Civic Intelligence

Hope Renovations

990 • Fiscal year 2023 • EIN 82-3675207

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 03, 2024

Organization ProfileWWW.HOPERENOVATIONS.ORG

View Organization Page

3 Bolin HeightsChapel Hill, NC 27514

(919) 960-1957

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$709,125

Flat from 2023

Net Assets

Flat

$614,438

Flat from 2023

Liabilities

Flat

$94,687

Flat from 2023

Revenue And Expenses

Revenue

Flat

$1,896,731

Flat from 2023

Expenses

Flat

$1,400,275

Flat from 2023

Net Income

Flat

$496,456

Flat from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2020: $264,629Liabilities 2020: $126,689Net Assets 2020: $137,9402020Assets 2021: $248,381Liabilities 2021: $112,224Net Assets 2021: $136,1572021Assets 2022: $244,453Liabilities 2022: $126,871Net Assets 2022: $117,5822022Assets 2023: $709,125Liabilities 2023: $94,687Net Assets 2023: $614,4382023Assets 2023: $709,125Liabilities 2023: $94,687Net Assets 2023: $614,4382023Assets 2024: $1,050,144Liabilities 2024: $183,635Net Assets 2024: $866,5092024

Highlighted filing

2023

Assets$709,125
Liabilities$94,687
Net Assets$614,438
Open 2023 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2020: $587,895Expenses 2020: $485,230Net Income 2020: $102,6652020Revenue 2021: $351,606Expenses 2021: $354,193Net Income 2021: -$2,5872021Revenue 2022: $1,020,497Expenses 2022: $1,039,072Net Income 2022: -$18,5752022Revenue 2023: $1,896,731Expenses 2023: $1,400,275Net Income 2023: $496,4562023Revenue 2023: $1,896,731Expenses 2023: $1,400,275Net Income 2023: $496,4562023Revenue 2024: $1,776,798Expenses 2024: $1,498,748Net Income 2024: $278,0502024

Highlighted filing

2023

Revenue$1,896,731
Expenses$1,400,275
Net Income$496,456
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 3, 2024
Return Version
2022v5.0
Gross Receipts
$1,896,731
Mission and Program Overview

Mission

We inspire hope in women and seniors for a joyful and fulfilling future. We do this by empowering women to pursue living-wage jobs in the construction trades via our hands-on training program, and by providing repairs and renovations that enable older adults to stay in their homes as they age. Our training program serves unemployed and underemployed women, helping them gain the skills they need to work in the construction trades, and connecting them to employers. This work breaks down a significant gender barrier in the industry while helping women build confidence, and pursue careers that can allow them to support themselves and their families. Our construction program carries out repairs, renovations, remodels, modifications and other projects with a primary focus on older adults and adults with disabilities who wish to age in place. In addition, this program provides a valuable on-the-job learning experience to our trainees, who gain hands-on experience alongside our crew.

We inspire hope in women and seniors for a joyful and fulfilling future. We do this by empowering women to pursue living-wage jobs in the construction trades via our hands-on training program, and by providing repairs and renovations that enable older adults to stay in their homes as they age.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$76,088$559,697▲ $483,609
Cash and Non-Interest-Bearing Accounts$128,219$109,406▼ $18,813
Land, Buildings, and Equipment, Net$8,753$12,674▲ $3,921
Prepaid Expenses and Deferred Charges$1,485$1,615▲ $130
Intangible Assets$607$467▼ $140
Total Assets$244,453$709,125▲ $464,672
Other Assets Total$29,301$25,266▼ $4,035
Liabilities
Other Liabilities$90,110$58,727▼ $31,383
Accounts Payable and Accrued Expenses$26,961$27,513▲ $552
Unsecured Notes Loans Payable$9,800$8,447▼ $1,353
Total Liabilities$126,871$94,687▼ $32,184
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$117,582$614,438▲ $496,856
Total Net Assets Fund Balance$117,582$614,438▲ $496,856
Total Liabilities and Net Assets / Fund Balance$244,453$709,125▲ $464,672
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nora E SpencerCEOFT$98,269$98,269

Board Members and Trustees

NameTitle
Carrie NorryBoard Chairm
Alaina GarmanDirector
Cindy CovingtonDirector
Jennifer HoffmanDirector
Leah AdenijiDirector
Patricia SpriggDirector
Claire CoffeyDirector/tre
Maryah Smith-overmanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,575,806
Program Service Revenue
$315,960
Investment Income
$25
Other Revenue
$4,940
All Other Contributions
$1,299,313
Change in Net Assets
$496,456

