Nonprofit · EIN 23-2326694
HOPE PLAZA INC
Tax-exempt · PHILA, PA 19132
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,198,523 | $1,436,274 | -$237,751 | $2,206,425 | $3,254,116 | -$1,047,691 |
| December 31, 2023 | 990 | $1,136,873 | $1,275,866 | -$138,993 | $1,924,995 | $2,734,934 | -$809,939 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,198,523
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $109,566
- Salaries, compensation and benefits (total)
- $109,566
- Professional fundraising fees
- $0
- Legal fees
- $21,596
- Accounting fees
- $9,050
- Occupancy
- $655,056
- Depreciation
- $147,319
- Program services (functional)
- $1,380,896
- Management and general (functional)
- $55,378
Balance sheet and other
- Total assets, start of year
- $1,924,995
- Total assets, end of year
- $2,206,425
- Total liabilities, end of year
- $3,254,116
- Net assets, end of year
- -$1,047,691
- Land, buildings and equipment
- $2,097,366
- Net assets without donor restrictions
- -$1,047,691
- Gross receipts
- $1,198,523
- Employees
- 4
- Volunteers
- 7
- Year formed
- 1984
- State of legal domicile
- PA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Glen Spaulding | President Trustee or director, Officer | 5 | $0 | $223,587 |
| Martha Addison | Treasurer Trustee or director, Officer | 10 | $0 | $59,540 |
| Therlow Paulin II | Vice President Trustee or director, Officer | 5 | $0 | $48,555 |
| Fannita Whitt | Board Secretary Trustee or director, Officer | 2 | $0 | $31,200 |
| Carl Rivers | Board Member Trustee or director | 1 | $0 | $0 |
| William Bond | Board Member Trustee or director | 1 | $0 | $0 |
| Marc McCoy | Board Member Trustee or director | 1 | $0 | $0 |
| Larry Richardson | Board Member Trustee or director | 2 | $0 | $0 |
| Thomasina Cornish | Board Member Trustee or director | 2 | $0 | $0 |
| Jeffery Lowenthal | Board Member Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Glen Spaulding | President Trustee or director, Officer | 5 | $0 | $169,929 | $49,951 |
| Martha Addison | Treasurer Trustee or director, Officer | 10 | $0 | $57,490 | $3,750 |
| Therlow Paulin II | Vice President Trustee or director, Officer | 5 | $0 | $5,266 | $38,500 |
| Fannita Whitt | Board Secretary Trustee or director, Officer | 2 | $0 | $31,635 | $750 |
| Larry Richardson | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Jeffery Lowenthal | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Thomasina Cornish | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Carl Rivers | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| William Bond | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Marc McCoy | Board Member Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2001 W LEHIGH AVE, PHILA, PA 19132-2652
- In care of
- % MARTHA A ADDISON
- Principal officer (990 for 2024)
- Glen Spaulding Pastor, 2001 West Lehigh Avenue, Philadelphia, PA 19132
- Signed the 990
- MARTHA A ADDISON, Treasurer
- Phone
- (215) 226-7600
- Return prepared by
- Freeman & Bonnema PLLC
Mission
The organization was created to bring economic empowerment into North Philadelphia to give hope to the community in order to assist minorities and disadvantaged citizens find jobs, training, and placement in the community.
Program accomplishments
- Operation of a commercial retail center offering ground and building leases which stimulates employment, management and ownership opportunities for minority and disadvantaged residents in the area, which meets a critical need of the residents in an economically blighted section of Philadelphia.Expenses $1,380,896 · revenue $1,198,523
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 | Not 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
- 23-2326694
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J220)
- Assets (IRS master file)
- $2,206,425
- Income (IRS master file)
- $1,198,523
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,198,523 | $1,436,274 | $2,206,425 | IRS |
| 990 | December 2023 | $1,136,873 | $1,275,866 | $1,924,995 | XML |
| 990 | December 2022 | $1,078,063 | $1,230,337 | $1,724,259 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 23-2326694).
Questions about HOPE PLAZA INC
- What is the EIN of HOPE PLAZA INC?
- The employer identification number (EIN) of HOPE PLAZA INC is 23-2326694.
- Is HOPE PLAZA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to HOPE PLAZA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE PLAZA 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 HOPE PLAZA INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOPE PLAZA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOPE PLAZA INC?
- The 990 for the year ended December 31, 2024 names Glen Spaulding Pastor.
- Who are the officers and directors of HOPE PLAZA INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does HOPE PLAZA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,198,523, expenses of $1,436,274 and total assets of $2,206,425 at year end.
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