2024-09-23T07:48:54-07:00 2023-12-31 870325228 HAYNIE & COMPANY 1785 WEST 2300 SOUTH SALT LAKE CITY UT 84119 990 2023-01-01 840829068 HOPE COMMUNITIES INC HOPE 3038607747 2543 CALIFORNIA STREET DENVER CO 80205 SHARON A KNIGHT President & CEO 2024-09-23 true true Brian S Jacobson CPA P00668876 8019724800 2023 2024-08-08 14:25:15Z 2543 CALIFORNIA STREET DENVER CO 80205 4626000 false X HOPECOMMUNITIES.ORG X 1980 CO We strengthen communities and provide pathways to economic and personal opportunity through affordable housing, educational programs and support services. 13 13 44 318 0 814534 1160745 3077642 3146263 3766 72729 320952 237293 4216894 4617030 0 0 1695393 2015296 0 215407 3201270 3586112 4896663 5601408 -679769 -984378 17412682 16377778 9428486 9337904 7984196 7039874 We strengthen communities and provide pathways to economic and personal opportunity through affordable housing, educational programs and support services. false false 4874182 3296734 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. 4874182 true true false false false false false false false false true false false false true true true true false false false false false false true false false false false true false false false false false false false false true false false false true true false false false true 17 0 true 44 true true true false false false false false false 0 false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true true true false X X THE ORGANIZATION 3038607747 2543 CALIFORNIA STREET DENVER CO 80205 Sharon A Knight President & CEO 40.00 0.00 X 160984 0 20544 Greg Glade Board Member 0.61 0.00 X 0 0 0 Adam Riddle Board Member 0.69 0.00 X 0 0 0 Emily Charlesworth Secretary 0.69 0.00 X X 0 0 0 Debbie Herrera Board Member 0.42 0.00 X 0 0 0 Chuong Le Chairman 0.74 0.00 X X 0 0 0 Maggie Bolden Board Member 0.60 0.00 X 0 0 0 Kelly Kaminskas Board Member 0.60 0.00 X 0 0 0 Vanecia Kerr Board Member 0.69 0.00 X 0 0 0 Kenneth Floyd Board Member 0.68 0.00 X 0 0 0 Tracey Stewart Board Member 0.48 0.00 X 0 0 0 Joseph Espinosa Board Member 0.71 0.00 X 0 0 0 Jenica Shippy Treasurer 0.41 0.00 X X 0 0 0 Laurie Zeller Board Member 1.11 0.00 X 0 0 0 160984 20544 1 false true false 0 1160745 256770 1160745 Gross Rents 531110 3146263 3146263 3146263 72729 72729 0 0 0 0 95865 8970 86895 0 0 NON CONTROLLING INTEREST -73 -73 OTHER INCOME 150471 150471 150398 4617030 3296661 72729 0 0 0 0 181528 136146 18153 27229 0 1833768 1569709 89627 174432 0 0 0 0 95757 46627 49130 0 0 0 0 0 14794 1048 13746 0 0 0 330792 310025 20767 0 0 0 384774 337020 47754 0 599186 531552 67634 466447 364418 102029 Operating and Maintenance 729261 692737 36524 Resident Programs 563626 563626 Administrative Expense 163981 83780 80201 Repairs and Maintenance 137730 137730 99764 99764 5601408 4874182 511819 215407 4270677 3774190 1749737 1885831 0 455914 176092 0 0 0 0 61052 77008 21602847 11137921 10875584 10464926 0 0 0 0 -282 -269 17412682 16377778 522686 705805 77633 50168 8635595 8390729 192572 191202 9428486 9337904 X 6686573 5994247 1297623 1045627 7984196 7039874 17412682 16377778 -984378 40056 X false true X false false X 515275 1011806 1820500 900217 1160745 5408543 0 0 515275 1011806 1820500 900217 1160745 5408543 0 5408543 12821 3711 1005 3766 72729 94032 0 0 5502575 0.98290 0.99410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1696845 1696845 18813624 10142709 8670915 22793 22793 1069585 972419 97166 10464926 NON CONTROLLING INTEREST -284 SECURITY DEPOSITS 191486 191202 X 4666130 40057 73 40130 4626000 -8970 -8970 4617030 5610470 92 92 5610378 -8970 -8970 5601408 Part X : FIN48 Footnote Hope is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and a similar provision of state law. However, Hope is subject to federal income tax on any unrelated business taxable income. Hope also pays property taxes for residential and commercial properties, as each is identified as a separate business entity under the umbrella of the 501(c)(3). Hope files tax returns in the U.S. federal jurisdiction. Hope has support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Tax years that remain subject to examination are years 2021 and forward.Hope's for-profit subsidiaries are subject to federal and state income taxes at the applicable corporate rates.Hope's variable interest entities are not directly subject to income taxes under the provisions of the Internal Revenue Code and applicable state laws. Therefore, taxable income or loss is reported to the individual members/partners for inclusion in their respective tax returns and no provision for federal and state income taxes has been included in the accompanying financial statements. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Non-Controlling Income $73 Part XII, Line 2d: Other expenses and losses per audited F/S Non-Controlling Program Expenses $92 X false Hope for the Future 95865 95865 8970 95865 95865 8970 8970 86895 X false false false false false false false false false Sharon A Knight President & CEO 160984 20544 181528 VARIOUS ITEMS 256770 FMV false false false Form 990, Part VI, Section B, Line 11b The Finance Committee members and Executive Director individually review the completed Form 990, then review the document together with Haynie and Company, CPAs, the preparer. The Finance committee recommends the Form 990 for acceptance to the Board of Directors. Form 990, Part VI, Section B, Line 12c Each individual is asked to sign the conflict of interest policy annually. It isregularly reviewed by the Board of Directors and the CEO for any conflicts. Form 990, Part VI, Section B, Line 15a Executive compensation was determined via a review of similar positions in similarlysized nonprofit organizations and housing providers in the metro Denver area. The Board also reviewed salary surveys provided by Mountain States Employers Council, Colorado NonProfit Association and PayScale. Form 990, Part VI, Section B, Line 15b The Board reviewed summary data from salary surveys including information from Mountain States Employers Council, Colorado NonProfit Association and PayScale regarding key employee salaries. Form 990, Part VI, Section C, Line 19 All documents which are open to the public disclosure rules are made available uponrequest. Detail of non controlling interest adjustments Hidden Brook Noncontrolling Int TotalsTotal Revenue 1,455,383 .005% 73 Reported Part VIII, Line 11bTotal Expenses 1,831,939 .005% 92 Reported Part IX, Line 24eNet Income/(Loss) (376,556) .005% (19) Assets 5,370,538 .005% 269 Reported Part X, Line 15bLiab 5,689,766 .005% 284 Reported Sch D, Pt X, Line 2Net (319,228) Unrestricted assets-non controlling int per F/S (355) Net adjustment from above 319,228Net unrestricted assets-non controlling entities 318,873 KITTYHAWK LLC 2543 CALIFORNIA STREET DENVER CO 80205 841482065 LOW-INC APART CO 206486 3105895 NA HOPE COMMUNITIES NEIGHBORHOOD CENTER LLC 2543 CALIFORNIA STREET DENVER CO 80205 840829068 NEIGHBORHOOD CENTER CO 30000 1759107 NA HOPE DEVELOPMENT LLC 2543 CALIFORNIA STREET DENVER CO 80205 841532754 LOW-INC HOUSE CO 5863 376021 NA WESTERLY CREEK HOMES LLC 2543 CALIFORNIA STREET DENVER CO 80205 840829068 HOLDING CO. 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