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HARD BARGAIN MT HOPE REDEVELOPMENT INC

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Public IRS 990 nonprofit record

HARD BARGAIN MT HOPE REDEVELOPMENT INC

EIN 83-0411768 · Housing Rehabilitation (L25)

What they do

THE MISSION of HARD BARGAIN ASSOCIATION is to PRESERVE THE HISTORIC HARD BARGAIN NEIGHBORHOOD BY RENOVATING EXISTING HOMES, BUILDING HIGH QUALITY AFFORDABLE HOUSING, and ENRICHING THE LIVES of OUR NEIGHBORS.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $70.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

70.1%of expenses went to mission work56.30% of revenue
11.9%of expenses went to fundraising9.60% of revenue
$80.35spent for every $100 of revenueRevenue covered expenses this year.
18.0%of expenses went to management and office costs14.40% of revenue
$4.05in assets for every $1 spent this yearSome assets cannot be spent right away.
111.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $87,737 for DERRICK SOLOMON (EXECUTIVE DI). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Where each $100 of expenses went

The first percentage is the spending mix. The second compares that amount with the charity’s revenue.

Mission workProgram services70.1% of expenses56.30% of revenue
ManagementOffice and general costs18.0% of expenses14.40% of revenue
FundraisingAsking for donations11.9% of expenses9.60% of revenue
Total expenses80.40% of revenue

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202470.1% mission
202359.5% mission
202269.7% mission
202157.2% mission
202068.6% mission
201962.6% mission
201864.3% mission
201770.8% mission

Money in and money out

Revenue$653,423
Expenses$525,057
Annual surplus $128,366 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$368,077 · 70.1% of expenses
Management and office costs$94,339 · 18.0% of expenses
Fundraising$62,641 · 11.9% of expenses
See all reported dollar amounts
Revenue$653,423
Expenses$525,057
Assets$2,126,702
Income$761,545
Contributions$726,006
Mission work (program services)$368,077
Fundraising$62,641
Management and general$94,339
Executive compensation (total)$82,800
Stocks and bonds$10,000
Accounting fees$20,142
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
DERRICK SOLOMONEXECUTIVE DI · 40 hrs/week $87,737Base $81,000 · Other $6,737

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (13)

DERRICK SOLOMONEXECUTIVE DI

ANGELA FLEMINGPRESIDENT

ANGELA GENTRY JACKSONDIRECTOR

DAVID CRANEDIRECTOR

DR DANA HARDYDIRECTOR

EMILY JENKINSDIRECTOR

EMILY KORABDIRECTOR

HOWARD SONNY KELTONDIRECTOR

KEITH DAVISDIRECTOR

KEN FARMERTREASURER

MIRELLA NEELYSECRETARY

PAM LEWISDIRECTOR

TAMARA REFFEGEEDIRECTOR

About this charity

Recognized since
January 2006
Location
PO BOX 545, FRANKLIN, TN 37065
County
Williamson
In care of
DERRICK SOLOMON
Primary officer
DERRICK SOLOMON, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
BLANKENSHIP CPA GROUP PLLC
NTEE classification
Housing Rehabilitation (L25)
IRS tax category
Housing Rehabilitation

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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