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← HOPE RENOVATIONS

Form 990 for tax year 2022

Filed by HOPE RENOVATIONS.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 12 February 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 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)

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.

  • 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 Spencer

    CEO

    Total calculated
    $98,269
    From this org
    $98,269
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

  • Leah Adeniji

    DIRECTOR

    Total calculated
    $0

  • Claire Coffey

    DIRECTOR/TRE

    Total calculated
    $0

  • Cindy Covington

    DIRECTOR

    Total calculated
    $0

  • Alaina Garman

    DIRECTOR

    Total calculated
    $0

  • Jennifer Hoffman

    DIRECTOR

    Total calculated
    $0

  • Carrie Norry

    BOARD CHAIRM

    Total calculated
    $0

  • Maryah Smith-Overman

    SECRETARY

    Total calculated
    $0

  • Patricia 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
3 January 2024
IRS schema version
2022v5.0
Source object
202420299349302117

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