HOPE ENTERPRISE CORPORATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- HOPE ENTERPRISE CORPORATION (EIN 64-0851798)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-14
- IRS object ID
- 202313189349316761
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-14T17:03:03-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5001 SPRING VALLEY ROAD SUITE 600W | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75244 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 640851798 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOPE ENTERPRISE CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOPE | BusinessNameControlTxt |
| Phone | 6019441100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 OLD RIVER PLACE A | AddressLine1Txt |
| City | JACKSON | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39202 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALAN BRANSON | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 6019441100 | PhoneNum |
| Signature | 2023-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ALAN | PersonFirstNm |
| Person Last | BRANSON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LACEY M QUATSOE | PreparerPersonNm |
| PTIN | P01300865 | PTIN |
| Phone | 9723835700 | PhoneNum |
| Preparation | 2023-11-13 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | WILLIAM BYNUM | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 OLD RIVER PLACE A | AddressLine1Txt |
| City | JACKSON | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $20,514,113 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.HOPE-EC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1993 | FormationYr |
| Legal Domicile State | MS | LegalDomicileStateCd |
| Activity Or Mission | STRENGTHEN FINANCIAL HEALTH & WEALTH OF PEOPLE IN UNDER-RESOURCED DEEP SOUTH COMMUNITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 326 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $15,416,499 | PYContributionsGrantsAmt |
| CY Contributions Grants | $12,778,063 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $9,495,555 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,753,179 | CYProgramServiceRevenueAmt |
| PY Investment Income | $47,052 | PYInvestmentIncomeAmt |
| CY Investment Income | $9,517 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | -$87,881 | CYOtherRevenueAmt |
| PY Total Revenue | $24,959,106 | PYTotalRevenueAmt |
| CY Total Revenue | $16,452,878 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $5,776,026 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $765,398 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,509,184 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,582,026 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $486,313 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $12,829,433 | PYOtherExpensesAmt |
| CY Other Expenses | $8,477,600 | CYOtherExpensesAmt |
| PY Total Expenses | $24,114,643 | PYTotalExpensesAmt |
| CY Total Expenses | $13,825,024 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $844,463 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,627,854 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $150,349,143 | TotalAssetsBOYAmt |
| Total Assets EOY | $124,090,537 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $97,094,676 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $71,756,890 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $53,254,467 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $52,333,647 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO STRENGTHEN THE FINANCIAL HEALTH AND WEALTH OF PEOPLE IN UNDER-RESOURCED DEEP SOUTH COMMUNITIES. | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,393,775 | ExpenseAmt |
| Grant | $309,699 | GrantAmt |
| Revenue | $2,111,622 | RevenueAmt |
| Desc | REGIONAL DEVELOPMENT OF SYSTEMS AND ORGANIZATIONS TO IMPROVE HOUSING, COMMUNICATIONS, WORKFORCE TRAINING, GENERAL BUSINESS DEVELOPMENT AND ACCESS TO CAPITAL. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,549,531 | ExpenseAmt |
| Grant | $455,699 | GrantAmt |
| Revenue | $1,460,601 | RevenueAmt |
| Desc | DEVELOPMENT FINANCE SPECIALIZES IN LOANS TO SMALL TO MEDIUM SIZED MANUFACTURING AND SERVICE BUSINESSES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $748,766 | ExpenseAmt |
| Desc | TECHNICAL ASSISTANCE TO SMALL AND MEDIUM SIZED MANUFACTURING AND SERVICE BUSINESSES IN THE AREA OF MANAGEMENT CONSULTING AND IN THE AREAS OF IMPROVEMENTS OF PROCESSES AND SYSTEMS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $534,102 | ExpenseAmt |
| Revenue | $78,956 | RevenueAmt |
| Desc | HOUSING INITIATIVE PROVIDES FINANCE FOR AFFORDABLE HOUSING TO FAMILIES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $534,102 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $78,956 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $7,226,174 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 7 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 326 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | AL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | LA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALAN BRANSON | PersonNm |
