Nonprofit · EIN 20-1683627
HOPE PARTNERSHIP INC
Tax-exempt · MADISON, CT 06443
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $833,624 | $758,049 | $75,575 | $8,791,106 | $1,423,024 | $7,368,082 |
| June 30, 2024 | 990 | $737,509 | $754,016 | -$16,507 | $8,767,633 | $1,475,126 | $7,292,507 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $97,138
- of which government grants
- $1,000
- Program service revenue
- $728,218
- Investment income
- $6,731
- Net income from fundraising events
- -$1,956
- Other revenue
- $1,537
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $76,131
- Salaries, compensation and benefits (total)
- $82,148
- Professional fundraising fees
- $0
- Legal fees
- $2,315
- Accounting fees
- $23,581
- Occupancy
- $20,398
- Depreciation
- $255,111
- Program services (functional)
- $685,454
- Management and general (functional)
- $66,077
- Fundraising (functional)
- $6,518
Balance sheet and other
- Total assets, start of year
- $8,767,633
- Total assets, end of year
- $8,791,106
- Total liabilities, end of year
- $1,423,024
- Net assets, end of year
- $7,368,082
- Land, buildings and equipment
- $7,797,887
- Net assets without donor restrictions
- -$370,117
- Net assets with donor restrictions
- $7,738,199
- Gross receipts
- $836,080
- Employees
- 1
- Volunteers
- 25
- Year formed
- 2004
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARLA LINDQUIST | Executive Dir. Officer | 30 | $77,447 |
| AVE CHIAT | Director Trustee or director | 1 | $0 |
| STEPHEN DOWLER | Treasurer Trustee or director | 3 | $0 |
| ANN FAUST | Director Trustee or director, Officer | 1 | $0 |
| LESLIE MCKILLIP | Secretary Trustee or director, Officer | 2 | $0 |
| LARRY FREUNDLICH | Director Trustee or director | 1 | $0 |
| KEVIN LOOBY | Director Trustee or director | 1 | $0 |
| BEEBE MILLER | Director Trustee or director | 1 | $0 |
| LISA MCNULTY | Director Trustee or director | 1 | $0 |
| BILL NEALE | Director Trustee or director | 1 | $0 |
| RICHARD SCHOLNICK | Director Trustee or director | 1 | $0 |
| TOM ORTOLEVA | Director Trustee or director | 1 | $0 |
| LON SEIDMAN | Director Trustee or director | 1 | $0 |
| MARYELLEN SHUCKEROW | Director Trustee or director | 1 | $0 |
| RENEE PALLENBERG | President Trustee or director, Officer | 3 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AARON ORENSTEIN | Director Trustee or director | 2 | $0 |
| DAVID CARSWELL | Vice President Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARLA LINDQUIST | Executive Dir. Officer | 30 | $75,005 |
| DG FITTON | Director Trustee or director | 1 | $0 |
| STEPHEN DOWLER | Treasurer Trustee or director | 3 | $0 |
| JOHN O'GRADY | Director Trustee or director, Officer | 1 | $0 |
| ELIZABETH BALLARD | Secretary Trustee or director, Officer | 2 | $0 |
| LARRY FREUNDLICH | Director Trustee or director | 1 | $0 |
| LESLIE MCKILLIP | Director Trustee or director | 1 | $0 |
| BEEBE MILLER | Director Trustee or director | 1 | $0 |
| RENEE PALLENBERG | Director Trustee or director | 1 | $0 |
| BILL NEALE | Director Trustee or director | 1 | $0 |
| RICHARD SCHOLNICK | Director Trustee or director | 1 | $0 |
| TOM ORTOLEVA | Director Trustee or director | 1 | $0 |
| LON SEIDMAN | Director Trustee or director | 1 | $0 |
| MARYELLEN SHUCKEROW | Director Trustee or director | 1 | $0 |
| TONY LYONS | President Trustee or director, Officer | 3 | $0 |
| DAVID CARSWELL | Director Trustee or director | 2 | $0 |
| PAMELA DAYS-LUKETICH | Vice President Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 99B DURHAM RD, MADISON, CT 06443-2629
- Principal officer (990 for 2024)
- RENEE PALLENBERG, 99B DURHAM ROAD, MADISON, CT 06443
- Signed the 990
- STEPHEN DOWLER, Treasurer
- Phone
- (860) 388-9513
- Website
- www.hope-ct.org
- Return prepared by
- WollackLewitz LLC
Mission
HOPE PARTNERSHIP'S MISSION IS TO CREATE A CONTINUUM OF AFFORDABLE HOUSING OPTIONS IN LOWER MIDDLESEX COUNTY, OLD LYME AND SURROUNDING TOWNS IN ORDER TO HELP ENSURE A VIBRANT ECONOMY AND HOUSING CHOICES FOR ALL CITIZENS THROUGH THE COLLABORATIVE EFFORTS OF GOVERNMENTS, BUSINESSES, RELIGIOUS COMMUNITIES, CIVIC ORGANIZATIONS, AND INDIVIDUALS.
