2014-06-20T06:48:35-07:00 2013-12-31 Carpenter Evert & Associates 7760 France Ave S 940 Bloomington MN 55435 990 2013-01-01 411292817 HOPE COMMUNITY INC HOPE 6128748867 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 MARY KEEFE Executive Direc 2014-06-20 true Neal O Evert P00046853 9528310085 2013 2015-11-30 17:44:51Z MARY KEEFE 611 EAST FRANKLIN AVENUE Minneapolis MN 55404 2072967 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. 16 16 19 128 0 891457 1500712 461077 453244 83039 87450 36423 31561 1471996 2072967 0 0 682990 752324 0 159325 941000 979001 1623990 1731325 -151994 341642 9746117 10226689 3666181 3713961 6079936 6512728 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 the vision is to be a nationally recognized model for urban community transformation in areas of engagement, neighborhood redevelopment and affordable housing. false false 812476 Asset Management- Hope currently manages 173 affordable rental units that provide housing for 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, funders, government partners, neighbors, community members and many others are rooted in respect and mutual accountability. 532147 Community Engagement-Hope 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). Young children learn to read and write in a community-based literacy program and learn about growing and eating healthy food. Adults learn, lead and network in parent learning groups, gardening and food access and a bike transportation group. 94415 Real Estate Development-Hope has built or rehabbed 173 rental units in the past 20 years and developed 25,000 sq. ft. of community commercial spaces. The South Quarter project was launched and has transformed the area bringing much-needed housing, new businesses and space for the community to gather. The overall South Quarter project will include 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. 1439038 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 true false false false true false false false false false true 35 0 true 19 true false false false false false false false false 0 false false false false false false false false false false X 16 16 false true false false false false false true true false false true true true true true true true true true true 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 ATIKA TYNER Director 2.00 0.00 X 0 0 0 JAKE VIRDEN 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 66543 0 6553 66543 6553 0 false false false 0 32361 1468351 58980 1500712 PROGRAM FEES 532000 19520 19520 RENTAL INCOME 532000 433724 433724 453244 87450 87450 0 0 0 0 0 0 0 MISCELLANEOUS 31561 31561 31561 2072967 453244 119011 X 0 0 0 0 73096 50436 10964 11696 0 560434 384297 83780 92357 0 74165 48553 13238 12374 44629 30075 7109 7445 0 0 0 0 0 0 180017 156293 4468 19256 0 7656 5210 1160 1286 266 75 40 151 0 43959 41194 1139 1626 1227 456 621 150 0 0 111467 111467 0 239743 237093 1469 1181 29031 25397 3139 495 Operating & Maintenance 178488 178488 PROGRAM Services 53056 53056 Utilities 52189 52189 real Estate Taxes 35497 35497 46405 29262 5835 11308 1731325 1439038 132962 159325 477190 542511 43394 58062 9421 219336 5812 18219 0 0 2046223 2046223 0 72813 30203 5780721 2078232 3883774 3702489 267414 361998 0 0 62347 57842 2877729 3189806 9746117 10226689 86402 109851 3400942 3404349 178837 199761 3666181 3713961 X 5981920 6159717 28016 277011 70000 76000 6079936 6512728 9746117 10226689 341642 91150 X false true X true false X 1359133 1787223 1865520 891457 1500712 7404045 0 0 1359133 1787223 1865520 891457 1500712 7404045 1263573 6140472 102808 85887 84336 83039 87450 443520 0 28424 12925 41084 36423 31561 150417 7997982 0.76780 0.82040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 327697 327697 2567053 830611 1736442 2652609 1056776 1595833 233362 190845 42517 3702489 ACCRUED INTEREST RECEIVABLE 787416 CONSTRUCTION IN PROGRESS 1847973 Deferred Developer Fee 238811 Due from Limited Partnership 90999 Investment in Limited Partnership 188001 Rounding 1 Unemployment Services Trust 36605 3189806 ACCRUED INTEREST PAYABLE 116735 COPIER CAPITAL LEASE 24356 TENANTS' DEPOSITS 58670 199761 X 2253990 181023 181023 2072967 2072967 1912348 181023 181023 1731325 1731325 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 X 1 58980 Fair Market Value false false false 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