2022-05-11T15:59:11-05:00 2020-06-30 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2019-07-01 237013134 HOPE COMMUNITY INC HOPE 2128608821 174 EAST 104TH STREET NEW YORK NY 10029 WALTER M ROBERTS EXECUTIVE DIRECTOR 2128608821 2022-05-11 1 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2022-05-09 2019 2022-09-23 18:48:47Z X WALTER M ROBERTS 174 EAST 104TH STREET NEW YORK NY 10029 8057844 0 X WWW.HOPECL.ORG X 1968 NY TO DEVELOP, OWN, MANAGE, AND PROVIDE HOUSING FOR MODERATE INCOME INDIVIDUALS AS WELL AS PROVIDE HOUSING AND REHABILITATION SERVICES TO HOMELESS FAMILIES. 12 12 0 0 0 0 320224 1133885 5334952 4976154 27417 1913548 375479 3008 6058072 8026595 0 0 0 0 4253899 4559956 0 0 15992 2654919 2271809 6908818 6831765 -850746 1194830 6256760 45892417 5570365 6658119 686395 39234298 THE ORGANIZATION DEVELOPS, OWNS, MANAGES AND PROVIDES HOUSING FOR MODERATE INCOME INDIVIDUALS AS WELL AS PROVIDES HOUSING AND REHABILITATION SERVICES TO HOMELESS FAMILIES. 0 0 4238933 4988826 THE ORGANIZATION DEVELOPS, OWNS, MANAGES AND PROVIDES HOUSING FOR MODERATE INCOME INDIVIDUALS AS WELL AS PROVIDES HOUSING AND REHABILITATION SERVICES TO HOMELESS FAMILIES. 1772224 HOPE CONTINUES TO FOCUS ON PRESERVATION ACTIVITY THAT BOTH UPGRADE THE PHYSICAL CONDITION OF ITS BUILDINGS AND FINANCING SO THAT THE BUILDING REMAINS AFFORDABLE TO RESIDENTS. 6011157 1 1 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 0 0 NY X WALTER M ROBERTS 2128608821 174 EAST 104TH STREET NEW YORK NY 10029 ANTHONY NELSON VICE CHAIR 1.00 1.00 X X 0 0 0 BRAD BECKSTROM BOARD CHAIR 1.00 1.00 X X 0 0 0 BRIAN BLAKE TREASURER 1.00 1.00 X X 0 0 0 CARLOS DIAZ DIRECTOR 1.00 1.00 X 0 0 0 GEMMA THOMAS DIRECTOR 1.00 1.00 X 0 0 0 KEVIN BARRETT DIRECTOR 1.00 1.00 X 0 0 0 MADISON BEDARD DIRECTOR 1.00 1.00 X 0 0 0 MAX MARKHAM SECRETARY 1.00 1.00 X X 0 0 0 MICHAEL COLAZZO DIRECTOR 1.00 1.00 X 0 0 0 STACY CRAWFORD DIRECTOR 1.00 1.00 X 0 0 0 VARUN SANYAL DIRECTOR 1.00 1.00 X 0 0 0 WILLIAM OFENIOCH DIRECTOR 1.00 1.00 X 0 0 0 LORENZO CESARE DIRECTOR OF FINANCE 35.00 X 106571 0 0 WALTER M ROBERTS EXECUTIVE DIRECTOR 35.00 X 130184 0 0 236755 0 0 2 0 0 0 0 126439 918571 88875 1133885 BUILDING MAINTENANCE 531390 1862769 1862769 RENTAL INCOME 531390 1717946 1717946 MANAGEMENT & SOCIAL SERVICE 531390 1328218 1328218 DEVELOPER FEES 531390 67221 67221 4976154 1913548 1913548 21585 126439 31249 -9664 -9664 MISCELLANEOUS 900099 12672 12672 12672 8026595 4988826 0 1903884 234042 208880 25162 3660781 3267201 393580 8473 8079 394 415227 395899 19328 241433 230195 11238 147767 147767 27877 25377 2500 53445 53445 90312 88383 1929 8713 8713 185936 78618 107318 160717 160717 1244950 1244950 577 577 38684 38684 57376 34275 23101 BAD DEBTS 166044 166044 REPAIRS & MAINTENANCE 56112 56112 LICENSES & PERMIT FEE 9813 9813 BUILDING MAINTENANCE RE 3995 3995 19491 3499 15992 6831765 6011157 804616 15992 1561587 4499380 241094 71829 890094 5774686 433225 459359 490967 22433 2545201 1546802 904270 998399 38659 42332 30926883 1696864 3097116 6256760 45892417 959482 860143 758358 2148447 438595 438595 250000 3163930 3210934 5570365 6658119 X 686395 39234298 686395 39234298 6256760 45892417 