2023-07-25T11:10:06-05:00 2022-12-31 411534805 CARPENTER EVERT & ASSOCIATES LTD 7760 FRANCE AVE S SUITE 940 BLOOMINGTON MN 55435 990 2022-01-01 411292817 HOPE COMMUNITY INC HOPE 6128748867 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 SHANNON JONES EXECUTIVE DIR. 6128748867 2023-06-19 1 SHANNON JONES 999009999 0 NEAL EVERT P00046853 9528310085 2023-06-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHANNON JONES 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 3446193 0 X WWW.HOPE-COMMUNITY.ORG X 1977 MN HOPE COMMUNITY CREATES CONNECTIONS THAT STRENGTHEN THE POWER OF COMMUNITY MEMBERS AND COMMUNITIES. WE CULTIVATE COMMUNITY LEADERS, BUILD COMMUNITY CAPACITY, CARE FOR THE HOUSING AND COMMUNITY SPACES WE DEVELOP, AND PURSUE EQUITY AND DIVERSITY IN ALL THAT WE DO. 13 0 0 54 0 0 2527627 2228584 40307 52773 26529 122855 947704 872617 3542167 3276829 0 0 0 0 1363497 1766344 0 0 245925 2608932 2418645 3972429 4184989 -430262 -908160 13754226 12896217 7660852 7832917 6093374 5063300 X HOPE COMMUNITY CREATES CONNECTIONS THAT STRENGTHEN THE POWER OF COMMUNITY MEMBERS AND COMMUNITIES. WE CULTIVATE COMMUNITY LEADERS, BUILD COMMUNITY CAPACITY, CARE FOR THE HOUSING AND COMMUNITY SPACES WE DEVELOP, AND PURSUE EQUITY AND DIVERSITY IN ALL THAT WE DO. 0 0 1182316 COMMUNITY ENGAGEMENT- COMPLETED OUR 13TH GROWING SEASON IN OUR GARDENS, RENOVATED THE YOUTH GARDEN WITH WALKING PATHS, IRRIGATION AND ORCHARD. WE WERE ABLE TO BRING TWO YOUTH THAT GRADUATED FROM OUR PROGRAM INTO PAID PART TIME ROLES. 3RD YEAR COMPLETING TRANSFORMATIONAL CREATIVE STRATEGIES TRAINING (TRCSTR). LAUNCHED YOUTH IT CERTIFICATION PROGRAM (CERTIFY ME). PILOTED RESEARCH PROGRAM WITH U OF MN TO EXPLORE CONNECTIONS BETWEEN PARKS AND HOUSING 311751 HOPE'S WORK WITH REAL ESTATE AND PUBLIC SPACE FEATRUES AN INNOVATIVE, ENTREPRENEURIAL APPROACH TO COMMUNITY DEVELOPMENT, AND HOPE HAS DVEELOPED A CRITICAL MASS OF HOUSING, INDOOR AND OUTDOOR COMMUNITY SPACE (INCLUDING HOPE'S OFFICES AND COMMUNITY CENTER), AND SPACE FOR TWO NEIGHBORHOOD BUSINESSES THAT ARE CHANGING THE FACE OF A FORMERLY DEVASTATED NEIGHBORHOOD. SOUTH QUARTER, A MAJORE DEVELOPMENT (IN PARTNERSHIP WITH AEON) REFLECTS 20+ YEARS OF PERSISTENT VISION AND STRATEGY TO DEVELOP A CRITICAL MASS OF COMMUNITY-FOCUSED HOUSING ON ALL FOUR CORNERS OF 2010363 HOUSING AND ASSET MANAGEMENT- THE PORTLAND AND FRANKLIN INTERSECTION. IN TOTAL, HOPE HAS DEVELOPED 267 UNITS OF HOUSING (70% AFFORDABLE, 30% MARKET RATE), 25,000 SQUARE FEET OF RETAIL, OFFICE AND COMMUNITY SPACE, AND 7500 SQUARE FEET OF URBAN AGRUCULUTRAL SPACE. STABLE, HEALTHY AND AFFORDABLE HOUSING IN A SUPPORTIVE COMMUNITY ENVIRONMENT IS AN EFFECTIVE WAY FOR INDIVIDUALS AND FAMILIES TO MEET THE CHALLENGES THEY ARE FACING TODAY. HOPE'S RELATIONSHIPS WITH RESIDENTS ARE ROOTED IN RESPECT AND MUTUAL ACCOUNTABILITY. HOPE'S PROPERTIES ARE MANAGED BY A PROFESSIONAL MANAGEMENT COMPANY. AS A PROPERTY OWNER COMMITTED TO ITS BULDINS FOR THE LONG-TERM, HOPE IS RESPONSIBLE FOR THE TRADITIOANL DUTIES OF A REAL ESTATE ASSET MANAGER FINANCIAL OVERSIGHT, SELECTION OF PROPERTY MANAGER, COMPLIANCE WITH REGUALARTORY AGREEMENTS, CAPITAL IMPROVEMENT PLANNING, ETC. 3504430 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 60 0 1 0 0 0 0 0 0 0 0 0 0 0 X 13 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X X DUKE MOCHAMA 6128748867 