HOPE RESTORATIONS INC

EIN: 474619038 501(c)(3) Housing & Shelter

KINSTON, NC

Total Revenue
$1,172,480
Total Expenses
$1,246,711
Total Assets
$930,792
Net Assets
$864,453
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NC
Principal Officer
CHRISTOPHER JENKINS
Phone
2523417042
Tax Period
2023-07-01 to 2024-06-30

HOPE RESTORATIONS INC, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum.

Mission

ACQUIRING HOUSES TO BE RENOVATED BY EMPLOYED ADULTS RECOVERING FROM ADDICTIONS AND THEN TO BE RENTED OR SOLD TO STRUGGLING FAMILIES IN OUR AREA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $812,271
Program Service Revenue $143,076
Investment Income $0
Other Revenue $217,133
TOTAL REVENUE $1,172,480

Expense Breakdown

Grants Paid $0
Salaries & Benefits $690,355
Fundraising Expenses $0
Program Expenses $1,071,957
Other Expenses $556,356
TOTAL EXPENSES $1,246,711

Year-over-Year Comparison

2023 2022 Change
Revenue $1,172,480 $699,433 +0.7%
Expenses $1,246,711 $1,110,617 +0.1%
Net Income $-74,231 $-411,184 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
9
Independent Members
9
Employees
21
Volunteers
N/A

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
6
$52,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER JENKINS EXECUTIVE DI 40.00
Officer
$52,000 $0 $52,000
JAMES S PERRY CO-CHAIR 2.00
Director
$0 $0 $0
WALTER ABBOTT BOARD MEMBER 2.00
Director
$0 $0 $0
NICOLE LEWIS BOARD CHAIR 2.00
Officer Director
$0 $0 $0
CHRISTINA LOVICK CO-SECRETARY 2.00
Officer Director
$0 $0 $0
AUDRA HADDAD SECRETARY 2.00
Officer Director
$0 $0 $0
EMMANUELLE QUENUM BOARD MEMBER 2.00
Director
$0 $0 $0
ALLEN CHAMBERS BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID EDWARDS TREASURER 2.00
Officer Director
$0 $0 $0
JASON TROTT CO- TREASURE 2.00
Officer Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $1,172,480 $1,246,711 $930,792 $-74,231
2023 $699,433 $1,110,617 $1,001,051 $-411,184
2022 $1,145,424 $970,727 $1,382,063 $174,697
2021 $1,452,759 $1,029,626 $1,208,176 $423,133
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