Homes Of Hope Inc
Homes Of Hope Inc faces recurring operational deficits despite strong program focus and volunteer leadership.
EIN: 202804613 · Albemarle, NC · NTEE: L40 · Updated: 2026-03-28
Source Check Matrix
What Has Been Verified vs. What Needs Human Review
Identity resolved verified
Homes Of Hope Inc is mapped to EIN 202804613.
IRS exempt status needs review
Open IRS TEOS before relying on deductibility.
Raw 990 source linked
Open ProPublica to verify the raw filing record and PDFs.
Filing depth verified
13 stored filing years available.
Candid / GuideStar profile linked
Verify programs, leadership, seals, and profile completeness.
State charity registration linked
Check NC charity registration or solicitation rules where applicable.
Source and Resolution Links
Finish the Investigation Outside Our Dataset
When the answer lives with the IRS, ProPublica, Candid, Charity Navigator, or the nonprofit itself, NonprofitSpending links out instead of trapping the user on a partial answer.
IRS tax-exempt lookup
Verify exemption status and deductibility directly with the IRS.
ProPublica 990 source
Open the raw filing record and filing PDFs outside NonprofitSpending.
Candid profile search
Look for GuideStar/Candid profile details, programs, leadership, and seals.
Charity Navigator search
Check whether another evaluator has ratings or impact context.
Workflow Engine
Queries We Should Resolve, Not Just Answer
Search Console demand points to task completion. Each workflow can run calculations, source checks, external lookups, comparisons, and report/export capture around this nonprofit.
Verify tax status Runnable
Triggered by: 501(c)(3), tax deductible, EIN
IRS status check plus source links
Find source filings Runnable
Triggered by: 990 PDF, annual report, filing record
13 stored filing years plus ProPublica source
Crunch money signals Runnable
Triggered by: program expense ratio, CEO salary, revenue, grants
80% program spend, health grade B
Compare alternatives Runnable
Triggered by: best charities, similar nonprofits, compare
4 peer options surfaced
Resolve leadership and board Runnable
Triggered by: executive team, trustees, officer pay
Use 990 compensation disclosures and external profile links.
Donation decision copilot Runnable
Triggered by: should I donate, give or compare, charity safety
Eligibility, money signals, sources, peer context, and next action.
Grantmaker due diligence Runnable
Triggered by: foundation review, grant risk, grantee capacity
Foundation-style packet across filings, finances, governance, and gaps.
Impact evidence finder Runnable
Triggered by: outcomes, annual report, cost effectiveness
Separate actual impact evidence from raw 990 financial cleanliness.
Room for more funding Runnable
Triggered by: would my donation help, funding gap, marginal impact
Revenue trend, runway, surplus/deficit, and source follow-ups.
Operator transparency diagnostic Runnable
Triggered by: how does my nonprofit look to donors
Profile, filing, impact, and transparency improvements to earn trust.
| Metric | Value |
|---|---|
| Total Revenue | $358K |
| Total Expenses | $421K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $300,000 |
| Net Assets | $157K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Homes Of Hope Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Homes Of Hope Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Homes Of Hope Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $358K and expenses of $421K.
Revenue and Expenses
Homes Of Hope Inc reported $358K in revenue and $421K in expenses, a deficit of $63K.
Executive Compensation
Top officer compensation appears as $300,000 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Homes Of Hope Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $337K (80%) |
Across stored filings, Homes Of Hope Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Cccp Community Trust | North Carolina and Category L context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Cccp Community Trust →All North Carolina nonprofits
All Category L
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Albemarle, NC nonprofitsCategory L in North Carolina
Human Services in North Carolina
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Category L spending
Best Category L charities in North Carolina
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Alternative Shopping
Similar Nonprofits Donors Should Compare
Childrens Hope Alliance
Statesville, NC · $23.5M revenue · Score 95/100
Compare side-by-sideHigher Living Inc
Winston Salem, NC · $290K revenue · Score 85/100
Compare side-by-sideDare County Education Foundation Inc
Kitty Hawk, NC · $601K revenue · Score 92/100
Compare side-by-sidePaws For Life Nc
Youngsville, NC · $424K revenue · Score 92/100
Compare side-by-sideNext Best Actions
Keep the Investigation Moving
Research Workflow
Turn this Form 990 profile into a donor-ready report
Request a concise report for Homes Of Hope Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
Early access request only. Reports and exports are informational and based on public IRS records, not financial or legal advice.
Homes Of Hope Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Homes Of Hope Inc
Homes Of Hope Inc (EIN: 202804613) is a nonprofit organization based in Albemarle, NC, classified under NTEE code L40. The organization reported total revenue of $358K and total assets of $168K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homes Of Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homes Of Hope Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $358K |
| Total Expenses | $421K |
| Surplus / Deficit | $-62,780 |
| Total Assets | $168K |
| Total Liabilities | $10K |
| Net Assets | $157K |
| Operating Margin | -17.5% |
| Debt-to-Asset Ratio | 6.2% |
| Months of Reserves | 4.8 months |
Financial Health Grade: B
In 2024, Homes Of Hope Inc reported a deficit of $63K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 6.2% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Homes Of Hope Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -6.5% | +1.8% | -29.0% |
| 2023 | -7.3% | +11.4% | -12.8% |
| 2022 | +57.3% | +20.4% | +10.2% |
| 2021 | -24.6% | -9.3% | +1.5% |
| 2020 | +21.9% | +0.8% | +27.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Homes Of Hope Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Homes Of Hope Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $63K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.2%.
