Hope Partnership Inc in Old Saybrook, Connecticut (CT)
Table of contents:
| Hope Partnership Inc | |
| Employer Identification Number (EIN) | 201683627 |
| Name of Organization | Hope Partnership Inc |
| Address | 191 Main St, Old Saybrook, CT 06475-2392 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $334,905 |
| Amount of Income | $85,595 |
| Form 990 Revenue Amount | $85,595 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Public Housing Facilities |
Non-representatives - add comments:
Amount of income in 2014: $85,595 (it was $156,033 in 2013)
| Hope Partnership Inc: | $85,595 |
| Other organizations performing similar types of work: | $150,108 |
Assets in 2014: $334,905 (it was $413,645 in 2013)
| Hope Partnership Inc: | $334,905 |
| Other organizations performing similar types of work: | $1,156,098 |
Expenses in 2014: $114,528
| Hope Partnership Inc: | $114,528 |
| Other organizations performing similar types of work: | $149,118 |
Income to expenses ratio in 2014: 0.7
| Hope Partnership Inc: | 0.7 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 86.9%
| Hope Partnership Inc: | 86.9% |
| Other organizations performing similar types of work: | 0.8% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $57,750 | $168,588 | $156,033 | $85,595 |
| Contributions, gifts, grants, and similar amounts received | $57,750 | $168,588 | $73,475 | $74,395 |
| Program service revenue including government fees and contracts | $0 | $0 | $67,558 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $15,000 | $11,200 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $90,967 | $117,621 | $90,167 | $114,528 |
| Total net assets | $116,337 | $167,304 | $233,170 | $154,333 |
| Excess/Deficit for the year | $-33,217 | $50,967 | $65,866 | $-28,933 |
| Net assets or fund balances at beginning of year | $131,272 | $116,337 | $167,304 | $233,170 |
| Other changes in net assets or fund balances | $18,282 | $0 | $0 | $-49,904 |
| Net assets or fund balances at end of year | $167,304 | $233,170 | $154,333 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $312,033 | $348,823 | $413,645 | $334,905 |
| Total liabilities | $195,696 | $181,519 | $180,475 | $180,572 |
| Net assets or fund balances | $116,337 | $167,304 | $233,170 | $154,333 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $573,409 |
| Subtotal | $573,409 |
| Gifts, grants, contributions, and membership fees received | $473,797 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $99,612 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $600,059 |
| Public support | $573,409 |
| Subtotal | $26,650 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $26,650 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Winter Grove Inc | 235 Grand Ave, New Haven, CT 06513 | CT | 2013-02 | $3,441,626 |
| 2 | Trout Brook Realty Advisors Inc | 80 Shield St, West Hartford, CT 06110-1920 | CT | 2001-10 | $1,593,989 |
| 3 | Baldwin Holdings Inc | 150 Highland Ave, Bridgeport, CT 06604-3503 | CT | 2009-07 | $533,959 |
| 4 | Torrington Community Housing Corporation | 110 Prospect St, Torrington, CT 06790-6330 | CT | 2001-10 | $253,758 |
| 5 | Leeway-Putnam Housing Corp | 40 Albert St, New Haven, CT 06511-1542 | CT | 2008-10 | $247,509 |
| 6 | Acadia Housing Inc | 162 West St Ste D, Cromwell, CT 06416-4405 | CT | 2011-03 | $237,505 |
| 7 | New Vision International Development Corporation | 130 Gregory Street, Bridgeport, CT 06604 | CT | 2014-08 | $230,354 |
| 8 | Southeastern Connecticut Housing Alliance Inc | 5 Connecticut Avenue, Norwich, CT 06360 | CT | 2007-12 | $90,806 |
| 9 | Berlin Affordable Housing Inc | 250 Kensington Rd, Kensington, CT 06037-2621 | CT | 2015-04 | $0 |
| 10 | Cornwall Elderly Housing Corporation | 256 Kent Rd S, Cornwall Bridge, CT 06754-1236 | CT | 2011-01 | $0 |
| 11 | Essex Elderly & Affordable Housing | 16 Main St, Centerbrook, CT 06409-1052 | CT | 2012-04 | $0 |
| 12 | Fifteen Woodland Inc | 15 Woodland Inc, Hartford, CT 06105 | CT | 2003-02 | $0 |
| 13 | Friendship On The Hill Inc | 28 Perry St Apt 11j, Stamford, CT 06902-5703 | CT | 2003-02 | $0 |
| 14 | Greater Groton Realty Corporation | 770 Poquonnock Rd, Groton, CT 06340-4566 | CT | 2015-04 | $0 |
| 15 | Green Hills Farm & Community Inc | 1 Sasqua Rd, Norwalk, CT 06855-2824 | CT | 2015-02 | $0 |
| 16 | Helping Hand Community Empowerment For People Inc | 25 Princeton St, Bridgeport, CT 06605-2962 | CT | 1999-10 | $0 |
| 17 | Housing For All Inc | 67 Wildman St, Danbury, CT 06810-6952 | CT | 2000-06 | $0 |
| 18 | Mayberry Village Nrz Inc | 145 Woodlawn Circle, East Hartford, CT 06108 | CT | 2000-07 | $0 |
| 19 | Mha Fairfield Commons I Inc | 63 Stillwater Ave, Stamford, CT 06902-4917 | CT | 2011-08 | $0 |
| 20 | National Affordable Housing Corporation | 343 Park Ave, East Hartford, CT 06108-1750 | CT | 2003-12 | $0 |
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| Total | 3,095 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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