| Phone | 6019441100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 OLD RIVER PL | AddressLine1Txt |
| City | JACKSON | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| MIKE ESPY | |||||||
| CHAIR - THRU 12/16/22 | 0.04 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| IVYE ALLEN | |||||||
| SECRETARY | 0.04 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CLAIBORNE BARKSDALE | |||||||
| DIRECTOR | 0.04 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ANN MARIE BURGOYNE | |||||||
| DIRECTOR | 0.04 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MAURICIO CALVO | |||||||
| DIRECTOR | 0.04 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| SUSANNAH CARRIER | |||||||
| DIRECTOR | 0.04 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| RONNIE CRUDUP | |||||||
| DIRECTOR | 0.04 | 0.08 | Yes (X) | $0 | $0 | $0 | |
| REBECCA DIXON | |||||||
| DIRECTOR | 0.27 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT GIBBS | |||||||
| DIRECTOR | 0.04 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| HERSCHELL HAMILTON | |||||||
| DIRECTOR | 0.04 | 0.08 | Yes (X) | $0 | $0 | $0 | |
| CAROLYN JEFFERSON | |||||||
| DIRECTOR | 0.04 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MAURICE JONES | |||||||
| DIRECTOR | 0.04 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DAN LETENDRE | |||||||
| DIRECTOR | 0.04 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| BLANCHE LINCOLN | |||||||
| DIRECTOR | 0.04 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| FELECIA LUCKY | |||||||
| DIRECTOR | 0.19 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| FRED MILLER | |||||||
| DIRECTOR | 0.04 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JUDY REESE MORSE | |||||||
| DIRECTOR | 0.19 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MARTHA MURPHY | |||||||
| DIRECTOR | 0.04 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JEFFREY NOLAN | |||||||
| DIRECTOR | 0.04 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| BILLY PERCY | |||||||
| DIRECTOR | 0.04 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ALEX WISE | |||||||
| DIRECTOR | 0.04 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| WILLIAM BYNUM | |||||||
| PRESIDENT/CEO | 29.52 | 0.04 | Yes (X) | $396,471 | $359 | $233,971 | |
| ALAN BRANSON | |||||||
| EVP/CFO/TREASURER/ASST SECRETARY | 21.08 | 0.06 | Yes (X) | $112,685 | $148 | $15,462 | |
| EDWARD D SIVAK JR | |||||||
| EVP/CHIEF POLICY & COMM. OFFICER | 43.46 | 0.00 | Yes (X) | $155,653 | $0 | $18,197 | |
| KIMBERLA LITTLE | |||||||
| EVP/CHIEF HUMAN ASSETS OFFICER | 20.00 | 0.00 | Yes (X) | $81,987 | $0 | $7,526 | |
| PEARL WICKS | |||||||
| EVP/CHIEF OPERATING OFFICER | 0.38 | 0.00 | Yes (X) | $2,043 | $0 | $290 | |
| CASSANDRA WILLIAMS | |||||||
| EVP/CHIEF PROGRAM OFFICER | 7.31 | 0.00 | Yes (X) | $26,900 | $0 | $4,891 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $775,739 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $507 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $280,337 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WILSON PERUMAL AND COMPANY | |||||
| 13355 NOEL ROAD STE 1100 | DALLAS | TX | 75240 | BUSINESS MANAGEMENT CONSULTING | $479,498 |
| CLASSIC LAKE LLC | |||||
| PO BOX 13122 | ATLANTA | GA | 30324 | PROJECT MANAGEMENT & FINANCIAL CONSULT | $315,046 |
| CLIFTONLARSONALLEN LLP | |||||
| PO BOX 679334 | DALLAS | TX | 75267 | ACCOUNTING | $312,261 |
| STRATEGIC DEVELOPMENT SOLUTIONS LLC | |||||
| 1281 WESTWOOD BLVD STE 200 | LOS ANGELES | CA | 90024 | FINANCIAL MANAGEMENT | $213,638 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $3,153,274 | GovernmentGrantsAmt |
| All Other Contributions | $9,624,789 | AllOtherContributionsAmt |
| Total Contributions | $12,778,063 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LOAN,ORIGIN,OTHER FEES | 525990 | $2,168,723 | $2,168,723 |
| INTEREST INCOME ON LOANS | 525990 | $1,584,456 | $1,584,456 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,753,179 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $20,656 | TotalRevenueColumnAmt |
| Exclusion | $20,656 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,050,096 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,061,235 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$11,139 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$11,139 | TotalRevenueColumnAmt |
| Exclusion | -$11,139 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| CONTRACT REVENUE | 900099 | $10,000 | $10,000 |
| HONORARIUMS | 900099 | $2,911 | $2,911 |
