Hope Communities Inc

Organization Overview

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 12/2023, Hope Communities Inc employed 44 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 12/2022, Hope Communities Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $4.9m during the year ending 12/2022. While expenses have increased by 16.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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:

Part 3 - Line 4a

PROGRAMS: REAL ESTATE DEVELOPMENT, AFFORDABLE HOUSING WITH DEEPLY SUPPORTIVE SERVICESHOPE COMMUNITIES WAS ESTABLISHED 44 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 3,600INDIVIDUALS PER YEAR. ALL PROGRAMS AND SERVICES ARE TAILORED TO CLIENT NEED, CULTURALLY NUANCES AND PROVIDED BY STAFF WHO SPEAK OVER 20 LANGUAGES.*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 2023 TO 80%. 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 SPECIALIZEDPROGRAMS TO REFUGEE CLIENTS ACROSS THE METRO REGION INSTEAD OF COMMUNITY TO HELP THEM SUCCESSFUL INTEGRATE INTO THE COMMUNITY AND THRIVE. THE ORGANIZATION HAS EMPLOYED STAFF WITH CULTURAL COMPETENCIES AND MORE THAN A DOZEN LANGUAGES TO SUPPORT THESE FAMILIES AND INDIVIDUALS. COMMUNITY NAVIGATORS WORK WITH CLIENTS IN DENVER, AURORA, NORTHGLENN, LAKEWOOD AND OTHER LOCATIONS 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 YOUTH 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 THAT AND OTHER VIRUSES. THE ORGANIZATION ALSO INCREASED OUTREACH PROGRAMS TO SUPPORT MENTAL HEALTH AND EMOTIONAL WELL-BEING DURING THIS TRYING TIME. HOPE COMMUNITIES OFFERS DIRECT SERVICES AND PARTNERS WITH PROGRAMS TO FULFILL HEALTH AND WELLNESS GOALS.*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.


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Board, Officers & Key Employees

Name (title)Compensation
Sharon A Knight
President & CEO
$160,984
Greg Glade
Board Member
$0
Adam Riddle
Board Member
$0
Emily Charlesworth
Secretary
$0
Debbie Herrera
Board Member
$0
Chuong Le
Chairman
$0

Financial Statements

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$814,534
Noncash contributions included in lines 1a–1f $194,978
Total Revenue from Contributions, Gifts, Grants & Similar$814,534
Total Program Service Revenue$3,077,642
Investment income $3,766
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $77,908
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,216,894

Peer Organizations

Organization NameAssets
Irc Ii Inc
Omaha, NE
$15,041,062
Community Housing Concepts Inc
Denver, CO
$9,537,294
Ark Regional Services Inc
Laramie, WY
$8,579,595
Mercy Housing Northwest
Denver, CO
$18,608,088
Elevation Community Land Trust
Denver, CO
$12,223,973
Arizona Housing Inc
Phoenix, AZ
$6,655,004
Community Resources & Housing Development Corporation
Westminster, CO
$6,041,584
Residences At Eaton Senior Communities
Lakewood, CO
$5,045,629
Hope Communities Inc
Denver, CO
$4,216,894
Thistle Community Housing
Boulder, CO
$4,242,640
Housing In Omaha Inc
Omaha, NE
$6,181,974
Rainbow Housing Assistance Corporation
Glendale, AZ
$4,295,442
Kivel Manor Inc
Phoenix, AZ
$3,402,119
Rocky Mountain Mutual Housing Association Inc
Denver, CO
$2,609,294
Affordable Community Housing Trust
Edmond, OK
$3,021,374
Assisi Homes-Batavia Apartments Inc
Denver, CO
$3,956,638
Mercy Housing Wheaton Nfp
Denver, CO
$1,690,164
Hover Village Inc
Longmont, CO
$954,664
Villages Ltd
Fort Collins, CO
$10,645,177
Utah Regional Housing Corporation
Provo, UT
$8,123,959
Tierra Del Sol Housing Corporation
Las Cruces, NM
$2,505,341
Housing America Corporation
Somerton, AZ
$3,554,213
Mercy Properties California
Denver, CO
$4,839,763
Assisi Homes-Jefferson Court Inc
Denver, CO
$2,893,780
Southeast Colorado Enterprise Development Inc
Lamar, CO
$1,702,636

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