Form 990, Page 6, Part VI, Line 11B
“The organization's executive director and board of directors review the form 990 prior to filing.”
990 • Fiscal year 2018 • EIN 54-1630342
Scores are not available for this record yet.
Assets
Flat$3,735,079
Flat from 2018
Net Assets
Flat$1,090,978
Flat from 2018
Liabilities
Flat$2,644,101
Flat from 2018
Revenue
Flat$1,503,902
Flat from 2018
Expenses
Flat$1,143,060
Flat from 2018
Net Income
Flat$360,842
Flat from 2018
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,472,460 | $2,536,654 | ▲ $1,064,194 |
| Inventories for Sale or Use | $793,773 | $778,528 | ▼ $15,245 |
| Investments in Publicly Traded Securities | $6,423 | $162,413 | ▲ $155,990 |
| Pledges and Grants Receivable | $41,322 | $18,256 | ▼ $23,066 |
| Prepaid Expenses and Deferred Charges | $15,292 | $17,607 | ▲ $2,315 |
| Cash and Non-Interest-Bearing Accounts | $45,312 | $14,973 | ▼ $30,339 |
| Total Assets | $2,606,404 | $3,735,079 | ▲ $1,128,675 |
| Other Assets Total | $231,822 | $206,648 | ▼ $25,174 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $1,805,709 | $2,556,788 | ▲ $751,079 |
| Accounts Payable and Accrued Expenses | $38,642 | $62,619 | ▲ $23,977 |
| Other Liabilities | $31,917 | $24,694 | ▼ $7,223 |
| Total Liabilities | $1,876,268 | $2,644,101 | ▲ $767,833 |
| Net Assets / Fund Balance | |||
| Permanently Rstr Net Assets | $405,000 | $623,500 | ▲ $218,500 |
| Temporarily Rstr Net Assets | $233,855 | $296,874 | ▲ $63,019 |
| Unrestricted Net Assets | $91,281 | $170,604 | ▲ $79,323 |
| Total Net Assets Fund Balance | $730,136 | $1,090,978 | ▲ $360,842 |
| Total Liabilities and Net Assets / Fund Balance | $2,606,404 | $3,735,079 | ▲ $1,128,675 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $2,041,641 | $412,055 | $2,453,696 |
| Land | $495,013 | - | $495,013 |
| Other Assets Org | $19,489 | - | - |
| Name | Title |
|---|---|
| Rachel Jones | Chair |
| Harvey Atkinson | Vice Chair |
| Bob Ballard | Member |
| Carmen Gravely | Member |
| Chris Diyorio | Member |
| Cindy Jarmul | Member |
| Dave Carroll | Member |
| Jean Farley | Member |
| Jeffrey Kyle | Member |
| Jody Fiorini | Member |
| Kristin Shumate | Member |
| Shelley Woods | Member |
| Treva Adams | Secretary |
| Misty Pack | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $508,283 |
| Salaries, Compensation, and Employee Benefits | $359,294 |
| Other Expenses | $275,483 |
| Total Fundraising Expense | $13,900 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $498,015 | - | - | $498,015 |
| Other Salaries and Wages | $241,007 | $23,457 | $4,922 | $269,386 |
| Other Employee Benefits | $51,745 | $5,571 | $1,162 | $58,478 |
| Interest | $48,244 | $5,582 | - | $53,826 |
| Fees for Services Accounting | $34,211 | $15,509 | $100 | $49,820 |
| Depreciation Depletion | $46,784 | $266 | $16 | $47,066 |
| Payroll Taxes | $22,218 | $2,100 | $324 | $24,642 |
| Insurance | $15,829 | $2,308 | $197 | $18,334 |
| Office Expenses | $6,599 | $3,465 | $1,967 | $12,031 |
| Travel | $11,523 | $239 | $1 | $11,763 |
| Occupancy | $10,767 | - | - | $10,767 |
| Grants to Domestic Orgs | $10,268 | - | - | $10,268 |
| All Other Expenses | $8,087 | $418 | $5 | $8,510 |
| Other Expenses | $2,974 | $113 | $4,266 | $7,353 |
| Pension Plan Contributions | $5,909 | $730 | $149 | $6,788 |
| Total Functional Expenses | $1,058,188 | $70,972 | $13,900 | $1,143,060 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,143,060 |
| Total Expenses per Audited Statements | $1,143,060 |
| Total Expenses per Form 990 | $1,143,060 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Brook Hughes Free Clinic | Wytheville, VA | 501c3 | Capacity Building | $5,500 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $19,971 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Big Walker | $14,970 | $14,970 | - | $14,970 |
| Other Small Eve | $5,001 | $5,001 | - | $5,001 |
| Total Events | $19,971 | $19,971 | - | $19,971 |
| Liability | Amount |
|---|---|
| Security Escrow | $15,480 |
| Accrued Leave | $9,214 |
“The organization's executive director and board of directors review the form 990 prior to filing.”
