2024-07-25T07:06:38-07:00 2023-12-31 060872192 Doherty Beals & Banks PC 187 Williams St New London CT 06320 990 2023-01-01 061269812 HOPE Inc HOPE 8604470812 187 Williams Street New London CT 06320 Stacey Smith Executive Dir. 2024-07-25 true Stacey Smith 999009999 true Audrey A Leone CPA P00062993 8604432033 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z Stacey Smith 187 Williams Street New London CT 06320 697559 false X www.hopenewlondon.org X 1989 CT H.O.P.E.'s mission is to provide homeownership opportunities to low to moderate income families. We seek to revitalize neighborhoods without gentrification. 12 12 2 1 0 356130 425771 74778 69081 1255 2707 -442202 -242816 -10039 254743 0 0 86675 95496 0 9786 122589 118745 209264 214241 -219303 40502 2226485 2257470 35756 18154 2190729 2239316 H.O.P.E.'s mission is to provide homeownership opportunities to low to moderate income families. We seek to revitalize neighborhoods without gentrification. false false 73758 38496 Reynard Program - Rent-to-Own Program 40806 30585 Low-Income Rentals 27255 HOPE Houses - new construction or rehabilitated homes for sale to low-income families. 141819 true true false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 2 0 true 2 true false false false false false false false 0 false false false false false false false X 12 12 true false false false false true true true false false false true true true true false false true false false X Stacey Smith 8604470812 187 Williams Street New London CT 06320 Stacey Smith Executive Dir. 35.00 0.00 X 49625 0 0 Marilyn Graham Director 0.50 0.00 X 38625 0 0 Peter Springsteel Chairman 4.00 0.00 X X 0 0 0 Chris Johnson Vice Chair 0.50 0.00 X X 0 0 0 Annette Finton Treasurer 0.50 0.00 X X 0 0 0 Helen Behney Director 0.50 0.00 X 0 0 0 Suzanne Cole Director 0.50 0.00 X 0 0 0 Keith Caplet Director 0.50 0.00 X 0 0 0 Richard Turner Director 0.50 0.00 X 0 0 0 Ned Hammond Director 0.50 0.00 X 0 0 0 Dan Brannegan Director 0.50 0.00 X 0 0 0 Sophia Senat Director 0.50 0.00 X 0 0 0 Michelle Drayton Director 0.50 0.00 X 0 0 0 88250 0 false false false Dependable Contracting Services 88 School Street Taftville CT 06380 Contracting Services 135465 Edward Fedorshak 338 Geer Road Griswold CT 06351 Contracting Services 238183 2 425771 7525 425771 Low income apartment rent 69081 69081 69081 2707 2707 0 0 0 0 0 0 200000 442816 -242816 -242816 0 254743 -173735 2707 0 0 0 0 88250 35273 45158 7819 0 0 0 0 7246 2897 3707 642 0 0 7771 2171 5600 0 0 0 0 0 6947 2055 4272 620 0 0 23073 20694 2028 351 0 0 0 0 0 40381 40071 264 46 5469 4765 600 104 Real estate taxes 18923 18923 Repairs & Maintenance 14309 14309 Telephone 1216 486 622 108 Postage and Shipping 264 105 136 23 392 70 249 73 214241 141819 62636 9786 15709 8804 998774 942202 0 0 0 0 0 333020 238388 0 1699181 631105 878982 1068076 0 0 0 0 0 2226485 2257470 35756 18154 35756 18154 X 1786563 1669201 404166 570115 2190729 2239316 2226485 2257470 40502 8085 X X false false false X 19145 19109 6300 6130 818246 868930 0 0 19145 19109 6300 6130 818246 868930 0 868930 5396 2843 1527 1255 2707 13728 0 0 882658 973000 0.98440 0.87280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63052 63052 628778 321850 306928 1005802 308309 697493 1549 946 603 1068076 Due to Tenants 18154 18154 Form 990, Part VI, Section A, Line 2 The Executive Director, Stacey Smith, who began her employment on June 1, 2023, is married to David Smith who is the owner of Dependable Contracting. Dependable Contracting has been working with H.O.P.E., Inc., for multiple years prior to Stacey Smith accepting the position of Executive Director. The Board of Directors approved Stacey Smith as Executive Director on March 2, 2023. Form 990, Part VI, Section B, Line 11b Form 990 is reviewed by the Executive Director Form 990, Part VI, Section B, Line 12c Members of the Board of Directors are aware of ongoing projects and either excuse themselves or acknowledge when a conflict of interest may exist. Form 990, Part VI, Section B, Line 15a Review Committee meets to discuss current salary and proposed changes. Review Committee then advises Board on proposed changes. Board of Directors vote on proposed salary changes. Form 990, Part VI, Section C, Line 19 Governing documents and financials are made available upon request.