2023-11-14T17:03:03-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 5001 SPRING VALLEY ROAD SUITE 600W DALLAS TX 75244 990 2022-01-01 640851798 HOPE ENTERPRISE CORPORATION HOPE 6019441100 4 OLD RIVER PLACE A JACKSON MS 39202 ALAN BRANSON CFO 6019441100 2023-11-13 1 ALAN BRANSON 999009999 0 LACEY M QUATSOE P01300865 9723835700 2023-11-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM BYNUM 4 OLD RIVER PLACE A JACKSON MS 39202 20514113 0 X WWW.HOPE-EC.ORG X 1993 MS STRENGTHEN FINANCIAL HEALTH & WEALTH OF PEOPLE IN UNDER-RESOURCED DEEP SOUTH COMMUNITIES. 20 20 326 20 0 0 15416499 12778063 9495555 3753179 47052 9517 0 -87881 24959106 16452878 5776026 765398 0 0 5509184 4582026 0 0 486313 12829433 8477600 24114643 13825024 844463 2627854 150349143 124090537 97094676 71756890 53254467 52333647 X TO STRENGTHEN THE FINANCIAL HEALTH AND WEALTH OF PEOPLE IN UNDER-RESOURCED DEEP SOUTH COMMUNITIES. 1 0 3393775 309699 2111622 REGIONAL DEVELOPMENT OF SYSTEMS AND ORGANIZATIONS TO IMPROVE HOUSING, COMMUNICATIONS, WORKFORCE TRAINING, GENERAL BUSINESS DEVELOPMENT AND ACCESS TO CAPITAL. 2549531 455699 1460601 DEVELOPMENT FINANCE SPECIALIZES IN LOANS TO SMALL TO MEDIUM SIZED MANUFACTURING AND SERVICE BUSINESSES. 748766 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. 534102 78956 HOUSING INITIATIVE PROVIDES FINANCE FOR AFFORDABLE HOUSING TO FAMILIES. 534102 78956 7226174 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 X 7 0 1 326 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 AL AR LA MS TN X ALAN BRANSON 6019441100 4 OLD RIVER PL JACKSON MS 39202 X MIKE ESPY CHAIR - THRU 12/16/22 0.04 0.00 X X 0 0 0 IVYE ALLEN SECRETARY 0.04 0.00 X X 0 0 0 CLAIBORNE BARKSDALE DIRECTOR 0.04 0.00 X 0 0 0 ANN MARIE BURGOYNE DIRECTOR 0.04 0.00 X 0 0 0 MAURICIO CALVO DIRECTOR 0.04 0.00 X 0 0 0 SUSANNAH CARRIER DIRECTOR 0.04 0.00 X 0 0 0 RONNIE CRUDUP DIRECTOR 0.04 0.08 X 0 0 0 REBECCA DIXON DIRECTOR 0.27 0.00 X 0 0 0 ROBERT GIBBS DIRECTOR 0.04 0.00 X 0 0 0 HERSCHELL HAMILTON DIRECTOR 0.04 0.08 X 0 0 0 CAROLYN JEFFERSON DIRECTOR 0.04 0.00 X 0 0 0 MAURICE JONES DIRECTOR 0.04 0.00 X 0 0 0 DAN LETENDRE DIRECTOR 0.04 0.00 X 0 0 0 BLANCHE LINCOLN DIRECTOR 0.04 0.00 X 0 0 0 FELECIA LUCKY DIRECTOR 0.19 0.00 X 0 0 0 FRED MILLER DIRECTOR 0.04 0.00 X 0 0 0 JUDY REESE MORSE DIRECTOR 0.19 0.00 X 0 0 0 MARTHA MURPHY DIRECTOR 0.04 0.00 X 0 0 0 JEFFREY NOLAN DIRECTOR 0.04 0.00 X 0 0 0 BILLY PERCY DIRECTOR 0.04 0.00 X 0 0 0 ALEX WISE DIRECTOR 0.04 0.00 X 0 0 0 WILLIAM BYNUM PRESIDENT/CEO 29.52 0.04 X 396471 359 233971 ALAN BRANSON EVP/CFO/TREASURER/ASST SECRETARY 21.08 0.06 X 112685 148 15462 EDWARD D SIVAK JR EVP/CHIEF POLICY & COMM. OFFICER 43.46 0.00 X 155653 0 18197 KIMBERLA LITTLE EVP/CHIEF HUMAN ASSETS OFFICER 20.00 0.00 X 81987 0 7526 PEARL WICKS EVP/CHIEF OPERATING OFFICER 0.38 0.00 X 2043 0 290 CASSANDRA WILLIAMS EVP/CHIEF PROGRAM OFFICER 7.31 0.00 X 26900 0 4891 775739 507 280337 3 0 1 0 WILSON PERUMAL AND COMPANY 13355 NOEL ROAD STE 1100 DALLAS TX 75240 BUSINESS MANAGEMENT CONSULTING 479498 CLASSIC LAKE LLC PO BOX 13122 ATLANTA GA 30324 PROJECT MANAGEMENT & FINANCIAL CONSULT 315046 CLIFTONLARSONALLEN LLP PO BOX 679334 DALLAS TX 75267 ACCOUNTING 312261 STRATEGIC DEVELOPMENT SOLUTIONS LLC 1281 WESTWOOD BLVD STE 200 LOS ANGELES CA 90024 FINANCIAL MANAGEMENT 213638 4 3153274 9624789 12778063 LOAN,ORIGIN,OTHER FEES 525990 2168723 2168723 