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Nonprofit · EIN 54-1997025

URBAN HOPE INC

Tax-exempt · RICHMOND, VA 23223

Financials

$2M$1.1M2023$1.9M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of URBAN HOPE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,940,201$1,409,099$531,102$6,391,036$3,187,282$3,203,754
December 31, 2023990$1,989,201$1,071,241$917,960$5,375,606$2,702,954$2,672,652
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,586,602
Program service revenue
$353,148
Investment income
$451
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$506,108
Salaries, compensation and benefits (total)
$506,108
Professional fundraising fees
$0
Accounting fees
$41,364
Occupancy
$22,125
Travel
$6,663
Depreciation
$111,660
Program services (functional)
$1,070,537
Management and general (functional)
$246,833
Fundraising (functional)
$91,729

Balance sheet and other

Total assets, start of year
$5,375,606
Total assets, end of year
$6,391,036
Total liabilities, end of year
$3,187,282
Net assets, end of year
$3,203,754
Land, buildings and equipment
$5,039,745
Publicly traded securities
$37,051
Net assets without donor restrictions
$2,685,024
Net assets with donor restrictions
$518,730
Gross receipts
$1,940,201
Employees
10
Volunteers
70
Year formed
2000
State of legal domicile
VA

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
Sarah HalePresident
Officer
40$113,526
Dontrese BrownBoard Chair
Trustee or director, Officer
1$0
Nelson ReveleyTreasurer
Trustee or director, Officer
1$0
Allison ScottSecretary
Trustee or director, Officer
1$0
Caitie Rountree ChanVice Chair
Trustee or director
1$0
Angel AmpeyDirector
Trustee or director
1$0
Sheri CrowellDirector
Trustee or director
1$0
Anna DaneseDirector
Trustee or director
1$0
Abigail GeorgeDirector
Trustee or director
1$0
Tom MitchellDirector
Trustee or director
1$0
LeGrand NorthcuttDirector
Trustee or director
1$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
Sarah HalePresident
Officer
40$117,706
Dontrese BrownBoard Chair
Trustee or director, Officer
1$0
Shawn MaidaTreasurer
Trustee or director, Officer
1$0
Nelson ReveleySecretary
Trustee or director, Officer
1$0
Caitie Rountree ChanDirector
Trustee or director
1$0
Tom MitchellDirector
Trustee or director
1$0
LeGrand NorthcuttDirector
Trustee or director
1$0
Erin RoseDirector
Trustee or director
1$0
Allison ScottDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
2300 FAIRMOUNT AVE, RICHMOND, VA 23223-5247
In care of
% SARAH M HALE
Mailing address (990-N for 2013)
PO Box 23171, Richmond VA 23223
Principal officer (990 for 2024)
Sarah Hale, P O Box 23171, Richmond, VA 23223
Principal officer (990-N for 2013)
Romesh Wijesooriya, 1301 Oakwood Ave, Richmond VA 23223
Signed the 990
Sarah Hale, Executive Director
Phone
(804) 396-2198
Return prepared by
DOOLEY & VICARS CERTIFIED PUBLIC

Mission

The primary focus of Urban Hope is to partner with families who seek affordable rental housing and/or home ownership.

990 for the year ended December 31, 2024

Program accomplishments

  • Highlights of Urban Hopes program accomplishments for 2024: By the end of 2024, Urban Hope provided 35 units of rental housing, with 104 tenants housed throughout the year and living in stable, safe, affordable housing. With tremendous community support, Urban Hope kept 90% of our tenants stably and safely housed throughout the last year. Several of our clients moved from unstable circumstances and escaped displacement by transitioning into our rentals. Urban Hope completed its second new construction project on a land bank lot awarded by the City of Richmond, hired two new staff members, completed a capital campaign for our HW renovations, and were awarded over $1M in competitive grants for the preservation of 16 of our units. Urban Hope maintained partnership with 52 private lenders, which supported the purchase and renovation of properties. Urban Hope continued its successful financial cohort program, matching their savings 5:1, and reducing client debt, helping secure a drivers license and a new car, and much more. We continued offering financial health to the public as well. Urban Hope made great strides towards our mission of making home a cornerstone of opportunity by keeping it affordable.
    Expenses $1,070,537 · revenue $1,939,750

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
54-1997025
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
2001
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$6,391,036
Income (IRS master file)
$1,940,201

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,940,201$1,409,099$6,391,036IRS
990December 2023$1,989,201$1,071,241$5,375,606XML
990December 2022$1,561,697$927,141$4,846,547IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990-EZDecember 2017–––IRS
990-N for 2013
Officer: Romesh Wijesooriya
December 31, 2013≤ $50,000 receipts––e-Postcard

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 54-1997025).

Questions about URBAN HOPE INC

What is the EIN of URBAN HOPE INC?
The employer identification number (EIN) of URBAN HOPE INC is 54-1997025.
Is URBAN HOPE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to URBAN HOPE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does URBAN HOPE 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 URBAN HOPE 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 URBAN HOPE 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 URBAN HOPE INC?
The 990 for the year ended December 31, 2024 names Sarah Hale.
Who are the officers and directors of URBAN HOPE INC?
The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $113,526 (Sarah Hale, President).
How much revenue does URBAN HOPE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,940,201, expenses of $1,409,099 and total assets of $6,391,036 at year end.

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