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Nonprofiteer
← HOMES OF HOPE FOR CHILDREN INC

Form 990 for tax year 2023

Filed by HOMES OF HOPE FOR CHILDREN INC.

Totals

Total revenue
$1,467,842
Total expenses
$1,591,613
Contributions and grants received
$1,332,953
Grants paid
$0
Program service revenue
$0
Investment income
$5,574
Other revenue
$129,315
Total assets, end of year
$5,015,630
Total liabilities, end of year
$62,915
Net assets or fund balances, end of year
$4,952,715
Program services expenses (Part IX)
$1,141,178
Management and general expenses
$115,274
Fundraising expenses
$335,161
Program service expenses (Part III)
$1,141,178

Program services were 71.7% 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.

  • 1c · Fundraising events

    $303,252

  • 1f · All other contributions, gifts and grants

    $1,029,701

  • 1g · Noncash contributions included above

    $65,392

  • 3 · Investment income

    total $4,205 · excluded $4,205

  • 7a · Gross sales of assets other than inventory

    securities $9,022 · other assets $35,000

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

    securities $0 · other assets $42,653

  • 7c · Gain or loss

    securities $9,022 · other assets -$7,653

  • 7d · Net gain or loss

    total $1,369 · related or exempt $1,369

  • 8a · Fundraising events: gross income

    $0

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

    $303,252

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: ERC

    total $124,418 · related or exempt $124,418

  • 11b · Other revenue: OTHER REVENUE

    total $4,897 · related or exempt $4,897

  • 11e · Other revenue, total

    $129,315

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $619,112 · program services $426,152 · management and general $68,750 · fundraising $124,210

  • 9 · Other employee benefits

    total $4,752 · program services $2,690 · management and general $2,062

  • 10 · Payroll taxes

    total $47,889 · program services $33,085 · management and general $5,304 · fundraising $9,500

  • 11g · Fees: other

    total $42,423 · management and general $22,808 · fundraising $19,615

  • 12 · Advertising and promotion

    total $19,081 · fundraising $19,081

  • 13 · Office expenses

    total $34,864 · program services $26,353 · management and general $4,695 · fundraising $3,816

  • 17 · Travel

    total $25,888 · program services $21,617 · fundraising $4,271

  • 22 · Depreciation, depletion and amortization

    total $201,974 · program services $201,974

  • 23 · Insurance

    total $159,837 · program services $144,182 · management and general $4,714 · fundraising $10,941

  • 24a · Other expenses: FUNDRAISING

    total $100,543 · fundraising $100,543

  • 24b · Other expenses: REPAIRS & MAINT.

    total $82,700 · program services $75,062 · management and general $2,989 · fundraising $4,649

  • 24c · Other expenses: CREDIT CARD FEES

    total $71,419 · program services $66,191 · fundraising $5,228

  • 24d · Other expenses: RESIDENT FOOD

    total $61,571 · program services $61,571

  • 24e · All other expenses

    total $119,560 · program services $82,301 · management and general $3,952 · fundraising $33,307

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $472,395 · end of year $536,406

  • 4 · Accounts receivable

    end of year $14,747

  • 9 · Prepaid expenses and deferred charges

    end of year $48

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

    $5,344,508

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

    $1,235,000

  • 10c · Land, buildings and equipment, net

    beginning of year $4,207,770 · end of year $4,109,508

  • 11 · Investments: publicly traded securities

    beginning of year $402,702 · end of year $354,921

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,108 · end of year $9,008

  • 25 · Other liabilities

    beginning of year $36,840 · end of year $53,907

  • 27 · Net assets without donor restrictions

    beginning of year $4,627,077 · end of year $4,616,184

  • 28 · Net assets with donor restrictions

    beginning of year $407,842 · end of year $336,531

Mission and programs · 2023

Mission

TO SERVE CHILDREN IN CRISIS THROUGHOUT MISSISSIPPI BY PROVIDING STRONG, CHRISTIAN HOMES TO EVERY CHILD WHO LIVES ON CAMPUS WHILE ENSURING THAT EACH CHILD IS LOVED UNCONDITIONALLY AND HAS THEIR PHYSICAL, SPIRITUAL, AND EMOTIONAL NEEDS MET.

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

    Expenses $1,141,178

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

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

Listed in Part VII

  • Anthony Mozingo

    EXECUTIVE DIRECTOR

    Total calculated
    $124,210
    From this org
    $124,210
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Phil Hanberry

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Mimi Lowrey

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Carol Daniel

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Debbie Sanford

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Brittney Borbash

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wayne Easterling

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anthony McCullum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Larry Sellers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Valerie Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eric Boney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Travell Davis

    BOARD MEMBER

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
31 July 2024
IRS schema version
2023v5.1
Source object
202432159349300448

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