2017-10-10T13:33:24-05:00 2016-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2015-07-01 237013134 HOPE COMMUNITY INC HOPE 2128608821 174 EAST 104TH STREET NEW YORK NY 10029 WALTER ROBERTS EXECUTIVE DIRECTOR 2128608821 2017-10-04 1 AARON SHAPIRO P01333816 2128674000 2015 2021-01-29 14:40:06Z X WALTER ROBERTS 174 EAST 104TH STREET NEW YORK NY 10029 7649656 0 X N/A X 1968 NY THE ORGANIZATION DEVELOPS, OWNS, MANAGES AND PROVIDES HOUSING FOR MODERATE INCOME INDIVIDUALS AS WELL AS PROVIDES HOUSING AND REHABILITATION SERVICES TO HOMELESS FAMILIES. 13 13 103 13 0 0 1942372 2156765 3460790 5269359 1026883 19812 285706 146616 6715751 7592552 0 0 0 0 4893788 5392393 0 0 245812 1092053 5082252 5985841 10474645 729910 -2882093 6903637 5166529 727301 3978283 6176336 1188246 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 4535904 3359016 THE ORGANIZATION DEVELOPS, OWNS, MANAGES AND PROVIDES HOUSING FOR MODERATE INCOME INDIVIDUALS AS WELL AS PROVIDES HOUSING AND REHABILITATION SERVICES TO HOMELESS FAMILIES. 2103864 1910343 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. 6639768 1 1 0 0 0 0 0 0 0 0 1 0 0 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 1 0 0 1 0 0 103 1 0 0 0 0 0 1 1 0 0 0 0 X 13 13 0 0 0 1 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 NY X ANDREA QUETELL 2128608821 174 EAST 104TH STREET NEW YORK NY 10029 BRAD BECKSTROM PRESIDENT 5.00 2.00 X X 0 0 0 JONATHAN VAZCONES VICE PRESIDENT 5.00 2.00 X X 0 0 0 KEVIN BARRETT TREASURER 5.00 2.00 X X 0 0 0 GEMMA THOMAS SECRETARY 5.00 2.00 X X 0 0 0 BRIAN A BLAKE DIRECTOR 5.00 2.00 X 0 0 0 ROGER CABAN DIRECTOR 5.00 2.00 X 0 0 0 MICHAEL COLLAZZO JR DIRECTOR 5.00 2.00 X 0 0 0 STACY CRAWFORD DIRECTOR 5.00 2.00 X 0 0 0 CARLOS DIAZ DIRECTOR 5.00 2.00 X 0 0 0 ANN HENDERSON DIRECTOR 5.00 2.00 X 0 0 0 NIKKI MERKERSON DIRECTOR 5.00 2.00 X 0 0 0 ANTHONY P NELSON DIRECTOR 5.00 2.00 X 0 0 0 WILLIAM OFENLOCH DIRECTOR 5.00 2.00 X 0 0 0 WALTER M ROBERTS EXEC. DIR. 40.00 10.00 X 127644 0 5835 ANDREA QUETELL CFO 40.00 10.00 X 99351 0 5835 226995 0 11670 1 0 0 0 0 10800 2081303 64662 2156765 RENTAL INCOME 900002 2021753 2021753 JANITORIAL FEES 561499 1575973 1575973 MANAGEMENT AND SOCIAL 561499 1497166 1497166 DEVELOPER FEES 561499 97493 97493 PARTNERSHIP MANAGEMENT 561499 72078 72078 4896 4896 5269359 19812 19812 87100 10800 57104 29996 29996 MISCELLANEOUS 900099 116620 116620 116620 7592552 5269359 0 166428 241283 41331 199952 3753016 3130565 477291 145160 1098522 856847 167703 73972 299572 233666 44936 20970 62881 62881 37642 37642 273459 187346 86113 276636 235775 40546 315 157729 123029 34700 2137176 1713014 422307 1855 50021 39016 11005 67904 57904 7400 2600 BAD DEBT 1982705 1982705 36099 21275 13884 940 10474645 6639768 3589065 245812 2165617 1803102 626497 1512921 1146225 2254343 210256 44540 128956 1976218 1314978 652809 661240 32111 30858 241296 559395 6903637 5166529 643982 1003418 201086 250000 83319 2523779 727301 3978283 X 6176336 1188246 6176336 1188246 6903637 5166529 X -2882093 -2105997 X X 0 1 X 1 0 X 160239 1818601 2077642 1942372 2156765 8155619 3632083 3431122 3460790 5269359 15793354 160239 5450684 5508764 