Civic Intelligence

Hope U Inc

990EZ • Fiscal year 2018 • EIN 46-4809349

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

1400 18th StreetChesapeake, VA 23324

(757) 227-5444

Siviq Scores

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

Liabilities / Assets

75th percentile

0.07x

Higher debt load relative to assets than 75% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

50th percentile

3.1%

Higher net margin than 50% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

71st percentile

19%

Faster asset growth than 71% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

60th percentile

8.1%

Faster revenue growth than 60% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$37,459

Up $6,065 (+19%) from 2017

Net Assets

Up

$35,021

Up $3,627 (+12%) from 2017

Liabilities

Up

$2,438

Up $2,438 from 2017

Revenue

Up

$117,325

Up $8,836 (+8.1%) from 2017

Expenses

Up

$113,698

Up $57,825 (+103%) from 2017

Net Income

Down

$3,627

Down $48,989 (-93%) from 2017

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0-$20K-$40KAssets 2014: $1,269Liabilities 2014: $02014Assets 2015: $5,564Liabilities 2015: $29,1742015Assets 2016: $867Liabilities 2016: $22,089Net Assets 2016: -$21,2222016Assets 2017: $31,394Liabilities 2017: $0Net Assets 2017: $31,3942017Assets 2018: $37,459Liabilities 2018: $2,438Net Assets 2018: $35,0212018Assets 2019: $43,016Liabilities 2019: $173Net Assets 2019: $42,8432019

Highlighted filing

2018

Assets$37,459
Liabilities$2,438
Net Assets$35,021

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2014: $4,582Expenses 2014: $3,313Net Income 2014: $1,2692014Revenue 2015: $107,432Expenses 2015: $132,311Net Income 2015: -$24,8792015Revenue 2016: $82,019Expenses 2016: $75,518Net Income 2016: $6,5012016Revenue 2017: $108,489Expenses 2017: $55,873Net Income 2017: $52,6162017Revenue 2018: $117,325Expenses 2018: $113,698Net Income 2018: $3,6272018Revenue 2019: $168,038Expenses 2019: $160,216Net Income 2019: $7,8222019

Highlighted filing

2018

Revenue$117,325
Expenses$113,698
Net Income$3,627
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$117,325
Mission and Program Overview

Mission

Mission of hope u: hope u was formed for the sole purpose of helping youth achieve independence and sustainable employment through a reliable support system. Hope u works tirelessly everyday helping the community's disconnected youth - youth between the ages of 16-24 who are neither working nor in school.

Program Services

DescriptionGrantsExpenses
THE GOALS ARE TWO-FOLD: GOAL 1 IS TO EMPOWER YOUNG PEOPLE TO ATTAIN AUTONOMY BY TEACHING THEM INDEPENDENT LIVING SKILLS TO BETTER PREPARE THEM FOR YOUNG ADULTHOOD. THE FOCUS FOR THESE 14-21 YEAR OLDS IS SKILL DEVELOPMENT AND SMART GOAL SETTING. GOAL 2 IS TO HELP EMANCIPATED FOSTER YOUTH CONNECT AND DISCONNECTED YOUTH RE-CONNECT, OFFERING TEMPORARY FINANCIAL ASSISTANCE, MENTORING, EDUCATION AND REINFORCEMENT OF TRADITIONAL LIFE SKILLS. THE FOCUS FOR THESE 18-26 YEAR OLDS IS REMOVING BARRIERS TO EDUCATION AND EMPLOYMENT GOALS.-$111,432
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
NICKOLAS GABRIELPresident/TrPT$0--
BRIAN WARREN GABRIELVice PresidePT$0--
Filing and Contact Details

Filer

Filer Name
Hope U Inc
EIN
46-4809349
Address
1400 18TH STREET, CHESAPEAKE, VA 23324

Signing Officer

Name
Nickolas Gabriel
Title
President/treasurer
Signed
2019-11-14

Preparer

Firm
Barnes Brock Cornwell & Painter Plc
Address
908 EDEN WAY N STE 201, CHESAPEAKE, VA 23320-2640
Preparer
Kimberly C Painter
Phone
7579615017
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 1,149 office 457 travel 9,960 insurance 1,423 resident program expense 83,630 dues and subscriptions 996 credit card fees 289 taxes and license 272 contribution expenses 740 non-investment depreciation 25 total 98,941

Form 990-ez, Part II, Line 24

Furniture & fixtures 306 306 less accumulated depreciation 218 243 employee advances 0 135 total 88 198

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 2,438

Form 990-ez, Part III

Mission of hope u: hope u was formed for the sole purpose of helping youth achieve independence and sustainable employment through a reliable support system. Hope u works tirelessly everyday helping the community's disconnected youth - youth between the ages of 16-24 who are neither working nor in school.

