Charity profile · Historical source record

Hope Enterprise Corporation

Historical collection: May 2019 · Rating details mostly from 2017. Source & context

The mission

What this organization describes

Strengthening Communities, Building Assets, Improving Lives
HOPE is a private, nonprofit community development financial institution (CDFI), that provides commercial financing, mortgage loans and technical assistance to support businesses, entrepreneurs, home buyers and community development projects. HOPE's mission is to strengthen communities, build assets and improve lives of people in economically distressed areas of Arkansas, Louisiana, Mississippi, and Memphis, Tennessee. HOPE also sponsors Hope Credit Union, which provides a range of financial products and services that meet the needs of low- and moderate-income residents in its four-state service area. Since 1994, HOPE has generated over $1 billion in financing for entrepreneurs, homebuyers and community development projects, and assisted more than 40,000 individuals in low-income communities throughout the Mid South.

Mission and tagline reproduced from the source record.

Historical scorecard

Three perspectives. One record.

85.64Overall score
out of 100
82.93Financial score
out of 100
89.00Accountability & transparency
out of 100

These are the dataset’s historical numeric fields, not a current rating or a new DonorAPI.com assessment. Read the score context ↗

Financial context

Revenue, expenses, and composition

Total revenue · USD$16,908,854
Total expenses · USD$12,625,698

Program expenses

$9,279,888.03 recorded amount
73.5%

Fundraising expenses

$757,541.88 recorded amount
6.0%

Administrative expenses

$2,575,642.39 recorded amount
20.4%
Fundraising efficiency
$0.04 spent per $1 raised in donations, as defined in the source.

Expense shares are displayed as percentages. Component amounts in this collection match total expenses multiplied by the source ratios; rounding can leave a small difference from the total. The source does not supply a row-specific fiscal year. Field definitions ↗

Historical leadership record

The leadership information supplied

Recorded leader
William Bynum
Recorded compensation
$358,056.00
Recorded compensation percentage
2.83%

These fields do not establish the current officeholder or current compensation. The metadata does not specify the denominator of the leader compensation percentage. Read with context ↗

Inspect all 23 original source fields

Exact source strings are retained below, including numeric precision. A blank value is marked as not reported; zero remains zero.

All 23 original fields for Hope Enterprise Corporation
Source fieldOriginal source value
ascore
Accountability & transparency score
89.0
category
Category
Community Development
description
Mission & description
HOPE is a private, nonprofit community development financial institution (CDFI), that provides commercial financing, mortgage loans and technical assistance to support businesses, entrepreneurs, home buyers and community development projects. HOPE's mission is to strengthen communities, build assets and improve lives of people in economically distressed areas of Arkansas, Louisiana, Mississippi, and Memphis, Tennessee. HOPE also sponsors Hope Credit Union, which provides a range of financial products and services that meet the needs of low- and moderate-income residents in its four-state service area. Since 1994, HOPE has generated over $1 billion in financing for entrepreneurs, homebuyers and community development projects, and assisted more than 40,000 individuals in low-income communities throughout the Mid South.
ein
EIN
64-0851798
tot_exp
Total expenses
12625698.0
admin_exp_p
Administrative expense fraction
0.204
fund_eff
Fundraising efficiency ($ per $1 raised)
0.04
fund_exp_p
Fundraising expense fraction
0.06
program_exp_p
Program expense fraction
0.735
fscore
Financial score
82.93
leader
Recorded leader
William Bynum
leader_comp
Recorded leader compensation
358056.0
leader_comp_p
Recorded leader compensation fraction
0.028300000000000002
motto
Tagline
Strengthening Communities, Building Assets, Improving Lives
name
Charity name
Hope Enterprise Corporation
tot_rev
Total revenue
16908854.0
score
Overall score
85.64
state
State code
MS
subcategory
Subcategory
Housing and Neighborhood Development
size
Source size label
mid
program_exp
Program expenses
9279888.03
fund_exp
Fundraising expenses
757541.88
admin_exp
Administrative expenses
2575642.392

Source: Charity Navigator Scores Expenses Dataset, version 1, attributed to katyjqian on Kaggle. Collection: May 2019; rating details mostly from 2017. Read attribution, scope, and reuse notes.