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$36,131
Total Noncash Contributions1$36,131
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$888,475
Other Expenses$511,800
Total Fundraising Expense$71,831
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$570,307$58,556$22,561$651,424
Current Officers, Directors, Trustees, and Key Employees-$78,615$19,654$98,269
Fees for Services Other$78,585$10,259$4,800$93,644
Insurance$55,410$19,289-$74,699
Other Employee Benefits$58,934$10,409-$69,343
Occupancy$29,198$25,656-$54,854
Payroll Taxes$39,672$7,749$5,159$52,580
All Other Expenses$18,496$18,921$4,047$41,464
Fees for Services Accounting-$29,929-$29,929
Depreciation Depletion-$21,600-$21,600
Pension Plan Contributions$14,327$2,532-$16,859
Other Expenses$14,458-$50$14,508
Office Expenses$5,203$4,026$3,888$13,117
Fees for Services Management--$10,000$10,000
Information Technology$4,195$5,734-$9,929
Conferences and Meetings$9,636--$9,636
Interest-$3,356-$3,356
Advertising-$766$672$1,438
Total Functional Expenses$1,031,047$297,397$71,831$1,400,275
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Auto Loans$35,357
Customer Deposits$23,370
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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

“The form 990 was reveiwed by the ceo and board chair. It was also shared with the board for their review prior to filing.”

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

“The board was provided with the conflict of interest policy for review. In addition, as board members were added, each board member disclosed potential conflicts of interest. If any conflicts arose, appropriate steps were taken and everyone was made aware of the policy and provided with the policy document.”

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

“Hope renovations executive compensation committee discussed compensation for the ceo and approved an annual salary of 100,000 per year as of january 1, 2023.”

Form 990, Page 6, Part VI, Line 19

“All documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Hope Renovations
EIN
82-3675207
Phone
9199601957
Address
3 BOLIN HEIGHTS, CHAPEL HILL, NC 27514

Signing Officer

Name
Nora E Spencer
Title
CEO
Phone
9199218460
Signed
2024-01-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nora E Spencer
Formed
2017
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
17
Volunteers
100

Preparer

Firm
Joel I Levy CPA Pllc
Address
410 MARTIN LUTHER KING JR BLVD, CHAPEL HILL, NC 27514
Preparer
Joel I Levy
Phone
9193707631
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“We inspire hope in women and seniors for a joyful and fulfilling future. We do this by empowering women to pursue living-wage jobs in the construction trades via our hands-on training program, and by providing repairs and renovations that enable older adults to stay in their homes as they age. Our training program serves unemployed and underemployed women, helping them gain the skills they need to work in the construction trades, and connecting them to employers. This work breaks down a significant gender barrier in the industry while helping women build confidence, and pursue careers that can allow them to support themselves and their families. Our construction program carries out repairs, renovations, remodels, modifications and other projects with a primary focus on older adults and adults with disabilities who wish to age in place. In addition, this program provides a valuable on-the-job learning experience to our trainees, who gain hands-on experience alongside our crew.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 140 prior period adjustment 260 total 400”

