HOMES OF HOPE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

DON OGLESBY

Phone

8642694663

Tax Period

2023-09-01 to 2024-08-31

HOMES OF HOPE INC, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $7.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

HOMES OF HOPE OPENS DOORS FOR ECONOMIC MOBILITY THROUGH HOUSING, ECONOMIC, AND WORKFORCE DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $2,038,124

REAL ESTATE DEVELOPMENT: HOMES OF HOPE DEVELOPS AFFORDABLE AND ENERGY EFFICIENT HOMES THAT ARE INDISTINGUISHABLE FROM MARKET RATE HOMES. HOUSING DEVELOPMENT EFFORTS ARE FOCUSED ON CREATING HEALTHY...

REAL ESTATE DEVELOPMENT: HOMES OF HOPE DEVELOPS AFFORDABLE AND ENERGY EFFICIENT HOMES THAT ARE INDISTINGUISHABLE FROM MARKET RATE HOMES. HOUSING DEVELOPMENT EFFORTS ARE FOCUSED ON CREATING HEALTHY MIXED INCOME COMMUNITIES THROUGHOUT SOUTH CAROLINA. IN 26 YEARS, HOMES OF HOPE HAS DEVELOPED 703 HOMES.

Program 2

Expenses: $4,255,960

HOUSING AND PROPERTY MANAGEMENT: HOMES OF HOPE OWNS AND OVERSEES THE MANAGEMENT OF 442 AFFORDABLE RENTAL HOMES THROUGHOUT SOUTH CAROLINA. THESE RENTAL HOMES SERVE LOW-TO-MODERATE INCOME HOUSEHOLDS...

HOUSING AND PROPERTY MANAGEMENT: HOMES OF HOPE OWNS AND OVERSEES THE MANAGEMENT OF 442 AFFORDABLE RENTAL HOMES THROUGHOUT SOUTH CAROLINA. THESE RENTAL HOMES SERVE LOW-TO-MODERATE INCOME HOUSEHOLDS. BY PROVIDING EXCELLENT CUSTOMER CARE AND CONNECTING HOUSEHOLDS TO COMMUNITY RESOURCE OPPORTUNITIES, HOUSING STABILITY IS ESTABLISHED, BARRIERS OF DISTRUST ARE BROKEN, AND OPPORTUNITIES FOR ECONOMIC MOBILITY PATHWAYS ARE CREATED LEADING TO LONG-TERM GENERATIONAL CHANGE. THIS YEAR, 52% OF HOUSEHOLDS CONTAIN CHILDREN.

Program 3

Expenses: $1,226,342

MEN'S WORKFORCE DEVELOPMENT: THE MEN'S WORKFORCE DEVELOPMENT PROGRAM IS A ONE-YEAR RESIDENTIAL WORKFORCE DEVELOPMENT OPPORTUNITY FOCUSED IN THE FIELD OF CONSTRUCTION. THIS PROGRAM PROVIDES A...

MEN'S WORKFORCE DEVELOPMENT: THE MEN'S WORKFORCE DEVELOPMENT PROGRAM IS A ONE-YEAR RESIDENTIAL WORKFORCE DEVELOPMENT OPPORTUNITY FOCUSED IN THE FIELD OF CONSTRUCTION. THIS PROGRAM PROVIDES A NECESSARY NEXT STEP FOR MEN TO BEGIN A LIFE OF STABILITY FREE FROM DRUGS AND ALCOHOL. A GRADUATE OF THIS PROGRAM COMPLETES 1200 HOURS OF ON THE JOB TRAINING, 360 HOURS OF DISCIPLESHIP AND 200 HOURS OF CLASSROOM TRAINING AND AN AVERAGE STARTING WAGE OF 18/HOUR. ON THE JOB TRAINING RESULTS IN THE PRODUCTION OF 3 HOMES FOR POVERTY INCOME HOUSEHOLDS. IN 26 YEARS, 335 MEN HAVE GRADUATED THIS PROGRAM.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,052,545

Program Service Revenue $4,283,303

Investment Income $23,890

Other Revenue $449,320

TOTAL REVENUE $7,809,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,233,299

Fundraising Expenses $4,809

Program Expenses $7,520,426

Other Expenses $6,163,084

TOTAL EXPENSES $8,396,383

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,809,058	$6,702,696	+0.2%
Expenses	$8,396,383	$7,353,483	+0.1%
Net Income	$-587,325	$-650,787	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

1520

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

$169,622

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON OGLESBY	PRESIDENT/CE	40.00	Officer	$169,622	$0	$169,622
TIM BICKEL	DIRECTOR	1.00	Director	$0	$0	$0
BILL DEKAY	DIRECTOR	1.00	Director	$0	$0	$0
PAUL GAETO	CHAIR	1.00	Director	$0	$0	$0
SHIRLEY GAMBRELL	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HERSEY	DIRECTOR	1.00	Director	$0	$0	$0
JACK JAMISON	DIRECTOR	1.00	Director	$0	$0	$0
LIZ NILES	DIRECTOR	1.00	Director	$0	$0	$0
TIM W REVIS	DIRECTOR	1.00	Director	$0	$0	$0
DR BYRON BATTLE SR	DIRECTOR	1.00	Director	$0	$0	$0
MARY SWAIN	DIRECTOR	1.00	Director	$0	$0	$0
TONY THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
ANNAH W TOATES	IMMEDIATE PA	1.00	Director	$0	$0	$0
CONNIE WILLIAMSON	VICE CHAIR	1.00	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	$7,809,058	$8,396,383	$53,570,177	$-587,325
2023	$6,702,696	$7,353,483	$52,921,071	$-650,787
2022	$8,879,901	$6,480,937	$52,743,040	$2,398,964
2021	$6,924,411	$6,236,519	$47,375,583	$687,892
2020	$6,591,345	$5,278,573	$42,331,120	$1,312,772
2019	$5,303,109	$4,972,135	$38,601,494	$330,974
2018	$4,082,653	$4,534,301	$36,105,616	$-451,648