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Nonprofiteer
← HOMES OF HOPE INC

Form 990 for tax year 2022

Filed by HOMES OF HOPE INC.

Totals

Total revenue
$382,911
Total expenses
$413,207
Contributions and grants received
$109,222
Grants paid
$0
Program service revenue
$272,770
Investment income
$0
Other revenue
$919
Total assets, end of year
$235,911
Total liabilities, end of year
$15,890
Net assets or fund balances, end of year
$220,021
Program services expenses (Part IX)
$387,529
Management and general expenses
$24,370
Fundraising expenses
$1,308
Program service expenses (Part III)
$387,529

Program services were 93.8% 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)

    $109,222

  • 2a · Program service revenue: PUBLIC SUPPORT

    total $249,281 · related or exempt $249,281

  • 2b · Program service revenue: PROGRAM SERVICE

    total $23,489 · related or exempt $23,489

  • 11a · Other revenue: SALES TAX REFUNDS

    total $919 · related or exempt $919

  • 11b · Other revenue: INSURANCE RECOVERY

  • 11e · Other revenue, total

    $919

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $55,296 · program services $50,566 · management and general $3,628 · fundraising $1,102

  • 7 · Other salaries and wages

    total $184,749 · program services $173,665 · management and general $11,084

  • 10 · Payroll taxes

    total $17,709 · program services $16,558 · management and general $1,062 · fundraising $89

  • 11c · Fees: accounting

    total $3,827 · management and general $3,827

  • 11g · Fees: other

    total $1,580 · program services $1,580

  • 16 · Occupancy

    total $87,233 · program services $87,233

  • 17 · Travel

    total $8,364 · program services $8,364

  • 19 · Conferences, conventions and meetings

    total $1,394 · program services $1,394

  • 20 · Interest

    total $1,026 · program services $1,026

  • 22 · Depreciation, depletion and amortization

    total $8,772 · program services $8,772

  • 23 · Insurance

    total $11,216 · program services $7,851 · management and general $3,365

  • 24a · Other expenses: TELEPHONE & INTERNET

    total $4,756 · program services $3,948 · management and general $713 · fundraising $95

  • 24b · Other expenses: POSTAGE AND SHIPPING

    total $1,123 · program services $933 · management and general $168 · fundraising $22

  • 24c · Other expenses: SUPPLIES

    total $26,162 · program services $25,639 · management and general $523

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $76,268 · end of year $50,396

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

    $276,523

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

    $91,008

  • 10c · Land, buildings and equipment, net

    beginning of year $194,287 · end of year $185,515

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,640 · end of year $5,266

  • 23 · Secured mortgages and notes payable

    beginning of year $15,598 · end of year $10,624

  • 27 · Net assets without donor restrictions

    beginning of year $235,506 · end of year $205,250

  • 28 · Net assets with donor restrictions

    beginning of year $14,811 · end of year $14,771

Mission and programs · 2022

Mission

PROVIED TEMPORARY AND EMERGENCY AND LOW INCOME HOUSING AND SECURED SHELTER.

  • JULY 2022 JUNE 2023 HOMES OF HOPE ACHIEVEMENTSHOMES OF HOPE (HOH) IS THE LEADING HOMELESS SERVICES PROVIDER IN STANLY COUNTY. WE PARTICIPATE AS MEMBERS 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 07/01/2022 06/30/2023 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. 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.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 160 PEOPLE INCLUDING 138 ADULTS AND 22 CHILDREN AT THE COMMUNITY INN. WE HAVE WORKED DILIGENTLY WITH OUR COMMUNITY RESOURCE PARTNERS TO MAKE HOMELESSNESS A RARE, ONE-TIME OCCURRENCE IN THE LIVES OF THE GUESTS WE SERVE. HOMES OF HOPE HAD 932 VOLUNTEERS WITH OVER 3287 HOURS OF SERVICE DURING THIS TIME.

    Expenses $387,529 · Revenue $382,911

As filed on the 2022 return.

Listed in Part VII

  • Wendy Growcock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charity Meachum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dion Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Misenheimer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • Caris Hahn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Hahn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Carver

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Lashanta R Watkins

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

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
29 September 2023
IRS schema version
2022v5.0
Source object
202302789349301700

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