Is it real?
No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Aug 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
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
3 people listed on the 990; $27K paid to officers and key staff.
Lee-David Du Plessis’s $27K as President, Treasurer, Director is at the 3rd 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.
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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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II2 listed
Programs and updates
Provides affordable and emergency housing for low-income and displaced families.
Questions for Hope Re Foundation INC
Your first name shows with your question. Hope Re Foundation INC answers here, for everyone.
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Provide affordable housing for low-income individuals. The nonprofit participated in the state housing program for homeless and those needing emergency housing meeting the state's requirements. In 2022, hope re foundation housed 106 households, totaling more than 152 people throughout the year at the 3 locations.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $0 | $239K |
| Total assetsLn 16 | $0 | $706K |
| LiabilitiesLn 26 | $0 | $145K |
| Net assetsLn 32 | $0 | $561K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $27K | $13K | $13K | |
| Other employee benefitsLn 9 | $11K | $6K | $6K | |
| Payroll taxesLn 10 | $2K | $1K | $1K | |
| Management feesLn 11a | $280K | $280K | ||
| Other fees for servicesLn 11g | $799 | $799 | ||
| OccupancyLn 16 | $854K | $854K | ||
| TravelLn 17 | $56K | $28K | $28K | |
| Other expenses (24a–d)Ln 24 | $329K | $329K | ||
| Total functional expensesLn 25 | $1.6M | $1.5M | $49K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 Latest Viewing | $2.1M | $1.6M | $561K | $561K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $2,120,014 revenue, 12 lines filed
Part VI · Governance 1 of 3 board members independent, 1 to look at
Part VIII · Statement of revenue $2,120,014 across 3 lines filed
Part IX · Statement of functional expenses $1,559,330 across 8 lines filed
Part X · Balance sheet $705,584 assets, 7 lines filed
Part XI · Reconciliation of net assets $560,684 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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