Overview
What is Homes Of Hope Inc?
Homes of Hope Inc, based in Albemarle, North Carolina, is a leading organization dedicated to addressing homelessness in Stanly County. As a member of several local partnerships, such as the Stanly County United Way and the Regional Continuum of Care for NC Coalition to End Homelessness, Homes of Hope Inc is actively involved in providing support to those in need. During the fiscal year 2022-2023, they operated three programs: Transitional Housing, Permanent Supportive Housing, and the Community Inn, an emergency overnight shelter. Transitional Housing offers temporary housing for families and individuals experiencing homelessness, providing essentials like rent, utilities, and furniture, with the goal of achieving self-sufficiency within six months. Comprehensive skills classes, intense case management, mentoring, and resource referrals are also provided. In the past fiscal year, 20 families benefited from this program. Permanent Supportive Housing (PSH) is a model that combines affordable housing and supportive services to help individuals and families lead more stable lives. Homes of Hope Inc operates four PSH houses that served six families during the fiscal year. The Community Inn is an emergency overnight shelter providing dinner, breakfast, shower facilities, safe sleeping spaces, resource information, and case management. During the past fiscal year, 160 individuals, including 138 adults and 22 children, were served at the Community Inn. Homes of Hope Inc also relies heavily on volunteer support, with 932 volunteers contributing over 3,287 hours of service during the fiscal year. In their mission to make homelessness a rare, one-time occurrence, they work closely with community resource partners.
Official website here: www.homesofhopestanly.org
Is Homes Of Hope Inc legitimate?
Homes Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homes Of Hope Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $55,296
Professional Fundraising Fees: $0
Other Salaries and Wages: $199,543
For more financial information, click here
Official website here: www.homesofhopestanly.org
What is the mission statement of Homes Of Hope Inc?
Homes of Hope Inc's mission is centered around providing temporary and emergency housing, as well as secured shelter, for individuals and families experiencing financial hardships. They strive to help these individuals become self-sufficient within a six-month period by offering comprehensive skills classes, intense case management, mentoring, and resource referrals. The organization also operates permanent supportive housing programs, targeting individuals with multiple barriers to housing, and an emergency overnight shelter facility. Homes of Hope Inc works diligently with community resource partners to make homelessness a rare, one-time occurrence in the lives of the guests they serve. They rely on volunteer support to achieve their objectives.
Official website here: www.homesofhopestanly.org
What is the revenue of Homes Of Hope Inc?
Homes Of Hope Inc's revenue in 2024 was $357,864.
Official website here: www.homesofhopestanly.org
Who are the executives of Homes Of Hope Inc and what are their salaries?
The average compensation at Homes Of Hope Inc during 2024 was $18,203. There are 14 employees and 1082 volunteers at Homes Of Hope Inc.
Here are 11 key members and their salaries:
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Official website here: www.homesofhopestanly.org
Where can I find the form 990 for Homes Of Hope Inc?
Homes Of Hope Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.homesofhopestanly.org
Learn more at the official website: www.homesofhopestanly.org
Mission Statement of Homes Of Hope Inc
Homes Of Hope Inc, as a leading homeless services provider, is committed to providing temporary and emergency housing, as well as secure shelters. Their mission is to assist individuals and families experiencing homelessness, offering them a chance to regain stability and self-sufficiency. Homes Of Hope operates various programs during a fiscal year, including transition housing, permanent supportive housing, and an emergency overnight shelter at the Community Inn.
In the transition housing program, Homes Of Hope utilizes 11 properties to offer temporary housing for families and individuals experiencing homelessness. The organization provides essentials such as rent, utilities, phone services, and furnishings, aiming to help families achieve self-sufficiency within six months. Comprehensive skills and classes, intense case management, mentoring, and resource referrals are offered during this period. During the fiscal year, Homes Of Hope provided transition housing for 20 families dealing with homelessness.
Permanent supportive housing (PSH) is another model adopted by Homes Of Hope to help individuals and families lead more stable lives. PSH combines low-barrier affordable housing and supportive services to aid people who are homeless or unstably housed and have multiple barriers to housing stability. PSH typically targets individuals and families who cannot maintain housing stability without supportive services. Homes Of Hope operated 4 houses following the PSH model, serving 6 families during the fiscal year.
The Community Inn serves as an emergency overnight shelter facility, operating daily from 6 pm to 7 am. Homes Of Hope provides dinner, breakfast, a shower, safe sleeping spaces, resource information, and case management at the Community Inn. During the past fiscal year, Homes Of Hope served 160 people, including 138 adults and 22 children, at the Community Inn. Homes Of Hope works diligently with community resource partners to make homelessness a rare, one-time occurrence in the lives of the guests they serve.
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Impact
October, 2024
Homes Of Hope Inc. has significantly impacted the community of Stanly County by addressing the urgent need for housing stability among its most vulnerable populations. Through its various programs, it provides essential temporary, emergency, and low-income housing solutions.
During the fiscal year from July 2022 to June 2023, Homes Of Hope facilitated transitional housing for 20 families experiencing homelessness. These families receive support covering rent, utilities, furnishings, and comprehensive case management aimed at achieving self-sufficiency within six months. The emphasis on skill development and resource referrals ensures that participants are empowered to regain their independence.
The organization also operates a Permanent Supportive Housing model, which offers low-barrier affordable housing combined with necessary supportive services. In the past year, six families benefitted from this program, which targets individuals facing multiple barriers to maintaining stable housing.
In addition to these programs, Homes Of Hope manages the Community Inn, which serves as an emergency overnight shelter. Over the last fiscal year, it provided a safe haven for 160 individuals—including 138 adults and 22 children—offering essential services like meals, showers, and case management.
The organization's collaborative efforts with local partners, such as the Stanly County United Way and the regional continuum of care coalition, further amplify its effectiveness in tackling homelessness as a community issue. With over 932 volunteers contributing more than 3,287 hours of service, Homes Of Hope reflects a strong community commitment to making homelessness a rare occurrence and enhancing the quality of life for those in need.
This information is meant to be a general summary of Homes Of Hope Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Program Service Revenue: $243,010
- Gross Receipts: $357,864
Assets and Liabilities:
- Total Assets: $235,911
- Total Liabilities: $15,890
- Net Assets: $220,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLIC SUPPORT
Revenue
$179,080
PROGRAM SERVICE
Revenue
$31,350
FUNDRASING BREAKFAST
Revenue
$6,362
GAIN SALE OF FIXED ASSE
Revenue
$26,218
Organization Details
Founding Year
2005
Principal Officer
Lashanta R Watkins
Website
www.homesofhopestanly.orgNTEE Category
Code: L40 - Housing
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