2015-06-30T04:52:45-07:00 2014-12-31 Carpenter Evert & Associates 7760 France Ave S 940 Bloomington MN 55435 990 2014-01-01 411292817 HOPE COMMUNITY INC HOPE 6128748867 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 MARY KEEFE Executive Direc 2015-06-30 true Neal O Evert P00046853 9528310085 2014 2016-03-07 17:11:31Z MARY KEEFE 611 EAST FRANKLIN AVENUE Minneapolis MN 55404 1609599 false false X WWW.HOPE-COMMUNITY.ORG X 1977 MN TO BE A CATALYST FOR CHANGE, GROWTH, SAFETY AND BUILDING A SUSTAINABLE NEIGHBORHOOD MODEL THROUGH COOMMUNITY ORGANIZATION, ACTIVE EDUCATION, LEADERSHIP AND AFFORDABLE HOUSING DEVELOPMENT. 17 17 18 175 0 1500712 904356 453244 448481 87450 87294 31561 134264 2072967 1574395 0 0 752324 807108 0 129244 979001 1185912 1731325 1993020 341642 -418625 10226689 9005476 3713961 2861487 6512728 6143989 TO BE A CATALYST FOR CHANGE, GROWTH, SAFETY AND BUILDING A SUSTAINABLE NEIGHBORHOOD MODEL THROUGH COOMMUNITY ORGANIZATION, ACTIVE EDUCATION, LEADERSHIP AND AFFORDABLE HOUSING DEVELOPMENT. Additionally its vision is to be a nationally recognized model for urban community transformation in areas of engagement, neighborhood redevelopment and affordable housing. false false 928246 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. 707976 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. 95370 Real Estate Development Hope has built or rehabilitated 173 rental units in the past 20 years (85% of which are affordable rental homes) and, in addition, developed 25,000 sq. ft. of community and commercial spaces. Hope conceived and launched (in partnership with Aeon) a redevelopment vision to bring life to a highly-visible and abandoned intersection. The South Quarter project has transformed the area bringing much-needed housing, new businesses and space for the community to gather. The overall South Quarter project includes over 250 new units on all four corners of the strategic intersection at Portland and Franklin Avenues in Minneapolis and honors diversity, affordability and economic opportunity, all central to Hope's vision for neighborhood revitalization. Hope owns an additional 47 units of affordable housing in smaller and rehabbed buildings on the Hope Block adjacent to the South Quarter. Community garden space, a picnic pavilion and brightly colored playgrounds in the midst of Hope housing encourage children, adults and families to gather as neighbors. In the last few years Hope has raised $3 million for improvements to the older buildings, as well as common area improvements including refurbishing of play areas, picnic pavilion and storm water drainage. 1731592 true true false false false false false false false false true false false true true true false false false false false false false false true 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 50 0 true 18 true false false false false false false false false 0 false false false false false false false false false false X 17 17 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 DAVID NEWMAN Treasurer 2.00 0.00 X 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 Director 2.00 0.00 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 91368 0 1150 91368 1150 0 false false false 0 27500 876856 17977 904356 PROGRAM FEES 532000 23535 23535 RENTAL INCOME 532000 424946 424946 448481 87294 87294 0 0 0 0 115708 35204 80504 80504 0 0 MISCELLANEOUS 53760 53760 53760 1574395 448481 221558 X 0 0 0 0 92518 63837 13878 14803 0 599101 452560 84076 62465 0 64362 47610 8841 7911 51127 37609 7240 6278 0 0 0 0 0 0 257858 237345 4620 15893 0 14941 10979 1979 1983 210 210 0 64568 62013 1052 1503 841 696 66 79 0 0 113816 113816 0 242254 239370 1599 1285 35288 31571 3045 672 Operating & Maintenance 267659 267659 Utilities 55867 55867 PROGRAM Services 54338 54338 real Estate Taxes 34222 34222 44050 22100 5788 16162 1993020 1731592 132184 129244 542511 629645 58062 69130 219336 21475 18219 30531 0 0 2046223 2046223 0 30203 10155 5799115 2310711 3702489 3488404 361998 417913 0 0 57842 53337 3189806 2238663 10226689 9005476 109851 124405 15000 3404349 2650469 199761 71613 3713961 2861487 X 6159717 5913250 277011 148739 76000 82000 6512728 6143989 10226689 9005476 -418625 49886 X false true X true false X 1787223 1865520 891457 1500712 1055468 7100380 0 0 1787223 1865520 891457 1500712 1055468 7100380 1034307 6066073 85887 84336 83039 87450 87294 428006 0 12925 41084 36423 31561 18356 140349 7668735 0.79100 0.76780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 327697 327697 2567053 893778 1673275 2671015 1217616 1453399 233350 199317 34033 3488404 ACCRUED INTEREST RECEIVABLE 867670 CONSTRUCTION IN PROGRESS 865000 Deferred Developer Fee 197258 Due from Limited Partnership 90909 Investment in Limited Partnership 188001 Rounding 1 Unemployment Services Trust 29824 2238663 COPIER CAPITAL LEASE 13007 TENANTS' DEPOSITS 58606 71613 X 1789950 49886 165669 215555 1574395 1574395 2158689 165669 165669 1993020 1993020 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. X X X X X X X true MN Fall Fundraiser 115708 115708 15832 1050 18322 115708 115708 15832 1050 18322 35204 80504 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 Completed Form 990 will be presented to board for review and approval at a scheduled meeting or via e-mail. 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