, and many others.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01022152
IRS990/ProgSrvcAccomActy3Grp/Desc0Real Estate Development Hope's work over the last 20+ years has featured an innovative, entrepreneurial approach to community development. Hope has developed a critical mass of housing, indoor and outdoor community space (including Hope's offices and community center), and space for two neighborhood businesses that are changing the face of a formerly devastated neighborhood. In total, Hope has developed 267 units of housing (70% affordable, 30% market rate), 25,000 square feet of retail, office and community space, and 7,500 square feet of urban agriculture space in the blocks around Franklin and Portland. In the fall of 2017, in partnership with Aeon, Hope finished the second full year of operations at The Rose, a 90-unit mixed-income housing development, that completed the South Quarter on all four corners of the Portland and Franklin intersection. Hope and Aeon co-own all buildings in the South Quarter development: Hope owns another 50 units of rental housing in the immediate area.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0109550
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01201894

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$9.23$2.53$3.59$4.10$0.51
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$8.01$4.00$3.53$4.68$1.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$7.83$5.06$3.28$4.18$0.91
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.8$7.66$6.09$3.54$3.97$0.43
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.9$7.45$6.40$3.26$3.55$0.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$2.74$7.31$3.83$2.60$1.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.50$2.52$5.98$2.07$2.54$0.47
2017Detailed filing. Detailed filing data is available for this year.$8.73$2.36$6.36$2.55$2.58$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.65$2.32$6.32$1.79$2.18$0.40
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.92$2.23$6.70$2.53$1.98$0.55
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.01$2.86$6.14$1.57$1.99$0.42
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$10.2$3.71$6.51$2.07$1.73$0.34
2012Summary only. Only limited summary data is available for this year.$9.75$3.67$6.08$1.47$1.62$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.90$3.69$6.20$1.73
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $5M-$10M nonprofits