ALBEMARLE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOMES OF HOPE INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $358K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $421K exceeded revenue, resulting in a 18% operating deficit.
PROVIED TEMPORARY AND EMERGENCY AND LOW INCOME HOUSING AND SECURED SHELTER.
JULY 2023 JUNE 2024 HOMES OF HOPE ACHIEVEMENTSHOMES OF HOPE (HOH) IS THE LEADING HOMELESS SERVICES PROVIDER IN STANLY COUNTY. WE PARTICIPATE AS MEMBERS OF THE STANLY COUNTY UNITED WAY, STANLY COUNTY...
JULY 2023 JUNE 2024 HOMES OF HOPE ACHIEVEMENTSHOMES OF HOPE (HOH) IS THE LEADING HOMELESS SERVICES PROVIDER IN STANLY COUNTY. WE PARTICIPATE AS MEMBERS OF THE STANLY COUNTY UNITED WAY, STANLY COUNTY PARTNERS IN HEALTH, AND OUR REGIONAL CONTINUUM OF CARE FOR NC COALITION TO END HOMELESSNESS. WE ARE THE DESIGNATED REFERRAL AGENCY FOR OUR COUNTY FOR COMMUNITY LINK, AN AGENCY BASED IN CHARLOTTE THAT OPERATES HOMELESS HOUSING FINANCIAL ASSISTANCE PROGRAMS IN SURROUNDING COUNTIES. WE ALSO PROVIDE RESOURCE EDUCATION AND HOUSING INFORMATION TO NUMEROUS AGENCIES AND INDIVIDUALS EXPERIENCING A HOUSING CRISIS. JULY 2023 JUNE 2024 HOMES OF HOPE ACHIEVEMENTSHOMES OF HOPE (HOH) IS THE LEADING HOMELESS SERVICES PROVIDER IN STANLY COUNTY. WE PARTICIPATE AS MEMBERS OF THE STANLY COUNTY UNITED WAY, STANLY COUNTY PARTNERS IN HEALTH, AND OUR REGIONAL CONTINUUM OF CARE FOR NC COALITION TO END HOMELESSNESS. WE ARE THE DESIGNATED REFERRAL AGENCY FOR OUR COUNTY FOR COMMUNITY LINK, AN AGENCY BASED IN CHARLOTTE THAT OPERATES HOMELESS HOUSING FINANCIAL ASSISTANCE PROGRAMS IN SURROUNDING COUNTIES. WE ALSO PROVIDE RESOURCE EDUCATION AND HOUSING INFORMATION TO NUMEROUS AGENCIES AND INDIVIDUALS EXPERIENCING A HOUSING CRISIS. HOH OPERATED THREE PROGRAMS DURING THE FISCAL YEAR 07/01/2023 06/30/2024 INCLUDING: TRASITIONAL HOUSING, PERMANENT SUPPORTIVE HOUSING AND OVERNIGHT EMERGENCY SHELTER AT THE COMMUNITY INN. TRANSITIONAL HOUSING OPERATES USING 11 PROPERTIES IN STANLY COUNTY, NC THAT ARE USED TO PROVIDE TEMPORARY HOUSING FOR FAMILIES/INDIVIDUALS THAT ARE HOMELESS. WE PROVIDE RENT, UTILITIES, PHONE AND FURNISHINGS FOR FAMILIES WITH THE GOAL OF BEING SELF-SUFFICIENT WITHIN 6 MONTHS. COMPREHENSIVE SKILLS AND CLASSES, INTENSE CASE MANAGEMENT, MENTORING AND RESOURCE REFERRALS ARE PROVIDED DURING THE 6 MONTH TIME. DURING THE FISCAL YEAR, WE PROVIDED TRANSITIONAL HOUSING FOR 20 FAMILIES THAT WERE EXPERIENCING HOMELESSNESS. THOSE 20 FAMILIES CONSISTS OF 25 ADULTS AND 43 CHILDREN. PERMANENT SUPPORTIVE HOUSING (PSH) IS A MODEL THAT COMBINES LOW-BARRIER AFFORDABLE HOUSING AND SUPPORTIVE SERVICES TO HELP INDIVIDUALS AND FAMILIES LEAD MORE STABLE LIVES. PSH TYPICALLY TARGETS PEOPLE WHO ARE HOMELESS OR OTHERWISE UNSTABLY HOUSED, EXPERIENCE MULTIPLE BARRIERS TO HOUSING, AND ARE UNABLE TO MAINTAIN HOUSING STABILITY WITHOUT SUPPORTIVE SERVICES. WE OPERATED 4 HOUSES THAT FIT THE PSH MODEL THAT SERVED 6 FAMILIES. THOSE FAMILIES INCLUDE 7 ADULTS AND 16 CHILDREN. THE COMMUNITY INN IS AN EMERGENCY OVERNIGHT SHELTER FACILITY THAT OPERATES DAILY FROM 6PM UNTIL 7AM. WE PROVIDE DINNER, BREAKFAST, A SHOWER, SAFE SLEEPING SPACES, RESOURCE INFORMATION AND CASE MANAGEMENT. DURING THE PAST FISCAL YEAR, WE SERVED 150 PEOPLE INCLUDING 125 ADULTS AND 25 CHILDREN AT THE COMMUNITY INN. BED STAYS AT THE SHELTER IS THE NUMBER OF BEDS THAT WERE OCCUPIED BUT INDIVIDUAL GUESTS. OUR BED STAYS FOR THE FISCAL YEAR WAS 5397. WE HAVE WORKED DILIGENTLY WITH OUR COMMUNITY RESOURCE PARTNERS TO ADDRESS UNHOUSED NEEDS IN OUR COMMUNITY. WE HAVE PARTNERED WITH STANLY COMMUNITY COLLEGE AND HAD 33 INTERN STUDENTS THAT CONTRIBUTED 120 HOURS TO MAKE HOMELESSNESS A RARE, ONE-TIME OCCURRENCE IN THE LIVES OF THE GUESTS WE SERVE. WE HELD OUR FIRST FUNDRAISER SINCE COVID19. IT WAS OUR ANNUAL BREAKFAST IN MAY OF 2024 AND SUCCESSFULLY RAISED $7500.00. HOMES OF HOPE HAD 1082 VOLUNTEERS WITH OVER 4500 HOURS OF SERVICE DURING THIS TIME.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $357,864 | $382,911 | -0.1% |
| Expenses | $420,644 | $413,207 | +0.0% |
| Net Income | $-62,780 | $-30,296 | +1.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LASHANTA R WATKINS | EXECUTIVE DIRECTOR | 40.00 |
Highest
|
$55,296 | $0 | $55,296 |
| GARY MORAN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| HEATHER KILDE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DION BROOKS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CONNIE GOINS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BRIAN JOHNSON | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| KARISSA JOHNSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CHARITY MEACHUM | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHELLE CARVER | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CINDY MISENHEIMER | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| WENDY GROWCOCK | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $357,864 | $420,644 | $167,585 | $-62,780 |
| 2023 | $382,911 | $413,207 | $235,911 | $-30,296 |
| 2022 | $413,101 | $370,854 | $270,555 | $42,247 |
| 2021 | $262,590 | $307,932 | $245,490 | $-45,342 |
| 2020 | $348,282 | $339,596 | $241,895 | $8,686 |
| 2019 | $285,729 | $336,952 | $189,792 | $-51,223 |
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