Homes Of Hope Inc

Organization Overview

Homes Of Hope Inc is located in Albemarle, NC. The organization was established in 2005. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Homes Of Hope Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homes Of Hope 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 06/2022, Homes Of Hope Inc generated $413.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $370.9k during the year ending 06/2022. While expenses have increased by 5.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIED TEMPORARY AND EMERGENCY AND LOW INCOME HOUSING AND SECURED SHELTER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

JULY 2021 JUNE 2022 HOMES OF HOPE ACHIEVEMENTSHOMES OF HOPE (HOH) IS THE LEADING HOMELESS SERVICES PROVIDER IN STANLY COUNTY. WE PARTICIPATE AS MEMBERS THE STANLY COUNTY UNITED WAY, STANLY COUNTY PARTNERS IN HEALTH, AND OUR REGIONAL CONTINUUM OF CARE FOR NC COALITION TO END HOMELESSNESS. WE ARE THE DESIGNATED REFERRAL AGENCY FOR OUR COUNTY FOR COMMUNITY LINK, AN AGENCY BASED IN CHARLOTTE THAT OPERATES HOMELESS HOUSING FINANCIAL ASSISTANCE PROGRAMS IN SURROUNDING COUNTIES. WE ALSO PROVIDE RESOURCE EDUCATION AND HOUSING INFORMATION TO NUMEROUS AGENCIES AND INDIVIDUALS EXPERIENCING A HOUSING CRISIS. HOH OPERATED THREE PROGRAMS DURING THE FISCAL YEAR 07/01/2021 06/30/2022 INCLUDING: TRASITIONAL HOUSING, PERMANENT SUPPORTIVE HOUSING AND OVERNIGHT EMERGENCY SHELTER AT THE COMMUNITY INN. TRANSITIONAL HOUSING OPERATES USING 11 PROPERTIES IN STANLY COUNTY, NC THAT ARE USED TO PROVIDE TEMPORARY HOUSING FOR FAMILIES/INDIVIDUALS THAT ARE HOMELESS. WE PROVIDE RENT, UTILITIES, PHONE AND FURNISHINGS FOR FAMILIES WITH THE GOAL OF BEING SELF-SUFFICIENT WITHIN 6 MONTHS. COMPREHENSIVE SKILLS AND CLASSES, INTENSE CASE MANAGEMENT, MENTORING AND RESOURCE REFERRALS ARE PROVIDED DURING THE 6 MONTH TIME. DURING THE FISCAL YEAR, WE PROVIDED TRANSITIONAL HOUSING FOR 18 FAMILIES THAT WERE EXPERIENCING HOMELESSNESS. PERMANENT SUPPORTIVE HOUSING (PSH) IS A MODEL THAT COMBINES LOW-BARRIER AFFORDABLE HOUSING AND SUPPORTIVE SERVICES TO HELP INDIVIDUALS AND FAMILIES LEAD MORE STABLE LIVES. PSH TYPICALLY TARGETS PEOPLE WHO ARE HOMELESS OR OTHERWISE UNSTABLY HOUSED, EXPERIENCE MULTIPLE BARRIERS TO HOUSING, AND ARE UNABLE TO MAINTAIN HOUSING STABILITY WITHOUT SUPPORTIVE SERVICES. WE OPERATED 4 HOUSES THAT FIT THE PSH MODEL THAT SERVED 6 FAMILIES. THE COMMUNITY INN IS AN EMERGENCY OVERNIGHT SHELTER FACILITY THAT OPERATES DAILY FROM 6PM UNTIL 7AM. WE PROVIDE DINNER, BREAKFAST, A SHOWER, SAFE SLEEPING SPACES, RESOURCE INFORMATION AND CASE MANAGEMENT. DURING THE PAST FISCAL YEAR WE SERVED 129 PEOPLE INCLUDING 118 ADULTS AND 11 CHILDREN AT THE COMMUNITY INN. WE HAVE WORKED DILIGENTLY WITH OUR COMMUNITY RESOURCE PARTNERS TO MAKE HOMELESSNESS A RARE, ONE-TIME OCCURRENCE IN THE LIVES OF THE GUESTS WE SERVE. NO FUNDRAISERS WERE HELD DURING OUR FISCAL YEAR DUE TO COVID-19 RESTRICTIONS. HOMES OF HOPE HAD OVER 1000 VOLUNTEERS WITH OVER 2000 HOURS OF SERVICE DURING THIS TIME.


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Board, Officers & Key Employees

Name (title)Compensation
Lashanta R Watkins
Executive Director
$55,080
Lindsay Carter
Secretary
$0
Michelle Carver
Treasurer
$0
Donza Mclean
Vice President
$0
Thomas Hahn
Director
$0
Caris Hahn
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $82,141
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$82,141
Total Program Service Revenue$290,694
Investment income $0
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 $413,101

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Homes Of Hope Inc has recieved totaling $20,167.

Awarding OrganizationAmount
United Way Of Stanly County

Albemarle, NC

PURPOSE: GENERAL SUPPORT

$14,667
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$5,500
View Grant Recipient Profile

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