Homes Of Hope Inc
- Assets
- $52.7m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 22
- Location
- Greenville, SC
- Founding
- 08/1999
- Data as of
- 08/2022
- EIN
- 57-1069688
Organization Overview
Homes Of Hope Inc is located in Greenville, SC. The organization was established in 1999. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 08/2022, Homes Of Hope Inc employed 22 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 08/2022, Homes Of Hope Inc generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $6.5m during the year ending 08/2022. While expenses have increased by 9.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOMES OF HOPE REBUILDS COMMUNITIES AND INDIVIDUAL LIVES THROUGH HOUSING, ECONOMIC AND WORKFORCE DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT: HOMES OF HOPE DEVELOPS SAFE, STABLE, ENERGY-EFFICIENT, AFFORDABLE HOUSING FOR LOW - TO MODERATE - INCOME FAMILIES AND INDIVIDUALS IN SOUTH CAROLINA. WE STRIVE FOR BIG IMPACT, DEVELOPING WHOLE NEIGHBORHOODS AND MIXED-INCOME COMMUNITIES INSTEAD OF JUST A HOUSE AT A TIME. OVER THE LAST 20 YEARS, HOMES OF HOPE HAS DEVELOPED 588 HOMES.
CLIENT DEVELOPMENT: OUR AFFORDABLE HOUSING PROGRAM CONNECTS LOW - TO MODERATE - INCOME FAMILIES WITH SERVICES THAT WILL HELP THEM BOLSTER THEIR FINANCIAL STABILITY. WE FOCUS ON FIRST PLACING FAMILIES IN SAFE, MARKET QUALITY, ENERGY-EFFICIENT HOMES THAT THEY CAN BE PROUD TO CALL HOME. FROM THERE, WE WORK INDIVIDUALLY WITH OUR CLIENTS TO PROVIDE FINANCIAL WELLNESS TRAINING AND MENTORSHIP THAT HELPS THEM CRAFT THEIR OWN PERSONAL ROAD MAP TO SUCCESS. HOMES OF HOPE CURRENTLY HAS 809 HOUSING CLIENTS, 364 OF THESE ARE CHILDREN.
MEN'S WORKFORCE DEVELOPMENT: THE MEN'S WORKFORCE DEVELOPMENT PROGRAM IS A ONE-YEAR JOB TRAINING AND MENTORING PROGRAM THAT PROVIDES A NECESSARY STEPPING STONE FOR MEN TO BEGIN A NEW LIFE COMPLETELY DRUG AND ALCOHOL FREE. MEN ENTER OUR PROGRAM AFTER COMPLETING AN APPROVED RESIDENTIAL TREATMENT PROGRAM. THEY SPEND THEIR YEAR WITH US COMPLETING BOTH CLASSROOM AND ON-THE-JOB TRAINING IN THE FIELD OF CONSTRUCTION THAT PREPARES THEM TO BE SKILLED EMPLOYEES AND SELF- SUSTAINING ADULTS WHEN THEY GRADUATE. THEIR TRAINING CULMINATES IN THE PRODUCTION OF 4 HOMES FOR FAMILIES AT OR BELOW 30% OF THE AMI. OVER THE LAST 20 YEARS, 326 MEN HAVE COMPLETED OUR PROGRAM.
REVENUE - 3,355,316 - INCOME FROM AFFORDABLE RENTAL HOUSING ACTIVITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Oglesby Executive Di | Officer | 40 | $171,262 |
Mario Brown Trustee/dire | Trustee | 1 | $0 |
William Dekay Trustee/dire | Trustee | 1 | $0 |
Jeremiah Dew Trustee/dire | Trustee | 1 | $0 |
Shirley Gambrell Trustee/dire | Trustee | 1 | $0 |
James Jordon Trustee/dire | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $40,000 |
| Membership dues | $0 |
| Fundraising events | $125,318 |
| Related organizations | $0 |
| Government grants | $1,872,507 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,777,126 |
| Noncash contributions included in lines 1a–1f | $2,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,814,951 |
| Total Program Service Revenue | $3,696,826 |
| Investment income | $6,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,236 |
| Net Income from Fundraising Events | $22,874 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,879,901 |
| 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. | $171,262 |
| Compensation of current officers, directors, key employees. | $34,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,271,820 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $203,988 |
| Advertising and promotion | $0 |
| Office expenses | $21,201 |
| Information technology | $80,550 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,129,332 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,426,519 |
| Insurance | $231,787 |
| All other expenses | $113,889 |
| Total functional expenses | $6,480,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,832,180 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $291,126 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $72,087 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,748 |
| Net Land, buildings, and equipment | $48,422,509 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,080,390 |
| Total assets | $52,743,040 |
| Accounts payable and accrued expenses | $888,396 |
| Grants payable | $0 |
| Deferred revenue | $30,000 |
| 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 | $35,521,570 |
| Total liabilities | $36,439,966 |
| Net assets without donor restrictions | $16,303,074 |
| 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 | $52,743,040 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Homes Of Hope Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Kellett Family Foundation Landrum, SC PURPOSE: CHARITABLE - GENERAL PURPOSE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homes Of Hope Inc Greenville, SC | $52,743,040 | $8,879,901 |
Dhic Inc Raleigh, NC | $31,965,470 | $6,009,696 |
Crossroads Corp For Affordable Housing And Community Dev Inc Charlotte, NC | $3,590,675 | $1,496,977 |
Millbrook Homes Inc Winstonsalem, NC | $1,657,494 | $820,182 |
Champions Community Foundation Inc Johns Creek, GA | $6,758,980 | $1,049,035 |
Fayetteville Area Operationinasmuch Fayetteville, NC | $1,640,883 | $714,527 |
Community Housing Services Agency Inc Savannah, GA | $5,401,354 | $1,041,756 |
Greystone Power Foundation Inc Douglasville, GA | $26,542 | $409,762 |
Midlands Community Development Corporation Columbia, SC | $1,205,990 | $422,874 |
Carver Apartment Inc West Columbia, SC | $572,428 | $395,923 |
Resources For Residents And Communities Of Georgia Inc Atlanta, GA | $739,811 | $205,706 |
Fcs Community Finance Atlanta, GA | $160,786 | $0 |