1194830 3251 37349822 0 X X 0 1 X 1 0 X 2315749 2147813 1356845 320224 1133885 7274516 5157949 5002381 4581308 5334952 4976154 25052744 7473698 7150194 5938153 5655176 6110039 32327260 0 0 0 32327260 19812 24884 25651 27417 1913548 2011312 19812 24884 25651 27417 1913548 2011312 315130 2244587 497887 425473 34257 3517334 7808640 9419665 6461691 6108066 8057844 37855906 0.85400 0.90560 0.05310 0.00330 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GAIN ON DISPOSITION OF PROPERTY - 2016 AMOUNT: $ 1,832,658. INSURANCE RECOVERY - 2016 AMOUNT: $ 164,577. 2017 AMOUNT: $ 414,694. MISCELLANEOUS - 2015 AMOUNT: $ 116,620. 2016 AMOUNT: $ 156,126. 2017 AMOUNT: $ 72,993. 2018 AMOUNT: $ 419,983. 2019 AMOUNT: $ 12,672. FUNDRAISING - 2015 AMOUNT: $ 87,100. 2016 AMOUNT: $ 91,226. 2017 AMOUNT: $ 10,200. 2018 AMOUNT: $ 5,490. 2019 AMOUNT: $ 21,585. TAX REIMBURSEMENT - 2015 AMOUNT: $ 111,410. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 X 15500 15500 983910 576396 407514 176386 86361 90025 992498 884045 108453 376907 376907 998399 INVESTMENT IN AFFILIATES 30926883 C 30926883 DUE FROM AFFILIATES 2629722 DEFERRED RENT INCOME 462450 SECURITY DEPOSITS 4944 3097116 DEFERRED RENT PAYABLE 3210934 3210934 X PART IV, LINE 2B: HOPE COMMUNITY INC. HAD SECURITY DEPOSITS OF $438,595 AS OF 6/30/20. THE FUNDS ARE KEPT IN A SEPARATE BANK ACCOUNT. PART X, LINE 2: HOPE COMMUNITY INC. APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS TAX-EXEMPT ENTITIES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2020. DUE TO THEIR TAX-EXEMPT STATUS, THE NONPROFIT CORPORATIONS ARE NOT SUBJECT TO INCOME TAXES. THE NONPROFIT CORPORATIONS ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ANNUAL GALA 148024 126439 21585 21585 2946 6718 148024 126439 21585 21585 2946 6718 31249 -9664 FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 WAS SUBMITTED TO ALL BOARD MEMBERS VIA US MAIL OR ELECTRONIC MAIL. PRIOR TO SUBMISSION TO THE IRS, THE 990 WAS APPROVED BY THE PRESIDENT OF THE BOARD OF DIRE CTORS. ANY QUESTIONS OR CONCERNS RAISED BY THE BOARD OF DIRECTORS ARE ADDRESSED TO THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REQUIRE ANNUAL CERTIFICATIONS BY ALL MEMBERS AND KEY MEMBERS OF MAN AGEMENT. MEMBERS WITH CONFLICTS ARE REQUIRED TO RECUSE THEMSELVES FROM DELIBERATION AND VOTING ON CONFLICTED ISSUES. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEW AND APPROVE ALL COMPENSATION FOR THE EXECUTIVE DIRECTOR. THIS WAS LAST PERFORMED IN JUNE 2019. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE NEW YORK STATE CHARITIES REGISTRATION BUREAU. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART I, LINE 5 & PART V, LINE 2A: THE ORGANIZATION USES A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) FOR THE FILING OF FORMS W-2. AS SUCH, THE ORGANIZATION ITSELF DOES NOT ISSUE ANY FORMS W-2 USING ITS EIN. THE ORGANIZATION DOES, HOWEVER, HAVE 94 EMPLOYEES WHO RECEIVE FORMS W-2 THROUGH THE PEO PAYMASTER. AMENDED RETURN: FORM 990 WAS AMENDED TO REFLECT CHANGES MADE UPON FINALIZATION OF AUDITED FINANCIAL STATEMENTS. THE FOLLOWING PARTS HAVE BEEN UPDATED TO REFLECT THIS: PART I, III, IV, VIII, X, XI, AND XII. ALSO, THE FOLLOWING