Hope has made a commitment to maintaining rents at an affordable rate, and we are proud that we have offset general operating expenses without outside support. The duties and operations of the department include accounting and financial reporting, cash management, accounts payable, fixed assets, debt and debt service. The affordable housing program generates revenue in the form of rental income needed to cover the operating expenses of each entity. The 990 Tax Return simply reflects Hope’s ownership percentage in each of the entities in its management portfolio, and looks different than the audited financial statements. *Important to understanding the finances of Hope Communities is the knowledge that our affordable housing program is by far our largest, containing a portfolio of four affordable rental properties (that Hope has an ownership interest in and manages). Your Trusted Team on Life and Money After battling his way out of bankruptcy and millions of dollars of debt, Dave set out to change the toxic money culture for good. He also serves as CEO for the company Ramsey Solutions. This form is used by the IRS to assess the nonprofit for its compliance with tax laws. View the 2021 Hope Communities’ 990 tax return* by clicking on the image below. FHB is a trusted financial partner with solutions to help you manage your finances for a healthy financial future. Since 1992, Dave has helped people take control of their money, build wealth and enhance their lives. This overall score is calculated from multiple beacon scores: 35 Accountability & Finance, 50 Impact & Results, 10 Leadership & Adaptability, 5 Culture & Community. If this organization aligns with your passions and values, you can give with confidence. The IRS requires all nonprofits to complete a 990 tax return. The UGA Office of Student Financial Aid will award your HOPE or Zell Miller Scholarship based on the information on file at the time of awarding. This charitys score is 85, earning it a Three-Star rating.
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