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Hard Bargain Mt Hope Redevelopment Inc

Hard Bargain Association

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

EIN: 830411768 ✦ Franklin, TN ✦ Designated as a 501(c)(3)

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Overview

What is Hard Bargain Mt Hope Redevelopment Inc?

Hard Bargain Mt Hope Redevelopment Inc, operating under the name Hard Bargain Association, is a nonprofit organization based in Franklin, Tennessee. Situated at PO Box 545, they have a mission to preserve the historic Hard Bargain neighborhood. By renovating existing homes and constructing high-quality, affordable housing, they aim to enrich the lives of their neighbors. With a team of three dedicated individuals, Hard Bargain Association plays a significant role in revitalizing their community and ensuring affordable housing options for its residents.


Official website here: www.hardbargain.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 82%, Three-Star out of Four Star Rating. The overall score reflects a strong accountability and finance score, indicating solid governance and transparency practices by Hard Bargain Mt Hope Redevelopment Inc. The charity has achieved high marks in areas such as board independence and the presence of essential policies, which contribute to its favorable evaluation.

User feedback highlights the positive impact of the organization within its community, particularly through volunteer opportunities aimed at supporting residents and preserving a historically significant neighborhood. Volunteers have expressed satisfaction with the programs offered, emphasizing the importance of the charity in providing essential services and resources to community members.

However, there are some areas for improvement, notably the liabilities to assets ratio and program expense ratio, which suggest a need for better financial management. While the organization is making strides in offering programs, more attention to financial sustainability could enhance its long-term impact. Overall, the charity demonstrates a commitment to community engagement and support.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is Hard Bargain Mt Hope Redevelopment Inc legitimate?

Hard Bargain Mt Hope Redevelopment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hard Bargain Mt Hope Redevelopment 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: $82,197
Professional Fundraising Fees: $0
Other Salaries and Wages: $89,339

For more financial information, click here


Official website here: www.hardbargain.org

What is the mission statement of Hard Bargain Mt Hope Redevelopment Inc?

Hard Bargain Mt Hope Redevelopment Inc's mission is centered around preserving a historic neighborhood. They accomplish this by renovating existing homes and constructing high-quality, affordable housing. Additionally, the organization strives to enhance the lives of its neighbors, contributing to their overall well-being and community development. By taking on these tasks, Hard Bargain Mt Hope Redevelopment Inc aims to revitalize the area and provide a better living environment for its residents.


Official website here: www.hardbargain.org

Who is the CEO of Hard Bargain Mt Hope Redevelopment Inc?

Derrick Solomon is the Executive Di of Hard Bargain Mt Hope Redevelopment Inc.


Official website here: www.hardbargain.org

What is the revenue of Hard Bargain Mt Hope Redevelopment Inc?

Hard Bargain Mt Hope Redevelopment Inc's revenue in 2022 was $590,745.


Official website here: www.hardbargain.org

Who are the executives of Hard Bargain Mt Hope Redevelopment Inc and what are their salaries?

The average compensation at Hard Bargain Mt Hope Redevelopment Inc during 2022 was $57,179. There are 3 employees and 174 volunteers at Hard Bargain Mt Hope Redevelopment Inc.


Here are 13 key members and their salaries:


Derrick Solomon (Executive Di)
  • Compensation: $75,200
  • Related: $0
  • Other: $6,797
Denise Carothers (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Mayberry Wales (Vice Pres.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Farmer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mirella Neely (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Crane (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Fleming (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Johnnie Hamilton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Sonny Kelton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pam Lewis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Murphy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mort Stein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hardbargain.org

Where can I find the form 990 for Hard Bargain Mt Hope Redevelopment Inc?

Hard Bargain Mt Hope Redevelopment Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hardbargain.org

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

Mission Statement of Hard Bargain Mt Hope Redevelopment Inc

Hard Bargain Mt Hope Redevelopment Inc is committed to preserving the historic Hard Bargain neighborhood. Their mission is twofold: firstly, they aim to renovate existing homes in the area, ensuring they maintain their historical charm while also becoming livable spaces for residents. Secondly, the organization strives to build high-quality, affordable housing, catering to the needs of the community. Beyond physical renovation, Hard Bargain Mt Hope Redevelopment Inc also focuses on enriching the lives of its neighbors. This could involve community events, social programs, or other initiatives designed to foster a sense of belonging and improve the overall well-being of the community. By preserving the neighborhood's history, providing affordable housing, and enriching the lives of its residents, Hard Bargain Mt Hope Redevelopment Inc works to create a thriving and sustainable community.

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Impact




July, 2024

Hard Bargain Mt Hope Redevelopment Inc plays a vital role in preserving the historic Hard Bargain neighborhood in Franklin, TN. Through their activities of renovating existing homes, building high-quality affordable housing, and enriching the lives of their neighbors, they have a direct impact on the community. Their efforts not only help in maintaining the architectural and cultural heritage of the neighborhood but also contribute to providing access to affordable housing, thus addressing an important social need. Overall, Hard Bargain Mt Hope Redevelopment Inc's work positively impacts the quality of life for residents in the neighborhood and supports the sustainability of the community.




This information is meant to be a general summary of Hard Bargain Mt Hope Redevelopment 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.

Revenue
$590,745 (2022)
Expenses
$534,670 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $11,420
  • Program Service Revenue: $13,240
  • Gross Receipts: $895,759

Assets and Liabilities:

  • Total Assets: $1,812,865
  • Total Liabilities: $1,024,680
  • Net Assets: $788,185

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Programs

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

COMMUNITY EVENTS

Revenue

$13,240

Organization Details

Founding Year

2004

Principal Officer

Derrick Solomon

Main Address

PO BOX 545, FRANKLIN, TN, 37065

NTEE Category

Code: L25 - Housing

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