Hope Network Non Profit Housing Corporation
- Assets
- $1.0m
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 16
- Location
- Grand Rapids, MI
- Founding
- 06/2019
- Data as of
- 09/2021
- EIN
- 82-5308910
Organization Overview
Hope Network Non Profit Housing Corporation is located in Grand Rapids, MI. The organization was established in 2019. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Hope Network Non Profit Housing Corporation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Network Non Profit Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IN CHRISTIAN SERVICE, HOPE NETWORK EMPOWERS PEOPLE TO OVERCOME CHALLENGES TO ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE NETWORK NONPROFIT HOUSING CORPORATION OWNS AND OPERATES LOW INCOME HOUSING IN SOUTHWEST MICHIGAN. HOPE NETWORK NONPROFIT HOUSING COPORATION SERVES AS A HOLDING ENTITY FOR PROPERTIES PRIMARILY FUNDED BY GOVERNMENT ENTITIES SUCH AS HOUSING AND URBAN DEVELOPMENT (HUD) AND MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MSHDA). HOUSING IS AVAILABLE TO TENANTS ON THE BASIS OF THEIR INCOME RELATIVE TO AREA MEDIAN INCOME. HOPE NETWORK NONPROFIT HOUSING CORPORATION PROVIDES AFFORDABLE HOUSING TO INDIVIDUALS EXPERIENCING PHYSICAL AND EMOTIONAL DISABILITIES.
HOPE NETWORK NONPROFIT HOUSING CORPORATION OWNS AND OPERATES LOW INCOME HOUSING IN SOUTHWEST MICHIGAN. HOPE NETWORK NONPROFIT HOUSING COPORATION SERVES AS A HOLDING ENTITY FOR PROPERTIES PRIMARILY FUNDED BY GOVERNMENT ENTITIES SUCH AS HOUSING AND URBAN DEVELOPMENT (HUD) AND MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MSHDA). HOUSING IS AVAILABLE TO TENANTS ON THE BASIS OF THEIR INCOME RELATIVE TO AREA MEDIAN INCOME. HOPE NETWORK NONPROFIT HOUSING CORPORATION PROVIDES AFFORDABLE HOUSING TO INDIVIDUALS EXPERIENCING PHYSICAL AND EMOTIONAL DISABILITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip W Weaver President | OfficerTrustee | 0.3 | $0 |
Timothy Becker Vice President And Secretary | OfficerTrustee | 0.3 | $0 |
Andre Pierre Treasurer | OfficerTrustee | 0.3 | $0 |
Anthony Barker Executive Director Of Housing & Community Dev. | Officer | 0.3 | $0 |
Christopher Stemler Former Secretary | 0.3 | $0 | |
Larry Jongekrijg Former Treasurer | 0.3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $536,516 |
| Pension plan accruals and contributions | $2,797 |
| Other employee benefits | $48,052 |
| Payroll taxes | $37,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $788 |
| Advertising and promotion | $0 |
| Office expenses | $6,454 |
| Information technology | $90,478 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,824 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $288,227 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $762 |
| All other expenses | $88 |
| Total functional expenses | $1,017,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $945,116 |
| Pledges and grants receivable | $0 |
| 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 | $64,322 |
| Total assets | $1,009,438 |
| Accounts payable and accrued expenses | $43,947 |
| 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 | $2,842,927 |
| Total liabilities | $2,886,874 |
| Net assets without donor restrictions | $0 |
| 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 | -$1,877,436 |
| Total liabilities and net assets/fund balances | $1,009,438 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Csi Support And Development Services Warren, MI | $96,275,686 | $9,083,867 |
Bhi Retirement Communities Inc Indianapolis, IN | $75,104,516 | $7,467,607 |
Linc Up Nonprofit Housing Corporation Grand Rapids, MI | $10,740,022 | $1,506,390 |
Ecoworks Detroit, MI | $1,467,952 | $1,984,326 |
St Clare Management Inc Milwaukee, WI | $646,064 | $1,339,320 |
Hope Network Non Profit Housing Corporation Grand Rapids, MI | $1,009,438 | $0 |
Catholic Charities Housing Corporation Cleveland, OH | $7,360,885 | -$1,393,228 |
Elmdale Apartments Nonprofit Housing Corporation Grand Rapids, MI | $343,640 | $152,127 |
Sustainability Institute Of Detroit Detroit, MI | $301,928 | $6,355 |
Affordable Housing Services Corporation Fishers, IN | $1,155,325 | $22,073 |
Hocking Housing Management Inc Logan, OH | $158,629 | $11 |