INTEREST INCOME ON LOANS 525990 1584456 1584456 3753179 20656 20656 4050096 4061235 -11139 -11139 -11139 CONTRACT REVENUE 900099 10000 10000 HONORARIUMS 900099 2911 2911 OTHER INCOME 900099 1208 1208 -102000 -102000 -87881 16452878 3651179 0 23636 X 765398 765398 1056584 542163 458859 55562 2925055 1135492 1542855 246708 79651 11436 59697 8518 291916 114844 152968 24104 228820 94431 116735 17654 54452 54452 278283 278283 38515 15283 23232 2474540 2050999 404251 19290 483589 406430 66835 10324 705449 273902 383417 48130 541169 174907 334774 31488 294645 145469 137584 11592 99329 70021 27260 2048 1091420 127808 963612 410693 410693 232496 232496 HFCU OPERATION SUPPORT 494300 494300 FORGIVABLE LOAN EXPENSE 400751 400751 SERVICE FEES 388685 167492 215891 5302 TEMPORARY STAFFING 174435 73903 100532 314849 161145 148111 5593 13825024 7226174 6112537 486313 29654392 21307567 892346 10509858 497780 1186510 340225 279021 46501828 20529594 390175 416942 8271822 6261115 2033065 2010707 65515413 63208053 4523919 4642285 150349143 124090537 2346119 2450296 7046214 4864146 86956038 64356391 746305 86057 97094676 71756890 X 35464668 34819584 17789799 17514063 53254467 52333647 150349143 124090537 X 2627854 -3189085 -359589 X 0 1 X 1 1 1 X 13239558 11746741 37689400 15416499 12778063 90870261 2325702 3566946 5631546 9495555 3651179 24670928 15565260 15313687 43320946 24912054 16429242 115541189 838618 7199760 30356060 11454557 5740714 55589709 925854 607560 491468 2024882 1764472 7807320 30356060 11454557 6232182 57614591 57926598 611895 763568 661943 74478 20656 2132540 611895 763568 661943 74478 20656 2132540 -558154 14119 -544035 16177155 16077255 43424735 24986532 16464017 117129694 0.49460 0.52360 0.01820 0.01940 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS LOSS - 2020 AMOUNT: $ -558,154. OTHER INCOME - 2022 AMOUNT: $ 1,208. CONTRACT REVENUE - 2022 AMOUNT: $ 10,000. HONORARIUMS - 2022 AMOUNT: $ 2,911. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 13825024 13825024 841251 210313 0 0 945657 976677 1000000 841251 3763585 5645378 135393 118782 28802 282977 236414 244169 250000 210313 940896 1411344 2004386 780949 1223437 23269 22231 1038 5306394 4720388 586006 937773 737547 200226 2010707 SECONDARY CAPITAL OF HFCU 35060775 F GOVERNMENT AGENCIES 1892497 F RESIDENTIAL MORTGAGE-BACKED SEC. 17170047 F TREASURIES 98578 F US TREASURY BONDS 3981728 F MUNICIPAL BONDS 5004428 F 63208053 DUE TO AFFILIATE 5 LEASE LIABLILITY 86052 86057 X PART X, LINE 2: 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. 1 DOWNTOWN SNACK SHOP 1714 LAKE TRACE DR JACKSON MS 39211 426358563 10000 0 CREDIT ENHANCEMENT GRANT JACKSON AUTO SALES 5538 N STATE ST JACKSON MS 39206 831905280 10000 0 CREDIT ENHANCEMENT GRANT HARPER'S HAIR CLOSET 1096 PUGH RD CLINTON MS 39056 354581979 10000 0 CREDIT ENHANCEMENT GRANT PRO QUALITY LAWN CARE 423 WOMACK DR JACKSON MS 39209 900656117 25000 0 CREDIT ENHANCEMENT GRANT ZELMER DAVENPORT DAYCARE 227 BEAVER ST EDWARDS MS 39066 427337265 10000 0 CREDIT ENHANCEMENT GRANT LEWIS ACCOUNTING AND TAX SERVICES 407 W NORTHSIDE DR JACKSON MS 39206 428430224 10000 0 CREDIT ENHANCEMENT GRANT ALL IN 1 NUTRITION 5935 HWY 18 JACKSON MS 39209 428494718 25000 0 CREDIT ENHANCEMENT GRANT BURNS HEALTHCARE 158 ELMWOOD PL JACKSON MS 39212 371786044 10000 0 CREDIT ENHANCEMENT GRANT C&C RELIABLE TOWING 241 DONA AVE JACKSON MS 39212 832253636 