2016-08-03T11:28:23-07:00 2015-12-31 Carpenter Evert & Associates 7760 France Ave S 940 Bloomington MN 55435 990 2015-01-01 411292817 HOPE COMMUNITY INC HOPE 6128748867 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 MARY KEEFE Executive Direc 2016-08-03 true Neal O Evert P00046853 9528310085 2015 2016-12-15 16:53:06Z MARY KEEFE 611 EAST FRANKLIN AVENUE Minneapolis MN 55404 2526303 false false 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 24 253 0 904356 1922708 448481 450900 87294 87845 134264 64850 1574395 2526303 0 0 807108 808729 0 126946 1185912 1168181 1993020 1976910 -418625 549393 9005476 8924002 2861487 2225799 6143989 6698203 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. false false 918778 Asset and Property Management Hope currently manages 173 affordable rental units that provide housing for more than 475 residents. 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 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. 730742 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: Hope's 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. This work is not about Hope doing for people; it is about people doing for themselves. 63907 Real Estate Development Hope Communitys work over the last 20 years has featured an innovative, entrepreneurial approach to community development. Hope has developed a critical mass of housing, indoor and outdoor community space (including Hopes offices and community center), and two neighborhood businesses that are changing the face of a formerly devastated neighborhood. 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 community gardening space in the blocks around Franklin and Portland. In the fall of 2015, we opened, with development partner at Aeon, The Rose, a 90-unit mixed-income housing development, that a part of the South Quarter on all four corners of the Portland and Franklin intersection. Hope and Aeon co-own the development, and Hope owns another 50 units of rental housing in the immediate area. 1713427 true true false false false false false false false false true false false true true true false false false false false false false false false false false false false false false false false false false false true false false false false false false false false true false false false false false true 36 0 true 24 true false false false false false false false false 0 false false false false false false false false false false X 15 15 false true false false false false false true true false false true true true true true true true true true true MN X X Mary Keefe 6128748867 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 PAUL LEIGHTON Director 2.00 0.00 X 0 0 0 STEVE SHAPIRO Director 2.00 0.00 X 0 0 0 CLINT HEWITT Director 2.00 0.00 X 0 0 0 CLAIRE CHANG Treasurer 2.00 0.00 X 0 0 0 PATRICIA CUMMINGS Director 2.00 0.00 X 0 0 0 CECILE BEDOR Director 2.00 0.00 X 0 0 0 JODY JONAS Director 2.00 0.00 X 0 0 0 HEIDI LASLEY BARAJAS Chair 2.00 0.00 X X 0 0 0 MARIA MCLEMORE Director 2.00 0.00 X 0 0 0 SHARON SAYLES BELTON Director 2.00 0.00 X 0 0 0 ANNE BARRY Treasurer 2.00 0.00 X X 0 0 0 CATHY SMITH Director 2.00 0.00 X 0 0 0 BROCKMAN SCHUMACHER Secretary 2.00 0.00 X X 0 0 0 MARIA PABON Director 2.00 0.00 X 0 0 0 MUNA ABDIRAHMAN Director 2.00 0.00 X 0 0 0 MARY KEEFE Executive Dir. 40.00 0.00 X 75914 0 1209 75914 1209 0 false false false 0 34000 1888708 13084 1922708 PROGRAM FEES 532000 18893 18893 RENTAL INCOME 532000 432007 432007 450900 87845 87845 0 0 0 0 0 0 0 MISCELLANEOUS 64850 64850 64850 2526303 450900 152695 X 0 0 0 0 77124 53215 11569 12340 0 621212 461951 90521 68740 0 59608 44409 8584 6615 50785 37738 7370 5677 0 0 0 0 0 0 269457 253851 4052 11554 0 13304 9793 2304 1207 3382 2537 461 384 0 40936 38291 1223 1422 684 321 353 10 0 0 118254 118254 0 244175 240874 1851 1450 39823 37187 1491 1145 Operating & Maintenance 232993 232993 PROGRAM Services 62097 62097 Utilities 51046 51046 real Estate Taxes 34299 34299 57731 34571 6758 16402 1976910 1713427 136537 126946 629645 660087 69130 564984 21475 199179 30531 69955 0 0 2046223 2046223 0 10155 10263 5853204 2550381 3488404 3302823 417913 306518 0 0 53337 48832 2238663 1715138 9005476 8924002 124405 167255 15000 15000 2650469 1977997 71613 65547 2861487 2225799 X 5913250 5865259 148739 742944 82000 90000 6143989 6698203 9005476 8924002 549393 4821 X false true X true false X 1865520 891457 1500712 1055468 1922708 7235865 0 0 1865520 891457 1500712 1055468 1922708 7235865 1167222 6068643 84336 83039 87450 87294 87845 429964 0 41084 36423 31561 18356 64850 192274 7858103 0.77230 0.79100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 327697 327697 2567053 956945 1610108 2710587 1379805 1330782 247867 213631 34236 3302823 ACCRUED INTEREST RECEIVABLE 941475 CONSTRUCTION IN PROGRESS 233754 Deferred Developer Fee 154904 Due from Limited Partnership 90284 Investment in Limited Partnership 259935 Unemployment Services Trust 34786 1715138 COPIER CAPITAL LEASE 1289 TENANTS' DEPOSITS 64258 65547 X 2703645 4821 172521 177342 2526303 2526303 2149431 172521 172521 1976910 1976910 Part IV, Line 2b: Explanation of escrow account liability 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 : FIN48 Footnote 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. Fostering Hope Partnership Mgmt and operating costs X 13159 false true true Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company AEON MANAGEMENT HAS BEEN CONTRACTED TO MANAGE PROPERTIES OWNED BY HOPE AND FRANKLIN PORTLAND GATEWAY LIMITED PARTNERSHIPS. Form 990, Part VI, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts DIRECTOR OF FINANCE ENSURES THAT ALL CONFLICT OF INTEREST QUESTIONNAIRES ARE COMPLETED, REVIEWS THEM FOR CONFLICTS AND SUBMITS TO THE EXECUTIVE DIRECTOR AND BOARD FOR REVIEW ANY QUESTIONNAIRES THAT DISCLOSES ACTUAL OR POTENTIAL CONFLICTS. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management 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, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available 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 N/A DUNDRY HOUSE LLC 611 East Franklin Avenue Minneapolis MN 55404 274944226 Acquire and lease affordable housing MN N/A false false false false false false false false false false false false false false false false false false false