Civic Intelligence

Helping Overcome Povertys Existence Inc.

990 • Fiscal year 2017 • EIN 54-1630342

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 11, 2017

Organization ProfileWWW.WYTHEHOPE.ORG
680 West Main Street PO Box 743Wytheville, VA 24382

(276) 228-6280

Siviq Scores

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

Liabilities / Assets

86th percentile

0.72x

Higher debt load relative to assets than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

1.79x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

27th percentile

-5.0%

Higher net margin than 27% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

28th percentile

-2.4%

Faster asset growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

28th percentile

-4.2%

Faster revenue growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$2,606,404

Down $65,183 (-2.4%) from 2016

Net Assets

Down

$730,136

Down $50,123 (-6.4%) from 2016

Liabilities

Down

$1,876,268

Down $15,060 (-0.8%) from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin27th percentile

Revenue

Down

$1,045,974

Down $45,715 (-4.2%) from 2016

Expenses

Up

$1,098,597

Up $32,267 (+3.0%) from 2016

Net Income

Down

-$52,623

Down $77,982 (-308%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,673,748Liabilities 2011: $1,631,913Net Assets 2011: $41,8352011Assets 2012: $1,355,846Liabilities 2012: $1,039,100Net Assets 2012: $316,7462012Assets 2013: $2,156,009Liabilities 2013: $2,009,157Net Assets 2013: $146,8522013Assets 2014: $2,698,291Liabilities 2014: $1,822,124Net Assets 2014: $876,1672014Assets 2015: $2,516,949Liabilities 2015: $1,743,566Net Assets 2015: $773,3832015Assets 2016: $2,671,587Liabilities 2016: $1,891,328Net Assets 2016: $780,2592016Assets 2017: $2,606,404Liabilities 2017: $1,876,268Net Assets 2017: $730,1362017Assets 2018: $3,735,079Liabilities 2018: $2,644,101Net Assets 2018: $1,090,9782018Assets 2019: $4,018,150Liabilities 2019: $2,777,802Net Assets 2019: $1,240,3482019Assets 2020: $4,167,654Liabilities 2020: $2,646,179Net Assets 2020: $1,521,4752020Assets 2022: $5,246,776Liabilities 2022: $3,259,384Net Assets 2022: $1,987,3922022Assets 2023: $5,808,667Liabilities 2023: $3,771,750Net Assets 2023: $2,036,9172023Assets 2024: $5,852,579Liabilities 2024: $4,023,372Net Assets 2024: $1,829,2072024

Highlighted filing

2017

Assets$2,606,404
Liabilities$1,876,268
Net Assets$730,136
Open 2017 Filing

Operations Trend

Revenue Growth28th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $837,399Expenses 2011: $806,584Net Income 2011: $30,8152011Revenue 2012: $1,211,709Expenses 2012: $936,798Net Income 2012: $274,9112012Revenue 2013: $734,208Expenses 2013: $904,102Net Income 2013: -$169,8942013Revenue 2014: $1,319,954Expenses 2014: $862,721Net Income 2014: $457,2332014Revenue 2015: $789,425Expenses 2015: $892,209Net Income 2015: -$102,7842015Revenue 2016: $1,091,689Expenses 2016: $1,066,330Net Income 2016: $25,3592016Revenue 2017: $1,045,974Expenses 2017: $1,098,597Net Income 2017: -$52,6232017Revenue 2018: $1,503,902Expenses 2018: $1,143,060Net Income 2018: $360,8422018Revenue 2019: $1,568,218Expenses 2019: $1,418,848Net Income 2019: $149,3702019Revenue 2020: $1,823,719Expenses 2020: $1,560,292Net Income 2020: $263,4272020Revenue 2022: $1,591,441Expenses 2022: $1,936,946Net Income 2022: -$345,5052022Revenue 2023: $1,767,094Expenses 2023: $1,717,569Net Income 2023: $49,5252023Revenue 2024: $1,819,267Expenses 2024: $1,913,663Net Income 2024: -$94,3962024

Highlighted filing

2017

Revenue$1,045,974
Expenses$1,098,597
Net Income-$52,623
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 11, 2017
Return Version
2016v3.0
Gross Receipts
$1,045,974
Mission and Program Overview

Mission

Hope provides tools to build community sustainability and independence, specifically by providing housing affordability and food security assistance for low income residents of the service area.