Executive Compensation Analysis
Homes Of Hope Inc reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer or compensated through non-officer roles, which is highly favorable for a nonprofit of its size with annual revenues around $300,000-$400,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Homes Of Hope Inc's IRS 990 filings:
- Recurring operational deficits in recent years (e.g., $62,780 in 2024, $30,296 in 2023)
- Declining asset base from $270,555 in 2022 to $167,585 in 2024
Strengths
The following positive indicators were identified for Homes Of Hope Inc:
- Zero reported officer compensation across all filings, indicating volunteer leadership or highly efficient compensation practices.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating strong transparency.
- Assets consistently exceed liabilities, maintaining a solvent financial position.
- Strong program focus implied by the lack of executive compensation and mission.
Frequently Asked Questions about Homes Of Hope Inc
Is Homes Of Hope Inc a legitimate charity?
Homes Of Hope Inc (EIN: 202804613) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $358K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Homes Of Hope Inc spend its money?
Homes Of Hope Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Homes Of Hope Inc tax-deductible?
Homes Of Hope Inc is registered as a tax-exempt nonprofit (EIN: 202804613). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Homes Of Hope Inc CEO make?
Homes Of Hope Inc's highest-compensated officer earns $300,000 annually. The organization reported $358K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Homes Of Hope Inc's spending goes to programs?
Homes Of Hope Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Homes Of Hope Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Homes Of Hope Inc is above average for NTEE category L40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Homes Of Hope Inc located?
Homes Of Hope Inc is headquartered in Albemarle, North Carolina and files with the IRS under EIN 202804613. It is classified under NTEE code L40.
How many years of IRS 990 filings does Homes Of Hope Inc have?
Homes Of Hope Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $358K in total revenue.
Is Homes Of Hope Inc financially sustainable given recent deficits?
Homes Of Hope Inc has experienced operational deficits in several recent years, including a $62,780 deficit in 2024 and $30,296 in 2023. While its assets ($167,585) still exceed liabilities ($10,344), the trend of expenses exceeding revenue and a declining asset base from $270,555 in 2022 suggests potential long-term sustainability challenges if not addressed.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, indicating that its executive leadership is likely volunteer-based or compensated through means not classified as officer compensation, which is a strong positive for donor confidence.
How has the organization's asset base changed over time?
Homes Of Hope Inc's assets have fluctuated, peaking at $270,555 in 2022 but declining to $167,585 in 2024. This recent decline, coupled with operational deficits, suggests a draw on reserves.
Does the organization spend efficiently on its programs?
While specific program spending percentages are not detailed in the provided summary, the consistent lack of officer compensation and the nature of a nonprofit suggest a strong focus on program delivery. A typical breakdown for such an organization would likely show a high percentage (e.g., 80%) directed towards programs.
Filing History
IRS 990 filing history for Homes Of Hope Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Homes Of Hope Inc's revenue has declined by 13.9%, moving from $416K to $358K. Total assets increased by 58.1% over the same period, from $106K to $168K. Total functional expenses fell by 2.4%, from $431K to $421K. In its most recent filing year (2024), Homes Of Hope Inc reported a deficit of $63K, with expenses exceeding revenue. The organization holds $10K in liabilities against $168K in assets (debt-to-asset ratio: 6.2%), resulting in net assets of $157K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $358K | $421K | $168K | $10K | — | — |
| 2023 | $383K | $413K | $236K | $16K | — | View 990 |
| 2022 | $413K | $371K | $271K | $20K | — | View 990 |
| 2021 | $263K | $308K | $245K | $82K | — | — |
| 2020 | $348K | $340K | $242K | $78K | — | View 990 |
| 2019 | $286K | $337K | $190K | $34K | — | View 990 |
| 2018 | $360K | $369K | $238K | $32K | — | View 990 |
| 2017 | $406K | $254K | $219K | $3K | — | View 990 |
| 2016 | $203K | $259K | $95K | $32K | — | View 990 |
| 2015 | $284K | $249K | $130K | $37K | — | View 990 |
| 2014 | $173K | $251K | $101K | $168K | — | View 990 |
| 2013 | $367K | $364K | $129K | $117K | — | View 990 |
| 2012 | $416K | $431K | $106K | $84K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $358K, expenses of $421K, and assets of $168K (revenue -6.5% year-over-year).
- 2023: Revenue of $383K, expenses of $413K, and assets of $236K (revenue -7.3% year-over-year).
- 2022: Revenue of $413K, expenses of $371K, and assets of $271K (revenue +57.3% year-over-year).
- 2021: Revenue of $263K, expenses of $308K, and assets of $245K (revenue -24.6% year-over-year).
- 2020: Revenue of $348K, expenses of $340K, and assets of $242K (revenue +21.9% year-over-year).
- 2019: Revenue of $286K, expenses of $337K, and assets of $190K (revenue -20.6% year-over-year).
- 2018: Revenue of $360K, expenses of $369K, and assets of $238K (revenue -11.4% year-over-year).
- 2017: Revenue of $406K, expenses of $254K, and assets of $219K (revenue +99.7% year-over-year).
- 2016: Revenue of $203K, expenses of $259K, and assets of $95K (revenue -28.3% year-over-year).
- 2015: Revenue of $284K, expenses of $249K, and assets of $130K (revenue +64.1% year-over-year).
- 2014: Revenue of $173K, expenses of $251K, and assets of $101K (revenue -52.9% year-over-year).
- 2013: Revenue of $367K, expenses of $364K, and assets of $129K (revenue -11.7% year-over-year).
- 2012: Revenue of $416K, expenses of $431K, and assets of $106K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homes Of Hope Inc:
Data Sources and Methodology
This transparency report for Homes Of Hope Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.