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Nonprofiteer
← HOUSING FOR NEW HOPE INC

Form 990 for tax year 2022

Filed by HOUSING FOR NEW HOPE INC.

Totals

Total revenue
$3,025,908
Total expenses
$3,028,127
Contributions and grants received
$2,717,750
Grants paid
$613,261
Program service revenue
$300,336
Investment income
$7,822
Other revenue
$0
Total assets, end of year
$12,190,188
Total liabilities, end of year
$7,919,235
Net assets or fund balances, end of year
$4,270,953
Program services expenses (Part IX)
$2,460,769
Management and general expenses
$429,427
Fundraising expenses
$137,931
Program service expenses (Part III)
$2,460,769

Program services were 81.3% 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)

    $1,730,904

  • 1f · All other contributions, gifts and grants

    $986,846

  • 1g · Noncash contributions included above

    $2,521

  • 2a · Program service revenue: PROGRAM RENTAL REVENUE

    total $299,742 · related or exempt $299,742

  • 2b · Program service revenue: OTHER PROGRAM FEES

    total $594 · related or exempt $594

  • 3 · Investment income

    total $7,822 · excluded $7,822

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $613,261 · program services $613,261

  • 5 · Compensation of officers, directors and key employees

    total $145,828 · program services $59,192 · management and general $86,636

  • 7 · Other salaries and wages

    total $1,056,878 · program services $786,605 · management and general $211,356 · fundraising $58,917

  • 8 · Pension plan contributions

    total $47,466 · program services $29,290 · management and general $14,274 · fundraising $3,902

  • 9 · Other employee benefits

    total $100,038 · program services $85,128 · management and general $9,505 · fundraising $5,405

  • 10 · Payroll taxes

    total $90,631 · program services $64,395 · management and general $21,675 · fundraising $4,561

  • 11c · Fees: accounting

    total $37,500 · program services $25,727 · management and general $11,773

  • 11f · Fees: investment management

    total $1,623 · management and general $1,623

  • 11g · Fees: other

    total $35,209 · program services $26,778 · management and general $3,588 · fundraising $4,843

  • 13 · Office expenses

    total $118,566 · program services $82,241 · management and general $22,418 · fundraising $13,907

  • 16 · Occupancy

    total $110,738 · program services $107,572 · management and general $3,166

  • 17 · Travel

    total $27,672 · program services $26,525 · management and general $1,147

  • 20 · Interest

    total $37,113 · program services $37,113

  • 22 · Depreciation, depletion and amortization

    total $168,556 · program services $157,818 · management and general $10,738

  • 23 · Insurance

    total $50,709 · program services $45,888 · management and general $4,401 · fundraising $420

  • 24a · Other expenses: MAINTENANCE AND SECURIT

    total $185,491 · program services $177,737 · management and general $7,754

  • 24b · Other expenses: CONTRACTORS

    total $65,288 · program services $58,628 · fundraising $6,660

  • 24c · Other expenses: MISCELLANEOUS

    total $56,444 · program services $5,713 · management and general $11,445 · fundraising $39,286

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $49,985 · program services $49,985

  • 24e · All other expenses

    total $29,131 · program services $21,173 · management and general $7,928 · fundraising $30

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $571,160 · end of year $500,522

  • 2 · Savings and temporary cash investments

    beginning of year $651,081 · end of year $622,837

  • 3 · Pledges and grants receivable

    beginning of year $613,844 · end of year $658,053

  • 4 · Accounts receivable

    beginning of year $13,266 · end of year $23,291

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,332 · end of year $69,157

  • 10a · Land, buildings and equipment: cost or other basis

    $12,146,480

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,041,967

  • 10c · Land, buildings and equipment, net

    beginning of year $4,160,302 · end of year $10,104,513

  • 11 · Investments: publicly traded securities

    beginning of year $160,957 · end of year $168,542

  • 15 · Other assets

    beginning of year $2,759 · end of year $43,273

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,668 · end of year $27,689

  • 21 · Escrow or custodial account liability

    beginning of year $10,000 · end of year $10,000

  • 23 · Secured mortgages and notes payable

    beginning of year $1,804,577 · end of year $1,751,612

  • 25 · Other liabilities

    beginning of year $80,284 · end of year $6,129,934

  • 27 · Net assets without donor restrictions

    beginning of year $3,636,715 · end of year $3,638,385

  • 28 · Net assets with donor restrictions

    beginning of year $636,457 · end of year $632,568

Mission and programs · 2022

Mission

TO END HOMELESSNESS ONE VALUABLE PERSON AT A TIME

Activities or mission (Part I)

