Civic Intelligence

Community Hope Foundation Inc.

990 • Fiscal year 2023 • EIN 81-1922679

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

959 Route 46 East Suite 402Parsippany, NJ 07054

(973) 463-0792

Siviq Scores

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

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

2023 filings • NTEE P • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

12th percentile

0.02x

Higher debt load relative to revenue than 12% of similar nonprofits.

2023 filings • NTEE P • $5M-$10M nonprofits • Source year 2023

Net Margin

97th percentile

95%

Higher net margin than 97% of similar nonprofits.

2023 filings • NTEE P • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

53rd percentile

$147,320

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2023 filings • NTEE P • $5M-$10M nonprofits • Source year 2023

Asset Growth

99th percentile

999%

Faster asset growth than 99% of similar nonprofits.

2023 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

100th percentile

233758%

Faster revenue growth than 100% of similar nonprofits.

2023 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$5,860,185

Up $5,326,793 (+999%) from 2022

Net Assets

Up

$5,734,197

Up $5,319,343 (+1282%) from 2022

Liabilities

Up

$125,988

Up $7,450 (+6.3%) from 2022

Revenue

Up

$5,596,232

Up $5,593,839 (+233758%) from 2022

Expenses

Up

$281,450

Up $281,450 from 2022

Net Income

Up

$5,314,782

Up $5,312,389 (+221997%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2017: $183,136Liabilities 2017: $0Net Assets 2017: $183,1362017Assets 2018: $228,726Liabilities 2018: $0Net Assets 2018: $228,7262018Assets 2019: $463,203Liabilities 2019: $63,892Net Assets 2019: $399,3112019Assets 2020: $524,122Liabilities 2020: $117,004Net Assets 2020: $407,1182020Assets 2021: $530,999Liabilities 2021: $118,538Net Assets 2021: $412,4612021Assets 2022: $533,392Liabilities 2022: $118,538Net Assets 2022: $414,8542022Assets 2023: $5,860,185Liabilities 2023: $125,988Net Assets 2023: $5,734,1972023Assets 2024: $5,238,117Liabilities 2024: $174,341Net Assets 2024: $5,063,7762024

Highlighted filing

2023

Assets$5,860,185
Liabilities$125,988
Net Assets$5,734,197

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $183,151Expenses 2017: $15Net Income 2017: $183,1362017Revenue 2018: $45,590Expenses 2018: $0Net Income 2018: $45,5902018Revenue 2019: $170,585Expenses 2019: $0Net Income 2019: $170,5852019Revenue 2020: $7,807Expenses 2020: $0Net Income 2020: $7,8072020Revenue 2021: $5,343Expenses 2021: $0Net Income 2021: $5,3432021Revenue 2022: $2,393Expenses 2022: $0Net Income 2022: $2,3932022Revenue 2023: $5,596,232Expenses 2023: $281,450Net Income 2023: $5,314,7822023Revenue 2024: $160,894Expenses 2024: $1,067,521Net Income 2024: -$906,6272024

Highlighted filing

2023

Revenue$5,596,232
Expenses$281,450
Net Income$5,314,782
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$5,607,996
Mission and Program Overview

Mission

The mission of the community hope foundation is to ensure the ongoing community impact of community hope, inc. By promoting permanence, strategic growth, and expanded reach. The foundation is committed to empowering community hope's support of military members, veterans, their families, and individuals with mental illness, allowing them to rebuild and to thrive.

Helping individuals, including veterans and their families, overcome mental illness, addiction, homelessness and poverty by providing housing and support services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$0$5,271,531▲ $5,271,531
Savings and Temporary Cash Investments$191,484$486,777▲ $295,293
Cash and Non-Interest-Bearing Accounts$341,908$101,877▼ $240,031
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $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
Land, Buildings, and Equipment, Net$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$533,392$5,860,185▲ $5,326,793
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$118,538$118,538→ $0
Accounts Payable and Accrued Expenses$0$7,450▲ $7,450
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$118,538$125,988▲ $7,450
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$414,854$5,734,197▲ $5,319,343
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$414,854$5,734,197▲ $5,319,343
Total Liabilities and Net Assets / Fund Balance$533,392$5,860,185▲ $5,326,793
Compensation and Service Providers

Employees

NameTitleOtherTotal
Carmine DeoExecutive Director$147,320$147,320

Board Members and Trustees

NameTitle
Diana LuntPresident
Elias TsepouridisVice President
John IannettaTrustee
Kathleen DaySecretary
Bruce SilverTreasurer
Nicholas LorussoTREASURER (Thru June 2023)
Revenue and Support

Revenue Composition

Contributions and Grants
$5,567,702
Program Service Revenue
$0
Investment Income
$28,530
Other Revenue
$0
All Other Contributions
$5,567,702
Change in Net Assets
$5,314,782

