PLATINUM2023

Hope Restorations Inc

Restoring Hope; One Life, One Home, One Neighborhood at a Time

aka House of Hope for Women | Restored Hope   |   Kinston, NC   |  http://hoperestorationsnc.org
GuideStar Charity Check

Hope Restorations Inc

EIN: 47-4619038


Mission

The purpose of Hope Restorations, Inc. is to provide paid employment, training, and other support to adults recovering from addictions or incarceration. The work we provide involves acquiring deteriorating houses in our community and renovating them to more modern standards in order to provide safe, affordable, energy-efficient housing for lower-income families. Our 501(c)(3) organization focuses on the success of our participants and positive, local, economic impact.

Ruling year info

2017

Executive Dirrector/Founder

Chris Jenkins

Main address

PO Box 1656

Kinston, NC 28503 USA

Show more contact info

Formerly known as

Sharon United Methodist Church outreach

EIN

47-4619038

Subject area info

Residential mental health care

Transitional mental health services

Addiction services

Housing development

Human services

Population served info

Adults

Economically disadvantaged people

Incarcerated people

NTEE code info

Human Service Organizations (P20)

Group Home, Residential Treatment Facility - Mental Health Related (F33)

Housing Expense Reduction Support, Rent Assistance (L82)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Upon release from prison and or/detox, individuals have little prospects with which to rebuild their lives. Our mission is to provide reentry resources to adults who are recovering from addiction and/or incarcerations. Driving down main street, one will encounter homes in various states of disrepair, with a dealer on every corner. Low-income families can rarely afford the necessary improvements to decrease utility bills & improve their property, widening the poverty gap further, and yet little is being done to effect long-term change. Residents who've struggled previous but now wish to make an honest dollar & contribute to society lack the skills necessary to obtain employment & those that do are rarely given the chance. Our program tackles both issues, utilizing the skills & assets of one needs group to serve another, improving the participants lives as well as the surrounding community.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Hope Restorations Workforce Development Program

Someone wanting to turn their life around after addiction or incarceration needs honest, dignified, paid employment to facilitate their transformation, but find it near impossible to obtain. We provide our participants with training in transferable skills which also results in quality affordable housing in our community. As we work, we help each individual identify and overcome as many of their barriers to success as possible. We partner and collaborate with many local agencies to provide as many resources and opportunities as possible for our participants.

Population(s) Served
Incarcerated people
Economically disadvantaged people
Adults
Religious groups

Formerly the Flynn Home, the House of Hope for Women has become an integral part of our organization's mission, housing up to 20 adult females at a time. By operating this transitional house for our female participants, long-term success rates have increased and the stability that is necessary in early recovery is now a viable, affordable option. On the flip side, we are currently working on opening a transitional house for our male program participants, as their success translates into success for themselves, their families and the community as a whole.

Population(s) Served
Adults
Economically disadvantaged people
Incarcerated people

Our organization recently opened Restored Hope, a consignment shop that provides essential resources to our program, its participants, and the community as a whole. Program participants receive training in sales, retail, and even store management skills, all while working through the phases of our program and gaining both the financial and personal rewards employment offers. This operation helps them pay their program fees, while the revenue helps fund the program as well. In addition, citizens are offered quality goods at a discounted rate located in the heart of historic downtown Kinston, the county seat of Lenoir county and location of our organization's main office. As we expand into surrounding counties & our program grows we hope to acquire a larger space, as the operation has already started to exceed the current space. This growth will inevitably allow us to serve a higher number of individuals and increase our impact locally & regionally.

Population(s) Served
Adults
Economically disadvantaged people
Adults
Economically disadvantaged people
Adults
Economically disadvantaged people
Incarcerated people

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of applications for housing received from targeted population

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Incarcerated people

Related Program

Hope Restorations Workforce Development Program

Type of Metric

Context - describing the issue we work on

Direction of Success

Increasing

Number of housing units in rental

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Hope Restorations Workforce Development Program

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Number of participants who gain employment

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Total number of volunteer hours contributed to the organization

This metric is no longer tracked.
Totals By Year
Population(s) Served

Incarcerated people, Adults

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

2023-20 SECU ECU Public Fellows Internship Welcome Home 2022

Number of low-income families housed in affordable, well-maintained units as a result of the nonprofit's efforts

