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← SANCTIFIED HOPE INC

Form 990 for tax year 2023

Filed by SANCTIFIED HOPE INC.

Totals

Total revenue
$500,560
Total expenses
$381,948
Contributions and grants received
$500,560
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$579,811
Total liabilities, end of year
$68,692
Net assets or fund balances, end of year
$511,119
Program services expenses (Part IX)
$316,292
Management and general expenses
$56,327
Fundraising expenses
$9,329
Program service expenses (Part III)
not reported

Program services were 82.8% 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.

  • 1c · Fundraising events

    $118,944

  • 1e · Government grants (contributions)

    $33,315

  • 1f · All other contributions, gifts and grants

    $348,301

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

    $118,944

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $47,000 · program services $47,000

  • 7 · Other salaries and wages

    total $114,507 · program services $91,007 · management and general $23,500

  • 10 · Payroll taxes

    total $12,355 · program services $10,557 · management and general $1,798

  • 11g · Fees: other

    total $5,637 · program services $5,637

  • 12 · Advertising and promotion

    total $2,051 · program services $302 · management and general $1,749

  • 13 · Office expenses

    total $5,191 · management and general $5,191

  • 14 · Information technology

    total $7,873 · program services $7,223 · management and general $650

  • 17 · Travel

    total $1,397 · management and general $1,397

  • 19 · Conferences, conventions and meetings

    total $959 · management and general $959

  • 20 · Interest

    total $4,287 · management and general $4,287

  • 22 · Depreciation, depletion and amortization

    total $18,431 · program services $17,342 · management and general $1,089

  • 23 · Insurance

    total $12,707 · program services $10,688 · management and general $2,019

  • 24a · Other expenses: RESIDENT TRANSPORTATION

    total $9,350 · program services $9,350

  • 24b · Other expenses: DONATED ASSETS EXPENSED

    total $82,097 · program services $82,097

  • 24c · Other expenses: UTILITIES AND RM

    total $32,558 · program services $32,558

  • 24d · Other expenses: EDUCATION AND SUPPLIES

    total $4,607 · program services $2,381 · management and general $2,226

  • 24e · All other expenses

    total $20,941 · program services $150 · management and general $11,462 · fundraising $9,329

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $97,340 · end of year $105,987

  • 3 · Pledges and grants receivable

    beginning of year $3,525 · end of year $12,229

  • 4 · Accounts receivable

    beginning of year $4,716

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

    $538,714

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

    $77,119

  • 10c · Land, buildings and equipment, net

    beginning of year $466,612 · end of year $461,595

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,690 · end of year $4,851

  • 22 · Loans and payables to officers and key people

    beginning of year $67,178 · end of year $63,841

  • 23 · Secured mortgages and notes payable

    beginning of year $108,995

  • 27 · Net assets without donor restrictions

    beginning of year $392,330 · end of year $511,119

Mission and programs · 2023

Mission

Empowering and guiding formerly incarcerated women through a Christ-based ministry to inspire lifelong changes and become successful citizens.

Activities or mission (Part I)

A Christian transitional home for formerly incarcerated women offering housing, training, education, and life skills leading to successful entry into society

  • Sanctified Hope provided housing for 16 participants in two separate duplex units. Housing includes but not limited to mortgage payment and interest, utilities, facilities repairs and maintenance, insurance, household items. Housing insures a safe and supportive environment for participants to successfully complete the Re-entry, Re-store, Re-integrate 12 month program, as well as having a positive effect on the community.

As filed on the 2023 return.

Listed in Part VII

  • Janet Duvall

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    40

  • Kathy Manning

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Sonya Lee

    TREASURER

    Total calculated
    $0
    Hours/week
    4

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
12 November 2024
IRS schema version
2023v5.1
Source object
202443179349308364

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