Urban Hope is a 501(c)(3) community development corporation committed to the holistic health of the East End of Richmond. The primary focus of Urban Hope is to partner with low-income families who seek affordable rental housing and/or homeownership. Urban Hope oversees the rental and homeownership processes from beginning to end. Staff and volunteers supervise the acquisition, construction and renovation of affordable housing, provide financial counseling, and support qualifying families as they continue to seek to thrive in, stay in, and lead in their community. Practical and emotional support is provided through connected neighboring and trauma-informed financial counseling – both of which play an integral role in the Urban Hope model. Urban Hope is working in the geographic area of the East End. Through Urban Hope's support, especially in a rapidly changing neighborhood, affordable rental housing and equitable access to homeownership can be the needed stability for a family to realize opportunity gains in education, health, and economic flourishing.
Current Fiscal Year |
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| Projected Revenue | $430,000.00 |
| Projected Expenses | $430,000.00 |
Financial Summary |
Revenue vs. Expenses
Expenses Breakdown
Financial Documents |
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| Click on a Document to View/Download | |
Form 990(s) |
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| Form 990 | 2018 |
| Form 990 | 2017 |
| Form 990 | 2016 |
Audit Documents |
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| Audit Document | 2018 |
| Audit Document | 2017 |
| Audit Document | 2016 |
IRS Tax Exemption Document |
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| IRS Tax Exemption |
Detailed Financials |
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Revenue and Expenses |
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| Fiscal Year | 2016 | 2018 | 2019 |
|---|---|---|---|
| Total Revenue | $101,267.00 | $331,935.00 | $429,658.00 |
| Total Expenses | $91,772.00 | $210,567.00 | $245,163.00 |
Expense Allocation
| Fiscal Year | 2016 | 2018 | 2019 |
|---|---|---|---|
| Program Expense | $86,705.00 | $191,478.00 | $185,080.00 |
| Administration Expense | $3,756.00 | $18,789.00 | $32,531.00 |
| Fundraising Expense | $1,311.00 | $300.00 | $27,552.00 |
| Payments to Affiliates | --- | --- | --- |
| Total Revenue / Total Expenses | 1.1 | 1.58 | 1.75 |
| Program Expense / Total Expenses | 94.5% | 90.9% | 75.5% |
| Fundraising Expense / Total Expenses | 1.4% | 0.1% | 11.2% |
Assets and Liabilities
| Fiscal Year | 2016 | 2018 | 2019 |
|---|---|---|---|
| Total Assets | $67,218.00 | $707,861.00 | $1,593,782.00 |
| Total Liabilities | --- | $482,000.00 | $1,226,722.00 |
| Total Net Assets | $67,218.00 | $225,861.00 | $367,060.00 |
Solvency
| Fiscal Year | 2016 | 2018 | 2019 |
|---|---|---|---|
| Solvency Ratio: Total Liabilities / Total Assets | --- | 68.09% | 76.97% |