| OTHER INCOME | 900099 | $1,208 | $1,208 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$102,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$102,000 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$87,881 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,452,878 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,651,179 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $23,636 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $765,398 | TotalAmt |
| Program Services | $765,398 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,056,584 | TotalAmt |
| Program Services | $542,163 | ProgramServicesAmt |
| Management And General | $458,859 | ManagementAndGeneralAmt |
| Fundraising | $55,562 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,925,055 | TotalAmt |
| Program Services | $1,135,492 | ProgramServicesAmt |
| Management And General | $1,542,855 | ManagementAndGeneralAmt |
| Fundraising | $246,708 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,651 | TotalAmt |
| Program Services | $11,436 | ProgramServicesAmt |
| Management And General | $59,697 | ManagementAndGeneralAmt |
| Fundraising | $8,518 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $291,916 | TotalAmt |
| Program Services | $114,844 | ProgramServicesAmt |
| Management And General | $152,968 | ManagementAndGeneralAmt |
| Fundraising | $24,104 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $228,820 | TotalAmt |
| Program Services | $94,431 | ProgramServicesAmt |
| Management And General | $116,735 | ManagementAndGeneralAmt |
| Fundraising | $17,654 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,452 | TotalAmt |
| Management And General | $54,452 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $278,283 | TotalAmt |
| Management And General | $278,283 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,515 | TotalAmt |
| Program Services | $15,283 | ProgramServicesAmt |
| Management And General | $23,232 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,474,540 | TotalAmt |
| Program Services | $2,050,999 | ProgramServicesAmt |
| Management And General | $404,251 | ManagementAndGeneralAmt |
| Fundraising | $19,290 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $483,589 | TotalAmt |
| Program Services | $406,430 | ProgramServicesAmt |
| Management And General | $66,835 | ManagementAndGeneralAmt |
| Fundraising | $10,324 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $705,449 | TotalAmt |
| Program Services | $273,902 | ProgramServicesAmt |
| Management And General | $383,417 | ManagementAndGeneralAmt |
| Fundraising | $48,130 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $541,169 | TotalAmt |
| Program Services | $174,907 | ProgramServicesAmt |
| Management And General | $334,774 | ManagementAndGeneralAmt |
| Fundraising | $31,488 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $294,645 | TotalAmt |
| Program Services | $145,469 | ProgramServicesAmt |
| Management And General | $137,584 | ManagementAndGeneralAmt |
| Fundraising | $11,592 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,329 | TotalAmt |
| Program Services | $70,021 | ProgramServicesAmt |
| Management And General | $27,260 | ManagementAndGeneralAmt |
| Fundraising | $2,048 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,091,420 | TotalAmt |
| Program Services | $127,808 | ProgramServicesAmt |
| Management And General | $963,612 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $410,693 | TotalAmt |
| Management And General | $410,693 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $232,496 | TotalAmt |
| Management And General | $232,496 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| HFCU OPERATION SUPPORT | $494,300 | $494,300 | ||
| FORGIVABLE LOAN EXPENSE | $400,751 | $400,751 | ||
| SERVICE FEES | $388,685 | $167,492 | $215,891 | $5,302 |
| TEMPORARY STAFFING | $174,435 | $73,903 | $100,532 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $314,849 | TotalAmt |
| Program Services | $161,145 | ProgramServicesAmt |
| Management And General | $148,111 | ManagementAndGeneralAmt |
| Fundraising | $5,593 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,825,024 | TotalAmt |
| Program Services | $7,226,174 | ProgramServicesAmt |
| Management And General | $6,112,537 | ManagementAndGeneralAmt |
| Fundraising | $486,313 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,654,392 | BOYAmt |
| EOY | $21,307,567 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $892,346 | BOYAmt |
| EOY | $10,509,858 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $497,780 | BOYAmt |
| EOY | $1,186,510 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $340,225 | BOYAmt |
| EOY | $279,021 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,501,828 | BOYAmt |
| EOY | $20,529,594 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $390,175 | BOYAmt |
| EOY | $416,942 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $8,271,822 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $6,261,115 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,033,065 | BOYAmt |