10000 0 CREDIT ENHANCEMENT GRANT OFFBEAT ART 1010 BELLEVUE PL JACKSON MS 39202 587558637 25000 0 CREDIT ENHANCEMENT GRANT CREATIVE IMAGINATION 115 MADDOX S RD STE B JACKSON MS 39212 832571547 25000 0 CREDIT ENHANCEMENT GRANT FULFORD INTERNATIONAL 25 BROAD ST SELMA AL 36701 844162314 10064 0 REAL ESTATE RENOVATION ORGANPI FARMS 609 TREMONT ST SELMA AL 36701 822043257 9434 0 REAL ESTATE RENOVATION KEISHAWN BILLING & CODING SERVICES LLC 29 IRIS LANE WAGGAMAN LA 70094 834240344 10166 0 EQUIPMENT/PAYROLL CHEATHAMS WHIPS 3360 HARRISON RD MONTGOMERY AL 36109 419904399 10001 0 HIRE EMPLOYEES BOSSHOG LOGISTIC 6645 WOODLEY CIRCLE MONTGOMERY AL 36116 851108285 9886 0 EXPAND BUSINESS SABRINA NARCISSE LLC 2336 MITHRA ST NEW ORLEANS LA 70122 831317627 10006 0 PURCHASE INVENTORY INSPIRATIONAL TEES LLC 175 SHADEVILLE RD WIGGINS MS 39577 852779921 8601 0 WORKING CAPITAL 20-20 VISIONS LLC 6001 KIPLING RD DEKALB MS 39328 844069527 10229 0 EQUIPMENT PURCHASE LUNCHROOM COFFEE COMPANY LLC 22835 AIDAN ROAD PLAQUEMINE LA 70764 872192696 9710 0 WORKING CAPITAL NOLA EXCLUSIVE CLEANING LLC 4747 MANDEVILLE ST NEW ORLEANS LA 70122 872276649 9747 0 WORKING CAPITAL 0 21 PART I, LINE 2: 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. X X X 0 1 0 0 0 0 0 1 0 WILLIAM BYNUM PRESIDENT/CEO 304187 239 89895 117 2389 3 225517 10 8433 11 630421 380 0 0 EDWARD D SIVAK JR EVP/CHIEF POLICY & COMM. OFFICER 134984 0 20224 0 445 0 6399 0 11798 0 173850 0 0 0 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. 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. HOME AGAIN INC 4 OLD RIVER PLACE SUITE A JACKSON MS 39202 204526894 AFFORDABLE HOUSING DEVELOPMENT MS 501(C)(3) 10 HOPE ENTERPRISE CORPORATION 1 ECD INVESTMENTS LLC 4 OLD RIVER PLACE SUITE A JACKSON MS 39202 721376692 COMMUNITY/BUS. DEVELOPMENT MS HOPE ENTERPRISE CORPORATION RELATED -10769 -237612 0 1 1.00000 ECD ASSIOCIATES LLC 4 OLD RIVER PLACE SUITE A JACKSON MS 39202 300224328 COMMUNITY/BUS. DEVELOPMENT MS HOPE ENTERPRISE CORPORATION RELATED 4071 644669 0 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 9639 1257836 0 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 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 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 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 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 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 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 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 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 1383 0 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 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 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 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 1395 0 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 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 1 0.00010 HOPE NEW MARKETS 6 LLC 4 OLD RIVER PLACE SUITE A JACKSON MS 39202 371842771 COMMUNITY/BUS. DEVELOPMENT MS VHS INVEST C 12 1085 0.00010 0 HOPE NEW MARKETS 11 LLC 4 OLD RIVER PLACE SUITE A JACKSON MS 39202 320512233 COMMUNITY/BUS. DEVELOPMENT MS N/A C 10 851 0.00010 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 HOPE NEW MARKETS 18 LLC L 238433 COST HOPE NEW MARKETS 19 LLC L 474644 COST HOPE NEW MARKETS 20 LLC L 272311 COST HOME AGAIN INC Q 98823 COST