Civic Intelligence

Hope Communities Inc.

990 • Fiscal year 2012 • EIN 84-0829068

Jan 01, 2012 to Dec 31, 2012 • Filed on May 14, 2013

2543 California Street80205
Siviq Scores

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

Liabilities / Assets

69th percentile

0.45x

Higher debt load relative to assets than 69% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

18th percentile

-5.8%

Faster asset growth than 18% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$9,617,087

Down $587,840 (-5.8%) from 2011

Net Assets

Down

$5,286,745

Down $380,584 (-6.7%) from 2011

Liabilities

Down

$4,330,342

Down $207,256 (-4.6%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,023,665

Up $536,988 (+110%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $9,355,906Liabilities 2010: $5,229,351Net Assets 2010: $4,126,5552010Assets 2011: $10,204,927Liabilities 2011: $4,537,598Net Assets 2011: $5,667,3292011Assets 2012: $9,617,087Liabilities 2012: $4,330,342Net Assets 2012: $5,286,7452012Assets 2013: $5,706,778Liabilities 2013: $449,769Net Assets 2013: $5,257,0092013Assets 2014: $6,919,218Liabilities 2014: $2,410,032Net Assets 2014: $4,509,1862014Assets 2015: $6,882,412Liabilities 2015: $2,642,421Net Assets 2015: $4,239,9912015Assets 2016: $6,745,253Liabilities 2016: $2,195,683Net Assets 2016: $4,549,5702016Assets 2017: $6,599,682Liabilities 2017: $1,856,645Net Assets 2017: $4,743,0372017Assets 2018: $6,881,111Liabilities 2018: $1,224,095Net Assets 2018: $5,657,0162018Assets 2019: $6,904,056Liabilities 2019: $1,108,509Net Assets 2019: $5,795,5472019Assets 2020: $11,416,629Liabilities 2020: $4,857,883Net Assets 2020: $6,558,7462020Assets 2021: $12,245,923Liabilities 2021: $4,092,634Net Assets 2021: $8,153,2892021Assets 2022: $17,412,682Liabilities 2022: $9,428,486Net Assets 2022: $7,984,1962022Assets 2023: $16,377,778Liabilities 2023: $9,337,904Net Assets 2023: $7,039,8742023Assets 2024: $15,686,508Liabilities 2024: $9,067,043Net Assets 2024: $6,619,4652024

Highlighted filing

2012

Assets$9,617,087
Liabilities$4,330,342
Net Assets$5,286,745

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,462,1312010Expenses 2011: $486,6772011Expenses 2012: $1,023,6652012Revenue 2013: $562,396Expenses 2013: $592,132Net Income 2013: -$29,7362013Revenue 2014: $751,162Expenses 2014: $530,492Net Income 2014: $220,6702014Revenue 2015: $2,185,494Expenses 2015: $1,425,609Net Income 2015: $759,8852015Revenue 2016: $1,601,624Expenses 2016: $1,292,086Net Income 2016: $309,5382016Revenue 2017: $1,763,594Expenses 2017: $1,570,262Net Income 2017: $193,3322017Revenue 2018: $2,306,177Expenses 2018: $1,392,205Net Income 2018: $913,9722018Revenue 2019: $2,129,276Expenses 2019: $2,125,572Net Income 2019: $3,7042019Revenue 2020: $2,948,621Expenses 2020: $2,484,777Net Income 2020: $463,8442020Revenue 2021: $4,356,175Expenses 2021: $2,822,143Net Income 2021: $1,534,0322021Revenue 2022: $4,216,894Expenses 2022: $4,896,663Net Income 2022: -$679,7692022Revenue 2023: $4,617,030Expenses 2023: $5,601,408Net Income 2023: -$984,3782023Revenue 2024: $5,769,789Expenses 2024: $6,225,183Net Income 2024: -$455,3942024

Highlighted filing

2012

Revenue-
Expenses$1,023,665
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 14, 2013
Return Version
2012v2.0
Gross Receipts
$1,376,750
Mission and Program Overview

Mission

We strengthen communities and provide pathways to economic and personal opportunity through affordable housing, educational programs and support services.

