Homes Of Hope For Children Inc
- Assets
- $5.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 27
- Location
- Hattiesburg, MS
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 74-3067795
Organization Overview
Homes Of Hope For Children Inc is located in Hattiesburg, MS. The organization was established in 2003. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Homes Of Hope For Children Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homes Of Hope For Children 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, Homes Of Hope For Children Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 12.7% 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
TO PROVIDE STRONG CHRISTIAN HOMES FOR CHILDREN IN CRISIS THROUGHOUT MISSISSIPPI
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE STRONG CHRISTIAN HOMES FOR CHILDREN IN CRISIS THROUGHOUT MISSISSIPPI
TO PROVIDE STRONG CHRISTIAN HOMES FOR CHILDREN IN CRISIS THROUGHOUT MISSISSIPPI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Garrett Executive Di | 40 | $134,114 | |
Missy Akins Board Member | Officer | 2 | $0 |
Mimi Lowrey Board Member | Officer | 2 | $0 |
Richard Giannini Interim Exe | Officer | 2 | $0 |
Fred Hatten Board Member | Officer | 2 | $0 |
Debbie Sanford Board Member | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $360,396 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,649,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,010,109 |
| Total Program Service Revenue | $0 |
| Investment income | $13,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,351 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,316,815 |
| 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 | $608,683 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,077 |
| Payroll taxes | $41,895 |
| 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 | $7,147 |
| Fees for services: Other | $572,775 |
| Advertising and promotion | $5,903 |
| Office expenses | $60,775 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,013 |
| 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 | $165,000 |
| Insurance | $124,894 |
| All other expenses | $0 |
| Total functional expenses | $1,648,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $828,142 |
| 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 | $3,947,114 |
| Investments—publicly traded securities | $677,271 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,892 |
| Total assets | $5,470,419 |
| Accounts payable and accrued expenses | $52,049 |
| 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 | $52,049 |
| Net assets without donor restrictions | $4,620,505 |
| Net assets with donor restrictions | $797,865 |
| 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 | $5,470,419 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Homes Of Hope For Children Inc has recieved totaling $212,150.
| Awarding Organization | Amount |
|---|---|
His Way Inc Ridgeland, MS PURPOSE: GENERAL ASSISTANCE | $148,401 |
Charity Cars Inc Longwood, FL PURPOSE: TRANSPORTATION | $48,350 |
Ergon Foundation Inc Jackson, MS PURPOSE: GENERAL SUPPORT | $12,500 |
Westrock Foundation Atlanta, GA PURPOSE: MATCHING GIFTS PROGRAM | $1,250 |
Shell Oil Company Foundation Houston, TX PURPOSE: MEF | $700 |
Westrock Foundation Atlanta, GA PURPOSE: MATCHING GIFTS PROGRAM | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |
Total Community Action Inc New Orleans, LA | $98,605,042 | $21,062,110 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Hinds County Human Resource Agency Jackson, MS | $2,640,686 | $19,218,444 |
Community Service Programs Of West Alabama Inc Tuscaloosa, AL | $11,169,657 | $19,088,639 |
Arkansas Early Learning Inc Jonesboro, AR | $12,519,715 | $17,680,686 |
Southeast Tennessee Human Resource Agency Dunlap, TN | $24,351,699 | $17,068,562 |
Community Services Office Of Hot Springs And Garland County Arkansa Hot Springs, AR | $3,711,408 | $16,980,162 |
Mid-Cumberland Community Action Agency Inc Mount Juliet, TN | $5,482,077 | $16,120,135 |
Quad-Area Community Action Agency Inc Hammond, LA | $5,152,022 | $15,819,906 |
Kingsley House Inc New Orleans, LA | $16,073,292 | $14,602,358 |
Ascension Depaul Services New Orleans, LA | $24,961,878 | $14,067,117 |