Hope Community Development Association Inc
- Assets
- $675.5k
- Revenue
- $783.1k
- Investments
- $0.0
- Employees
- 30
- Location
- Cedar Rapids, IA
- Founding
- 11/2011
- Data as of
- 12/2021
- EIN
- 27-2950701
Organization Overview
Hope Community Development Association Inc is located in Cedar Rapids, IA. The organization was established in 2011. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Hope Community Development Association Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Community Development Association Inc 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 Community Development Association Inc generated $783.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $691.5k during the year ending 12/2021. While expenses have increased by 13.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EQUIPPING INDIVIDUALS TO TRANSFORM THEIR LIVES THROUGH GAINFUL EMPLOYMENT AND SKILLFUL LIVING AND TO PROVIDE ASSISTANCE TO LOWER INCOME FAMILIES IN NEED OF HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION AND REFURBISHMENT OF BLIGHTED HOUSES TO BE SOLD TO LOW TO MODERATE FAMILIES. HOME BUYER CLOSING COST/DOWN PAYMENT ASSISTANCE.
CAREER TRAINING INCLUDING ON THE JOB EXPERIENCE IN CONSTRUCTION, LANDSCAPING AND WOODCRAFTS, AS WELL AS JOB PREPARATION CLASSES.
SUPPORTING HOUSING FOR PARTICIPANTS IN THE TRANSFORMATION AND CAREER TRAINING PROGRAM. LIFE SKILLS CLASSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Johnson President | OfficerTrustee | $0 | |
Travis Kolder Treasurer | OfficerTrustee | $0 | |
Terry Knake Vice Preside | OfficerTrustee | $0 | |
Ronald L Ziegler Exec Directo | OfficerTrustee | $0 | |
Terry Bilsland Director | Trustee | $0 | |
Betty Johnson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,008 |
| Related organizations | $0 |
| Government grants | $73,991 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,134 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $294,133 |
| Total Program Service Revenue | $488,922 |
| Investment income | $0 |
| 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 | $783,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $270,244 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,548 |
| Payroll taxes | $20,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $393 |
| Advertising and promotion | $0 |
| Office expenses | $15,938 |
| Information technology | $4,632 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,776 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,127 |
| Insurance | $6,176 |
| All other expenses | $104,811 |
| Total functional expenses | $691,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,746 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $208,784 |
| Prepaid expenses and deferred charges | $10,656 |
| Net Land, buildings, and equipment | $441,288 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $675,474 |
| Accounts payable and accrued expenses | $38,757 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $441,816 |
| Total liabilities | $480,573 |
| Net assets without donor restrictions | $194,901 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $675,474 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hope Community Development Association Inc has recieved totaling $37,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $25,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Entertainment & Omaha, NE | $158,635,208 | $95,451,675 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |