2020-03-13T15:14:40-07:00 2017-12-31 201403280 FULTON & KOZAK CPA 7187 JONESBORO RD STE 100A MORROW GA 302602944 990 2017-01-01 954378084 OPERATION HOPE INC OPER 4049412919 191 PEACHTREE STREET NE ATLANTA GA 30303 BRIAN BETTS CFO 2020-03-09 true SHEILA M KOZAK CPA P00687026 7709614200 2017 2020-09-23 17:36:50Z X X 16400903 false false X WWW.OPERATIONHOPE.ORG X 1992 CA Operation hope is a for-purpose organization working to disrupt poverty and empower inclusion for low and moderate-income youth and adults. 20 19 229 2556 0 15356182 16388921 0 7162 167 -8527 11815 15354817 16400903 1290749 0 9779234 10280995 0 607568 4805743 4855681 14584977 16427425 769840 -26522 11920327 11525872 3578822 5381424 8341505 6144448 X Operation hope is a for-purpose organization working to disrupt poverty and empower inclusion for low and moderate-income youth and adults. true false 10966705 Adult HOPE Inside gives clients the resources to improve their financial situations. Through our 700 credit score initiative, we approve clients as soon as they seek assistance, commit to the resolution of primary credit denial factors, and work to raise credit scores on average of 120 points over 18 months of active counseling. Programs offered: Financial Literacy Workshops, Entrepreneurial Training and counseling for Foreclosure Prevention, Money Management, Homeownership, Small Business and Credit. In 2017, there were 126 HOPE Inside locations with an additional 19 locations in progress for 2018. 2330425 Youth HOPEs Banking on our Future (BOOF) program operates in 304 U.S. cities and 3 provinces in South Africa. The program is the recipient of the 11th John Sherman Award for Financial Education given by the US Treasury Department. HOPEs Business in A Box Academies (HBIABA), powered by Gallup-HOPE Index, is a national initiative to harness the economic energy of Youth and bring positive role models into underserved communities. The goal is to reconnect the power of education to the power of aspiration, spurring local job creation and therein insuring the future of prosperity of our students. 411251 Disaster HOPE is a national partner of FEMA addressing financial disaster preparedness, response and recovery. During 2017, HOPE responded to and served more than 200,000 Hurricane Katrina and Sandy survivors. Other disaster partners include the American Red Cross, the Economic Development Administration (EDA), corporations and other volunteer organizations. HOPE has responded to 56 large disasters and over 100 small disasters and emergencies since inception. 13708381 true true false false false false false false false false true false false false true true true false false true true false false false false false false false true true false false false false false false false false false false true false false false false true false false false false true 8 0 false 229 true false false true OC false false false false false 0 false false false false false false false false false false X 20 19 false false false false false false false true true false false true true true true true true true true false AL CA CO DC FL GA IL LA MD MI MO MS NC NE NV NY OH PA SC TN TX X X X BRIAN BETTS CFO 4049412919 191 PEACHTREE ST STE 3840 ATLANTA GA 30303 MICHAEL AROUGHETI BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERTO R HERENCIA BOARD MEMBER 1.00 0.00 X 0 0 0 BRYAN JORDAN BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM BILL ROGERS JR BOARD MEMBER 1.00 0.00 X 0 0 0 JEFF SCHMID BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES WELLS III BOARD MEMBER 1.00 0.00 X 0 0 0 TIMOTHY WENNES BOARD MEMBER 1.00 0.00 X 0 0 0 ELLEN ALEMANY BOARD MEMBER 1.00 0.00 X 0 0 0 NANDITA BAKHSHI BOARD MEMBER 1.00 0.00 X 0 0 0 PHILIPPE BOURGUIGNON