2021-09-15T11:28:10-05:00 2020-12-31 411534805 CARPENTER EVERT & ASSOCIATES LTD 7760 FRANCE AVE S SUITE 940 BLOOMINGTON MN 55435 990 2020-01-01 411292817 HOPE COMMUNITY INC HOPE 6128748867 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 SHANNON JONES EXECUTIVE DIR. 6128748867 2021-08-06 1 SHANNON JONES 999009999 NEAL EVERT P00046853 9528310085 2021-08-06 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SHANNON JONES 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 3264816 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. 15 15 24 167 0 0 3230060 2286990 17081 12676 116056 40547 471374 924603 3834571 3264816 0 0 0 0 1172169 1278494 0 0 200317 1423252 2273786 2595421 3552280 1239150 -287464 10052337 13851231 2740951 7450249 7311386 6400982 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 926518 12476 COMMUNITY ENGAGEMENT- HOPE COMMUNITY WORKS WITH DIVERSE ADULTS AND YOUTH TO BUILD LEADERSHIP AND MULTI-CULTURAL NETWORKS IN A COMMUNITY KNOWN FOR ISOLATION. AT THE CORE: HOPES YEAR-ROUND WORK WITH OVER 500 COMMUNITY RESIDENTS ANNUALLY CREATES OPPORTUNITY AND LONG-TERM SUSTAINABILITY (NOT LIMITED TO RESIDENTS IN OUR HOUSING). IN ADDITION, ANOTHER 1,000 PARTICIPATE IN SPECIAL OPPORTUNITIES, WORKSHOPS AND EVENTS. WE ALWAYS FOCUS ON SKILL BUILDING, LEADERSHIP DEVELOPMENT, AND OPPORTUNITIES TO BUILD INDIVIDUAL CAPACITY, COMMUNITY CAPACITY AND COMMUNITY CHANGE. OUR WORK IS NOT ABOUT HOPE DOING FOR PEOPLE; IT IS ABOUT SUPPORTING PEOPLE TO DO FOR THEMSELVES. CORE PROGRAM AREAS INCLUDE ART, POLICY, AND POWER; COMMUNITY HEALTH AND RESILIENCE, AND YOUTH AND FAMILY ENGAGEMENT. 248520 894941 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. 1730769 130000 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. 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 APPROACH TO ASSET MANAGEMENT INVOLVES A MUCH BROADER UNDERSTANDING OF HOW TO MAINTAIN ITS 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. 2905807 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 64 0 1 24 1 0 0 0 0 0 0 0 0 0 0 X 15 15 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 CANDICE ROSALEZ DIRECTOR 1.00 X 0 0 0 C TERRANCE ANDERSON DIRECTOR 1.00 X 0 0 0 STEVE ROBINSON CO-CHAIR 2.00 X X 0 0 0 CLAIRE CHANG DIRECTOR 1.00 X 0 0 0 CECILE BEDOR DIRECTOR 1.00 X 0 0 0 JANETTE LAW DIRECTOR 1.00 X 0 0 0 HEIDI LASLEY BARAJAS DIRECTOR 1.00 X 0 0 0 MARIA PABON GAUTIER DIRECTOR 1.00 X 0 0 0 ANNE BARRY DIRECTOR 1.00 X 0 0 0 BROCKMAN SCHUMACHER SECRETARY 2.00 X X 0 0 0 MUNA ABDIRAHMAN CO-CHAIR 2.00 X X 0 0 0 LACORA BRADFORD KESTI CO-CHAIR 2.00 X X 0 0 0 DAN MCLEAN TREASURER 2.00 X X 0 0 0 KIA HAKIMI DIRECTOR 1.00 X 0 0 0 SHANNON JONES EXECUTIVE DIR. 40.00 X 103004 0 17348 JACQUELINE BLAKEY DIRECTOR OF FINANCE AND OPERATIONS 40.00 X 85002 0 32686 188006 0 50034 1 0 0 0 0 258900 2028090 2286990 PROGRAM FEES 532000 12676 12676 12676 40547 40547 894941 0 894941 894941 894941 MISCELLANEOUS 900099 29662 29662 29662 3264816 937279 0 40547 549184 367396 114993 66795 573201 383462 120022 69717 64829 42127 14769 7933 91280 61320 18845 11115 319101 260020 43816 15265 12128 6510 239 5379 14175 5715 8000 460 28522 24697 1802 2023 37485 34950 1231 1304 452 28 424 208395 208395 633863 622548 5494 5821 73279 67296 4664 1319 OPERATING & MAINTENANCE 406793 404432 1339 1022 UTILITIES 144543 144543 PROGRAM SERVICES 131727 131648 38 41 REAL ESTATE TAXES 108844 108844 154479 31876 110480 12123 3552280 2905807 446156 200317 595142 1360764 71046 77041 279549 335250 66567 61935 2033064 733064 9981 26328 18118942 8170673 4847563 9948269 482711 634316 30812 26307 1635902 647957 10052337 13851231 287593 362977 793767 2353006 6181054 100352 112451 2740951 7450249 X 6664386 5770982 647000 630000 7311386 6400982 10052337 13851231 -287464 138738 -761678 0 X X 0 1 X 1 0 X 1287715 2022050 1512984 3230060 2286990 10339799 1287715 2022050 1512984 3230060 2286990 10339799 1748765 8591034 87293 85586 84620 116056 36016 409571 33990 44395 20306 36674 29662 165027 10914397 2735775 0.78710 0.76350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1125807 1125807 10666817 4742195 5924622 5285900 2531426 2754474 1040418 897052 143366 9948269 TENANTS' DEPOSITS 112451 112451 X 3443584 138738 40030 178768 3264816 0 3264816 3592310 40030 40030 3552280 0 3552280 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 XII, LINE 2C: N/A HOPE BLOCK STABALIZATION PHASE 1 LLC 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 371593246 ACQUIRE AND LEASE AFFORDABLE HOUSING MN -48847 47600 DUNDRY HOUSE LLC 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 274944226 ACQUIRE AND LEASE AFFORDABLE HOUSING MN 22024 128930 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 -95912 171675 0 1 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 -12 895948 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 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