Renovation Alliance
- Assets
- $344.6k
- Revenue
- $512.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Roanoke, VA
- Founding
- 02/2000
- Data as of
- 06/2021
- EIN
- 54-1961045
Organization Overview
Renovation Alliance is located in Roanoke, VA. The organization was established in 2000. 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 06/2021, Renovation Alliance employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renovation Alliance 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 06/2021, Renovation Alliance generated $512.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $547.6k during the year ending 06/2021. While expenses have increased by 3.7% per year over the past 6 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
THE ORGANIZATION PROVIDES LIGHT TO MEDIUM RENOVATIONS TO THE HOMES OF INDIGENT HOMEOWNERS AND NON-PROFIT ORGANZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES LIGHT TO MEDIUM RENOVATIONS TO THE HOMES OF INDIGENT HOMEOWNERS AND NON-PROFIT ORGANZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Gross Treasurer | Officer | 10 | $0 |
Ben Fink Secretary | Officer | 1 | $0 |
Allison Wolf Vice President | Officer | 1 | $0 |
Cindy Martin President | Officer | 1 | $0 |
Jeffrey Comer Board | Trustee | 1 | $0 |
Kit Hale Board | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $489,702 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,334 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $512,844 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $87,644 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,000 |
| Payroll taxes | $28,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,124 |
| Advertising and promotion | $4,872 |
| Office expenses | $5,055 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,689 |
| Travel | $1,309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,390 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,357 |
| Insurance | $21,083 |
| All other expenses | $0 |
| Total functional expenses | $547,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,690 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $344,556 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $344,556 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Renovation Alliance has recieved totaling $147,245.
| Awarding Organization | Amount |
|---|---|
Roanoke Womens Foundation Roanoke, VA | | $75,000 |
Community Foundation Serving Western Virginia Roanoke, VA PURPOSE: HUMAN SERVICES | $72,235 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern West Virginia Community Action Inc Moorefield, WV | $1,421,827 | $4,960,389 |
Dhic Inc Raleigh, NC | $31,965,470 | $6,009,696 |
Habitat For Humanity International Leesburg, VA | $1,817,454 | $3,499,520 |
Housing Initiative Partnership Inc Hyattsville, MD | $6,736,869 | $3,837,345 |
National Community Stabilization Trust Llc Washington, DC | $3,856,254 | $2,826,968 |
Promise Development Corporation Memphis, TN | $5,823,077 | $3,033,896 |
Habitat For Humanity International Inc Fredericksburg, VA | $1,919,221 | $2,299,173 |
Housing Oriented Ministries Established For Services Inc Whitesburg, KY | $4,625,979 | $1,907,969 |
Crossroads Corp For Affordable Housing And Community Dev Inc Charlotte, NC | $3,590,675 | $1,496,977 |
Rebuilding Together Montgomery County Inc Gaithersburg, MD | $841,323 | $1,634,994 |
Millbrook Homes Inc Winstonsalem, NC | $1,657,494 | $820,182 |
Hampton Roads Housing Assistants Inc Chesapeake, VA | $311,808 | $1,030,750 |