2012-08-13T08:54:21-05:00 2011-12-31 371335003 ECK SCHAFER & PUNKE LLP 600 E Adams St Springfield IL 627011624 990 2011-01-01 371387014 TSP - Hope Inc TSP- 2172067690 1507 E Cook Springfield IL 62703 Guerry Suggs 2172067690 2012-07-20 1 Brent Leach P00331592 2175251111 2012-06-22 2011 2016-02-24 21:20:13Z Guerry Suggs 1507 E Cook Springfield IL 62703 257184 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 14 14 1 14 0 0 324096 141109 16226 55556 0 0 95140 60519 435462 257184 0 0 0 0 99499 103421 0 0 0 169855 114431 269354 217852 166108 39332 959319 789695 582262 373306 377057 416389 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 59153 85733 Program activities relating to the purchase, rehab/building, and selling of homes. 99706 Providing one-on-one counseling for foreclosure,homeownership, and related issues. 158859 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 0 1 4 0 1 1 1 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0 0 IL X Ronald Fafoglia 2172067690 1507 East Cook Springfield IL 62708 Guerry Suggs 1.00 X X 0 0 0 Donna Jones 1.00 X X 0 0 0 Leroy Wehrle 1.00 X X 0 0 0 Larry Golden 1.00 X X 0 0 0 Paul Caselton 1.00 X 0 0 0 Pastor Paul W Davis 1.00 X 0 0 0 Sandra Kay Douglas 1.00 X 0 0 0 Sal Figueras 1.00 X 0 0 0 Helen Bailey 1.00 X 0 0 0 James Graham 1.00 X 0 0 0 Bud O'Shea 1.00 X 0 0 0 Betty Starks 1.00 X 0 0 0 Stephanie Verardi 1.00 X 0 0 0 Letitia Dewith-Anderson 1.00 X 0 0 0 Ronald Fafoglia 40.00 X 72499 0 25286 72499 0 25286 0 0 0 0 0 59774 81335 141109 Contractor profit 230000 55556 55556 55556 30342 30342 30342 30342 Gain on sale of houses 900099 30048 30048 Miscellaneous 900099 129 129 30177 257184 85733 0 30342 97785 92896 4889 5636 5354 282 13919 6960 6959 91 91 2336 1077 1259 4939 1976 2963 47 35 12 22920 11460 11460 22673 2267 20406 15966 7983 7983 World Changers 22817 22817 Miscellaneous 3578 2148 1430 Supplies & maintenance 3376 2026 1350 Credit counseling 1769 1769 217852 158859 58993 0 19375 13822 50072 48483 2730 0 753505 160872 615306 592633 271836 134757 959319 789695 1320 4289 37500 357248 319112 186194 49905 582262 373306 X 181947 221279 195110 195110 377057 416389 959319 789695 39332 0 X 0 1 1 X 0 X 145381 169903 190421 324096 141109 970910 216653 44094 16226 55556 332529 362034 213997 190421 340322 196665 1303439 0 0 0 1303439 81823 85093 88502 76956 30342 362716 81823 85093 88502 76956 30342 362716 715 355 658 151 129 2008 444572 299445 279581 417429 227136 1668163 0.78140 0.77060 0.21740 0.22790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15000 15000 663719 115584 548135 5428 5428 69358 45288 24070 592633 Rehab houses in process 134757 134757 Payroll related liabilities 2905 Lines-of-credit 47000 49905 257184 217852 39332 39332 257184 0 257184 0 257184 217852 0 217852 0 217852 Description of Uncertain Tax Positions Under FIN 48: Part X: The 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, 2011 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 2008 are open, by statute, for review by authorities. Form 990, Part VI, Section A, line 8a TSP-Hope did not maintain board minutes during a portion of 2011. They are working to resolve this issue in 2012. 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.