Housing For New Hope Inc

Organization Overview

Housing For New Hope Inc is located in Durham, NC. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 08/2021, Housing For New Hope Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing For New 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 08/2021, Housing For New Hope Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $3.3m during the year ending 08/2021. While expenses have increased by 6.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ENDING HOMELESSNESS IN DURHAM, NORTH CAROLINA

Describe the Organization's Program Activity:

Part 3 - Line 4a

RAPID RE-HOUSING - PROVIDES TIME-LIMITED FINANCIAL ASSISTANCE WITH HOUSING COSTS, SUPPORT FOR MOVE-IN-RELATED EXPENSES AND SUPPORTIVE SERVICES TAILORED TO CLIENT NEEDS WITH THE GOAL OF CLIENTS REMAINING STABLY HOUSED EVEN AFTER FINANCIAL SUPPORT ENDS.


SUPPORTIVE HOUSING - ENSURES CHRONICALLY HOMELESS INDIVIDUALS WITH DISABLING CONDITIONS ARE CONNECTED TO STABLE HOUSING AND LONG-TERM SUPPORTIVE SERVICES. HNH OFFERS 44 UNITS OF SUPPORTIVE HOUSING AT ITS ANDOVER AND WILLIAMS SQUARE APARTMENT COMMUNITIES AND PARTNERS WITH A GROWING NETWORK OF PRIVATE LANDLORDS TO PROVIDE COMMUNITY-BASED HOUSING OPTIONS AROUND DURHAM.


STREET OUTREACH - CONNECTS TO OUR UNSHELTERED NEIGHBORS TO BUILD A TRUSTING RELATIONSHIP WITH AN AIM TOWARD CONNECTING FOLKS TO TEMPORARY AND/OR PERMANENT HOUSING.


RAPID RE-HOUSING - PROVIDES TIME-LIMITED FINANCIAL ASSISTANCE WITH HOUSING COSTS, SUPPORT FOR MOVE-IN-RELATED EXPENSES AND SUPPORTIVE SERVICES TAILORED TO CLIENT NEEDS WITH THE GOAL OF CLIENTS REMAINING STABLY HOUSED EVEN AFTER FINANCIAL SUPPORT ENDS.


SUPPORTIVE HOUSING - ENSURES CHRONICALLY HOMELESS INDIVIDUALS WITH DISABLING CONDITIONS ARE CONNECTED TO STABLE HOUSING AND LONG-TERM SUPPORTIVE SERVICES. HNH OFFERS 44 UNITS OF SUPPORTIVE HOUSING AT ITS ANDOVER AND WILLIAMS SQUARE APARTMENT COMMUNITIES AND PARTNERS WITH A GROWING NETWORK OF PRIVATE LANDLORDS TO PROVIDE COMMUNITY-BASED HOUSING OPTIONS AROUND DURHAM.


STREET OUTREACH - CONNECTS TO OUR UNSHELTERED NEIGHBORS TO BUILD A TRUSTING RELATIONSHIP WITH AN AIM TOWARD CONNECTING FOLKS TO TEMPORARY AND/OR PERMANENT HOUSING.


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Board, Officers & Key Employees

Name (title)Compensation
Russell Pierce
Executive Director
$109,676
Sarah T Meiners
Chair
$0
Charles Lee
Vice Chair
$0
Rev Chris Breslin
Secretary
$0
Rev Bob Kaynor
Treasurer
$0
Dawn Bland
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,197,338
All other contributions, gifts, grants, and similar amounts not included above$1,175,282
Noncash contributions included in lines 1a–1f $22,600
Total Revenue from Contributions, Gifts, Grants & Similar$3,372,620
Total Program Service Revenue$325,143
Investment income $3,830
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 $3,701,593

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Housing For New Hope Inc has recieved totaling $381,485.

Awarding OrganizationAmount
Stewards Fund

Clinton, NC

PURPOSE: GRANT FOR HOUSING COLLABORATIVE PROJECTS

$100,000
North Carolina Coalition To End Homelessness Inc

Raleigh, NC

PURPOSE: AID TO HOMELESS

$97,056
Forest At Duke Inc

Durham, NC

PURPOSE: OPERATING SUPPORT

$35,000
United Way Of The Greater Triangle Inc

Durham, NC

PURPOSE: GENERAL SUPPORT

$34,134
Stewards Fund

Clinton, NC

PURPOSE: CHALLENGE GRANT FOR GENERAL OPERATING SUPPORT

$33,814
F M Kirby Foundation Inc

Morristown, NJ

PURPOSE: IN SUPPORT OF 501C3 PURPOSE

$30,000
View Grant Recipient Profile

Endowment Analysis

Earnings$659
Admin Expense$75
Net Contributions$24,750
Ending Balance$25,334

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