Overview
What is Hope Restorations Inc?
Hope Restorations Inc is a nonprofit organization that focuses on both housing and rehabilitation. They acquire houses for renovation, which is carried out by adults who are recovering from addiction. Once renovated, these houses are either rented or sold to families in need, thereby providing them with safe and energy-efficient housing. Simultaneously, Hope Restorations offers employment, training, recovery support, and various other assistance to the recovering adults, thereby fulfilling its mission to help both these individuals and the struggling families in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star rating.
Hope Restorations Inc has received a 69% rating from Charity Navigator, indicating a moderate level of performance. The Accountability & Finance score of 67 suggests there are some areas for improvement in financial management, while a strong Culture & Community score of 89 reflects positively on the organization's engagement and impact in the community.
The organization exhibits a commendable Program Expense Ratio of 86.65%, which indicates that a significant portion of its expenses is directed towards its programs. Additionally, Hope Restorations has a robust board governance structure, with 100% of its board members being independent, demonstrating a commitment to accountability and ethical oversight.
Despite its strengths, the two-star rating suggests that potential donors may want to consider the areas where improvement is necessary, particularly in financial practices. The organization shows no signs of material diversion of assets, which is a positive indicator, but enhancing financial accountability could further bolster its reputation and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Restorations Inc legitimate?
Hope Restorations Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Restorations 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $485,443
For more financial information, click here
What is the mission statement of Hope Restorations Inc?
Hope Restorations Inc's mission is centered around two key objectives. Firstly, the organization aims to offer employment, training, recovery support, and various forms of assistance to adults who are recovering from addictions. Secondly, Hope Restorations seeks to improve or provide safe, comfortable, and energy-efficient housing for families who are struggling financially. The organization achieves these goals by acquiring houses, renovating them, and then renting or selling them to families in need. By doing so, Hope Restorations not only supports the recovery process of its employees but also contributes to the betterment of housing conditions in the community.
Who is the CEO of Hope Restorations Inc?
Christopher Jenkins is the Executive Di of Hope Restorations Inc.
What is the revenue of Hope Restorations Inc?
Hope Restorations Inc's revenue in 2023 was $699,433.
Who are the executives of Hope Restorations Inc and what are their salaries?
The average compensation at Hope Restorations Inc during 2023 was $34,674. There are 14 employees at Hope Restorations Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Hope Restorations Inc?
Hope Restorations Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Hope Restorations Inc
Hope Restorations Inc, a nonprofit organization, is dedicated to two primary objectives. Firstly, it aims to provide employment, training, recovery, support, and various forms of assistance to adults who are recovering from addiction. By offering these resources, Hope Restorations seeks to empower these individuals and help them rebuild their lives.
Secondly, Hope Restorations is committed to improving or creating safe, comfortable, and energy-efficient housing for struggling families in the community. To achieve this, the organization acquires houses and renovates them, subsequently renting or selling them to these families. By doing so, Hope Restorations not only addresses the housing needs of these families but also contributes to making the community more energy-efficient. In essence, Hope Restorations Inc's mission is to support individuals in recovery while providing affordable and sustainable housing solutions for families in need.
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Impact
July, 2024
Hope Restorations Inc's impact is significant in Kinston, NC, as it provides employment, training, and support to adults recovering from addiction. By acquiring houses to renovate and then renting or selling them to struggling families in the area, the organization not only helps individuals in recovery but also improves the living conditions of families in need. Through its programs, Hope Restorations addresses both housing challenges and the ongoing support necessary for individuals on their journey to recovery, making a positive impact on the community as a whole.
This information is meant to be a general summary of Hope Restorations 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 2023.
- Investment Income: $49,078
- Program Service Revenue: $82,984
- Gross Receipts: $714,429
Assets and Liabilities:
- Total Assets: $1,001,051
- Total Liabilities: $62,367
- Net Assets: $938,684
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REPAIR SERVICES
Revenue
$82,984
Organization Details
Founding Year
2015
Phone
(252) 341-7042Principal Officer
Christopher Jenkins
Main Address
P O BOX 1656, KINSTON, NC, 28503
NTEE Category
Code: L20 - Housing
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