To provide housing affordability and food security assistance for low income residents of the service area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,490,249$1,472,460▼ $17,789
Inventories for Sale or Use$761,552$793,773▲ $32,221
Cash and Non-Interest-Bearing Accounts$76,559$45,312▼ $31,247
Pledges and Grants Receivable$68,369$41,322▼ $27,047
Prepaid Expenses and Deferred Charges$10,784$15,292▲ $4,508
Investments in Publicly Traded Securities$6,822$6,423▼ $399
Total Assets$2,671,587$2,606,404▼ $65,183
Other Assets Total$257,252$231,822▼ $25,430
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,842,552$1,805,709▼ $36,843
Accounts Payable and Accrued Expenses$16,469$38,642▲ $22,173
Other Liabilities$32,307$31,917▼ $390
Total Liabilities$1,891,328$1,876,268▼ $15,060
Net Assets / Fund Balance
Permanently Rstr Net Assets$525,000$405,000▼ $120,000
Temporarily Rstr Net Assets$217,718$233,855▲ $16,137
Unrestricted Net Assets$37,541$91,281▲ $53,740
Total Net Assets Fund Balance$780,259$730,136▼ $50,123
Total Liabilities and Net Assets / Fund Balance$2,671,587$2,606,404▼ $65,183

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,163,635$364,989$1,528,624
Land$308,825-$308,825
Other Assets Org$19,142--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Rachel JonesPresident
Harvey AtkinsonVice Chair
Bob BallardMember
Chris DiyorioMember
Jean FarleyMember
Kimeco AddisonMember
Lewis LafonMember
Shelley WoodsMember
Treva AdamsSecretary
Misty PackTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$921,821
Program Service Revenue
$0
Investment Income
$-92
Other Revenue
$124,245
All Other Contributions
$134,098
Change in Net Assets
$-52,623

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,045,974
Total Revenue per Audited Statements
$1,045,974
Total Revenue per Form 990
$1,045,974
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$451,231
Salaries, Compensation, and Employee Benefits$380,910
Other Expenses$266,456
Total Fundraising Expense$18,914
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$432,503--$432,503
Other Salaries and Wages$240,147$33,702$6,066$279,915
Other Employee Benefits$60,291$7,452$1,020$68,763
Interest$45,675$3,128-$48,803
Depreciation Depletion$39,898$4,301-$44,199
Payroll Taxes$21,879$2,667$399$24,945
Grants to Domestic Orgs$18,728--$18,728
Office Expenses$11,784$3,135$2,099$17,018
Advertising$5,134-$7,683$12,817
Insurance$9,380$2,401$202$11,983
Fees for Services Accounting-$11,630-$11,630
Travel$8,752$1,449$52$10,253
Occupancy$9,733--$9,733
Other Expenses$8,742$2,453$252$8,742
Pension Plan Contributions$5,876$1,026$385$7,287
All Other Expenses$6,287$314$103$6,704
Fees for Services Other$3,149--$3,149
Total Functional Expenses$998,008$81,675$18,914$1,098,597

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,098,597
Total Expenses per Audited Statements$1,098,597
Total Expenses per Form 990$1,098,597
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Virginia Housing AuthorityRichmond, VA-Vista Project$15,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,262
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Big Walker$17,205$17,205-$17,205
Other Small Eve$6,057$6,057-$6,057
Total Events$23,262$23,262-$23,262
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Leave$20,727
Security Escrow$11,190
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
No
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 organization's executive director and board of directors review the form 990 prior to filing.”

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

“Board of director meetings”

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

“The board of directors reviews and approves the executive director's compensation and any increase in the executive director's compensation is documented in the organization's minutes.”

