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Nonprofiteer
← HOMES OF HOPE FOR CHILDREN INC

Form 990 for tax year 2022

Filed by HOMES OF HOPE FOR CHILDREN INC.

Totals

Total revenue
$1,584,453
Total expenses
$1,826,696
Contributions and grants received
$1,535,005
Grants paid
$0
Program service revenue
$0
Investment income
$4,689
Other revenue
$44,759
Total assets, end of year
$5,082,867
Total liabilities, end of year
$47,948
Net assets or fund balances, end of year
$5,034,919
Program services expenses (Part IX)
$1,300,137
Management and general expenses
$231,142
Fundraising expenses
$295,417
Program service expenses (Part III)
$1,300,137

Program services were 71.2% 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.

  • 1c · Fundraising events

    $303,870

  • 1f · All other contributions, gifts and grants

    $1,231,135

  • 3 · Investment income

    total $5,755 · related or exempt $5,755

  • 7a · Gross sales of assets other than inventory

    other assets $23,401

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

    other assets $24,467

  • 7c · Gain or loss

    other assets -$1,066

  • 7d · Net gain or loss

    total -$1,066 · related or exempt -$1,066

  • 8a · Fundraising events: contributions included on line 1c

    $303,870

  • 11a · Other revenue: REALIZED GAIN ON INVESTMENT

    total $44,269 · related or exempt $44,269

  • 11b · Other revenue: OTHER REVENUE

    total $490 · related or exempt $490

  • 11e · Other revenue, total

    $44,759

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $512,914 · program services $385,940 · management and general $66,548 · fundraising $60,426

  • 9 · Other employee benefits

    total $20,954 · program services $3,316 · management and general $7,356 · fundraising $10,282

  • 10 · Payroll taxes

    total $40,689 · program services $30,175 · management and general $5,271 · fundraising $5,243

  • 11g · Fees: other

    total $838,999 · program services $545,511 · management and general $146,768 · fundraising $146,720

  • 12 · Advertising and promotion

    total $28,060 · fundraising $28,060

  • 13 · Office expenses

    total $52,225 · program services $6,028 · management and general $4,615 · fundraising $41,582

  • 17 · Travel

    total $33,273 · program services $29,585 · management and general $584 · fundraising $3,104

  • 22 · Depreciation, depletion and amortization

    total $191,625 · program services $191,625

  • 23 · Insurance

    total $107,957 · program services $107,957

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $828,142 · end of year $472,395

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

    $5,284,116

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

    $1,076,346

  • 10c · Land, buildings and equipment, net

    beginning of year $3,947,114 · end of year $4,207,770

  • 11 · Investments: publicly traded securities

    beginning of year $677,271 · end of year $402,702

  • 15 · Other assets

    beginning of year $17,892

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,049 · end of year $11,108

  • 25 · Other liabilities

    end of year $36,840

  • 27 · Net assets without donor restrictions

    beginning of year $4,620,505 · end of year $4,627,077

  • 28 · Net assets with donor restrictions

    beginning of year $797,865 · end of year $407,842

Mission and programs · 2022

Mission

TO PROVIDE STRONG CHRISTIAN HOMES FOR CHILDREN IN CRISIS THROUGHOUT MISSISSIPPI

  • TO PROVIDE STRONG CHRISTIAN HOMES FOR CHILDREN IN CRISIS THROUGHOUT MISSISSIPPI

  • TO PROVIDE STRONG CHRISTIAN HOMES FOR CHILDREN IN CRISIS THROUGHOUT MISSISSIPPI

    Expenses $1,300,137

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eric Boney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Brittney Borbash

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Carol Daniel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Wayne Easterling

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Richard Giannini

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Phil Hanberry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mimi Lowrey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Anthony Mozingo

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40

  • Anthony McCullum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Debbie Sanford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Valerie Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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
27 October 2023
IRS schema version
2022v5.0
Source object
202333039349301088

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