Major Activities

Activity 2
Real Estate Development, Creating additional affordable housingDuring Hope's thirty-two year history, it has developed several hundred units of housing for low-income families. Hope has purchased apartment buildings, renovated them, retaining some as rental apartments, and selling some as owner-occupied housing. Hope has also used both the 9% and 4% Low Income Housing Tax Credit (LIHTC) programs to develop new housing, including The Point, $12M mixed-use, mixed-income TOD project on Denver's Light Rail line, and a major upgrade/rehab of Hidden Brook, a 130-unit apartment property in East Denver.Hope has also purchased and renovated single-family houses from HUD, renovating them and selling them to low-income families. Recently, Hope constructed ten new single-family homes and sold them to low-income buyers.Hope purchased an empty, dilapidated multi-family building in Denver's Historic Curtis Park neighborhood near downtown, and renovated it into a spectacular combination headquarters office building for Hope, and community center to serve the neighborhood, employing Historic Tax Credits and New Market Tax Credits.
Filing and Contact Details

Filer

EIN
84-0829068
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IRS990/Activity2/Description0Real Estate Development, Creating additional affordable housingDuring Hope's thirty-two year history, it has developed several hundred units of housing for low-income families. Hope has purchased apartment buildings, renovated them, retaining some as rental apartments, and selling some as owner-occupied housing. Hope has also used both the 9% and 4% Low Income Housing Tax Credit (LIHTC) programs to develop new housing, including The Point, $12M mixed-use, mixed-income TOD project on Denver's Light Rail line, and a major upgrade/rehab of Hidden Brook, a 130-unit apartment property in East Denver.Hope has also purchased and renovated single-family houses from HUD, renovating them and selling them to low-income families. Recently, Hope constructed ten new single-family homes and sold them to low-income buyers.Hope purchased an empty, dilapidated multi-family building in Denver's Historic Curtis Park neighborhood near downtown, and renovated it into a spectacular combination headquarters office building for Hope, and community center to serve the neighborhood, employing Historic Tax Credits and New Market Tax Credits.
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IRS990/Description0Programs and Services:Our Programs and Services Vision is to be an active, inclusive and safe home for Hope Communities residents.We create and offer residents quality enrichment opportunities unique to community needs and demographics.We strive for Hope Communities residents to be empowered, self-sustainable and supportive members of the greater community.Hope Communities provides both direct services, as well as, coordinates with third-party service providers to assist Hope Communities residents and community members.Program and Service Areas:Adult Education - Hope Communities residents are diverse. However, there are significant challenges the adult community faces, including but not limited to: lack of high school diploma/GED; high unemployment; social isolation; low levels of English language proficiency; illiteracy; refugee or asylee status; constraints of poverty. Thus, it is vital to provide programs and services that encourage and engage adult learners to gain skills and improve upon their life skills.Youth Education - Hope Communities expects youth to attend school and be responsible students. However, youth struggle with: lack of parent-school engagement; hybrid identities of refugee youth; cycle of poverty; poor performing schools; volatile family situations. As such, Hope Communities offers early childhood education and healthy parent/child relationship programs, as well as after-school enrichment, tutoring and mentoring. Health and Wellness - On-site health fairs, health literacy, cooking classes and a walking club are offered to residents to improve health and wellness. Hope Communities and program partners increase resident and community members access to and understanding of the American medical system, healthy eating and exercise.Community Building - Hope Communities promotes and facilitates resident participation in resident councils; neighborhood development and community impact events; as well as a community garden.Case Management - Graduate students offer individual and family case management. The Spring Institute and Project SHINE program also offer individual medical-specific assistance utilizing full-time staff and volunteers. Holiday Treasure Store - Hope Communities operates a donation based Holiday Treasure Store at which parents are able to hand select holiday gifts for their children.
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IRS990ScheduleA/PublicSupportPertcentage17000.89990
IRS990ScheduleA/PublicSupportPertcentPriorYear00.88620
IRS990ScheduleA/PublicSupportTotal17001332946
IRS990ScheduleA/TaxRevLeviedForOrgBenefit170/Total00
IRS990ScheduleA/ThirtyThreePercntTestsCY1700X
IRS990ScheduleA/Total170/CurrentTaxYear0101321
IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year069903
IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years0125507
IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years0617186
IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years0419029
IRS990ScheduleA/Total170/Total01332946
IRS990ScheduleA/TotalSupport01481169
IRS990ScheduleA/ValueSrvcFcltsFurnishedByGovt/Total00
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired0true
IRS990ScheduleD/Buildings/BookValue02493594
IRS990ScheduleD/Buildings/Depreciation0810452
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis03304046
IRS990ScheduleD/Equipment/BookValue08559
IRS990ScheduleD/Equipment/Depreciation042387
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis050946
IRS990ScheduleD/ExpensesSubtotal01023665
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0Hope is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and a similar provision of state law. However, Hope is subject to federal income tax on any unrelated business taxable income. Hope files tax returns in the U.S. federal jurisdiction. Hope has support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Tax years that remain subject to examination are years 2009 and forward.Hope's for-profit subsidiaries are subject to federal and state income taxes at the applicable corporate rates.Hope's variable interest entities are not directly subject to income taxes under the provisions of the Internal Revenue Code and applicable state laws. Therefore, taxable income or loss is reported to the individual members/partners for inclusion in their respective tax returns and no provision for federal and state income taxes has been included in the accompanying financial statements.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0Part X
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0Part X : FIN48 Footnote
IRS990ScheduleD/Land/BookValue0440828
IRS990ScheduleD/Land/OtherCostOrOtherBasis0440828
IRS990ScheduleD/LeaseholdImprovements/BookValue089472
IRS990ScheduleD/LeaseholdImprovements/Depreciation071821
IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis0161293
IRS990ScheduleD/OtherAssets/BookValue02757695
IRS990ScheduleD/OtherAssets/BookValue1292879
IRS990ScheduleD/OtherAssets/BookValue2505500
IRS990ScheduleD/OtherAssets/Description0INVESTMENT IN AFFILIATES
IRS990ScheduleD/OtherAssets/Description1DUE FROM AFFILIATES - NOTES
IRS990ScheduleD/OtherAssets/Description2DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssets/Description3DEFERRED DEVELOPMEN FEES FROM AFFILIATES
IRS990ScheduleD/OtherLandBuildings/BookValue0393392
IRS990ScheduleD/OtherLandBuildings/Depreciation0763304
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis01156696
IRS990ScheduleD/OtherLiabilities/Amount058475
IRS990ScheduleD/OtherLiabilities/Description0SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotal0633792
IRS990ScheduleD/TotalBookValueOtherAssets03556074
IRS990ScheduleD/TotalExpensesPerForm99001023665
IRS990ScheduleD/TotalOfAmounts058475

