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Restoration Housing

EIN 47-1045682 · Roanoke, VA

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

LegitimacyPassesRegistration and standingFinancial healthGood85 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Only 39% of its spending went to programs.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

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

Income
$1.2 million
Spending
$268,667
Spent on programs
40%
Reserves
87.7 months of spending
Largest source of income
donations and private grants, 87%
Employees
4
Volunteers
31
Highest pay
$62,230, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 85 out of 100. Higher than 72% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 87.7 months of spending.

  • Debt

    20 of 20

    It owes 13% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 77% of income.

  • Income trend

    15 of 15

    Income rose 89% on the year before.

  • Spending floor

    0 of 15

    39% of spending went to programs and raising each dollar of donations cost 5 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 70% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    9 of 9 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.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited 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 December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

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

Programs described in its return (1)
  1. $106,027 spent. OUR ORGANIZATION BEGAN 2024 BY PURCHASING OUR EIGHTH HISTORIC PROPERTY AFTER RECEIVING A SUBSTANTIAL GRANT FROM AETNA BETTER HEALTH OF VIRGINIA. IT IS LOCATED IN THE MOUNTAIN VIEW NEIGHBORHOOD OF OLD SOUTHWEST ROANOKE AND IS OUR FIRST RESIDENTIAL TREATMENT PROJECT. WE SIMULTANEOUSLY BEGAN APPLYING FOR GRANTS TO COVER THE CONSTRUCTION COSTS TO REHAB IT (AND RECEIVED FUNDING FROM THE VIRGINIA OPIOID ABATEMENT AUTHORITY TO COVER MOST OF THE COSTS, IN ADDITION TO OTHER FOUNDATION AND GRANT SUPPORT). WORK COMMENCED IN JULY AND WAS ONGOING THROUGH SPRING OF 2025. WE ALSO PURCHASED OUR NINTH AND TENTH PROPERTIES THE SAME YEAR. WE USED TAP'S LAND BANK FUNDING TO PURCHASE 305 MOUNTAIN AVENUE (TRINITY COMMONS) IN MARCH OF 2024, WHICH WILL BE FIFTEEN UNITS OF ELDERLY AFFORDABLE HOUSING ONCE COMPLETE IN SPRING OF 2026. AND WE USED THE LAND BANK AGAIN TO PURCHASE 319 DALE AVENUE, WHICH CLOSED IN NOVEMBER OF 2024 AND WILL BE TWO UNITS OF PERMANENT SUPPORTIVE HOUSING ONCE COMPLETE IN MID 2026. 930 STEWART AVENUE, OUR SEVENTH REHAB PROJECT, FINISHED CONSTRUCTION IN JUNE OF 2024 AND WAS PROMPTLY LEASED TO A FAMILY MAKING 50% OF THE AREA MEDIAN INCOME. WE ACCOMPLISHED OUR TWO MAIN EVENTS FOR THE YEAR- OUR ANNUAL FUNDRAISER, WHICH WAS AN IN-PERSON LUNCHEON IN SEPTEMBER AND OUR ANNUAL COMMUNITY PARTNERSHIP DAY, WHICH WE HELD AT OUR MOST RECENT REHAB PROJECT- 930 STEWART. THIS YEAR, WE ALSO CELEBRATED OUR TENTH ANNIVERSARY AS AN ORGANIZATION SO WE HOSTED A CELEBRATORY PARTY AT THE FUTURE CONSTRUCTION SITE OF TRINITY COMMONS IN JULY. THROUGHOUT THE YEAR, WE ALSO ACCOMPLISHED OUR ON-GOING WORK TO BE GOOD STEWARDS OF OUR PROPERTIES AND TO BE RELIABLE LANDLORDS TO OUR AFFORDABLE HOUSING UNITS. WE SPENT A LOT OF THE THIRD AND FOURTH QUARTER OF THE YEAR PREPARING FOR OUR UPCOMING PROJECTS, WHICH INCLUDE THE REHAB 319 DALE AVENUE, AND APPLYING FOR CONSTRUCTION GRANTS AND PREPARING FOR TAX CREDITS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. 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 September 7, 2026.

  2. 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 September 30, 2026.

  3. 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 September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2015.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. 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 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.