Hope Recovery Homes Inc
- Assets
- $34.4k
- Revenue
- $239.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Morehead City, NC
- Founding
- 05/2006
- Data as of
- 12/2021
- EIN
- 68-0623953
Organization Overview
Hope Recovery Homes Inc is located in Morehead City, NC. The organization was established in 2006. According to its NTEE Classification (I31) the organization is classified as: Half-Way Houses for Offenders & Ex-Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Hope Recovery Homes Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Recovery Homes 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 12/2021, Hope Recovery Homes Inc generated $239.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $305.3k during the year ending 12/2021. While expenses have increased by 7.5% 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
PROVIDE FOOD, SHELTER, CLOTHING AND A STRUCTURED LIVING ENVIRONMENT FOR 80 MEN AND WOMEN RECOVERING FROM SUBSTANCE AND ALCOHOL ABUSE IN MOREHEAD CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 HOPE RECOVERY HOMES PROVIDED FOOD, SHELTER, CLOTHING, AND A STRUCTURED LIVING ENVIRONMENT FOR 80 MEN AND WOMEN RECOVERING FROM SUBSTANCE AND ALCOHOL ABUSE IN MOREHEAD CITY. ALSO IN 2021, HOPE RECOVERY HOMES SIGNED CONTRACT WITH CRAVEN COUNTY FOR JAIL DIVERSION PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlton Burns Treasurer | OfficerTrustee | 5 | $0 |
Rick Moreau Vice President | OfficerTrustee | 5 | $0 |
Sharon Garner Secretary | OfficerTrustee | 5 | $0 |
Stephen Sullivan President | OfficerTrustee | 5 | $0 |
Tim Wilson Director | Trustee | 5 | $0 |
Dennis Barber Director | Trustee | 5 | $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 | $65,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,980 |
| Total Program Service Revenue | $173,812 |
| 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 | $239,792 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,308 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,934 |
| 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 | $20,353 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $305,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,407 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,407 |
| Accounts payable and accrued expenses | $9,032 |
| 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 | $9,032 |
| Net assets without donor restrictions | $25,375 |
| 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 | $34,407 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Recovery Homes Inc has recieved totaling $48,136.
| Awarding Organization | Amount |
|---|---|
Hope Mission Foundation Morehead City, NC PURPOSE: TO PROVIDE FUNDING TO THE ORGANIZATION SO IT CAN PROVIDE HOUSING ASSISTANCE TO THOSE SUFFERING FROM SUBSTANCE ABUSE AND ADDICTION. | $48,136 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alston Wilkes Society Columbia, SC | $4,278,858 | $14,168,453 |
Tennessee Prison Outreach Ministry Nashville, TN | $3,945,196 | $1,329,930 |
Gemeinschaft Home Harrisonburg, VA | $803,537 | $909,606 |
Next Step Recovery Incorporated Asheville, NC | $89,835 | $555,541 |
Jasmine Road Inc Greenville, SC | $1,336,212 | $831,870 |
Just A Clean House Inc Durham, NC | $30,691 | $371,145 |
Stepping Stones Safe Haven Inc Murfreesboro, TN | $142,011 | $299,111 |
Hope Recovery Homes Inc Morehead City, NC | $34,407 | $239,792 |
Smoky Mountain Dream Center Greeneville, TN | $469,907 | $235,445 |
Angels Charge Ministry Spartanburg, SC | $46,836 | $242,578 |
Karing Heartz Community Development Corporation Jonesboro, GA | $6,070 | $141,897 |
Lighthouse Of The Carolinas Inc Greenwood, SC | $372,119 | $0 |