HOPE COMMUNITY INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
HOPE COMMUNITY INC (EIN 41-1292817)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-08-07
IRS object ID
201232209349300928
Schema version
2011v1.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-08-07T12:45:05-07:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Carpenter Evert & AssociatesBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line17760 France Ave S 940AddressLine1
CityBloomingtonCity
StateMNState
ZIP Code55435ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN411292817EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1HOPE COMMUNITY INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlHOPENameControl
Phone6128748867Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1611 EAST FRANKLIN AVENUEAddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55404ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMARY KEEFEName
TitleExecutive DirecTitle
Date Signed2012-08-07DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameNeal O EvertName
Phone9528310085Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonMARY KEEFENameOfPrincipalOfficerPerson
Gross Receipts2493528GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
All Affiliates IncludedfalseAllAffiliatesIncluded
Organization501c3XOrganization501c3
Web SiteWWW.HOPE-COMMUNITY.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1977YearFormation
State Legal DomicileMNStateLegalDomicile
Activity Or Mission DescriptionTO BE A CATALYST FOR CHANGE, GROWTH, SAFETY AND BUILDING A SUSTAINABLE NEIGHBORHOOD MODEL THROUGH COOMMUNITY ORGANIZATION, ACTIVE EDUCATION, LEADERSHIP AND AFFORDABLE HOUSING DEVELOPMENT.ActivityOrMissionDescription
Nbr Voting Members Governing Body17NbrVotingMembersGoverningBody
Nbr Independent Voting Members17NbrIndependentVotingMembers
Total Nbr Employees17TotalNbrEmployees
Total Nbr Volunteers124TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year1787223ContributionsGrantsPriorYear
Contributions Grants Current Year1865520ContributionsGrantsCurrentYear
Program Service Revenue Prior Year633590ProgramServiceRevenuePriorYear
Program Service Revenue CY502588ProgramServiceRevenueCY
Investment Income Prior Year85887InvestmentIncomePriorYear
Investment Income Current Year84336InvestmentIncomeCurrentYear
Other Revenue Prior Year12925OtherRevenuePriorYear
Other Revenue Current Year41084OtherRevenueCurrentYear
Total Revenue Prior Year2519625TotalRevenuePriorYear
Total Revenue Current Year2493528TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year724739SalariesEtcPriorYear
Salaries Etc Current Year672538SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year161268TotalFundrsngExpCurrentYear
Other Expense Prior Year1099682OtherExpensePriorYear
Other Expenses Current Year1059956OtherExpensesCurrentYear
Total Expenses Prior Year1824421TotalExpensesPriorYear
Total Expenses Current Year1732494TotalExpensesCurrentYear
Revenues Less Expenses Prior Year695204RevenuesLessExpensesPriorYear
Revenues Less Expenses CY761034RevenuesLessExpensesCY
Total Assets BOY9661061TotalAssetsBOY
Total Assets EOY9895277TotalAssetsEOY
Total Liabilities BOY4220038TotalLiabilitiesBOY
Total Liabilities EOY3694172TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY5441023NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY6201105NetAssetsOrFundBalancesEOY
Mission DescriptionTO 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.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense821396Expense
DescriptionAsset Management- Hope Community currently owns 173 affordable rental units that provide housing for 424 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. Hope Community's properties are managed by a professional management company.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense508092Expense
DescriptionCommunity Engagement-Hope is known for its extensive community engagement work. Through Hope, youth and adults create possibility for themselves and their community. In 2011, Hope involved over 500 youth and adults in classes, meetings and community gatherings. Partnerships and volunteers bring important resources to Hope's work. Our community engagement work is not just about programs for Hope residents but strategicallyy designed to engage and impact the broader community.Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense116173Expense
