Hope For The Inner City Inc is located in Chattanooga, TN. The organization was established in 1997. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 01/2022, Hope For The Inner City Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope For The Inner City 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 01/2021, Hope For The Inner City Inc generated $770.5k 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 (5.1%) each year. All expenses for the organization totaled $606.5k during the year ending 01/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 6 years. 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
HOPE FOR THE INNER CITY IS A CHRISTIAN ORGANIZATION WHICH PARTNERS WITH LOCAL CHURCHES AND OTHER LIKE-MINDED ORGANIZATIONS TO BRING HOPE AND COMMUNITY DEVELOPMENT TO TARGETED COMMUNITIES BY OFFERING CHRIST-CENTERED PROGRAMS AND SERVICES TO MEET THE PHYSICAL AND SPIRITUAL NEEDS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
URBAN MINISTRY TEAMS EXPOSE MEMBERS TO COMMUNITY DEVELOPMENT, JUSTICE ISSUES, RACIAL RECONCILIATION AND EVANGELISM, IN ADDITION TO PROVIDING TRANSITIONAL HOUSING, HOLIDAY PROGRAMS, AND ORGANIZATIONAL INCUBATION.
DENTAL PROGRAMS - THE DENTAL PROGRAM PROVIDES DENTAL SERVICES TO NEEDY INDVIDUALS WITH AN ON-SITE DENTAL CLINIC OPERATED ON THE CAMPUS BY PROFESSIONAL VOLUNTEERS IN THE MEDICAL FIELD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Anthony Watkins Executive Director | Officer | 40 | $56,542 |
Willa Ibach Secretary | OfficerTrustee | 0.5 | $0 |
Deborah Duncan Treasurer | OfficerTrustee | 0.5 | $0 |
Dr Joyce Hardaway Board Member | Trustee | 0.5 | $0 |
David C Hoffecker Board Member | Trustee | 0.5 | $0 |
Lisa Warren Board Member | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $665,353 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $665,353 |
Total Program Service Revenue | $74,503 |
Investment income | $4 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $8,400 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $770,548 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $14,178 |
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 | $303,714 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $8,879 |
Payroll taxes | $22,265 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $43,203 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $18,454 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $31,279 |
Travel | $1,182 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $18,574 |
Insurance | $30,220 |
All other expenses | $32,593 |
Total functional expenses | $606,483 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $89,775 |
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 | $0 |
Prepaid expenses and deferred charges | $5,335 |
Net Land, buildings, and equipment | $207,213 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $302,323 |
Accounts payable and accrued expenses | $59,575 |
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 | $5,431 |
Unsecured mortgages and notes payable | $67,865 |
Other liabilities | $0 |
Total liabilities | $132,871 |
Net assets without donor restrictions | $144,853 |
Net assets with donor restrictions | $24,599 |
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 | $302,323 |
Over the last fiscal year, we have identified 7 grants that Hope For The Inner City Inc has recieved totaling $195,594.
Awarding Organization | Amount |
---|---|
Chattanooga Christian Community Foundation Chattanooga, TN PURPOSE: IN FURTHERANCE OF FOUNDATION'S PURPOSES | $128,950 |
Weldon F Osborne Foundation Inc Chattanooga, TN PURPOSE: CAPITAL CAMPAIGN | $30,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Crichton Family Foundation Columbia, TN PURPOSE: GENERAL SUPPORT OF OPERATIONS | $10,000 |
Tennessee Health Foundation Inc Chattanooga, TN PURPOSE: DONATION - 2:1 MATCH FOR DARRELL FREEMAN | $10,000 |
Astre Foundation Chattanooga, TN PURPOSE: OPERATIOS | $1,500 |
Organization Name | Assets | Revenue |
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Telamon Corporation Raleigh, NC | $28,971,791 | $85,006,099 |
Dismas Charities Inc Louisville, KY | $50,549,022 | $73,995,842 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Audubon Area Community Services Inc Owensboro, KY | $41,933,406 | $49,214,124 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Navy Marine Coast Guard Residence Foundation Mclean, VA | $169,576,374 | $36,329,894 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Ozarks Area Community Action Corporation Springfield, MO | $15,052,637 | $33,091,507 |
Blue Grass Community Action Partnership Inc Frankfort, KY | $7,918,674 | $28,900,392 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |