Hope Community Development Corporation
EIN: 550763261 · Charleston, WV · NTEE: P800
| Metric | Value |
|---|---|
| Total Revenue | $340K |
| Total Expenses | $184K |
| Net Assets | $1.8M |
Is Hope Community Development Corporation 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 Corporation
Hope Community Development Corporation (EIN: 550763261) is a nonprofit organization based in Charleston, WV, classified under NTEE code P800. The organization reported total revenue of $340K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Community Development Corporation is a small nonprofit that has been operating for 27 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -11.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $227K |
| Total Expenses | $184K |
| Surplus / Deficit | +$42K |
| Total Assets | $2.2M |
| Total Liabilities | $357K |
| Net Assets | $1.8M |
| Operating Margin | 18.7% |
| Debt-to-Asset Ratio | 16.5% |
| Months of Reserves | 140.8 months |
Financial Health Grade: A
In 2022, Hope Community Development Corporation reported a surplus of $42K with revenue exceeding expenses, holds 140.8 months of operating reserves (strong position), has a debt-to-asset ratio of 16.5% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Hope Community Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +9.9% | -5.3% | +2.0% |
| 2021 | +6.8% | +21.6% | +0.5% |
| 2020 | +25.0% | -1.1% | +2.1% |
| 2019 | -39.1% | -37.0% | +0.3% |
| 2018 | +60.0% | +4.3% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hope Community Development Corporation 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 Corporation 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $42K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.5%.
Frequently Asked Questions about Hope Community Development Corporation
Is Hope Community Development Corporation a legitimate charity?
Hope Community Development Corporation (EIN: 550763261) is a registered tax-exempt nonprofit based in West Virginia. It has 12 years of IRS 990 filings on record. Total revenue: $340K. No red flags identified. Financial health grade: A.
How does Hope Community Development Corporation spend its money?
Hope Community Development Corporation reported $340K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hope Community Development Corporation tax-deductible?
Hope Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 550763261). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hope Community Development Corporation located?
Hope Community Development Corporation is headquartered in Charleston, West Virginia and files with the IRS under EIN 550763261. It is classified under NTEE code P800.
How many years of IRS 990 filings does Hope Community Development Corporation have?
Hope Community Development Corporation has 12 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 $340K in total revenue.
Filing History
IRS 990 filing history for Hope Community Development Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Hope Community Development Corporation's revenue has declined by 75.2%, moving from $913K to $227K. Total assets increased by 14.9% over the same period, from $1.9M to $2.2M. Total functional expenses fell by 79.8%, from $913K to $184K. In its most recent filing year (2022), Hope Community Development Corporation reported a surplus of $42K, with revenue exceeding expenses. The organization holds $357K in liabilities against $2.2M in assets (debt-to-asset ratio: 16.5%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $227K | $184K | $2.2M | $357K | — | View 990 |
| 2021 | $206K | $195K | $2.1M | $357K | — | View 990 |
| 2020 | $193K | $160K | $2.1M | $358K | — | — |
| 2019 | $154K | $162K | $2.1M | $368K | — | View 990 |
| 2018 | $254K | $257K | $2.1M | $353K | — | View 990 |
| 2017 | $158K | $246K | $1.9M | $292K | — | View 990 |
| 2016 | $277K | $296K | $1.9M | $306K | — | View 990 |
| 2015 | $294K | $312K | $2.0M | $338K | — | View 990 |
| 2014 | $344K | $325K | $2.0M | $340K | — | View 990 |
| 2013 | $221K | $333K | $1.9M | $321K | — | View 990 |
| 2012 | $922K | $642K | $2.2M | $269K | — | View 990 |
| 2011 | $913K | $913K | $1.9M | $215K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $227K, expenses of $184K, and assets of $2.2M (revenue +9.9% year-over-year).
- 2021: Revenue of $206K, expenses of $195K, and assets of $2.1M (revenue +6.8% year-over-year).
- 2020: Revenue of $193K, expenses of $160K, and assets of $2.1M (revenue +25.0% year-over-year).
- 2019: Revenue of $154K, expenses of $162K, and assets of $2.1M (revenue -39.1% year-over-year).
- 2018: Revenue of $254K, expenses of $257K, and assets of $2.1M (revenue +60.0% year-over-year).
- 2017: Revenue of $158K, expenses of $246K, and assets of $1.9M (revenue -42.7% year-over-year).
- 2016: Revenue of $277K, expenses of $296K, and assets of $1.9M (revenue -5.8% year-over-year).
- 2015: Revenue of $294K, expenses of $312K, and assets of $2.0M (revenue -14.8% year-over-year).
- 2014: Revenue of $344K, expenses of $325K, and assets of $2.0M (revenue +55.6% year-over-year).
- 2013: Revenue of $221K, expenses of $333K, and assets of $1.9M (revenue -76.0% year-over-year).
- 2012: Revenue of $922K, expenses of $642K, and assets of $2.2M (revenue +1.1% year-over-year).
- 2011: Revenue of $913K, expenses of $913K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Community Development Corporation:
Data Sources and Methodology
This transparency report for Hope Community Development Corporation 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.