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Nonprofiteer
← HOUSING FOR NEW HOPE INC

Form 990 for tax year 2024

Filed by HOUSING FOR NEW HOPE INC.

Totals

Total revenue
$3,792,151
Total expenses
$3,774,131
Contributions and grants received
$2,971,944
Grants paid
$633,183
Program service revenue
$791,639
Investment income
$28,568
Other revenue
$0
Total assets, end of year
$12,147,363
Total liabilities, end of year
$7,626,414
Net assets or fund balances, end of year
$4,520,949
Program services expenses (Part IX)
$3,266,239
Management and general expenses
$391,898
Fundraising expenses
$115,994
Program service expenses (Part III)
$3,266,239

Program services were 86.5% 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)

    $2,176,360

  • 1f · All other contributions, gifts and grants

    $795,584

  • 1g · Noncash contributions included above

    $3,578

  • 2a · Program service revenue: PROGRAM RENTAL REVENUE

    total $788,918 · related or exempt $788,918

  • 2b · Program service revenue: OTHER PROGRAM FEES

    total $2,721 · related or exempt $2,721

  • 3 · Investment income

    total $27,416 · excluded $27,416

  • 7a · Gross sales of assets other than inventory

    securities $1,152

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $1,152

  • 7d · Net gain or loss

    total $1,152 · excluded $1,152

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $633,183 · program services $633,183

  • 5 · Compensation of officers, directors and key employees

    total $120,385 · program services $73,435 · management and general $46,950

  • 7 · Other salaries and wages

    total $1,234,053 · program services $1,021,664 · management and general $148,538 · fundraising $63,851

  • 8 · Pension plan contributions

    total $26,287 · program services $24,680 · management and general $205 · fundraising $1,402

  • 9 · Other employee benefits

    total $112,379 · program services $108,201 · management and general $2,997 · fundraising $1,181

  • 10 · Payroll taxes

    total $99,795 · program services $80,977 · management and general $13,936 · fundraising $4,882

  • 11c · Fees: accounting

    total $52,754 · management and general $52,754

  • 11f · Fees: investment management

    total $1,849 · management and general $1,849

  • 11g · Fees: other

    total $122,594 · program services $72,768 · management and general $35,396 · fundraising $14,430

  • 12 · Advertising and promotion

    total $13,262 · program services $3,903 · management and general $6,509 · fundraising $2,850

  • 13 · Office expenses

    total $9,164 · program services $4,098 · management and general $4,030 · fundraising $1,036

  • 14 · Information technology

    total $108,569 · program services $81,940 · management and general $19,783 · fundraising $6,846

  • 16 · Occupancy

    total $413,320 · program services $398,115 · management and general $13,676 · fundraising $1,529

  • 17 · Travel

    total $8,573 · program services $7,920 · management and general $545 · fundraising $108

  • 20 · Interest

    total $35,609 · program services $34,901 · management and general $708

  • 22 · Depreciation, depletion and amortization

    total $283,102 · program services $273,888 · management and general $9,214

  • 23 · Insurance

    total $69,967 · program services $61,240 · management and general $8,727

  • 24a · Other expenses: MAINTENANCE AND SECURIT

    total $343,983 · program services $343,745 · management and general $238

  • 24b · Other expenses: MISCELLANEOUS

    total $33,095 · program services $11,279 · management and general $18,447 · fundraising $3,369

  • 24c · Other expenses: STAFF TRAINING

    total $21,180 · program services $15,627 · management and general $5,553

  • 24d · Other expenses: FUNDRAISING

    total $15,349 · program services $839 · fundraising $14,510

  • 24e · All other expenses

    total $15,679 · program services $13,836 · management and general $1,843

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $608,187 · end of year $357,444

  • 2 · Savings and temporary cash investments

    beginning of year $765,646 · end of year $1,381,209

  • 3 · Pledges and grants receivable

    beginning of year $641,556 · end of year $370,349

  • 4 · Accounts receivable

    beginning of year $30,140 · end of year $49,629

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,798 · end of year $183,753

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

    $12,181,010

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

    $2,607,796

  • 10c · Land, buildings and equipment, net

    beginning of year $9,847,472 · end of year $9,573,214

  • 12 · Investments: other securities

    beginning of year $178,637 · end of year $191,118

  • 15 · Other assets

    beginning of year $51,650 · end of year $40,647

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,262 · end of year $28,537

  • 19 · Deferred revenue

    beginning of year $0 · end of year $226,514

  • 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 $1,697,610 · end of year $1,642,432

  • 25 · Other liabilities

    beginning of year $5,918,883 · end of year $5,718,931

  • 27 · Net assets without donor restrictions

    beginning of year $3,726,423 · end of year $3,893,995

  • 28 · Net assets with donor restrictions

    beginning of year $768,908 · end of year $626,954

Mission and programs · 2024

Mission

PREVENTING AND ENDING HOMELESSNESS, ONE VALUABLE PERSON AT A TIME.

