HOPE COMMUNITY INC: Form 990, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- HOPE COMMUNITY INC (EIN 41-1292817)
- Tax period
- 2025-01-01 to 2025-12-31
- Filed
- 2026-08-11
- IRS object ID
- 202622239349301412
- Schema version
- 2025v4.2
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-08-11T11:02:54-05:00 | ReturnTs |
| Tax Period End | 2025-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 411534805 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARPENTER EVERT & ASSOCIATES LTD | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7760 FRANCE AVE S SUITE 940 | AddressLine1Txt |
| City | BLOOMINGTON | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55435 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2025-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411292817 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOPE COMMUNITY INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOPE | BusinessNameControlTxt |
| Phone | 6128748867 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 611 EAST FRANKLIN AVENUE | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55404 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILL DELANEY | PersonNm |
| Person Title | CO-EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 6128748867 | PhoneNum |
| Signature | 2026-08-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | NEAL EVERT | PreparerPersonNm |
| PTIN | P00046853 | PTIN |
| Phone | 9528310085 | PhoneNum |
| Preparation | 2026-08-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | WILL DELANEY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 611 EAST FRANKLIN AVENUE | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55404 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,631,056 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.HOPE-COMMUNITY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1977 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | HOPE COMMUNITY CREATES CONNECTIONS THAT STRENGTHEN THE POWER OF COMMUNITY MEMBERS AND COMMUNITIES. HOPE CULTIVATES COMMUNITY LEADERS, BUILDS COMMUNITY CAPACITY, CARES FOR THE HOUSING AND COMMUNITY SPACE IT DEVELOPS, AND PURSUES EQUITY AND DIVERSITY IN ALL IT DOES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 31 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,483,517 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,675,201 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $919,075 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $899,976 | CYProgramServiceRevenueAmt |
| PY Investment Income | $52,671 | PYInvestmentIncomeAmt |
| CY Investment Income | $21,221 | CYInvestmentIncomeAmt |
| PY Other Revenue | $139,438 | PYOtherRevenueAmt |
| CY Other Revenue | $34,658 | CYOtherRevenueAmt |
| PY Total Revenue | $3,594,701 | PYTotalRevenueAmt |
| CY Total Revenue | $3,631,056 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,858,742 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,867,297 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $166,735 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,246,044 | PYOtherExpensesAmt |
| CY Other Expenses | $2,151,638 | CYOtherExpensesAmt |
| PY Total Expenses | $4,104,786 | PYTotalExpensesAmt |
| CY Total Expenses | $4,018,935 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$510,085 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$387,879 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $11,758,795 | TotalAssetsBOYAmt |
| Total Assets EOY | $11,494,829 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,228,011 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,358,932 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,530,784 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,135,897 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | HOPE COMMUNITY CREATES CONNECTIONS THAT STRENGTHEN THE POWER OF COMMUNITY MEMBERS AND COMMUNITIES. HOPE CULTIVATES COMMUNITY LEADERS, BUILDS COMMUNITY CAPACITY, CARES FOR THE HOUSING AND COMMUNITY SPACES IT DEVELOPS, AND PURSUES EQUITY AND DIVERSITY IN ALL IT DOES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,403,929 | ExpenseAmt |
