HOPE ENTERPRISE CORPORATION | HOPE CREDIT UNION

JACKSON, MS | Hinds County
Community Services

Overview

HOPE ENTERPRISE CORPORATION | HOPE CREDIT UNION
64-0851798
4 OLD RIVER PLACE
JACKSON, MS 39202
Hinds County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Community Services
Nonprofit location info
  • Majority Minority Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
  • NMTC Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S20

S - Community Improvement, Capacity Building

Community & Neighborhood Development

Organizations that focus broadly on strengthening, unifying and building the economic, cultural, educational and social services of an urban community or neighborhood. Use this code for community and neighborhood improvement organizations other than those specified below.

IRS Activity Codes info
400
Area development, redevelopment of renewal
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
10/25/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2016
$900,000
CDFI Financial Assistance
2010
$4,000,000
Capital Magnet Fund
2010
$750,000
CDFI Financial Assistance
New Market Tax Credit Recipient info
Most Recent NMTC Award info
2018

$35,000,000
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$20.3M
Revenue
$16M
Assets
$55.1M
Exempt Ruling Date info
1994-10
Deductibility Status info
Deductible
Last Tax Filing info
2019
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
TN
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)

Nonprofit Location

Physical Address info
4 OLD RIVER PLACE
JACKSON, MS 39202
Hinds County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
27140
MSA/MD info
28
State info
049
County info
0027.00
Tract info
Unknown
Income Level info
Core-Based Statistical Area info
27140 - Jackson, MS
Combined Statistical Area info
298 - Jackson-Vicksburg-Brookhaven, MS
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 74.17%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0027.00 Hinds County
Population
Total Population 1,142 235,604
Total Households 917 88,832
Income
Median Family Income (Census*) $0 $45,380
Median Family Income (2022 FFIEC est.) $74,000 N/A
Tract Income Percentage 0% N/A
Below Poverty Level 36.3% 20.4%
Unemployment Level 8.8% 9.3%
Housing
Total Housing Units 1,064 104,356
Total Owner-Occupied Units 7.1% 57.9%
Total Renter-Occupied Units 79.0% 42.1%
Total Vacant Units 13.8% 10.3%
* Census tract income based on 2020 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

14
Total Voting Members
in Governing Body
info
13
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Mitchell T Wilbanks
Deputy CFO
(601) 944-1100
Principal Officer info
William Bynum
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.