Passes our checks

Homes of Hope Inc

EIN 20-2804613 · Albemarle, NC

Public records show a registered, tax-exempt organization in good standing.

What it says it does

PROVIED TEMPORARY AND EMERGENCY AND LOW INCOME HOUSING AND SECURED SHELTER.

Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Weak: 39 out of 100. Higher than 28% of charities in its peer group (housing, $250k to $1m).

Reserves
4 of 35
Spendable reserves would cover 0.7 months of spending.
Debt
20 of 20
It owes 3% of what it owns.
Living within its means
0 of 15
Spending exceeded income by 27% of income.
Income trend
0 of 15
Income fell 27% on the year before.
Spending floor
15 of 15
92% of spending went to programs and raising each dollar of donations cost 7 cents.

Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Strong: 91 out of 100. Higher than 72% of charities in its peer group (housing, $250k to $1m).

Independent board
25 of 25
11 of 11 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
8 of 8
Has a written whistleblower policy.
Record keeping policy
7 of 7
Has a written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15
Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$344,671 spent. JULY 2025 - JUNE 2026 HOMES OF HOPE ACHIEVEMENTS SUMMARY OF ACHIEVEMENTS 102 INDIVIDUALS SERVED AT THE COMMUNITY INN SHELTER INCLUDING 8 CHILDREN 31 INDIVIDUALS SERVED IN TRANSITIONAL HOUSING INCLUDING 16 CHILDREN CELEBRATED 20 YEARS OF SERVICE TO THE COMMUNITY CONNECTED 5 FAMILIES TO ASSISTANCE FOR CHRISTMAS RECRUITED NEW 2 NEW BOARD MEMBERS SUCCESSFUL MARCH MADNESS RAFFLE TICKET FUNDRAISER BREAKFAST FUNDRAISER PROFITING $5000 SHELTER CAPACITY AT OR ABOVE 85% MANY NECESSARY IMPROVEMENTS INCLUDING NEW STAIRS, NEW LANDSCAPE, AND PLUMBING TO MANY OF OUR TRANSITIONAL HOMES

Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2026.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2005.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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