Hope Communities Inc is located in Denver, CO. The organization was established in 1981. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Hope Communities Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Communities 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 Communities Inc generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 10.2% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE STRENGTHEN COMMUNITIES AND PROVIDE PATHWAYS TO ECONOMIC AND PERSONAL OPPORTUNITY THROUGH AFFORDABLE HOUSING, EDUCATIONAL PROGRAMS AND SUPPORT SERVICES.
Describe the Organization's Program Activity:
PROGRAMS: REAL ESTATE DEVELOPMENT, AFFORDABLE HOUSING WITH DEEPLY SUPPORTIVE SERVICESHOPE COMMUNITIES WAS ESTABLISHED 42 YEARS AGO, IN 1980, BY VISIONARIES RAY AND MARILYN STRANSKE. IT WAS INITIATED AS A MEANS TO PROVIDE TRAINING, SUPPORT SERVICES AND HOUSING TO LOW-INCOME INDIVIDUALS AND FAMILIES EITHER EXPERIENCING OR AT THE BRINK OF HOMELESSNESS. THEY QUICKLY REALIZED THAT PEOPLE HAD A DIFFICULT TIME ADVANCING TOWARD SELF-SUFFICIENCY IF THEY DID NOT HAVE A SAFE PLACE TO CALL HOME. THEY BEGAN A QUEST TO OFFER QUALITY, AFFORDABLE HOUSING WITH SUPPORTIVE PROGRAMS AND SERVICES, WHICH HAS BEEN VITALLY IMPORTANT EVER SINCE. OVER THE YEARS, HOPE HAS BUILT, PURCHASED OR RENOVATED NEARLY 800 RENTAL UNITS FOR LOW-INCOME RENTERS.THE ORGANIZATION'S GENESIS OCCURRED IN THE HISTORIC FIVE POINTS NEIGHBORHOOD, THOUGH OVER THE YEARS THEY EXPANDED THEIR INVENTORY TO PROVIDE RENTAL UNITS IN MULTIPLE NEIGHBORHOODS IN DENVER. THEY WERE THE FIRST TO BUILD A NEW MIXED-USE, MIXED INCOME TOD BUILDING ON DENVER'S WELTON STREET LIGHT RAIL LINE WITH 9% LOW INCOME HOUSING TAX CREDITS (LIHTC), RENOVATED A 130-UNIT APARTMENT COMPLEX IN EAST DENVER AND PURCHASED 93 TOWNHOUSES IN NORTH PARK HILL. MOST RECENTLY, HOPE PURCHASED AND RENOVATED AN HISTORIC BUILDING IN FIVE POINTS TO USE AS A COMMUNITY CENTER WITH HISTORIC AND NEW MARKET TAX CREDITS.HOPE CURRENTLY HOLDS 278 AFFORDABLE UNITS ACROSS DENVER. THE ORGANIZATION CONTINUES TO SEEK OPPORTUNITIES FOR FUTURE HOUSING DEVELOPMENT IN A CITY THAT DESPERATELY NEEDS AFFORDABLE HOMES FOR ITS CURRENT EMPLOYEES AND OTHERS MIGRATING TO THE MILE-HIGH CITY. THEY CONTINUE TO OFFER A FULL ARRAY OF PROGRAMS AND SERVICES THAT ARE CUSTOMIZED BY PROPERTY, INFORMED BY RESIDENT NEED AND GEARED TO SUPPORT EQUITABLE ACCESS TO OPPORTUNITY.
PROGRAMS: HOUSING STABILITY, EDUCATION, RESOURCE NAVIGATION, BASIC NEEDS, EMPLOYMENT, HEALTH &WELLNESS, REFUGEE INTEGRATION PROGRAMS AND SERVICES FOR ADULTS AND CHILDREN.WE CREATE AND OFFER RESIDENTS AND INDIVIDUALS FROM AREA NEIGHBORHOODS QUALITYEDUCATIONAL AND ENRICHMENT OPPORTUNITIES UNIQUE TO THE INDIVIDUALS WE SERVE. WESTRIVE FOR HOPE'S RESIDENTS TO BE EMPOWERED, SELF-SUSTAINABLE AND ACTIVE MEMBERS OFTHE GREATER COMMUNITY. WE PROVIDE BOTH DIRECT PROGRAMS AND SERVICES AS WELL ASLEVERAGING THIRD-PARTY SERVICE PROVIDERS TO ASSIST HOPE COMMUNITIES RESIDENTS ANDNEIGHBORS. HOPE PROVIDES HOUSING, PROGRAMS AND SERVICES TO MORE THAN 1,850INDIVIDUALS PER YEAR.*HOUSING STABILITY: HOPE PROVIDES AFFORDABLE HOUSING TO MORE THAN 640 INDIVIDUALS AT 4 PROPERTIES ACROSS DENVER. ADDITIONALLY, NAVIGATORS HELP CLIENTS FROM THE BROADER COMMUNITY TO SECURE AND RETAIN STABLE HOUSING.*RESOURCE NAVIGATION MANY CLIENTS WHO LIVE ON HOPE PROPERTIES AND FROM SURROUNDINGNEIGHBORHOODS NEED ASSISTANCE SECURING BASIC NEEDS AND GETTING RESOURCES TO ADVANCESELF-SUFFICIENCY AND IMPROVE THEIR QUALITY OF LIFE. THE PERCENTAGE OF CLIENTS SERVEDBY HOPES PROGRAM TEAM THAT DO NOT LIVE ON PROPERTY INCREASED DRAMATICALLY IN 2020 TO 42%. MANY OF THOSE CLIENTS NEED ASSISTANCE FINDING HOUSING, IN ADDITION TO BASICNEEDS AND RESOURCES TO IMPROVE WORK, SCHOOL AND HEALTH.