SCHEDULES HAVE BEEN UPDATED: SCHEDULE A, D, AND O. HOPE HEF CT LLC 174 EAST 104TH STREET NEW YORK NY 10029 RENTALS NY 27001 769762 HOPE COMMUNITY INC MUSCOOTA INC 174 EAST 104TH STREET NEW YORK NY 10029 133371670 HOUSING SVCS NY 501(C)(2) HOPE COMMUNITY INC 1 RIOS SENIOR RESIDENCE HDFC 174 EAST 104TH STREET NEW YORK NY 10029 133738157 HOUSING SVCS NY 501(C)(3) LINE 7 HOPE COMMUNITY INC 1 239 EAST 115TH SRTEET HOUSING DEVEL 174 EAST 104TH STREET NEW YORK NY 10029 133660633 HOUSING SVCS NY 501(C)(3) LINE 7 HOPE COMMUNITY INC 1 HARLEM MEER LP 174 EAST 104TH STREET NEW YORK NY 10029 133769626 RENTALS NY N/A 0 0 NEW HARLEM VILLAGE II LP 174 EAST 104TH STREET NEW YORK NY 10029 133818164 RENTALS NY N/A 0 0 HOPE FOUNDERS LP 174 EAST 104TH STREET NEW YORK NY 10029 201198506 RENTALS NY N/A 0 0 OLD HARLEM ROAD LP 174 EAST 104TH STREET NEW YORK NY 10029 030385599 RENTALS NY N/A 0 0 QUATRO LEX LP 174 EAST 104TH STREET NEW YORK NY 10029 133737414 RENTALS NY N/A 0 0 MUSCOOTA HOPE LLC 174 EAST 104TH STREET NEW YORK NY 10029 270633711 RENTALS NY N/A 0 0 HOPE CANAAN 118 LLC 174 EAST 104TH STREET NEW YORK NY 10029 465031842 RENTALS NY N/A 0 0 CANAAN HOPE INC 174 EAST 104TH STREET NEW YORK NY 10029 133770873 RENTALS NY HOPE COMMUNITY INC C 1.00000 0 HOPE FOUNDERS INC 174 EAST 104TH STREET NEW YORK NY 10029 201198638 RENTALS NY HOPE COMMUNITY INC C 5000 1.00000 0 OLD HARLEM ROAD INC 174 EAST 104TH STREET NEW YORK NY 10029 752997280 RENTALS NY HOPE COMMUNITY INC C 26670 72063 1.00000 0 PLEASANT VILLAGE INC 174 EAST 104TH STREET NEW YORK NY 10029 300168299 RENTALS NY HOPE COMMUNITY INC C 1.00000 0 REVIVE 103 HOPE HDFC INC 174 EAST 104TH STREET NEW YORK NY 10029 262008800 RENTALS NY HOPE COMMUNITY INC C 521266 3989330 1.00000 0 CALVERT APARTMENTS LLC 174 EAST 104TH STREET NEW YORK NY 10029 261904715 RENTALS NY N/A C 0 ROOSEVELT LANE HOPE HOUSING DEVELOPMENT FUND COMPANY INC 174 EAST 104TH STREET NEW YORK NY 10029 273452635 RENTALS NY HOPE COMMUNITY INC C 1.00000 0 HOPE CROSSROADS HOUSING DEVELOPMENT FUND CORPORATION INC 174 EAST 104TH STREET NEW YORK NY 10029 562508466 RENTALS NY HOPE COMMUNITY INC C 1.00000 0 NEW FRONTIERS 2 HOPE HOUSING DEVELOPMENT FUND COMPANY INC 174 EAST 104TH STREET NEW YORK NY 10029 263442846 RENTALS NY HOPE COMMUNITY INC C 1.00000 0 NEW FRONTIERS 1 HOPE HOUSING DEVELOPMENT FUND COMPANY INC 174 EAST 104TH STREET NEW YORK NY 10029 262009242 RENTALS NY HOPE COMMUNITY INC C 1.00000 0 NEW FRONTIERS 3 HOPE HOUSING DEVELOPMENT FUND COMPANY INC 174 EAST 104TH STREET NEW YORK NY 10029 263442906 RENTALS NY HOPE COMMUNITY INC C 1.00000 0 NEW HAARLEM VILLAGE I HOPE HOUSING DEVELOPMENT FUND COMPANY INC 174 EAST 104TH STREET NEW YORK NY 10029 273452423 RENTALS NY HOPE COMMUNITY INC C 1.00000 0 LENOX AVENUE DEVELOPER LLC 174 EAST 104TH STREET NEW YORK NY 10029 RENTALS NY HOPE COMMUNITY INC C 1.00000 0 EAST HARLEM MEC PARCEL C HOUSING DEVELOPMENT FUND CORPORATION 174 EAST 104TH STREET NEW YORK NY 10029 271583671 RENTALS NY HOPE COMMUNITY INC C 1.00000 0 HOPEOPERATION FIGHT BACK LLC 174 EAST 104TH STREET NEW YORK NY 10029 832346430 RENTALS NY HOPE COMMUNITY INC C 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0