Hope Community Development Association Inc in Cedar Rapids, Iowa (IA)
Table of contents:
Hope Community Development Association Inc | |
Employer Identification Number (EIN) | 272950701 |
Name of Organization | Hope Community Development Association Inc |
In Care of Name | Rod Dooley |
Address | 5925 Council Street Ne Suite 130, Cedar Rapids, IA 52402 |
Subsection | Charitable Organization |
Ruling Date | 11/2011 |
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 | 2012 |
Assets | $10,000 to $24,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $20,698 |
Amount of Income | $154,895 |
Form 990 Revenue Amount | $154,895 |
National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2012: $154,895 (it was $154,895 in 2013)
Hope Community Development Association Inc: | $154,895 |
Other organizations performing similar types of work: | $135,279 |
Assets in 2012: $20,698 (it was $20,698 in 2013)
This organization: | $20,698 |
Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $138,543
This organization: | $138,543 |
Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 1.1
Hope Community Development Association Inc: | 1.1 |
Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 0.0%
This organization: | 0.0% |
Other organizations performing similar types of work: | 8.8% |
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
2011 | 2013 | |
---|---|---|
Total revenue | $79,438 | $154,895 |
Contributions, gifts, grants, and similar amounts received | $80,136 | $0 |
Program service revenue including government fees and contracts | $0 | $154,895 |
Membership dues and assessments | $0 | $0 |
Investment income | $0 | $0 |
Gain/Loss from sale of assets other than inventory | $-698 | $0 |
Net income/loss from gaming and fundraising events | $0 | $0 |
Gross profit/loss from sales of inventory | $0 | $0 |
Other revenue | $0 | $0 |
Total expenses | $116,984 | $138,543 |
Total net assets | $-1,016 | $20,332 |
Excess/Deficit for the year | $-37,546 | $16,352 |
Net assets or fund balances at beginning of year | $36,530 | $3,980 |
Other changes in net assets or fund balances | $0 | $0 |
Net assets or fund balances at end of year | $20,332 |
Balance Sheets | ||
2011 | 2013 | |
---|---|---|
Total assets | $366 | $20,698 |
Total liabilities | $1,382 | $366 |
Net assets or fund balances | $-1,016 | $20,332 |
Other Information | ||
2011 | 2013 | |
---|---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No | |
Were any significant changes made to the organizing or governing documents? | No | |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
Has the organization filed a Form 990-T for the year? | No | |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
Amount of political expenditures, direct or indirect | $0 | |
Did the organization file Form 1120-POL for this year? | 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 | |
Total amount involved | $0 | |
Initiation fees and capital contributions | $0 | $0 |
Gross receipts for public use of club facilities | $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 | |
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
Reason for Public Charity Status (for 2013) | |
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 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public support | $259,654 |
Subtotal | $289,654 |
Gifts, grants, contributions, and membership fees received | $134,759 |
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 | $154,895 |
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 | $30,000 |
Amounts received from disqualified persons | $30,000 |
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
Total support | $289,654 |
Public support | $289,654 |
Subtotal | $0 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
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 | West River Foundation For Economic And Community Development | PO BOX 605, Sturgis, SD 57785-0605 | SD | 2000-10 | $1,093,865 |
2 | Vocational Development Center Inc | 612 S Main St, Council Blfs, IA 51503-6509 | IA | 1968-09 | $10,713,154 |
3 | Waterloo Development Corporation | 10 W 4th St Ste 310, Waterloo, IA 50701-5428 | IA | 2000-09 | $3,851,397 |
4 | Altoona Economic Development Corporation | 200 1st Ave S, Altoona, IA 50009-1704 | IA | 2010-10 | $651,587 |
5 | Technology Association Of Iowa Educational Foundation | Capitol Center Ii 500 East Court, Des Moines, IA 50309 | IA | 2008-05 | $225,880 |
6 | Moulton Economic Development Association Inc | Po Box 52, Moulton, IA 52572 | IA | 2011-07 | $166,432 |
7 | Hope Community Development Association Inc | 5925 Council Street Ne Suite 130, Cedar Rapids, IA 52402 | IA | 2011-11 | $154,895 |
8 | Shelby County Developsource | 1901 Hawkeye Ave Ste 101, Harlan, IA 51537-2425 | IA | 2002-03 | $122,752 |
9 | Northwest Iowa Economic Development Corporation | PO BOX 126, Sibley, IA 51249-0126 | IA | 2011-02 | $113,609 |
10 | Main Street Washington Inc | 205 W Main St, Washington, IA 52353-1722 | IA | 2013-03 | $97,577 |
11 | We Lead | 112 E 3rd St, West Liberty, IA 52776-1402 | IA | 2007-10 | $97,279 |
12 | Corning Community School Education Foundation | 904 8th St, Corning, IA 50841-1412 | IA | 2014-02 | $90,614 |
13 | Riverloop Association Inc | 225 Commercial St, Waterloo, IA 50701-1313 | IA | 2014-07 | $80,459 |
14 | Ogden Legacy | 513 W Walnut St, Ogden, IA 50212-7708 | IA | 2014-03 | $70,979 |
15 | Galva Economic Development Corporation | 1681 Market Ave, Galva, IA 51020 | IA | 2005-04 | $49,102 |
16 | Keokuk Vision | 501 Main Street, Keokuk, IA 52632 | IA | 2009-07 | $28,111 |
17 | Holstein Development Authority | PO BOX 500, Holstein, IA 51025-0500 | IA | 2015-01 | $4,000 |
18 | Riada Inc | 306 Audubon St, Adair, IA 50002 | IA | 2000-02 | $3,299 |
19 | Asbury Area Development Corporation | 5080 Asbury Road, Asbury, IA 52002 | IA | 1999-11 | $0 |
20 | Avoca Betterment Association | 201 N Elm St, Avoca, IA 51521-3507 | IA | 2014-11 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 3,253 |
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