DescriptionReal Estate Development-Hope Community has built or rehabilitated 173 rental units in the past 20 years (85% affordable) and, in addition, developed 25,000 sq.ft. of commercial spaces. Hope, partnering with a neighboring non-profit development organization, conceived and launched a redevelopment vision to bring life to an abandoned intersection. The Franklin-Portland Gateway project has transformed our area bringing much-needed housing, new businesses and space for the community to gather.Description
FieldValueIRS element (for citing)
Total Program Service Expense1445661TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingtrueCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetstrueReportOtherAssets
Report Other LiabilitiestrueReportOtherLiabilities
Report Fin48 FootnotetrueReportFin48Footnote
Independent Audit Financial StmttrueIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Invest Tax Exempt BondsfalseInvestTaxExemptBonds
Escrow AccountfalseEscrowAccount
On Behalf Of IssuerfalseOnBehalfOfIssuer
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPtrueLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntitytrueDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With109632NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees17NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Form990-T FiledfalseForm990-TFiled
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Form8886 T FiledfalseForm8886TFiled
Non Deductible ContributionsfalseNonDeductibleContributions
Non Deductible DisclosurefalseNonDeductibleDisclosure
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Quid Pro Quo DisclosurefalseQuidProQuoDisclosure
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Number Of8282 Filed0NumberOf8282Filed
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Form8899 FiledfalseForm8899Filed
Form1098 C FiledfalseForm1098CFiled
Excess Business HoldingsfalseExcessBusinessHoldings
Taxable DistributionsfalseTaxableDistributions
Distribution To DonorfalseDistributionToDonor
Filed Lieu1041falseFiledLieu1041
Licensed More Than One StatefalseLicensedMoreThanOneState
Indoor Tanning ServicesfalseIndoorTanningServices
Form720 FiledfalseForm720Filed
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members17NbrVotingGoverningBodyMembers
Number Independent Voting Members17NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiestrueDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Policies Reference ChaptersfalsePoliciesReferenceChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturetrueInvestmentInJointVenture
Written Policy Or ProceduretrueWrittenPolicyOrProcedure
States Where Copy Of Return Is FiledMNStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonMary KeefeNamePerson
Telephone Number6128748867TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1611 EAST FRANKLIN AVENUEAddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55404ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (18 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficerKey EmployeeKeyEmployee
JAKE VIRDEN
Director2.00X000
PAUL LEIGHTON
Director2.00X000
BROCKMAN SCHUMACHER
Director2.00X000
STEPHANIE BATTLE
Director2.00X000
ROLAND WELLS
Director2.00X000
ANNE BARRY
Director2.00X000
SHARON SAYLES BELTON
Director2.00X000
PATRICIA MULLEN
Director2.00X000
TIA WILLIAMS
Director2.00X000
MARIA MCLEMORE
Director2.00X000
HEIDI LASLEY BARAJAS
Director2.00X000
CECILE BEDOR
Director2.00X000
STEVE SHAPIRO
Director2.00X000
JODY JONAS
Secretary2.00000X
PATRICIA CUMMINGS
CO-CHAIR2.00000X
DAVID NEWMAN
Treasurer2.00000X
CLINT HEWITT
CO-CHAIR2.00000X
Mary Keefe
Executive Director40.004354008190X
FieldValueIRS element (for citing)
Total Reportable Comp From Org43540TotalReportableCompFromOrg
Total Other Compensation8190TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
Government Grants902881GovernmentGrants
All Other Contributions962639AllOtherContributions
Total Contributions1865520TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
RENTAL INCOME532000393255393255
PROGRAM FEES532000109333109333
FieldValueIRS element (for citing)
Total Program Service Revenue502588TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column84336TotalRevenueColumn
Exclusion$84,336ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionMISCELLANEOUSDescription
Total Revenue Column41084TotalRevenueColumn
Exclusion$41,084ExclusionAmount
FieldValueIRS element (for citing)
Total Other Revenue41084TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column2493528TotalRevenueColumn
Related Or Exempt Function Income502588RelatedOrExemptFunctionIncome
Exclusion$125,420ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total0Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total0Total

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total0Total

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total51729Total
Program Services35552ProgramServices
Management And General8177ManagementAndGeneral
Fundraising8000Fundraising

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total512547Total
Program Services349027ProgramServices
Management And General81824ManagementAndGeneral
Fundraising81696Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total0Total

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total68902Total
Program Services49665ProgramServices
Management And General10314ManagementAndGeneral
Fundraising8923Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total39360Total
Program Services26940ProgramServices
Management And General6215ManagementAndGeneral
Fundraising6205Fundraising

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total0Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total0Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total14443Total
Program Services10953ProgramServices
Management And General304ManagementAndGeneral
Fundraising3186Fundraising

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total0Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total0Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total0Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total189589Total
Program Services152553ProgramServices
Management And General1950ManagementAndGeneral
Fundraising35086Fundraising

Advertising Advertising

FieldValueIRS element (for citing)
Total0Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total9196Total
Program Services3174ProgramServices
Management And General3225ManagementAndGeneral
Fundraising2797Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total0Total

Royalties Royalties

FieldValueIRS element (for citing)
Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total60447Total
Program Services57608ProgramServices
Management And General1175ManagementAndGeneral
Fundraising1664Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total1361Total
Program Services691ProgramServices
Management And General515ManagementAndGeneral
Fundraising155Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total0Total

Interest Interest

FieldValueIRS element (for citing)
Total121582Total
Program Services120445ProgramServices
Management And General1137ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total248283Total
Program Services245363ProgramServices
Management And General1235ManagementAndGeneral
Fundraising1685Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total26410Total
Program Services22929ProgramServices
Management And General2944ManagementAndGeneral
Fundraising537Fundraising

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
Utilities4905949059
Training and Development12886905528181013
real Estate Taxes3244232442
PROGRAM Services5977959396383
Operating & Maintenance211802211802

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total22677Total
Program Services9007ProgramServices
Management And General3732ManagementAndGeneral
Fundraising9938Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total1732494Total
Program Services1445661ProgramServices
Management And General125565ManagementAndGeneral
Fundraising161268Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY483858BOY
EOY276619EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY213143BOY
EOY201405EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY30525BOY
EOY192821EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY10511BOY
EOY157EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

FieldValueIRS element (for citing)
EOY0EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

FieldValueIRS element (for citing)
EOY0EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY2048581BOY
EOY2049239EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
EOY0EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY114049BOY
EOY88923EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis5875486LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec1768591LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY4311869BOY
EOY4106895EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY224541BOY
EOY230589EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
EOY0EOY

Investments Program Related InvestmentsProgramRelated

FieldValueIRS element (for citing)
EOY0EOY

Intangible Assets IntangibleAssets

FieldValueIRS element (for citing)
BOY53979BOY
EOY66852EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY2170005BOY
EOY2681777EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY9661061BOY
EOY9895277EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY87398BOY
EOY102583EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY7500BOY
EOY14000EOY

Escrow Account Liability EscrowAccountLiability

FieldValueIRS element (for citing)
BOY76420BOY
EOY61207EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY3909925BOY
EOY3365122EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY138795BOY
EOY151260EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY4220038BOY
EOY3694172EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY5354300BOY
EOY5940170EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY29723BOY
EOY196935EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY57000BOY
EOY64000EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY5441023BOY
EOY6201105EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY9661061BOY
EOY9895277EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses761034ReconcilationRevenueExpenses
Reconcilation Other Changes-952ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited
Audit CommitteetrueAuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit RequiredfalseFederalGrantAuditRequired
Federal Grant Audit PerformedfalseFederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years2140426CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1266569CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1359133CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1787223CurrentTaxYearMinus1Year
Current Tax Year1865520CurrentTaxYear
Total8418871Total

Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170

FieldValueIRS element (for citing)
Total0Total

Value Srvc Fclts Furnished By Govt ValueSrvcFcltsFurnishedByGovt

FieldValueIRS element (for citing)
Total0Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years2140426CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1266569CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1359133CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1787223CurrentTaxYearMinus1Year
Current Tax Year1865520CurrentTaxYear
Total8418871Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total1125793AmountsSubstContributorsTotal
Public Support Total1707293078PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years96118CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years4217CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years102808CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year85887CurrentTaxYearMinus1Year
Current Tax Year84336CurrentTaxYear
Total373366Total

Net UBI NetUBI

FieldValueIRS element (for citing)
Total0Total

Other Income170 OtherIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years14567CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years17175CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years28424CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year12925CurrentTaxYearMinus1Year
Current Tax Year41084CurrentTaxYear
Total114175Total
FieldValueIRS element (for citing)
Total Support8906412TotalSupport
Public Support Pertcentage1700.81890PublicSupportPertcentage170
Public Support Pertcent Prior Year0.81620PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee EtcfalseAgentTrusteeEtc
Included On FStrueIncludedOnFS

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis173600OtherCostOrOtherBasis
Book Value173600BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis2736857OtherCostOrOtherBasis
Depreciation729785Depreciation
Book Value2007072BookValue

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis2634155OtherCostOrOtherBasis
Depreciation743357Depreciation
Book Value1890798BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis330874OtherCostOrOtherBasis
Depreciation295449Depreciation
Book Value35425BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings4106895TotalOfBookValueLandBuildings

