HOPE VILLAGE REVITALIZATION

EIN: 010790394 501(c)(3) Community Improvement

DETROIT, MI

Total Revenue
$1,176,790
Total Expenses
$678,243
Total Assets
$1,140,900
Net Assets
$1,098,723
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MI
Principal Officer
JEFFREY JONES
Phone
3134036230
Tax Period
2023-10-01 to 2024-09-30

HOPE VILLAGE REVITALIZATION, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $499K, a strong 42% operating margin.

Mission

PART I-LINE 1 HOPE VILLAGE REVITALIZATION IS A COMMUNITY-LED, COMMUNITY DRIVEN ORGANIZATION WHOSE MISSION IS TO MOVE THE HOPE VILLAGE NEIGHBORHOOD FORWARD IN A WAY THAT MITIGATES DISPARITIES IN WEALTH, HEALTH, PRIVILEGE AND EDUCATIONAL RESOURCES. WE PLEDGE TO COLLABORATE AND BE PART OF COLLECTIVE WORKING TOWARD EQUITABLE AND SUSTAINABLE DEVELOPMENT IN DETROIT, AND TO BE KNOWN AS A MODEL OF EXCELLENCE, INTEGRITY AND COMMUNITY DECISION MAKING.

Program Service Accomplishments

Program 1
Expenses: $504,055 Revenue: $16,012

THE ORGANIZATION FOCUSES ON THREE MAIN AREAS LISTED BELOW: FRESH AND HEALTHY FOOD ACCESS : THE ORGANIZATION PARTNERS WITH A WIDE RANGE OF ORGANIZATIONS TO BRING FRESH AND HEALTHY FOOD TO HOPE...

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THE ORGANIZATION FOCUSES ON THREE MAIN AREAS LISTED BELOW: FRESH AND HEALTHY FOOD ACCESS : THE ORGANIZATION PARTNERS WITH A WIDE RANGE OF ORGANIZATIONS TO BRING FRESH AND HEALTHY FOOD TO HOPE VILLAGE. IT OPERATES A WEEKLY FARMERS MARKET FROM JUNE - SEPTEMBER EACH YEAR AND PARTNERS WITH OTHERS TO PROVIDE FREE FRESH PRODUCE BOXES TO NEIGHBORHOOD RESIDENTS. THE ORGANIZATION IS COMMITTED TO GROWING AND EXPANDING ITS VIBRANT FARMERS MARKET TO SERVE AS A HUB OF COMMUNITY CONNECTION, RESOURCES, AND ART/CULTURAL EXPRESSION. IT IS "MORE THAN A FARMERS MARKET" - IT PROVIDES FRESH FOOD PREPARATION DEMONSTRATIONS, ACCESS TO WIDE RANGE OF RESOURCES, INCLUDING DETROIT AT WORK'S RESUME PREP AND JOB OPPORTUNITY HUB, SNAP FOOD NAVIGATION, HEALTH CARE RESOURCES SUCH AS BLOOD PRESSURE CHECKS, AND INFORMATION ABOUT A WIDE RANGE OF SUBSIDIES AND OPPORTUNITIES FOR LOW-AND MODERATE-INCOME COMMUNITY MEMBERS. THE ORGANIZATION DISTRIBUTED OVER 19,000 AND 18,600 POUNDS OF FRESH PRODUCE IN PARTNERSHIP IN PARTNERSHIP WITH EASTERN MARKET AND PARTNERSHIP AND HOSTED 13 FARMERS MARKETS IN FISCAL YEAR 2024 AND 2023 RESPECTIVELY. SUSTAINABLE, AFFORDABLE HOUSING: THE ORGANIZATION IS COMMITTED ENSURING ENERGY EFFICIENT, SUSTAINABLE, AND AFFORDABLE HOUSING FOR ALL NEIGHBORHOOD RESIDENTS. THE ORGANIZATION'S PROGRAMS IN THIS AREA ARE FOCUSED ON EXPANDING EDUCATION ABOUT AND ACCESS TO ENERGY EFFICIENCY, RENEWABLE ENERGY, RECYCLING, RAIN GARDENS AND CLIMATE RESILIENCE AMONG NEIGHBORHOOD RESIDENTS. IT IS ALSO WORKING TOWARDS THE GOAL OF CREATING ENERGY EFFICIENT, AFFORDABLE HOUSING REDEVELOPMENT FOR NEIGHBORHOOD RESIDENTS INCORPORATING ELEMENTS OF SHARED EQUITY AND LONG- TERM LEASES FOR RENTERS. IT USES ITS HEADQUARTERS BUILDING, THE LASALLE ECO-DEMONSTRATION HOME, AS AN EDUCATIONAL HUB TO PROVIDE INFORMATION REGARDING SOLAR PANELS, LED LIGHTING, ENERGY EFFICIENT WINDOWS, SUSTAINABLE FLOORING, RAINWATER GARDENS, AND POROUS PAVEMENT WALKWAYS. THE ORGANIZATION ALSO USES GRANT FUNDING TO PROVIDE MINOR EXTERIOR HOME REPAIRS FOR LOW- INCOME NEIGHBORHOOD RESIDENTS TO IMPROVE THE ENVELOPE OF THE THEIR HOMES AND PREVENT WATER INFILTRATION DAMAGE. IT PARTNERS WITH ECOWORKS TO PROVIDE ENERGY EFFICIENCY IMPROVEMENTS, INCLUDING HIGH EFFICIENCY FURNANCES, WATER HEATERS AND REFRIGERATORS TO LOW-INCOME NEIGHBORHOOD RESIDENTS. DURING FISCAL YEAR 2024, THE ORGANIZATION CONTINUED A MINOR HOME REPAIR PROGRAM TO PROVIDE NO COST ACCESS TO MUCH NEEDED HOME REPAIRS DESIGNED TO ENSURE THAT LONG TERM NEIGHBORHOOD RESIDENTS COULD ADDRESS IMPORTANT EXTERIOR BUILDING SYSTEMS SUCH AS SOFFITS, GUTTERS,DOWNSPROUTS, AND SIDING. AS OF SEPTEMBER 30, 2024, MORE THAN 140 HOMES IN AND AROUND THE NEIGHBORHOOD HAVE RECEIVED ENERGY EFFICIENCY IMPROVEMENTS. BUILDING A GREEN AND HEALTHY COMMUNINITY: THE ORGANIZATION SERVES AS A NEIGHBORHOOD CONNECTOR AND HUB IN ORDER TO EXPAND ACCESS TO OPPORTUNITY AND RESOURCES FOR NEIGHBORHOOD RESIDENTS. IT HAS LONG TRACK RECORD OF PLACEMAKING, INCLUDING CREATION OF COOL CITIES PARK ON A FORMER BROWNFIELDS SITE, SPONSORING NEIGHBORHOOD ART INSTALLATIONS, AND PROVIDING LOCAL ARTS AND CULTURE PERFORMANCES AND FESTIVALS. THROUGH FISCAL YEAR 2024, THE ORGANIZATION FACILITATED LOW- INCOME RESIDENT ACCESS TO MORE THAN 500,000 IN STATE, FEDERAL AND LOCAL - INCOME SUPPORTS. IN ADDITION, IT WORKED TO ADDRESS LACK OF RELIABLE BROADBAND INTERNET ACCESS IN THE HOPE VILLAGE AND TO ADDRESS ISSUES OF FLOODING AND REPEATED,LENGTHY ELECTRICAL OUTAGES IN THE NEIGHBORHOOD. THE ORGANIZATION CONDUCTED MULTIPLE COMMUNITY HEALTH DELIBERATIONS AND A NEIGHBORHOOD HEALTH FAIR, AND ALSO CONTINUED NEW HEALTHY HEART SELF- MONITORING BLOOD PRESSURE PROGRAMMING AS WELL AS WELLNESS WALKING CLINIC FOR NEIGHBORHOOD RESIDENTS.THE COMMUNITY HEALTH INITIATIVE, WHICH WAS STARTED IN THE FISCAL YEAR 2021, CONTINUES TO BE LED BY A COMMUNITY HEALTH ADVOCATE, WHO ENCOURAGES RESIDENTS TO ADDRESS CHALLENGES AROUND HEART AND BLOOD PRESSURE HEALTH AND ASTHMA. THE ORGANIZATION PUBLISHES WEEKLY NEWSLETTERS AND HOSTS MONTHLY NEIGHBORHOOD CALLS FOR RESIDENTS TO LEARN ABOUT AND SHARE RESOURCES, INCLUDING FOOD, MENTAL HEALTH, UNEMPLOYMENT, ANTI-EVICTION, AND OTHER RESOURCES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,153,987
Program Service Revenue $16,012
Investment Income $6,791
Other Revenue $0
TOTAL REVENUE $1,176,790