| Desc | AFFORDABLE HOUSING AND PLACE-BASED COMMUNITY DEVELOPMENT: OVER A 30-YEAR PERIOD, HOPE HAS WORKED WITH MULTIPLE PARTNERS TO DEVELOP 300 HIGH-QUALITY RENTAL UNITS AND 12 AFFORDABLE HOMEOWNERSHIP UNITS; GREENSPACES, PLAY SPACES, AND 7,500 SQUARE FEET OF COMMUNITY GARDENS; HOPE'S OFFICES AND COMMUNITY CENTER; AND COMMERCIAL SPACES FOR NEIGHBORHOOD BUSINESSES. APPROXIMATELY 800 PEOPLE LIVE IN HOPE'S RENTAL HOUSING. SEVENTY-FIVE PERCENT (75%) OF OUR UNITS MEET AFFORDABILITY REQUIREMENTS FOR HOUSEHOLDS LIVING AT 30-50% OF THE AREA MEDIAN INCOME (AMI). HOPE'S HOUSING SUPPORTS HOUSEHOLD STABILITY, WITH THE AVERAGE STAY BEING 7 YEARS. DEMAND FOR HOPE HOUSING IS REPRESENTED BY CONSISTENTLY FULL UNITS, SUGGESTING THAT HOPE HOMES ARE DESIRABLE AND FILL A COMMUNITY NEED.COMMUNITY OWNERSHIP AND ECONOMIC MOBILITY: ELIGIBLE LOW-INCOME RENTERS IN PHILLIPS AND OTHER COMMUNITIES PARTICIPATE IN TRAINING TOWARD A FINANCIAL GOAL: BECOMING OWNER-OCCUPANT LANDLORDS OF SMALL MULTI-FAMILY BUILDINGS. SINCE LAUNCHING IN 2020, HOPE HAS TRAINED 11 COHORT GROUPS WITH 96 PARTICIPANTS IN THIS OPPORTUNITY TO BUILD WEALTH AND PROVIDE AFFORDABLE HOUSING THROUGH SMALL-SCALE NEIGHBORHOOD ENTREPRENEURSHIP. TO DATE, 18 GRADUATES HAVE SUCCESSFULLY PURCHASED THEIR OWN PROPERTIES. ANOTHER 76 GRADUATES HAVE ESTABLISHED A WEALTH-BUILDING MINDSET AND TAKEN SIGNIFICANT STEPS (SUCH AS CREDIT REPAIR) TOWARD THEIR FINANCIAL GOALS.FOOD, LAND, AND COMMUNITY (FLC): NEIGHBORS PLAN, PLANT, TEND, HARVEST, AND DISTRIBUTE FRESH, CULTURALLY RELEVANT PRODUCE TO THE COMMUNITY. USING RESTORATIVE AGRICULTURE TECHNIQUES AND FOLLOWING MUTUAL AID PRINCIPLES, THE PROGRAM FOSTERS FOOD SOVEREIGNTY AND SECURITY, ENVIRONMENTAL JUSTICE, AND CLIMATE HEALTH. IN 2025, NEARLY 150 PARTICIPANTS BUILT COMMUNITY AND TENDED THREE GARDENS TO LEARN, GROW, AND SHARE APPROXIMATELY $7,000 WORTH OF FRESH, NUTRITIOUS FOOD WITH NEARLY 350 NEIGHBORS.YOUTH LEADERSHIP AND CAREER READINESS: YOUTH AGED 8-18 DEVELOP AND PRACTICE SOCIAL-EMOTIONAL, TECHNICAL, AND LIFE SKILLS; EXPLORE ENTREPRENEURISM AND CAREER PATHWAYS; DESIGN AND DEVELOP CREATIVE PROJECTS; AND BUILD STRONG COMMUNITY RELATIONSHIPS WITH PEERS AND MENTORS.IN 2025, OF 150 PARTICIPATING YOUTH, 80% FEEL CONFIDENT USING NEW SKILLS AND 75% HAVE BEEN INVOLVED FOR MORE THAN A YEAR. SIXTY-EIGHT PARTICIPANTS COMPLETED SELF-DIRECTED CREATIVE PROJECTS; 17 COMPLETED A WEEK OF SUMMER OVERNIGHT CAMP; 4 COMPLETED PAID SUMMER INTERNSHIPS; 35 EXPLORED CAREERS WITH MENTORS IN VARIOUS PROFESSIONS; 5 APPLIED FOR POST-SECONDARY SCHOLARSHIP OPPORTUNITIES. ART OF RADICAL COLLABORATION (ARC): ARC IS A YEAR-ROUND COMMUNITY ARTS PROGRAM THAT SUPPORTS ARTISTIC DEVELOPMENT, EXPRESSION, AND LEADERSHIP IN THE COMMUNITY. IN ALL ARC ACTIVITIES, ARTISTS PRACTICE ASKING CRITICAL QUESTIONS, FOSTER NETWORKS OF MUTUAL SUPPORT AND OPPORTUNITY, AND STRENGTHEN PRACTITIONER CAPACITY TO ENGAGE WITH THE BROADER COMMUNITY RESPECTFULLY, POWERFULLY, AND EFFECTIVELY. IN 2025, WE CONDUCTED 9 SKILL SHARES WORKSHOPS ON VARIETY OF ENGAGING ART ACTIVITIES IN COMMUNITY SETTING AND PLANNED FOR A COMMUNITY ART STUDIO WHICH WILL BE LAUNCHED IN LATE 2026.POLICY AND SYSTEMS CHANGE: OUR ENGAGEMENT WORK NATURALLY LEADS US INTO POLICY AND SYSTEMS CHANGE. THROUGH OUR PARTICIPATION IN MULTIPLE COALITIONS TO BUILD COMMUNITY POWER, WE WORK TO SHAPE EQUITABLE POLICIES AND PRACTICES WITHIN SYSTEMS AND INSTITUTIONS. IN 2025, WE PRODUCED 6 EVENTS FOCUSED ON VOTER EDUCATION, INCLUDING EDUCATING CANDIDATES ON RESPONSIBILITIES OF PARK BOARD COMMISSIONERS, AND A SERIES OF CANDIDATE FORUMS FOR EACH PARK DISTRICT AND CITYWIDE. THE MINNEAPOLIS PARK AND RECREATION BOARD OF COMMISSIONERS ELECTED IN 2025 REFLECTS A SIGNIFICANT INCREASE IN DIVERSITY AND EQUITY-CENTERED LEADERSHIP. EMERGING INITIATIVESCOMMUNITY ART STUDIO: TO SUPPORT OUR ARC PROGRAM AND NEIGHBORHOOD COMMUNITY ARTISTS, HOPE IS REDEVELOPING ONE OF OUR EXISTING COMMERCIAL SPACES INTO A COMMUNITY ART STUDIO. IN 2026, WE'LL COMPLETE RENOVATIONS