Overview
What is Hope Renovations?
Hope Renovations is a nonprofit organization located in Chapel Hill, North Carolina. Their primary mission is to empower women and seniors by offering a hands-on training program in the construction trades, enabling them to secure living-wage jobs. Simultaneously, Hope Renovations provides home repairs and renovations for older adults, allowing them to age in place with dignity. The organization's construction program offers valuable on-the-job learning experiences to its trainees, contributing to the development of skilled workers in the construction industry while breaking down gender barriers. With 14 employees, Hope Renovations has trained 18 women and nonbinary individuals during the fiscal year ending June 30, 2022, 70% of whom secured jobs or continued their education in the trades.
Official website here: www.hoperenovations.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Hope Renovations has achieved a commendable 83% overall score, reflecting its strong performance in accountability and finance, with a specific focus on its independent governance structure. The organization boasts a fully independent board, clear financial management, and strong policies in place, such as conflict of interest and whistleblower policies. These practices demonstrate a commitment to transparency and responsible stewardship of resources.
In addition to its financial accountability, Hope Renovations excels in culture and community, scoring an impressive 94%. The organization actively collects and utilizes feedback from constituents, which is evident in its high ratings for feedback collection and usage. This dedication to incorporating community input not only enhances its programs but also fosters trust and engagement with its stakeholders.
While the organization shows notable strengths, it is important to maintain awareness of areas that could benefit from growth or improvement. The overall lower weight in the culture and community category compared to accountability and finance suggests a potential area for the organization to further bolster its community engagement practices. Nevertheless, Hope Renovations is positioned well as a responsible nonprofit committed to its mission and the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Renovations legitimate?
Hope Renovations is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Renovations 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: $69,088
Professional Fundraising Fees: $0
Other Salaries and Wages: $447,439
For more financial information, click here
Official website here: www.hoperenovations.org
What is the mission statement of Hope Renovations?
Hope Renovations' mission is centered around inspiring hope for women and seniors, aiming for a joyful and fulfilling future. They achieve this through two key initiatives. Firstly, they empower unemployed and underemployed women by offering hands-on training in the construction trades, enabling them to secure living-wage jobs in the industry. This initiative helps break down a significant gender barrier in the construction sector, allowing these women to gain confidence and build careers that can support themselves and their families.
Secondly, Hope Renovations provides repairs and renovations to older adults and adults with disabilities, enabling them to age in place. This service not only improves the living conditions of these individuals but also offers valuable on-the-job learning experiences for the women in their training program, who gain hands-on experience working alongside the renovation crew. This dual approach seeks to empower women and improve the lives of seniors, making a positive impact in both these communities.
Official website here: www.hoperenovations.org
Who is the CEO of Hope Renovations?
Nora E Spencer is the Ceo of Hope Renovations. The CEO's salary of Hope Renovations is $69,088 and their total compensation is $75,211.
Official website here: www.hoperenovations.org
What is the revenue of Hope Renovations?
Hope Renovations's revenue in 2022 was $1,020,497.
Official website here: www.hoperenovations.org
Who are the executives of Hope Renovations and what are their salaries?
The average compensation at Hope Renovations during 2022 was $36,895. There are 14 employees and 100 volunteers at Hope Renovations.
Here are 9 key members and their salaries (Hope Renovations's CEO's salary is $69,088 and their total compensation is $75,211):
- Compensation: $69,088
- Related: $0
- Other: $6,123
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hoperenovations.org
Where can I find the form 990 for Hope Renovations?
Hope Renovations's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hoperenovations.org
Learn more at the official website: www.hoperenovations.org
Mission Statement of Hope Renovations
Hope Renovations, a nonprofit organization, inspires hope in women and seniors, striving to create a joyful and fulfilling future for both groups. They achieve this goal through two key initiatives. Firstly, Hope Renovations empowers unemployed and underemployed women by offering a hands-on training program in the construction trades. This program equips these women with the necessary skills to secure living-wage jobs in the industry, thereby breaking down a significant gender barrier in the construction sector. As a result, these women gain confidence and the ability to support themselves and their families.
Secondly, Hope Renovations provides repairs and renovations to enable older adults to age in place. This program focuses on older adults and adults with disabilities, ensuring they can maintain their independence in their own homes. The construction program undertakes repairs, renovations, remodels, modifications, and other projects, thereby offering a valuable on-the-job learning experience to the organization's trainees, who work alongside the crew. By offering these services, Hope Renovations not only improves the living conditions of seniors but also provides practical training to its trainee women, preparing them for successful careers in the construction industry.
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Impact
July, 2024
Hope Renovations inspires hope in women and seniors for a joyful and fulfilling future by empowering women to pursue living-wage jobs in the construction trades through their hands-on training program. They also provide repairs and renovations that enable older adults to stay in their homes as they age. This organization's impact is evident in the lives of the 18 women and nonbinary individuals they trained during the fiscal year ending June 30, 2022. Seventy percent of these individuals successfully entered jobs or continued their education in the trades, breaking down gender barriers in the industry, building confidence, and helping women support themselves and their families. Additionally, their construction program not only benefits older adults and adults with disabilities who wish to age in place but also provides valuable on-the-job learning experiences for their trainees, allowing them to gain practical skills and experience alongside the skilled crew. Hope Renovations's work exemplifies empowerment, skill-building, and community support, creating a positive impact on individuals and society as a whole.
This information is meant to be a general summary of Hope Renovations. 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 2022.
- Investment Income: -$1,507
- Program Service Revenue: $351,031
- Gross Receipts: $1,053,015
Assets and Liabilities:
- Total Assets: $244,453
- Total Liabilities: $126,871
- Net Assets: $117,582
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSTRUCTION
Revenue
$338,578
TRAINING
Revenue
$12,453
Organization Details
Founding Year
2017
Phone
(919) 960-1957Principal Officer
Nora E Spencer
Main Address
3 BOLIN HEIGHTS, CHAPEL HILL, NC, 27514
Website
www.hoperenovations.orgNTEE Category
Code: J20 - Employment
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