Hope Now Foundation
- Assets
- $96.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/2018
- Data as of
- 12/2019
- EIN
- 83-0621849
Organization Overview
Hope Now Foundation is located in Washington, DC. The organization was established in 2018. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Now Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
HOPE NOW 2019 HOUSING CONFERENCES- IMPACTS FROM NATURAL DISASTERSDISASTER RECOVERY IS A LONG-TERM COMMITMENT TO STRUGGLING FAMILIES AND COMMUNITIES. SOME IMPACTED REGIONS WILL TAKE YEARS TO RECOVER AFTER A HURRICANE OR WILDFIRE. FAMILIES WILL LOOK TO FINANCIAL INSTITUTIONS FOR CONTINUED SUPPORT AND GUIDANCE. IT HAS BEEN WIDELY REPORTED THAT MOST AMERICANS ONLY HAVE $400 IN SAVINGS. IT'S REASONABLE TO ASSUME THAT EXTRA SUPPORT WILL BE NEEDED TO MAINTAIN HOME PRESERVATION. THIS IS A KEY ROLE FOR MORTGAGE SERVICING AND THEIR COUNTERPARTS. COMMUNITY STABILITY AND HOME PRESERVATION IS THE ALIGNED GOAL FOR ALL STAKEHOLDERS. MORTGAGE SERVICING CAN BE AN UNDERAPPRECIATED MODEL THAT IS UNIQUELY POSITIONED TO BE RESPONSIVE AND HELPFUL. HOPE NOW'S MISSION IS FOCUSED ON HOME PRESERVATION WHEN LOCAL CONDITIONS ARE OUT OF THE BORROWER'S CONTROL, INCLUDING NATURAL DISASTERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward J Demarco Director | 1 | $0 | |
Sylvia Alvarez Director | 1 | $0 | |
Scott Norman Director | 1 | $0 | |
George Forsberg Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,000 |
| Total Program Service Revenue | $2,845 |
| Membership dues | $0 |
| Investment income | $259 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $124,104 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $34,403 |
| Professional fees and other payments to independent contractors | $11,452 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $94 |
| Other expenses | $29,495 |
| Total expenses | $75,444 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $96,135 |
| Other assets | $0 |
| Total assets | $96,135 |
| Total liabilities | $47,475 |
| Net assets or fund balances | $48,660 |