Mt Hope Community Development INC FY2023 filing

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Operating a home for the aged.

97¢ of each $1 spent went to programs.
$13K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 6
filings with a surplus
Average deficit $332K a year · 20% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$13K
to officers and key staff · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$431K
-88% vs prior year
Spent
$1.5M
To programs
97%
Net assets
$126K
By yearFY2020–FY2025
Revenue
$431K
FY2023▼ -88%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.5M
FY2021$2.6M
FY2022$3.5M
FY2023$431K
FY2024$143K
FY2025$12K
Expenses
$1.5M
FY2023▼ -65%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.1M
FY2021$3.2M
FY2022$4.2M
FY2023$1.5M
FY2024$220K
FY2025$15K
Net assets
$126K
FY2023▼ -89%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$1.8M
FY2022$1.2M
FY2023$126K
FY2024$3K
FY2025$0

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $1.4M Management & general 3% · $49K

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

9 people listed on the 990; $13K paid to officers and key staff.

Part VII, Section A · reportable compensation
Administrato
$13,219Pt VII · Sec A
Board Presid
$0Pt VII · Sec A
Board Vice P
$0Pt VII · Sec A
Board Treasu
$0Pt VII · Sec A
Board Secret
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Kelley Laswell$13,219$106,701$4,320—
Regina Terry——$80,003$70,693
Cassandra Elliott——$11,829$36,618

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.

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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

Mt Hope Community Development INC is a nonprofit organization based in Mt Hope, KS.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2023
01

MT. Hope community development provided skilled nursing care to patients in the MT. Hope nursing center, senior services to the MT. Hope community through the larsen senior center, and senior housing services and home health to residents through larsen apartments and MT. Hope home health.

$1.4Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$431K
Ln 12
Fees for servicesLn 2g$367K
Investment incomeLn 3$48K
Gifts and grantsLn 1h$12K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.4M
Managementcol C$49K
Owns and owesPt X
$126K
net assets · Ln 32
Cash and savingsLn 1–2$682K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Government grantsLn 1e$12K
Fees for servicesLn 2g$367K
Investment incomeLn 3$48K
Other incomeLn 4–11$3K
Gains on assetsLn 7$33K
Total revenueLn 12$431K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$678K
Cash and savings togetherLn 1–2$682K
Land, buildings, equipmentLn 10c$607K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.2M
Net assetsLn 32$126K
OperationsPt I, VI
EmployeesI 594
VolunteersI 69
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$72K$682K
Land, buildings, equipmentLn 10c$1.1M$607K
Total assetsLn 16$2.4M$1.3M
LiabilitiesLn 26$1.3M$1.2M
Net assetsLn 32$1.2M$126K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$13K$13K
Other salaries and wagesLn 7$97K$88K$9K
Other employee benefitsLn 9$7K$7K$131
Payroll taxesLn 10$55K$53K$2K
Legal feesLn 11b$21K$21K
Other fees for servicesLn 11g$41K$41K
Advertising and promotionLn 12$4K$4K$633
Office expensesLn 13$470$456$14
OccupancyLn 16$45K$44K$709
Conferences, conventions and meetingsLn 19$671$224$447
InterestLn 20$28K$28K$553
Depreciation, depletion and amortizationLn 22$196K$196K
InsuranceLn 23$63K$62K$1K
Other expenses (24a–d)Ln 24$884K$883K$538
Total functional expensesLn 25$1.5M$1.4M$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $12K$15K−$3K$0 990 PDF
FY2024 $143K$220K−$77K$3K 990 PDF
FY2023 Viewing $431K$1.5M−$1.0M$126K 990 PDF
FY2022 $3.5M$4.2M−$662K$1.2M 990 PDF
FY2021 $2.6M$3.2M−$567K$1.8M 990 PDF
FY2020 $3.5M$3.1M$344K$2.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $430,861 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $515,322$12,300
I-9 Program service revenuePrior year $2,993,813$366,937
I-10 Investment incomePrior year $878$48,219
I-11 Other revenuePrior year $10,407$3,405
I-12 Total revenuePrior year $3,520,420$430,861
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,148,302$172,021
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,034,371$1,283,567
I-18 Total expensesPrior year $4,182,673$1,455,588
I-19 Revenue less expensesPrior year −$662,253−$1,024,727
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $430,861 across 7 lines filed
VIII-1e Government grants$12,300
VIII-1h Total contributions, gifts and grants$12,300
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $366,937$366,937
VIII-3 Investment incomeExcluded from tax $15,492$15,492
VIII-7 Net gain or loss on sales of assetsRelated to mission $32,727$32,727
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,405$3,405
VIII-12 Total revenueRelated to mission $403,069 · Excluded from tax $15,492$430,861
Part IX · Statement of functional expenses $1,455,588 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $13,219$13,219
IX-7 Other salaries and wagesPrograms $88,134 · Management $8,826$96,960
IX-9 Other employee benefitsPrograms $6,601 · Management $131$6,732
IX-10 Payroll taxesPrograms $53,346 · Management $1,764$55,110
IX-11b Legal feesManagement $21,148$21,148
IX-11g Other fees for servicesPrograms $41,267$41,267
IX-12 Advertising and promotionPrograms $3,576 · Management $633$4,209
IX-13 Office expensesPrograms $456 · Management $14$470
IX-16 OccupancyPrograms $43,931 · Management $709$44,640
IX-19 Conferences, conventions and meetingsPrograms $224 · Management $447$671
IX-20 InterestPrograms $27,905 · Management $553$28,458
IX-22 Depreciation, depletion and amortizationPrograms $196,035$196,035
IX-23 InsurancePrograms $61,608 · Management $1,220$62,828
IX-24 Other expenses (24a–d)Programs $883,303 · Management $538$883,841
IX-25 Total functional expensesPrograms $1,406,386 · Management $49,202 · Fundraising $0$1,455,588
Part X · Balance sheet $1,289,036 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $62,975$3,576
X-2 Savings and temporary cash investmentsStart of year $9,357$678,493
X-10c Land, buildings and equipment, netStart of year $1,066,776$606,967
X-16 Total assetsStart of year $2,425,665$1,289,036
X-17 Accounts payable and accrued expensesStart of year $610,641$550,623
X-24 Unsecured notes and loans payableStart of year $571,195$596,057
X-25 Other liabilitiesStart of year $93,484$16,738
X-26 Total liabilitiesStart of year $1,275,320$1,163,418
X-27 Net assets without donor restrictionsStart of year $1,150,345$125,618
X-32 Total net assets or fund balancesStart of year $1,150,345$125,618
X-33 Total liabilities and net assetsStart of year $2,425,665$1,289,036
Part XI · Reconciliation of net assets $125,618 net assets at year end
XI-1 Total revenue$430,861
XI-2 Total expenses$1,455,588
XI-3 Revenue less expenses−$1,024,727
XI-4 Net assets at start of year$1,150,345
XI-10 Net assets at end of year$125,618

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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