| EOY | $2,010,707 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,515,413 | BOYAmt |
| EOY | $63,208,053 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,523,919 | BOYAmt |
| EOY | $4,642,285 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,349,143 | BOYAmt |
| EOY | $124,090,537 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,346,119 | BOYAmt |
| EOY | $2,450,296 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,046,214 | BOYAmt |
| EOY | $4,864,146 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,956,038 | BOYAmt |
| EOY | $64,356,391 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $746,305 | BOYAmt |
| EOY | $86,057 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,094,676 | BOYAmt |
| EOY | $71,756,890 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,464,668 | BOYAmt |
| EOY | $34,819,584 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,789,799 | BOYAmt |
| EOY | $17,514,063 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,254,467 | BOYAmt |
| EOY | $52,333,647 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,349,143 | BOYAmt |
| EOY | $124,090,537 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,627,854 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$3,189,085 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$359,589 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $13,239,558 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,746,741 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,689,400 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,416,499 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,778,063 | CurrentTaxYearAmt |
| Total | $90,870,261 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,325,702 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,566,946 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,631,546 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,495,555 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,651,179 | CurrentTaxYearAmt |
| Total | $24,670,928 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15,565,260 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $15,313,687 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $43,320,946 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $24,912,054 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,429,242 | CurrentTaxYearAmt |
| Total | $115,541,189 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $838,618 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,199,760 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $30,356,060 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,454,557 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,740,714 | CurrentTaxYearAmt |
| Total | $55,589,709 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $925,854 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $607,560 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year | $491,468 | CurrentTaxYearAmt |
| Total | $2,024,882 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,764,472 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,807,320 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $30,356,060 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,454,557 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,232,182 | CurrentTaxYearAmt |
| Total | $57,614,591 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $57,926,598 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $611,895 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $763,568 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $661,943 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $74,478 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $20,656 | CurrentTaxYearAmt |
| Total | $2,132,540 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $611,895 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $763,568 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $661,943 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $74,478 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $20,656 | CurrentTaxYearAmt |
| Total | $2,132,540 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | -$558,154 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $14,119 | CurrentTaxYearAmt |
| Total | -$544,035 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $16,177,155 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,077,255 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $43,424,735 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $24,986,532 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,464,017 | CurrentTaxYearAmt |
| Total | $117,129,694 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.49460 | PublicSupportCY509Pct |
| Public Support PY509 | 0.52360 | PublicSupportPY509Pct |
| Investment Income CY | 0.01820 | InvestmentIncomeCYPct |
