Homes Of Hope Inc

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 08/2022, Homes Of Hope Inc employed 22 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 08/2022, Homes Of Hope Inc generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $6.5m during the year ending 08/2022. While expenses have increased by 9.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HOMES OF HOPE REBUILDS COMMUNITIES AND INDIVIDUAL LIVES THROUGH HOUSING, ECONOMIC AND WORKFORCE DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY DEVELOPMENT: HOMES OF HOPE DEVELOPS SAFE, STABLE, ENERGY-EFFICIENT, AFFORDABLE HOUSING FOR LOW - TO MODERATE - INCOME FAMILIES AND INDIVIDUALS IN SOUTH CAROLINA. WE STRIVE FOR BIG IMPACT, DEVELOPING WHOLE NEIGHBORHOODS AND MIXED-INCOME COMMUNITIES INSTEAD OF JUST A HOUSE AT A TIME. OVER THE LAST 20 YEARS, HOMES OF HOPE HAS DEVELOPED 588 HOMES.


CLIENT DEVELOPMENT: OUR AFFORDABLE HOUSING PROGRAM CONNECTS LOW - TO MODERATE - INCOME FAMILIES WITH SERVICES THAT WILL HELP THEM BOLSTER THEIR FINANCIAL STABILITY. WE FOCUS ON FIRST PLACING FAMILIES IN SAFE, MARKET QUALITY, ENERGY-EFFICIENT HOMES THAT THEY CAN BE PROUD TO CALL HOME. FROM THERE, WE WORK INDIVIDUALLY WITH OUR CLIENTS TO PROVIDE FINANCIAL WELLNESS TRAINING AND MENTORSHIP THAT HELPS THEM CRAFT THEIR OWN PERSONAL ROAD MAP TO SUCCESS. HOMES OF HOPE CURRENTLY HAS 809 HOUSING CLIENTS, 364 OF THESE ARE CHILDREN.


MEN'S WORKFORCE DEVELOPMENT: THE MEN'S WORKFORCE DEVELOPMENT PROGRAM IS A ONE-YEAR JOB TRAINING AND MENTORING PROGRAM THAT PROVIDES A NECESSARY STEPPING STONE FOR MEN TO BEGIN A NEW LIFE COMPLETELY DRUG AND ALCOHOL FREE. MEN ENTER OUR PROGRAM AFTER COMPLETING AN APPROVED RESIDENTIAL TREATMENT PROGRAM. THEY SPEND THEIR YEAR WITH US COMPLETING BOTH CLASSROOM AND ON-THE-JOB TRAINING IN THE FIELD OF CONSTRUCTION THAT PREPARES THEM TO BE SKILLED EMPLOYEES AND SELF- SUSTAINING ADULTS WHEN THEY GRADUATE. THEIR TRAINING CULMINATES IN THE PRODUCTION OF 4 HOMES FOR FAMILIES AT OR BELOW 30% OF THE AMI. OVER THE LAST 20 YEARS, 326 MEN HAVE COMPLETED OUR PROGRAM.


REVENUE - 3,355,316 - INCOME FROM AFFORDABLE RENTAL HOUSING ACTIVITY


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Board, Officers & Key Employees

Name (title)Compensation
Don Oglesby
Executive Di
$171,262
Mario Brown
Trustee/dire
$0
William Dekay
Trustee/dire
$0
Jeremiah Dew
Trustee/dire
$0
Shirley Gambrell
Trustee/dire
$0
James Jordon
Trustee/dire
$0

Financial Statements

Statement of Revenue
Federated campaigns$40,000
Membership dues$0
Fundraising events$125,318
Related organizations$0
Government grants $1,872,507
All other contributions, gifts, grants, and similar amounts not included above$2,777,126
Noncash contributions included in lines 1a–1f $2,500
Total Revenue from Contributions, Gifts, Grants & Similar$4,814,951
Total Program Service Revenue$3,696,826
Investment income $6,671
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$18,236
Net Income from Fundraising Events $22,874
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,879,901

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Homes Of Hope Inc has recieved totaling $2,000.

Awarding OrganizationAmount
Kellett Family Foundation

Landrum, SC

PURPOSE: CHARITABLE - GENERAL PURPOSE

$2,000
View Grant Recipient Profile

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