IN OUR JOURDAIN BUILDING TO ESTABLISH A FLEXIBLE, ADAPTABLE ART STUDIO TO HOST ARC PROGRAMMING, AND ALSO PROVIDE ADDITIONAL GATHERING SPACE, WHICH IS IN HIGH DEMAND IN THE COMMUNITY.RE-ENVISIONING SPEAC: SPEAC (SUSTAINABLE PROGRESS THROUGH ENGAGING ACTIVE COMMUNITIES) IS OUR SIGNATURE LEADERSHIP, ORGANIZING, AND ACTION TRAINING PROGRAM. WE HAVE SECURED FUNDING TO CONDUCT A CURRICULUM REFRESH AND, IN RESPONSE TO LOCAL DEMAND FOR ORGANIZING TRAINING IN THE FACE OF THE MANY THREATS TO OUR COMMUNITIES, WE ANTICIPATE LAUNCHING SPEAC 2.0 IN 2027. REIMAGINING AFFORDABLE HOUSING: A MULTI-YEAR DEMONSTRATION PROJECT WILL TEST A NEW MODEL FOR AFFORDABLE HOUSING THAT ADVANCES EQUITY BY REDIRECTING SUBSIDY TO INCREASE BOTH AFFORDABILITY FOR RESIDENTS AND OPERATING REVENUE FOR PROVIDERS, CREATING ECONOMIC STABILITY FOR BOTH. COMMUNITY-CENTERED SAFETY: IN 2016, HOPE BEGAN BUILDING CAPACITY TO PROMOTE COMMUNITY-CENTERED APPROACHES TO SAFETY THAT DO NOT DEPEND UPON LAW ENFORCEMENT. EMERGING WORK IN THIS AREA FOCUSES ON OUR LARGE OUTDOOR PUBLIC SPACES; WE AIM TO DEVELOP A SHARED VISION OF ESTABLISHING/MAINTAINING SAFETY THAT IS CENTERED IN COMMUNITY, HUMANITY, AND ACCOUNTABILITY, AND TO IMPLEMENT SHORT-TERM STRATEGIES ROOTED IN THAT VISION FOR HOPE PROPERTIES.SUPPORTING LOCAL FOOD ENTREPRENEURS: TO MEET COMMUNITY NEED IN OUR LOCAL FOOD ECOSYSTEM, WE'LL REMODEL OUR 20-YEAR-OLD COMMERCIAL KITCHEN TO ESTABLISH AN AFFORDABLE, COMMERCIALLY LICENSED FOOD PRODUCTION SPACE FOR RENTAL USE BY EMERGING FOOD ENTREPRENEURS. | Desc |
| Total Program Service Expenses | $3,403,929 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (1) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 49 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 31 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6128748867 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 611 EAST FRANKLIN AVENUE | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55404 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| ANI RYAN KOCH | ||||||
| CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| C TERRENCE ANDERSON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CANDICE ROSALEZ | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CLAIRE CHANG | ||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JANETTE LAW | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| KIA HAKIMI | ||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| STEVE ROBINSON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BROCKMAN SCHUMACHER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ALEX WEST STEINMAN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DIANE GALATOWITSCH | ||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| OLIVER SMITH | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DANYIKA LEONARD | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WILL DELANEY | ||||||
| INTERIM CO-ED | 40.00 | Yes (X) | $115,471 | $0 | $11,210 | |
| CHAKA MKALI | ||||||
| INTERIM CO-ED | 40.00 | Yes (X) | $113,287 | $0 | $10,818 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $228,758 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $22,028 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $437,870 | GovernmentGrantsAmt |
| All Other Contributions | $2,237,331 | AllOtherContributionsAmt |
| Total Contributions | $2,675,201 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAM FEES | Desc |
| Business | 532000 | BusinessCd |
| Total Revenue Column | $899,976 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $899,976 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $899,976 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,221 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,136 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $20,085 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $34,658 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $34,658 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $34,658 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,631,056 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $935,770 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $20,085 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,578,296 | TotalAmt |