| Investment Income PY | 0.01940 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | MISCELLANEOUS LOSS - 2020 AMOUNT: $ -558,154. OTHER INCOME - 2022 AMOUNT: $ 1,208. CONTRACT REVENUE - 2022 AMOUNT: $ 10,000. HONORARIUMS - 2022 AMOUNT: $ 2,911. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $13,825,024 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $13,825,024 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $841,251 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $210,313 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $945,657 | CurrentYearMinus3Amt |
| Current Year Minus2 | $976,677 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $841,251 | CurrentYearAmt |
| Total | $3,763,585 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $5,645,378 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $135,393 | CurrentYearMinus3Amt |
| Current Year Minus2 | $118,782 | CurrentYearMinus2Amt |
| Current Year Minus1 | $28,802 | CurrentYearMinus1Amt |
| Total | $282,977 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $236,414 | CurrentYearMinus3Amt |
| Current Year Minus2 | $244,169 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $210,313 | CurrentYearAmt |
| Total | $940,896 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,411,344 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,004,386 | OtherCostOrOtherBasisAmt |
| Depreciation | $780,949 | DepreciationAmt |
| Book Value | $1,223,437 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $23,269 | OtherCostOrOtherBasisAmt |
| Depreciation | $22,231 | DepreciationAmt |
| Book Value | $1,038 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,306,394 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,720,388 | DepreciationAmt |
| Book Value | $586,006 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $937,773 | OtherCostOrOtherBasisAmt |
| Depreciation | $737,547 | DepreciationAmt |
| Book Value | $200,226 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,010,707 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (6 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| SECONDARY CAPITAL OF HFCU | $35,060,775 | F |
| GOVERNMENT AGENCIES | $1,892,497 | F |
| RESIDENTIAL MORTGAGE-BACKED SEC. | $17,170,047 | F |
| TREASURIES | $98,578 | F |
| US TREASURY BONDS | $3,981,728 | F |
| MUNICIPAL BONDS | $5,004,428 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $63,208,053 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO AFFILIATE | $5 |
| LEASE LIABLILITY | $86,052 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $86,057 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE COMPANY HAS RECEIVED RULING FROM THE INTERNAL REVENUE SERVICE FOR EXEMPTION FROM INCOME TAXES AS A PUBLIC CHARITY UNDER INTERNAL REVENUE CODE SECTIONS 501(C)(3) AND 509(A)(2). POTENTIAL EXPOSURE INVOLVING TAX POSITIONS TAKEN THAT MAY BE CHALLENGED BY TAXING AUTHORITIES CONTAIN ASSUMPTIONS BASED UPON PAST EXPERIENCES AND JUDGMENTS ABOUT POTENTIAL ACTIONS BY TAXING JURISDICTIONS. MANAGEMENT DOES NOT BELIEVE THAT THE ULTIMATE SETTLEMENT OF THESE ITEMS WILL RESULT IN A MATERIAL AMOUNT. WITH MINIMUM EXCEPTIONS, THE COMPANY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION PRIOR TO 2017. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (21 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| DOWNTOWN SNACK SHOP | |||||||
| 1714 LAKE TRACE DR | JACKSON | MS | 39211 | 426358563 | $10,000 | $0 | CREDIT ENHANCEMENT GRANT |
| JACKSON AUTO SALES | |||||||
| 5538 N STATE ST | JACKSON | MS | 39206 | 831905280 | $10,000 | $0 | CREDIT ENHANCEMENT GRANT |
| HARPER'S HAIR CLOSET | |||||||
| 1096 PUGH RD | CLINTON | MS | 39056 | 354581979 | $10,000 | $0 | CREDIT ENHANCEMENT GRANT |
| PRO QUALITY LAWN CARE | |||||||
| 423 WOMACK DR | JACKSON | MS | 39209 | 900656117 | $25,000 | $0 | CREDIT ENHANCEMENT GRANT |
| ZELMER DAVENPORT DAYCARE | |||||||
| 227 BEAVER ST | EDWARDS | MS | 39066 | 427337265 | $10,000 | $0 | CREDIT ENHANCEMENT GRANT |
| LEWIS ACCOUNTING AND TAX SERVICES | |||||||
| 407 W NORTHSIDE DR | JACKSON | MS | 39206 | 428430224 | $10,000 | $0 | CREDIT ENHANCEMENT GRANT |
| ALL IN 1 NUTRITION | |||||||
| 5935 HWY 18 | JACKSON | MS | 39209 | 428494718 | $25,000 | $0 | CREDIT ENHANCEMENT GRANT |
| BURNS HEALTHCARE | |||||||
| 158 ELMWOOD PL | JACKSON | MS | 39212 | 371786044 | $10,000 | $0 | CREDIT ENHANCEMENT GRANT |
| C&C RELIABLE TOWING | |||||||
| 241 DONA AVE | JACKSON | MS | 39212 | 832253636 | $10,000 | $0 | CREDIT ENHANCEMENT GRANT |
| OFFBEAT ART | |||||||
| 1010 BELLEVUE PL | JACKSON | MS | 39202 | 587558637 | $25,000 | $0 | CREDIT ENHANCEMENT GRANT |
| CREATIVE IMAGINATION | |||||||
| 115 MADDOX S RD STE B | JACKSON | MS | 39212 | 832571547 | $25,000 | $0 | CREDIT ENHANCEMENT GRANT |
| FULFORD INTERNATIONAL | |||||||
| 25 BROAD ST | SELMA | AL | 36701 | 844162314 | $10,064 | $0 | REAL ESTATE RENOVATION |
| ORGANPI FARMS | |||||||