*EMPLOYMENT: HOPE PROVIDES EXTENSIVE SUPPORT FOR HARD-TO-EMPLOY CLIENTS TO IMPROVETHEIR TECHNICAL SKILLS AND WORK THROUGH THE EMPLOYMENT PROCESS. HOPE PROVIDES DIRECTSERVICES AND RESOURCE NAVIGATION FOR ASSOCIATED CAREER NEEDS, AND ALSO LEVERAGES THERESOURCES OF AREA EMPLOYERS AND TRAINING PROGRAMS.*REFUGEE INTEGRATION PROGRAMS: HOPE PROVIDES RESOURCE NAVIGATION AND SPECIALIZEPROGRAMS TO REFUGEE CLIENTS ACROSS THE COMMUNITY TO HELP THEM SUCCESSFUL INTEGRATEAND THRIVE. THE ORGANIZATION HAS EMPLOYED STAFF WITH CULTURAL COMPETENCIES AND MORE THAN A DOZEN LANGUAGES TO SUPPORT THESE FAMILIES AND INDIVIDUALS. COMMUNITYNAVIGATORS WORK WITH CLIENTS IN DENVER, AURORA, NORTHGLENN, LAKEWOOD AND OTHERLOCATIONS ACROSS THE FRONT RANGE.*ADULT EDUCATION - HOPE COMMUNITIES RESIDENTS ARE DIVERSE. EDUCATION AND OPPORTUNITY ARE KEYS TO ECONOMIC MOBILITY AND SELF-SUFFICIENCY. HOPE COMMUNITIES PROVIDES PROGRAMS AND SERVICES THAT ENCOURAGE AND ENGAGE ADULT LEARNERS TO ACQUIRE AND ADVANCE SKILL SETS. SOME OF THESE INCLUDE: COMPUTER CLASSES, CAREER EXPLORATION AND WORKFORCE TRAINING, HEALTH LITERACY, AND ENGLISH LANGUAGE LEARNING CLASSES (READING, WRITING, MULTI-LEVEL CLASSES), PARENTING, CULTURAL COMPETENCIES AND LEADERSHIP DEVELOPMENT. THE ORGANIZATION HAS ADDED MORE PROGRAMS AND SERVICES FOR SENIORS TO HELP THEM ACCESS BASIC NEEDS, HEALTHCARE, REDUCE SOCIAL ISOLATION AND SECURE THE OTHER RESOURCES THEY NEED TO STAY INDEPENDENTLY IN THEIR HOMES.*YOUTH EDUCATION - HOPE COMMUNITIES OFFERS EARLY CHILDHOOD EDUCATION, HEALTHYPARENT-CHILD RELATIONSHIP PROGRAMS, AS WELL AS AFTER-SCHOOL AND SUMMER ENRICHMENT,ACADEMIC SUPPORT, TUTORING, LEADERSHIP DEVELOPMENT AND PROGRAMS/ACTIVITIES TO ADVANCE SOCIAL-EMOTIONAL DEVELOPMENT. SOME SPECIFIC PROGRAMS INCLUDE: READY TOTS, HOMEWORK HELP, YOUTH MENTORING AND SUMMER ENRICHMENT PROGRAMS SUCH AS BIG CITY MOUNTAINEERING OVERNIGHT CAMP, HEALTH & NUTRITION, YOUTH GARDEN PROGRAM, BOYZ IN THE GARDENS AND THE GIRLS EMPOWERMENT GROUP. HOPE AIMS TO HELP CHILDREN AND YOUTH BE SCHOOL READY, HAVE ACADEMIC SUCCESS, FURTHER SOCIAL/EMOTIONAL DEVELOPMENT, MAKE HEALTHY CHOICES AND BUILD CHARACTER.*HEALTH AND WELLNESS HOPE USES ON-SITE HEALTH FAIRS; HEALTH LITERACY, PATIENTNAVIGATION AND A MYRIAD OF OTHER PROGRAMS TO AID RESIDENTS IN IMPROVING HEALTH AND WELLNESS. IN THE LAST YEAR, MANY MORE SERVICES WERE EXPANDED TO SUPPORT FOODINSECURITY, PROVIDE BASIC NEEDS, INCREASE UNDERSTANDING OF COVID 19 AND STRATEGIESRELATED TO THE VIRUS. THE ORGANIZATION ALSO INCREASED OUTREACH PROGRAMS TO SUPPORTMENTAL HEALTH AND EMOTIONAL WELL-BEING DURING THIS TRYING TIME. HOPE COMMUNITIESOFFERS DIRECT SERVICES AND PARTNERS WITH PROGRAMS TO FULFILL HEALTH AND WELLNESSGOALS.*CASE MANAGEMENT - INDIVIDUAL AND FAMILY CASE MANAGEMENT SERVICES SUPPORT THE BASICNEEDS OF RESIDENTS AND OUTSIDE COMMUNITY MEMBERS. RESOURCE NAVIGATION IS PROVIDED TOHELP RESIDENTS WORK EFFECTIVELY WITH KEY CONTACTS IN THE COMMUNITY (SUCH AS THEIRCHILDREN'S SCHOOL, HEALTH CLINICS, EMPLOYERS, ETC.) AND TO ASSIST WITHPROBLEM-SOLVING, LEGAL ISSUES AND INDIVIDUAL GOAL ATTAINMENT. ON-SITE INTERPRETATIONSERVICES ARE AVAILABLE WHEN NEEDED. THE SPRING INSTITUTES PROJECT SHINE PROGRAMOFFERS INDIVIDUAL AND FAMILY HEALTH-SPECIFIC PATIENT NAVIGATION ASSISTANCE.*HOLIDAY TREASURE STORE - HOPE COMMUNITIES PROVIDES AN OPPORTUNITY FOR PARENTS TOSHOP FOR THEIR CHILDREN EACH DECEMBER THROUGH THE HOLIDAY TREASURE STORE. NEW,DONATED GIFTS ARE PROVIDED TO PARENTS FREE OF CHARGE TO PASS ON TO THEIR CHILDREN WHO LIVE AT OUR PROPERTIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sharon A Knight President & CEO | Officer | 40 | $151,521 |
