Hope Housing Development Corporation
- Assets
- $366.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hope, ND
- Founding
- 05/1968
- Data as of
- 12/2023
- EIN
- 45-6017284
Organization Overview
Hope Housing Development Corporation is located in Hope, ND. The organization was established in 1968. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Housing Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Hope Housing Development Corporation generated $145.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $152.5k during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE AFFORDABLE HOUSING TO LOW INCOME AND ELDERLY PEOPLE OF THE HOPE ND COMMUNITY AND TO MAINTAIN THE FACILITIES IN THE BEST POSSIBLE CONDITION. THERE ARE 23 UNITS AVAILABLE FOR RENT IN THIS PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Ihry President | 5 | $0 | |
Tim Powell Vice President | 5 | $0 | |
Susan Bellon Board Member | 5 | $0 | |
Deb Johnson Board Member | 5 | $0 | |
Cynthia West Board Member | 5 | $0 | |
Sue Parkman Manager | 15 | $18,675 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,000 |
| Total Program Service Revenue | $126,894 |
| Membership dues | $0 |
| Investment income | $43 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,262 |
| Total Revenue | $145,199 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,209 |
| Professional fees and other payments to independent contractors | $840 |
| Occupancy, rent, utilities, and maintenance | $47,008 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $77,456 |
| Total expenses | $152,513 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,305 |
| Other assets | $0 |
| Total assets | $366,809 |
| Total liabilities | $294,430 |
| Net assets or fund balances | $72,379 |