2012-08-07T12:45:05-07:00 2011-12-31 Carpenter Evert & Associates 7760 France Ave S 940 Bloomington MN 55435 990 2011-01-01 411292817 HOPE COMMUNITY INC HOPE 6128748867 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 MARY KEEFE 2012-08-07 true Neal O Evert 9528310085 2011 2016-02-24 21:20:13Z MARY KEEFE 2493528 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 17 124 0 1787223 1865520 633590 502588 85887 84336 12925 41084 2519625 2493528 0 0 724739 672538 0 161268 1099682 1059956 1824421 1732494 695204 761034 9661061 9895277 4220038 3694172 5441023 6201105 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 821396 Asset 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. 508092 Community 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. 116173 Real 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. 1445661 true true false false false false false false true false true false false true true true true false false false false false false false false 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 32 0 true 17 true false false false false false false false false false false false 0 false false false false false false false false false false false X 17 17 false true false false false false false true true false 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 X JAKE VIRDEN 2.00 X 0 0 0 PAUL LEIGHTON 2.00 X 0 0 0 BROCKMAN SCHUMACHER 2.00 X 0 0 0 STEPHANIE BATTLE 2.00 X 0 0 0 ROLAND WELLS 2.00 X 0 0 0 ANNE BARRY 2.00 X 0 0 0 SHARON SAYLES BELTON 2.00 X 0 0 0 PATRICIA MULLEN 2.00 X 0 0 0 TIA WILLIAMS 2.00 X 0 0 0 MARIA MCLEMORE 2.00 X 0 0 0 HEIDI LASLEY BARAJAS 2.00 X 0 0 0 CECILE BEDOR 2.00 X 0 0 0 STEVE SHAPIRO 2.00 X 0 0 0 JODY JONAS 2.00 X 0 0 0 PATRICIA CUMMINGS 2.00 X 0 0 0 DAVID NEWMAN 2.00 X 0 0 0 CLINT HEWITT 2.00 X 0 0 0 Mary Keefe 40.00 X 43540 0 8190 43540 8190 0 false false false 0 902881 962639 1865520 RENTAL INCOME 532000 393255 393255 PROGRAM FEES 532000 109333 109333 502588 84336 84336 0 0 0 0 0 0 0 MISCELLANEOUS 41084 41084 41084 2493528 502588 125420 0 0 0 0 51729 35552 8177 8000 0 512547 349027 81824 81696 0 68902 49665 10314 8923 39360 26940 6215 6205 0 0 14443 10953 304 3186 0 0 0 189589 152553 1950 35086 0 9196 3174 3225 2797 0 0 60447 57608 1175 1664 1361 691 515 155 0 0 121582 120445 1137 0 248283 245363 1235 1685 26410 22929 2944 537 Utilities 49059 49059 Training and Development 12886 9055 2818 1013 real Estate Taxes 32442 32442 PROGRAM Services 59779 59396 383 Operating & Maintenance 211802 211802 22677 9007 3732 9938 1732494 1445661 125565 161268 483858 276619 213143 201405 30525 192821 10511 157 0 0 2048581 2049239 0 114049 88923 5875486 1768591 4311869 4106895 224541 230589 0 0 53979 66852 2170005 2681777 9661061 9895277 87398 102583 7500 14000 76420 61207 3909925 3365122 138795 151260 4220038 3694172 X 5354300 5940170 29723 196935 57000 64000 5441023 6201105 9661061 9895277 X 761034 -952 X false true true X false false X 2140426 1266569 1359133 1787223 1865520 8418871 0 0 2140426 1266569 1359133 1787223 1865520 8418871 1125793 7293078 96118 4217 102808 85887 84336 373366 0 14567 17175 28424 12925 41084 114175 8906412 0.81890 0.81620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true 173600 173600 2736857 729785 2007072 2634155 743357 1890798 330874 295449 35425 4106895 Unemployment Services Trust 18772 Rounding 2 Investment in Limited Partnership 188001 Due from Limited Partnership 97642 Deferred Developer Fee 277689 CONSTRUCTION IN PROGRESS 1470747 ACCRUED INTEREST RECEIVABLE 628924 2681777 TENANTS' DEPOSITS 57898 COPIER CAPITAL LEASE 2289 ACCRUED INTEREST PAYABLE 91073 151260 2493528 1732494 761034 -952 -952 760082 2634670 -952 142094 141142 2493528 2493528 1874588 142094 142094 1732494 1732494 Part X 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. Part IV, Line 2b 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. Fostering Hope Partnership Mgmt and operating costs X 13159 16175 false true true 16175 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available AVAILABLE UPON REQUEST AND VIA THE CHARITIES REVIEW COUNCIL'S SMART GIVERS NETWORK. Form 990, Part VI, Line 15b 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 12c 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 11 Form 990, Part VI, Line 11: 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 3 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. DUNDRY HOUSE LLC 611 East Franklin Avenue Minneapolis MN 55404 274944226 Acquire and lease affordable housing MN -53989 1706266 N/A Hope Block Stabalization Phase 1 LLC 611 East Franklin Avenue Minneapolis MN 55404 371593246 Acquire and lease affordable housing MN -119318 1810580 N/A false false false false false false false false false false false false false false false false false false