Form 990, Page 6, Part VI, Line 19

“Hope inc makes its finanical statements, tax returns and other documents available on it's website.”

Filing and Contact Details

Filer

Filer Name
HELPING OVERCOME POVERTY'S
EIN
54-1630342
Phone
2762286280
Address
680 WEST MAIN STREET PO BOX 743, WYTHEVILLE, VA 24382

Signing Officer

Name
Rachel Jones
Title
President
Phone
2762286280
Signed
2017-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Jones
Formed
1992
Voting Board Members
11
Independent Board Members
11
Employees
10

Preparer

Firm
Hicok Fern & Company
Address
PO BOX 821, ABINGDON, VA 24212-0821
Preparer
David B Brown CPA
Phone
2766281123
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Hope inc utilizes public support to initiate, assist, coordinate, develop and carry out programs designed to assist with the housing affordability and the food security assistance needs of low income persons living in wythe, bland, carroll, smyth and grayson counties and the city of galax.”

Form 990, Part XI, Line 9

“Tax loss on asset disposal.”

Raw XML AppendixShowing 400 of 484 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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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03135
IRS990/OfficeExpensesGrp/ProgramServicesAmt011784
IRS990/OfficeExpensesGrp/TotalAmt017018
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0257252
IRS990/OtherAssetsTotalGrp/EOYAmt0231822
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01020
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07452
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt060291
IRS990/OtherEmployeeBenefitsGrp/TotalAmt068763
IRS990/OtherExpensesGrp/Desc0MAINTENANCE
IRS990/OtherExpensesGrp/Desc1TELEPHONE AND INTERNET
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3DEVELOPMENT EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt063
IRS990/OtherExpensesGrp/FundraisingAmt1590
IRS990/OtherExpensesGrp/FundraisingAmt2252
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01040
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16977
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22453
IRS990/OtherExpensesGrp/ProgramServicesAmt043769
IRS990/OtherExpensesGrp/ProgramServicesAmt115555
IRS990/OtherExpensesGrp/ProgramServicesAmt210726
IRS990/OtherExpensesGrp/ProgramServicesAmt38742
IRS990/OtherExpensesGrp/TotalAmt044872
IRS990/OtherExpensesGrp/TotalAmt123122
IRS990/OtherExpensesGrp/TotalAmt213431
IRS990/OtherExpensesGrp/TotalAmt38742
IRS990/OtherLiabilitiesGrp/BOYAmt032307
IRS990/OtherLiabilitiesGrp/EOYAmt031917
IRS990/OtherRevenueMiscGrp/Desc0MISC
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010233
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010233
IRS990/OtherRevenueTotalAmt010233
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06066
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt033702
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0240147
IRS990/OtherSalariesAndWagesGrp/TotalAmt0279915
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0399
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02667
IRS990/PayrollTaxesGrp/ProgramServicesAmt021879
IRS990/PayrollTaxesGrp/TotalAmt024945
IRS990/PensionPlanContributionsGrp/FundraisingAmt0385
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01026
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05876
IRS990/PensionPlanContributionsGrp/TotalAmt07287
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0525000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0405000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt068369
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt041322
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010784
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015292
IRS990/PrincipalOfficerNm0RACHEL JONES
IRS990/PriorPeriodAdjustmentsAmt02500
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0HOPE INC UTILIZES PUBLIC SUPPORT TO INITIATE, ASSIST, COORDINATE, DEVELOP AND CARRY OUT PROGRAMS DESIGNED TO ASSIST WITH THE HOUSING AFFORDABILITY AND THE FOOD SECURITY ASSISTANCE NEEDS OF LOW INCOME PERSONS LIVING IN WYTHE, BLAND, CARROLL, SMYTH AND GRAYSON COUNTIES AND THE CITY OF GALAX.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt018728
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt018728
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0977094
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0477465
IRS990/PYInvestmentIncomeAmt038
IRS990/PYOtherExpensesAmt0217603
IRS990/PYOtherRevenueAmt0114557
IRS990/PYRevenuesLessExpensesAmt025359
IRS990/PYSalariesCompEmpBnftPaidAmt0371262
IRS990/PYTotalExpensesAmt01066330
IRS990/PYTotalRevenueAmt01091689
IRS990/ReconcilationRevenueExpnssAmt0-52623
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt090750
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0418,556
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0921821
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0977094
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0694303
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01317357
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0618864
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04529439
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt038
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0132
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0153
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0203
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0526
