Hope Communities, Inc.
Hope Communities, Inc.
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About this organization
Mission
Hope Communities mission is to strengthen communities and provide pathways to economic and personal opportunity through affordable housing, educational programs and support services.
About
Programs: Real Estate Development, Affordable HousingHope Communities was established 40 years ago, in 1980, by visionaries Ray andMarilyn Stranske. It was initiated as a means to provide training, support services and housing to low-income individuals and families either experiencing or at thebrink of homelessness. They quickly realized that people had a difficult timeadvancing toward self-sufficiency if they did not have a safe place to call home.They began a quest to offer quality, affordable housing with supportive programs andservices, which has been vitally important ever since. Over the years, Hope hasbuilt, purchased or renovated nearly 800 rental units for low-income renters.The organization's genesis occurred in the historic Five Points neighborhood, thoughover the years they expanded their inventory to provide rental units in multipleneighborhoods in Denver. They were the first to build a new mixed-use, mixed incomeTOD building on Denver's Welton Street light rail line with 9% Low Income Housing Tax Credits (LIHTC), renovated a 130-unit apartment complex in East Denver and purchased 93 townhouses in North Park Hill. Most recently, Hope purchased and renovated an historic building in Five Points to use as a community center with Historic and New Market Tax Credits.Hope currently holds 278 affordable units across Denver. The organization continuesto seek opportunities for future housing development in a city that desperately needs affordable homes for its current employees and others migrating to the Mile-High City.
Interesting data from their 2020 990 filing
The filing clearly states the mission of the non-profit as “We strengthen communities and provide pathways to economic and personal opportunity through affordable housing, educational programs and support services.”.
When outlining its functions, they were explained as: “We strengthen communities and provide pathways to economic and personal opportunity through affordable housing, educational programs and support services.”.
- In compliance with legal regulations, the non-profit has reported their state of operation as CO.
- The filing records the non-profit's address for 2020 as 2543 CALIFORNIA STREET, DENVER, CO, 80205.
- As of 2020, the non-profit's form reports a total of 34 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $3,704.
- The CEO's salary plan within the organization is subject to review and endorsement by an independent body.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 12 independent voting members.
- The organization was formed in 1980.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $1,160,267 in salary, compensation, and benefits to its employees.
- The organization pays $98,474 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.