Nonprofit · EIN 06-1269812
H O P E INC
Tax-exempt · NEW LONDON, CT 06320
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $717,226 | $252,040 | $465,186 | $3,246,712 | $20,858 | $3,225,854 |
| December 31, 2024 | 990 | $752,128 | $230,776 | $521,352 | $2,782,823 | $22,155 | $2,760,668 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $837,288
- of which government grants
- $64,589
- Program service revenue
- $91,142
- Investment income
- $11,940
- Net income from sales of inventory
- -$224,092
- Other revenue
- -$223,144
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $80,250
- Salaries, compensation and benefits (total)
- $102,114
- Professional fundraising fees
- $0
- Accounting fees
- $5,747
- Occupancy
- $13,791
- Depreciation
- $57,480
- Program services (functional)
- $184,561
- Management and general (functional)
- $34,518
- Fundraising (functional)
- $32,961
Balance sheet and other
- Total assets, start of year
- $2,782,823
- Total assets, end of year
- $3,246,712
- Total liabilities, end of year
- $20,858
- Net assets, end of year
- $3,225,854
- Land, buildings and equipment
- $1,357,724
- Net assets without donor restrictions
- $2,725,945
- Net assets with donor restrictions
- $499,909
- Gross receipts
- $1,141,318
- Employees
- 1
- Volunteers
- 3
- Year formed
- 1989
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stacey Smith | Executive Dir. Officer | 35 | $80,250 |
| Peter Springsteel | Chairman Trustee or director, Officer | 4 | $0 |
| Chris Johnson | Vice Chair Trustee or director, Officer | 0.5 | $0 |
| Annette Finton | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Helen Behney | Director Trustee or director | 0.5 | $0 |
| Suzanne Cole | Director Trustee or director | 0.5 | $0 |
| Keith Caplet | Director Trustee or director | 0.5 | $0 |
| Richard Turner | Director Trustee or director | 0.5 | $0 |
| Ned Hammond | Director Trustee or director | 0.5 | $0 |
| Dan Brannegan | Director Trustee or director | 0.5 | $0 |
| Marilyn Graham | Director Trustee or director | 0.5 | $0 |
| Sophia Senat | Director Trustee or director | 0.5 | $0 |
| David Klein | Director Trustee or director | 0.5 | $0 |
| Beth D'Amato | Director Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stacey Smith | Executive Dir. Officer | 35 | $80,250 |
| Peter Springsteel | Chairman Trustee or director, Officer | 4 | $0 |
| Chris Johnson | Vice Chair Trustee or director, Officer | 0.5 | $0 |
| Annette Finton | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Helen Behney | Director Trustee or director | 0.5 | $0 |
| Suzanne Cole | Director Trustee or director | 0.5 | $0 |
| Keith Caplet | Director Trustee or director | 0.5 | $0 |
| Richard Turner | Director Trustee or director | 0.5 | $0 |
| Ned Hammond | Director Trustee or director | 0.5 | $0 |
| Dan Brannegan | Director Trustee or director | 0.5 | $0 |
| Marilyn Graham | Director Trustee or director | 0.5 | $0 |
| Sophia Senat | Director Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 187 WILLIAMS ST, NEW LONDON, CT 06320-5715
- Principal officer (990 for 2025)
- Stacey Smith, 187 Williams Street, New London, CT 06320
- Signed the 990
- Stacey Smith, Executive Dir.
- Phone
- (860) 447-0812
- Return prepared by
- Doherty Beals & Banks PC
Mission
H.O.P.E.'s mission is to provide homeownership opportunities to low to moderate income families. We seek to revitalize neighborhoods without gentrification.
Program accomplishments
- 1- HOPE Houses - new construction or rehabilitated homes for sale to low-income families.2- Reynard Program - Rent-to-Own Program3- Homership ClassesExpenses $184,563 · revenue $90,768
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1269812
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,246,712
- Income (IRS master file)
- $1,141,318
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $254,743 | $214,241 | $2,257,470 | IRS |
| 990 | December 2022 | -$10,039 | $209,264 | $2,226,485 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about H O P E INC
- What is the EIN of H O P E INC?
- The employer identification number (EIN) of H O P E INC is 06-1269812.
- Is H O P E INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to H O P E INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does H O P E INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of H O P E INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did H O P E INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of H O P E INC?
- The 990 for the year ended December 31, 2025 names Stacey Smith.
- Who are the officers and directors of H O P E INC?
- The 990 for the year ended December 31, 2025 lists 14 people; 1 received compensation from the organization, the highest $80,250 (Stacey Smith, Executive Dir.).
- How much revenue does H O P E INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $717,226, expenses of $252,040 and total assets of $3,246,712 at year end.
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