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Community Development : Housing and Neighborhood Development

Hope Enterprise Corporation

Strengthening Communities, Building Assets, Improving Lives

85.98

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 85.98
  Financial 81.46
  Accountability & Transparency 93.00
This rating was published 07/01/2021 and includes data from FY2019, 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.

Financial

81.46

Accountability & Transparency

93.00

This rating was published 07/01/2021 and includes data from FY2019, 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 21.6%
  Fundraising Expenses 7.4%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) 1.55
  Program Expenses Growth 8.0%
  Liabilities to Assets 53.7%
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) 85.98
Rising Tide Capital (NJ) 90.97
Foundation for Financial Planning (DC) 96.60
Accessity (CA) 94.74
World Business Chicago (IL) 87.18

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $11,746,741
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $11,746,741
   Program Service Revenue $3,566,946
Total Primary Revenue $15,313,687
   Other Revenue $730,942
TOTAL REVENUE $16,044,629
   
EXPENSES  
   Program Expenses $11,089,718
   Administrative Expenses $4,119,976
   Fundraising Expenses $609,614
TOTAL FUNCTIONAL EXPENSES $15,819,308
   
Payments to Affiliates $0
Excess (or Deficit) for the year $225,321
   
Net Assets $25,465,900

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
Regional Development $8,010,356 72.2%
Adorable Housing Initiative $1,265,906 11.4%
Technical Assistance $435,596 3.9%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 07/01/2021 85.98
2018-12 09/01/2020 88.78
2018-12 02/01/2020 87.76
2017-12 06/01/2019 90.98
2016-12 05/01/2018 85.64
2015-12 06/01/2017 82.66
2014-12 06/01/2016 84.22
 
CN 2.0
2014-12 04/01/2016 81.30
2013-12 03/01/2016 82.36
2013-12 07/01/2015 78.63
2012-12 03/01/2014 78.61
2011-12 08/01/2013 80.35
2010-12 07/01/2012 78.91

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
$588,243 3.71% William Bynum President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Hope Enterprise Corporation (MS) 85.98
LiftFund (TX) 85.75
Women's Business Development Center (IL) 95.47
Tides Center (CA) 97.12
Rising Tide Capital (NJ) 90.97

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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

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