Raw XML AppendixShowing 400 of 418 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt026961
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt027513
IRS990/AccountsReceivableGrp/BOYAmt076088
IRS990/AccountsReceivableGrp/EOYAmt0559697
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0WE INSPIRE HOPE IN WOMEN AND SENIORS FOR A JOYFUL AND FULFILLING FUTURE. WE DO THIS BY EMPOWERING WOMEN TO PURSUE LIVING-WAGE JOBS IN THE CONSTRUCTION TRADES VIA OUR HANDS-ON TRAINING PROGRAM, AND BY PROVIDING REPAIRS AND RENOVATIONS THAT ENABLE OLDER ADULTS TO STAY IN THEIR HOMES AS THEY AGE.
IRS990/AdvertisingGrp/FundraisingAmt0672
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0766
IRS990/AdvertisingGrp/TotalAmt01438
IRS990/AllOtherContributionsAmt01299313
IRS990/AllOtherExpensesGrp/FundraisingAmt04047
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt018921
IRS990/AllOtherExpensesGrp/ProgramServicesAmt018496
IRS990/AllOtherExpensesGrp/TotalAmt041464
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0NORA E SPENCER
IRS990/BooksInCareOfDetail/PhoneNum09199601957
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0616 OAK CREST DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHAPEL HILL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027516
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0128219
IRS990/CashNonInterestBearingGrp/EOYAmt0109406
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt019654
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt078615
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt098269
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt09636
IRS990/ConferencesMeetingsGrp/TotalAmt09636
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01575806
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt025
IRS990/CYOtherExpensesAmt0511800
IRS990/CYOtherRevenueAmt04940
IRS990/CYProgramServiceRevenueAmt0315960
IRS990/CYRevenuesLessExpensesAmt0496456
IRS990/CYSalariesCompEmpBnftPaidAmt0888475
IRS990/CYTotalExpensesAmt01400275
IRS990/CYTotalFundraisingExpenseAmt071831
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01896731
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt021600
IRS990/DepreciationDepletionGrp/TotalAmt021600
IRS990/Desc0WOMEN'S TRADES TRAINING PROGRAM - DURING FYE 06/30/2023,WE TRAINED 22 WOMEN AND NONBINARY FOLKS. 73% OF THOSE WENT INTO JOBS OR CONTINUING EDUCATION IN THE TRADES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt017
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0174147
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt029929
IRS990/FeesForServicesAccountingGrp/TotalAmt029929
IRS990/FeesForServicesManagementGrp/FundraisingAmt010000
IRS990/FeesForServicesManagementGrp/TotalAmt010000
IRS990/FeesForServicesOtherGrp/FundraisingAmt04800
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt010259
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt078585
IRS990/FeesForServicesOtherGrp/TotalAmt093644
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt060.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0NORA E SPENCER
IRS990/Form990PartVIISectionAGrp/PersonNm1LEAH ADENIJI
IRS990/Form990PartVIISectionAGrp/PersonNm2CLAIRE COFFEY
IRS990/Form990PartVIISectionAGrp/PersonNm3CINDY COVINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm4ALAINA GARMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5JENNIFER HOFFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6CARRIE NORRY
IRS990/Form990PartVIISectionAGrp/PersonNm7MARYAH SMITH-OVERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm8PATRICIA SPRIGG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt098269
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR/TRE
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD CHAIRM
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0276493
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01896731
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt05734
IRS990/InformationTechnologyGrp/ProgramServicesAmt04195
IRS990/InformationTechnologyGrp/TotalAmt09929
IRS990/InsuranceGrp/ManagementAndGeneralAmt019289
IRS990/InsuranceGrp/ProgramServicesAmt055410
IRS990/InsuranceGrp/TotalAmt074699
IRS990/IntangibleAssetsGrp/BOYAmt0607
IRS990/IntangibleAssetsGrp/EOYAmt0467
IRS990/InterestGrp/ManagementAndGeneralAmt03356
IRS990/InterestGrp/TotalAmt03356
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt025
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt025
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt065341
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08753
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012674
IRS990/LandBldgEquipCostOrOtherBssAmt078015
