Hope Village Revitalization

What it reported doing in 2024

The organization focuses on three main areas listed below: fresh and healthy food access : the organization partners with a wide range of organizations to bring fresh and healthy food to hope village. It operates a weekly farmers market from june - september each year and partners with others to provide free fresh produce boxes to neighborhood residents. The organization is committed to growing and expanding its vibrant farmers market to serve as a hub of community connection, resources, and art/cultural expression. It is "more than a farmers market" - it provides fresh food preparation demonstrations, access to wide range of resources, including detroit at work's resume prep and job opportunity hub, snap food navigation, health care resources such as blood pressure checks, and information about a wide range of subsidies and opportunities for low-and moderate-income community members. The organization distributed over 9,000 and 19,000 pounds of fresh produce in partnership in partnership with eastern market in fiscal year 2025 and 2024 respectively. Farmers market vendors reported over 7,000 in sales, supporting local businesses. Sustainable, affordable housing: the organization is committed ensuring energy efficient, sustainable, and affordable housing for all neighborhood residents. The organization's programs in this area are focused on expanding education about and access to energy efficiency, renewable energy, recycling, rain gardens and climate resilience among neighborhood residents. In fiscal year 2025 the organization gained the site control of two vacant apartment buildings and it was selected as an emerging developer partner for an intergenerational residential development in a nearby neighborhood. It is also working towards the goal of creating energy efficient, affordable housing redevelopment for neighborhood residents incorporating elements of shared equity and long-term leases for renters. It uses its headquarters building, the lasalle eco-demonstration home, as an educational hub to provide information regarding solar panels, led lighting, energy efficient windows, sustainable flooring, rainwater gardens, and porous pavement walkways. The organization also uses grant funding to provide minor home repairs for low-income neighborhood residents to improve the building envelope, accessibility and visitability of the their homes. During fiscal year 2025, the organization invested 67,000 in essential home repairs to 6 hope village homes and substantially completed energy efficiency upgrades to 8 additional homes, investing 300,000 in those residences. During fiscal year 2024, the organization facilitated the installation of a number of new residential dual fuel heat pump systems in hope village homes. It has also completed minor home repairs including gutter and downspout replacement, porch/sidewalk repair or replacement, and/or siding installation for 5 neighborhood homes. The organization was successful in the first round of the highly competitive national department of energy buildings upgrade prize in 2023- 2024, winning a 400,000 prize to help the organization along with its collaborative partners reach the goal of bringing energy efficiency upgrades to up to 100 buildings in detroit and highland park. Building a green and healthy communinity: the organization serves as a neighborhood connector and hub in order to expand access to opportunity and resources for neighborhood residents. It has long track record of placemaking, including creation of cool cities park on a former brownfields site, sponsoring neighborhood art installations, and providing local arts and culture performances and festivals. During fiscal year 2025 and 2024, the organization facilitated resident access to over than 240,000 and 200,000, respectively, in state, federal and local direct benefits. In addition, in fiscal year 2025, it served as a co-covener with detroit is different to host a city of detroit candidates forum in hope village to

Financial Efficiency

• Mission deployment rate: 83%; rating input score 83
• Program expense ratio: 84.7%; rating input score 85
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 2.6%; rating input score 44; 44th percentile among comparable filings
• Total-asset coverage ratio: 1.21; rating input score 49; 49th percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 57; 57th percentile among comparable filings
• Officer compensation ratio: 11.4%; rating input score 32; 32nd percentile among comparable filings

Growth

• Program expense growth: 26.3% per year; rating input score 100; 88th percentile among comparable filings
• Revenue growth: 24.7% per year; rating input score 100; 89th percentile among comparable filings
• Asset growth: 11% per year; rating input score 100; 62nd percentile among comparable filings