ENDING HOMELESSNESS IN DURHAM, NORTH CAROLINA

  • SUPPORTIVE HOUSING - SINCE 1992, HOUSING FOR NEW HOPE'S SUPPORTIVE HOUSING PROGRAMS HAVE CONNECTED DURHAM'S MOST VULNERABLE NEIGHBORS WITH HOUSING AND THE SUPPORTIVE SERVICES THEY NEED TO REMAIN STABLY HOUSED.HOUSING OPPORTUNITIES AND SERVICES ARE DESIGNED TO SUPPORT THE SPECIFIC NEEDS OF INDIVIDUALS CLIENTS. HNH OFFERS SHORT-TERM (24 MONTHS OR LESS) COMMUNITY-BASED OPTIONS FOR THOSE WITH FEWER BARRIERS TO HOUSING STABILITY. THIS PROGRAM, TRADITIONALLY KNOWN AS "RAPID REHOUSING," SERVES MORE THAN 200 PEOPLE ANNUALLY. FOR THOSE EXPERIENCING LONG-TERM HOMELESSNESS AND STRUGGLING WITH A DISABLING CONDITION, HNH OFFERS LONG-TERM PROGRAMS INCLUDING A CAMPUS- BASED OPTION AT WILLIAMS SQUARE AND ANDOVER APARTMENTS, ALONG WITH COMMUNITY-BASED OPTIONS IN PARTNERSHIP WITH OVER 30 PRIVATE LANDLORDS.

    Expenses $1,864,883 · Grants $611,844 · Revenue $164,386

  • AFFORDABLE HOUSING - FOR OVER 25 YEARS, HNH HAS EXPANDED AFFORDABLE HOUSING OPTIONS IN OUR COMMUNITY BY DEVELOPING AND PRESERVING RESIDENTIAL COMMUNITIES FOR INDIVIDUALS AND FAMILIES EARNING LESS THAN 50% OF THE AREA'S MEDIAN INCOME.FAMILIES AND INDIVIDUALS BENEFIT FROM STABLE AND AFFORDABLE HOUSING AT COLE MILL PLACE, A PROPERTY OFFERING 2 & 3-BEDROOM APARTMENTS, AND HOLLOWAY PLACE, A SEVEN-UNIT CO-HOUSING OPTION FOR SINGLE WOMEN. THE RECENTLY ACQUIRED CARVER CREEK APARTMENTS IS CURRENTLY OPERATING AS AFFORDABLE HOUSING BUT WILL TRANSITION TO SUPPORTIVE HOUSING IN COMING YEARS.

    Expenses $222,554 · Revenue $135,950

  • STREET OUTREACH - HOUSING FOR NEW HOPE'S STREET OUTREACH TEAM LEADS DURHAM'S EFFORTS TO CONNECT WITH THE UNSHELTERED POPULATION IN RESPONSE TO REFERRALS FROM BUSINESSES, GOVERNMENT PARTNERS, COMMUNITY MEMBERS, AND OTHER HOUSING ASSISTANCE AGENCIES. HNH TAKES THE FIRST STEP IN CONNECTING WITH OUR MOST VULNERABLE NEIGHBORS WITH THE GOAL OF CONNECTING INDIVIDUALS AND FAMILIES TO HOUSING AND SUPPORTIVE SERVICES.

    Expenses $373,332 · Grants $1,417

As filed on the 2022 return.

Listed in Part VII

  • Erica Maddox

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Thomas Williams

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Chris Breslin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rev Bob Kaynor

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dawn Bland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lizzy Hazeltine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jarvis Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Chris Tuttle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Derek Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kay Ferguson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Angela Holmes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Marko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Russell Pierce

    EXECUTIVE DIRECTOR

    Total calculated
    $123,619
    From this org
    $110,723
    From related orgs
    $0
    Other
    $12,896
    Hours/week
    45

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
10 June 2024
IRS schema version
2022v5.0
Source object
202411639349300301

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