Hope Community INC FY2022 filing

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The organization develops, owns, manages and provides housing for moderate income individuals as well as provides housing and rehabilitation services to homeless families.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$243K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $979K a year · 15% of revenue · last 6 filings
A surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
83% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$243K
to officers and key staff · 3% of spending
Pay to officers and key staff is 3% of spending.
Part VII, Section A
6.3 mo
of spending, in cash
Plus $34.5M in investments, Pt X · Ln 11–13
6.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$7.8M
15% of total assets
Liabilities are 15% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$10.1M
+12% vs prior year
Spent
$9.0M
To programs
83%
Net assets
$44.1M
By yearFY2020–FY2025
Revenue
$10.1M
FY2022▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.1M
FY2021$9.1M
FY2022$10.1M
FY2023$6.7M
FY2024$4.5M
FY2025$1.4M
Expenses
$9.0M
FY2022▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.8M
FY2021$8.0M
FY2022$9.0M
FY2023$9.6M
FY2024$6.9M
FY2025$3.6M
Net assets
$44.1M
FY2022▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.9M
FY2021$40.4M
FY2022$44.1M
FY2023$40.0M
FY2024$37.0M
FY2025$31.7M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1981.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $7.5M Management & general 17% · $1.5M Fundraising 0% · $33K

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

15 people listed on the 990; $243K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$136,611Pt VII · Sec A
Director of Finance
$105,957Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A

Walter M Roberts’s $138K as Executive Director is at the 64th percentile of top reported officer pay among 2036 $1–10M 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Walter M Roberts$137,950$170,190$149,190$136,611$140,627$130,184
Norman Williams III$117,409$133,982——$102,588—
Lorenzo Cesare—$94,677$113,140$105,957$107,514$106,571
Nellie Plumey————$103,503—
Craig Lawrence Harty—$102,816————
Richard Winslow$101,753—————
Fonda Porter————$101,352—

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 Community INC executive salaries →

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

Develops, owns, and manages housing for moderate-income individuals and homeless families, offering rehabilitation services.

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2 programs · $7.5M · in their own filed words · FY2021
01

Hope continues to focus on preservation activity that both upgrade the physical condition of its buildings and financing so that the building remains affordable to residents.

$4.5Mprogram expense
02

The organization develops, owns, manages and provides housing for moderate income individuals as well as provides housing and rehabilitation services to homeless families.

