Civic Intelligence

Urban Hope Inc.

990 • Fiscal year 2018 • EIN 54-1997025

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 31, 2019

P O Box 23171Richmond, VA 23223

(804) 396-2198

Siviq Scores

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

Liabilities / Assets

89th percentile

0.68x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

1.45x

Higher debt load relative to revenue than 92% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

70th percentile

$57,600

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 17.4% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

99th percentile

752%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

95th percentile

159%

Faster revenue growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$707,861

Up $624,764 (+752%) from 2017

Net Assets

Up

$225,861

Up $142,764 (+172%) from 2017

Liabilities

Up

$482,000

Up $482,000 from 2017

Revenue

Up

$331,935

Up $203,898 (+159%) from 2017

Expenses

Up

$210,567

Up $98,409 (+88%) from 2017

Net Income

Up

$121,368

Up $105,489 (+664%) from 2017

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2014: $62,339Liabilities 2014: $0Net Assets 2014: $62,3392014Assets 2015: $57,722Liabilities 2015: $0Net Assets 2015: $57,7222015Assets 2016: $67,218Liabilities 2016: $0Net Assets 2016: $67,2182016Assets 2017: $83,097Liabilities 2017: $0Net Assets 2017: $83,0972017Assets 2018: $707,861Liabilities 2018: $482,000Net Assets 2018: $225,8612018Assets 2019: $1,593,782Liabilities 2019: $1,226,722Net Assets 2019: $367,0602019Assets 2020: $2,119,532Liabilities 2020: $1,449,342Net Assets 2020: $670,1902020Assets 2021: $3,532,054Liabilities 2021: $2,411,918Net Assets 2021: $1,120,1362021Assets 2022: $4,846,547Liabilities 2022: $3,091,856Net Assets 2022: $1,754,6912022Assets 2023: $5,375,606Liabilities 2023: $2,702,954Net Assets 2023: $2,672,6522023Assets 2024: $6,391,036Liabilities 2024: $3,187,282Net Assets 2024: $3,203,7542024

Highlighted filing

2018

Assets$707,861
Liabilities$482,000
Net Assets$225,861

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $71,785Expenses 2014: $35,821Net Income 2014: $35,9642014Revenue 2015: $65,312Expenses 2015: $70,070Net Income 2015: -$4,7582015Revenue 2016: $101,267Expenses 2016: $91,772Net Income 2016: $9,4952016Revenue 2017: $128,037Expenses 2017: $112,158Net Income 2017: $15,8792017Revenue 2018: $331,935Expenses 2018: $210,567Net Income 2018: $121,3682018Revenue 2019: $429,658Expenses 2019: $245,163Net Income 2019: $184,4952019Revenue 2020: $677,007Expenses 2020: $373,876Net Income 2020: $303,1312020Revenue 2021: $1,058,159Expenses 2021: $611,428Net Income 2021: $446,7312021Revenue 2022: $1,561,697Expenses 2022: $927,141Net Income 2022: $634,5562022Revenue 2023: $1,989,201Expenses 2023: $1,071,241Net Income 2023: $917,9602023Revenue 2024: $1,940,201Expenses 2024: $1,409,099Net Income 2024: $531,1022024

Highlighted filing

2018

Revenue$331,935
Expenses$210,567
Net Income$121,368
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 31, 2019
Return Version
2018v3.0
Gross Receipts
$331,935
Mission and Program Overview

Mission

The primary focus of Urban Hope is to partner with families who seek affordable rental housing and/or home ownership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$592,000▲ $592,000
Rtn Earn Endowment Incm Other Fnds$83,097$225,861▲ $142,764
Cash and Non-Interest-Bearing Accounts$77,886$68,565▼ $9,321
Accounts Receivable$0$47,296▲ $47,296
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$83,097$707,861▲ $624,764
Other Assets Total$5,211$0▼ $5,211
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$482,000▲ $482,000
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$482,000▲ $482,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$83,097$225,861▲ $142,764
Total Liabilities and Net Assets / Fund Balance$83,097$707,861▲ $624,764

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$592,000$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Sarah HalePresidentFT$57,600$57,600

Board Members and Trustees

NameTitle
David ClarkeVice Chairman
Samuel TuttleChairman-Vice President
Ebony WaldenDirector
Lawson WijesooriyaDirector
Lea Whitehurst GibsonDirector
Paul JeffreyDirector
Ross LittleDirector
Shawn MaidaDirector
Shekinah MitchellDirector
Caitie Rountree-ChanSecretary
Grant HayesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$319,909
Program Service Revenue
$12,026
Investment Income
$0
Other Revenue
$0
All Other Contributions
$319,909
Change in Net Assets
$121,368