This metric is no longer tracked.
Totals By Year
Population(s) Served

Incarcerated people

Related Program

Hope Restorations Workforce Development Program

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our chief aim is to help as many adults as possible become restores to fully self-sustaining, stable, productive citizenship in the community. We use our funding to pay the workers chosen from our waiting list of recovering addicts and/or previously incarcerated adults. This paid work provides them a critical tool for their transformation and recovery while allowing us to come alongside them in a deeply relational process of coaching and mentoring intended to help them rediscover their hope by rediscovering their intrinsic human value and the gifts they have to share with others. We also necessarily use our funding to buy the buildings and/or building materials needed to provide this work opportunity. In the process, we ultimately provide housing that has been renovated to more modern safety and energy efficiency standards, which then affords us the opportunity to engage with our tenants in a trusting relationship so that we can mentor and coach them toward better socio-economic opportunities and outcomes. In each of these relationships with our workers (clients) and our tenants, we discuss how we can work together to improve our community and we encourage everyone to share their gifts and goodness with their neighbors and community. Because we work with a relatively small number of participants at any one time, this type of work is rather hard to measure quantitatively or statistically, but we're seeing lives and transformed right before our eyes. Our approach is deeply relational and highly collaborative.

Our main strategies are: 1. Deeply relational - By this we mean that we strive to build meaningful and trustful relationships with all of our participants. This provides the foundation upon which we can work together to identify and overcome each individual's barriers to success. In our coaching and mentoring, we place a lot of emphasis on employability such as attitude, reliability, team spirit, problem solving, respectfulness, professionalism etc. While we're working on these topics daily in the course of our renovation work, we're connecting our participants with our partnering agencies to provide formal education, social services, mental health and health care, dental care, job placement and any other service or resource which may be helpful. 2. Social Enterprise - We're doing work that could be done for profit, but instead are doing it for the benefit of our community. Each of our completed projects becomes a high quality, safe, energy-efficient home for low income families. Though it costs more to renovate these eyesore properties and we could resale them for, the long term revenue will do its job while our tenants benefit from below-market rental rates on quality housing as well as utility bills significantly lower than their neighbors with similar sized/constructed houses that have not been renovated. 3. Highly collaborative - We believe that resources are precious, therefore, we strive to never replicate a service that already exists in our community. This leads us to partner and collaborate with others as much as possible, which we believe ultimately helps everyone be more effective and better stewards of the available resources.

We're employing a very unique approach, that once refined, can be replicated in communities all over our country. We have few other organizations we can call to ask advice. We have found a few organizations who are similar in some way, and from those we share and glean best practices and lessons learned, but we have yet to find an organization taking our same approach and tactics. That said, our leadership is passionate about and understands both the need for our work and the uniqueness of our approach. We are problem solvers. We're not afraid to fail, but we're committed to making this work effectively. We're adaptive while remaining true to our mission. Our board and staff have the education, experience, and drive to guide Hope Restorations to become a fully self-sustaining social enterprise over the next 4-6 years. Along with this, our largest funder provides not only monetary support, but also provides a wide array of consultants to help us with our strategic planning, board development, and other important organizational development topics. We have come a long way since our inception, and we've earned great credibility in our community and region, so much so that several nearby communities are asking us to expand into their county.

Since our inception, we've acquired 40 properties. As of March 2020, 25 of these are in rental. The remaining are in various states of renovation or waiting to begin. In 2019, our transitional housing partner closed and donated the house to us. We renovated the 7,000 sq ft house to become both our office and our House of Hope which is equipped to house and help up to 20 adult males at a time. We've also be given a commercial property which was originally built as a medical/dental office. We are renovating this structure to become our House of Hope for Women. There is no service like this for women in our area. Though we have never excluded women from our Hope Restorations employment and training program, and there are many women needing and wanting the kind of program we have, there are few who are willing to do the heavy residential construction work we have available, and the few women who are willing soon find themselves uncomfortable working so outnumbered by men. As we renovate the House of Hope for Women, we are busy planning and fundraising to launch a new social enterprise more appropriate for women so that we can offer them the deeply relational pathway to restoration while also providing the organization the long-term economic self-sustaining component so critical to our unique model.