$3.0Mprogram 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$35K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$10.1M
Ln 12
Fees for servicesLn 2g$6.5M
Investment incomeLn 3$3.4M
Gifts and grantsLn 1h$238K
Money outPt IX
$9.0M
Ln 25
Programscol B$7.5M
Managementcol C$1.5M
Fundraisingcol D$33K
Owns and owesPt X
$44.1M
net assets · Ln 32
Cash and savingsLn 1–2$4.7M
Total assetsLn 16$51.9M
LiabilitiesLn 26$7.8M
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$238K
Government grantsLn 1e$91K
Fees for servicesLn 2g$6.5M
Investment incomeLn 3$3.4M
Other incomeLn 4–11$6K
Gains on assetsLn 7$2.0M
Total revenueLn 12$10.1M
Assets in detailPt X, end of year
CashLn 1$4.7M
Cash and savings togetherLn 1–2$4.7M
Pledges and grants receivableLn 3$72K
Accounts receivableLn 4$5.3M
Notes and loans receivableLn 7$3.7M
Prepaid expenses and deferred chargesLn 9$28K
Land, buildings, equipmentLn 10c$985K
InvestmentsLn 11–13$34.5M
Other assetsLn 15$2.5M
Total assetsLn 16$51.9M
LiabilitiesLn 26$7.8M
Net assetsLn 32$44.1M
OperationsPt I, VI
EmployeesI 548
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$4.5M$4.7M
InvestmentsLn 11–13$32.5M$34.5M
Land, buildings, equipmentLn 10c$1.0M$985K
Total assetsLn 16$47.1M$51.9M
LiabilitiesLn 26$6.7M$7.8M
Net assetsLn 32$40.4M$44.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$262K$227K$36K
Other salaries and wagesLn 7$4.6M$4.0M$623K
Pension plan contributionsLn 8$4K$4K$208
Other employee benefitsLn 9$551K$524K$27K
Payroll taxesLn 10$332K$316K$16K
Management feesLn 11a$208K$208K
Legal feesLn 11b$35K$25K$10K
Accounting feesLn 11c$41K$41K
Other fees for servicesLn 11g$67K$47K$20K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$255K$132K$124K
Information technologyLn 14$180K$7K$173K
OccupancyLn 16$1.5M$1.3M$114K
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$44K$36K$9K
InsuranceLn 23$87K$46K$41K
Other expenses (24a–d)Ln 24$865K$579K$255K$31K
All other expensesLn 24e$50K$37K$11K$2K
Total functional expensesLn 25$9.0M$7.5M$1.5M$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $1.4M$3.6M−$2.1M$31.7M 990 PDF
FY2024Filed with the IRS May 15, 2025 $4.5M$6.9M−$2.4M$37.0M 990 PDF
FY2023Filed with the IRS May 15, 2024 $6.7M$9.6M−$2.9M$40.0M 990 PDF
FY2022 ViewingFiled with the IRS May 9, 2023 $10.1M$9.0M$1.1M$44.1M 990 PDF
FY2021Filed with the IRS May 12, 2022 $9.1M$8.0M$1.1M$40.4M 990 PDF
FY2020Filed with the IRS Feb 28, 2022 $6.1M$6.8M−$692K$7.9M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $10,141,121 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $246,670$237,981
I-9 Program service revenuePrior year $7,281,594$6,505,567
I-10 Investment incomePrior year $1,536,041$3,391,266
I-11 Other revenuePrior year $15,466$6,307
I-12 Total revenuePrior year $9,079,771$10,141,121
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,216,638$5,744,577
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,755,920$3,300,595
I-18 Total expensesPrior year $7,972,558$9,045,172
I-19 Revenue less expensesPrior year $1,107,213$1,095,949
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,141,121 across 7 lines filed
Lines not itemized here account for $6,307 of total revenue; see the IRS return.
VIII-1e Government grants$91,223
VIII-1f All other contributions, gifts and grants$146,758
VIII-1h Total contributions, gifts and grants$237,981
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,505,567$6,505,567
VIII-3 Investment incomeExcluded from tax $1,348,023$1,348,023
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,043,243$2,043,243
VIII-12 Total revenueRelated to mission $6,511,874 · Unrelated business $0 · Excluded from tax $3,391,266$10,141,121
Part IX · Statement of functional expenses $9,045,172 across 18 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $226,748 · Management $35,582$262,330
IX-7 Other salaries and wagesPrograms $3,971,819 · Management $623,279$4,595,098
IX-8 Pension plan contributionsPrograms $4,056 · Management $208$4,264
IX-9 Other employee benefitsPrograms $523,732 · Management $26,802$550,534
IX-10 Payroll taxesPrograms $316,171 · Management $16,180$332,351
IX-11a Management feesPrograms $207,961$207,961
IX-11b Legal feesPrograms $24,763 · Management $9,938$34,701
IX-11c Accounting feesManagement $40,581$40,581
IX-11g Other fees for servicesPrograms $46,900 · Management $19,690$66,590
IX-12 Advertising and promotionManagement $1,000$1,000
IX-13 Office expensesPrograms $131,543 · Management $123,801$255,344
IX-14 Information technologyPrograms $6,671 · Management $173,183$179,854
IX-16 OccupancyPrograms $1,348,513 · Management $114,493$1,463,006
IX-20 InterestPrograms $5,468$5,468
IX-22 Depreciation, depletion and amortizationPrograms $35,657 · Management $8,821$44,478
IX-23 InsurancePrograms $45,635 · Management $41,449$87,084
IX-24 Other expenses (24a–d)Programs $579,419 · Management $254,732 · Fundraising $30,596$864,747
IX-24e All other expensesPrograms $36,891 · Management $10,592 · Fundraising $2,298$49,781
IX-25 Total functional expensesPrograms $7,511,947 · Management $1,500,331 · Fundraising $32,894$9,045,172
Part X · Balance sheet $51,917,413 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $4,521,736$4,727,403
X-3 Pledges and grants receivableStart of year $71,829$71,829
X-4 Accounts receivableStart of year $6,502,332$5,341,686
X-7 Notes and loans receivableStart of year $469,359$3,720,362
X-9 Prepaid expenses and deferred chargesStart of year $31,845$27,565
X-10c Land, buildings and equipment, netStart of year $1,014,455$984,977
X-11 Publicly traded securitiesStart of year $54,814$46,072
X-13 Program-related investmentsStart of year $32,448,047$34,503,680
X-15 Other assetsStart of year $1,971,086$2,493,839
X-16 Total assetsStart of year $47,085,503$51,917,413
X-17 Accounts payable and accrued expensesStart of year $889,059$1,679,459
X-19 Deferred revenueStart of year $2,019,018$1,979,876
X-21 Escrow or custodial accountsStart of year $438,595$438,595
X-23 Secured mortgages and notes payableStart of year $174,539$173,639
X-25 Other liabilitiesStart of year $3,210,934$3,531,311
X-26 Total liabilitiesStart of year $6,732,145$7,802,880
X-27 Net assets without donor restrictionsStart of year $40,353,358$44,114,533
X-32 Total net assets or fund balancesStart of year $40,353,358$44,114,533
X-33 Total liabilities and net assetsStart of year $47,085,503$51,917,413
Part XI · Reconciliation of net assets $44,114,533 net assets at year end
XI-1 Total revenue$10,141,121
XI-2 Total expenses$9,045,172
XI-3 Revenue less expenses$1,095,949
XI-4 Net assets at start of year$40,353,358
XI-5 Net unrealized gains (losses) on investments−$9,380
XI-8 Prior period adjustments$2,674,606
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$44,114,533

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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