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt033592
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0114557
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt094986
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt093872
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0115141
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0418556
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91530
IRS990ScheduleA/PublicSupportPY170Pct00.88970
IRS990ScheduleA/PublicSupportTotal170Amt04529439
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0921821
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0977094
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0694303
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01317357
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0618864
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04529439
IRS990ScheduleA/TotalSupportAmt04948521
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt01098597
IRS990ScheduleD/LandGrp/BookValueAmt0308825
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0308825
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0157063
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt155617
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt219142
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MORTGAGES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED NOTES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2LOAN ESCROW DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01163635
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0364989
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01528624
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020727
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED LEAVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY ESCROW
IRS990ScheduleD/RevenueSubtotalAmt01045974
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01472460
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0231822
IRS990ScheduleD/TotalExpensesPerForm990Amt01098597
IRS990ScheduleD/TotalLiabilityAmt031917
IRS990ScheduleD/TotalRevenuePerForm990Amt01045974
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01045974
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01098597
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BIG WALKER
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0OTHER SMALL EVE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt017205
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt06057
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt023262
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt017205
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06057
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt023262
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt023262
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0432503
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0HOUSING
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0VISTA PROJECT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VIRGINIA HOUSING AUTHORITY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 14649
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RICHMOND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023221
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOPE INC UTILIZES PUBLIC SUPPORT TO INITIATE, ASSIST, COORDINATE, DEVELOP AND CARRY OUT PROGRAMS DESIGNED TO ASSIST WITH THE HOUSING AFFORDABILITY AND THE FOOD SECURITY ASSISTANCE NEEDS OF LOW INCOME PERSONS LIVING IN WYTHE, BLAND, CARROLL, SMYTH AND GRAYSON COUNTIES AND THE CITY OF GALAX.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS REVIEW THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTOR MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION AND ANY INCREASE IN THE EXECUTIVE DIRECTOR'S COMPENSATION IS DOCUMENTED IN THE ORGANIZATION'S MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HOPE INC MAKES ITS FINANICAL STATEMENTS, TAX RETURNS AND OTHER DOCUMENTS AVAILABLE ON IT'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TAX LOSS ON ASSET DISPOSAL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,606,404
Liabilities
$1,876,268
Net assets
$730,136
Revenue
$1,045,974
Expenses
$1,098,597
Net income
-$52,623
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.85$4.02$1.83$1.82$1.91$0.09
2023Detailed filing. Detailed filing data is available for this year.$5.81$3.77$2.04$1.77$1.72$0.05
2022Detailed filing. Detailed filing data is available for this year.$5.25$3.26$1.99$1.59$1.94$0.35
2020Detailed filing. Detailed filing data is available for this year.$4.17$2.65$1.52$1.82$1.56$0.26
2019Detailed filing. Detailed filing data is available for this year.$4.02$2.78$1.24$1.57$1.42$0.15
2018Detailed filing. Detailed filing data is available for this year.$3.74$2.64$1.09$1.50$1.14$0.36
2017Detailed filing. Detailed filing data is available for this year.$2.61$1.88$0.73$1.05$1.10$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.67$1.89$0.78$1.09$1.07$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.52$1.74$0.77$0.79$0.89$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.70$1.82$0.88$1.32$0.86$0.46
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$2.01$0.15$0.73$0.90$0.17
2012Summary only. Only limited summary data is available for this year.$1.36$1.04$0.32$1.21$0.94$0.27
2011Summary only. Only limited summary data is available for this year.$1.67$1.63$0.04$0.84$0.81$0.03