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            <AddressLine1Txt>3323 EASTERN AVENUE</AddressLine1Txt>
            <CityNm>BALTIMORE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21224</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PATRICK LUNDBERG</PersonNm>
          <USAddress>
            <AddressLine1Txt>3323 EASTERN AVENUE</AddressLine1Txt>
            <CityNm>BALTIMORE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21224</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SONJA WELLS</PersonNm>
          <USAddress>
            <AddressLine1Txt>3323 EASTERN AVENUE</AddressLine1Txt>
            <CityNm>BALTIMORE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21224</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>HOPE DEVELOPMENT COMPANY (HOPE) WAS ESTABLISHED TO PURCHASE,REHABILITATE AND SELL RESIDENTIAL REAL PROPERTY TO ASSIST INTHE REDEVELOPMENT OF THE SOUTHEAST BALTIMORE CITY COMMUNITY. IN THE 2024/2025 FISCAL YEAR, HOPE CONTINUED TO PURCHASE VACANT AND DISTRESSED PROPERTIES IN THE NEIGHBORHOOD OF ELLWOOD PARK IN BALTIMORE CITY IN SUPPORT OF SOUTHEAST CDC'S NEW NEIGHBORHOOD REVITALIZATION PLAN FOR THE AREA.</Description1Txt>
        <Expenses1Amt>1645497</Expenses1Amt>
        <TotalAmt>1645497</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>0</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>8640</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>1037606</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1046246</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1046246</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>15694</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1030552</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>51528</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>51528</MinimumInvestmentReturnAmt>
        <TotalTaxAmt>0</TotalTaxAmt>
        <DistributableBeforeAdjAmt>51528</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>51528</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>51528</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>0</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>1645497</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>1645497</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>51528</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr3Amt>702298</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>960639</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>1317528</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>2980465</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>1645497</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>51528</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>1593969</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>4574434</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>4574434</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear3Amt>702298</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>960639</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>1317528</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>1593969</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <TotalGrantOrContriPdDurYrAmt>0</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>-695416</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>0</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>-695416</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>-695416</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>HOPE DEVELOPMENT COMPANY (HOPE) WAS ESTABLISHED TO PURCHASE,</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>REHABILITATE AND SELL RESIDENTIAL REAL PROPERTY TO ASSIST IN</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>THE REDEVELOPMENT OF THE SOUTHEAST BALTIMORE CITY COMMUNITY.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <GainLossSaleOtherAssetsSch documentId="RetDoc2213400001">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>513 NORTH POTOMAC ST</AssetDesc>
        <HowAcquiredTxt>PURCHASED</HowAcquiredTxt>
        <SoldDt>2025-03</SoldDt>
        <GrossSalesPriceAmt>165000</GrossSalesPriceAmt>
        <BasisAmt>250081</BasisAmt>
        <BasisMethodTxt>COST</BasisMethodTxt>
        <SalesExpenseAmt>24179</SalesExpenseAmt>
        <TotalNetAmt>-109260</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>518 NORTH EAST AVE</AssetDesc>
        <HowAcquiredTxt>PURCHASED</HowAcquiredTxt>
        <SoldDt>2025-05</SoldDt>
        <GrossSalesPriceAmt>168500</GrossSalesPriceAmt>
        <BasisAmt>274230</BasisAmt>
        <BasisMethodTxt>COST</BasisMethodTxt>
        <SalesExpenseAmt>12622</SalesExpenseAmt>
        <TotalNetAmt>-118352</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>530 NORTH DECKER AVE</AssetDesc>
        <HowAcquiredTxt>PURCHASED</HowAcquiredTxt>
        <SoldDt>2024-08</SoldDt>
        <GrossSalesPriceAmt>165000</GrossSalesPriceAmt>
        <BasisAmt>174591</BasisAmt>
        <BasisMethodTxt>COST</BasisMethodTxt>
        <SalesExpenseAmt>14630</SalesExpenseAmt>
        <TotalNetAmt>-24221</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>3108 MCELDERRY ST</AssetDesc>
        <HowAcquiredTxt>PURCHASED</HowAcquiredTxt>
        <SoldDt>2025-02</SoldDt>
        <GrossSalesPriceAmt>165000</GrossSalesPriceAmt>
        <BasisAmt>254687</BasisAmt>
        <BasisMethodTxt>COST</BasisMethodTxt>
        <SalesExpenseAmt>12362</SalesExpenseAmt>
        <TotalNetAmt>-102049</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>627 NORTH DECKER AVE</AssetDesc>
        <HowAcquiredTxt>PURCHASED</HowAcquiredTxt>
        <SoldDt>2025-04</SoldDt>
        <GrossSalesPriceAmt>135000</GrossSalesPriceAmt>
        <BasisAmt>202078</BasisAmt>
        <BasisMethodTxt>COST</BasisMethodTxt>
        <SalesExpenseAmt>15070</SalesExpenseAmt>
        <TotalNetAmt>-82148</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>3026 MCELDERRY ST</AssetDesc>
        <HowAcquiredTxt>PURCHASED</HowAcquiredTxt>
        <SoldDt>2025-02</SoldDt>
        <GrossSalesPriceAmt>110000</GrossSalesPriceAmt>
        <BasisAmt>275274</BasisAmt>
        <BasisMethodTxt>COST</BasisMethodTxt>
        <SalesExpenseAmt>18005</SalesExpenseAmt>
        <TotalNetAmt>-183279</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>523 NORTH DECKER AVE</AssetDesc>
        <HowAcquiredTxt>PURCHASED</HowAcquiredTxt>
        <SoldDt>2025-05</SoldDt>
        <GrossSalesPriceAmt>150000</GrossSalesPriceAmt>
        <BasisAmt>214556</BasisAmt>
        <BasisMethodTxt>COST</BasisMethodTxt>
        <SalesExpenseAmt>11551</SalesExpenseAmt>
        <TotalNetAmt>-76107</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>PROPERTY HELD FOR RESALE (LESS: ALLOWANCE FOR IMPAIRMENT)</Desc>
        <BOYBookValueAmt>710665</BOYBookValueAmt>
        <EOYBookValueAmt>1037606</EOYBookValueAmt>
        <EOYFMVAmt>1037606</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>ALLOWANCE FOR IMPAIRMENT</Desc>
        <Amt>436953</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilitiesDetail>
        <Desc>DUE TO RELATED PARTY</Desc>
        <BOYBookValueAmt>1811539</BOYBookValueAmt>
        <EOYBookValueAmt>3282776</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
  </ReturnData>
</Return>