Hope Village Inc
- Assets
- $46.8m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Canby, OR
- Founding
- 12/1984
- Data as of
- 09/2023
- EIN
- 93-0865399
Organization Overview
Hope Village Inc is located in Canby, OR. The organization was established in 1984. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2023, Hope Village Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Village 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 09/2023, Hope Village Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $3.4m during the year ending 09/2023. While expenses have increased by 6.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RESIDENTIAL HOUSING AND COORDINATE SERVICES FOR SENIORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL HOUSING AND AMENITIES FOR SENIORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Gingerich Executive Di | Officer | 40 | $0 |
John Colvin President | OfficerTrustee | 2 | $0 |
Doug Sprague Vice Preside | OfficerTrustee | 2 | $0 |
Clark Yoder Secretary | OfficerTrustee | 2 | $0 |
Tom O'brien Resident Rep | Trustee | 2 | $0 |
Norm Lind Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Canby Excavating Inc Excavation | 9/29/23 | $1,099,231 |
Triplett Wellman Inc Construction | 9/29/23 | $1,061,898 |
Mennonite Services Nw Management | 9/29/23 | $265,693 |
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 | $1,465 |
| Noncash contributions included in lines 1a–1f | $625 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,465 |
| Total Program Service Revenue | $3,869,329 |
| Investment income | $171,145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$74,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,967,592 |
| 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. | $162,592 |
| Compensation of current officers, directors, key employees. | $162,592 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $549,045 |
| Pension plan accruals and contributions | $17,286 |
| Other employee benefits | $96,942 |
| Payroll taxes | $81,340 |
| Fees for services: Management | $152,171 |
| Fees for services: Legal | $1,271 |
| Fees for services: Accounting | $30,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,676 |
| Fees for services: Other | $4,893 |
| Advertising and promotion | $74,985 |
| Office expenses | $3,904 |
| Information technology | $22,200 |
| Royalties | $0 |
| Occupancy | $910,366 |
| Travel | $379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,151 |
| Interest | $209 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,086,570 |
| Insurance | $101,220 |
| All other expenses | $10,592 |
| Total functional expenses | $3,425,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,661,732 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $292,046 |
| 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 | $82,422 |
| Net Land, buildings, and equipment | $36,756,876 |
| Investments—publicly traded securities | $2,023,420 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,505 |
| Total assets | $46,841,001 |
| Accounts payable and accrued expenses | $1,313,753 |
| Grants payable | $0 |
| Deferred revenue | $13,177,617 |
| 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 | $9,591,807 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,552,363 |
| Total liabilities | $39,635,540 |
| Net assets without donor restrictions | $7,205,461 |
| 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 | $46,841,001 |