Hope United Community Development Corporation is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 2004, with $86,785 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$87K
▼ 7.4% vs prior year
Education median: $200K
Expenses (FY2024)
$72K
Net assets
$43K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Hope United Community Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hope United Community Development Corporation: 7 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Hope United Community Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hope United Community Development Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $486K (FY2021) to $87K (FY2024) across 4 reported years.
Financial snapshot
Operating margin
16.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$44K
Total liabilities
$97
Net assets
$43K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $86,785▼7.4% | $72,087▼63.9% | $43,450▲31.5% | $43,547▲23.5% | 990EZ |
| 2023 | $93,754▼67.4% | $199,649▼9.5% | $33,041▼76.2% | $35,250▼76.4% | 990 |
| 2022 | $287,756▼40.8% | $220,683▼58.5% | $138,936▲93.3% | $149,229▲35.2% | 990 |
| 2021 | $486,160 | $531,293 | $71,863 | $110,396 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
15 grants to Hope United Community Development Corporation totaling $317K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation For Southeast Michigan | Religion-related program | 2022 | $100,000 |
| National Christian Charitable Foundation | Growth | 2022 | $30,750 |
| National Christian Charitable Foundation | Growth | 2022 | $30,750 |
| National Christian Charitable Foundation | Growth | 2021 | $7,000 |
| National Christian Charitable Foundation | Growth | 2020 | $6,300 |
| Saint Paul & Minnesota Foundation | Multiple grants | 2019 | $20,000 |
| National Christian Charitable Foundation | Growth | 2019 | $6,000 |
| National Christian Charitable Foundation | Growth | 2018 | $5,500 |
| National Christian Charitable Foundation | Growth | 2017 | $22,300 |
| National Christian Charitable Foundation | Human services | 2016 | $15,700 |
| Minneapolis Foundation | Career linkage and support services | 2015 | $26,000 |
| Saint Paul & Minnesota Foundation | Multiple grants for multiple purposes | 2015 | $10,000 |
| National Christian Charitable Foundation | Human services | 2015 | $4,900 |
| Minneapolis Foundation | Ncrt career linkage and support services (class) | 2014 | $30,000 |
| National Christian Charitable Foundation | Human services | 2014 | $1,750 |
Explore more
Data for Hope United Community Development Corporation (EIN 20-0875964) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.