| 609 TREMONT ST | SELMA | AL | 36701 | 822043257 | $9,434 | $0 | REAL ESTATE RENOVATION |
| KEISHAWN BILLING & CODING SERVICES LLC | |||||||
| 29 IRIS LANE | WAGGAMAN | LA | 70094 | 834240344 | $10,166 | $0 | EQUIPMENT/PAYROLL |
| CHEATHAMS WHIPS | |||||||
| 3360 HARRISON RD | MONTGOMERY | AL | 36109 | 419904399 | $10,001 | $0 | HIRE EMPLOYEES |
| BOSSHOG LOGISTIC | |||||||
| 6645 WOODLEY CIRCLE | MONTGOMERY | AL | 36116 | 851108285 | $9,886 | $0 | EXPAND BUSINESS |
| SABRINA NARCISSE LLC | |||||||
| 2336 MITHRA ST | NEW ORLEANS | LA | 70122 | 831317627 | $10,006 | $0 | PURCHASE INVENTORY |
| INSPIRATIONAL TEES LLC | |||||||
| 175 SHADEVILLE RD | WIGGINS | MS | 39577 | 852779921 | $8,601 | $0 | WORKING CAPITAL |
| 20-20 VISIONS LLC | |||||||
| 6001 KIPLING RD | DEKALB | MS | 39328 | 844069527 | $10,229 | $0 | EQUIPMENT PURCHASE |
| LUNCHROOM COFFEE COMPANY LLC | |||||||
| 22835 AIDAN ROAD | PLAQUEMINE | LA | 70764 | 872192696 | $9,710 | $0 | WORKING CAPITAL |
| NOLA EXCLUSIVE CLEANING LLC | |||||||
| 4747 MANDEVILLE ST | NEW ORLEANS | LA | 70122 | 872276649 | $9,747 | $0 | WORKING CAPITAL |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 21 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE INVESTOR RELATIONS TEAM MONITORS GRANTS VIA REPORTING MODULES IN SALESFORCE ALONG WITH QUARTERLY RECONCILIATIONS WITH THE GENERAL LEDGER SYSTEM MANAGED BY THE FISCAL TEAM. IN THE RECONCILIATION PROCESS, ALL ACTIVE GRANTS ARE REVIEWED ALONG WITH DISCUSSIONS ABOUT KEY TOPICS SUCH AS REVENUE RECOGNITION, GRANT EXPENDITURES, RESTRICTION RELEASES, AND DOCUMENTATION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILLIAM BYNUM | ||||||||||||||
| PRESIDENT/CEO | $304,187 | $239 | $89,895 | $117 | $2,389 | $3 | $225,517 | $10 | $8,433 | $11 | $630,421 | $380 | $0 | $0 |
| EDWARD D SIVAK JR | ||||||||||||||
| EVP/CHIEF POLICY & COMM. OFFICER | $134,984 | $0 | $20,224 | $0 | $445 | $0 | $6,399 | $0 | $11,798 | $0 | $173,850 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 4B | HOPE ENTERPRISE CORPORATION (HOPE) WILL SET ASIDE AN AMOUNT EQUAL TO $20,000, AND AN ADDITIONAL $20,000 ON JANUARY 1 OF EACH SUBSEQUENT YEAR FOR A TOTAL OF $100,000 UNDER A 457(F) PLAN FOR THE CEO. |
| PART I, LINE 7 | THE CEO SHALL BE ELIGIBLE TO RECEIVE ANNUAL INCENTIVE COMPENSATION PAYMENT OF UP TO 30% OF HIS BASE SALARY PER ANNUM IN RELATIONSHIP TO THE ACHIEVEMENT OF FINANCIAL GOALS AND OBJECTIVES AS ESTABLISHED BY HOPE AT THE BEGINNING OF EACH FISCAL YEAR. THE BOARD, HOPE'S EXECUTIVE COMMITTEE, AND THE CEO SHALL ESTABLISH HOPE'S FINANCIAL GOALS AND OBJECTIVES. THE BOARD AND HOPE'S EXECUTIVE COMMITTEE (WITHOUT THE CEO) SHALL ESTABLISH THE AMOUNT OF INCENTIVE COMPENSATION PAYABLE TO THE CEO BASED ON THE EXTENT TO WHICH THE GOALS AND OBJECTIVES ARE ACHIEVED. IF HOPE AND THE CEO ARE UNABLE TO AGREE ON HOPE'S FINANCIAL GOALS AND OBJECTIVES FOR THE FISCAL YEAR, THE CEO WILL RECEIVE AN INCENTIVE COMPENSATION PAYMENT EQUAL TO TEN PERCENT (10%) OF HIS BASE SALARY FOR THAT FISCAL YEAR, PAYABLE AT THE END OF THAT FISCAL YEAR. FOR OTHER EMPLOYEES, HOPE MAY PROVIDE THE OPPORTUNITY TO EARN BONUSES BASED ON THEIR INDIVIDUAL PERFORMANCE AND ON THE CORPORATION'S OVERALL FINANCIAL PERFORMANCE. THE BONUSES ARE INTENDED TO DIRECT INDIVIDUAL AND CORPORATE PERFORMANCE AND REWARD EMPLOYEES FOR BEHAVIOR THAT CONTRIBUTES TO THE SUCCESS OF HOPE. PAYMENT MAY BE MADE QUARTERLY AND/OR ANNUALLY AND MAY BE BASED ON A COMBINATION OF INDIVIDUAL, TEAM, AND CORPORATE PERFORMANCE. THE STRUCTURE OF THE BONUSES WILL BE REVIEWED EACH YEAR BY SENIOR MANAGEMENT AND IS SUBJECT TO CHANGE. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 2 | IN 2022, THE ORGANIZATION STARTED THE HINDS COUNTY SMALL BUSINESS PROGRAM AND HBCU PROGRAMS. |
| FORM 990, PART V, LINE 1A: | THE NUMBER OF EMPLOYEES LISTED AS BEING ON FORM W-3 IS THE TOTAL EMPLOYEE COUNT FOR THE FILING ORGANIZATION. WHILE HOPE ENTERPRISE CORPORATION IS THE COMMON PAYMASTER FOR RELATED AND UNRELATED ENTITIES, THE NUMBER OF EMPLOYEES FOR PART V, LINE 1A ONLY INCLUDES THE EMPLOYEE COUNT FOR THE FILING ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 1A | EXECUTIVE AND GOVERNANCE COMMITTEE MAY EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS TO THE EXTENT SPECIFIED BY THE BOARD OF DIRECTORS. A COMMITTEE MAY NOT, HOWEVER, AUTHORIZE DISTRIBUTIONS; APPROVE OR RECOMMEND DISSOLUTION, MERGER OR THE SALE, PLEDGE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS; ELECT, APPOINT OR REMOVE DIRECTORS OR FILL VACANCIES ON THE BOARD OF DIRECTORS OR ON ANY OF ITS COMMITTEES; OR ADOPT, AMEND, OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE GOVERNING BODY DOES NOT REVIEW THE FORM 990 BEFORE FILING. HOWEVER, IT IS REVIEWED BY THE SVP FISCAL AND CFO. