Hope Community Builders FY2020 filing

Tax-deductible

Rockingham, VA501(c)(3)Since 1998Community DevelopmentEIN 54-1885559Revenue $269K in FY2020

On file with the IRShopecommunitybuilders.org289 Jericho Rd, 22801-7615 · Rockingham, VATax-exempt since Apr 1998Publicly supported charity — 170(b)(1)(A)(vi)

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Construction of affordable homes for low to moderate income resident whose income is 80% or below the median income adjusted for family size.

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
$120K 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

FY2020 · 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
4 of 6
filings with a surplus
Average surplus $77K a year · 9% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 40% of spending
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
Cash reserves
36 mo
of spending, in cash
Looks good: 35.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$269K
Spent
$299K
To programs
57%
Net assets
$4.8M
By yearFY2020–FY2025
Revenue
$269K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$269K
FY2021$1.1M
FY2022$575K
FY2023$2.1M
FY2024$538K
FY2025$546K
Expenses
$299K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$299K
FY2021$997K
FY2022$322K
FY2023$2.5M
FY2024$427K
FY2025$199K
Net assets
$4.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.8M
FY2021$3.8M
FY2022$3.4M
FY2023$3.3M
FY2024$2.6M
FY2025$4.5M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Apr 1998.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $170K Management & general 43% · $129K

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

6 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation
$120,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairman of the Board
$0Pt VII · Sec A

Asrat Gebre’s $48K as CEO is at the 27th percentile of top reported officer pay among 1709 $100K–1M community development 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Asrat Gebre$48,250$120,000$457,705$120,000$120,000$120,000
Brian Sullivan—$50,000$50,000$50,000——

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

Builds and manages affordable homes for lower-income families.

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2 programs · $170K · in their own filed words · FY2020
01

Construction of Affordable homes

$170Kprogram expense
02

No Activity for this section

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$269K
Ln 12
Fees for servicesLn 2g$175K
Other incomeLn 4–11$82K
Investment incomeLn 3$13K
Money outPt IX
$299K
Ln 25
Programscol B$170K
Managementcol C$129K
Owns and owesPt X
$4.8M
net assets · Ln 32
Cash and savingsLn 1–2$886K
Total assetsLn 16$4.8M
LiabilitiesLn 26$7K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$175K
Investment incomeLn 3$13K
Other incomeLn 4–11$82K
Gains on assetsLn 7$10K
Total revenueLn 12$269K
Assets in detailPt X, end of year
CashLn 1$145K
SavingsLn 2$741K
Cash and savings togetherLn 1–2$886K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$4.8M
LiabilitiesLn 26$7K
Net assetsLn 32$4.8M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.2M$886K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$4.9M$4.8M
LiabilitiesLn 26$6K$7K
Net assetsLn 32$4.9M$4.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$199K$79K$120K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$15K$6K$9K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$46K$46K$0$0
InsuranceLn 23$3K$3K$0$0
Other expenses (24a–d)Ln 24$17K$17K$0$0
Total functional expensesLn 25$299K$170K$129K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $546K$199K$347K$4.5M 990 PDF
FY2024 $538K$427K$111K$2.6M 990 PDF
FY2023 $2.1M$2.5M−$368K$3.3M 990 PDF
FY2022 $575K$322K$253K$3.4M 990 PDF
FY2021 $1.1M$997K$150K$3.8M 990 PDF
FY2020 Viewing $269K$299K−$30K$4.8M 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 FY2020 990 (6 parts)
Part I · Summary $269,420 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $500,000$0
I-9 Program service revenuePrior year $352,841$174,787
I-10 Investment incomePrior year $10,384$12,865
I-11 Other revenuePrior year $71,853$81,768
I-12 Total revenuePrior year $935,078$269,420
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 $200,229$225,716
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $93,241$73,442
I-18 Total expensesPrior year $293,470$299,158
I-19 Revenue less expensesPrior year $641,608−$29,738
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $269,420 across 7 lines filed
Lines not itemized here account for $28,056 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $174,787 · Unrelated business $0 · Excluded from tax $0$174,787
VIII-3 Investment incomeRelated to mission $2,371 · Unrelated business $0 · Excluded from tax $0$2,371
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $53,712 · Unrelated business $0 · Excluded from tax $0$53,712
VIII-7 Net gain or loss on sales of assetsRelated to mission $10,494 · Unrelated business $0 · Excluded from tax $0$10,494
VIII-12 Total revenueRelated to mission $269,420 · Unrelated business $0 · Excluded from tax $0$269,420
Part IX · Statement of functional expenses $299,158 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $78,538 · Management $120,000 · Fundraising $0$198,538
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $11,990$11,990
IX-10 Payroll taxesPrograms $6,076 · Management $9,112 · Fundraising $0$15,188
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $5,000$5,000
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $2,020$2,020
IX-13 Office expensesPrograms $45,983 · Management $0 · Fundraising $0$45,983
IX-23 InsurancePrograms $3,090 · Management $0 · Fundraising $0$3,090
IX-24 Other expenses (24a–d)Programs $17,349 · Management $0 · Fundraising $0$17,349
IX-25 Total functional expensesPrograms $170,046 · Management $129,112 · Fundraising $0$299,158
Part X · Balance sheet $4,845,194 assets, 12 lines filed
Asset lines not itemized here account for $741,274; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $167,434$145,094
X-2 Savings and temporary cash investmentsStart of year $1,051,729$741,134
X-3 Pledges and grants receivableStart of year $350,000$50,000
X-4 Accounts receivableStart of year $92,641$94,912
X-8 Inventories for sale or useStart of year $2,553,843$3,072,780
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $4,874,098$4,845,194
X-17 Accounts payable and accrued expensesStart of year $6,000$6,834
X-26 Total liabilitiesStart of year $6,000$6,834
X-32 Total net assets or fund balancesStart of year $4,868,098$4,838,360
X-33 Total liabilities and net assetsStart of year $4,874,098$4,845,194
Part XI · Reconciliation of net assets $4,838,360 net assets at year end
XI-1 Total revenue$269,420
XI-2 Total expenses$299,158
XI-3 Revenue less expenses−$29,738
XI-4 Net assets at start of year$4,868,098
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,838,360

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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