Kelly Kaminskas Chairman | OfficerTrustee | 0.81 | $0 |
Jenica Shippy Treasurer | OfficerTrustee | 0.42 | $0 |
Aaron Krasnow Vice Chair | OfficerTrustee | 0.49 | $0 |
Emily Charlesworth Board Member | Trustee | 0.5 | $0 |
Kenneth Floyd Board Member | Trustee | 0.71 | $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 | $1,769,799 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,769,799 |
Total Program Service Revenue | $3,010,975 |
Investment income | $1,005 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $515,359 |
Net Income from Fundraising Events | $47,297 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,356,175 |
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. | $166,590 |
Compensation of current officers, directors, key employees. | $16,659 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,258,810 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $64,232 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $21,624 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $280,284 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $424,526 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $637,471 |
Insurance | $385,027 |
All other expenses | -$1,528,342 |
Total functional expenses | $2,822,143 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,215,735 |
Savings and temporary cash investments | $1,681,448 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $771,593 |
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 | $51,831 |
Net Land, buildings, and equipment | $11,439,243 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $322 |
Other assets | -$5,914,249 |
Total assets | $12,245,923 |
Accounts payable and accrued expenses | $512,245 |
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 | $8,844,302 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | -$5,263,913 |
Total liabilities | $4,092,634 |
Net assets without donor restrictions | $6,739,956 |
Net assets with donor restrictions | $1,413,333 |
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 | $12,245,923 |
Over the last fiscal year, we have identified 13 grants that Hope Communities Inc has recieved totaling $1,131,589.
Awarding Organization | Amount |
---|---|
The Colorado Health Foundation Denver, CO PURPOSE: STRENGTHEN COMMUNITY HEALTH | $588,444 |
The Colorado Health Foundation Denver, CO PURPOSE: STRENGTHEN COMMUNITY HEALTH | $274,653 |
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $78,300 |
Caring For Colorado Foundation Denver, CO PURPOSE: SUPPORT FOR FAMILY S | $60,000 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $40,625 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $34,115 |
Organization Name | Assets | Revenue |
---|---|---|
Irc Ii Inc Omaha, NE | $77,092,812 | $15,244,348 |
Mercy Housing Wheaton Nfp Denver, CO | -$15,968,467 | $14,335,053 |
Rocky Mountain Mutual Housing Association Inc Denver, CO | $89,135,511 | $15,318,775 |
Equality Community Housing Corporation Glendale, AZ | $43,109,186 | $12,960,879 |
Mercy Housing Northwest Denver, CO | $73,547,369 | $9,509,795 |
Ark Regional Services Inc Laramie, WY | $4,970,092 | $7,518,317 |
Community Housing Concepts Inc Denver, CO | $87,603,673 | $7,035,643 |
Community Resources & Housing Development Corporation Westminster, CO | $39,546,722 | $6,041,584 |
Elevation Community Land Trust Denver, CO | $49,445,560 | $8,122,320 |
Residences At Eaton Senior Communities Lakewood, CO | $12,361,716 | $4,288,663 |
Arizona Housing Inc Phoenix, AZ | $15,313,221 | $3,724,119 |
Thistle Community Housing Boulder, CO | $53,794,788 | $7,131,075 |