Hope Housing Foundation: Nonprofit Profile, Financials & Form 990 (EIN 92-1227925)

Revenue by fiscal year
FY2022	$126K
FY2023	$148K
FY2024	$267K

Net assets by fiscal year
FY2022	$95K
FY2023	$158K
FY2024	$349K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2023.

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

Where the money goes

67 cents of each dollar spent went to programs.

67%

33%

Program services 67% · $49K Management & general 33% · $24K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation

Jason Henry

President

$0Pt VII · Sec A

Jason Henry’s $38K as President is at the 28th percentile of top reported officer pay among 852 $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.

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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 15aNo

Programs and updates

Offers housing to low-income individuals and families.

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Provided by the organization

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1 program · $49K · in their own filed words · FY2024

01

The nonprofit continued raising donations to support the exempt purpose of providing affordable rentals for low and very-low income individuals and families, as defined by hud. The nonprofit will continue to secure real estate or complete site improvements to support affordable housing development.

$49Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$267K

Ln 12

Gifts and grantsLn 1h$234K

Fees for servicesLn 2g$31K

Investment incomeLn 3$1K

Money outPt IX

$73K

Ln 25

Programscol B$49K

Managementcol C$24K

Owns and owesPt X

$349K

net assets · Ln 32

Cash and savingsLn 1–2$33K

Total assetsLn 16$478K

LiabilitiesLn 26$130K

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a1

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$234K

Noncash giftsLn 1g$210K

Fees for servicesLn 2g$31K

Investment incomeLn 3$1K

Other incomeLn 4–11$244

Total revenueLn 12$267K

Assets in detailPt X, end of year

CashLn 1$33K

Cash and savings togetherLn 1–2$33K

InvestmentsLn 11–13$16K

Land, buildings, equipmentLn 10c$429K

Total assetsLn 16$478K

LiabilitiesLn 26$130K

Net assetsLn 32$349K

OperationsPt I, VI

EmployeesI 50

VolunteersI 61

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$50K	$33K
InvestmentsLn 11–13	$13K	$16K
Land, buildings, equipmentLn 10c	$227K	$429K
Total assetsLn 16	$290K	$478K
LiabilitiesLn 26	$133K	$130K
Net assetsLn 32	$158K	$349K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$30K	$15K	$15K
Payroll taxesLn 10	$3K		$3K
Legal feesLn 11b	$2K	$900	$807
Office expensesLn 13	$1K		$1K
OccupancyLn 16	$17K	$16K	$450
Depreciation, depletion and amortizationLn 22	$8K	$8K
InsuranceLn 23	$2K	$2K	$559
Other expenses (24a–d)Ln 24	$10K	$7K	$3K
Total functional expensesLn 25	$73K	$49K	$24K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$267K	$73K	$194K	$349K	990 PDF
FY2023	$148K			$158K	990 PDF
FY2022	$126K			$95K	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 FY2024 990 (6 parts)

Part I · Summary $266,528 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $127,755$234,156

I-9 Program service revenuePrior year $11,634$30,928

I-10 Investment incomePrior year $7,497$1,200

I-11 Other revenuePrior year $945$244

I-12 Total revenuePrior year $147,831$266,528

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 $38,000$33,331

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $41,411$39,577

I-18 Total expensesPrior year $79,411$72,908

I-19 Revenue less expensesPrior year $68,420$193,620

Part VI · Governance 1 of 1 board members independent, 4 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members1

VI-2 Family or business relationship among officers or directorsYes

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $266,528 across 7 lines filed

VIII-1f All other contributions, gifts and grants$234,156

VIII-1g Noncash contributions (included above)$210,000

VIII-1h Total contributions, gifts and grants$234,156

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $30,928$30,928

VIII-3 Investment incomeExcluded from tax $1,200$1,200

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $244$244

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $32,372$266,528

Part IX · Statement of functional expenses $72,908 across 8 lines filed

IX-7 Other salaries and wagesPrograms $15,250 · Management $15,250$30,500

IX-10 Payroll taxesManagement $2,831$2,831

IX-11b Legal feesPrograms $900 · Management $807$1,707

IX-13 Office expensesManagement $1,442$1,442

IX-16 OccupancyPrograms $16,274 · Management $450$16,724

IX-22 Depreciation, depletion and amortizationPrograms $7,621$7,621

IX-23 InsurancePrograms $1,759 · Management $559$2,318

IX-24 Other expenses (24a–d)Programs $6,815 · Management $2,950$9,765

IX-25 Total functional expensesPrograms $48,619 · Management $24,289 · Fundraising $0$72,908

Part X · Balance sheet $478,481 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $50,105$33,135

X-10c Land, buildings and equipment, netStart of year $226,817$429,196

X-12 Other securitiesStart of year $13,350$16,150

X-16 Total assetsStart of year $290,272$478,481

X-25 Other liabilitiesStart of year $132,591$129,980

X-26 Total liabilitiesStart of year $132,591$129,980

X-32 Total net assets or fund balancesStart of year $157,681$348,501

X-33 Total liabilities and net assetsStart of year $290,272$478,481

Part XI · Reconciliation of net assets $348,501 net assets at year end

XI-1 Total revenue$266,528

XI-2 Total expenses$72,908

XI-3 Revenue less expenses$193,620

XI-4 Net assets at start of year$157,681

XI-9 Other changes in net assets−$2,800

XI-10 Net assets at end of year$348,501

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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