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← HOPE RENOVATIONS

Form 990 for tax year 2024

Filed by HOPE RENOVATIONS.

Totals

Total revenue
$1,779,248
Total expenses
$1,607,601
Contributions and grants received
$1,451,514
Grants paid
$0
Program service revenue
$269,716
Investment income
$26,063
Other revenue
$31,955
Total assets, end of year
$783,584
Total liabilities, end of year
$26,697
Net assets or fund balances, end of year
$756,887
Program services expenses (Part IX)
$1,168,876
Management and general expenses
$253,327
Fundraising expenses
$185,398
Program service expenses (Part III)
$1,168,876

Program services were 72.7% 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)

    $39,753

  • 1f · All other contributions, gifts and grants

    $1,411,761

  • 2a · Program service revenue: CONSTRUCTION REVENUE - CUSTOM

    total $214,675 · related or exempt $214,675

  • 2b · Program service revenue: TRAINING

    total $51,911 · related or exempt $51,911

  • 2c · Program service revenue: CONSTRUCTION - CONTRACTS

    total $3,130 · related or exempt $3,130

  • 3 · Investment income

    total $6,063 · related or exempt $6,063

  • 7a · Gross sales of assets other than inventory

    other assets $20,000

  • 7c · Gain or loss

    other assets $20,000

  • 7d · Net gain or loss

    total $20,000 · related or exempt $20,000

  • 11a · Other revenue: EVENT REVENUE

    total $17,156 · related or exempt $17,156

  • 11b · Other revenue: IN-KIND DONATIONS

    total $15,000 · related or exempt $15,000

  • 11c · Other revenue: EVENT SPONSORSHIP

    total $3,000 · related or exempt $3,000

  • 11d · All other revenue

    total -$3,201 · related or exempt -$3,201

  • 11e · Other revenue, total

    $31,955

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $100,000 · program services $10,000 · management and general $40,000 · fundraising $50,000

  • 7 · Other salaries and wages

    total $730,668 · program services $517,414 · management and general $116,592 · fundraising $96,662

  • 9 · Other employee benefits

    total $226,647 · program services $195,435 · management and general $16,119 · fundraising $15,093

  • 10 · Payroll taxes

    total $64,810 · program services $42,554 · management and general $11,492 · fundraising $10,764

  • 11c · Fees: accounting

    total $34,608 · program services $25,956 · management and general $6,922 · fundraising $1,730

  • 11g · Fees: other

    total $132,012 · program services $125,487 · management and general $6,525

  • 12 · Advertising and promotion

    total $4,003 · management and general $2,129 · fundraising $1,874

  • 13 · Office expenses

    total $15,622 · program services $4,480 · management and general $9,142 · fundraising $2,000

  • 14 · Information technology

    total $21,559 · program services $20,205 · management and general $1,354

  • 16 · Occupancy

    total $51,076 · program services $38,307 · management and general $10,215 · fundraising $2,554

  • 17 · Travel

    total $6,685 · program services $4,416 · management and general $2,269

  • 19 · Conferences, conventions and meetings

    total $46,615 · program services $44,943 · management and general $1,672

  • 20 · Interest

    total $10,336 · program services $7,752 · management and general $2,067 · fundraising $517

  • 22 · Depreciation, depletion and amortization

    total $18,341 · program services $13,651 · management and general $3,780 · fundraising $910

  • 23 · Insurance

    total $65,890 · program services $49,418 · management and general $13,178 · fundraising $3,294

  • 24a · Other expenses: SUPPLIES & MATERIALS

    total $57,622 · program services $57,622

  • 24b · Other expenses: AUTO

    total $13,031 · program services $5,191 · management and general $7,840

  • 24c · Other expenses: BACKGROUD CHECKS

    total $3,812 · program services $3,812

  • 24d · Other expenses: UNIFORMS

    total $2,233 · program services $2,233

  • 24e · All other expenses

    total $2,031 · management and general $2,031

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $143,081 · end of year $586,816

  • 4 · Accounts receivable

    beginning of year $592,140 · end of year $185,480

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,917 · end of year $2,594

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

    $57,318

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

    $48,811

  • 10c · Land, buildings and equipment, net

    beginning of year $10,409 · end of year $8,507

  • 14 · Intangible assets

    beginning of year $327 · end of year $187

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,668 · end of year $668

  • 24 · Unsecured notes and loans payable

    beginning of year $55,815 · end of year $22,033

  • 25 · Other liabilities

    beginning of year $124,151 · end of year $3,996

  • 27 · Net assets without donor restrictions

    beginning of year $585,240 · end of year $756,887

Mission and programs · 2024

Mission

HOPE RENOVATIONS EMPOWERS WOMEN AND GENDER-EXPANSIVE INDIVIDUALS INTO CAREERS IN CONSTRUCTION AND HELPS OLDER ADULTS AGE IN PLACE.

  • WOMEN'S TRADES TRAINING PROGRAM - DURING FYE 06/30/2025,WE TRAINED 74 WOMEN AND NONBINARY FOLKS. 70% OF THOSE WENT INTO JOBS OR CONTINUING EDUCATION IN THE TRADES.

    Expenses $111,136 · Revenue $51,911

  • AGING IN PLACE CONSTRUCTION PROGRAM - DURING FYE 06/30/2024, THE CONSTRUCTION PROGRAM COMPLETED 40 JOBS RANGING IN SIZE FROM SMALL GRAB BAR INSTALLATIONS AND SAFETY MODIFICATIONS TO LARGE BATHROOM RENOVATIONS. 78% OF HOUSEHOLDS SERVED WERE 55+ AND/OR DISABLED.

    Expenses $1,057,740 · Revenue $217,805

As filed on the 2024 return.

Listed in Part VII

  • Nora E Spencer

    CEO

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Leah Adeniji

    DIRECTOR

    Total calculated
    $0
  • Cindy Covington

    DIRECTOR

    Total calculated
    $0
  • Brandi Gerew

    DIRECTOR

    Total calculated
    $0
  • Jennifer Hoffman

    DIRECTOR

    Total calculated
    $0
  • Drew Langsam

    DIRECTOR

    Total calculated
    $0
  • Carrie Sloan Norry

    DIRECTOR

    Total calculated
    $0
  • Pat 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
2024
Filed
29 April 2026
IRS schema version
2024v5.0
Source object
202611279349300726

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