Financials

Hope Restorations Inc
Fiscal year: Jul 01 - Jun 30

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

3.98

Average of 9.90 over 7 years

Months of cash in 2023 info

SOURCE: IRS Form 990

1.8

Average of 4.3 over 7 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

11%

Average of 10% over 7 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Hope Restorations Inc

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Hope Restorations Inc

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Hope Restorations Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Hope Restorations Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation -$63,623 $339,355 -$371,351 $72,301 $221,150
As % of expenses -13.0% 36.6% -37.0% 7.7% 20.5%
Unrestricted surplus (deficit) after depreciation -$63,623 $312,186 -$397,210 $44,697 $188,816
As % of expenses -13.0% 32.7% -38.6% 4.6% 17.0%
Revenue composition info
Total revenue (unrestricted & restricted) $787,126 $981,362 $1,452,759 $1,145,424 $699,433
Total revenue, % change over prior year 52.0% 24.7% 48.0% -21.2% -38.9%
Program services revenue 9.0% 34.7% 30.1% 10.0% 11.9%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 6.6% 0.0% 17.8%
All other grants and contributions 77.6% 54.3% 52.1% 77.9% 39.7%
Other revenue 13.3% 11.0% 11.2% 12.1% 30.6%
Expense composition info
Total expenses before depreciation $491,066 $927,972 $1,003,767 $943,123 $1,078,283
Total expenses, % change over prior year 92.4% 89.0% 8.2% -6.0% 14.3%
Personnel 0.0% 53.4% 45.7% 55.6% 50.1%
Professional fees 0.0% 1.1% 0.4% 0.8% 0.7%
Occupancy 0.0% 1.6% 2.2% 2.4% 2.7%
Interest 0.0% 0.0% 0.0% 0.0% 0.1%
Pass-through 0.0% 0.0% 0.0% 0.9% 0.0%
All other expenses 100.0% 43.8% 51.7% 40.3% 46.4%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $491,066 $955,141 $1,029,626 $970,727 $1,110,617
One month of savings $40,922 $77,331 $83,647 $78,594 $89,857
Debt principal payment $0 $0 $95,300 $0 $0
Fixed asset additions $0 $455,281 $0 $0 $108,129
Total full costs (estimated) $531,988 $1,487,753 $1,208,573 $1,049,321 $1,308,603

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 1.9 1.0 5.3 8.7 1.8
Months of cash and investments 1.9 1.0 5.3 8.7 1.8
Months of estimated liquid unrestricted net assets 2.5 -0.2 -0.4 0.9 2.1
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $79,673 $80,245 $442,862 $683,186 $165,911
Investments $0 $0 $0 $0 $0
Receivables $27,226 $1,668 $14,071 $21,589 $82,057
Gross land, buildings, equipment (LBE) $720,882 $1,176,163 $815,716 $786,016 $884,195
Accumulated depreciation (as a % of LBE) 4.4% 5.0% 9.9% 13.8% 14.8%
Liabilities (as a % of assets) 2.0% 8.1% 2.7% 2.3% 6.2%
Unrestricted net assets $790,195 $1,102,381 $705,171 $749,868 $938,684
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $470,000 $600,000 $0
Total net assets $790,195 $1,102,381 $1,175,171 $1,349,868 $938,684

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Dirrector/Founder

Chris Jenkins

Founded in 2015 Hope Restorations is a non-profit social enterprise that helps individuals recovering from addiction and/or incarcerations by providing steady income, employment preparations, mentoring and other services needed for successful transformation. Our workforce development program offers employment training and a basic skill set in construction & renovation projects to adults in recovery. Our organization acquires deteriorating eyesore properties in the community and renovates them into safe, energy-efficient affordable housing units that are available to rent through our property management. Our organization operates a transitional house and recovery program for women called the House of Hope for up to 20 adult females at a time. We have recently opened a consignment store called Restored Hope that provides employment, training and revenue. Hope Restorations partners with many other community agencies to provide as many needed services as possible for their participants.

Number of employees

Source: IRS Form 990

Hope Restorations Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Hope Restorations Inc

Board of directors
as of 03/16/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Walter Abbott

retired

James Perry

Perry, Perry, and Perry

Dottie Allen

retired

Nicole Lewis

Port Health

Christina Lovick

Lovick's Cafe

Audra Haddad

Lenoir Family Accountability Recovery Court

Emmanuelle Quenum

Greene County NC.gov

Allen Stanley Chambers

David Edwards

Edwards Realty Group

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 2/8/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

Disability

Equity strategies

Last updated: 03/25/2020

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.