  • COMMUNITY BASED SUPPORTIVE HOUSING HNH'S COMMUNITY-BASED SUPPORTIVE HOUSING PROGRAMS SERVE INDIVIDUALS AND FAMILIES WHO FACE BARRIERS TO HOUSING STABILITY THROUGH A RANGE OF SHORT-TERM AND LONG-TERM HOUSING OPTIONS INTEGRATED THROUGHOUT THE COMMUNITY. IN PARTNERSHIP WITH MORE THAN 50 PRIVATE LANDLORDS ACROSS DURHAM AND THE SURROUNDING AREA, HOUSING FOR NEW HOPE HELPS PARTICIPANTS SECURE SAFE, AFFORDABLE HOUSING. HOUSING NAVIGATORS SUPPORT PARTICIPANTS IN LOCATING AND OBTAINING HOUSING, WHILE HOUSING STABILITY COORDINATORS CONNECT RESIDENTS TO SERVICES AND RESOURCES THAT PROMOTE LONG-TERM HOUSING STABILITY AND WELL-BEING.

    Expenses $1,621,324 · Grants $628,882

  • CAMPUS BASED SUPPORTIVE HOUSINGHNH'S CAMPUS-BASED SUPPORTIVE HOUSING PROGRAMS SERVE INDIVIDUALS WHO FACE COMPLEX BARRIERS TO LONG-TERM HOUSING STABILITY AND BENEFIT FROM LIVING IN A COMMUNITY WITH INTEGRATED, ON-SITE SERVICES. ANDOVER APARTMENTS IN DOWNTOWN DURHAM AND WILLIAMS SQUARE APARTMENTS ON THE WILLIAMS SQUARECARVER CREEK CAMPUS PROVIDE PERMANENT SUPPORTIVE HOUSING FOR INDIVIDUALS EXITING LONG-TERM HOMELESSNESS AND LIVING WITH DISABLING CONDITIONS. RESIDENTS LIVE IN EFFICIENCY APARTMENTS AND HAVE ACCESS TO ON-SITE SERVICES THAT SUPPORT HOUSING STABILITY, HEALTH, AND WELL-BEING. HOUSING STABILITY COORDINATORS WORK CLOSELY WITH RESIDENTS TO CONNECT THEM TO HEALTHCARE, INCOME SUPPORTS, BEHAVIORAL HEALTH SERVICES, AND OTHER RESOURCES THAT HELP THEM MAINTAIN STABLE HOUSING AND IMPROVE QUALITY OF LIFE.

    Expenses $579,110 · Revenue $229,851

  • AFFORDALE HOUSINGHNH'S AFFORDABLE HOUSING COMMUNITIES SERVE INDIVIDUALS AND FAMILIES EARNING LESS THAN 50% OF THE AREA MEDIAN INCOME AND PROVIDE STABLE, AFFORDABLE HOUSING THAT PROMOTES LONG-TERM HOUSING SECURITY AND WELL-BEING. THROUGH PROPERTIES INCLUDING COLE MILL PLACE, WHICH OFFERS TWO- AND THREE-BEDROOM APARTMENTS, AND CARVER CREEK APARTMENTS, RESIDENTS HAVE ACCESS TO QUALITY HOUSING WITHIN SUPPORTIVE COMMUNITIES. CARVER CREEK APARTMENTS CURRENTLY OPERATES AS AFFORDABLE HOUSING AND IS EXPECTED TO TRANSITION TO SUPPORTIVE HOUSING IN THE COMING YEARS, EXPANDING ACCESS TO SERVICES AND RESOURCES THAT HELP RESIDENTS MAINTAIN HOUSING STABILITY AND IMPROVE QUALITY OF LIFE.

    Expenses $725,770 · Revenue $561,788

  • STREET OUTREACHHOUSING FOR NEW HOPE'S STREET OUTREACH TEAM LED DURHAM'S EFFORTS TO CONNECT WITH THE UNSHELTERED POPULATION IN RESPONSE TO REFERRALS FROM BUSINESSES, GOVERNMENT PARTNERS, COMMUNITY MEMBERS, AND OTHER HOUSING ASSISTANCE AGENCIES FOR MORE THAN 20 YEARS. IN 2025, THE AGENCY TRANSITIONED OUT OF ACTIVE IMPLEMENTATION OF STREET OUTREACH PROGRAMMING AND IS SUPPORTING THE CITY IN ITS EFFORTS TO STAND UP A NEW TEAM WHILE ALSO SERVING AS FISCAL AGENT AND STRATEGIC ADVISOR TO THE CENTRAL PINES REGIONAL COUNCIL-LED STREET MEDICINE PILOT PROJECT.

    Expenses $340,035 · Grants $4,301

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Derek Williams

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rev Bob Kaynor

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Thomas Williams

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Erica Maddox

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Nicole Schramm-Sapyta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Carmella Labianca

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Styron Howze

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Emily Herndon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Martha Arango

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Marko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Angela Holmes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Chris Tuttle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jarvis Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lizzy Hazeltine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Russell Pierce

    EXECUTIVE DIRECTOR

    Total calculated
    $123,240
    From this org
    $109,156
    From related orgs
    $0
    Other
    $14,084
    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
2024
Filed
18 June 2026
IRS schema version
2024v5.5
Source object
202641809349300344

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