| Program Services | $1,298,919 | ProgramServicesAmt |
| Management And General | $177,228 | ManagementAndGeneralAmt |
| Fundraising | $102,149 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $152,408 | TotalAmt |
| Program Services | $125,430 | ProgramServicesAmt |
| Management And General | $17,114 | ManagementAndGeneralAmt |
| Fundraising | $9,864 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $136,593 | TotalAmt |
| Program Services | $112,415 | ProgramServicesAmt |
| Management And General | $15,338 | ManagementAndGeneralAmt |
| Fundraising | $8,840 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $362,277 | TotalAmt |
| Program Services | $172,769 | ProgramServicesAmt |
| Management And General | $161,556 | ManagementAndGeneralAmt |
| Fundraising | $27,952 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,065 | TotalAmt |
| Management And General | $1,076 | ManagementAndGeneralAmt |
| Fundraising | $7,989 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,776 | TotalAmt |
| Program Services | $18,332 | ProgramServicesAmt |
| Management And General | $9,444 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $331,644 | TotalAmt |
| Program Services | $331,644 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,729 | TotalAmt |
| Program Services | $120,326 | ProgramServicesAmt |
| Management And General | $3,403 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $380,048 | TotalAmt |
| Program Services | $380,048 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,538 | TotalAmt |
| Program Services | $72,707 | ProgramServicesAmt |
| Management And General | $12,831 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| OPERATING & MAINTENANCE | $382,166 | $373,431 | $8,428 | $307 |
| BAD DEBT | $182,584 | $182,584 | ||
| REAL ESTATE TAXES | $97,331 | $97,331 | ||
| CLIENT SUPPORT SERVICES | $89,310 | $89,310 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,170 | TotalAmt |
| Program Services | $28,683 | ProgramServicesAmt |
| Management And General | $41,853 | ManagementAndGeneralAmt |
| Fundraising | $9,634 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,018,935 | TotalAmt |
| Program Services | $3,403,929 | ProgramServicesAmt |
| Management And General | $448,271 | ManagementAndGeneralAmt |
| Fundraising | $166,735 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $350,414 | BOYAmt |
| EOY | $303,597 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $889,187 | BOYAmt |
| EOY | $920,873 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $275,752 | BOYAmt |
| EOY | $513,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $293,292 | BOYAmt |
| EOY | $155,152 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $733,064 | BOYAmt |
| EOY | $733,064 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,587 | BOYAmt |
| EOY | $55,071 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $15,146,900 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $9,107,886 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,366,468 | BOYAmt |
| EOY | $6,039,014 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $608,805 | BOYAmt |
| EOY | $648,979 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,204,226 | BOYAmt |
| EOY | $2,126,079 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,758,795 | BOYAmt |
| EOY | $11,494,829 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $383,769 | BOYAmt |
| EOY | $391,474 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,181,974 | BOYAmt |
| EOY | $1,228,097 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,109,125 | BOYAmt |
| EOY | $6,274,537 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,553,143 | BOYAmt |
| EOY | $1,464,824 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,228,011 | BOYAmt |
| EOY | $9,358,932 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,127,784 | BOYAmt |
