Hope Community Development Association Inc
EIN: 272950701 · Cedar Rapids, IA · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $872K |
| Net Assets | $271K |
Is Hope Community Development Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hope Community Development Association Inc
Hope Community Development Association Inc (EIN: 272950701) is a nonprofit organization based in Cedar Rapids, IA, classified under NTEE code S30. The organization reported total revenue of $1.8M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Community Development Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Community Development Association Inc is a mid-size nonprofit that has been operating for 15 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $923K |
| Total Expenses | $872K |
| Surplus / Deficit | +$51K |
| Total Assets | $1.2M |
| Total Liabilities | $903K |
| Net Assets | $271K |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 76.9% |
| Months of Reserves | 16.2 months |
Financial Health Grade: A
In 2023, Hope Community Development Association Inc reported a surplus of $51K with revenue exceeding expenses, holds 16.2 months of operating reserves (strong position), has a debt-to-asset ratio of 76.9% (high leverage).
Financial Trends
Over 11 years of filings (2011–2023), Hope Community Development Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | -7.3% | +5.0% |
| 2022 | +18.1% | +36.0% | +65.5% |
| 2021 | +20.8% | +42.4% | -3.2% |
| 2020 | +62.2% | +38.1% | +42.7% |
| 2019 | +161.1% | +69.4% | +103.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hope Community Development Association Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hope Community Development Association Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $51K, with revenue exceeding expenses.
- Debt-to-asset ratio: 76.9%.
Frequently Asked Questions about Hope Community Development Association Inc
Is Hope Community Development Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Community Development Association Inc (EIN: 272950701) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hope Community Development Association Inc spend its money?
Detailed spending breakdown data is not yet available for Hope Community Development Association Inc. Check back for updated IRS 990 analysis.
Are donations to Hope Community Development Association Inc tax-deductible?
Hope Community Development Association Inc is registered as a tax-exempt nonprofit (EIN: 272950701). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hope Community Development Association Inc located?
Hope Community Development Association Inc is headquartered in Cedar Rapids, Iowa and files with the IRS under EIN 272950701. It is classified under NTEE code S30.
How many years of IRS 990 filings does Hope Community Development Association Inc have?
Hope Community Development Association Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.
Filing History
IRS 990 filing history for Hope Community Development Association Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Hope Community Development Association Inc's revenue has grown by 1061.4%, moving from $79K to $923K. Total assets increased by 320684.4% over the same period, from $366 to $1.2M. Total functional expenses rose by 645.2%, from $117K to $872K. In its most recent filing year (2023), Hope Community Development Association Inc reported a surplus of $51K, with revenue exceeding expenses. The organization holds $903K in liabilities against $1.2M in assets (debt-to-asset ratio: 76.9%), resulting in net assets of $271K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $923K | $872K | $1.2M | $903K | — | — |
| 2022 | $924K | $940K | $1.1M | $960K | — | View 990 |
| 2021 | $783K | $692K | $675K | $481K | — | View 990 |
| 2020 | $648K | $486K | $698K | $564K | — | View 990 |
| 2019 | $400K | $352K | $489K | $518K | — | — |
| 2018 | $153K | $208K | $240K | $317K | — | View 990 |
| 2016 | $586K | $423K | $249K | $190K | — | View 990 |
| 2015 | $199K | $327K | $25K | $129K | — | View 990 |
| 2014 | $163K | $158K | $25K | $370 | — | View 990 |
| 2013 | $155K | $139K | $21K | $366 | — | View 990 |
| 2011 | $79K | $117K | $366 | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $923K, expenses of $872K, and assets of $1.2M (revenue -0.2% year-over-year).
- 2022: Revenue of $924K, expenses of $940K, and assets of $1.1M (revenue +18.1% year-over-year).
- 2021: Revenue of $783K, expenses of $692K, and assets of $675K (revenue +20.8% year-over-year).
- 2020: Revenue of $648K, expenses of $486K, and assets of $698K (revenue +62.2% year-over-year).
- 2019: Revenue of $400K, expenses of $352K, and assets of $489K (revenue +161.1% year-over-year).
- 2018: Revenue of $153K, expenses of $208K, and assets of $240K (revenue -73.9% year-over-year).
- 2016: Revenue of $586K, expenses of $423K, and assets of $249K (revenue +194.9% year-over-year).
- 2015: Revenue of $199K, expenses of $327K, and assets of $25K (revenue +22.2% year-over-year).
- 2014: Revenue of $163K, expenses of $158K, and assets of $25K (revenue +5.0% year-over-year).
- 2013: Revenue of $155K, expenses of $139K, and assets of $21K (revenue +95.0% year-over-year).
- 2011: Revenue of $79K, expenses of $117K, and assets of $366.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Community Development Association Inc:
Data Sources and Methodology
This transparency report for Hope Community Development Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.