Form 990-EZ, Part I, Line 4 - Other Investment Income
“Description: Interest income. Amount: 259.”
Hope Now Foundation
EIN 83-0621849 • 501(c)3 • Washington, DC
990-N Coverage
Profile
HOPE NOW is a non-profit dedicated to home preservation.The Corporation is organized, and shall be operated, exclusively for any or all charitable, scientific, literary, or educational purposes that may qualify it as an organization described in section 501(c)(3) of the Internal Revenue Code of 1986, as amended from time to time (the "Code"), and exempt it from federal income tax under section 501(a) of the Code. The Corporation shall accomplish such purposes by activities including. but not limited to (a) assisting senior and other distressed homeowners with a demonstrated financial need to avoid foreclosure, and (b) sponsoring conferences and other events and activities in support of homeownership initiatives.
Siviq Scores
Scores are not available for this record yet.
Balance Sheet
Assets
$96,135
No earlier filing loaded for comparison.
Liabilities
$47,475
No earlier filing loaded for comparison.
Net Assets
$48,660
No earlier filing loaded for comparison.
Operations
Revenue
$124,104
No earlier filing loaded for comparison.
Expenses
$75,444
No earlier filing loaded for comparison.
Net Income
$48,660
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $96,135
- Liabilities
- $47,475
- Net assets
- $48,660
- Revenue
- $124,104
- Expenses
- $75,444
- Net income
- $48,660
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- Oct 12, 2020
- Return Version
- 2019v5.1
- Gross Receipts
- $124,104
Mission and Program Overview
Mission
HOPE NOW is a non-profit dedicated to home preservation.The Corporation is organized, and shall be operated, exclusively for any or all charitable, scientific, literary, or educational purposes that may qualify it as an organization described in section 501(c)(3) of the Internal Revenue Code of 1986, as amended from time to time (the "Code"), and exempt it from federal income tax under section 501(a) of the Code. The Corporation shall accomplish such purposes by activities including. but not limited to (a) assisting senior and other distressed homeowners with a demonstrated financial need to avoid foreclosure, and (b) sponsoring conferences and other events and activities in support of homeownership initiatives.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| HOPE NOW 2019 Housing Conferences- Impacts from Natural DisastersDisaster recovery is a long-term commitment to struggling families and communities. Some impacted regions will take years to recover after a hurricane or wildfire. Families will look to financial institutions for continued support and guidance. It has been widely reported that most Americans only have $400 in savings. It's reasonable to assume that extra support will be needed to maintain home preservation. This is a key role for mortgage servicing and their counterparts. Community stability and home preservation is the aligned goal for all stakeholders. Mortgage servicing can be an underappreciated model that is uniquely positioned to be responsive and helpful. Hope Now's mission is focused on home preservation when local conditions are out of the borrower's control, including natural disasters. | $0 | $66,715 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Edward J DeMarco | Director | - | $0 | - | - |
| Sylvia Alvarez | Director | - | $0 | - | - |
| Scott Norman | Director | - | $0 | - | - |
| George Forsberg | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Hope Now Foundation
- EIN
- 83-0621849
- Phone
- 2025891922
- Address
- 1750 K Street NW No 300, Washington, DC 20006-2310
Signing Officer
- Name
- Edward J DeMarco
- Title
- President
- Phone
- 2025891922
- Signed
- 2020-10-12
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Rogers & Company PLLC
- Address
- 8300 Boone Boulevard Suite 600, Vienna, VA 22182
- Preparer
- Lori A Collingsworth
- Phone
- 7038930300
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 16 - Other Expenses
“Description: Conferences, conventions, and meetings. Amount: 16,070. Description: Travel. Amount: 7,377. Description: Office expenses. Amount: 5,941. Description: Bank charges. Amount: 107. Total to Form 990-EZ, line 16: 29,495.”
Form 990-EZ, Part II, Line 26 - Other Liabilities
“Description: Accounts payable and accrued expenses. Beg. of Year Amount: 0. End of Year Amount: 47,475.”
Raw XML Appendix168 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/PrimaryExemptPurposeTxt | 0 | HOPE NOW is a non-profit dedicated to home preservation.The Corporation is organized, and shall be operated, exclusively for any or all charitable, scientific, literary, or educational purposes that may qualify it as an organization described in section 501(c)(3) of the Internal Revenue Code of 1986, as amended from time to time (the "Code"), and exempt it from federal income tax under section 501(a) of the Code. The Corporation shall accomplish such purposes by activities including. but not limited to (a) assisting senior and other distressed homeowners with a demonstrated financial need to avoid foreclosure, and (b) sponsoring conferences and other events and activities in support of homeownership initiatives. |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | HOPE NOW 2019 Housing Conferences- Impacts from Natural DisastersDisaster recovery is a long-term commitment to struggling families and communities. Some impacted regions will take years to recover after a hurricane or wildfire. Families will look to financial institutions for continued support and guidance. It has been widely reported that most Americans only have $400 in savings. It's reasonable to assume that extra support will be needed to maintain home preservation. This is a key role for mortgage servicing and their counterparts. Community stability and home preservation is the aligned goal for all stakeholders. Mortgage servicing can be an underappreciated model that is uniquely positioned to be responsive and helpful. Hope Now's mission is focused on home preservation when local conditions are out of the borrower's control, including natural disasters. |
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| IRS990EZ/SchoolOperatingInd | 0 | 0 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description: Interest income. Amount: 259. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description: Conferences, conventions, and meetings. Amount: 16,070. Description: Travel. Amount: 7,377. Description: Office expenses. Amount: 5,941. Description: Bank charges. Amount: 107. Total to Form 990-EZ, line 16: 29,495. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 16 - Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 26 - Other Liabilities |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract. |
| ReturnHeader/BuildTS | 0 | 2021-01-29 14:40:06Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Edward J DeMarco |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-10-12 |
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| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-10-12 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ED |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 14:03:59 |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Rogers & Company PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 8300 Boone Boulevard Suite 600 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Vienna |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VA |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2020-10-12 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Lori A Collingsworth |
| ReturnHeader/ReturnTs | 0 | 2020-10-12T13:08:43-05:00 |
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| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
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