Hellinghausen Hope Inc
- Assets
- $3.5m
- Revenue
- $759.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Midland, TX
- Founding
- 02/2002
- Data as of
- 09/2021
- EIN
- 75-2950009
Organization Overview
Hellinghausen Hope Inc is located in Midland, TX. The organization was established in 2002. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Hellinghausen Hope Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hellinghausen Hope Inc 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 09/2021, Hellinghausen Hope Inc generated $759.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $384.7k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THIS IS A NON-PROFIT CORP. CREATED PURSUANT TO THE PROVISIONS OF THE TEXAS NON-PROFIT CORP. ACT FOR THE PUSPOSE OF ACTING AS AN INSTRUMENTALITY OF THE MIDLAND COUNTY HOUSING AUTHORITY TO PROMOTE AND DEVELOP DECENT AND AFFORDABLE HOUSING WITHIN MIDLAND COUNTY FOR INDIVIDUALS DEEMED APPROPRIATE TO RECEIVE SUCH SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE 672 UNIT MONTHS OF AFFORDABLE HOUSING FOR RESIDENCE OF MIDLAND COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Dial Vice Chair | OfficerTrustee | 1 | $16,254 |
Jennette Castaneda Secretary-Executive Director | OfficerTrustee | 15 | $0 |
Carol Fulfer Chair | OfficerTrustee | 1 | $0 |
Alan Arron Board Member | Trustee | 1 | $0 |
Rachel Stone Board Member | Trustee | 1 | $0 |
Zoe Reyes Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,547 |
| Total Program Service Revenue | $344,549 |
| Investment income | $103,603 |
| 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 | $759,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $14,977 |
| Compensation of current officers, directors, key employees. | $14,977 |
| Compensation to disqualified persons | $90,091 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,500 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,649 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $189,558 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,838 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,779 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $384,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,128,993 |
| Savings and temporary cash investments | $538,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,257,012 |
| 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 | $618,216 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $3,544,615 |
| Accounts payable and accrued expenses | $0 |
| 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 | $181,510 |
| Total liabilities | $181,510 |
| Net assets without donor restrictions | $3,363,105 |
| 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 | $3,544,615 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hellinghausen Hope Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Abell-Hanger Foundation Midland, TX PURPOSE: FOR THE 2021-2022 EMERGENCY/UTILITY BILL ASSISTANCE PROGRAM | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alamo Area Mutual Housing Association Inc San Antonio, TX | $51,706,215 | $15,020,368 |
Community Development Corporation Of Brownsville Inc Brownsville, TX | $63,084,439 | $14,190,282 |
Merced Housing Texas San Antonio, TX | $50,611,683 | $9,858,961 |
Trinity Affordable Housing Corporation Austin, TX | $27,521,509 | $8,167,693 |
Assisting Texas With Housing Inc Austin, TX | $21,990,420 | $4,581,783 |
Dallas Neighborhood Alliance For Habitat Dallas, TX | $1,401,689 | $4,975,573 |
Tierra Del Sol Housing Corporation Las Cruces, NM | $16,041,382 | $6,574,879 |
Louisiana Housing Assistance Corporation Alexandria, LA | $350,109 | $3,738,733 |
Affordable Community Housing Trust Edmond, OK | $6,149,448 | $2,689,134 |
Lago De Plata Inc Dallas, TX | $0 | $4,971,984 |
St Jude Inc Dallas, TX | $20,844,887 | $6,967,988 |
St Martin De Porres Inc Dallas, TX | $5,546,092 | $2,713,631 |