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$110,000Appraisal
Total Noncash Contributions1$110,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$106,788
Other Expenses$103,779
Total Fundraising Expense$300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$84,221$0$0$84,221
Payroll Taxes$22,567$0$0$22,567
Office Expenses$3,585$12,428$0$16,013
Occupancy$0$6,000$0$6,000
Conferences and Meetings$3,332$361$300$3,993
Travel$1,751$0$0$1,751
All Other Expenses$271$0$0$271
Fees for Services Other$161$0$0$161
Other Expenses$60$0$0$60
Total Functional Expenses$191,478$18,789$300$210,567
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Sam TuttleFormer Current Board ChairmanContribution of residential propertyNo$110,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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, Part VI, Section B, Line 11B

The Organization distributes it's Form 990 electronically for Board review prior to filing to the IRS.

Form 990, Part VI, Section B, Line 12C

The Board of Directors review annually.

Form 990, Part VI, Section C, Line 19

The documents are made upon request.

Filing and Contact Details

Filer

Filer Name
Urban Hope Inc
EIN
54-1997025
Phone
8043962198
Address
P O Box 23171, Richmond, VA 23223

Signing Officer

Name
Sarah Hale
Title
Executive Director
Phone
8043962198
Signed
2019-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Hale
Formed
2000
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
75

Preparer

Firm
Accounting Strategies to Solutions LLC
Address
11 S12th Street, 307, Richmond, VA 23219
Preparer
Celia Powell CPA
Phone
8043504783
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

The Organization reorganized its accounting records and recorded assets and liabilities which resulted in an increase to its net assets.

Form 990, Part XII, Line 1

The organization changed it basis of accounting to accrual to conform with generally accepted accounting principles.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Samuel Tuttle
IRS990/Form990PartVIISectionAGrp/PersonNm1Grant Hayes
IRS990/Form990PartVIISectionAGrp/PersonNm2Caitie Rountree-Chan
IRS990/Form990PartVIISectionAGrp/PersonNm3David Clarke
IRS990/Form990PartVIISectionAGrp/PersonNm4Paul Jeffrey
IRS990/Form990PartVIISectionAGrp/PersonNm5Ross Little
IRS990/Form990PartVIISectionAGrp/PersonNm6Shawn Maida
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IRS990/Form990PartVIISectionAGrp/PersonNm9Lea Whitehurst Gibson
IRS990/Form990PartVIISectionAGrp/PersonNm10Lawson Wijesooriya
IRS990/Form990PartVIISectionAGrp/PersonNm11Sarah Hale
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman-Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11President
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0331935
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt00
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0592000
IRS990/LandBldgEquipCostOrOtherBssAmt0592000
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The primary focus of Urban Hope is to partner with families who seek affordable rental housing and/or home ownership.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0482000
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IRS990/NetAssetsOrFundBalancesEOYAmt0225861
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IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt0110000
IRS990/NondeductibleContributionsInd00
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IRS990/OfficeExpensesGrp/ProgramServicesAmt03585
IRS990/OfficeExpensesGrp/TotalAmt016013
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05211
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt021396
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Financial Management Program
IRS990/OtherExpensesGrp/Desc1Property Maintenance
IRS990/OtherExpensesGrp/Desc2Urban Hope Propertied Program
IRS990/OtherExpensesGrp/Desc3Volunteer Program
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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt02016
IRS990/OtherExpensesGrp/ProgramServicesAmt167915
IRS990/OtherExpensesGrp/ProgramServicesAmt25599
IRS990/OtherExpensesGrp/ProgramServicesAmt360
IRS990/OtherExpensesGrp/TotalAmt02016
IRS990/OtherExpensesGrp/TotalAmt167915
IRS990/OtherExpensesGrp/TotalAmt25599
IRS990/OtherExpensesGrp/TotalAmt360
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt084221
IRS990/OtherSalariesAndWagesGrp/TotalAmt084221
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
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IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt022567
IRS990/PayrollTaxesGrp/TotalAmt022567
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Sarah Hale
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0925110
IRS990/ProgramServiceRevenueGrp/Desc0Payments for Occupancy
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012026
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012026
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0114957
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt037621
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt013080
IRS990/PYRevenuesLessExpensesAmt015879

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $500k-$1M nonprofits