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.7$9.07$6.62$5.77$6.23$0.46
2023Detailed filing. Detailed filing data is available for this year.$16.4$9.34$7.04$4.62$5.60$0.98
2022Detailed filing. Detailed filing data is available for this year.$17.4$9.43$7.98$4.22$4.90$0.68
2021Detailed filing. Detailed filing data is available for this year.$12.2$4.09$8.15$4.36$2.82$1.53
2020Detailed filing. Detailed filing data is available for this year.$11.4$4.86$6.56$2.95$2.48$0.46
2019Detailed filing. Detailed filing data is available for this year.$6.90$1.11$5.80$2.13$2.13$0.00
2018Detailed filing. Detailed filing data is available for this year.$6.88$1.22$5.66$2.31$1.39$0.91
2017Detailed filing. Detailed filing data is available for this year.$6.60$1.86$4.74$1.76$1.57$0.19
2016Detailed filing. Detailed filing data is available for this year.$6.75$2.20$4.55$1.60$1.29$0.31
2015Detailed filing. Detailed filing data is available for this year.$6.88$2.64$4.24$2.19$1.43$0.76
2014Detailed filing. Detailed filing data is available for this year.$6.92$2.41$4.51$0.75$0.53$0.22
2013Detailed filing. Detailed filing data is available for this year.$5.71$0.45$5.26$0.56$0.59$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.62$4.33$5.29$1.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$4.54$5.67$0.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.36$5.23$4.13$1.46