Overview
What is Hope Communities Inc?
Hope Communities Inc, founded in 1980 by Ray and Marilyn Stranske, is a nonprofit organization based in Denver, Colorado. Their primary mission is to provide affordable housing with deeply supportive services to low-income individuals and families, recognizing that having a safe place to live is crucial for self-sufficiency. Over the past 42 years, Hope has developed, purchased, or renovated close to 800 rental units in various neighborhoods of Denver, utilizing resources such as Low Income Housing Tax Credits (LIHTC). They offer a range of customized programs and services tailored to resident needs, aiming to promote equitable access to opportunities. Presently, Hope manages 278 affordable housing units in Denver and continues to seek future housing development opportunities. The organization's work extends beyond housing, also providing educational programs and support services to strengthen communities and empower individuals.
Official website here: www.hopecommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Hope Communities Inc has earned a Four-Star rating from Charity Navigator, reflecting its strong performance in both accountability and finance. The organization scored exceptionally well in leadership and adaptability, achieving a perfect score of 100, which highlights its commitment to effective governance and responsive operations. With an impressive program expense ratio of 80.93%, it shows a significant portion of its resources is directed toward its mission-driven activities.
The organization demonstrates a high level of transparency and integrity, with all board members being independent and the board size comprising 13 members. Additionally, it has robust policies in place, such as a conflict of interest policy and a whistleblower policy, which further enhance its governance framework. The presence of a strong financial oversight mechanism, evidenced by perfect scores in several audit-related areas, reinforces its reliability as a nonprofit.
While Hope Communities Inc performs well overall, the equity strategies score of 87 indicates room for improvement in its approach to equitable practices within the community. However, the organization's commitment to feedback collection and usage, scoring a full 100, shows it values stakeholder input and is likely to respond positively to areas needing development.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Hope Communities Inc?
With four reviews on Facebook, Hope Communities Inc has begun to make an impression. One reviewer expressed a positive sentiment, labeling it a "very nice organization for all who really need help," and also recommended the nonprofit.
Though the number of reviews is limited and the organization is not rated yet, the existing feedback reflects a promising outlook. The sentiments suggest that the nonprofit is perceived as a supportive and helpful resource for individuals in need within the community.
Overall, this early feedback indicates a foundational trust in the effectiveness of Hope Communities Inc, showing potential for a positive reputation as more users share their experiences.
This AI summary has been generated from reviews found on Facebook.
Is Hope Communities Inc legitimate?
Hope Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Communities 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: $175,392
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,520,001
For more financial information, click here
Official website here: www.hopecommunities.org
What is the mission statement of Hope Communities Inc?
Hope Communities Inc's mission is to enhance communities and create paths towards economic and personal growth for individuals through affordable housing, educational programs, and supportive services. By providing high-quality, affordable housing, Hope Communities aims to empower people, especially those at risk of homelessness, to strive towards self-sufficiency. Established over four decades ago, the organization has developed, purchased, or renovated nearly 800 rental units in various neighborhoods, offering a range of programs and services tailored to the needs of each property's residents, promoting equitable access to opportunities.
Official website here: www.hopecommunities.org
Who is the CEO of Hope Communities Inc?
Jenica Shippy is the Treasurer of Hope Communities Inc. The CEO's salary of Hope Communities Inc is $158,040 and their total compensation is $175,392.
Official website here: www.hopecommunities.org
What is the revenue of Hope Communities Inc?
Hope Communities Inc's revenue in 2022 was $4,216,894.
Official website here: www.hopecommunities.org
Who are the executives of Hope Communities Inc and what are their salaries?
The average compensation at Hope Communities Inc during 2022 was $42,385. There are 40 employees and 323 volunteers at Hope Communities Inc.
Here are 14 key members and their salaries (Hope Communities Inc's CEO's salary is $158,040 and their total compensation is $175,392):
- Compensation: $158,040
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- Other: $17,352
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Official website here: www.hopecommunities.org
Where can I find the form 990 for Hope Communities Inc?
Hope Communities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopecommunities.org
Learn more at the official website: www.hopecommunities.org
Mission Statement of Hope Communities Inc
Hope Communities Inc, established over four decades ago, is dedicated to strengthening communities and providing opportunities for economic and personal growth. They accomplish this mission through three main avenues: affordable housing, educational programs, and support services. By offering safe, affordable housing, Hope Communities enables individuals and families to focus on their self-sufficiency goals. Over the years, they have constructed, purchased, and renovated numerous rental units, serving various neighborhoods in Denver.
Beyond housing, Hope Communities also invests in educational programs and support services tailored to the needs of their residents. Their mission is not just about providing a place to live but also creating a supportive environment that empowers individuals to advance in their lives. By customizing their programs and services to each property, Hope Communities ensures equitable access to opportunities. Their efforts have extended to various initiatives, such as renovating an historic building into a community center and purchasing townhouses in North Park Hill.
In summary, Hope Communities Inc is a nonprofit organization committed to strengthening communities and fostering personal growth. They achieve this goal by offering affordable housing, educational programs, and support services tailored to the needs of their residents. Through these efforts, Hope Communities empowers individuals and families to build a better future for themselves.
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Impact
July, 2024
Hope Communities Inc's impact is profound in Denver, Colorado. They have strengthened communities and provided pathways to economic and personal opportunity through their affordable housing, educational programs, and support services. With nearly 800 rental units developed, purchased, or renovated for low-income renters, Hope Communities has been instrumental in providing safe and quality housing for individuals and families in need. Their commitment to offering supportive programs and services has played a vital role in helping people advance towards self-sufficiency.
Hope Communities has been at the forefront of affordable housing initiatives in Denver, having built mixed-use, mixed-income buildings, renovated existing complexes, and purchased townhouses to provide more housing options for the city's residents. Their innovative approach, such as utilizing Low Income Housing Tax Credits and Historic and New Market Tax Credits, showcases their dedication to creating sustainable solutions for affordable housing.
Furthermore, Hope Communities' mission to continue seeking opportunities for future housing development demonstrates their ongoing commitment to addressing the affordable housing crisis in Denver. By customizing programs and services based on resident needs and promoting equitable access to opportunities, Hope Communities is making a tangible difference in the lives of individuals and families in Denver's communities.
This information is meant to be a general summary of Hope Communities 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: $3,766
- Program Service Revenue: $3,077,642
- Gross Receipts: $4,224,669
Assets and Liabilities:
- Total Assets: $17,412,682
- Total Liabilities: $9,428,486
- Net Assets: $7,984,196
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Gross Rents
Revenue
$3,077,642
Organization Details
Founding Year
1980
Phone
(303) 860-7747Principal Officer
Jenica Shippy
Main Address
2543 CALIFORNIA STREET, DENVER, CO, 80205
Website
www.hopecommunities.orgNTEE Category
Code: L210 - Housing
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