2022-09-08T09:11:19-05:00 2021-12-31 411534805 CARPENTER EVERT & ASSOCIATES LTD 7760 FRANCE AVE S SUITE 940 BLOOMINGTON MN 55435 990 2021-01-01 411292817 HOPE COMMUNITY INC HOPE 6128748867 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 SHANNON JONES EXECUTIVE DIR. 6128748867 2022-06-14 1 SHANNON JONES 999009999 NEAL EVERT P00046853 9528310085 2022-06-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SHANNON JONES 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 3575214 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. 14 14 22 31 0 0 2286990 2527627 12676 40307 40547 26529 924603 947704 3264816 3542167 0 0 0 0 1278494 1363497 0 0 217965 2273786 2608932 3552280 3972429 -287464 -430262 13824923 13754226 7423941 7660852 6400982 6093374 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 1038361 COMMUNITY ENGAGEMENT- WE COMPLETED OUR 12TH GROWING SEASON IN OUR GARDENS, OUR YOUTH MADE NATIONAL NEWS FOR A GROUNDBREAKING VIDEO THAT REFLECTED ON THE MURDER OF GEORGE FLOYD, COMPLETED 5 COMMUNITY MURALS , 2ND YEAR COMPLETING TRANSFORMATIONAL CREATIVE STRATEGIES TRAINING (TRCSTR), MULTIPLE YOUTH PLACED IN PAID INTERNSHIPS, SUCCESSFULLY COMPLETED THE PARKS AND POWER ARTIST RESIDENCY PROGRAM, LAUNCHED OUR SANCTUARY TRAININGS WITH STAFF AND BOARD. 291632 REAL ESTATE DEVELOPMENT- HOPE'S WORK WITH REAL ESTATE AND PUBLIC SPACE FEATURES AN INNOVATIVE, ENTREPRENEURIAL APPROACH TO COMMUNITY DEVELOPMENT, AND HOPE HAS DEVELOPED 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 MAJOR 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 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 7,500 SQUARE FEET OF URBAN AGRICULTURE SPACE IN THE BLOCKS AROUND FRANKLIN AND PORTLAND AVENUES. HOPE AND AEON CO-OWN THE BUILDINGS IN THE SOUTH QUARTER: HOPE OWNS ANOTHER 50 UNITS OF RENTAL HOUSING IN THE IMMEDIATE AREA. IN 2021, HOPE SUCCESSFULLY RAISED $4 MILLION FOR THE CREATION/PRESERVATION OF AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES THROUGH MULTIPLE DEVELOPMENT PROJECTS IN PARTNERSHIPS WITH BOTH THE CITY OF LAKES COMMUNITY LAND TRUST AS WELL AS FROGTOWN NEIGHBORHOOD ASSOCIATION AND MODEL CITIES OF ST. PAUL. THOSE PROJECTS WORK IN CONJUNCTION WITH HOPE'S COMMUNITY OWNERSHIP PROGRAM, WHICH LAUNCHED IN 2020, AND SUPPORTS ASPIRING OWNER-OCCUPANTS OF SMALL MULTI-FAMILY BUILDINGS. OVER 20 GRADUATES HAVE COMPLETED THE PROGRAM AS OF THE END OF 2021. 1963142 HOUSING AND ASSET MANAGEMENT- STABLE, HEALTHY AND AFFORDABLE HOUSING IN A SUPPORTIVE COMMUNITY ENVIRONMENT IS AN EFFECTIVE WAY FOR INDIVIDUALS AND FAMILIES TO MEET THE CHALLENGES OF POVERTY AND ISOLATION IN AN URBAN ENVIRONMENT. HOPE'S RELATIONSHIPS WITH RESIDENTS ARE ROOTED IN RESPECT AND MUTUAL ACCOUNTABILITY. HOPE'S PROPERTIES ARE MANAGED BY A PROFESSIONAL PROPERTY MANAGEMENT COMPANY.AS A PROPERTY OWNER COMMITTED TO ITS BUILDINGS FOR THE LONG-TERM, HOPE IS RESPONSIBLE FOR THE TRADITIONAL DUTIES OF A REAL ESTATE ASSET MANAGER FINANCIAL OVERSIGHT, SELECTION OF PROPERTY MANAGER, COMPLIANCE WITH REGULATORY AGREEMENTS, CAPITAL IMPROVEMENT PLANNING, ETC. HOWEVER, HOPE'S IDEA OF ASSET MANAGEMENT INVOLVES A MUCH BROADER UNDERSTANDING OF HOW TO MAINTAIN THEIR REAL ESTATE AS A LONG-TERM ASSET. KEY TO THAT UNDERSTANDING IS RELATIONSHIP MAINTAINING RELATIONSHIPS WITH