Shelter Of Hope Inc
- Assets
- $95.7k
- Revenue
- $653.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Ashland, KY
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 61-1148320
Organization Overview
Shelter Of Hope Inc is located in Ashland, KY. The organization was established in 1992. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Shelter Of Hope Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shelter 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 12/2022, Shelter Of Hope Inc generated $653.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $781.9k during the year ending 12/2022. While expenses have increased by 14.1% 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
THE SHELTER OF HOPE'S MISSION IS TO PROVIDE TEMPORARY, EMERGENCY SHELTER AND PERMANENT HOUSING ASSISTANCE FOR INDIVIDUALS AND FAMILIES IN NEED OF TRANSITIONAL SERVICES LEADING THEM TO SELF-SUFFICIENCY. PROVISIONS ARE MADE WITHOUT DISCRIMINATION BECAUSE OF AGE, RACE, COLOR, CREED, RELIGION, SEX, HANDICAP, NATIONAL ORIGIN, FAMILY STATUS, MARITAL STATUS, SEXUAL ORIENTATION, OR GENDER IDENTITY. THE SHELTER OF HOPE SERVES BOYD, CARTER, GREENUP, ELLIOTT, AND LAWRENCE COUNTIES IN KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHELTER OF HOPE PROVIDES THE FOLLOWING SERVICES FOR INDIVIDUALS, FAMILIES AND VETERANS WHO ARE HOMELESS OR AT RISK OF BEING HOMELESS: SHORT-TERM TEMPORARY EMERGENCY HOUSING (10 FULLY FURNISHED APARTMENTS) RESIDENTS RECEIVE ASSISTANCE FROM AN IN-HOUSE PANTRY, HOUSEHOLD FURNISHINGS, PERSONAL HYGIENE ITEMS & CLEANING SUPPLIES TBRA (TENANT BASED RENTAL ASSISTANCE) SUPPLEMENTS AN INDIVIDUAL'S RENT (UP TO A MAXIMUM OF TWO YEARS) UNTIL THEIR SECTION 8 (HUD) VOUCHERS ARE APPROVED RAPID RE-HOUSING - ASSISTS DEFINED HOMELESS INDIVIDUALS AND FAMILIES TO LOCATE HOUSING AND DEPOSIT ASSISTANCE, IF NEEDED PREVENTION PROGRAM - ASSISTS AT-RISK INDIVIDUALS WITH CASEWORK, HOUSING REFERRALS AND OTHER FINANCIAL ASSISTANCE AS NEEDED COLLABORATION/REFERRALS WITH OTHER SOCIAL AGENCIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Boggs Board Member | Trustee | 5 | $0 |
Sonny Carpenter Board Member | Trustee | 5 | $0 |
Mackey Gaskin Board Member | Trustee | 5 | $0 |
Heather Shelton Board Member | Trustee | 5 | $0 |
Ruthanne Delong Treasurer | Officer | 5 | $0 |
Brynn Fitzpatrick Vice - Chair | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $550,544 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,734 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $649,278 |
| Total Program Service Revenue | $0 |
| Investment income | $3,486 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $717 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $653,481 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $353,116 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,236 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,394 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,187 |
| 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 | $31,916 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,003 |
| Travel | $5,779 |
| 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 | $3,819 |
| Insurance | $16,023 |
| All other expenses | $0 |
| Total functional expenses | $781,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,457 |
| Savings and temporary cash investments | $40,166 |
| 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 | $0 |
| Net Land, buildings, and equipment | $51,039 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $95,662 |
| Accounts payable and accrued expenses | $7,942 |
| 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 | $7,942 |
| 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 | $87,720 |
| Total liabilities and net assets/fund balances | $95,662 |