Homes Of Hope Inc
- Assets
- $590.5k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 52
- Location
- Normal, IL
- Founding
- 07/1992
- Data as of
- 06/2022
- EIN
- 37-1290594
Organization Overview
Homes Of Hope Inc is located in Normal, IL. The organization was established in 1992. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Homes Of Hope Inc employed 52 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 $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 9.2% 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
TO PROVIDE HOUSING ASSISTANCE AND TRAINING TO DEVELOPMENTALLY DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL LIVING AND SUPPORT FOR INDIVIDUAL RESIDENTS WHOM ARE DEVELOPMENTALLY DISABLED. THE ORGANIZATION OPERATES RESIDENCES IN BLOOMINGTON-NORMAL FOR DISABLED INDIVIDUALS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Wyhs Executive Dir. | Officer | 40 | $111,082 |
Maggie Murphy Severino Vice President | OfficerTrustee | 1 | $0 |
Larry Hopkins Treasurer | OfficerTrustee | 1 | $0 |
Kelly Byrd President | OfficerTrustee | 1 | $0 |
Paula Porter Secretary | OfficerTrustee | 1 | $0 |
Colleen Doering Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,274 |
| Government grants | $1,822,838 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,802 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,948,914 |
| Total Program Service Revenue | $349,920 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,292 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,302,479 |
| 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. | $114,578 |
| Compensation of current officers, directors, key employees. | $57,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,573,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $130,257 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,088 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,785 |
| 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 | $37,913 |
| Insurance | $26,135 |
| All other expenses | $36,645 |
| Total functional expenses | $2,154,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,084 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $175,694 |
| Accounts receivable, net | $40,496 |
| 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 | $139,445 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,800 |
| Total assets | $590,519 |
| Accounts payable and accrued expenses | $140,882 |
| Grants payable | $0 |
| Deferred revenue | $27,240 |
| 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 | $168,122 |
| Net assets without donor restrictions | $422,397 |
| 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 | $590,519 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Homes Of Hope Inc has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |
Community Health Ctr Of Central Missouri Jefferson City, MO | $23,228,826 | $19,931,072 |
Progressive Housing Inc Olympia Fields, IL | $9,843,151 | $16,511,202 |
Service Inc Of Illinois Joliet, IL | $4,263,062 | $14,668,077 |
Behavioral Healthcare Services Inc Owensboro, KY | $8,995,827 | $13,461,445 |
Paraquad Inc St Louis, MO | $25,560,219 | $14,042,236 |
Urban Strategies Inc Saint Louis, MO | $8,412,015 | $14,857,524 |
Operation Threshold Inc Waterloo, IA | $5,831,083 | $12,392,663 |
Pioneer Center For Human Services Mchenry, IL | $8,285,691 | $11,622,289 |
Community Alternatives Unlimited Chicago, IL | $6,938,632 | $11,063,143 |
Faith Healthcare Louisville, KY | $3,715,273 | $10,559,306 |
Rimland Services Nfp Evanston, IL | $9,728,915 | $10,325,660 |