Disable all preview features

Community Development : Housing and Neighborhood Development

Hope Enterprise Corporation

Strengthening Communities, Building Assets, Improving Lives

three stars

88.78

4 Old River Place Suite A
Jackson, MS 39202
tel: (601) 944-1100   Web Site
EIN: 64-0851798

Board Leadership
Mike Espy
Chair

CEO
William Bynum
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 88.78 three stars
  Financial 84.65 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 09/01/2020 and includes data from FY2018, the most recent 990 received at that time.

HOPE's mission is to strengthen communities, build assets and improve lives of people in economically distressed areas of Alabama, Arkansas, Louisiana, Mississippi, and Tennessee.

HOPE's mission is to strengthen communities, build assets and improve lives of people in economically distressed areas of Alabama, Arkansas, Louisiana, Mississippi, and Tennessee.

Impact Information

GuideStar is Charity Navigator's trusted partner in sharing information on how this organization seeks impact.  GuideStar has recognized this organization with a Gold Seal of Transparency for voluntarily and publicly describing their goals, strategies, and accomplishments.  Learn More about Impact Information.
Charting Impact

What is your organization aiming to accomplish?

What are your strategies for making this happen?

What are your organization's capabilities for doing this?

How will your organization know if you are making progress?

What have and haven't you accomplished so far?

This impact information is current as of August 2020, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

84.65

Accountability & Transparency

four stars

96.00

This rating was published 09/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
70.8%
  Administrative Expenses 19.5%
  Fundraising Expenses 9.6%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 2.05
  Program Expenses Growth 6.2%
  Liabilities to Assets 46.0%
All data for Financial Performance Metrics calculations was provided by Hope Enterprise Corporation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Hope Enterprise Corporation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Hope Enterprise Corporation (MS) 88.78 three stars
ACCION San Diego (CA) 94.74 four stars
Commonwealth (MA) 88.26 three stars
DreamSpring (NM) 92.92 four stars
Foundation for Financial Planning (DC) 96.13 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $13,239,558
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $13,239,558
   Program Service Revenue $2,325,702
Total Primary Revenue $15,565,260
   Other Revenue $609,539
TOTAL REVENUE $16,174,799
   
EXPENSES  
   Program Expenses $10,420,548
   Administrative Expenses $3,701,084
   Fundraising Expenses $1,459,574
TOTAL FUNCTIONAL EXPENSES $15,581,206
   
Payments to Affiliates $0
Excess (or Deficit) for the year $593,593
   
Net Assets $32,916,307

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Loan Distribution $7,718,587 74.1%
Regional Development $1,224,270 11.7%
Adorable Housing Initiative $804,941 7.7%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 09/01/2020 88.78 three stars
2018-12 02/01/2020 87.76 three stars
2017-12 06/01/2019 90.98 four stars
2016-12 05/01/2018 85.64 three stars
2015-12 06/01/2017 82.66 three stars
2014-12 06/01/2016 84.22 three stars
 
CN 2.0
2014-12 04/01/2016 81.30 three stars
2013-12 03/01/2016 82.36 three stars
2013-12 07/01/2015 78.63 two stars
2012-12 03/01/2014 78.61 two stars
2011-12 08/01/2013 80.35 three stars
2010-12 07/01/2012 78.91 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 64-0851798
Name in IRS Master File HOPE ENTERPRISE CORPORATION
NTEE Code S20
NTEE Classification Community, Neighborhood Development, Improvement (General)
NTEE Type Community Improvement, Capacity Building
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (400) Area development, redevelopment of renewal
Foundation Status Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes.  509(a)(2)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date October, 1994
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2018
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
Compensation % of Expenses Paid to Title
$390,254 2.50% William Bynum President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Hope Enterprise Corporation (MS) 88.78 three stars
Ventures (WA) 91.58 four stars
SaverLife (CA) 95.93 four stars
Tides Center (CA) 93.15 four stars
Commonwealth (MA) 88.26 three stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Hope Enterprise Corporation
4 Old River Place
Suite A
Jackson, MS 39202
tel: (601) 944-1100
fax: (601) 944-0808
EIN: 64-0851798

Visit Web Site

Board Leadership

Mike Espy
Chair

CEO

William Bynum
Chief Executive Officer

Join Our Mailing List

Join over 400,000 other informed givers and get updates on charity ratings, new features, hot topics, and tips for donating.