RESIDENTS, FUNDERS, GOVERNMENT PARTNERS, NEIGHBORS, COMMUNITY MEMBERS, AND MANY OTHERS. HOPE IS INVOLVED WITH GROUPS SUCH AS THE LOCAL BUSINESS ASSOCIATION, NEIGHBORHOOD ASSOCIATION, AND CITY PLANNING COMMITTEES. CONSIDERABLE EFFORT IS SPENT TO CONNECT THE DISTINCT FUNCTIONS OF HOPE'S COMMUNITY ENGAGEMENT AND PROPERTY MANAGEMENT WORK. 3293135 1 1 0 0 0 0 0 0 1 0 1 0 0 0 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 62 0 1 22 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X X THE ORGANIZATION 6128748867 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 ANI RYAN KOCH DIRECTOR 1.00 X 0 0 0 ANNE BARRY DIRECTOR 1.00 X 0 0 0 BROCKMAN SCHUMACHER DIRECTOR 1.00 X 0 0 0 C TERRANCE 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 MUNA ABDIRAHMAN DIRECTOR 1.00 X 0 0 0 STEVE ROBINSON DIRECTOR 1.00 X 0 0 0 SHANNON JONES EXECUTIVE DIR. 40.00 X 106727 0 9884 106727 0 9884 1 0 0 0 0 115284 2412343 2527627 PROGRAM FEES 532000 40307 40307 40307 26529 26529 959780 33047 926733 926733 926733 MISCELLANEOUS 20971 20971 20971 3542167 988011 0 26529 X 165649 110817 34685 20147 1007826 674219 211028 122579 96253 63244 21258 11751 93769 62992 19359 11418 19229 19229 23684 23684 446167 335945 82633 27589 13432 6408 3534 3490 24150 20911 1526 1713 30858 28772 1013 1073 1345 85 1260 202214 202214 637623 626240 5527 5856 90568 83174 5764 1630 OPERATING & MAINTENANCE 564387 560885 1986 1516 UTILITIES 173574 173574 PROGRAM SERVICES 134754 134673 39 42 REAL ESTATE TAXES 117797 117797 129150 48272 71717 9161 3972429 3293135 461329 217965 1360764 1358901 77041 60900 335250 695000 61934 118366 733064 733064 26328 37554 18133156 8802660 9948269 9330496 634316 756626 647957 663319 13824923 13754226 362976 376227 793767 910147 6154747 6237432 112451 137046 7423941 7660852 X 5770982 4741708 630000 1351666 6400982 6093374 13824923 13754226 -430262 122654 0 X 0 1 X 1 0 X 2022050 1512984 3230060 2286990 2527627 11579711 2022050 1512984 3230060 2286990 2527627 11579711 2472205 9107506 85586 84620 116056 36016 26529 348807 44395 20306 36674 29662 20971 152008 12080526 3239671 0.75390 0.78710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1125807 1125807 10666817 5007896 5658921 5285900 2851552 2434348 1054632 943212 111420 9330496 TENANTS' DEPOSITS 137046 137046 X 3667431 122654 2610 125264 3542167 0 3542167 3975039 2610 2610 3972429 0 3972429 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. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 166,975. MANAGEMENT AND GENERAL EXPENSES 79,420. FUNDRAISING EXPENSES 24,398. TOTAL EXPENSES 270,793. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 168,970. MANAGEMENT AND GENERAL EXPENSES 3,213. FUNDRAISING EXPENSES 3,191. TOTAL EXPENSES 175,374. HOPE BLOCK STABALIZATION PHASE 1 LLC 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 371593246 ACQUIRE AND LEASE AFFORDABLE HOUSING MN 182364 83643 DUNDRY HOUSE LLC 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 274944226 ACQUIRE AND LEASE AFFORDABLE HOUSING MN 251604 147861 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 -54189 126469 0 1 0.00500 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 -14 895993 0 1 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 -112 309476 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