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR, OFFICER, AND EMPLOYEE SHALL SIGN ANNUALLY A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THIS CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY AND HAS AGREED TO COMPLY WITH THIS POLICY. THE BOARD YEARLY MONITORS THE POLICY FOR ANY UPDATES THAT NEED TO BE MADE. IT IS REVIEWED BY HUMAN ASSETS, LEGAL AND COMPLIANCE WHEN CONFLICTS OF INTEREST (PERCEIVED OR POTENTIAL) ARE DISCLOSED BY THE INDIVIDUAL. THE COMPLIANCE DEPARTMENT AND HUMAN ASSESTS ARE RESPONSIBLE FOR ENFORCING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. UPON THE FIRST KNOWLEDGE BY AN INTERESTED PERSON THAT THE ORGANIZATION IS CONSIDERING OR HAS CONSIDERED A TRANSACTION OR ARRANGEMENT WITH A TRANSACTION ENTITY OR INDIVIDUAL WITH WHICH THE INTERESTED PERSON HAS AN INTEREST, THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER INTEREST TO THE PRESIDENT OR CHAIRMAN OF THE BOARD OF DIRECTORS. AFTER DISCLOSURE OF THE INTEREST, THE INTERESTED PERSON MAY NOT PARTICIPATE IN CONSIDERATION OF THE PROPOSED TRANSACTION OR ARRANGEMENT AND SHALL NOT BE PRESENT FOR THE CONSIDERATION OF OR VOTE ON SUCH TRANSACTION UNLESS THE PRESIDENT REQUESTS INFORMATION OR INTERPRETATION FROM THE INTERESTED PERSON. THE PRESIDENT SHALL THEN DETERMINE OR REFER TO THE CHAIRMAN OF THE BOARD AND/OR THE BOARD FOR DETERMINATION OF WHETHER THE TRANSACTION OR ARRANGEMENT IS IN HEC'S BEST INTERESTS AND IS FAIR AND REASONABLE TO HEC AND SHALL MAKE A DECISION WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN ACCORDANCE WITH SUCH DETERMINATION. WHEN THE PRESIDENT, CHAIRMAN OF THE BOARD OR THE BOARD MAKE A DETERMINATION AND DECISION ON THE INTEREST OF AN INTERESTED PERSON, THE MINUTES SHALL CONTAIN THE NAMES OF THE INTERESTED PERSON(S) WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE AN INTEREST, THE NATURE OF THE INTEREST, A RECORD OF ANY DETERMINATION AS TO WHETHER A TRANSACTION OR ARRANGEMENT WAS IN THE BEST INTERESTS OF AND FAIR AND REASONABLE TO HEC AND THE NAMES OF THE PERSONS WHO WERE PRESENT FOR THE DISCUSSIONS ON THE TRANSACTION OR ARRANGEMENT AND A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH. IF THE PRESIDENT, CHAIRMAN OF THE BOARD OR THE BOARD HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE INTEREST, HE, SHE OR THEY SHALL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF AFTER HEARING THE RESPONSE OF THE INTERESTED PERSON AND MAKING SUCH INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE PRESIDENT, THE CHAIRMAN OF THE BOARD OR THE BOARD SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | ORGANIZATION'S SALARY ADMINISTRATION PROCESS IS OUTSOURCED TO GALLAGHER CONSULTING FIRM. ORGANIZATION WENT THROUGH A SALARY ANALYSIS WITH GALLAGHER CONSULTING FIRM IN 2018 WHERE THE CURRENT SALARY STRUCTURE AND GRADES WERE SET UP FOR ALL ROLES. IN JUNE OF 2021 THE PAY STRUCTURE WAS UPDATED TO REFLECT CURRENT DATA. THE NEXT STRUCTURE REVIEW IS SCHEDULED FOR FALL 2023. THE FOLLOWING SOURCES WERE USED AND ARE AGED TO OUR STRUCTURE: AMERICAN BANKERS ASSOCIATION 2021. DATA EFFECTIVE DATE IS DECEMBER 31, 2020; COMPANALYST, JOB ANALYZER (CA) 2022. THE DATABASE HAS COMPENSATION DATA ON MORE THAN 20 MILLION EMPLOYEES AND 1,500 UNIQUE JOB TITLES; COMPDATA BENCHMARK SURVEYS 2021 E DATA EFFECTIVE DATE IS OCTOBER 2021; CREDIT UNION NATIONAL ASSOCIATION (CUNA) STAFF SALARY REPORT 2021 DATA EFFECTIVE DATE IS APRIL 2021; ECONOMIC RESEARCH INSTITUTE (ERI) 2022 A NATIONAL COMPENSATION SUBSCRIPTION DATABASE; THE SALARY ASSESSOR DATABASE; MERCER BENCHMARK REPORT 2021. DATA EFFECTIVE DATE IS MARCH 2021; WILLIS TOWERS WATSON SALARY SURVEY 2021. USING THE SOURCES ABOVE EACH EXECUTIVE LEVEL JOB WAS COMPARED BASED ON THE FOLLOWING CRITERIA: JOB GROUP - ALL HOPE EXECUTIVE VICE PRESIDENT ROLES AND CREDIT UNIONS AND CDFI'S. INDUSTRIES/BUSINESS SECTOR - NONPROFITS, CREDIT UNIONS, CDFI'S. GEOGRAPHICAL REGION - NATIONAL. SIZE OF BUDGET, SCOPE, STAFF, SIZE - $500 MILLION IN ASSETS AND APPROXIMATELY 250 EMPLOYEES. MARKET POSITIONING - MEDIAN (50TH PERCENTILE). USING THE SOURCES ABOVE EACH SENIOR LEADERSHIP JOB WAS COMPARED BASED ON THE FOLLOWING CRITERIA: JOB GROUP - ALL HOPE SENIOR LEADERSHIP ROLES INCLUDING SVP'S AND VP'S. INDUSTRIES/BUSINESS SECTOR - NONPROFITS, CREDIT UNIONS, CDFI'S. GEOGRAPHICAL REGION - SOUTHWEST REGION. SIZE OF BUDGET, SCOPE, STAFF, SIZE - $400 MILLION IN ASSETS AND APPROXIMATELY 250 EMPLOYEES. MARKET POSITIONING - MEDIAN (50TH PERCENTILE). ORGANIZATION CONTINUES TO USE GALLAGHER CONSULTING FIRM FOR COMPENSATION DATA FOR ALL NEWLY CREATED ROLES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION CAN BE CONTACTED DIRECTLY IN ORDER TO REQUEST GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. |
| FORM 990, PART VII, SECTION A: | THE FILING ORGANIZATION IS A COMMON PAYMASTER FOR RELATED AND UNRELATED ENTITIES (AS DEFINED IN FORM 990, SCHEDULE R). THE COMPENSATION FOR THE OFFICERS OF THE FILING ORGANIZATION IS REIMBURSED BY THE UNRELATED ORGANIZATION BUT IS NOT REIMBURSED BY THE RELATED ORGANIZATION. PART VII IS PRESENTED TO SHOW THE ALLOCATION BETWEEN THE TWO RELATED ENTITIES BASED ON TIME CARDS. THE UNRELATED PORTION IS NOT SHOWN. TOTAL W-2 COMPENSATION PAID TO THE OFFICERS IS AS FOLLOWS: WILLIAM BYNUM $569,677 ALAN BRANSON $236,625 PEARL WICKS $208,666 EDWARD D SIVAK JR $185,889 KIMBERLA LITTLE $163,973 CASSANDRA WILLIAMS $153,201 |