Other Assets OtherAssets (7 entries)

DescriptionDescriptionBook ValueBookValue
Unemployment Services Trust18772
Rounding2
Investment in Limited Partnership188001
Due from Limited Partnership97642
Deferred Developer Fee277689
CONSTRUCTION IN PROGRESS1470747
ACCRUED INTEREST RECEIVABLE628924
FieldValueIRS element (for citing)
Total Book Value Other Assets2681777TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescriptionAmountAmount
TENANTS' DEPOSITS$57,898
COPIER CAPITAL LEASE$2,289
ACCRUED INTEREST PAYABLE$91,073
FieldValueIRS element (for citing)
Total Of Amounts151260TotalOfAmounts
Total Revenue2493528TotalRevenue
Total Expenses1732494TotalExpenses
Excess Or Deficit For Year761034ExcessOrDeficitForYear
Net Unrealized GL On Investments-952NetUnrealizedGLOnInvestments
Total Adjustments-952TotalAdjustments
Excess Or Deficit Per FS760082ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt2634670TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments-952NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities142094DonatedSrvcAndUseOfFacilities
Revenue Not Rptd F990141142RevenueNotRptdF990
Revenue Subtotal2493528RevenueSubtotal
Total Revenue Per Form9902493528TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt1874588TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities142094DonatedServicesUseOfFacilities
Expenses Not Rptd F990142094ExpensesNotRptdF990
Expenses Subtotal1732494ExpensesSubtotal
Total Expenses Per Form9901732494TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Part XPart X : FIN48 FootnoteThe 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.
Part IV, Line 2bPart IV, Line 2b: Explanation of escrow account liabilityHope 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.

Schedule L IRS990ScheduleL

Loan Table LoanTable

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1Fostering Hope PartnershipBusinessNameLine1
FieldValueIRS element (for citing)
Purpose Of LoanMgmt and operating costsPurposeOfLoan
Loan From OrganizationXLoanFromOrganization
Original Principal$13,159OriginalPrincipalAmount
Balance Due16175BalanceDue
DefaultfalseDefault
Approved By BoardtrueApprovedByBoard
Written AgreementtrueWrittenAgreement
FieldValueIRS element (for citing)
Total Balance Due16175TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Form 990, Part VI, Line 19Form 990, Part VI, Line 19: Other Organization Documents Publicly AvailableAVAILABLE UPON REQUEST AND VIA THE CHARITIES REVIEW COUNCIL'S SMART GIVERS NETWORK.
Form 990, Part VI, Line 15bForm 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key EmployeesThe 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 12cForm 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of ConflictsDIRECTOR 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 11Form 990, Part VI, Line 11: Form 990 Review ProcessCompleted Form 990 will be presented to board for review and approval at a scheduled meeting or via e-mail.
Form 990, Part VI, Line 3Form 990, Part VI, Line 3: Description of Delegated Duties to Management CompanyAEON MANAGEMENT HAS BEEN CONTRACTED TO MANAGE PROPERTIES OWNED BY HOPE AND FRANKLIN PORTLAND GATEWAY LIMITED PARTNERSHIPS.

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateTotal IncomeTotalIncomeEOY AssetsEOYAssetsDirect Controlling Entity NADirectControllingEntityNA
DUNDRY HOUSE LLC
611 East Franklin AvenueMinneapolisMN55404274944226Acquire and lease affordable housingMN-539891706266N/A
Hope Block Stabalization Phase 1 LLC
611 East Franklin AvenueMinneapolisMN55404371593246Acquire and lease affordable housingMN-1193181810580N/A
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents RoyaltiesfalseReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other OrgfalseGiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other OrgfalseGiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other OrgfalseLoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other OrgfalseSaleOfAssetsToOtherOrg
Purchase Of Assets From Other OrgfalsePurchaseOfAssetsFromOtherOrg
Exchange Of AssetsfalseExchangeOfAssets
Rental Of Facilities To Other OrgsfalseRentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other OrgsfalseRentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other OrgsfalsePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgsfalsePerformOfServicesByOtherOrgs
Sharing Of FacilitiesfalseSharingOfFacilities
Sharing Of Paid EmployeesfalseSharingOfPaidEmployees
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrg
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrg
Other Transfer To Other OrgfalseOtherTransferToOtherOrg
Other Transfer From Other OrgfalseOtherTransferFromOtherOrg

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.