“Board of director meetings”
“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.”
“Hope inc makes its finanical statements, tax returns and other documents available on it's website.”
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/Desc | 0 | HOPE INC UTILIZES PUBLIC SUPPORT TO ASSIST, COORDINATE AND DEVELOP PROGRAMS TO PROVIDE SAFE, WARM AND DRY AFFORDABLE HOUSING FOR LOWER INCOME RESIDENTS OF OUR SERVICE AREA, INCLUDING THE SOUTHWESTERN COUNTIES OF BLAND, GRAYSON, SMYTH AND WYTHE AND THE CITY OF GALAX. HOPE ADMINISTERS STATE AND FEDERAL ASSISTANCE AND INTERVENTION PROGRAMS TO PREVENT HOMELESSNESS, PROVIDE RAPID RE-HOUSING AND PERMANEMT SUPPORTIVE HOUSING. HOPE ALSO DEVELOPS AFFORDABE MULTI-FAMILY HOUSING FOR LOWER INCOME AND DISABLED INDIVIDUALS AND PROVIDES HOMEOWNERSHIP OPPORTUNITIES FOR LOW INCOME FAMILIES. |
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| IRS990/OtherExpensesGrp/Desc | 2 | UTILITIES |
| IRS990/OtherExpensesGrp/Desc | 3 | DEVELOPMENT EXPENSES |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 492 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 77 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 2 | 222 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 3 | 4266 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 6219 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 1334 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 3661 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 113 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 13313 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 18606 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 12089 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 2974 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 20024 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 20017 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 15972 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 7353 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 31917 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 24694 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISC |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 13849 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 13849 |
| IRS990/OtherRevenueTotalAmt | 0 | 13849 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 4922 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 23457 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 241007 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 269386 |
| IRS990/OwnWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 324 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 2100 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 22218 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 24642 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 149 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 730 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 5909 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 6788 |
| IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt | 0 | 405000 |
| IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt | 0 | 623500 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 41322 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 18256 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 15292 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 17607 |
| IRS990/PrincipalOfficerNm | 0 | RACHEL JONES |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | HOPE INC HAS MANAGED TWO FOOD SECURITY PROGRAMS FOR SEVERAL YEARS, INCLUDING A WEEKLY SCHOOL BACKPACK PROJECT WHICH PROVIDES SUPPLEMENTAL FOOD FOR OVER 800 STUDENTS IN WYTHE AND BLAND COUNTY SCHOOLS. SINCE 2012, HOPE HAS ADMINSITERED A TWICE-A-WEEK WARM LUNCH (SOUP KITCHEN) PROGRAM THROUGH THE COMMUNITY FOOD KITCHEN, WHICH LATER IN 2018 IS EXPANDING INTO A FULL TIME, DONATE-WHAT-YOU-CAN RESTAURANT TO BE OPERATED AS A SUBSIDIARY LLC OF HOPE. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 213371 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 105846 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 500 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | HOPE OPERATES OTHER CAPACITY BUILDING PROGRAMS OUT OF ITS HOPE MINISTRY CENTER OFFICE FACILITY, PROVIDING OFFICE SPACE TO FOUR OTHER HUMAN SERVICE AGENCIES AND A BOOKKEEPING SERVICE FOR NINE OTHER NON PROFITS. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 83867 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 10268 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 17371 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 921821 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 451231 |
| IRS990/PYInvestmentIncomeAmt | 0 | -92 |
| IRS990/PYOtherExpensesAmt | 0 | 266456 |
| IRS990/PYOtherRevenueAmt | 0 | 124245 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -52623 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 380910 |
| IRS990/PYTotalExpensesAmt | 0 | 1098597 |
| IRS990/PYTotalRevenueAmt | 0 | 1045974 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 360842 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 113889 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 109875 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | 427,660 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART II, LINE 10 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 1355861 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 921821 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 977094 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 694303 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1317357 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 5266436 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | -92 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 38 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 132 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 153 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 231 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 148041 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 124245 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 114557 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 94986 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 93872 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 427660 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.92490 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.89290 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 5266436 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 1355861 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 921821 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 977094 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 694303 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1317357 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 5266436 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 5694327 |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1143060 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 495013 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 495013 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 140803 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 46356 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 19489 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | MORTGAGES RECEIVABLE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | DEFERRED NOTES RECEIVABLE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | LOAN ESCROW DEPOSITS |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 2041641 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 412055 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 2453696 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 15480 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 9214 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | SECURITY ESCROW |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | ACCRUED LEAVE |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1503902 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 2536654 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 206648 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1143060 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 24694 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1503902 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1503902 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1143060 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | BIG WALKER |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm | 0 | OTHER SMALL EVE |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 14970 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt | 0 | 5001 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 19971 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 14970 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt | 0 | 5001 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 19971 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 19971 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | true |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 0 | 481718 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | HOUSING/FOOD SECURITY |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt | 0 | 16297 |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.