Door Of Hope Inc
- Assets
- $1.5m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 08/2005
- Data as of
- 12/2021
- EIN
- 20-2773923
Organization Overview
Door Of Hope Inc, operating under the name Door of Hope, is located in Memphis, TN. The organization was established in 2005. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Door of Hope 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 12/2021, Door of Hope generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 12.2% per year over the past 7 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
DOOR OF HOPE MISSION IS TO SERVE THE CHRONICALLY HOMELESS AND PLACING INDIVIDUALS IN PERMANENT TYPE HOUSING AND PROVIDING SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOMES AND SHELTER FOR HOMELESS INDIVIDUALS WITH SPECIAL NEEDS ALSO, PROVIDED MEALS WEEKLY AND TRASPORTATION WHEN NEEDED TO APPOINTMENTS AND FACILITIES FOR HELP IN VARIOUS PROGRAMS AND MEDICAL RELATED TREATMENTS. CASE MANAGERS WORKED WITH INDIVIDUALS TO HELP MAINTAIN PERMANANT HOUSING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Porsha Goodman Executive Director | Officer | 40 | $80,000 |
Deidre Chewing Board Member | Officer | 1 | $0 |
Francis Offiong Board Member | Officer | 1 | $0 |
John Cooke Board Member | Officer | 1 | $0 |
Avery Hines Board Member | Trustee | 1 | $0 |
Quiana Watkins Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $841,136 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $841,136 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $160,889 |
| 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 | $1,002,025 |
| 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. | $289,047 |
| Compensation of current officers, directors, key employees. | $289,047 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $576 |
| Royalties | $0 |
| Occupancy | $368,264 |
| Travel | $0 |
| 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 | $39,167 |
| Insurance | $20,569 |
| All other expenses | $252,725 |
| Total functional expenses | $1,003,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,489 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,584 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,180,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,495,474 |
| Accounts payable and accrued expenses | $11,887 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,887 |
| Net assets without donor restrictions | $1,483,587 |
| 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 | $1,495,474 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Door Of Hope Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Ayers Foundation Parsons, TN PURPOSE: GENERAL/OPERATING | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Patrick Center St Louis, MO | $22,313,379 | $19,679,284 |
Our House Inc Little Rock, AR | $15,828,581 | $11,214,750 |
Coalition For The Homeless Louisville, KY | $2,693,256 | $7,398,778 |
Quest Community Development Organization Inc Atlanta, GA | $31,980,740 | $6,266,594 |
Rescue Mission Of Roanoke Inc Roanoke, VA | $11,303,940 | $5,672,596 |
Mississippi United To End Homelessness Jackson, MS | $679,827 | $4,928,585 |
Charlotte Family Housing Inc Charlotte, NC | $3,736,350 | $3,379,237 |
Hillcrest Ministries Of Midamerica Inc Kansas City, MO | $6,469,883 | $4,066,615 |
Gateway Rescue Mission Inc Jackson, MS | $4,764,797 | $4,365,669 |
National Health Care For The Homeless Council Inc Nashville, TN | $2,211,639 | $3,205,943 |
Union County Community Shelter Monroe, NC | $5,779,570 | $2,836,417 |
Hospitality Hub Of Memphis Memphis, TN | $14,285,294 | $5,150,202 |