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Hope Communities Inc

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

EIN: 840829068 ✦ Denver, CO ✦ Designated as a 501(c)(3)

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

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.

Here 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):

    Sharon A Knight (President & Ceo)
  • Compensation: $158,040
  • Related: $0
  • Other: $17,352

    • Greg Glade (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adam Riddle (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maggie Bolden (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Debbie Herrera (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chuong Le (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Emily Charlesworth (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelly Kaminskas (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vanecia Kerr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kenneth Floyd (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tracey Stewart (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Espinosa (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jenica Shippy (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laurie Zeller (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.hopecommunities.org

    Where can I find the form 990 for Hope Communities Inc?

    The 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.

    Impact

    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.




    Saturday, July 20, 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.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Jenica Shippy

    Main Address

    2543 CALIFORNIA STREET, DENVER, CO, 80205

    NTEE Category

    Code: L210 - Housing

    If you are a representative of Hope Communities 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.