Civic Intelligence

Homes of Hope Inc

EIN 57-1069688 • 501(c)3 • Greenville, SC

Profile

Homes of hope opens doors for economic mobility through housing, economic, and workforce development.

3 Dunean StreetGreenville, SC 29611

www.homesofhope.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.70x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

5.56x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

16th percentile

-9.7%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

28th percentile

0.3%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-25%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$53,570,177

Up $649,106 (+1.2%) from 2023

Liabilities

Up

$38,505,215

Up $1,236,431 (+3.3%) from 2023

Net Assets

Down

$15,064,962

Down $587,325 (-3.8%) from 2023

Revenue

Up

$7,809,058

Up $1,106,362 (+17%) from 2023

Expenses

Up

$8,396,383

Up $1,042,900 (+14%) from 2023

Net Income

Up

-$587,325

Up $63,462 (+9.8%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2011: $16,063,548Liabilities 2011: $10,367,291Net Assets 2011: $5,696,2572011Assets 2012: $19,362,436Liabilities 2012: $11,900,877Net Assets 2012: $7,461,5592012Assets 2013: $21,105,625Liabilities 2013: $12,844,682Net Assets 2013: $8,260,9432013Assets 2014: $22,468,460Liabilities 2014: $14,241,533Net Assets 2014: $8,226,9272014Assets 2015: $23,421,085Liabilities 2015: $15,165,507Net Assets 2015: $8,255,5782015Assets 2016: $26,727,662Liabilities 2016: $16,764,248Net Assets 2016: $9,963,4142016Assets 2017: $34,298,577Liabilities 2017: $22,274,457Net Assets 2017: $12,024,1202017Assets 2018: $36,105,616Liabilities 2018: $24,533,144Net Assets 2018: $11,572,4722018Assets 2019: $38,601,494Liabilities 2019: $26,698,048Net Assets 2019: $11,903,4462019Assets 2020: $42,331,120Liabilities 2020: $29,114,902Net Assets 2020: $13,216,2182020Assets 2021: $47,375,583Liabilities 2021: $33,471,473Net Assets 2021: $13,904,1102021Assets 2022: $52,743,040Liabilities 2022: $36,439,966Net Assets 2022: $16,303,0742022Assets 2023: $52,921,071Liabilities 2023: $37,268,784Net Assets 2023: $15,652,2872023Assets 2024: $53,570,177Liabilities 2024: $38,505,215Net Assets 2024: $15,064,9622024

Highlighted filing

2024

Assets$53,570,177
Liabilities$38,505,215
Net Assets$15,064,962

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $3,064,302Expenses 2011: $2,372,023Net Income 2011: $692,2792011Revenue 2012: $4,219,155Expenses 2012: $2,453,853Net Income 2012: $1,765,3022012Revenue 2013: $3,454,707Expenses 2013: $2,655,323Net Income 2013: $799,3842013Revenue 2014: $3,121,336Expenses 2014: $3,155,352Net Income 2014: -$34,0162014Revenue 2015: $3,479,209Expenses 2015: $3,450,558Net Income 2015: $28,6512015Revenue 2016: $5,212,414Expenses 2016: $3,504,578Net Income 2016: $1,707,8362016Revenue 2017: $6,230,049Expenses 2017: $4,169,343Net Income 2017: $2,060,7062017Revenue 2018: $4,082,653Expenses 2018: $4,534,301Net Income 2018: -$451,6482018Revenue 2019: $5,303,109Expenses 2019: $4,972,135Net Income 2019: $330,9742019Revenue 2020: $6,591,345Expenses 2020: $5,278,573Net Income 2020: $1,312,7722020Revenue 2021: $6,924,411Expenses 2021: $6,236,519Net Income 2021: $687,8922021Revenue 2022: $8,879,901Expenses 2022: $6,480,937Net Income 2022: $2,398,9642022Revenue 2023: $6,702,696Expenses 2023: $7,353,483Net Income 2023: -$650,7872023Revenue 2024: $7,809,058Expenses 2024: $8,396,383Net Income 2024: -$587,3252024

