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Hope Housing Foundation Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 760580544 ✦ Mckinney, TX ✦ Designated as a 501(c)(3)

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Overview

What is Hope Housing Foundation Corporation?

Hope Housing Foundation Corporation, based in McKinney, Texas, is a nonprofit organization committed to constructing and rehabilitating affordable community housing properties for individuals and families with low to moderate income. Their mission is to promote and create quality affordable housing, specifically catering to the needs of seniors, students, and low to moderate income families. They provide affordable housing options for their tenants, contributing significantly to the community.


Official website here: www.hopehousingfoundation.org

Is Hope Housing Foundation Corporation legitimate?

Hope Housing Foundation Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Housing Foundation Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,272,233

For more financial information, click here


Official website here: www.hopehousingfoundation.org

What is the mission statement of Hope Housing Foundation Corporation?

The Hope Housing Foundation Corporation is committed to promoting and establishing high-quality, affordable housing solutions for senior citizens, students, and families with low to moderate income levels. Their mission is primarily focused on constructing and rehabilitating affordable community housing properties, providing a home for individuals within this income bracket. The organization also ensures the availability of affordable housing for low-income tenants, serving as a crucial resource for those in need.


Official website here: www.hopehousingfoundation.org

Who is the CEO of Hope Housing Foundation Corporation?

Alvin Johnson is the Director of Hope Housing Foundation Corporation.


Official website here: www.hopehousingfoundation.org

What is the revenue of Hope Housing Foundation Corporation?

Hope Housing Foundation Corporation's revenue in 2021 was $2,782,264.


Official website here: www.hopehousingfoundation.org

Who are the executives of Hope Housing Foundation Corporation and what are their salaries?


Here are 7 key members and their salaries:


Derrick Bridgett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrel Foster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Richardson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darren Stover (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pamela Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alvin Johnson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doneric Norwood (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hopehousingfoundation.org

Where can I find the form 990 for Hope Housing Foundation Corporation?

Hope Housing Foundation Corporation's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.hopehousingfoundation.org

Learn more at the official website: www.hopehousingfoundation.org

Mission Statement of Hope Housing Foundation Corporation

Hope Housing Foundation Corporation is committed to promoting and establishing high-quality, affordable housing options for various population groups. This nonprofit organization targets seniors, students, and families with low to moderate incomes, offering them a chance to secure comfortable living spaces. In line with its mission, Hope Housing Foundation Corporation constructs and rehabilitates affordable community housing properties, catering to the needs of low-income individuals. Furthermore, the organization provides housing for low-income tenants, ensuring that affordable housing remains accessible for those who require it.

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Impact




July, 2024

Hope Housing Foundation Corporation's impact centers around the promotion and creation of quality affordable housing for seniors, students, and low to moderate-income families. Through its activities, such as constructing and rehabbing affordable community housing properties, the organization provides essential housing options for those in need. By focusing on providing affordable housing for low-income tenants, Hope Housing Foundation Corporation contributes significantly to addressing the housing challenges faced by vulnerable populations in the community.




This information is meant to be a general summary of Hope Housing Foundation Corporation. 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.

Revenue
$2,782,264 (2021)
Expenses
$5,222,706 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $5
  • Program Service Revenue: $1,382,106
  • Gross Receipts: $2,782,264

Assets and Liabilities:

  • Total Assets: $20,178,282
  • Total Liabilities: $34,813,893
  • Net Assets: -$14,635,611

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT INCOME

Revenue

$4,075,185

AMG MANAGMENT FEE INCOME

Revenue

$360,599

GAIN/LOSS OF OLD LEASE

Revenue

$8,213

BAD DEBT RECOVERY

Revenue

$1,259

COVID 19 PAYMENT PLAN

Revenue

-$1,417

Organization Details

Founding Year

1998

Principal Officer

Alvin Johnson

Main Address

3900 S STONEBRIDGE DR STE 304, MCKINNEY, TX, 75070

NTEE Category

Code: L20 - Housing

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