2025-11-13T08:16:03-06:00 2024-12-31 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2024-01-01 264468628 COMMUNITIES OF HOPE INC COMM 8106299500 120 NORTH LEROY STREET FENTON MI 48430 JASON OSTRANDER TREASURER 8106299500 2025-11-12 1 1 AMBER RATHBUN CPA P01786612 5173237500 2025-11-12 2024 2025-03-06 01:10:19Z JASON OSTRANDER 120 NORTH LEROY STREET FENTON MI 48430 9405241 0 X HTTPS://COMMUNITIESOFHOPE.COM/ X 2009 MI TO ASSIST LOW-INCOME INDIVIDUALS IN OBTAINING BASIC NEEDS AND SERVICES WITH AFFORDABLE HOUSING. 11 11 0 11 0 0 0 1500 626043 160411 49151 9243330 0 0 675194 9405241 0 0 0 0 0 0 0 0 0 396069 698230 396069 698230 279125 8707011 10621158 10768979 450644 623306 10170514 10145673 TO ASSIST LOW-INCOME INDIVIDUALS IN OBTAINING BASIC NEEDS AND SERVICES IN AN AFFORDABLE HOUSING ENVIRONMENT. 0 0 685547 9213337 OPERATED TWELVE RESIDENTIAL HOUSING COMPLEXES FOR LOW-INCOME TENANTS. 685547 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MI X JASON OSTRANDER 8106299500 120 NORTH LEROY STREET FENTON MI 48430 X CYNDI STEMPIEN DIRECTOR 0.20 X 0 0 0 RYAN BEALE DIRECTOR 0.20 X 0 0 0 DENISE BEALE DIRECTOR 0.20 X 0 0 0 NICHOLE MATTISON DIRECTOR 0.20 X 0 0 0 DONNA HARRIS DIRECTOR 0.20 X 0 0 0 JOHNNIE BOONE DIRECTOR 0.20 X 0 0 0 DR LATASHA PATMAN DIRECTOR 0.20 X 0 0 0 MARGARET GREEN SECRETARY 0.20 X X 0 0 0 JASON OSTRANDER TREASURER 0.20 X X 0 0 0 ROBERT BEALE CHAIR 20.00 X X 0 0 0 RICK FULGENZI EXECUTIVE DIRECTOR 20.00 X X 0 0 0 0 0 0 0 0 0 0 0 1500 1500 DEVELOPER FEE REVENUE 531390 160411 160411 160411 190404 190404 9052926 0 9052926 9052926 9052926 9405241 9213337 0 190404 4207 4207 6026 6026 2320 2320 2301 2171 130 4281 4281 4057 4057 LOSS ON PROGRAM RELATED 675038 675038 698230 685547 12683 0 155923 773256 366002 404317 246643 10099233 9344763 10621158 10768979 450644 623306 450644 623306 X 10170514 10145673 10170514 10145673 10621158 10768979 X 8707011 -8731852 X 0 1 X 1 0 X 196 11463 46 1500 13205 880392 1864567 3087 626043 160411 3534500 880588 1876030 3133 626043 161911 3547705 0 0 0 3547705 46581 49151 190404 286136 46581 49151 190404 286136 880588 1876030 49714 675194 352315 3833841 0.92540 0.97270 0.07460 0.02730 X 0 NET CAPITAL INVESTMENT - AFFILIATED PARTNERSHIPS 562444 SELLER NOTES RECEIVABLE 7503044 DEVELOPER FEES RECEIVABLE 1279275 9344763 NOTE PAYABLE TO ROCKET FOUNDATION 158522 NOTE PAYABLE - NEW HOPE CONSTRUCTION 213948 NOTE PAYABLE - WBE I 125418 NOTE PAYABLE - WBE II 125418 623306 X 122543 124192 124192 -1649 9406890 9406890 9405241 147384 124192 124192 23192 675038 675038 698230 PART X, LINE 2: IN THE PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE, AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE, AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: REALIZED GAIN ON AFFILIATED PARTNERSHIPS 9,052,926. LOSS ON AFFILIATED PARTNERSHIPS MOVED FROM REVENUE TO EXPENSES 353,964. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON AFFILIATED PARTNERSHIPS MOVED FROM REVENUE TO EXPENSES 353,964. ADDITIONAL LOSS ON AFFILIATED PARTNERSHIPS PER 990 321,074. PREMIER PROPERTY MANAGEMENT PREMIER PROPERTY MANAGEMENT IS WHOLLY OWNED BY ROBERT BEALE, BOARD CHAIR 246643 AS OF DECEMBER 31, 2024, COMMUNITIES OF HOPE, INC. PAID $246,643 TO PREMIER PROPERTY MANAGEMENT FOR FUTURE EXPENSES INCURRED BY COMMUNITIES OF HOPE, INC. 0 FORM 990, PART VI, SECTION A, LINE 2 RYAN BEALE (DIRECTOR) IS THE SON OF DENISE BEALE (DIRECTOR) AND ROBERT BEALE (CHAIR). FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS THE AUDITED FINANCIAL STATEMENTS, WHICH ARE USED TO COMPLETE THE FORM 990. THE FORM 990 IS COMPLETED AFTER ANY QUESTIONS CONCERNING THE AUDIT ARE COMPLETED AND COPIES OF THE FORM 990 ARE DISTRIBUTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO POSTED ANNUALLY ON GUIDESTAR'S WEBSITE. FORM 990, PART XI, LINE 9: LOSS ON AFFILIATED PARTNERSHIPS 321,074. REALIZED GAIN ON SALE OF AFFILIATED PARTNERSHIPS -9,052,926. MANCHESTER PLACE LDHA LP 120 NORTH LEROY STREET FENTON MI 48430 431644484 RESIDENTIAL REAL ESTATE MI COMMUNITIES OF HOPE INC RELATED 6522307 0 0 0.99000 MANCHESTER PLACE II LDHA LP 120 NORTH LEROY STREET FENTON MI 48430 431805025 RESIDENTIAL REAL ESTATE MI COMMUNITIES OF HOPE INC RELATED 1821211 0 0 0.97210 HAMTRAMCK SQUARE I LDHA LP 120 NORTH LEROY STREET FENTON MI 48430 202581677 RESIDENTIAL REAL ESTATE MI COMMUNITIES OF HOPE INC RELATED -16 325726 0 1 0.00010 HAMTRAMCK SQUARE II LIMITED DIVIDEND 120 NORTH LEROY STREET FENTON MI 48430 202581930 RESIDENTIAL REAL ESTATE MI COMMUNITIES OF HOPE INC RELATED -24 201767 0 1 0.00010 HILLCREST COMMONS LIMITED PARTNERSHIP 120 NORTH LEROY STREET FENTON MI 48430 200433943 RESIDENTIAL REAL ESTATE MI COMMUNITIES OF HOPE INC RELATED -42 48936 0 1 0.00010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0