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0WE INSPIRE HOPE IN WOMEN AND SENIORS FOR A JOYFUL AND FULFILLING FUTURE. WE DO THIS BY EMPOWERING WOMEN TO PURSUE LIVING-WAGE JOBS IN THE CONSTRUCTION TRADES VIA OUR HANDS-ON TRAINING PROGRAM, AND BY PROVIDING REPAIRS AND RENOVATIONS THAT ENABLE OLDER ADULTS TO STAY IN THEIR HOMES AS THEY AGE. OUR TRAINING PROGRAM SERVES UNEMPLOYED AND UNDEREMPLOYED WOMEN, HELPING THEM GAIN THE SKILLS THEY NEED TO WORK IN THE CONSTRUCTION TRADES, AND CONNECTING THEM TO EMPLOYERS. THIS WORK BREAKS DOWN A SIGNIFICANT GENDER BARRIER IN THE INDUSTRY WHILE HELPING WOMEN BUILD CONFIDENCE, AND PURSUE CAREERS THAT CAN ALLOW THEM TO SUPPORT THEMSELVES AND THEIR FAMILIES. OUR CONSTRUCTION PROGRAM CARRIES OUT REPAIRS, RENOVATIONS, REMODELS, MODIFICATIONS AND OTHER PROJECTS WITH A PRIMARY FOCUS ON OLDER ADULTS AND ADULTS WITH DISABILITIES WHO WISH TO AGE IN PLACE. IN ADDITION, THIS PROGRAM PROVIDES A VALUABLE ON-THE-JOB LEARNING EXPERIENCE TO OUR TRAINEES, WHO GAIN HANDS-ON EXPERIENCE ALONGSIDE OUR CREW.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0117582
IRS990/NetAssetsOrFundBalancesEOYAmt0614438
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0117582
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0614438
IRS990/NoncashContributionsAmt036131
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt025656
IRS990/OccupancyGrp/ProgramServicesAmt029198
IRS990/OccupancyGrp/TotalAmt054854
IRS990/OfficeExpensesGrp/FundraisingAmt03888
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04026
IRS990/OfficeExpensesGrp/ProgramServicesAmt05203
IRS990/OfficeExpensesGrp/TotalAmt013117
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt029301
IRS990/OtherAssetsTotalGrp/EOYAmt025266
IRS990/OtherChangesInNetAssetsAmt0400
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010409
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt058934
IRS990/OtherEmployeeBenefitsGrp/TotalAmt069343
IRS990/OtherExpensesGrp/Desc0CONSTRUCTION MATERIALS
IRS990/OtherExpensesGrp/Desc1CONSTRUCTION SUPPLIES/MAT
IRS990/OtherExpensesGrp/Desc2SMALL TOOLS
IRS990/OtherExpensesGrp/Desc3IN KIND EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt01000
IRS990/OtherExpensesGrp/FundraisingAmt150
IRS990/OtherExpensesGrp/ProgramServicesAmt086841
IRS990/OtherExpensesGrp/ProgramServicesAmt127257
IRS990/OtherExpensesGrp/ProgramServicesAmt218528
IRS990/OtherExpensesGrp/ProgramServicesAmt314458
IRS990/OtherExpensesGrp/TotalAmt086841
IRS990/OtherExpensesGrp/TotalAmt127257
IRS990/OtherExpensesGrp/TotalAmt219528
IRS990/OtherExpensesGrp/TotalAmt314508
IRS990/OtherLiabilitiesGrp/BOYAmt090110
IRS990/OtherLiabilitiesGrp/EOYAmt058727
IRS990/OtherRevenueMiscGrp/Desc0LATE FEE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04940
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04940
IRS990/OtherRevenueTotalAmt04940
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt022561
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt058556
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0570307
IRS990/OtherSalariesAndWagesGrp/TotalAmt0651424
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt05159
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07749
IRS990/PayrollTaxesGrp/ProgramServicesAmt039672
IRS990/PayrollTaxesGrp/TotalAmt052580
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02532
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014327
IRS990/PensionPlanContributionsGrp/TotalAmt016859
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01485
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01615
IRS990/PrincipalOfficerNm0NORA E SPENCER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0230000
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0CONSTRUCTION
IRS990/ProgramServiceRevenueGrp/Desc1TRAINING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0312960
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0312960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13000
IRS990/ProgSrvcAccomActy2Grp/Desc0AGING IN PLACE CONSTRUCTION PROGRAM - DURING FYE 06/30/2023, THE CONSTRUCTION PROGRAM COMPLETED 54 JOBS RANGING IN SIZE FROM SMALL GRAB BAR INSTALLATIONS AND SAFETY MODIFICATIONS TO LARGE BATHROOM RENOVATIONS. 75% OF HOUSEHOLDS SERVED WERE 55+ AND/OR DISABLED.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0856900
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0312960
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0472020
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-1507
IRS990/PYOtherExpensesAmt0427419
IRS990/PYOtherRevenueAmt0198953
IRS990/PYProgramServiceRevenueAmt0351031
IRS990/PYRevenuesLessExpensesAmt0-18575
IRS990/PYSalariesCompEmpBnftPaidAmt0611653
IRS990/PYTotalExpensesAmt01039072
IRS990/PYTotalRevenueAmt01020497
IRS990/ReconcilationRevenueExpnssAmt0496456
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0US DEPARTMENT OF TREASURY - ERC 113,369 PPP LOAN FORGIVNESS 80,740 AUXILIARY INCOME 4,284 MISCELLANEOUS 560
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01575806
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0472020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0264166
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0531438
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt048147
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02891577
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0854252
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0198953
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0198953
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93560
IRS990ScheduleA/PublicSupportTotal170Amt02891577
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01575806
