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Nonprofit · EIN 83-0411768

HARD BARGAIN MT HOPE REDEVELOPMENT INC

Tax-exempt · FRANKLIN, TN 37064

Financials

$611K$433K2023$653K$525K2024
Revenue Expenses · by fiscal year end
Financials of HARD BARGAIN MT HOPE REDEVELOPMENT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$653,423$525,057$128,366$2,126,702$1,032,061$1,094,641
December 31, 2023990$611,419$433,329$178,090$1,996,908$1,030,633$966,275
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$726,006
of which government grants
$268,759
Program service revenue
$0
Investment income
$14,384
Net rental income
$100
Net income from fundraising events
-$87,482
Other revenue
-$86,967

Expenses

Grants and similar amounts paid
$73,736
Compensation of officers, directors and key employees
$87,737
Other salaries and wages
$60,831
Salaries, compensation and benefits (total)
$166,208
Professional fundraising fees
$0
Accounting fees
$20,142
Occupancy
$134,474
Travel
$3,785
Depreciation
$950
Program services (functional)
$368,077
Management and general (functional)
$94,339
Fundraising (functional)
$62,641

Balance sheet and other

Total assets, start of year
$1,996,908
Total assets, end of year
$2,126,702
Total liabilities, end of year
$1,032,061
Net assets, end of year
$1,094,641
Land, buildings and equipment
$22,499
Net assets without donor restrictions
$820,944
Net assets with donor restrictions
$273,697
Gross receipts
$761,545
Employees
2
Volunteers
310
Year formed
2004
State of legal domicile
TN

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 / weekCompensationOther / benefits
DERRICK SOLOMONEXECUTIVE DI
Officer
40$81,000$6,737
ANGELA FLEMINGPRESIDENT
Trustee or director, Officer
10$0$0
KEN FARMERTREASURER
Trustee or director, Officer
5$0$0
MIRELLA NEELYSECRETARY
Trustee or director, Officer
5$0$0
KEITH DAVISDIRECTOR
Trustee or director
5$0$0
DAVID CRANEDIRECTOR
Trustee or director
5$0$0
TAMARA REFFEGEEDIRECTOR
Trustee or director
5$0$0
HOWARD SONNY KELTONDIRECTOR
Trustee or director
5$0$0
PAM LEWISDIRECTOR
Trustee or director
5$0$0
EMILY JENKINSDIRECTOR
Trustee or director
5$0$0
ANGELA GENTRY JACKSONDIRECTOR
Trustee or director
5$0$0
DR DANA HARDYDIRECTOR
Trustee or director
5$0$0
EMILY KORABDIRECTOR
Trustee or director
5$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
DERRICK SOLOMONEXECUTIVE DI
Trustee or director, Officer
40$75,248$6,984
DENISE CAROTHERSPRESIDENT
Trustee or director, Officer
10$0$0
ANGELA FLEMINGVICE PRES.
Trustee or director, Officer
5$0$0
KEN FARMERTREASURER
Trustee or director, Officer
5$0$0
MIRELLA NEELYSECRETARY
Trustee or director, Officer
5$0$0
KEITH DAVISDIRECTOR
Trustee or director
5$0$0
DAVID CRANEDIRECTOR
Trustee or director
5$0$0
JOHNNIE HAMILTONDIRECTOR
Trustee or director
5$0$0
HOWARD SONNY KELTONDIRECTOR
Trustee or director
5$0$0
PAM LEWISDIRECTOR
Trustee or director
5$0$0
EMILY JENKINSDIRECTOR
Trustee or director
5$0$0
ANGELA GENTRY JACKSONDIRECTOR
Trustee or director
5$0$0

Address and contacts

Address (IRS master file)
608 MOUNT HOPE ST, FRANKLIN, TN 37064-2463
In care of
% DERRICK L SOLOMON
Principal officer (990 for 2024)
DERRICK SOLOMON, 608 MT HOPE STREET, FRANKLIN, TN 37064
Signed the 990
DERRICK SOLOMON, EXECUTIVE DIRECTOR
Phone
(615) 591-0504
Return prepared by
BLANKENSHIP CPA GROUP PLLC

Mission

THE MISSION OF HARD BARGAIN ASSOCIATION IS TO PRESERVE THE HISTORIC HARD BARGAIN NEIGHBORHOOD BY RENOVATING EXISTING HOMES, BUILDING HIGH QUALITY AFFORDABLE HOUSING, AND ENRICHING THE LIVES OF OUR NEIGHBORS.

990 for the year ended December 31, 2024

Program accomplishments

  • PRESERVING THE HISTORIC HARD BARGAIN NEIGHBORHOOD BY RENOVATING EXISTING HOMES, BUILDING HIGH QUALITY AFFORDABLE HOUSING, AND ENRICHING THE LIVES OF ITS NEIGHBORS.
    Expenses $368,077 · grants $73,736

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
83-0411768
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
2006
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,126,702
Income (IRS master file)
$761,545

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$653,423$525,057$2,126,702XML
990December 2023$611,419$433,329$1,996,908XML
990December 2022$590,745$534,670$1,812,865IRS
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 83-0411768).

Questions about HARD BARGAIN MT HOPE REDEVELOPMENT INC

What is the EIN of HARD BARGAIN MT HOPE REDEVELOPMENT INC?
The employer identification number (EIN) of HARD BARGAIN MT HOPE REDEVELOPMENT INC is 83-0411768.
Is HARD BARGAIN MT HOPE REDEVELOPMENT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to HARD BARGAIN MT HOPE REDEVELOPMENT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HARD BARGAIN MT HOPE REDEVELOPMENT 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 HARD BARGAIN MT HOPE REDEVELOPMENT 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 HARD BARGAIN MT HOPE REDEVELOPMENT 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 HARD BARGAIN MT HOPE REDEVELOPMENT INC?
The 990 for the year ended December 31, 2024 names DERRICK SOLOMON.
Who are the officers and directors of HARD BARGAIN MT HOPE REDEVELOPMENT INC?
The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $81,000 (DERRICK SOLOMON, EXECUTIVE DI).
How much revenue does HARD BARGAIN MT HOPE REDEVELOPMENT INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $653,423, expenses of $525,057 and total assets of $2,126,702 at year end.

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