Nonprofit · EIN 87-3806971
1231-1235 GOOD HOPE ROAD INC
Tax-exempt · WASHINGTON, DC 20018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $334,807 | $198,904 | $135,903 | $8,130,267 | $4,437,616 | $3,692,651 |
| December 31, 2024 | 990 | $135,004 | $1,315,288 | -$1,180,284 | $7,804,212 | $4,247,177 | $3,557,035 |
| December 31, 2023 | 990 | $3,758,184 | $136,606 | $3,621,578 | $10,931,642 | $6,224,906 | $4,706,736 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $275,215
- Program service revenue
- $0
- Investment income
- $59,592
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $59,246
- Salaries, compensation and benefits (total)
- $71,327
- Professional fundraising fees
- $0
- Accounting fees
- $6,000
- Depreciation
- $117,073
- Program services (functional)
- $198,904
Balance sheet and other
- Total assets, start of year
- $7,804,212
- Total assets, end of year
- $8,130,267
- Total liabilities, end of year
- $4,437,616
- Net assets, end of year
- $3,692,651
- Land, buildings and equipment
- $5,985,454
- Net assets without donor restrictions
- $1,692,651
- Net assets with donor restrictions
- $2,000,000
- Gross receipts
- $334,807
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2021
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHANNAN HERBERT | BOARD CHAIR AND CEO Officer | 2 | $0 | $251,622 | $37,587 |
| JOHN MCLEAN | CHIEF FINANCIAL OFFICER Officer | 2 | $0 | $126,440 | $13,541 |
| MICHAEL JOHNS | SECRETARY, DIR, PROJECT MGR., REAL ESTATE Trustee or director | 2 | $0 | $85,844 | $8,734 |
| ANNE MORRISON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAWNN LEARY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHANNAN HERBERT | CHIEF EXECUTIVE OFFICER Officer | 2 | $0 | $209,947 | $23,544 |
| KEVIN FRYATT | CFOO & CO-INTERIM CEO UNTIL 5/3/24 Trustee or director, Officer | 2 | $0 | $82,837 | $11,988 |
| ANNE MORRISON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAWNN LEARY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVIN FRYATT | DIRECTOR, CO-INTERIM CEO OF WACIF Trustee or director, Officer | 2 | $0 | $160,755 | $90,593 |
| DAWNN LEARY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ANNE MORRISON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2012 RHODE ISLAND AVE NE, WASHINGTON, DC 20018-2835
- In care of
- % KEVIN FRYATT
- Principal officer (990 for 2025)
- SHANNAN HEBERT, 2012 RHODE ISLAND AVENUE NE, WASHINGTON, DC 20018
- Signed the 990
- SHANNAN HEBERT, BOARD CHAIR AND CEO
- Phone
- (202) 529-5505
- Return prepared by
- MITCHELL & TITUS LLP
Mission
TO INTEGRALLY SUPPORT THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, THE WASHINGTON AREA COMMUNITY INVESTMENT FUND, INC (WACIF).
Program accomplishments
- 1231-1235 GOOD HOPE ROAD, INC. (THE CORPORATION) ACQUIRED SAID PROPERTY FOR THE PURPOSE OF CREATING A HUB FOR INCLUSIVE ENTREPRENEURSHIP, LEVERAGING MULTIPLE SOURCES OF CAPITAL, INCLUDING THE NEW MARKETS TAX CREDITS (NMTC) PROGRAM, TO DESIGN, CONSTRUCT, AND EQUIP, OPERATE AND MAINTAIN COMMERCIAL, OFFICE, AND RETAIL SPACE IN THE WARD 8 COMMUNITY OF WASHINGTON, D.C. BY SEEKING QUALIFICATION AS A "QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS" UNDER SECTION 45D OF THE CODE. THE CORPORATION INTENDS TO CARRY ON THE CONSTRUCTION, DEVELOPMENT, AND EQUIPPING OF THE PROJECT.Expenses $198,904
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-3806971
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $8,130,267
- Income (IRS master file)
- $334,807
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $334,807 | $198,904 | $8,130,267 | XML |
| 990 | December 2024 | $135,004 | $1,315,288 | $7,804,212 | XML |
| 990 | December 2023 | $3,758,184 | $136,606 | $10,931,642 | XML |
| 990 | December 2022 | $188,200 | $209,071 | $6,483,142 | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-3806971).
Questions about 1231-1235 GOOD HOPE ROAD INC
- What is the EIN of 1231-1235 GOOD HOPE ROAD INC?
- The employer identification number (EIN) of 1231-1235 GOOD HOPE ROAD INC is 87-3806971.
- Is 1231-1235 GOOD HOPE ROAD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to 1231-1235 GOOD HOPE ROAD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does 1231-1235 GOOD HOPE ROAD INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 1231-1235 GOOD HOPE ROAD INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 1231-1235 GOOD HOPE ROAD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of 1231-1235 GOOD HOPE ROAD INC?
- The 990 for the year ended December 31, 2025 names SHANNAN HEBERT.
- Who are the officers and directors of 1231-1235 GOOD HOPE ROAD INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does 1231-1235 GOOD HOPE ROAD INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $334,807, expenses of $198,904 and total assets of $8,130,267 at year end.
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All nonprofits in WASHINGTON · District of Columbia · Community improvement and capacity building