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0472020
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0264166
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0531438
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt048147
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02891577
IRS990ScheduleA/TotalSupportAmt03090530
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt035357
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt123370
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AUTO LOANS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTOMER DEPOSITS
IRS990ScheduleD/TotalLiabilityAmt058727
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt036131
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE INSPIRE HOPE IN WOMEN AND SENIORS FOR A JOYFUL AND FULFILLING FUTURE. WE DO THIS BY EMPOWERING WOMEN TO PURSUE LIVING-WAGE JOBS IN THE CONSTRUCTION TRADES VIA OUR HANDS-ON TRAINING PROGRAM, AND BY PROVIDING REPAIRS AND RENOVATIONS THAT ENABLE OLDER ADULTS TO STAY IN THEIR HOMES AS THEY AGE. OUR TRAINING PROGRAM SERVES UNEMPLOYED AND UNDEREMPLOYED WOMEN, HELPING THEM GAIN THE SKILLS THEY NEED TO WORK IN THE CONSTRUCTION TRADES, AND CONNECTING THEM TO EMPLOYERS. THIS WORK BREAKS DOWN A SIGNIFICANT GENDER BARRIER IN THE INDUSTRY WHILE HELPING WOMEN BUILD CONFIDENCE, AND PURSUE CAREERS THAT CAN ALLOW THEM TO SUPPORT THEMSELVES AND THEIR FAMILIES. OUR CONSTRUCTION PROGRAM CARRIES OUT REPAIRS, RENOVATIONS, REMODELS, MODIFICATIONS AND OTHER PROJECTS WITH A PRIMARY FOCUS ON OLDER ADULTS AND ADULTS WITH DISABILITIES WHO WISH TO AGE IN PLACE. IN ADDITION, THIS PROGRAM PROVIDES A VALUABLE ON-THE-JOB LEARNING EXPERIENCE TO OUR TRAINEES, WHO GAIN HANDS-ON EXPERIENCE ALONGSIDE OUR CREW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS REVEIWED BY THE CEO AND BOARD CHAIR. IT WAS ALSO SHARED WITH THE BOARD FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD WAS PROVIDED WITH THE CONFLICT OF INTEREST POLICY FOR REVIEW. IN ADDITION, AS BOARD MEMBERS WERE ADDED, EACH BOARD MEMBER DISCLOSED POTENTIAL CONFLICTS OF INTEREST. IF ANY CONFLICTS AROSE, APPROPRIATE STEPS WERE TAKEN AND EVERYONE WAS MADE AWARE OF THE POLICY AND PROVIDED WITH THE POLICY DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HOPE RENOVATIONS EXECUTIVE COMPENSATION COMMITTEE DISCUSSED COMPENSATION FOR THE CEO AND APPROVED AN ANNUAL SALARY OF 100,000 PER YEAR AS OF JANUARY 1, 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE 140 PRIOR PERIOD ADJUSTMENT 260 TOTAL 400
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0244453
IRS990/TotalAssetsEOYAmt0709125
IRS990/TotalAssetsGrp/BOYAmt0244453
IRS990/TotalAssetsGrp/EOYAmt0709125
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01575806
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt071831
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0297397
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01031047
IRS990/TotalFunctionalExpensesGrp/TotalAmt01400275
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0126871
IRS990/TotalLiabilitiesEOYAmt094687
IRS990/TotalLiabilitiesGrp/BOYAmt0126871
IRS990/TotalLiabilitiesGrp/EOYAmt094687
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0117582
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0614438
IRS990/TotalProgramServiceExpensesAmt01031047
IRS990/TotalProgramServiceRevenueAmt0315960
IRS990/TotalReportableCompFromOrgAmt098269
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0320925
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01896731
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0244453
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0709125
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt09800
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt08447
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0616 OAK CREST DRIVE
IRS990/USAddress/CityNm0CHAPEL HILL
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027516
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.HOPERENOVATIONS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NORA E SPENCER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09199218460
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPE RENOVATIONS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0NORA SPENCER
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0823675207
ReturnHeader/Filer/PhoneNum09199601957
ReturnHeader/Filer/USAddress/AddressLine1Txt03 BOLIN HEIGHTS
ReturnHeader/Filer/USAddress/CityNm0CHAPEL HILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027514

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$709,125
Liabilities
$94,687
Net assets
$614,438
Revenue
$1,896,731
Expenses
$1,400,275
Net income
$496,456
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.05$0.18$0.87$1.78$1.50$0.28
2023Detailed filing. Detailed filing data is available for this year.$0.71$0.09$0.61$1.90$1.40$0.50
2023Detailed filing. Detailed filing data is available for this year.$0.71$0.09$0.61$1.90$1.40$0.50
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.13$0.12$1.02$1.04$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.25$0.11$0.14$0.35$0.35$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.26$0.13$0.14$0.59$0.49$0.10