| EOY | $1,279,704 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $403,000 | BOYAmt |
| EOY | $856,193 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,530,784 | BOYAmt |
| EOY | $2,135,897 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,758,795 | BOYAmt |
| EOY | $11,494,829 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$387,879 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $85,564 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$92,572 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,527,627 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,183,484 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,343,551 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,483,517 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,575,201 | CurrentTaxYearAmt |
| Total | $12,113,380 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,527,627 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,183,484 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,343,551 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,483,517 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,575,201 | CurrentTaxYearAmt |
| Total | $12,113,380 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,519,359 | SubstantialContributorsTotAmt |
| Public Support Total170 | $10,594,021 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $26,529 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $28,761 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $35,154 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $52,671 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,221 | CurrentTaxYearAmt |
| Total | $164,336 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,971 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $96,219 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $206,683 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $139,438 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $34,658 | CurrentTaxYearAmt |
| Total | $497,969 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $12,775,685 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $4,559,785 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.82920 | PublicSupportCY170Pct |
| Public Support PY170 | 0.82200 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,121,007 | OtherCostOrOtherBasisAmt |
| Book Value | $1,121,007 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,905,229 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,079,209 | DepreciationAmt |
| Book Value | $4,826,020 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,120,664 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,028,677 | DepreciationAmt |
| Book Value | $91,987 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $6,039,014 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| ACCRUED INTEREST RECEIVABLE | $409,261 |
| INVESTMENT IN LIMITED PARTNERSHIP | $264,936 |
| UNEMPLOYMENT SERVICES TRUST | $73,037 |
| RIGHT OF -USE ASSET | $1,378,845 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,126,079 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| TENANTS' DEPOSITS | $85,979 |
| LEASE LIABILITY | $1,378,845 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,464,824 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $3,716,620 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $85,564 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $85,564 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,631,056 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,631,056 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $4,018,935 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $4,018,935 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $4,018,935 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | 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, LINE 2: | 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. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRACY BABLER AND ASSOCIATES | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5624 COLFAX AVENUE S | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55419 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $22,080 | GrossReceiptsAmt |
