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Nonprofit · EIN 42-1668898

COMMUNITY OF HOPE

Tax-exempt · MELBOURNE, FL 32902

Financials

$1.5M$1.5M2023$1.7M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of COMMUNITY OF HOPE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,663,244$1,342,296$320,948$7,405,230$6,213,910$1,191,320
December 31, 2023990$1,544,361$1,530,769$13,592$5,097,538$4,227,166$870,372
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$886,974
of which government grants
$714,192
Program service revenue
$509,945
Investment income
$274,774
Net rental income
$929
Net gain from sales of assets
$273,711
Net income from fundraising events
-$9,323
Net income from sales of inventory
-$4,596
Other revenue
-$8,449

Expenses

Grants and similar amounts paid
$448,142
Compensation of officers, directors and key employees
$66,250
Other salaries and wages
$230,328
Salaries, compensation and benefits (total)
$324,212
Professional fundraising fees
$0
Accounting fees
$8,769
Occupancy
$14,294
Travel
$25,277
Depreciation
$2,935
Program services (functional)
$1,182,463
Management and general (functional)
$159,833

Balance sheet and other

Total assets, start of year
$5,097,538
Total assets, end of year
$7,405,230
Total liabilities, end of year
$6,213,910
Net assets, end of year
$1,191,320
Land, buildings and equipment
$6,774,286
Net assets without donor restrictions
$1,191,320
Gross receipts
$1,942,160
Employees
11
Volunteers
90
Year formed
2005
State of legal domicile
FL

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.

NameTitleHours / weekCompensation
DREW WARRENCHIEF EXECUTIVE OFFICER
Officer
40$66,250
STEPHANIE HOPPERBOARD MEMBER
Trustee or director
2$0
WILLIAM CHIP SNEADBOARD MEMBER
Trustee or director
2$0
GARY HALLCHURCH SPONSORED DIRECTOR
Trustee or director
2$0
R TRACY MASTERSPRESIDENT
Trustee or director, Officer
20$0
BRIAN LEDFORDCHURCH SPONSORED DIRECTOR
Trustee or director
2$0
ELLEN ROGERSCHURCH SPONSORED DIRECTOR
Trustee or director
2$0
ONESIMUS WARNERCHURCH SPONSORED DIRECTOR
Trustee or director
2$0
J BARTOW WILLINGHAMTREASURER
Trustee or director, Officer
2$0
BRYAN BECKERVICE PRESIDENT
Trustee or director, Officer
2$0
MEGAN HOWARDBOARD MEMBER
Trustee or director
2$0
PASTOR DAVID YOUNG ROMEROPAST PRESIDENT EMERITUS
Trustee or director
2$0
MABLE WILLIAMSSECRETARY
Trustee or director, Officer
2$0
SYLVIA HERDTCHURCH SPONSORED DIRECTOR
Trustee or director
2$0
JUDY DOLAN-WOODBOARD MEMBER
Trustee or director
2$0
2 more people on this return
NameTitleHours / weekCompensation
SARAH MORSEBOARD MEMBER
Trustee or director
2$0
MIKE PIROLOBOARD MEMBER
Trustee or director
2$0
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensation
Drew WarrenChief Executive Director40$67,673
David YoungPresident
Officer
20$0
Tracy MastersVice President
Officer
2$0
Kimberly Hewatt2nd Vice Presid
Officer
2$0
Alyssa BuchananSecretary
Officer
2$0
Bartow WillinghamTreasurer
Officer
2$0
Bryan BeckerBoard Member
Officer
2$0
Susan BlairBoard Member
Officer
2$0
Kevin BrownBoard Member
Officer
2$0
Karen BrownBoard Member
Officer
2$0
Judy Dolan-WoodBoard Member
Officer
2$0
Gary HallBoard Member
Officer
2$0
Sylvia HerdtBoard Member
Officer
2$0
Stephanie HopperBoard Member
Officer
2$0
Megan HowardBoard Member
Officer
2$0
Brian LedfordBoard Member
Officer
2$0
Ellen RogersBoard Member
Officer
2$0
Mable WilliamsBoard Member
Officer
2$0

Address and contacts

Address (IRS master file)
PO BOX 1253, MELBOURNE, FL 32902-1253
Principal officer (990 for 2024)
TRACY MASTERS, PO BOX 1253, MELBOURNE, FL 32902
Signed the 990
TRACY MASTERS, PRESIDENT
Phone
(321) 474-0966
Return prepared by
CRI ADVISORS LLC

Mission

BUILD HOPE AND HEALTHY FAMILIES THROUGH A HELPING HAND PROGRAM OF STRUCTURED HOUSING. ALLOW FAMILIES WITH CHILDREN TO REMAIN TOGETHER IN A SAFE AND DECENT LIVING ENVIRONMENT SO THAT THEY MAY GROW STRONG, BECOME SELF-RELIANT, TRANSFORM THEIR LIVES, AND CRUSH THE CYCLE OF HOMELESSNESS AND POVERTY.