| FORM 990, PART IX, LINE 11G | CONTRACT SERVICES CONSULTANTS: PROGRAM SERVICE EXPENSES 2,050,999. MANAGEMENT AND GENERAL EXPENSES 404,251. FUNDRAISING EXPENSES 19,290. TOTAL EXPENSES 2,474,540. |
| FORM 990, PART XI, LINE 9: | LOAN ALLOWANCE PROVISION -359,589. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOME AGAIN INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 OLD RIVER PLACE SUITE A | AddressLine1Txt |
| City | JACKSON | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204526894 | EIN |
| Primary Activities | AFFORDABLE HOUSING DEVELOPMENT | PrimaryActivitiesTxt |
| Legal Domicile State | MS | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 10 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOPE ENTERPRISE CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (18 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ECD INVESTMENTS LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 721376692 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | -$10,769 | -$237,612 | 0 | Yes (1) | 1.00000 |
| ECD ASSIOCIATES LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 300224328 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $4,071 | $644,669 | 0 | Yes (1) | 0.28570 |
| ECD NEW MARKETS LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 550787936 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $9,639 | $1,257,836 | 0 | Yes (1) | 0.39940 |
| HOPE NEW MARKETS 5 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 364852627 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | -$5 | $578 | 0 | Yes (1) | 0.00010 |
| HOPE NEW MARKETS 7 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 364852910 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $4 | $780 | 0 | Yes (1) | 0.00010 |
| HOPE NEW MARKETS 8 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 352578311 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $18 | $73 | 0 | Yes (1) | 0.00010 |
| HOPE NEW MARKETS 9 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 364853101 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $27 | $878 | 0 | Yes (1) | 0.00010 |
| HOPE NEW MARKETS 10 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 611809803 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $18 | $793 | 0 | Yes (1) | 0.00010 |
| HOPE NEW MARKETS 12 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 611810268 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $4 | $986 | 0 | Yes (1) | 0.00010 |
| HOPE NEW MARKETS 13 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 352579556 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $6 | $787 | 0 | Yes (1) | 0.00010 |
| HOPE NEW MARKETS 14 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 352579181 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $3 | $691 | 0 | Yes (1) | 0.00010 |
| HOPE NEW MARKETS 15 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 831979734 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $4 | $1,383 | 0 | Yes (1) | 0.00010 |
| HOPE NEW MARKETS 16 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 842018487 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $2 | $693 | 0 | Yes (1) | 0.00010 |
| HOPE NEW MARKETS 17 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 842032672 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $5 | $988 | 0 | Yes (1) | 0.00010 |
| HOPE NEW MARKETS 18 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 842049645 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $1 | $698 | 0 | Yes (1) | 0.00010 |
| HOPE NEW MARKETS 19 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 842063274 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $3 | $1,395 | 0 | Yes (1) | 0.00010 |
| HOPE NEW MARKETS 20 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 842080890 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $2 | $797 | 0 | Yes (1) | 0.00010 |
| HOPE NEW MARKETS 21 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 872878161 | COMMUNITY/BUS. DEVELOPMENT | MS | HOPE ENTERPRISE CORPORATION | RELATED | $600 | 0 | Yes (1) | 0.00010 | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HOPE NEW MARKETS 6 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 371842771 | COMMUNITY/BUS. DEVELOPMENT | MS | VHS INVEST | C | $12 | $1,085 | 0.00010 | 0 | |
| HOPE NEW MARKETS 11 LLC | |||||||||||||
| 4 OLD RIVER PLACE SUITE A | JACKSON | MS | 39202 | 320512233 | COMMUNITY/BUS. DEVELOPMENT | MS | C | $10 | $851 | 0.00010 | 0 | N/A | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| HOPE NEW MARKETS 18 LLC | ||
| L | $238,433 | COST |
| HOPE NEW MARKETS 19 LLC | ||
| L | $474,644 | COST |
| HOPE NEW MARKETS 20 LLC | ||
| L | $272,311 | COST |
| HOME AGAIN INC | ||
| Q | $98,823 | COST |