Form 990 for tax year 2023

Totals

Total revenue

$357,864

Total expenses

$420,644

Contributions and grants received

$114,854

Grants paid

$0

Program service revenue

$243,010

Investment income

$0

Other revenue

$0

Total assets, end of year

$167,585

Total liabilities, end of year

$10,344

Net assets or fund balances, end of year

$157,241

Program services expenses (Part IX)

$390,641

Management and general expenses

$28,411

Fundraising expenses

$1,592

Program service expenses (Part III)

$390,641

Program services were 92.9% 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.

Mission and programs · 2023

• JULY 2023 JUNE 2024 HOMES OF HOPE ACHIEVEMENTSHOMES OF HOPE (HOH) IS THE LEADING HOMELESS SERVICES PROVIDER IN STANLY COUNTY. WE PARTICIPATE AS MEMBERS OF THE STANLY COUNTY UNITED WAY, STANLY COUNTY PARTNERS IN HEALTH, AND OUR REGIONAL CONTINUUM OF CARE FOR NC COALITION TO END HOMELESSNESS. WE ARE THE DESIGNATED REFERRAL AGENCY FOR OUR COUNTY FOR COMMUNITY LINK, AN AGENCY BASED IN CHARLOTTE THAT OPERATES HOMELESS HOUSING FINANCIAL ASSISTANCE PROGRAMS IN SURROUNDING COUNTIES. WE ALSO PROVIDE RESOURCE EDUCATION AND HOUSING INFORMATION TO NUMEROUS AGENCIES AND INDIVIDUALS EXPERIENCING A HOUSING CRISIS. JULY 2023 JUNE 2024 HOMES OF HOPE ACHIEVEMENTSHOMES OF HOPE (HOH) IS THE LEADING HOMELESS SERVICES PROVIDER IN STANLY COUNTY. WE PARTICIPATE AS MEMBERS OF THE STANLY COUNTY UNITED WAY, STANLY COUNTY PARTNERS IN HEALTH, AND OUR REGIONAL CONTINUUM OF CARE FOR NC COALITION TO END HOMELESSNESS. WE ARE THE DESIGNATED REFERRAL AGENCY FOR OUR COUNTY FOR COMMUNITY LINK, AN AGENCY BASED IN CHARLOTTE THAT OPERATES HOMELESS HOUSING FINANCIAL ASSISTANCE PROGRAMS IN SURROUNDING COUNTIES. WE ALSO PROVIDE RESOURCE EDUCATION AND HOUSING INFORMATION TO NUMEROUS AGENCIES AND INDIVIDUALS EXPERIENCING A HOUSING CRISIS. HOH OPERATED THREE PROGRAMS DURING THE FISCAL YEAR 07/01/2023 06/30/2024 INCLUDING: TRASITIONAL HOUSING, PERMANENT SUPPORTIVE HOUSING AND OVERNIGHT EMERGENCY SHELTER AT THE COMMUNITY INN. TRANSITIONAL HOUSING OPERATES USING 11 PROPERTIES IN STANLY COUNTY, NC THAT ARE USED TO PROVIDE TEMPORARY HOUSING FOR FAMILIES/INDIVIDUALS THAT ARE HOMELESS. WE PROVIDE RENT, UTILITIES, PHONE AND FURNISHINGS FOR FAMILIES WITH THE GOAL OF BEING SELF-SUFFICIENT WITHIN 6 MONTHS. COMPREHENSIVE SKILLS AND CLASSES, INTENSE CASE MANAGEMENT, MENTORING AND RESOURCE REFERRALS ARE PROVIDED DURING THE 6 MONTH TIME. DURING THE FISCAL YEAR, WE PROVIDED TRANSITIONAL HOUSING FOR 20 FAMILIES THAT WERE EXPERIENCING HOMELESSNESS. THOSE 20 FAMILIES CONSISTS OF 25 ADULTS AND 43 CHILDREN. PERMANENT SUPPORTIVE HOUSING (PSH) IS A MODEL THAT COMBINES LOW-BARRIER AFFORDABLE HOUSING AND SUPPORTIVE SERVICES TO HELP INDIVIDUALS AND FAMILIES LEAD MORE STABLE LIVES. PSH TYPICALLY TARGETS PEOPLE WHO ARE HOMELESS OR OTHERWISE UNSTABLY HOUSED, EXPERIENCE MULTIPLE BARRIERS TO HOUSING, AND ARE UNABLE TO MAINTAIN HOUSING STABILITY WITHOUT SUPPORTIVE SERVICES. WE OPERATED 4 HOUSES THAT FIT THE PSH MODEL THAT SERVED 6 FAMILIES. THOSE FAMILIES INCLUDE 7 ADULTS AND 16 CHILDREN. THE COMMUNITY INN IS AN EMERGENCY OVERNIGHT SHELTER FACILITY THAT OPERATES DAILY FROM 6PM UNTIL 7AM. WE PROVIDE DINNER, BREAKFAST, A SHOWER, SAFE SLEEPING SPACES, RESOURCE INFORMATION AND CASE MANAGEMENT. DURING THE PAST FISCAL YEAR, WE SERVED 150 PEOPLE INCLUDING 125 ADULTS AND 25 CHILDREN AT THE COMMUNITY INN. BED STAYS AT THE SHELTER IS THE NUMBER OF BEDS THAT WERE OCCUPIED BUT INDIVIDUAL GUESTS. OUR BED STAYS FOR THE FISCAL YEAR WAS 5397. WE HAVE WORKED DILIGENTLY WITH OUR COMMUNITY RESOURCE PARTNERS TO ADDRESS UNHOUSED NEEDS IN OUR COMMUNITY. WE HAVE PARTNERED WITH STANLY COMMUNITY COLLEGE AND HAD 33 INTERN STUDENTS THAT CONTRIBUTED 120 HOURS TO MAKE HOMELESSNESS A RARE, ONE-TIME OCCURRENCE IN THE LIVES OF THE GUESTS WE SERVE. WE HELD OUR FIRST FUNDRAISER SINCE COVID19. IT WAS OUR ANNUAL BREAKFAST IN MAY OF 2024 AND SUCCESSFULLY RAISED $7500.00. HOMES OF HOPE HAD 1082 VOLUNTEERS WITH OVER 4500 HOURS OF SERVICE DURING THIS TIME.

  Expenses $390,641 · Revenue $331,646

As filed on the 2023 return.

Listed in Part VII

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

2023

Filed

30 July 2024

IRS schema version

2023v5.1

Source object

202422409349300302

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