Highlighted filing

2024

Revenue$7,809,058
Expenses$8,396,383
Net Income-$587,325

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$53.6$38.5$15.1$7.81$8.40$0.59
2023Detailed filing. Detailed filing data is available for this year.$52.9$37.3$15.7$6.70$7.35$0.65
2022Detailed filing. Detailed filing data is available for this year.$52.7$36.4$16.3$8.88$6.48$2.40
2021Detailed filing. Detailed filing data is available for this year.$47.4$33.5$13.9$6.92$6.24$0.69
2020Detailed filing. Detailed filing data is available for this year.$42.3$29.1$13.2$6.59$5.28$1.31
2019Detailed filing. Detailed filing data is available for this year.$38.6$26.7$11.9$5.30$4.97$0.33
2018Detailed filing. Detailed filing data is available for this year.$36.1$24.5$11.6$4.08$4.53$0.45
2017Detailed filing. Detailed filing data is available for this year.$34.3$22.3$12.0$6.23$4.17$2.06
2016Summary only. Only limited summary data is available for this year.$26.7$16.8$9.96$5.21$3.50$1.71
2015Summary only. Only limited summary data is available for this year.$23.4$15.2$8.26$3.48$3.45$0.03
2014Summary only. Only limited summary data is available for this year.$22.5$14.2$8.23$3.12$3.16$0.03
2013Summary only. Only limited summary data is available for this year.$21.1$12.8$8.26$3.45$2.66$0.80
2012Summary only. Only limited summary data is available for this year.$19.4$11.9$7.46$4.22$2.45$1.77
2011Summary only. Only limited summary data is available for this year.$16.1$10.4$5.70$3.06$2.37$0.69
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Feb 25, 2025
Return Version
2023v6.0
Gross Receipts
$7,985,072
Mission and Program Overview

Mission

Homes of hope rebuilds communities and individual lives through housing, economic and workforce development.

Homes of hope opens doors for economic mobility through housing, economic, and workforce development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$49,189,453$51,070,280▲ $1,880,827
Accounts Receivable$395,644$928,645▲ $533,001
Cash and Non-Interest-Bearing Accounts$2,384,618$711,386▼ $1,673,232
Other Notes and Loans Receivable, Net$71,091$70,088▼ $1,003
Prepaid Expenses and Deferred Charges$8,000--
Total Assets$52,921,071$53,570,177▲ $649,106
Other Assets Total$872,265$789,778▼ $82,487
Liabilities
Other Liabilities$36,802,926$38,052,549▲ $1,249,623
Accounts Payable and Accrued Expenses$465,858$434,609▼ $31,249
Deferred Revenue-$18,057-
Total Liabilities$37,268,784$38,505,215▲ $1,236,431
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,652,287$15,064,962▼ $587,325
Total Net Assets Fund Balance$15,652,287$15,064,962▼ $587,325
Total Liabilities and Net Assets / Fund Balance$52,921,071$53,570,177▲ $649,106

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$30,876,019$14,344,746$45,220,765
Other Land Buildings$11,761,976-$11,761,976
Land$8,235,407-$8,235,407
Equipment$196,878$315,362$512,240
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Don OglesbyPresident/ceFT$169,622$169,622
Don OglesbyPresident/CEO-$169,622$169,622

Board Members and Trustees

NameTitle
Paul GaetoChair
Connie WilliamsonVice Chair
Bill DekayDirector
Brian HerseyDirector
Dr Byron Battle SrDirector
Jack JamisonDirector
Liz NilesDirector
Mary SwainDirector
Shirley GambrellDirector
Tim BickelDirector
Tim W RevisDirector
Tony ThomasDirector
Annah W ToatesImmediate Pa
Revenue and Support

Revenue Composition

Contributions and Grants
$3,052,545
Program Service Revenue
$4,283,303
Investment Income
$23,890
Other Revenue
$449,320
All Other Contributions
$2,360,263
Change in Net Assets
$-587,325

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,809,058
Revenue Not Reported on Form 990
$176,014
Total Revenue per Audited Statements
$7,985,072
Total Revenue per Form 990
$7,809,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,163,084
Salaries, Compensation, and Employee Benefits$2,233,299
Total Fundraising Expense$4,809
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,650,941$412,736-$2,063,677
Depreciation Depletion$1,654,766--$1,654,766
Interest$1,235,090$25,206-$1,260,296
Insurance$299,439$74,860-$374,299
All Other Expenses$256,859$48,790$4,809$310,458
Fees for Services Other$153,586$38,397-$191,983
Current Officers, Directors, Trustees, and Key Employees$135,698$33,924-$169,622
Information Technology$100,565$21,086-$121,651
Other Expenses$84,310$21,077-$105,387
Advertising$58,774--$58,774
Office Expenses$17,903$4,475-$22,378
Travel$2,458$614-$3,072
Total Functional Expenses$7,520,426$871,148$4,809$8,396,383

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,572,397
Expenses per Audited Statements$8,396,383
Total Expenses per Form 990$8,396,383
Expenses Not Reported on Form 990$176,014
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$222,289
Fundraising Direct Expenses$176,014
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$533,118$129,100$22,253$106,847
Golf Tournament$93,189$93,189$14,688$78,501
Total Events$626,307$222,289$176,014$46,275
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long-term Debt$29,824,934
Current Portion of Long-term Debt$8,151,508
Security Deposit$76,107
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Board reviews 990 before submission

Form 990, Page 6, Part VI, Line 12C

Enforcement of conflicts policy at least annually, ceo or coo reviews responses to conflict of interest policy signatures and disclosures submitted by board members and follows up, as necessary, directly with the associated board member(s) if potential conflicts exist. In accordance with the organization's written policy, transactions that may result, directly or indirectly, in a conflict of interest must be presented to the president/ceo for those within the organization and to the board chair for directors/officers of the organization for evaluation.

