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Employer Identification Number 74-2620908

FOUNDATION OF HOPE INC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:FOUNDATION OF HOPE INC
Employer identification number (EIN):74-2620908
EIN Issuing AuthorityPhiladelphia, PA
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementFoundation of Hope, Inc. (the "Organization") is a not-for-profit Corporation organized on December 2, 1991 exclusively for charitable and educational purposes as described in Section 501 (c)(3) of the Internal Revenue Code. The Organization owns a multi-family residential real estate project in Taft, Texas and rents dwellings to certain low-income tenants as required by a Land Use Restriction Agreement with the Texas Department of Housing and Community Affairs.
Number of Employees1
Number of Volunteers0
Year Formed1991

Organization Governance

Legal DomicileTX
Voting Members - Governing Body3
Voting Members - Independent3

Organization Financials

2016-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 203,845
Program Service Revenue from current yearUSD $ 190,884
Investment Income from current yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 190,884
Net assets / fund balances at end of fiscal yearUSD $ -380,372
Net assets / fund balances at beginning of fiscal yearUSD $ -240,583
Total liabilities at end of fiscal yearUSD $ 1,316,648
Total liabilities at beginning of fiscal yearUSD $ 1,221,652
Total assets at end of fiscal yearUSD $ 936,276
Total assets at beginning of fiscal yearUSD $ 981,069
Revenues less expenses for current yearUSD $ -139,789
Revenues less expenses for previous yearUSD $ -9,365
Total expenses for current yearUSD $ 330,673
Total expenses for previous yearUSD $ 213,210
Other expenses in current yearUSD $ 330,673
Other expenses in previous yearUSD $ 213,210
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 190,884
Total revenue in previous fiscal yearUSD $ 203,845
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2015-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 193,113
Program Service Revenue from current yearUSD $ 203,845
Investment Income from current yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 203,845
Net assets / fund balances at end of fiscal yearUSD $ -240,583
Net assets / fund balances at beginning of fiscal yearUSD $ -231,218
Total liabilities at end of fiscal yearUSD $ 1,221,652
Total liabilities at beginning of fiscal yearUSD $ 1,250,536
Total assets at end of fiscal yearUSD $ 981,069
Total assets at beginning of fiscal yearUSD $ 1,019,318
Revenues less expenses for current yearUSD $ -9,365
Revenues less expenses for previous yearUSD $ -36,738
Total expenses for current yearUSD $ 213,210
Total expenses for previous yearUSD $ 229,851
Other expenses in current yearUSD $ 213,210
Other expenses in previous yearUSD $ 229,851
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 203,845
Total revenue in previous fiscal yearUSD $ 193,113
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2014-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 199,708
Program Service Revenue from current yearUSD $ 193,113
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 193,113
Net assets / fund balances at end of fiscal yearUSD $ -231,218
Net assets / fund balances at beginning of fiscal yearUSD $ -194,479
Total liabilities at end of fiscal yearUSD $ 1,250,536
Total liabilities at beginning of fiscal yearUSD $ 1,258,016
Total assets at end of fiscal yearUSD $ 1,019,318
Total assets at beginning of fiscal yearUSD $ 1,063,537
Revenues less expenses for current yearUSD $ -36,738
Revenues less expenses for previous yearUSD $ 1,116
Total expenses for current yearUSD $ 229,851
Total expenses for previous yearUSD $ 198,592
Other expenses in current yearUSD $ 229,851
Other expenses in previous yearUSD $ 195,166
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 3,426
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 193,113
Total revenue in previous fiscal yearUSD $ 199,708
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 742620908

USA Mailing Address
11011 RINCON ROAD
TAFT
TX
78390
Date first seen: 2012-05-01
Date last seen: 2024-05-31

EIN Events

Event Date Event description
2020-08-11Posting of automatic revocation of federal tax exempt status for not filing Form 990 return or notice for 3 consecutive years
2020-05-15Automatic revocation of federal tax exempt status for not filing Form 990 return or notice for 3 consecutive years

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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