Program accomplishments
- IN ADDITION TO MAINTAINING AFFORDABLE HOUSING FOR 33 LOW-TO-MODERATE INCOME HOUSEHOLDS IN ESSEX AND OLD SAYBROOK, HOPE WORKED WITH OUR CO-DEVELOPERS ON 27 NEW UNITS OF HOUSING, 24 OF WHICH ARE AFFORDABLE, FOR A TOTAL OF 31 UNITS AT THIS CO-OWNED SITE. HOPE ALSO WORKED ON PRE-DEVELOPMENT, WITH A CO-DEVELOPER, TO REDEVELOP A HISTORIC SCHOOL IN CLINTON, THE PIERSON SCHOOL, INTO 50 SENIOR-PREFERENCE AFFORDABLE HOUSING UNITS. HOPE'S EFFORTS INCLUDED ADVOCATING FOR AFFORDABLE HOUSING IN THE COMMUNITIES THEY SERVE AS A WAY TO EDUCATE THE PUBLIC ON THE NEED WITH PRESENTATIONS TO COMMUNITY, BUSINESS, AND RELIGOUS ORGANIZATIONS. HOPE HAS MET WITH OR PRESENTED TO SEVERAL ELECTED OFFICIALS AND BOARDS/COMMITTEES IN OUR REGION.Expenses $685,454
What it must file and when
IRS records say it files Not required. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1683627
- 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
- 2006
- Accounting year ends
- June
- Files
- Not required
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $8,791,106
- Income (IRS master file)
- $836,080
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $833,624 | $758,049 | $8,791,106 | XML |
| 990 | June 2024 | $737,509 | $754,016 | $8,767,633 | IRS |
| 990 | June 2023 | $564,918 | $739,698 | $8,867,086 | IRS |
| 990 | June 2022 | $607,977 | $718,178 | $9,811,722 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | June 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 HOPE PARTNERSHIP INC
- What is the EIN of HOPE PARTNERSHIP INC?
- The employer identification number (EIN) of HOPE PARTNERSHIP INC is 20-1683627.
- Is HOPE PARTNERSHIP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to HOPE PARTNERSHIP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE PARTNERSHIP INC file?
- Form Not required.
- When is the next return of HOPE PARTNERSHIP INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOPE PARTNERSHIP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HOPE PARTNERSHIP INC?
- The 990 for the year ended June 30, 2025 names RENEE PALLENBERG.
- Who are the officers and directors of HOPE PARTNERSHIP INC?
- The 990 for the year ended June 30, 2025 lists 17 people; 1 received compensation from the organization, the highest $77,447 (KARLA LINDQUIST, Executive Dir.).
- How much revenue does HOPE PARTNERSHIP INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $833,624, expenses of $758,049 and total assets of $8,791,106 at year end.
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