BOARD MEMBER 1.00 0.00 X 0 0 0 JIM CLIFTON BOARD MEMBER 1.00 0.00 X 0 0 0 FRANK MARTELL BOARD MEMBER 1.00 0.00 X 0 0 0 JONATHAN POLK BOARD MEMBER 1.00 0.00 X 0 0 0 STEPHEN RYAN BOARD MEMBER 1.00 0.00 X 0 0 0 STEPHEN STEINOUR BOARD MEMBER 1.00 0.00 X 0 0 0 CARLOS VAZQUEZ BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT WEBB BOARD MEMBER 1.00 0.00 X 0 0 0 PHIL WENGER BOARD MEMBER 1.00 0.00 X 0 0 0 STEFAN WILSON BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN BRYANT Chairman/CEO 40.00 0.00 X X 507500 0 27689 RACHAEL DOFF SEVP/CAO 40.00 0.00 X 207825 0 21631 WILLIAM WALBRECHER President 40.00 0.00 X 27000 0 368 ANITA WARD EVP/CTO 40.00 0.00 X 258276 0 14294 DAVE MATTHEWS COO/CFO 40.00 0.00 X 222959 0 13 JENA ROSCOE SR VP GOVT AFFAIRS 40.00 0.00 X 119752 0 5253 LANCE TRIGGS PRES PROG OPER 40.00 0.00 X 136821 0 12277 KEVIN BOUCHER SVP, DIRECTOR HGF 40.00 0.00 X 92628 0 9891 MARY HAGERTY COS & PARTNERSHIP 40.00 0.00 X 126892 0 5173 1699653 96589 7 false true false ROB MCGREW 8306 WILSHIRE BLVD SUITE 484 BEVERLY HILLS CA 90211 CONSULTATION 116919 1 7063 1691967 14689891 16388921 0 167 167 0 0 0 0 0 0 2573 2573 2573 OTHER REVENUE 9242 9242 9242 16400903 11982 0 1290749 1290749 0 0 1796242 868014 707896 220332 0 7220269 6936434 244978 38857 0 630821 544807 68598 17416 633663 552876 65989 14798 0 0 0 0 0 0 848895 524881 303159 20855 320788 233640 87148 591733 484845 61564 45324 0 0 609781 326068 255579 28134 760516 499144 62519 198853 0 737321 737321 144640 144640 0 192343 187044 3347 1952 201011 177658 16234 7119 TELECOMMUNICATION 448653 344900 89825 13928 0 16427425 13708381 2111476 607568 2588303 1153892 0 9595096 8403838 0 0 0 0 0 336599 48338 2160182 1915274 437252 244908 21825 0 0 0 397488 218660 11920327 11525872 1597620 1913291 1981202 2458135 999998 10000 3578822 5381424 X -4621814 -6417374 12963319 12561822 8341505 6144448 11920327 11525872 X -26522 6804 -237635 -1939704 X false true X true true true X 11035096 14182121 13982635 15356182 16388921 70944955 0 0 11035096 14182121 13982635 15356182 16388921 70944955 12132474 58812481 320 206 167 693 0 70316 105310 80016 -13834 9242 251050 71196698 0.82610 0.87260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 808901 568747 240154 1119407 1114653 4754 231874 231874 244908 DUE TO RELATED PARTIES 10000 10000 X 17956954 6804 1549247 1556051 16400903 16400903 20154029 1786900 1939704 3726604 16427425 16427425 Part X : FIN48 Footnote HOPEs application of ASC 740 regarding uncertain tax positions had no effect on its financial position as management believes HOPE has no material unrecognized income tax benefits, including any potential risk of loss of its not-for-profit status. HOPE would account for any potential interest or penalties related to possible future liabilities for unrecognized income tax benefits as income tax expense. HOPE is no longer subject to examination by federal, state or local tax authorities for periods before 2016. Part XII, Line 2d: Other expenses and losses per audited F/S BAD DEBT $1939704 GAUTANG PROVINCE 1 1 FINANCIAL LITERACY BOOF PROGRAMS IN SCHOOLS 80281 WESTERN CAPE PROVINCE 1 1 FINANCIAL LITERACY BOOF PROGRAM IN SCHOOLS 29834 SOUTH AFRICA JOHANNESBURG 1 1 FINANCIAL LITERACY BOOF PROGRAM SCHOOLS 3421 3 3 3 3 113536 113536 false false false false false false true 0 0 CLIENT ASSISTANCE HOMEBUYING 692 1290749 FMV Grantmaker's Description of How Grants are Used Operation HOPE created a partnership with Fulton Financial Services to provide down payment and closing assistance to low and moderate-income individuals purchasing residential real estate. HOPE will accept referrals from Fulton Financial or other sources. The primary geographical area includes but not limited to Maryland, New