Form 990 for tax year 2022

Filed by HOPE RENOVATIONS.

What the amendment changed

Compared with the return it replaced , filed 3 January 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed under a different title

Claire CoffeyCLAIRE COFFEY: DIRECTOR/TRE then DIRECTOR

Totals

Total revenue: $1,896,731
Total expenses: $1,400,275
Contributions and grants received: $1,575,806
Grants paid: $0
Program service revenue: $315,960
Investment income: $25
Other revenue: $4,940
Total assets, end of year: $709,125
Total liabilities, end of year: $94,687
Net assets or fund balances, end of year: $614,438
Program services expenses (Part IX): $1,031,047
Management and general expenses: $297,397
Fundraising expenses: $71,831
Program service expenses (Part III): $1,031,047

Program services were 73.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1e · Government grants (contributions)

$276,493
1f · All other contributions, gifts and grants

$1,299,313
1g · Noncash contributions included above

$36,131
2a · Program service revenue: CONSTRUCTION

total $312,960 · related or exempt $312,960
2b · Program service revenue: TRAINING

total $3,000 · related or exempt $3,000
3 · Investment income

total $25 · related or exempt $25
11a · Other revenue: LATE FEE INCOME

total $4,940 · related or exempt $4,940
11e · Other revenue, total

$4,940

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $98,269 · management and general $78,615 · fundraising $19,654
7 · Other salaries and wages

total $651,424 · program services $570,307 · management and general $58,556 · fundraising $22,561
8 · Pension plan contributions

total $16,859 · program services $14,327 · management and general $2,532
9 · Other employee benefits

total $69,343 · program services $58,934 · management and general $10,409
10 · Payroll taxes

total $52,580 · program services $39,672 · management and general $7,749 · fundraising $5,159
11a · Fees: management

total $10,000 · fundraising $10,000
11c · Fees: accounting

total $29,929 · management and general $29,929
11g · Fees: other

total $93,644 · program services $78,585 · management and general $10,259 · fundraising $4,800
12 · Advertising and promotion

total $1,438 · management and general $766 · fundraising $672
13 · Office expenses

total $13,117 · program services $5,203 · management and general $4,026 · fundraising $3,888
14 · Information technology

total $9,929 · program services $4,195 · management and general $5,734
16 · Occupancy

total $54,854 · program services $29,198 · management and general $25,656
19 · Conferences, conventions and meetings

total $9,636 · program services $9,636
20 · Interest

total $3,356 · management and general $3,356
22 · Depreciation, depletion and amortization

total $21,600 · management and general $21,600
23 · Insurance

total $74,699 · program services $55,410 · management and general $19,289
24a · Other expenses: CONSTRUCTION MATERIALS

total $86,841 · program services $86,841
24b · Other expenses: CONSTRUCTION SUPPLIES/MAT

total $27,257 · program services $27,257
24c · Other expenses: SMALL TOOLS

total $19,528 · program services $18,528 · fundraising $1,000
24d · Other expenses: IN KIND EXPENSES

total $14,508 · program services $14,458 · fundraising $50
24e · All other expenses

total $41,464 · program services $18,496 · management and general $18,921 · fundraising $4,047

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $128,219 · end of year $109,406
4 · Accounts receivable

beginning of year $76,088 · end of year $559,697
9 · Prepaid expenses and deferred charges

beginning of year $1,485 · end of year $1,615
10a · Land, buildings and equipment: cost or other basis

$78,015
10b · Land, buildings and equipment: accumulated depreciation

$65,341
10c · Land, buildings and equipment, net

beginning of year $8,753 · end of year $12,674
14 · Intangible assets

beginning of year $607 · end of year $467
15 · Other assets

beginning of year $29,301 · end of year $25,266
17 · Accounts payable and accrued expenses

beginning of year $26,961 · end of year $27,513
24 · Unsecured notes and loans payable

beginning of year $9,800 · end of year $8,447
25 · Other liabilities

beginning of year $90,110 · end of year $58,727
27 · Net assets without donor restrictions

beginning of year $117,582 · end of year $614,438

Mission and programs · 2022

Mission

WE INSPIRE HOPE IN WOMEN AND SENIORS FOR A JOYFUL AND FULFILLING FUTURE. WE DO THIS BY EMPOWERING WOMEN TO PURSUE LIVING-WAGE JOBS IN THE CONSTRUCTION TRADES VIA OUR HANDS-ON TRAINING PROGRAM, AND BY PROVIDING REPAIRS AND RENOVATIONS THAT ENABLE OLDER ADULTS TO STAY IN THEIR HOMES AS THEY AGE. OUR TRAINING PROGRAM SERVES UNEMPLOYED AND UNDEREMPLOYED WOMEN, HELPING THEM GAIN THE SKILLS THEY NEED TO WORK IN THE CONSTRUCTION TRADES, AND CONNECTING THEM TO EMPLOYERS. THIS WORK BREAKS DOWN A SIGNIFICANT GENDER BARRIER IN THE INDUSTRY WHILE HELPING WOMEN BUILD CONFIDENCE, AND PURSUE CAREERS THAT CAN ALLOW THEM TO SUPPORT THEMSELVES AND THEIR FAMILIES. OUR CONSTRUCTION PROGRAM CARRIES OUT REPAIRS, RENOVATIONS, REMODELS, MODIFICATIONS AND OTHER PROJECTS WITH A PRIMARY FOCUS ON OLDER ADULTS AND ADULTS WITH DISABILITIES WHO WISH TO AGE IN PLACE. IN ADDITION, THIS PROGRAM PROVIDES A VALUABLE ON-THE-JOB LEARNING EXPERIENCE TO OUR TRAINEES, WHO GAIN HANDS-ON EXPERIENCE ALONGSIDE OUR CREW.

Activities or mission (Part I)

WOMEN'S TRADES TRAINING PROGRAM - DURING FYE 06/30/2023,WE TRAINED 22 WOMEN AND NONBINARY FOLKS. 73% OF THOSE WENT INTO JOBS OR CONTINUING EDUCATION IN THE TRADES.

Expenses $174,147 · Revenue $3,000
AGING IN PLACE CONSTRUCTION PROGRAM - DURING FYE 06/30/2023, THE CONSTRUCTION PROGRAM COMPLETED 54 JOBS RANGING IN SIZE FROM SMALL GRAB BAR INSTALLATIONS AND SAFETY MODIFICATIONS TO LARGE BATHROOM RENOVATIONS. 75% OF HOUSEHOLDS SERVED WERE 55+ AND/OR DISABLED.

Expenses $856,900 · Revenue $312,960

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Nora E SpencerNORA E SPENCER

CEO

Total calculated

$98,269

From this org

$98,269

From related orgs

$0

Other

$0

Hours/week

60
Leah AdenijiLEAH ADENIJI

DIRECTOR

Total calculated

$0
Claire CoffeyCLAIRE COFFEY

DIRECTOR

Total calculated

$0
Cindy CovingtonCINDY COVINGTON

DIRECTOR

Total calculated

$0
Alaina GarmanALAINA GARMAN

DIRECTOR

Total calculated

$0
Jennifer HoffmanJENNIFER HOFFMAN

DIRECTOR

Total calculated

$0
Carrie NorryCARRIE NORRY

BOARD CHAIRM

Total calculated

$0
Maryah Smith-OvermanMARYAH SMITH-OVERMAN

SECRETARY

Total calculated

$0
Patricia SpriggPATRICIA SPRIGG

DIRECTOR

Total calculated

$0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 12 February 2024
IRS schema version: 2022v5.0
Source object: 202440439349301209

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