| Retained By Contractor | $0 | RetainedByContractorAmt |
| Net To Organization | $22,080 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $22,080 | TotalGrossReceiptsAmt |
| Total Net To Organization | $22,080 | TotalNetToOrganizationAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | LINE 11B EXPLANATION - FORM 990 WILL BE PRESENTED TO BOARD FOR REVIEW AND APPROVAL AT NEXT SCHEDULED BOD MEETING OR VIA E-MAIL UPON RECEIPT OF DRAFT AUDIT AND FORM 990 AS PROVIDED BY AUDITOR. |
| FORM 990, PART VI, SECTION B, LINE 12C | EXECUTIVE DIRECTORS ENSURE THAT ALL CONFLICT OF INTEREST QUESTIONNAIRES ARE COMPLETED, REVIEWED FOR CONFLICTS AND DISCUSSES WITH MEMBERS OF BOARD'S EXECUTIVE COMMITTEE FOR REVIEW OF ANY QUESTIONNAIRES THAT DISCLOSES ACTUAL OR POTENTIAL CONFLICTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CO-EXECUTIVE DIRECTORS USE 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. THE EXECUTIVE COMMITTEE OF THE BOARD DEVELOPED THE PROCESS FOR ESTABLISHING THE CO-EXECUTIVE DIRECTOR'S COMPENSATION AND ANNUAL PERFORMANCE REVIEW. THE CO-EXECUTIVE DIRECTORS 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, SECTION C, LINE 19 | AVAILABLE UPON REQUEST AND VIA THE CHARITIES REVIEW COUNCIL'S SMART GIVERS NETWORK. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt |
|---|---|---|---|---|---|---|---|---|
| HOPE BLOCK STABILIZATION PHASE 1 LLC | ||||||||
| 611 EAST FRANKLIN AVENUE | MINNEAPOLIS | MN | 55404 | 371593246 | ACQUIRE AND LEASE AFFORDABLE HOUSING | MN | $181,068 | $410,227 |
| DUNDRY HOUSE LLC | ||||||||
| 611 EAST FRANKLIN AVENUE | MINNEAPOLIS | MN | 55404 | 274944226 | ACQUIRE AND LEASE AFFORDABLE HOUSING | MN | $61,355 | $870,017 |
| FRANKLIN PORTLAND GATEWAY PHASE I LP | ||||||||
| 611 EAST FRANKLIN AVENUE | MINNEAPOLIS | MN | 55404 | 542075020 | ACQUIRE AND LEASE AFFORDABLE HOUSING | MN | $457,109 | $4,832,113 |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Predominant Income TypePredominantIncomeTypeTxt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|
| FRANKLIN PORTLAND GATEWAY PHASE II LIMITED PARTNERSHIP | ||||||||||
| 611 EAST FRANKLIN AVENUE | MINNEAPOLIS | MN | 55404 | 562369948 | OWN AND OPERATE APARTMENT BUILDING TO PROVIDE AFFORDABLE HOUSING TO LOW AND | MN | RELATED | 0 | Yes (1) | 0.00010 |
| FRANKLIN PORTLAND GATEWAY PHASE III LIMITED PARTNERSHIP | ||||||||||
| 611 EAST FRANKLIN AVENUE | MINNEAPOLIS | MN | 55404 | 202351852 | OWN AND OPERATE APARTMENT BUILDING TO PROVIDE AFFORDABLE HOUSING TO LOW AND | MN | RELATED | 0 | Yes (1) | 0.00010 |
| FRANKLIN PORTLAND GATEWAY PHASE IV LIMITED PARTNERSHIP | ||||||||||
| 611 EAST FRANKLIN AVENUE | MINNEAPOLIS | MN | 55404 | 260504632 | OWN AND OPERATE APARTMENT BUILDING TO PROVIDE AFFORDABLE HOUSING TO LOW AND | MN | RELATED | 0 | Yes (1) | 0.00010 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (10 entries)
| Transaction TypeTransactionTypeTxt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|
| FRANKLIN PORTLAND GATEWAY PHASE I LIMITED PARTNERSHIP | |
| A | BASED ON 2018 OPERATIONS |
| FRANKLIN PORTLAND GATEWAY PHASE II LIMITED PARTNERSHIP | |
| K | MONTHLY MASTER LEASE RENTS AND ES |
| FRANKLIN PORTLAND GATEWAY PHASE III LIMITED PARTNERSHIP | |
| K | MONTHLY MASTER LEASE RENTS AND ES |
| FRANKLIN PORTLAND GATEWAY PHASE I LIMITED PARTNERSHIP | |
| L | NUMBER OF UNITS, MGMT ESTIMATE |
| FRANKLIN PORTLAND GATEWAY PHASE II LIMITED PARTNERSHIP | |
| L | NUMBER OF UNITS, MGMT ESTIMATE |
| FRANKLIN PORTLAND GATEWAY PHASE III LIMITED PARTNERSHIP | |
| L | NUMBER OF UNITS, MGMT ESTIMATE |
| FRANKLIN PORTLAND GATEWAY PHASE IV LIMITED PARTNERSHIP | |
| L | 5% OF FPG ALLOCATED WAGE EXPENSE |
| FRANKLIN PORTLAND GATEWAY PHASE I LIMITED PARTNERSHIP | |
| M | PER TERMS OF OCCUPANCY AGREEMENT |
| FRANKLIN PORTLAND GATEWAY PHASE I LIMITED PARTNERSHIP | |
| P | 2019 OCCUPANCY COSTS PAID IN 2020 |
| FRANKLIN PORTLAND GATEWAY PHASE I LIMITED PARTNERSHIP | |
| R | COST TO TRANSFER LP INTEREST |
Comments