Homes Of Hope Inc
- Assets
- $52.9m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 30
- Location
- Greenville, SC
- Founding
- 08/1999
- Data as of
- 08/2023
- 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 08/2023, Homes Of Hope Inc employed 30 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 08/2023, Homes Of Hope Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $7.4m during the year ending 08/2023. While expenses have increased by 8.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOMES OF HOPE OPENS DOORS FOR ECONOMIC MOBILITY THROUGH HOUSING, ECONOMIC, AND WORKFORCE DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REAL ESTATE DEVELOPMENT: HOMES OF HOPE DEVELOPS AFFORDABLE AND ENERGY EFFICIENT HOMES THAT ARE INDISTINGUISHABLE FROM MARKET RATE HOMES. HOUSING DEVELOPMENT EFFORTS ARE FOCUSED ON CREATING HEALTHY MIXED INCOME COMMUNITIES THROUGHOUT SOUTH CAROLINA. IN 25 YEARS, HOMES OF HOPE HAS DEVELOPED 700 HOMES.
REVENUE - 4,338,987 - INCOME FROM AFFORDABLE RENTAL HOUSING ACTIVITY
HOUSING AND PROPERTY MANAGEMENT: HOMES OF HOPE OWNS AND OVERSEES THE MANAGEMENT OF 432 AFFORDABLE RENTAL HOMES THROUGHOUT SOUTH CAROLINA. THESE RENTAL HOMES SERVE LOW-TO-MODERATE INCOME HOUSEHOLDS. BY PROVIDING EXCELLENT CUSTOMER CARE AND CONNECTING HOUSEHOLDS TO COMMUNITY RESOURCE OPPORTUNITIES, HOUSING STABILITY IS ESTABLISHED, BARRIERS OF DISTRUST ARE BROKEN, AND OPPORTUNITIES FOR ECONOMIC MOBILITY PATHWAYS ARE CREATED LEADING TO LONG-TERM GENERATIONAL CHANGE. THIS YEAR, 44% OF PEOPLE IN HOMES OF HOPE RENTAL HOMES ARE UNDER THE AGE 18.
MEN'S WORKFORCE DEVELOPMENT: THE MEN'S WORKFORCE DEVELOPMENT PROGRAM IS A ONE-YEAR RESIDENTIAL WORKFORCE DEVELOPMENT OPPORTUNITY FOCUSED IN THE FIELD OF CONSTRUCTION. THIS PROGRAM PROVIDES A NECESSARY NEXT STEP FOR MEN TO BEGIN A LIFE OF STABILITY FREE FROM DRUGS AND ALCOHOL. A GRADUATE OF THIS PROGRAM COMPLETES 1200 HOURS OF ON THE JOB TRAINING, 360 HOURS OF DISCIPLESHIP AND 200 HOURS OF CLASSROOM TRAINING AND AN AVERAGE STARTING WAGE OF 18/HOUR. ON THE JOB TRAINING RESULTS IN THE PRODUCTION OF 3 HOMES FOR POVERTY INCOME HOUSEHOLDS. IN 25 YEARS, 326 MEN HAVE GRADUATED THIS PROGRAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Oglesby Executive Di | Officer | 40 | $185,045 |
Tim Bickel Trustee/dire | Trustee | 1 | $0 |
Mario Brown Vice Chair | Trustee | 1 | $0 |
William Dekay Trustee/dire | Trustee | 1 | $0 |
Paul Gaeto Trustee/dire | Trustee | 1 | $0 |
Shirley Gambrell Trustee/dire | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $40,000 |
| Membership dues | $0 |
| Fundraising events | $288,179 |
| Related organizations | $0 |
| Government grants | $251,627 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,682,088 |
| Noncash contributions included in lines 1a–1f | $11,807 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,261,894 |
| Total Program Service Revenue | $4,338,987 |
| Investment income | $15,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42,918 |
| Net Income from Fundraising Events | -$4,887 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,702,696 |
| 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. | $185,045 |
| Compensation of current officers, directors, key employees. | $37,009 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,457,786 |
| 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 | $152,335 |
| Advertising and promotion | $38,465 |
| Office expenses | $49,021 |
| Information technology | $122,879 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,205,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,428,281 |
| Insurance | $324,389 |
| All other expenses | $173,170 |
| Total functional expenses | $7,353,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,384,618 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $395,644 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $71,091 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,000 |
| Net Land, buildings, and equipment | $49,189,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $872,265 |
| Total assets | $52,921,071 |
| Accounts payable and accrued expenses | $465,858 |
| 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 | $36,802,926 |
| Total liabilities | $37,268,784 |
| Net assets without donor restrictions | $15,652,287 |
| 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 | $52,921,071 |