RESTORATION HOUSING INC

EIN: 471045682 501(c)(3) Housing & Shelter

ROANOKE, VA

Total Revenue
$1,181,253
Total Expenses
$268,667
Total Assets
$3,685,787
Net Assets
$3,213,639
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
VA
Principal Officer
ISABEL THORNTON
Phone
9178879840
Tax Period
2024-01-01 to 2024-12-31

Restoration Housing Inc, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $208K in total revenue in fiscal year 2018. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $119K, a strong 57% operating margin.

Mission

OUR MISSION IS TO CREATE AND ASSIST IN DEVELOPMENT PROJECTS WITH A FOCUS ON HISTORIC PRESERVATION OF ARCHITECTURAL RESOURCES. OUR PROJECTS ARE INTENDED TO BOTH ADDRESS THE NEEDS OF LIMITED INCOME FAMILIES AND TO STRENGTHEN THE COMMUNITY BY REDUCING BLIGHT AND VACANCY

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,021,609
Program Service Revenue $170,142
Investment Income $245
Other Revenue $-10,743
TOTAL REVENUE $1,181,253

Expense Breakdown

Grants Paid $0
Salaries & Benefits $151,305
Fundraising Expenses $54,176
Program Expenses $106,027
Other Expenses $117,362
TOTAL EXPENSES $268,667

Year-over-Year Comparison

2024 2023 Change
Revenue $1,181,253 $625,180 +0.9%
Expenses $268,667 $149,310 +0.8%
Net Income $912,586 $475,870 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
4
Volunteers
31

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$62,230
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL TUNING PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN CORNTHWAIT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RICHARD HEDLEY TREASURER 1.00
Officer Director
$0 $0 $0
MOLLY ROBERTS SECRETARY 1.00
Officer Director
$0 $0 $0
JONATHAN RICHARDSON BOARD MEMBER 1.00
Director
$0 $0 $0
CYNTHIA LAWRENCE BOARD MEMBER 1.00
Director
$0 $0 $0
ALISON JORGENSEN BOARD MEMBER 1.00
Director
$0 $0 $0
ERIN ASHWELL BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY JONES BOARD MEMBER 1.00
Director
$0 $0 $0
ISABEL THORNTON EXECUTIVE DIRECTOR 40.00
Officer
$62,230 $0 $62,230
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,181,253 $268,667 $3,685,787 $912,586
2023 $625,180 $149,310 $2,417,472 $475,870
2022 $399,676 $135,388 $1,777,561 $264,288
2021 $518,258 $123,339 $1,513,731 $394,919
2020 $473,904 $79,056 $1,127,222 $394,848
2019 $608,025 $91,201 $725,472 $516,824
2018 $207,554 $88,298 $259,564 $119,256
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