2026-08-11T11:02:54-05:00 2025-12-31 411534805 CARPENTER EVERT & ASSOCIATES LTD 7760 FRANCE AVE S SUITE 940 BLOOMINGTON MN 55435 990 2025-01-01 411292817 HOPE COMMUNITY INC HOPE 6128748867 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 WILL DELANEY CO-EXECUTIVE DIRECTOR 6128748867 2026-08-11 1 NEAL EVERT P00046853 9528310085 2026-08-11 2025 2025-03-06 01:10:19Z WILL DELANEY 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 3631056 0 X WWW.HOPE-COMMUNITY.ORG X 1977 MN 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. 8 8 31 20 0 0 2483517 2675201 919075 899976 52671 21221 139438 34658 3594701 3631056 0 0 0 0 1858742 1867297 0 0 166735 2246044 2151638 4104786 4018935 -510085 -387879 11758795 11494829 9228011 9358932 2530784 2135897 X 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. 0 0 3403929 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. 3403929 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 1 49 0 1 31 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X THE ORGANIZATION 6128748867 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 ANI RYAN KOCH CHAIR 2.00 X X 0 0 0 C TERRENCE ANDERSON DIRECTOR 1.00 X 0 0 0 CANDICE ROSALEZ DIRECTOR 1.00 X 0 0 0 CLAIRE CHANG SECRETARY 1.00 X X 0 0 0 JANETTE LAW DIRECTOR 2.00 X 0 0 0 KIA HAKIMI TREASURER 2.00 X X 0 0 0 STEVE ROBINSON DIRECTOR 1.00 X 0 0 0 BROCKMAN SCHUMACHER DIRECTOR 1.00 X 0 0 0 ALEX WEST STEINMAN DIRECTOR 1.00 X 0 0 0 DIANE GALATOWITSCH VICE CHAIR 1.00 X X 0 0 0 OLIVER SMITH DIRECTOR 1.00 X 0 0 0 DANYIKA LEONARD DIRECTOR 1.00 X 0 0 0 WILL DELANEY INTERIM CO-ED 40.00 X 115471 0 11210 CHAKA MKALI INTERIM CO-ED 40.00 X 113287 0 10818 228758 0 22028 2 0 0 0 0 437870 2237331 2675201 PROGRAM FEES 532000 899976 899976 899976 21221 1136 20085 MISCELLANEOUS 900099 34658 34658 34658 3631056 935770 0 20085 1578296 1298919 177228 102149 152408 125430 17114 9864 136593 112415 15338 8840 362277 172769 161556 27952 9065 1076 7989 27776 18332 9444 331644 331644 123729 120326 3403 380048 380048 85538 72707 12831 OPERATING & MAINTENANCE 382166 373431 8428 307 BAD DEBT 182584 182584 REAL ESTATE TAXES 97331 97331 CLIENT SUPPORT SERVICES 89310 89310 80170 28683 41853 9634 4018935 3403929 448271 166735 350414 303597 889187 920873 275752 513000 293292 155152 733064 733064 37587 55071 15146900 9107886 6366468 6039014 608805 648979 2204226 2126079 11758795 11494829 383769 391474 1181974 1228097 6109125 6274537 1553143 1464824 9228011 9358932 X 2127784 1279704 403000 856193 2530784 2135897 11758795 11494829 -387879 85564 -92572 0 X 0 1 X 1 0 X 2527627 2183484 2343551 2483517 2575201 12113380 2527627 2183484 2343551 2483517 2575201 12113380 1519359 10594021 26529 28761 35154 52671 21221 164336 20971 96219 206683 139438 34658 497969 12775685 4559785 0.82920 0.82200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1121007 1121007 12905229 8079209 4826020 1120664 1028677 91987 6039014 ACCRUED INTEREST RECEIVABLE 409261 INVESTMENT IN LIMITED PARTNERSHIP 264936 UNEMPLOYMENT SERVICES TRUST 73037 RIGHT OF -USE ASSET 1378845 2126079 TENANTS' DEPOSITS 85979 LEASE LIABILITY 1378845 1464824 X 3716620 85564 85564 3631056 0 3631056 4018935 0 4018935 0 4018935 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. X X 1 TRACY BABLER AND ASSOCIATES 5624 COLFAX AVENUE S MINNEAPOLIS MN 55419 0 22080 0 22080 22080 22080 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. HOPE BLOCK STABILIZATION PHASE 1 LLC 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 371593246 ACQUIRE AND LEASE AFFORDABLE HOUSING MN 181068 410227 DUNDRY HOUSE LLC 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 274944226 ACQUIRE AND LEASE AFFORDABLE HOUSING MN 61355 870017 FRANKLIN PORTLAND GATEWAY PHASE I LP 611 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 542075020 ACQUIRE AND LEASE AFFORDABLE HOUSING MN 457109 4832113 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 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 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 1 0.00010 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 1 0 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