Overview
What is Hope Inc?
Hope Inc, situated in New London, Connecticut, is a nonprofit organization dedicated to offering housing solutions for families with moderate and low income. Their initiatives involve renovating and selling homes to moderate-income families, while renting out apartments to low-income families. These rental properties include two three-family houses and six apartments for families aiming to become homeowners. Moreover, Hope Inc has recently expanded its rental offerings by purchasing and renovating two more two-family properties. Overall, Hope Inc plays a crucial role in addressing housing needs within its community.
Official website here: www.hopenewlondon.org
Is Hope Inc legitimate?
Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $80,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hopenewlondon.org
What is the mission statement of Hope Inc?
Hope Inc's mission is centered around providing housing solutions for families with moderate to low income levels. This non-profit organization has undertaken various initiatives, such as renovating a three-family home for a moderate-income family and renting out apartments to low and very-low-income families. Their rental housing program also includes multiple properties that are offered to families working towards homeownership. Recently, Hope Inc expanded its offerings by purchasing and renovating two more two-family properties for rental purposes.
Official website here: www.hopenewlondon.org
Who is the CEO of Hope Inc?
Annette Finton is the Treasurer of Hope Inc.
Official website here: www.hopenewlondon.org
What is the revenue of Hope Inc?
Hope Inc's revenue in 2022 was -$10,039.
Official website here: www.hopenewlondon.org
Who are the executives of Hope Inc and what are their salaries?
The average compensation at Hope Inc during 2022 was $80,250. There is 1 employee at Hope Inc.
Here are 15 key members and their salaries:
- Compensation: $80,250
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hopenewlondon.org
Where can I find the form 990 for Hope Inc?
Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopenewlondon.org
Learn more at the official website: www.hopenewlondon.org
Mission Statement of Hope Inc
Hope Inc, as a nonprofit organization, is dedicated to providing housing solutions for families with moderate and low incomes. They have demonstrated this commitment by renovating a three-family home and selling it to a moderate-income family, while also renting out two apartments to families falling under the low and very-low-income brackets. Their rental housing program extends beyond these initial properties, encompassing two three-family houses and six apartments specifically designed for low-income families working towards homeownership. Recently, Hope Inc further expanded its rental offerings by purchasing and renovating two more two-family properties. By providing such housing solutions, Hope Inc plays a crucial role in supporting families in need and helping them strive towards financial stability.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Hope Inc. plays a vital role in transforming the lives of low and moderate-income families by providing accessible housing solutions. In New London, CT, the organization has effectively renovated and sold a three-family home to a moderate-income family, offering them a path to stability and ownership. Additionally, by renting out two apartments to low and very-low-income families, Hope Inc. ensures that those in need have a secure place to live while they work towards greater financial independence.
The impact of Hope Inc. extends beyond just immediate housing needs. Its rental housing program includes two three-family homes and six apartments designed for low-income families who are actively pursuing homeownership. This emphasis on helping families achieve their homeownership goals fosters long-term success and community stability.
Furthermore, Hope Inc.'s recent acquisition and renovation of two additional two-family properties for rental purposes showcases its commitment to expanding housing opportunities. Through these initiatives, the organization not only addresses urgent housing challenges but also contributes to the overall economic development of the community by creating more stable living conditions. Overall, Hope Inc. is a crucial player in enhancing the quality of life for families seeking affordable housing in New London.
This information is meant to be a general summary of Hope Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,255
- Program Service Revenue: $74,778
- Gross Receipts: $630,216
Assets and Liabilities:
- Total Assets: $2,226,485
- Total Liabilities: $35,756
- Net Assets: $2,190,729
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low income apartment rent
Revenue
$74,778
Organization Details
Founding Year
1989
Phone
(860) 447-0812Principal Officer
Annette Finton
Main Address
187 Williams Street, New London, CT, 06320
Website
www.hopenewlondon.orgNTEE Category
Code: L80 - Housing
If you are a representative of Hope Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.