2014-10-29T13:13:27-05:00 2013-12-31 371335003 ECK SCHAFER & PUNKE LLP 600 E Adams St Springfield IL 627011624 990 2013-01-01 371387014 TSP - Hope Inc TSP- 2177533551 1011 South Second Street Springfield IL 62704 Tim Rowles Executive Director 2177533551 2014-10-17 1 Brent Leach P00331592 2175251111 2014-10-17 2013 2015-11-30 17:44:51Z X Tim Rowles 1011 South Second Street Springfield IL 62704 105663 0 X N/A X 1999 IL To purchase, rehab/build & resale homes to revitalize neighborhoods and to provide counseling for homeownership, foreclosure, and related issues 15 15 1 15 0 0 127196 64351 10671 40041 0 0 246 1271 138113 105663 0 0 0 0 112159 87611 0 0 0 285944 38755 398103 126366 -259990 -20703 170651 144416 14252 8720 156399 135696 X The mission of TSP-Hope, Inc. is to unite Springfield as a community working to improve the quality of life in our neighborhoods. TSP-Hope, in collaboration with other agencies, will promote neighborhood revitalization by developing safe affordable housing and facilitating successful homeownership through education and neighborhood programs. 0 0 35732 41312 Program activities relating to the purchase, rehab/building, and selling of homes. 65854 Providing one-on-one counseling for foreclosure, homeownership, and related issues. 101586 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 0 0 0 0 0 1 4 0 1 1 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 IL X The Organization 2177533551 1011 South Second Street Springfield IL 62704 Stephanie Verardi President 1.00 X X 0 0 0 Leroy Wehrle Treasurer 1.00 X X 0 0 0 James Graham Secretary 1.00 X X 0 0 0 Paul Caselton Director 1.00 X 0 0 0 Pastor Paul W Davis Director 1.00 X 0 0 0 Sandra Kay Douglas Director 1.00 X 0 0 0 Helen Bailey Director 1.00 X 0 0 0 Dale Aldrich Director 1.00 X 0 0 0 Bud O'Shea Director 1.00 X 0 0 0 Betty Starks Director 1.00 X 0 0 0 Guerry Suggs Director 1.00 X 0 0 0 Carteiz Fowler Sr Director 1.00 X 0 0 0 Larry Golden Director 1.00 X 0 0 0 Tom Hutchison Director 1.00 X 0 0 0 Tom Lex Director 1.00 X 0 0 0 Ronald Fafoglia Executive Director 40.00 X 69712 0 11382 69712 0 11382 0 0 0 0 0 28634 35717 64351 Contractor profit 230000 40041 40041 40041 Miscellaneous 900099 1271 1271 1271 105663 41312 0 0 82208 78098 4110 5403 5133 270 11872 5936 5936 2021 841 1180 11809 4724 7085 998 499 499 82 8 74 9828 4914 4914 Supplies & maintenance 1383 830 553 Miscellaneous 399 240 159 Credit counseling 363 363 126366 101586 24780 0 61 19813 1044 21015 0 3028 2905 205 123 129618 143188 170651 144416 660 0 10417 0 3175 8720 14252 8720 X -38711 -59414 195110 195110 156399 135696 170651 144416 -20703 0 X 0 1 X 1 0 X 190421 324096 141109 127196 64351 847173 16226 55556 10671 40041 122494 190421 340322 196665 137867 104392 969667 0 0 0 969667 88502 76956 30342 195800 88502 76956 30342 195800 658 151 129 246 1271 2455 279581 417429 227136 138113 105663 1167922 0.83020 0.79260 0.16760 0.20630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3028 2905 123 123 Rehab houses in process 143188 143188 Payroll related liabilities 3590 Line of Credit 5130 8720 X 105663 0 105663 0 105663 126366 0 126366 0 126366 Part X, Line 2: HOPE follows accounting principles generally accepted in the United States of America which sets a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Tax positions for the open tax years as of December 31, 2013 were reviewed, and it was determined that no provision for uncertain tax position is required. HOPEs information income tax returns for years subsequent to fiscal year 2009 are open, by statute, for review by authorities. Form 990, Part VI, Section A, line 8b There are no committees that have the authority to act on behalf of the governing body, therefore no required meeting documentation was maintained. Form 990, Part VI, Section B, line 11 The form 990 is reviewed by the Executive Director and the finance committee before it is filed. Form 990, Part VI, Section B, line 12c All board members are required to disclose applicable conflicts of interest on an annual basis. Form 990, Part VI, Section B, line 15a The Executive Director's salary is reviewed and approved by both the Finance Committee and Executive Committee. The organization has no other employees and officers/board members are not compensated. Form 990, Part VI, Section C, line 19 All documents available upon request.