Nonprofit · EIN 76-0580544
HOPE HOUSING FOUNDATION
Tax-exempt · MCKINNEY, TX 75070
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $5,510,364 | $6,933,333 | -$1,422,969 | $77,932,824 | $100,032,715 | -$22,099,891 |
| December 31, 2022 | 990 | $5,763,789 | $8,833,305 | -$3,069,516 | $70,142,905 | $88,132,489 | -$17,989,584 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $1,158,120
- of which government grants
- $1,158,120
- Program service revenue
- $3,910,168
- Investment income
- $38
- Other revenue
- $442,038
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $333,204
- Salaries, compensation and benefits (total)
- $499,814
- Professional fundraising fees
- $0
- Legal fees
- $32,774
- Accounting fees
- $78,440
- Occupancy
- $407,158
- Travel
- $37,738
- Depreciation
- $2,587,084
- Program services (functional)
- $6,704,758
- Management and general (functional)
- $228,575
Balance sheet and other
- Total assets, start of year
- $70,142,905
- Total assets, end of year
- $77,932,824
- Total liabilities, end of year
- $100,032,715
- Net assets, end of year
- -$22,099,891
- Land, buildings and equipment
- $53,685,459
- Net assets without donor restrictions
- -$22,099,891
- Gross receipts
- $5,510,364
- Employees
- 0
- Year formed
- 1998
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DERRICK BRIDGETT | DIRECTOR Trustee or director | – | $0 |
| DARREL FOSTER | DIRECTOR Trustee or director | – | $0 |
| SUSAN RICHARDSON | DIRECTOR Trustee or director | – | $0 |
| DARREN STOVER | DIRECTOR Trustee or director | – | $0 |
| PAMELA THOMAS | DIRECTOR Trustee or director | – | $0 |
| ALVIN JOHNSON | PRESIDENT Officer | – | $0 |
| DONERIC NORWOOD | CHAIRMAN Officer | – | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALVIN JOHNSON | PRESIDENT Officer | 40 | $185,000 |
| DERRICK BRIDGETT | DIRECTOR Trustee or director | – | $0 |
| DARREL FOSTER | DIRECTOR Trustee or director | – | $0 |
| SUSAN RICHARDSON | DIRECTOR Trustee or director | – | $0 |
| DARREN STOVER | DIRECTOR Trustee or director | – | $0 |
| PAMELA THOMAS | DIRECTOR Trustee or director | – | $0 |
| DONERIC NORWOOD | CHAIRMAN Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 3900 S STONEBRIDGE DR STE 301, MCKINNEY, TX 75070-8028
- Principal officer (990 for 2023)
- ALVIN JOHNSON, 3900 S STONEBRIDGE DR STE 301, MCKINNEY, TX 75070
- Signed the 990
- ALVIN JOHNSON, PRESIDENT
- Phone
- (214) 842-8075
- Return prepared by
- FOX GARCIA AND COMPANY LLC
Mission
THE PROMOTION AND CREATION OF QUALITY AFFORDABLE HOUSING FOR SENIORS, STUDENTS, AND LOW TO MODERATE INCOME FAMILIES.
Program accomplishments
- CONSTRUCT, REHAB AFFORDABLE COMMUNITY HOUSING PROPERTIES FOR LOW AND MODERATE INCOME PERSONS, AND PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME TENANTS.Expenses $6,587,032 · revenue $3,910,168
- CONSTRUCT, REHAB AFFORDABLE COMMUNITY HOUSING PROPERTIES FOR LOW AND MODERATE INCOME PERSONS, AND PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME TENANTS.Expenses $117,726
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 76-0580544
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $77,932,824
- Income (IRS master file)
- $5,510,364
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $5,510,364 | $6,933,333 | $77,932,824 | XML |
| 990 | December 2022 | $5,763,789 | $8,833,305 | $70,142,905 | XML |
| 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 76-0580544).
Questions about HOPE HOUSING FOUNDATION
- What is the EIN of HOPE HOUSING FOUNDATION?
- The employer identification number (EIN) of HOPE HOUSING FOUNDATION is 76-0580544.
- Is HOPE HOUSING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to HOPE HOUSING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE HOUSING FOUNDATION 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 HOUSING FOUNDATION 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 HOUSING FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of HOPE HOUSING FOUNDATION?
- The 990 for the year ended December 31, 2023 names ALVIN JOHNSON.
- Who are the officers and directors of HOPE HOUSING FOUNDATION?
- The 990 for the year ended December 31, 2023 lists 7 people; 0 received compensation from the organization.
- How much revenue does HOPE HOUSING FOUNDATION have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $5,510,364, expenses of $6,933,333 and total assets of $77,932,824 at year end.
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