990 for the year ended December 31, 2024

Program accomplishments

  • PERMANENT SUPPORTIVE HOUSING (PSH):OUR EXPERIENCE WITH TRANSITIONAL HOUSING LED US TO UNDERSTAND AND ACKNOWLEDGE THAT SOME HOUSEHOLDS ARE NOT REASONABLY ABLE TO "PULL THEMSELVES UP BY THE BOOTSTRAPS AND BECOME SELF-SUFFICIENT IN THE TIMEFRAME ALLOTTED IN A TRANSITIONAL PROGRAM. IN FACT, THIS MAY NOT BE AN APPROPRIATE GOAL DUE TO HEALTH, MENTAL HEALTH, OR OTHER FACTORS BEYOND THE INDIVIDUAL'S CONTROL. FOR THESE HOUSEHOLDS WE PROVIDE PERMANENT HOUSING AS LONG AS THEY MEET THE REQUIREMENTS OF THE PROGRAM.
    Expenses $945,148 · grants $443,659 · revenue $109,436
  • TRANSITIONAL HOUSING (TH):TRANSITIONAL HOUSING WAS OUR FIRST PROGRAM AND IS STILL KEY TO WHAT COH DOES. THIS PROGRAM ALLOWS FAMILIES TO HAVE SUPPORTIVE SERVICES WHILE STABILIZING IN A SAFE AND AFFORDABLE HOME. THE FEES FOR THIS PROGRAM PAY FOR SERVICES, RENT, AND UTILITIES. THIS FEE IS BASED ON INCOME AND IS NOT MORE THAN 30% OF THE TOTAL INCOME OF THE HOUSEHOLD.
    Expenses $73,025 · revenue $84,083
  • HOPE HOUSING SERVICES (HHS):CONSIDERING THE INCREASING GAP BETWEEN TYPICAL HOUSEHOLD INCOME AND THE AVERAGE COST OF HOUSING IN BREVARD, COMMUNITY OF HOPE DOES NOT HAVE THE INVENTORY TO MEET THE NEEDS OF FAMILIES IN BREVARD. WE ARE ALSO WORKING WITH PRIVATE LANDLORDS BY HELPING FAMILIES SECURE FUNDING THAT HELPS OFFSET THE EXPENSE OF MARKET BASED HOUSING AND PROVIDING CASE MANAGEMENT SERVICES.
    Expenses $119,487 · grants $4,483 · revenue $316,426
  • SAFE OVERNIGHT STAY (S.O.S.):THIS PROGRAM STARTED IN 2017 WITH A SINGLE UNIT DEDICATED TO VERY SHORT-TERM SHELTER LEADING TO HOUSING. THE PROGRAM PROVED TO BE EFFECTIVE AND EASILY SCALABLE, EVEN IN THE FACE OF A PANDEMIC THAT SIGNIFICANTLY DECREASED SHELTER OPTIONS THROUGHOUT THE COUNTY. S.O.S. HAS GROWN THROUGH COMMUNITY SUPPORT ANDPARTNERSHIPS TO INCLUDE OPTIONS FOR ELDERLY ADULTS AND YOUTH AND YOUNG ADULTS. WE PILOTED THIS PROGRAM WITH THE HOMELESS COALITION SERVING 69 PEOPLE IN OUR FIRST YEAR. IN 2020 COMMUNITY OF HOPE S.O.S ALONE SHELTERED OVER 230 PEOPLE AND THIS NUMBER WAS MAGNIFIED BY THOSE SERVED BY PARTNER AGENCIES. WE ANTICIPATE CONTINUING GROWTH IN THIS PROGRAM. PERHAPS MORE IMPORTANTLY, THIS PROGRAM DOES NOT JUST SHELTER HOUSEHOLDS BUT RESULTS IN THE VAST MAJORITY ATTAINING LONG-TERM, STABLE HOUSING SOLUTION (92%).READY FOR HOPE (RFH):RFH IS A VERSION OF OUR S.O.S. PROGRAM RUN IN CONJUNCTION WITH OUR PARTNER AGENCY, READY FOR LIFE. READY FOR LIFE SPECIALIZES IN PROVIDING WRAPAROUND SERVICES TO TRANSITION AGED YOUTH (AGE 18 TO 34), ESPECIALLY THOSE WHO AGED OUT OF FOSTER CARE. COMMUNITY OF HOPE PROVIDES SHELTER, HOUSING CASE MANAGEMENT, AND HOUSING ASSISTANCE TO THESE YOUTH, ALLOWING READY FOR LIFE TO FOCUS ON OTHER SUPPORTS AND ASSISTANCE NEEDED TO STABILIZE THE CLIENT AND PREPARE THEM FOR INDEPENDENCE AND SUCCESS. THIS PROGRAM HAS ALREADY BEEN SUCCESSFUL IN SHELTERING AND HOUSING SEVERAL OF THESE VULNERABLE YOUTHS. LAND OF HOPE CLT:OVER THE PAST TWO YEARS, WE HAVE LAID THE GROUNDWORK FOR OUR NEWEST PROGRAM THE LAND OF HOPE COMMUNITY LAND TRUST. WE HAVE NOT ONLY SET UP THE INFRASTRUCTURE FOR THIS PROGRAM BUT ALSO ACCOMPLISHED STATEWIDE CERTIFICATION FOR THE PROGRAM. THE CLT MODEL ALLOWS US TO ACQUIRE AND HOLD LAND/PROPERTY FOR PERMANENT AFFORDABILITY. THESE PROPERTIES CAN BE USED FOR BOTH RENTAL AND HOMEOWNERSHIP BUT MUST ALWAYS SERVE HOUSEHOLDS UNDER 80% AMI. MOSAIC OUTREACH SERVICES:THIS OUTREACH PROGRAM STARTED AS A COLLABORATION WITH MOSAIC CHURCH, A SERVICE-ORIENTEDCHURCH FOCUSING LARGELY ON THE NEEDS OF THE HOMELESS. UNFORTUNATELY, THE CHURCH CLOSED BUT COH HAS CONTINUED THIS SERVICE AND THE NAME, HONORING THE CHRISTLIKE SPIRIT OF THIS CHURCH. WE GO OUT IN THE COMMUNITY TO WORK WITH THE HOMELESS WHERE THEY ARE, PROVIDE FOR BASIC NEEDS AND HELP THEM FIND HOUSING OPTIONS.BEACON THRIFT IS SCHEDULED TO OPEN EARLY 2025, DEDICATED TO SUPPORTING FAMILIES TRANSITIONING OUT OF HOMELESSNESS. BEACON THRIFT WILL BE A RESOURCE HUB, PROVIDING ESSENTIAL HOUSEHOLD ITEMS AND FURNITURE, TO FAMILIES AS THEY MOVE INTO STABLE HOUSING.
    Expenses $44,803 · revenue -$55

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-1668898
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
2005
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$7,405,230
Income (IRS master file)
$1,942,160

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,663,244$1,342,296$7,405,230IRS
990December 2023$1,544,361$1,530,769$5,097,538XML
990December 2022$740,770$797,414$1,941,601IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 42-1668898).

Questions about COMMUNITY OF HOPE

What is the EIN of COMMUNITY OF HOPE?
The employer identification number (EIN) of COMMUNITY OF HOPE is 42-1668898.
Is COMMUNITY OF HOPE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to COMMUNITY OF HOPE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does COMMUNITY OF HOPE 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 COMMUNITY OF HOPE 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 COMMUNITY OF HOPE 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 COMMUNITY OF HOPE?
The 990 for the year ended December 31, 2024 names TRACY MASTERS.
Who are the officers and directors of COMMUNITY OF HOPE?
The 990 for the year ended December 31, 2024 lists 17 people; 1 received compensation from the organization, the highest $66,250 (DREW WARREN, CHIEF EXECUTIVE OFFICER).
How much revenue does COMMUNITY OF HOPE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,663,244, expenses of $1,342,296 and total assets of $7,405,230 at year end.

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