Form 990, Page 6, Part VI, Line 15A

Board approves compensation adjustments for the director

Form 990, Page 6, Part VI, Line 15B

Board approves compensation adjustments for employees

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Homes of Hope Inc
EIN
57-1069688
Phone
8642694663
Address
3 DUNEAN STREET, GREENVILLE, SC 29611

Signing Officer

Name
Don Oglesby
Title
President/CEO
Phone
8642694663
Signed
2025-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Oglesby
Formed
1998
Legal Domicile
Sc
Voting Board Members
13
Independent Board Members
13
Employees
30
Volunteers
1,520

Preparer

Firm
Phillips Cpas & Advisors
Address
201 LAVINIA AVE, GREENVILLE, SC 29601
Preparer
Matthew V Phillips
Phone
8642361380
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Revenue - 4,338,987 - income from affordable rental housing activity

Form 990, Part XI, Line 9

Fundraising events 176,014 fundraising events -176,014

Financial Statement Notes

Schedule D, Page 3, Part X

The organization recognizes the tax benefits from uncertain tax positions only if it is more-likely-than-not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The organization's income tax filings are subject to audit by various taxing authorities. Management believes the adoption of asc 740-10 resulted in no significant impact to the organization's financial statements.

Schedule D, Page 4, Part XI, Line 2D

Fundraising events 176,014

Schedule D, Page 4, Part XII, Line 2D

Fundraising events 176,014

Raw XML AppendixShowing 400 of 577 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12IMMEDIATE PA
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE CHAIR
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IRS990/OtherExpensesGrp/Desc0PROPERTY MANAGEMENT
IRS990/OtherExpensesGrp/Desc1LOSS IN VALUE ON INVESTME
IRS990/OtherExpensesGrp/Desc2BUILDING MAINTENANCE
IRS990/OtherExpensesGrp/Desc3UTILITIES
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08000
IRS990/PrincipalOfficerNm0DON OGLESBY
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IRS990/ProgramServiceRevenueGrp/Desc0HOUSING INCOME
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IRS990/ProgSrvcAccomActy2Grp/Desc0HOUSING AND PROPERTY MANAGEMENT: HOMES OF HOPE OWNS AND OVERSEES THE MANAGEMENT OF 442 AFFORDABLE RENTAL HOMES THROUGHOUT SOUTH CAROLINA. THESE RENTAL HOMES SERVE LOW-TO-MODERATE INCOME HOUSEHOLDS. BY PROVIDING EXCELLENT CUSTOMER CARE AND CONNECTING HOUSEHOLDS TO COMMUNITY RESOURCE OPPORTUNITIES, HOUSING STABILITY IS ESTABLISHED, BARRIERS OF DISTRUST ARE BROKEN, AND OPPORTUNITIES FOR ECONOMIC MOBILITY PATHWAYS ARE CREATED LEADING TO LONG-TERM GENERATIONAL CHANGE. THIS YEAR, 52% OF HOUSEHOLDS CONTAIN CHILDREN.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04255960
IRS990/ProgSrvcAccomActy3Grp/Desc0MEN'S WORKFORCE DEVELOPMENT: THE MEN'S WORKFORCE DEVELOPMENT PROGRAM IS A ONE-YEAR RESIDENTIAL WORKFORCE DEVELOPMENT OPPORTUNITY FOCUSED IN THE FIELD OF CONSTRUCTION. THIS PROGRAM PROVIDES A NECESSARY NEXT STEP FOR MEN TO BEGIN A LIFE OF STABILITY FREE FROM DRUGS AND ALCOHOL. A GRADUATE OF THIS PROGRAM COMPLETES 1200 HOURS OF ON THE JOB TRAINING, 360 HOURS OF DISCIPLESHIP AND 200 HOURS OF CLASSROOM TRAINING AND AN AVERAGE STARTING WAGE OF 18/HOUR. ON THE JOB TRAINING RESULTS IN THE PRODUCTION OF 3 HOMES FOR POVERTY INCOME HOUSEHOLDS. IN 26 YEARS, 335 MEN HAVE GRADUATED THIS PROGRAM.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01226342
IRS990/ProgSrvcAccomActyOtherGrp/Desc0REVENUE - 4,338,987 - INCOME FROM AFFORDABLE RENTAL HOUSING ACTIVITY
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt04283303
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IRS990/QuidProQuoContriDisclInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt01,408,561
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03688213
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LONG-TERM DEBT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CURRENT PORTION OF LONG-TERM DEBT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSIT
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. MANAGEMENT BELIEVES THE ADOPTION OF ASC 740-10 RESULTED IN NO SIGNIFICANT IMPACT TO THE ORGANIZATION'S FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EVENTS 176,014
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EVENTS 176,014
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02000
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA

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