Form 990-ez, Part III, Line 28

The goals are two-fold: goal 1 is to empower young people to attain autonomy by teaching them independent living skills to better prepare them for young adulthood. The focus for these 14-21 year olds is skill development and smart goal setting. Goal 2 is to help emancipated foster youth connect and disconnected youth re-connect, offering temporary financial assistance, mentoring, education and reinforcement of traditional life skills. The focus for these 18-26 year olds is removing barriers to education and employment goals.

Raw XML Appendix146 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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IRS990EZ/PrimaryExemptPurposeTxt0MISSION OF HOPE U: HOPE U WAS FORMED FOR THE SOLE PURPOSE OF HELPING YOUTH ACHIEVE INDEPENDENCE AND SUSTAINABLE EMPLOYMENT THROUGH A RELIABLE SUPPORT SYSTEM. HOPE U WORKS TIRELESSLY EVERYDAY HELPING THE COMMUNITY'S DISCONNECTED YOUTH - YOUTH BETWEEN THE AGES OF 16-24 WHO ARE NEITHER WORKING NOR IN SCHOOL.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE GOALS ARE TWO-FOLD: GOAL 1 IS TO EMPOWER YOUNG PEOPLE TO ATTAIN AUTONOMY BY TEACHING THEM INDEPENDENT LIVING SKILLS TO BETTER PREPARE THEM FOR YOUNG ADULTHOOD. THE FOCUS FOR THESE 14-21 YEAR OLDS IS SKILL DEVELOPMENT AND SMART GOAL SETTING. GOAL 2 IS TO HELP EMANCIPATED FOSTER YOUTH CONNECT AND DISCONNECTED YOUTH RE-CONNECT, OFFERING TEMPORARY FINANCIAL ASSISTANCE, MENTORING, EDUCATION AND REINFORCEMENT OF TRADITIONAL LIFE SKILLS. THE FOCUS FOR THESE 18-26 YEAR OLDS IS REMOVING BARRIERS TO EDUCATION AND EMPLOYMENT GOALS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 1,149 OFFICE 457 TRAVEL 9,960 INSURANCE 1,423 RESIDENT PROGRAM EXPENSE 83,630 DUES AND SUBSCRIPTIONS 996 CREDIT CARD FEES 289 TAXES AND LICENSE 272 CONTRIBUTION EXPENSES 740 NON-INVESTMENT DEPRECIATION 25 TOTAL 98,941
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FURNITURE & FIXTURES 306 306 LESS ACCUMULATED DEPRECIATION 218 243 EMPLOYEE ADVANCES 0 135 TOTAL 88 198
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 2,438
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MISSION OF HOPE U: HOPE U WAS FORMED FOR THE SOLE PURPOSE OF HELPING YOUTH ACHIEVE INDEPENDENCE AND SUSTAINABLE EMPLOYMENT THROUGH A RELIABLE SUPPORT SYSTEM. HOPE U WORKS TIRELESSLY EVERYDAY HELPING THE COMMUNITY'S DISCONNECTED YOUTH - YOUTH BETWEEN THE AGES OF 16-24 WHO ARE NEITHER WORKING NOR IN SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOALS ARE TWO-FOLD: GOAL 1 IS TO EMPOWER YOUNG PEOPLE TO ATTAIN AUTONOMY BY TEACHING THEM INDEPENDENT LIVING SKILLS TO BETTER PREPARE THEM FOR YOUNG ADULTHOOD. THE FOCUS FOR THESE 14-21 YEAR OLDS IS SKILL DEVELOPMENT AND SMART GOAL SETTING. GOAL 2 IS TO HELP EMANCIPATED FOSTER YOUTH CONNECT AND DISCONNECTED YOUTH RE-CONNECT, OFFERING TEMPORARY FINANCIAL ASSISTANCE, MENTORING, EDUCATION AND REINFORCEMENT OF TRADITIONAL LIFE SKILLS. THE FOCUS FOR THESE 18-26 YEAR OLDS IS REMOVING BARRIERS TO EDUCATION AND EMPLOYMENT GOALS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NICKOLAS GABRIEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPE U INC
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0464809349
ReturnHeader/Filer/USAddress/AddressLine1Txt01400 18TH STREET
ReturnHeader/Filer/USAddress/CityNm0CHESAPEAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023324
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07F6566B84D79D6CA44EC4D05B5CF094878D71A4D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08AE7A7985622D0299A6D121F26C0752C747F2B2F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:40:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200221868
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BARNES BROCK CORNWELL & PAINTER PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0908 EDEN WAY N STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHESAPEAKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0233202640
ReturnHeader/PreparerPersonGrp/PhoneNum07579615017
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIMBERLY C PAINTER
ReturnHeader/ReturnTs02019-11-15T09:40:00-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings