Totals
- Total revenue
- $7,809,058
- Total expenses
- $8,396,383
- Contributions and grants received
- $3,052,545
- Grants paid
- $0
- Program service revenue
- $4,283,303
- Investment income
- $23,890
- Other revenue
- $449,320
- Total assets, end of year
- $53,570,177
- Total liabilities, end of year
- $38,505,215
- Net assets or fund balances, end of year
- $15,064,962
- Program services expenses (Part IX)
- $7,520,426
- Management and general expenses
- $871,148
- Fundraising expenses
- $4,809
- Program service expenses (Part III)
- $7,520,426
Program services were 89.6% 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.
-
1a · Federated campaigns
$51,252
-
1c · Fundraising events
$404,018
-
1e · Government grants (contributions)
$237,012
-
1f · All other contributions, gifts and grants
$2,360,263
-
1g · Noncash contributions included above
$7,060
-
2a · Program service revenue: HOUSING INCOME
total $4,283,303 · related or exempt $4,283,303
-
3 · Investment income
total $23,890 · excluded $23,890
-
8a · Fundraising events: gross income
$222,289
-
8a · Fundraising events: contributions included on line 1c
$404,018
-
8b · Fundraising events: direct expenses
$176,014
-
8c · Net income from fundraising events
total $46,275
-
11a · Other revenue: OTHER
total $403,045 · related or exempt $403,045
-
11e · Other revenue, total
$403,045
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $169,622 · program services $135,698 · management and general $33,924
-
7 · Other salaries and wages
total $2,063,677 · program services $1,650,941 · management and general $412,736
-
11g · Fees: other
total $191,983 · program services $153,586 · management and general $38,397
-
12 · Advertising and promotion
total $58,774 · program services $58,774
-
13 · Office expenses
total $22,378 · program services $17,903 · management and general $4,475
-
14 · Information technology
total $121,651 · program services $100,565 · management and general $21,086
-
17 · Travel
total $3,072 · program services $2,458 · management and general $614
-
20 · Interest
total $1,260,296 · program services $1,235,090 · management and general $25,206
-
22 · Depreciation, depletion and amortization
total $1,654,766 · program services $1,654,766
-
23 · Insurance
total $374,299 · program services $299,439 · management and general $74,860
-
24a · Other expenses: PROPERTY MANAGEMENT
total $1,635,515 · program services $1,635,515
-
24b · Other expenses: LOSS IN VALUE ON INVESTME
total $234,522 · program services $234,522
-
24c · Other expenses: BUILDING MAINTENANCE
total $189,983 · management and general $189,983
-
24d · Other expenses: UTILITIES
total $105,387 · program services $84,310 · management and general $21,077
-
24e · All other expenses
total $310,458 · program services $256,859 · management and general $48,790 · fundraising $4,809
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,384,618 · end of year $711,386
-
4 · Accounts receivable
beginning of year $395,644 · end of year $928,645
-
7 · Other notes and loans receivable
beginning of year $71,091 · end of year $70,088
-
9 · Prepaid expenses and deferred charges
beginning of year $8,000
-
10a · Land, buildings and equipment: cost or other basis
$65,730,388
-
10b · Land, buildings and equipment: accumulated depreciation
$14,660,108
-
10c · Land, buildings and equipment, net
beginning of year $49,189,453 · end of year $51,070,280
-
15 · Other assets
beginning of year $872,265 · end of year $789,778
-
17 · Accounts payable and accrued expenses
beginning of year $465,858 · end of year $434,609
-
19 · Deferred revenue
end of year $18,057
-
25 · Other liabilities
beginning of year $36,802,926 · end of year $38,052,549
-
27 · Net assets without donor restrictions
beginning of year $15,652,287 · end of year $15,064,962
Mission and programs · 2023
Mission
HOMES OF HOPE OPENS DOORS FOR ECONOMIC MOBILITY THROUGH HOUSING, ECONOMIC, AND WORKFORCE DEVELOPMENT.
-
REAL ESTATE DEVELOPMENT: HOMES OF HOPE DEVELOPS AFFORDABLE AND ENERGY EFFICIENT HOMES THAT ARE INDISTINGUISHABLE FROM MARKET RATE HOMES. HOUSING DEVELOPMENT EFFORTS ARE FOCUSED ON CREATING HEALTHY MIXED INCOME COMMUNITIES THROUGHOUT SOUTH CAROLINA. IN 26 YEARS, HOMES OF HOPE HAS DEVELOPED 703 HOMES.
Expenses $2,038,124
-
HOUSING AND PROPERTY MANAGEMENT: HOMES OF HOPE OWNS AND OVERSEES THE MANAGEMENT OF 442 AFFORDABLE RENTAL HOMES THROUGHOUT SOUTH CAROLINA. THESE RENTAL HOMES SERVE LOW-TO-MODERATE INCOME HOUSEHOLDS. BY PROVIDING EXCELLENT CUSTOMER CARE AND CONNECTING HOUSEHOLDS TO COMMUNITY RESOURCE OPPORTUNITIES, HOUSING STABILITY IS ESTABLISHED, BARRIERS OF DISTRUST ARE BROKEN, AND OPPORTUNITIES FOR ECONOMIC MOBILITY PATHWAYS ARE CREATED LEADING TO LONG-TERM GENERATIONAL CHANGE. THIS YEAR, 52% OF HOUSEHOLDS CONTAIN CHILDREN.
Expenses $4,255,960
-
MEN'S WORKFORCE DEVELOPMENT: THE MEN'S WORKFORCE DEVELOPMENT PROGRAM IS A ONE-YEAR RESIDENTIAL WORKFORCE DEVELOPMENT OPPORTUNITY FOCUSED IN THE FIELD OF CONSTRUCTION. THIS PROGRAM PROVIDES A NECESSARY NEXT STEP FOR MEN TO BEGIN A LIFE OF STABILITY FREE FROM DRUGS AND ALCOHOL. A GRADUATE OF THIS PROGRAM COMPLETES 1200 HOURS OF ON THE JOB TRAINING, 360 HOURS OF DISCIPLESHIP AND 200 HOURS OF CLASSROOM TRAINING AND AN AVERAGE STARTING WAGE OF 18/HOUR. ON THE JOB TRAINING RESULTS IN THE PRODUCTION OF 3 HOMES FOR POVERTY INCOME HOUSEHOLDS. IN 26 YEARS, 335 MEN HAVE GRADUATED THIS PROGRAM.
Expenses $1,226,342
-
REVENUE - 4,338,987 - INCOME FROM AFFORDABLE RENTAL HOUSING ACTIVITY
Revenue $4,283,303
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Don OglesbyDON OGLESBY
PRESIDENT/CE
- Total calculated
- $169,622
- From this org
- $169,622
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $169,622
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $169,622
-
Tim BickelTIM BICKEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill DekayBILL DEKAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul GaetoPAUL GAETO
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Shirley GambrellSHIRLEY GAMBRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian HerseyBRIAN HERSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jack JamisonJACK JAMISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Liz NilesLIZ NILES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim W RevisTIM W REVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Byron Battle SrDR BYRON BATTLE SR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary SwainMARY SWAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tony ThomasTONY THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Annah W ToatesANNAH W TOATES
IMMEDIATE PA
- Total calculated
- $0
- Hours/week
- 1
-
Connie WilliamsonCONNIE WILLIAMSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
Answered no
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
101 EAST MAIN LLC
REAL ESTAT · SC · general or managing partner
-
103 EAST MAIN LLC
REAL ESTAT · SC · general or managing partner
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530569349300548
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