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← HOPE RENOVATIONS

Form 990 for tax year 2023

Filed by HOPE RENOVATIONS.

Totals

Total revenue
$1,776,798
Total expenses
$1,498,748
Contributions and grants received
$1,486,822
Grants paid
$0
Program service revenue
$276,437
Investment income
$469
Other revenue
$13,070
Total assets, end of year
$1,050,144
Total liabilities, end of year
$183,635
Net assets or fund balances, end of year
$866,509
Program services expenses (Part IX)
$1,051,344
Management and general expenses
$346,909
Fundraising expenses
$100,495
Program service expenses (Part III)
$1,051,344

Program services were 70.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $96,489

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $745,060

  • 1f · All other contributions, gifts and grants

    $645,273

  • 1g · Noncash contributions included above

    $47,509

  • 2a · Program service revenue: Aging in Place Construction Program

    total $264,436 · related or exempt $264,436 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Womens Trades Training Program

    total $12,001 · related or exempt $12,001 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $469 · related or exempt $469 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $0

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

    $96,489

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Other Revenue

    total $13,070 · related or exempt $13,070 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $13,070

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $101,615 · program services $67,066 · management and general $34,549 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $706,860 · program services $545,974 · management and general $112,545 · fundraising $48,341

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $98,071 · program services $75,149 · management and general $22,922 · fundraising $0

  • 10 · Payroll taxes

    total $65,546 · program services $44,475 · management and general $16,851 · fundraising $4,220

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $32,065 · program services $0 · management and general $27,696 · fundraising $4,369

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $98,266 · program services $98,266 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $3,111 · program services $25 · management and general $1,364 · fundraising $1,722

  • 13 · Office expenses

    total $9,273 · program services $1,411 · management and general $6,678 · fundraising $1,184

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $66,064 · program services $31,250 · management and general $34,814 · fundraising $0

  • 17 · Travel

    total $21,902 · program services $7,443 · management and general $14,263 · fundraising $196

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $4,755 · program services $4,511 · management and general $119 · fundraising $125

  • 20 · Interest

    total $5,828 · program services $0 · management and general $5,828 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $2,405 · program services $0 · management and general $2,405 · fundraising $0

  • 23 · Insurance

    total $62,474 · program services $51,919 · management and general $10,379 · fundraising $176

  • 24a · Other expenses: COGS - Supplies & Materials

    total $70,871 · program services $70,871 · management and general $0 · fundraising $0

  • 24b · Other expenses: Events

    total $43,753 · program services $3,860 · management and general $757 · fundraising $39,136

  • 24c · Other expenses: Outside Service Providers

    total $38,266 · program services $5,774 · management and general $32,492 · fundraising $0

  • 24d · Other expenses: Subscriptions - Educational and Operational

    total $25,534 · program services $10,219 · management and general $15,280 · fundraising $35

  • 24e · All other expenses

    total $42,089 · program services $33,131 · management and general $7,967 · fundraising $991

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,406 · end of year $172,460

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $559,697 · end of year $846,970

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,615 · end of year $0

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

    $78,015

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

    $67,606

  • 10c · Land, buildings and equipment, net

    beginning of year $12,674 · end of year $10,409

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $467 · end of year $327

  • 15 · Other assets

    beginning of year $25,266 · end of year $19,978

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,513 · end of year $59,484

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $8,447 · end of year $6,437

  • 25 · Other liabilities

    beginning of year $58,727 · end of year $117,714

  • 27 · Net assets without donor restrictions

    beginning of year $614,438 · end of year $866,509

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

Hope Renovations inspires hope in women and seniors for a joyful and fulfilling future through empowering women to pursue living-wage jobs in the construction trades via our hands-on training program and by providing repairs and renovations enabling older adults to stay in their home 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 allowing 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. The program provides a valuable on-the-job learning experience to our trainee giving them hands-on experience alongside our crew.

  • 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 while providing on-the-job learning experience to those in the training program.

    Expenses $541,078 · Revenue $264,436

  • 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.

    Expenses $510,266 · Revenue $12,001

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nora E Spencer

    CEO

    Total calculated
    $101,615
    From this org
    $101,615
    From related orgs
    $0
    Other
    $0
    Hours/week
    60
  • Leah Adeniji

    Director

    Total calculated
    $0
    Hours/week
    0
  • Claire Coffey

    Director

    Total calculated
    $0
    Hours/week
    0
  • Cindy Covington

    Director

    Total calculated
    $0
    Hours/week
    0
  • Brandi Gerew

    Treasurer

    Total calculated
    $0
    Hours/week
    0
  • Jennifer Hoffman

    Director

    Total calculated
    $0
    Hours/week
    0
  • Carrie Norry

    Board Chair

    Total calculated
    $0
    Hours/week
    0
  • Maryah SmithOverman

    Secretary

    Total calculated
    $0
    Hours/week
    0
  • Patricia Sprigg

    Director

    Total calculated
    $0
    Hours/week
    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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349309215

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