Nonprofit · EIN 23-2687223
HOPEPHL COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · PHILADELPHIA, PA 19104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $671,158 | $968,010 | -$296,852 | $11,516,742 | $16,270,398 | -$4,753,656 |
| June 30, 2024 | 990 | $692,838 | $1,355,364 | -$662,526 | $11,626,662 | $16,276,311 | -$4,649,649 |
| June 30, 2023 | 990 (amended) | $1,173,912 | $1,336,754 | -$162,842 | $18,883,160 | $22,770,285 | -$3,887,125 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $492,944
- of which government grants
- $111,347
- Program service revenue
- $164,636
- Investment income
- $10,177
- Other revenue
- $3,401
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $115,983
- Salaries, compensation and benefits (total)
- $156,553
- Professional fundraising fees
- $0
- Accounting fees
- $5,083
- Occupancy
- $34,072
- Travel
- $2,369
- Depreciation
- $525,331
- Program services (functional)
- $736,405
- Management and general (functional)
- $231,605
Balance sheet and other
- Total assets, start of year
- $11,626,662
- Total assets, end of year
- $11,516,742
- Total liabilities, end of year
- $16,270,398
- Net assets, end of year
- -$4,753,656
- Land, buildings and equipment
- $8,479,627
- Net assets without donor restrictions
- -$4,762,556
- Net assets with donor restrictions
- $8,900
- Gross receipts
- $671,158
- Employees
- 13
- Volunteers
- 7
- Year formed
- 1992
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHY DESMOND | PRESIDENT OF HOPEPHL Officer | 14.5 | $0 | $176,533 | $12,419 |
| GWENDOLYN BAILEY | VP OF PROGRAMS Highest-paid employee | 40 | $0 | $123,338 | $10,582 |
| SCOTT CANNON | VP ASSET & PROPERTY MANAGE Highest-paid employee | 24 | $0 | $108,887 | $17,645 |
| GLENN BRYANT | BOARD CHAIR Trustee or director | 3 | $0 | $0 | $0 |
| DEVON CAUDLE | SECRETARY / TREASURER Trustee or director | 2 | $0 | $0 | $0 |
| THERESA CLARK | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| NICHOLAS JAMES | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BLANCA RAMIREZ | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BRANDON WEBER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| NEVA WHITE | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHY DESMOND | PRESIDENT OF HOPEPHL Officer | 14.5 | $0 | $176,062 | $18,977 |
| SCOTT CANNON | VP ASSET & PROPERTY MANAGE Highest-paid employee | 24 | $0 | $109,404 | $29,037 |
| GWENDOLYN BAILEY | VP OF PROGRAMS Highest-paid employee | 40 | $0 | $123,484 | $5,202 |
| BERNADINE HAWES | BOARD CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| DEVON CAUDLE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| THERESA CLARK | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MARY HALL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BLANCA RAMIREZ | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BRANDON WEBER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| NEVA WHITE | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHY DESMOND | PRESIDENT OF PEC Officer | 14.5 | $168,806 | $11,844 |
| SCOTT CANNON | VP ASSET & PROPERTY MANAGEMENT Highest-paid employee | 24 | $105,191 | $14,890 |
| BERNADINE HAWES | BOARD CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| DEVON CAUDLE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| THERESA CLARK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARY HALL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BLANCA RAMIREZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRANDON WEBER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NEVA WHITE | VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 325 N 39TH ST, PHILADELPHIA, PA 19104-4656
- Principal officer (990 for 2024)
- KATHLEEN DESMOND, 325 N 39TH STREET, PHILADELPHIA, PA 19104
- Signed the 990
- KATHLEEN DESMOND, PRESIDENT
- Phone
- (215) 382-7523
- Website
- WWW.HOPEPHL.ORG
- Return prepared by
- EISNER ADVISORY GROUP LLC
Mission
HOPEPHL COMMUNITY DEVELOPMENT CORPORATION (HOPEPHL CDC) IS THE REAL ESTATE ARM OF HOPEPHL. ON ITS OWN, OR THROUGH CONTRACTUAL RELATIONSHIPS, HOPEPHL CDC ACQUIRES, SELLS, RENTS, REHABILITATES, AND MANAGES PROPERTIES IN THE WEST PHILADELPHIA COMMUNITY WHERE HOPEPHL CARRIES OUT ITS PROGRAMS.
Program accomplishments
- THIS PAST YEAR HOPEPHL CDC PARTNERED WITH MT. VERNON MANOR CDC TO BREAK GROUND ON THE THE APARTMENTS AT 40TH STREET. THIS PROJECT IS AN URBAN INFILL, AND TRANSIT-ORIENTED DEVELOPMENT. THE PROJECT CONTAINS NINE NEW CONSTRUCTION, MULTI-FAMILY RESIDENTIAL BUILDINGS LOCATED ALONG 40TH STREET BETWEEN WALLACE AND OGDEN STREET IN PHILADELPHIA. ALL THE BUILDINGS WILL BE 3 STORIES AND CONTAIN A TOTAL OF 40 APARTMENT UNITS OF VARIOUS SIZES.Expenses $736,405 · revenue $168,037
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 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
- 23-2687223
- 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
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public safety, disaster preparedness and relief (M24Z)
- Assets (IRS master file)
- $11,516,742
- Income (IRS master file)
- $671,158
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $671,158 | $968,010 | $11,516,742 | IRS |
| 990 | June 2024 | $692,838 | $1,355,364 | $11,626,662 | IRS |
| 990 | June 2023 | $1,173,912 | $1,336,754 | $18,883,160 | XML |
| 990 | June 2022 | $1,551,935 | $1,877,835 | $18,642,427 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 23-2687223).
Questions about HOPEPHL COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of HOPEPHL COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of HOPEPHL COMMUNITY DEVELOPMENT CORPORATION is 23-2687223.
- Is HOPEPHL COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to HOPEPHL COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPEPHL COMMUNITY DEVELOPMENT CORPORATION 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 HOPEPHL COMMUNITY DEVELOPMENT CORPORATION 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 HOPEPHL COMMUNITY DEVELOPMENT CORPORATION 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 HOPEPHL COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names KATHLEEN DESMOND.
- Who are the officers and directors of HOPEPHL COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does HOPEPHL COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $671,158, expenses of $968,010 and total assets of $11,516,742 at year end.
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