Hope Housing Foundation

Organization Overview

Hope Housing Foundation is located in Mckinney, TX. The organization was established in 2000. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Housing Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Hope Housing Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PROMOTION AND CREATION OF QUALITY AFFORDABLE HOUSING FOR SENIORS, STUDENTS, AND LOW TO MODERATE INCOME FAMILIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONSTRUCT, REHAB AFFORDABLE COMMUNITY HOUSING PROPERTIES FOR LOW AND MODERATE INCOME PERSONS, AND PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME TENANTS.


CONSTRUCT, REHAB AFFORDABLE COMMUNITY HOUSING PROPERTIES FOR LOW AND MODERATE INCOME PERSONS, AND PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME TENANTS.


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Board, Officers & Key Employees

Name (title)Compensation
Alvin Johnson
President
$0
Doneric Norwood
Chairman
$0
Darrel Foster
Director
$0
Susan Richardson
Director
$0
Darren Stover
Director
$0
Derrick Bridgett
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Insperity
Employee Leasing
$1,386,447
Diversifed Improvement Contractors
Building Contractor
$794,088
Assured Technology
General Contractor
$548,689
R&l Services
Hvac Service
$289,679
Miranda Group
General Contractor
$244,658
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $914,402
All other contributions, gifts, grants, and similar amounts not included above$1,074
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$915,476
Total Program Service Revenue$1,382,106
Investment income $5
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,782,264

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