Hope United Community Development Corporation is located in Minneapolis, MN. The organization was established in 2004. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope United Community Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Hope United Community Development Corporation generated $287.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $220.7k during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A CATALYST OF HOPE CONNECTING PEOPLE, ORGANIZATIONS, AND RESOURCES TO TRANSFORM LIVES AND COMMUNITIES FOR GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2022 PROGRAM HIGHLIGHTS 1. EDUCATION A. WE SUPPORTED THE CREATION OF A VOLUNTEER COMPASSION AND CARE TEAM THAT PROVIDED FREE BREAKFAST EVENTS FOR THE SCHOOL'S ENTIRE STAFF. THE COMPASSION AND CARE TEAM ALSO PROVIDED OTHER RESOURCES TO ENCOURAGE AND REWARD THE TEACHING FACULTY. B. WE PROVIDED CLOTHING, FOOD, AND PERSONAL CARE PRODUCTS TO STUDENTS AND FAMILIES AT THE FALL AND WINTER HOLIDAY SEASONS. C. WE DONATED OVER 700 BOOKS AND $1,500 TO SUPPORT SCHOOL'S LITERACY PROGRAM. D. WE ORGANIZED AND CONDUCTED THE SECOND ANNUAL "HARVEST A NEW NORTH" OUTDOOR FESTIVAL WITH 50 VOLUNTEERS FROM LOCAL AND REGIONAL NONPROFITS, CHURCHES, AND BUSINESSES TO CELEBRATE POSITIVE COMMUNITY VALUES AND PROMOTE SAFETY AND PEACE. WE PROVIDED 500 FREE MEALS . WE DISTRIBUTED 600 BACKPACKS LOADED WITH SCHOOL SUPPLIES AND EQUIPMENT. E. WE CONDUCTED TEN YOUTH DEVELOPMENT WORKSHOPS THROUGH OUR AFRICAN AMERICAN MALE ALLIANCE F. WE CONSULTED WITH THE FRANKLIN MIDDLE SCHOOL PRINCIPAL TO ENHANCE PROFESSIONAL DEVELOPMENT OF SCHOOL LEADERSHIP 2. INCREASING POSITIVE COMMUNITY ENGAGEMENT A. WE CONDUCTED TWELVE BRIDGE OF RECONCILIATION CONFERENCES VIA ZOOM REACHING 224 DISTINCT AND ETHNICALLY DIVERSE CONSTITUENTS INCLUDING PASTORS, GOVERNMENT OFFICIALS, NONPROFIT LEADERS, PROFESSIONAL SERVICE PROVIDERS, RESIDENTS, EDUCATORS, AND BUSINESS LEADERS. B. WE SUPPORTED THE MINNESOTA COUNCIL OF CHURCHES AS OUR EXECUTIVE DIRECTOR SERVED AS A MEMBER OF THE BOARD OF DIRECTORS. C. WE REMAIN ENGAGED WITH THE MINNESOTA MULTIFIATH NETWORK, HIS WORKS UNITED, TRANSFORM MN, THE MINNESOTA COUNCIL OF CHURCHES, THE MINNESOTA NATIONAL DAY OF PRAYER COMMITTEE AND OTHER INTERFAITH AND MULTI-CULTURAL NETWORKING MOVEMENTS ADVANCING PEACE. D. WE PROVIDED FISCAL AGENCY FOR THE 21 DAYS OF PEACE COMMUNITY ENGAGEMENT MOVEMENT. E. WE SUSTAINED OUR ADVISORY ROLE WITH THE ONE FUND. F. WE SERVED AS FISCAL AGENT FOR PROFESSIONALS PROVIDING TRAUMA RELIEF SERVICES. G. THROUGH "HARVEST A NEW NORTH", WE MOBILIZED MORE THAN FORTY VOLUNTEERS AND PROVIDED OPPORTUNITIES FOR 25 SERVICE PROVIDERS IN THE AREAS OF HEALTH, HOUSING, FINANCE, EMPLOYMENT, EDUCATION, PUBLIC SAFETY, AND FAITH TO SERVE MORE THAN FIVE HUNDRED INDIVIDUALS. WE ALSO PROVIDED 900 FREE MEALS INCLUDING HALAL PROVISIONS, DISTRIBUTED 600 BACKPACKS LOADED WITH SCHOOL SUPPLIES AND EQUIPMENT WITHIN A SAFE ENVIRONMENT FILED WITH RECREATION, MUSIC, DANCE, AND OTHER FAMILY-FRIENDLY ART FORMS. 3. INCREASING ECONOMIC OPPORTUNITY A. WE CONTINUED DEVELOPING A FAITH-BASED JOBS AND CAREER PROGRAM ENTITLED CONNECT TO SUCCESS. B. WE FORMED A HOPE UNITED COMMUNITY DEVELOPMENT STRATEGY THAT IS BASED ON INVESTING IN A LOCAL, SOCIALLY CONSCIOUS BLACK-OWNED BUSINESS WHICH WILL PROVIDE WORKERS FAMILY SUPPORTIVE WAGES AND WILL INVEST IN COMMUNITY DEVELOPMENT THROUGH CHARITABLE GIVING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rev Richard Coleman Executive Director | Officer | 20 | $30,000 |
Cheryl Anderson Accountant | Officer | 25 | $9,573 |
Lee Parker Board Member | Trustee | 1 | $0 |
Rita Tolbert Board Member | Trustee | 1 | $0 |
Royce Pavelak Board Treasurer | OfficerTrustee | 1 | $0 |
Roger Corbin Board Secretary | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $88,761 |
All other contributions, gifts, grants, and similar amounts not included above | $198,894 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $287,655 |
Total Program Service Revenue | $0 |
Investment income | $101 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $287,756 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $12,750 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $36,165 |
Compensation of current officers, directors, key employees. | $13,428 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $10,989 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $81,341 |
Advertising and promotion | $35 |
Office expenses | $68,812 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $6,000 |
Travel | $19 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $347 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $3,766 |
All other expenses | $459 |
Total functional expenses | $220,683 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $148,017 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $1,212 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $149,229 |
Accounts payable and accrued expenses | $10,293 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $10,293 |
Net assets without donor restrictions | $138,936 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $149,229 |