Expense Breakdown

Grants Paid $0
Salaries & Benefits $362,510
Fundraising Expenses $0
Program Expenses $504,055
Other Expenses $315,733
TOTAL EXPENSES $678,243

Year-over-Year Comparison

2023 2022 Change
Revenue $1,176,790 $783,302 +0.5%
Expenses $678,243 $560,634 +0.2%
Net Income $498,547 $222,668 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
7
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$110,639
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY JONES PRESIDENT/CE 35.00
Officer
$63,499 $0 $63,499
DEBORAH FISHER FORMER PRESI 35.00
$50,237 $0 $50,237
STEPHANIE JOHNSON-COBB SECRETARY 35.00
Officer
$47,140 $0 $47,140
ANTHONY BATISTE TRUSTEE N/A
Director
$0 $0 $0
LINDA KENT BUCHANAN TRUSTEE/BOAR N/A
Officer Director
$0 $0 $0
SONYA DELLEY TRUSTEE N/A
Director
$0 $0 $0
KHARY FRAZIER BOARD VICE C N/A
Officer Director
$0 $0 $0
ARLYSSA HEARD TRUSTEE N/A
Director
$0 $0 $0
DARYL HURLEY TREASURER N/A
Officer Director
$0 $0 $0
GREGORY JACKSON TRUSTEE N/A
Director
$0 $0 $0
BEVERLY RICHARDSON TRUSTEE N/A
Director
$0 $0 $0
BONCILE ROBINSON-YOUNG TRUSTEE N/A
Director
$0 $0 $0
THERESA SINGLETON TRUSTEE N/A
Director
$0 $0 $0
VANESSA TAYLOR TRUSTEE N/A
Director
$0 $0 $0
JUDITH WILLIAMS TRUSTEE N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,176,790 $678,243 $1,140,900 $498,547
2023 $783,302 $560,634 $631,449 $222,668
2022 $400,738 $465,462 $405,497 $-64,724
2021 $445,671 $341,819 $475,208 $103,852
2020 $297,988 $253,387 $377,075 $44,601
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