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
Securities Publicly Traded1$5,278,734Fair Market Value (FMV)
Total Noncash Contributions1$5,278,734-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,596,232
Revenue Not Reported on Form 990
$4,561
Total Revenue per Audited Statements
$5,600,793
Total Revenue per Form 990
$5,596,232
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$274,000
Other Expenses$7,450
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$274,000--$274,000
Fees for Services Accounting-$7,450-$7,450
Total Functional Expenses$274,000$7,450$0$281,450

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$281,450
Total Expenses per Audited Statements$281,450
Total Expenses per Form 990$281,450
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Community Hope IncParsippany, NJ501(c)(3)General Operating$274,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$118,538
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

DRAFT RETURN IS REVIEWED BY THE FINANCE AND EXECUTIVE DIRECTORS. THE RETURN IS THEN FINALIZED AND PRESENTED BY THE ACCOUNTING TEAM TO THE BOARD FINANCE COMMITTEE AND THEN TO THE FULL BOARD OF DIRECTORS prior to filing.

FORM 990, PART VI, SECTION B, LINE 12C:

Community hope foundation's by-laws and corporate compliance program contains policies related to conflict of interest in regards to business agreements and transactions. No member of the community hope foundation's board of directors, or any of its board appointed committees, shall attempt to and/or derive any personal profit or gain, directly or indirectly, by reason of his or her participation with community hope foundation or its affiliates. Board members and personnel in decision making roles are to make known their connections with third parties engaging in business with community hope foundation and/or its affiliates.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents available to the public upon request and through guidestar.

Filing and Contact Details

Filer

Filer Name
Community Hope Foundation Inc
EIN
81-1922679
In Care Of
% CARMINE DEO
Phone
9734630792
Address
959 Route 46 East Suite 402, Parsippany, NJ 07054

Signing Officer

Name
Carmine Deo
Title
Executive Director
Phone
9734630792
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carmine Deo
Formed
2013
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Brad Caruso
Phone
7328281614
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Helping individuals, including veterans and their families, over come mental illness, addiction, homelessnes, and poverty by providing housing and support services.

Financial Statement Notes

PART X, LINE 2:

The Foundation is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. Specifically, the Foundation is a type I supporting organization under IRC 509(a)(3). U.S. GAAP requires management to evaluate tax positions taken by the Foundation and recognize a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by applicable taxing authorities. Management has analyzed the tax positions taken by the Foundation and has concluded that as of June 30, 2023 and 2022, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. There has been no tax related interest or penalties for the year presented in these financial statements.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0274000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0COMMUNITY HOPE INC
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IRS990ScheduleA/SupportSumAmt0274000
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
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IRS990ScheduleD/RevenueSubtotalAmt05596232
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. Specifically, the Foundation is a type I supporting organization under IRC 509(a)(3). U.S. GAAP requires management to evaluate tax positions taken by the Foundation and recognize a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by applicable taxing authorities. Management has analyzed the tax positions taken by the Foundation and has concluded that as of June 30, 2023 and 2022, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. There has been no tax related interest or penalties for the year presented in these financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General Operating
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Community Hope Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0222647038
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0959 ROUTE 46 EAST SUITE 402
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PARSIPPANY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd007054
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grants made to Community Hope, Inc. are reviewed and approved by the board of trustees based on a review of the budget and reason for the requested funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTors.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE M, PART I, COLUMN (B)
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HELPING INDIVIDUALS, INCLUDING VETERANS AND THEIR FAMILIES, OVER COME MENTAL ILLNESS, ADDICTION, HOMELESSNES, AND POVERTY BY PROVIDING HOUSING AND SUPPORT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DRAFT RETURN IS REVIEWED BY THE FINANCE AND EXECUTIVE DIRECTORS. THE RETURN IS THEN FINALIZED AND PRESENTED BY THE ACCOUNTING TEAM TO THE BOARD FINANCE COMMITTEE AND THEN TO THE FULL BOARD OF DIRECTORS prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMMUNITY HOPE FOUNDATION'S BY-LAWS AND CORPORATE COMPLIANCE PROGRAM CONTAINS POLICIES RELATED TO CONFLICT OF INTEREST IN REGARDS TO BUSINESS AGREEMENTS AND TRANSACTIONS. NO MEMBER OF THE COMMUNITY HOPE FOUNDATION'S BOARD OF DIRECTORS, OR ANY OF ITS BOARD APPOINTED COMMITTEES, SHALL ATTEMPT TO AND/OR DERIVE ANY PERSONAL PROFIT OR GAIN, DIRECTLY OR INDIRECTLY, BY REASON OF HIS OR HER PARTICIPATION WITH COMMUNITY HOPE FOUNDATION OR ITS AFFILIATES. BOARD MEMBERS AND PERSONNEL IN DECISION MAKING ROLES ARE TO MAKE KNOWN THEIR CONNECTIONS WITH THIRD PARTIES ENGAGING IN BUSINESS WITH COMMUNITY HOPE FOUNDATION AND/OR ITS AFFILIATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19:
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt5NA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt7NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COMMUNITY HOPE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1THE CARMELA LUNT CORPORATION

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