Jersey, Pennsylvania and Virginia. The referral applications are reviewed by a HOPE Program manager to determine eligibility and amount of assistance to be provided, which ranges from $1,000 to $2,500. An acceptance letter is generated and returned to the referral source. The referral partner then provides wiring instructions from the closing attorney through secured email. HOPEs accounting department will then create a wire in a bank account maintained at Fulton Bank. Once the wire is entered, an approval code is sent to the CFO. The CFO will then approve the wire and release of funds to the closing attorney. true X X X X false false false false false false false false false false ANITA WARD EVP/CTO 220776 37500 14294 272570 DAVE MATTHEWS COO/CFO 222959 13 222972 JOHN BRYANT Chairman/CEO 290000 217500 8031 19658 535189 RACHAEL DOFF SEVP/CAO 170325 37500 3635 17996 229456 JOHN BRYANT FOUNDER, CHAIR, CEO 31868 SEE PART V false JOHN BRYANT FOUNDER, CHAIR, CEO 25000 SEE PART V false Schedule L, Part V Supplemental Information The Founder, Chairman & CEO of HOPE is an author, and HOPE will use his books as part of their program. HOPE purchased books from the publishing company at a discounted rate equal to the authors rate. The amount spent in 2017 was $31,868 for 1,250 books.HOPE received $25,000 in membership from The Promise Homes Company (TPHC) in 2017. As a member, TPHC provided their residents with access to HOPEs financial coaching services. The Founder, Chairman and CEO of Operations for HOPE served in a similar capacity with TPHC, which is an owner of single-family residential properties for working class and middle-class communities. He along with two other employees of HOPE are also employees of THPC and receive compensation from TPHC. There is also an individual that serves on both boards. Form 990, Part III, Line 2: New Services In 2017, Operation hope accounted for a new program. The closing cost assistance program (CCAP) provides financial assistance to cover a portion of eligible participants' closing costs. Form 990, Part VI, Line 11b: Form 990 Review Process THE 990 IS REVIEWED AND APPROVED BY THE CFO PRIOR TO SUBMISSION TO THE GOVERNING BOARD FOR FINAL APPROVAL BEFORE FILING. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Directors are requested to notify the full board if any conflicts of interest arises, which are handled on a case by case basis. annually the board is surveyed for any potential conflicts of interest. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management the compensation committee of the board of directors reviews the compensation annually for the CEO, president, and coo. CEO has an employment contract that is reviewed on a periodic basis. in 2016, Hope conducted an outside independent salary survey to confirm salaries for the organization Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees the compensation committee of the board of directors reviews the compensation annually for the CEO, president, and coo. CEO has an employment contract that is reviewed on a periodic basis. in 2016, Hope conducted an outside independent salary survey to confirm salaries for the organization Form 990, Part VI, Line 19: Other Organization Documents Publicly Available THE ORGANIZATION'S ACCOUNTANT PROVIDES A COPY OF FORM 990 SPECIFICALLY FOR PUBLIC INSPECTION. THE ORGANIZATION POSTS A COPY OF FORM 990 TO GUIDESTAR.ORG. THIS COPY IS ALSO AVAILABLE UPON REQUEST. Other Changes In Net Assets Or Fund Balances - Other Decreases BAD DEBT = -$1939704 HOPE ADVISORS LLC 707 WILSHIRE BLVD SUITE 3030 LOS ANGELES CA 90017 208380765 CONSULTING CA OPERATION HOPE INC false false false false false false false false false false false false false false false false false false false