Hope Partnership INC

Tax-deductible

Madison, CT501(c)(3)HousingEIN 20-1683627

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To create a continuum of affordable housing options in order to help ensure an eclectic economy and housing choices for all citizens through the collaborative efforts of governments, businesses, religious communities, civic organizations, and individuals.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 25 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $784K a year · 59% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$77K
to officers and key staff · 10% of spending
Top officer’s pay higher than 69% of similar orgs
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$834K
+13% vs prior year
Spent
$758K
To programs
90%
Net assets
$7.4M
By yearFY2020–FY2025
Revenue
$834K
FY2025▲ +13%
Revenue by fiscal year
FY2020$558K
FY2021$4.7M
FY2022$608K
FY2023$565K
FY2024$738K
FY2025$834K
Expenses
$758K
FY2025▲ +0.5%
Expenses by fiscal year
FY2020$86K
FY2021$256K
FY2022$718K
FY2023$740K
FY2024$754K
FY2025$758K
Net assets
$7.4M
FY2025▲ +1%
Net assets by fiscal year
FY2020$631K
FY2021$5.1M
FY2022$4.9M
FY2023$7.3M
FY2024$7.3M
FY2025$7.4M

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $685K Management & general 9% · $66K Fundraising 1% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $77K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Dir.
$77,447Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Karla Lindquist’s $77K as Executive Dir. is at the 69th percentile of top reported officer pay among 851 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023
Karla Lindquist$77,447$75,005$75,005

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Hope Partnership INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds affordable housing options through community partnerships for economic and housing choices.

Provided by the organization

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1 program · $685K · in their own filed words · FY2024
01

In addition to maintaining affordable housing for 33 low-to-moderate income households in essex and old saybrook, hope worked with our co-developers on 27 new units of housing, 24 of which are affordable, for a total of 31 units at this co-owned site.

$685Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$834K
Ln 12
Fees for servicesLn 2g$728K
Gifts and grantsLn 1h$97K
Investment incomeLn 3$7K
Money outPt IX
$758K
Ln 25
Programscol B$685K
Managementcol C$66K
Fundraisingcol D$7K
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$577K
Total assetsLn 16$8.8M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$97K
Government grantsLn 1e$1K
Fees for servicesLn 2g$728K
Investment incomeLn 3$7K
Other incomeLn 4–11$2K
Gains on assetsLn 7$0
Total revenueLn 12$834K
Assets in detailPt X, end of year
CashLn 1$259K
SavingsLn 2$318K
Cash and savings togetherLn 1–2$577K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$7.8M
Other assetsLn 15$10K
Total assetsLn 16$8.8M
LiabilitiesLn 26$1.4M
Net assetsLn 32$7.4M
OperationsPt I, VI
EmployeesI 51
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$559K$577K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$8.0M$7.8M
Total assetsLn 16$8.8M$8.8M
LiabilitiesLn 26$1.5M$1.4M
Net assetsLn 32$7.3M$7.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$76K$61K$11K$4K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$6K$5K$903$301
Management feesLn 11a$82K$82K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$24K$24K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$9K$9K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$5K$2K$2K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$20K$17K$3K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$46K$46K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$255K$255K
InsuranceLn 23$28K$24K$4K
Other expenses (24a–d)Ln 24$193K$193K
All other expensesLn 24e$10K$10K
Total functional expensesLn 25$758K$685K$66K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $834K$758K$76K$7.4M 990 PDF
FY2024 $738K$754K−$17K$7.3M 990 PDF
FY2023 $565K$740K−$175K$7.3M 990 PDF
FY2022 $608K$718K−$110K$4.9M 990 PDF
FY2021 $4.7M$256K$4.5M$5.1M 990 PDF
FY2020 $558K$86K$471K$631K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $833,624 across 11 lines filed
VIII-1e Government grants$1,000
VIII-1f All other contributions, gifts and grants$96,138
VIII-1h Total contributions, gifts and grants$97,138
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $728,218$728,218
VIII-3 Investment incomeExcluded from tax $6,731$6,731
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events−$1,956
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,493$3,493
VIII-12 Total revenueRelated to mission $731,711 · Excluded from tax $6,731$833,624
Part IX · Statement of functional expenses $758,049 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $60,904 · Management $11,420 · Fundraising $3,807$76,131
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $4,813 · Management $903 · Fundraising $301$6,017
IX-11a Management feesPrograms $81,727$81,727
IX-11b Legal feesManagement $2,315$2,315
IX-11c Accounting feesManagement $23,581$23,581
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $9,178$9,178
IX-12 Advertising and promotionFundraising $1,353$1,353
IX-13 Office expensesPrograms $2,129 · Management $1,936 · Fundraising $1,057$5,122
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $17,425 · Management $2,973$20,398
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $45,876$45,876
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $255,111$255,111
IX-23 InsurancePrograms $24,379 · Management $3,567$27,946
IX-24 Other expenses (24a–d)Programs $193,090$193,090
IX-24e All other expensesManagement $10,204$10,204
IX-25 Total functional expensesPrograms $685,454 · Management $66,077 · Fundraising $6,518$758,049
Part X · Balance sheet $8,791,106 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $315,126$258,771
X-2 Savings and temporary cash investmentsStart of year $243,855$318,037
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $12,324$257,009
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $12,349$12,557
X-10c Land, buildings and equipment, netStart of year $8,040,680$7,797,887
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $143,299$136,494
X-15 Other assets$10,351
X-16 Total assetsStart of year $8,767,633$8,791,106
X-17 Accounts payable and accrued expensesStart of year $42,778$9,460
X-19 Deferred revenue$15,756
X-25 Other liabilities$35,547
X-26 Total liabilitiesStart of year $1,475,126$1,423,024
X-27 Net assets without donor restrictionsStart of year −$692,583−$370,117
X-28 Net assets with donor restrictionsStart of year $7,985,090$7,738,199
X-32 Total net assets or fund balancesStart of year $7,292,507$7,368,082
X-33 Total liabilities and net assetsStart of year $8,767,633$8,791,106
Part XI · Reconciliation of net assets $7,368,082 net assets at year end
XI-1 Total revenue$833,624
XI-2 Total expenses$758,049
XI-3 Revenue less expenses$75,575
XI-4 Net assets at start of year$7,292,507
XI-10 Net assets at end of year$7,368,082

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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