Hope Avenue Twin Cities
- Assets
- $17.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2023
- EIN
- 87-3332604
Organization Overview
Hope Avenue Twin Cities is located in Minneapolis, MN. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, 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 Avenue Twin Cities 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 12/2023, Hope Avenue Twin Cities generated $200.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 47.1% each year . All expenses for the organization totaled $261.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THE HOPE AVENUE TWIN CITIES IS TO PROVIDE FOOD AND SHELTER FOR HOMELESS MEN AND WOMEN IN HENNEPIN COUNTY. GUESTS ARE ALSO PROVIDED A SHOWER, CLEAN CLOTHING AND OTHER SUPPORT AND MINISTERIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Hanson Executive Di | 25 | $31,910 | |
Stephen Murck Board Chair | 15 | $0 | |
Latonya Whitley Treasurer | 15 | $4,019 | |
Marcell Garretson Board Member | 15 | $0 | |
Kale Johnson Board Member | 15 | $22,500 | |
Jay Cope Board Member | 15 | $27,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,977 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,022 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $199,999 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $165,368 |
| Professional fees and other payments to independent contractors | $1,978 |
| Occupancy, rent, utilities, and maintenance | $50,500 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $43,721 |
| Total expenses | $261,567 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,723 |
| Other assets | $0 |
| Total assets | $17,483 |
| Total liabilities | $27,500 |
| Net assets or fund balances | -$10,017 |