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 ANI RYAN KOCH DIRECTOR 1.00 X 0 0 0 C TERRENCE ANDERSON DIRECTOR 1.00 X 0 0 0 CANDICE ROSALEZ SECRETARY 2.00 X X 0 0 0 OLIVIA JEFFERSON DIRECTOR 1.00 X 0 0 0 CLAIRE CHANG DIRECTOR 1.00 X 0 0 0 DAN MCLEAN DIRECTOR 1.00 X 0 0 0 JANETTE LAW FUNDRASING CHAIR 2.00 X X 0 0 0 KIA HAKIMI TREASURER 2.00 X X 0 0 0 LACORA BRADFORD KESTI CO-CHAIR 2.00 X X 0 0 0 MARIA PABON GAUTIER CO-CHAIR 2.00 X X 0 0 0 STEVE ROBINSON DIRECTOR 1.00 X 0 0 0 SHANNON JONES EXECUTIVE DIR. 40.00 X 125000 0 0 125000 0 0 1 0 0 0 0 111416 25067 2092101 2228584 PROGRAM FEES 532000 52773 52773 52773 28761 28761 919856 143458 776398 776398 776398 120000 25906 94094 94094 94094 MISCELLANEOUS 900099 96219 96219 96219 3276829 1019484 0 28761 125000 83623 26174 15203 1349230 902613 282514 164103 147992 97404 32527 18061 144122 96818 29754 17550 28977 28977 159430 114498 33777 11155 15206 7529 2880 4797 35905 31090 2268 2547 51047 47595 1676 1776 2389 148 2241 233355 233355 643822 632330 5580 5912 116913 107368 7441 2104 OPERATING & MAINTENANCE 455510 452867 1499 1144 UTILITIES 246480 246480 PROGRAM SERVICES 171101 171101 BAD DEBT 117676 117676 140834 132958 6303 1573 4184989 3504430 434634 245925 1358901 1538037 60900 60872 695000 304238 118366 116896 733064 733064 37554 51438 18133260 9360047 9330496 8773213 756626 635047 663319 683412 13754226 12896217 376227 418878 910147 1009445 6237432 6292318 137046 112276 7660852 7832917 X 4741708 3648490 1351666 1414810 6093374 5063300 13754226 12896217 -908160 -121914 0 X 0 1 X 1 0 X 1512984 3230060 2286990 2527627 2183484 11741145 1512984 3230060 2286990 2527627 2183484 11741145 2257668 9483477 84620 116056 36016 26529 28761 291982 20306 36674 29662 20971 96219 203832 12236959 3606069 0.77500 0.75390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1121007 1121007 10635117 5250802 5384315 5284956 3092372 2192584 1092180 1016873 75307 8773213 ACCRUED INTEREST RECEIVABLE 350491 INVESTMENT IN LIMITED PARTNERSHIP 264936 DEFERRED DEVELOPER FEE 4562 UNEMPLOYMENT SERVICES TRUST 63423 683412 TENANTS' DEPOSITS 112276 112276 X 3169295 -121914 14380 -107534 3276829 0 3276829 4199369 14380 14380 4184989 0 4184989 PART IV, LINE 2B: HOPE COMMUNITY IS THE MANAGING GENERAL PARTNER OF FRANKLIN PORTLAND GATEWAY PHASE III LIMITED PARTNERSHIP. THE PARTNERSHIP WAS FORMED TO CONSTRUCT, LEASE AND OPERATE A 41-UNIT APARTMENT BUILDING, KNOWN AS THE WELLSTONE, LOCATED IN MINNEAPOLIS. DURING THE CONSTRUCTION PHASE OF THE PROJECT, PARTNERSHIPS FUNDS WERE HELD AND DISBURSED BY A LOCAL TITLE COMPANY. WHEN CONSTRUCTION ENDED AND THE BUILDING PLACED IN SERVICE, ALL REMAINING FUNDS HELD BY THE TITLE COMPANY WERE TURNED OVER TO HOPE COMMUNITY AND PLACED IN A SEPARATE DEPOSITORY ACCOUNT. FUNDS ARE PERIODICALLY DISBURSED FROM THE ACCOUNT TO PAY FOR APPROVED PROJECT RELATED COSTS. PART X, LINE 2: THE ORGANIZATION HAS A TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ASC 740-10. THE ORGANIZATION'S POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS, AT LEAST ANNUALLY, FOR THE POTENTIAL FOR INCOME TAX EXPOSURE FROM UNRELATED BUSINESS INCOME OR FROM LOSS OF NONPROFIT STATUS. THE ORGANIZATION CONTINUES TO OPERATE CONSISTENT WITH ITS ORIGINAL EXEMPTION APPLICATION AND EACH YEAR TAKES THE NECESSARY ACTIONS TO MAINTAIN ITS EXEMPT STATUS. