Civic Intelligence

Hope Communities Inc.

990 • Fiscal year 2013 • EIN 84-0829068

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 31, 2014

Organization ProfileHOPECOMMUNITIES.ORG

View Organization Page

2543 California Street80205

(303) 860-7747

Siviq Scores

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

Liabilities / Assets

34th percentile

0.08x

Higher debt load relative to assets than 34% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

77th percentile

0.80x

Higher debt load relative to revenue than 77% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Net Margin

24th percentile

-5.3%

Higher net margin than 24% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

52nd percentile

$112,514

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 20.0% of source-year revenue.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Asset Growth

1st percentile

-41%

Faster asset growth than 1% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$5,706,778

Down $3,910,309 (-41%) from 2012

Net Assets

Down

$5,257,009

Down $29,736 (-0.6%) from 2012

Liabilities

Down

$449,769

Down $3,880,573 (-90%) from 2012

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin24th percentile

Revenue

$562,396

No earlier filing loaded for comparison.

Expenses

Down

$592,132

Down $431,533 (-42%) from 2012

Net Income

-$29,736

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

2013

Assets$5,706,778
Liabilities$449,769
Net Assets$5,257,009
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2013

Revenue$562,396
Expenses$592,132
Net Income-$29,736
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 31, 2014
Return Version
2013v3.1
Gross Receipts
$1,446,028
Mission and Program Overview

Mission

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

Create diverse, healthy communities through quality, service enriched, affordable housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,425,845$14,485,616▲ $11,059,771
Cash and Non-Interest-Bearing Accounts$2,269,251$2,021,078▼ $248,173
Savings and Temporary Cash Investments$217,541$770,210▲ $552,669
Accounts Receivable$66,304$59,635▼ $6,669
Intangible Assets$25,358$56,306▲ $30,948
Prepaid Expenses and Deferred Charges$29,303$38,714▲ $9,411
Other Notes and Loans Receivable, Net$27,411$28,527▲ $1,116
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$9,617,087$5,706,778▼ $3,910,309
Other Assets Total$3,556,074$-11,753,308▼ $15,309,382
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,096,585$9,949,304▲ $5,852,719
Accounts Payable and Accrued Expenses$175,282$364,705▲ $189,423
Other Liabilities$58,475$-9,864,240▼ $9,922,715
Total Liabilities$4,330,342$449,769▼ $3,880,573
Net Assets / Fund Balance
Unrestricted Net Assets$4,861,745$4,832,009▼ $29,736
Temporarily Rstr Net Assets$425,000$425,000→ $0
Total Net Assets Fund Balance$5,286,745$5,257,009▼ $29,736
Total Liabilities and Net Assets / Fund Balance$9,617,087$5,706,778▼ $3,910,309

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,611,398$6,491,744$19,103,142
Land$1,527,975-$1,527,975
Other Land Buildings$346,243$410,973$757,216
Equipment-$22,793$22,793
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Larry FullertonExecutive DirectorFT$110,000$2,514$112,514

Board Members and Trustees

NameTitle
Rob ChaneyChairman
Brian WindleyBoard Member
Bryan SlekesBoard Member
E Dean Brown JrBoard Member
George ShawBoard Member
Hugh BrownBoard Member
Jeff CampbellBoard Member
Mark BrownBoard Member
Mwenebitu LupandeBoard Member
Y Melinda PasquiniBoard Member
Troy GladwellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$71,946
Program Service Revenue
$0
Investment Income
$7,861
Other Revenue
$482,589
All Other Contributions
$71,946
Change in Net Assets
$-29,736

Audited Revenue Reconciliation

Revenue per Audited Statements
$562,396
Revenue Not Reported on Form 990
$1,503,645
Total Revenue per Audited Statements
$2,066,041
Total Revenue per Form 990
$562,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$333,829
Salaries, Compensation, and Employee Benefits$258,303
Total Fundraising Expense$51,731
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$532,242$96,456-$628,698
Interest$301,105$125,878-$426,983
Occupancy$249,749$12,040-$261,789
Insurance$168,016$78,810-$246,826
Fees for Services Management$186,492$7,200-$193,692
Other Salaries and Wages$21,743$92,670$31,376$145,789
Current Officers, Directors, Trustees, and Key Employees$94,478$17,135$901$112,514
Fees for Services Other$80,703$12,086-$92,789
Other Expenses$61,432$86,289-$61,432
Advertising$3,514-$30,454$33,968
All Other Expenses$-2,049,700$-234,837$-11,000$-2,295,537
Total Functional Expenses$231,456$308,945$51,731$592,132

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,649,899
Expenses Not Reported on Form 990$2,057,767
Expenses per Audited Statements$592,132
Total Expenses per Form 990$592,132
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$132,701
Related Party Payable$45,569
Noncontrolling Interest$-10,042,510
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Executive Director individually reviews the completed Form 990 and also reviews the document with Haynie and Company, CPAs, the preparer. The Form 990 is then given to the Board of Directors for their review.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Each individual is asked to sign the conflict of interest policy annually. It is regularly reviewed by the Board of Directors and the Executive Directors for any conflicts.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All documents which are open to the public disclosure rules are made available upon request.”

Filing and Contact Details

Filer

EIN
84-0829068
Phone
3038607747

Signing Officer

Name
Larry Fullerton
Title
Executive Director
Signed
2014-07-31
Discuss with paid preparer
Yes

Organization Details

Formed
1980
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
17
Volunteers
250

Preparer

Preparer
Gregory W Doebler CPA
Phone
8019724800
Supplemental Narrative

Additional Explanations

Detail of non controlling interest adjustments

“Hidden Brook DRP VIII Welton Eliminations TotalsTotalRevenue 1,037,872 166,565 299,208 1,503,645 Reported Part VIII, Line 11bTotalExpenses 1,390,719 192,813 500,521 (26,286) 2,057,767 Reported Part IX, Line 24eNet Income/(Loss) (352,847) (26,248) (201,313) 26,286 (554,122) Assets 7,623,616 395,146 3,708,260 26,286 11,753,308 Reported Part X, Line 15bLiab 4,490,426 1,389,925 4,162,159 10,042,510 Reported Sch D, Pt X, Line 2Net 3,133,190 (994,779) (453,899) 26,286 1,710,798 Unrestricted Assets-Non controlling int per F/S 2,744,699 Net adjustment from above (1,710,798)Net Unrestricted Assets-Non controlling entities 1,033,901”

Financial Statement Notes

Part X : FIN48 Footnote

“Hope 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 2010 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.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Non controlling interest-see Sch O $1503645”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Non controlling interests-See Sch O $2057767”

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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/Desc0Programs 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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IRS990/ProgSrvcAccomActy2Grp/Desc0Real Estate Development, Creating additional affordable housingDuring Hope's thirty-four 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 continues to provide technical assistance to the homeowners on the ten Adams Street properties. Hope offers its assistance to this group, all of whom are first-time homeowners. Hope has advised on capital improvements, and budgets for replacement reserves to preserve and protect the value of the property. 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. Hope continues to work closely with Historic Denver, Inc., the local group which monitors compliance with Historic Tax Credits for this property. Historic Denver performs an annual inspection of the property, and reports to Hope. Hope then performs any necessary repair and maintenance work required to maintain compliance with the Guidelines of the Secretary of the Interior for Historic Preservation.
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Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,706,778
Liabilities
$449,769
Net assets
$5,257,009
Revenue
$562,396
Expenses
$592,132
Net income
-$29,736
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