5403162 7426124 23948973 0 0 0 23948973 18527 17315 17975 17289 19812 90918 18527 17315 17975 17289 19812 90918 29996 29996 116620 116620 178766 5467999 5526739 5420451 7592552 24186507 0.99020 0.99600 0.00380 0.00400 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15500 15500 151813 151813 0 176386 72250 104136 1632519 1090915 541604 661240 ACCRUED INTEREST RECEIVABLE 154069 DUE FROM AFFILIATES 405326 559395 DEFERRED RENT PAYABLE 2121808 SECURITY DEPOSITS 401971 2523779 X 11035192 3442640 3442640 7592552 0 7592552 13688405 3213760 3213760 10474645 0 10474645 PART X, LINE 2: THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2013 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES ALLOCATED TO HOUSING DEVELOPMENT FUND CORPORATIONS 3,385,536. DIRECT COST OF SPECIAL EVENTS 57,104. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ALLOCATED TO HOUSING DEVELOPMENT FUND CORPORATIONS 3,156,656. DIRECT COST OF SPECIAL EVENTS 57,104. AWARD DINNER 97900 10800 87100 16092 41012 97900 10800 87100 16092 41012 57104 29996 FORM 990, PART VI, SECTION A, LINE 5 IN OR ABOUT FEBRUARY 2016, HOPE COMMUNITY, INC. ("HOPE") BECAME AWARE THAT DURING THE PERIOD JUNE 2014 TO FEBRUARY 2016, ITS FORMER HUMAN RESOURCES MANAGER HAD BEEN MANIPULATING HOPE'S PAYROLL SYSTEM BY CREATING FALSE OVERTIME AND VACATION PAY ATTRIBUTED TO VARIOUS EMPLOYEES BUT DIVERTED INTO ACCOUNTS SHE CONTROLLED. SHE WAS SUBSEQUENTLY TERMINATED BY HOPE, INDICTED BY THE NEW YORK STATE ATTORNEY GENERAL'S OFFICE, PLED GUILTY TO THEFT OF $424,694 AND SENTENCED. UPON BECOMING AWARE OF THE DIVERSION OF FUNDS, HOPE RETAINED AN INDEPENDENT ACCOUNTING FIRM TO CONDUCT A FORENSIC AUDIT.IN ADDITION TO TERMINATING THE EMPLOYEE, HOPE TERMINATED THE PROFESSIONAL EMPLOYER ORGANIZATION THAT HANDLED ITS PAYROLL ACCOUNTS. HOPE ALSO FILED A CLAIM WITH ITS EMPLOYEE THEFT INSURANCE POLICY CARRIER AND ANTICIPATES THAT MOST OR ALL OF THE DIVERTED FUNDS WILL BE RECOVERED UNDER THE POLICY. FORM 990, PART VI, SECTION B, LINE 11 THE COMPLETED FORM 990 WAS SUBMITTED TO ALL BOARD MEMBERS VIA U.S. MAIL OR ELECTRONIC MAIL. PRIOR TO SUBMISSION TO THE IRS, THE 990 WAS APPROVED BY THE PRESIDENT OF THE BOARD OF DIRECTORS. ANY QUESTIONS OR CONCERNS RAISED BY THE BOARD OF DIRECTORS ARE ADDRESSED TO THE CHIEF FINANCIAL OFFICER OR 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 MANAGEMENT. MEMBERS WITH CONFLICTS ARE REQUIRED TO RECUSE THEMSELVES FROM DELIBERATION AND VOTING ON CONFLICTED ISSUES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEW AND APPROVE ALL COMPENSATION FOR THE EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER.THIS WAS LAST PERFORMED IN NOVEMBER 2015. 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 XI, LINE 9: RESTATEMENT OF PRIOR YEAR FINANCIAL STATEMENT -1,754,771. LOSS DUE TO DEFALCATION -351,226. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PAGE ONE, BOX B: THE 2015 FORM 990 WAS AMENDED DUE TO THE COMPLETION OF THE FINANCIAL STATEMENTS. THE SECTIONS THAT WERE CHANGED WERE THE FOLLOWING: FORM 990 PARTS III, IV, VIII, IX, X, XI, XII, SCHEDULES A, D, G, AND R. 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