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. FORM 990, PART VI, SECTION A, LINE 3 AEON MANAGEMENT HAS BEEN CONTRACTED TO MANAGE PROPERTIES OWNED BY HOPE AND FRANKLIN PORTLAND GATEWAY LIMITED PARTNERSHIPS FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - FORM 990 WILL BE PRESENTED TO BOARD FOR REVIEW AND APPROVAL AT NEXT SCHEDULED BOD MEETING OR VIA E-MAIL UPON RECEIPT OF DRAFT AUDIT AND FORM 990 AS PROVIDED BY AUDITOR. FORM 990, PART VI, SECTION B, LINE 12C EXECUTIVE DIRECTOR ENSURES THAT ALL CONFLICT OF INTEREST QUESTIONNAIRES ARE COMPLETED, REVIEWED FOR CONFLICTS AND DISCUSSES WITH MEMBERS OF BOARD'S EXECUTIVE COMMITTEE FOR REVIEW OF ANY QUESTIONNAIRES THAT DISCLOSES ACTUAL OR POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR USES THE ANNUAL COMPENSATION INFORMATION PUT OUT BY MINNESOTA COUNCIL OF NONPROFITS IN ITS MINNESOTA NONPROFIT SALARY AND BENEFITS SURVEY AS A GUIDE IN DETERMINING SALARIES AND BENEFITS LEVELS FOR ALL POSITIONS, EXCLUDING THEIR OWN. FINAL COMPENSATION AMOUNTS ARE NEGOTIATED BETWEEN THE EXECUTIVE DIRECTOR AND EMPLOYEE. THE EXECUTIVE COMMITTEE OF THE BOARD DEVELOPED THE PROCESS FOR ESTABLISHING THE EXECUTIVE DIRECTOR'S COMPENSATION AND ANNUAL PERFORMANCE REVIEW. THE EXECUTIVE DIRECTOR AND BOARD CO-CHAIRS WRITE ABOUT RESULTS OF GOALS ESTABLISHED FOR THE YEAR. THE EXECUTIVE COMMITTEE DISCUSSES RESULTS AND DECIDES ON COMPENSATION AMOUNT. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST AND VIA THE CHARITIES REVIEW COUNCIL'S SMART GIVERS NETWORK. HOPE BLOCK STABALIZATION PHASE 1 LLC 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 371593246 ACQUIRE AND LEASE AFFORDABLE HOUSING MN 174188 70101 DUNDRY HOUSE LLC 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 274944226 ACQUIRE AND LEASE AFFORDABLE HOUSING MN 232321 146200 FRANKLIN PORTLAND GATEWAY PHASE II LIMITED PARTNERSHIP 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 562369948 OWN AND OPERATE APARTMENT BUILDING TO PROVIDE AFFORDABLE HOUSING TO LOW AND MN RELATED -122140 2944386 0 1 0.00010 FRANKLIN PORTLAND GATEWAY PHASE III LIMITED PARTNERSHIP 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 202351852 OWN AND OPERATE APARTMENT BUILDING TO PROVIDE AFFORDABLE HOUSING TO LOW AND MN RELATED -15 889057 0 1 0.00010 FRANKLIN PORTLAND GATEWAY PHASE IV LIMITED PARTNERSHIP 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 260504632 OWN AND OPERATE APARTMENT BUILDING TO PROVIDE AFFORDABLE HOUSING TO LOW AND MN RELATED -104 308113 0 1 0.00010 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 1 0 FRANKLIN PORTLAND GATEWAY PHASE I LIMITED PARTNERSHIP A BASED ON 2018 OPERATIONS FRANKLIN PORTLAND GATEWAY PHASE II LIMITED PARTNERSHIP K MONTHLY MASTER LEASE RENTS AND ES FRANKLIN PORTLAND GATEWAY PHASE III LIMITED PARTNERSHIP K MONTHLY MASTER LEASE RENTS AND ES FRANKLIN PORTLAND GATEWAY PHASE I LIMITED PARTNERSHIP L NUMBER OF UNITS, MGMT ESTIMATE FRANKLIN PORTLAND GATEWAY PHASE II LIMITED PARTNERSHIP L NUMBER OF UNITS, MGMT ESTIMATE FRANKLIN PORTLAND GATEWAY PHASE III LIMITED PARTNERSHIP L NUMBER OF UNITS, MGMT ESTIMATE FRANKLIN PORTLAND GATEWAY PHASE IV LIMITED PARTNERSHIP L 5% OF FPG ALLOCATED WAGE EXPENSE FRANKLIN PORTLAND GATEWAY PHASE I LIMITED PARTNERSHIP M PER TERMS OF OCCUPANCY AGREEMENT FRANKLIN PORTLAND GATEWAY PHASE I LIMITED PARTNERSHIP P 2019 OCCUPANCY COSTS PAID IN 2020 FRANKLIN PORTLAND GATEWAY PHASE I LIMITED PARTNERSHIP R COST TO TRANSFER LP INTEREST