2024-09-09T13:14:45-07:00 2023-12-31 541950231 DOOLEY & VICARS 21 S SHEPPARD ST RICHMOND VA 23221 990 2023-01-01 541997025 URBAN HOPE INC URBA 8043962198 P O Box 23171 Richmond VA 23223 Sarah Hale Executive Director 8043962198 2024-08-22 true true Michael H Vicars P01470822 8043552808 2024-09-09 2023 2024-08-08 14:25:15Z Sarah Hale P O Box 23171 Richmond VA 23223 1989201 false X www.urbanhoperva.org X 2000 VA The primary focus of Urban Hope is to partner with families who seek affordable rental housing and/or home ownership. 8 8 7 70 0 0 1311343 1714416 234349 274672 65 113 0 1545757 1989201 0 0 365358 536739 0 103211 545843 534502 911201 1071241 634556 917960 4846547 5375606 3091855 2702954 1754692 2672652 Founded in 2000, Urban Hope is a housing nonprofit that partners with clients to gain financial health, secure safe, quality, affordable rental housing, and chart pathways to homeownership. false false 732098 0 1989201 Highlights of Urban Hopes program accomplishments for 2023: By the end of 2023, Urban Hope provided 35 units of rental housing, with 104 tenants housed throughout the year and living in stable, safe, affordable housing. With tremendous community support, Urban Hope kept 90% of our tenants stably and safely housed throughout the last year. Several of our clients moved from unstable circumstances and escaped displacement by transitioning into our rentals. Urban Hope completed its second new construction project on a land bank lot awarded by the City of Richmond, hired two new staff members, completed a capital campaign for our HW renovations, and were awarded over $1M in competitive grants for the preservation of 16 of our units. Urban Hope maintained partnership with 52 private lenders, which supported the purchase and renovation of properties. Urban Hope continued its successful financial cohort program, matching their savings 5:1, and reducing client debt, helping secure a drivers license and a new car, and much more. We continued offering financial health to the public as well. Urban Hope made great strides towards our mission of making home a cornerstone of opportunity by keeping it affordable. 732098 true true false false false false false false false false true false false true false false true false false false false false false false false false false false false false false false false false false false false false false false false false true true false false false true 58 0 true 7 true false false false false false false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true true true false X Urban Hope 8043962198 1111 N 25th 2 Richmond VA 23223 Sarah Hale President 40.00 X 117706 0 0 Dontrese Brown Board Chair 1.00 X X 0 0 0 Shawn Maida Treasurer 1.00 X X 0 0 0 Nelson Reveley Secretary 1.00 X X 0 0 0 Caitie Rountree Chan Director 1.00 X 0 0 0 Tom Mitchell Director 1.00 X 0 0 0 LeGrand Northcutt Director 1.00 X 0 0 0 Erin Rose Director 1.00 X 0 0 0 Allison Scott Director 1.00 X 0 0 0 117706 0 0 1 false false false 1714416 5544 1714416 Program Rental Income 531110 274672 0 0 274672 113 0 0 1989201 274785 0 0 117706 41197 52968 23541 384326 209078 118607 56641 34707 17152 11971 5584 6173 6173 0 0 13016 0 13016 0 9517 0 7239 2278 2008 992 693 323 19130 9454 6598 3078 6040 3352 1833 855 63390 63390 0 0 76758 76758 0 0 37036 34732 1571 733 Operating Expense 61103 30693 20718 9692 Program Expense 20001 20001 0 0 Property Expense 210769 210769 0 0 Software 9561 8357 718 486 1071241 732098 235932 103211 X 1058386 1010900 14235 21919 4514402 227809 3752335 4286593 37051 21591 19143 4846547 5375606 6791 19166 579574 602962 2505490 2080826 3091855 2702954 X 1597819 2240344 156873 432308 1754692 2672652 4846547 5375606 X 917960 X X false true X true false X 0 229822 474897 879798 1327283 1714416 4626216 0 0 229822 474897 879798 1327283 1714416 4626216 0 4626216 126444 178361 234414 274739 813958 0 0 5440174 0.85040 0.85010 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 888377 888377 3551210 222838 3328372 16872 4971 11901 57943 57943 4286593 Mortgage Escrows and Reserves 19143 Deposits 0 19143 1993445 4244 4244 1989201 1989201 1075485 4244 4244 1071241 1071241 Pt VI, Line 11b The form 990 is distributed electronically to the Governing body for review prior to filing. Pt VI, Line 12c The Board of Directors perform an annual review. Pt VI, Line 19 Documents are made upon request. Pt XI Prior Period Adjustment of $3,215 for change in beginning depreciation amount. Pt X Prior to 2021, the opportunity lender notes were classified as secured and held on line 23. During 2021 we have moved these to unsecured on line 24. Pt XII, Line 1 The Organization uses the cash hybrid method of accounting. Pt VI, Line 15a We have engaged a consultant, Fine HR Consulting, to help guide us in various areas of HR, as well as to conduct some of the HR tasks that are better handled by external professionals. One of those tasks is hiring, which includes marketplace assessments specific to the Richmond nonprofit community. In addition, we annually assess compensation data to ensure our employees are fairly paid, in accordance with their responsibilities and performance. Pt VI, Line 15b Please see 15a above. 1425 N 19th Street LLC P O Box 23171 Richmond VA 23223 1515 N 35th Street LLC P O Box 23171 Richmond VA 23223 1903 N 23rd Street LLC P O Box 23171 Richmond VA 23223 3516 E Richmond Road LLC P O Box 23171 Richmond VA 23223 615 N 30th Street LLC P O Box 23171 Richmond VA 23223 1325 N 27th Street LLC P O Box 23171 Richmond VA 23223 1417 N 29th Street LLC P O Box 23171 Richmond VA 23223 2300 Fairmount RVA LLC P O Box 23171 Richmond VA 23223 1318 N 28th Street LLC P O Box 23171 Richmond VA 23223 Urban Hope Properties LLC PO Box 23171 Richmond VA 23223 541997025 Affordable Housing VA Urban Hope Inc 0.00000 Cox Church Hill LLC PO Box 23171 Richmond VA 23223 464029951 Affordable Housing VA Urban Hope Inc 0.00000 Church Hill Phoenix LLC PO Box 23171 Richmond VA 23223 465740512 Affordable Housing VA Urban Hope Inc 0.00000 Housing Hope LLC PO Box 23171 Richmond VA 23223 273295056 Affordable Housing VA Urban Hope Inc 0.00000 1003 N 20th Street LLC PO Box 23171 Richmond VA 23223 541997025 Affordable Housing VA Urban Hope Inc 0.00000 1300 N 38th Street LLC PO Box 23171 Richmond VA 23223 541997025 Affordable Housing VA Urban Hope Inc 0.00000 Shalom Housing LLC PO Box 23171 Richmond VA 23223 472361200 Affordable Housing VA Urban Hope Inc 0.00000 Jubilee LLC PO Box 23171 Richmond VA 23223 300885310 Affordable Housing VA Urban Hope Inc 0.00000 Hillkeepers LLC PO Box 23171 Richmond VA 23223 824171642 Affordable Housing VA Urban Hope Inc 0.00000 1701 N 21st Street LLC PO Box 23171 Richmond VA 23223 824171642 Affordable Housing VA Urban Hope Inc 0.00000 false false false false false false false false false false false false false false false false false false false