Home Tomorrow Inc
- Assets
- $947.9k
- Revenue
- $370.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Manchester, NH
- Founding
- 01/1987
- Data as of
- 06/2021
- EIN
- 02-0456805
Organization Overview
Home Tomorrow Inc is located in Manchester, NH. The organization was established in 1987. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Home Tomorrow Inc employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Home Tomorrow Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Home Tomorrow Inc generated $370.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $377.2k during the year ending 06/2021. While expenses have increased by 14.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PARTNER WITH OTHER NONPROFIT ORGANIZATIONS TO HELP MAKE SHELTER FOR THOSE TRANSITIONING FROM HOMELESSNESS AND SHELTERS INTO A COMFORTABLE HOME IN AN EFFORT TO BATTLE HOMELESSNESS AND POVERTY; TO IDENTIFY INDIVIDUALS IN THE PRIMARY MARKET WE SERVE, BEGINNING WITH THE GREATER MANCHESTER (NH) AREA, AND TO PROVIDE FURNITURE AND OTHER HOME FURNISHINGS ENTIRELY FREE OF CHARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKING IN PARTNERSHIP WITH THE GREATER MANCHESTER COMMUNITY AND COMMUNITY MEMBERS IN NEED OF AFFORDABLE HOUSING AND HOMEOWNERSHIP IN AN EFFORT TO ESTABLISH AND SUSTAIN AFFORDABLE HOUSING.
HABITAT "RESTORE" IS A HOME IMPROVEMENT RESALE OUTLET WHICH CONVERTS MERCHANDISE, SUCH AS CABINETS, APPLIANCES AND FURNITURE, DONATED FROM GENEROUS MEMBERS OF THE GREATER MANCHESTER COMMUNITY INTO REVENUE THROUGH BARGAIN PRICING TO PROVIDE FINANCIAL SUPPORT NECESSARY TO BUILD AND FOSTER AFFORDABLE HOUSING AND SELECT AND SUPPORT PROSPECTIVE HOMEOWNERS WHO ARE ECONOMICALLY DISADVANTAGED. "RESTORE" ALSO SERVES AS A SOURCE FOR REPURPOSED RATHER THAN DISCARDED HOME MERCHANDISE WHICH OTHERWISE CONTRIBUTES TO LANDFILL WASTE AND POLLUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Courtney Executive Director | Officer | 40 | $88,874 |
Kenneth Halle Vice-President | OfficerTrustee | 2 | $0 |
Rebecca Kane Treasurer | OfficerTrustee | 1 | $0 |
Ryan Tufts President | OfficerTrustee | 3 | $0 |
Graham Nadig Secretary | OfficerTrustee | 1 | $0 |
Michael Gelinas Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,950 |
| Total Program Service Revenue | $317,694 |
| Investment income | $251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $370,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,874 |
| Compensation of current officers, directors, key employees. | $14,588 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,289 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39 |
| Fees for services: Accounting | $10,155 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,297 |
| Office expenses | $3,803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,609 |
| Travel | $98 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,880 |
| Insurance | $5,448 |
| All other expenses | $0 |
| Total functional expenses | $377,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,540 |
| Savings and temporary cash investments | $313,545 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,215 |
| Net Land, buildings, and equipment | $2,267 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $572,359 |
| Total assets | $947,926 |
| Accounts payable and accrued expenses | $147,598 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,680 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $594 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,600 |
| Total liabilities | $186,472 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $947,926 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Home Tomorrow Inc has recieved totaling $9,607.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general support | $9,607 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Assistance Corporation Hyannis, MA | $20,544,372 | $36,246,807 |
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Neighborhood Of Affordable Housing Inc East Boston, MA | $27,971,204 | $13,300,567 |
Inquilinos Boricuas En Accion Inc Boston, MA | $173,108,948 | $16,934,744 |
Milton-Fuller Housing Corporation Milton, MA | $76,615,525 | $9,254,138 |
Owl Tallahassee Housing Inc Boston, MA | $28,680,052 | $6,023,225 |
Avesta Housing Management Corporation Portland, ME | $3,765,380 | $8,258,375 |
Hearth Inc Boston, MA | $12,790,165 | $7,949,326 |