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Hope Renovations Spencer

Tax-deductible

Chapel Hill, NC501(c)(3)Since 2017EmploymentEIN 82-3675207Revenue $1.8M in FY2024

On file with the IRShoperenovations.org3 Bolin Hts, 27514-5739 · Chapel Hill, NCTax-exempt since Feb 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Hope Renovations empowers women and gender-expansive individuals into careers in construction and helps older adults age in place.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 100 volunteers and 71 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $219K a year · 19% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 6% of spending
Top officer’s pay lower than 74% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$27K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
+0.1% vs prior year
Spent
$1.6M
To programs
73%
Net assets
$757K
By yearFY2020–FY2024
Revenue
$1.8M
FY2024+0.1%
Tap a bar for its year
Revenue by fiscal year
FY2020$588K
FY2021$352K
FY2023$1.9M
FY2024$1.8M
FY2024$1.8M
Expenses
$1.6M
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$485K
FY2021$354K
FY2023$1.4M
FY2024$1.5M
FY2024$1.6M
Net assets
$757K
FY2024▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$138K
FY2021$136K
FY2023$614K
FY2024$867K
FY2024$757K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $1.2M Management & general 16% · $253K Fundraising 12% · $185K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation
$100,000Pt VII · Sec A
Leah Adeniji
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Brandi Gerew
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Drew Langsam
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Pat Sprigg
Director
$0Pt VII · Sec A

Nora E Spencer’s $100K as CEO is at the 26th percentile of top reported officer pay among 1245 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2021FY2020
Nora E Spencer$100,000$101,615$98,269$60,000$59,513

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Trains women for construction jobs and helps seniors stay in their homes with repairs.

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Provided by the organization

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2 programs · $1.2M · in their own filed words · FY2024
01

Aging in Place Construction Program

During fye 06/30/2024, the construction program completed 40 jobs ranging in size from small grab bar installations and safety modifications to large bathroom renovations. 78% of households served were 55+ AND/OR disabled.

$1.1Mprogram expense
02

Women's Trades Training Program

During fye 06/30/2025,WE trained 74 women and nonbinary folks. 70% of those went into jobs or continuing education in the trades.

$111Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Strowd Roses INCFY2025$2K
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$270K
Other incomeLn 4–11$32K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.2M
Managementcol C$253K
Fundraisingcol D$185K
Owns and owesPt X
$757K
net assets · Ln 32
Cash and savingsLn 1–2$587K
Total assetsLn 16$784K
LiabilitiesLn 26$27K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$40K
Fees for servicesLn 2g$270K
Investment incomeLn 3$26K
Other incomeLn 4–11$32K
Gains on assetsLn 7$20K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$587K
Cash and savings togetherLn 1–2$587K
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$784K
LiabilitiesLn 26$27K
Net assetsLn 32$757K
OperationsPt I, VI
EmployeesI 571
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$143K$587K
Land, buildings, equipmentLn 10c$10K$9K
Total assetsLn 16$769K$784K
LiabilitiesLn 26$184K$27K
Net assetsLn 32$585K$757K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$100K$10K$40K$50K
Other salaries and wagesLn 7$731K$517K$117K$97K
Other employee benefitsLn 9$227K$195K$16K$15K
Payroll taxesLn 10$65K$43K$11K$11K
Accounting feesLn 11c$35K$26K$7K$2K
Other fees for servicesLn 11g$132K$125K$7K
Advertising and promotionLn 12$4K$2K$2K
Office expensesLn 13$16K$4K$9K$2K
Information technologyLn 14$22K$20K$1K
OccupancyLn 16$51K$38K$10K$3K
TravelLn 17$7K$4K$2K
Conferences, conventions and meetingsLn 19$47K$45K$2K
InterestLn 20$10K$8K$2K$517
Depreciation, depletion and amortizationLn 22$18K$14K$4K$910
InsuranceLn 23$66K$49K$13K$3K
Other expenses (24a–d)Ln 24$77K$69K$8K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$1.6M$1.2M$253K$185K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.8M$1.5M$278K$867K 990 PDF
FY2023 $1.9M$1.4M$496K$614K 990 PDF
FY2022 Not on file
FY2021 $352K$354K−$3K$136K 990 PDF
FY2020 $588K$485K$103K$138K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,779,248 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,205,554$1,451,514
I-9 Program service revenuePrior year $276,437$269,716
I-10 Investment incomePrior year $469$26,063
I-11 Other revenuePrior year $13,070$31,955
I-12 Total revenuePrior year $1,495,530$1,779,248
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $972,092$1,122,125
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $526,656$485,476
I-18 Total expensesPrior year $1,498,748$1,607,601
I-19 Revenue less expensesPrior year −$3,218$171,647
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,779,248 across 8 lines filed
Lines not itemized here account for −$3,201 of total revenue; see the IRS return.
VIII-1e Government grants$39,753
VIII-1f All other contributions, gifts and grants$1,411,761
VIII-1h Total contributions, gifts and grants$1,451,514
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $269,716$269,716
VIII-3 Investment incomeRelated to mission $6,063$6,063
VIII-7 Net gain or loss on sales of assetsRelated to mission $20,000$20,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $35,156$35,156
VIII-12 Total revenueRelated to mission $327,734$1,779,248
Part IX · Statement of functional expenses $1,607,601 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $10,000 · Management $40,000 · Fundraising $50,000$100,000
IX-7 Other salaries and wagesPrograms $517,414 · Management $116,592 · Fundraising $96,662$730,668
IX-9 Other employee benefitsPrograms $195,435 · Management $16,119 · Fundraising $15,093$226,647
IX-10 Payroll taxesPrograms $42,554 · Management $11,492 · Fundraising $10,764$64,810
IX-11c Accounting feesPrograms $25,956 · Management $6,922 · Fundraising $1,730$34,608
IX-11g Other fees for servicesPrograms $125,487 · Management $6,525$132,012
IX-12 Advertising and promotionManagement $2,129 · Fundraising $1,874$4,003
IX-13 Office expensesPrograms $4,480 · Management $9,142 · Fundraising $2,000$15,622
IX-14 Information technologyPrograms $20,205 · Management $1,354$21,559
IX-16 OccupancyPrograms $38,307 · Management $10,215 · Fundraising $2,554$51,076
IX-17 TravelPrograms $4,416 · Management $2,269$6,685
IX-19 Conferences, conventions and meetingsPrograms $44,943 · Management $1,672$46,615
IX-20 InterestPrograms $7,752 · Management $2,067 · Fundraising $517$10,336
IX-22 Depreciation, depletion and amortizationPrograms $13,651 · Management $3,780 · Fundraising $910$18,341
IX-23 InsurancePrograms $49,418 · Management $13,178 · Fundraising $3,294$65,890
IX-24 Other expenses (24a–d)Programs $68,858 · Management $7,840$76,698
IX-24e All other expensesManagement $2,031$2,031
IX-25 Total functional expensesPrograms $1,168,876 · Management $253,327 · Fundraising $185,398$1,607,601
Part X · Balance sheet $783,584 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $143,081$586,816
X-4 Accounts receivableStart of year $592,140$185,480
X-9 Prepaid expenses and deferred chargesStart of year $22,917$2,594
X-10c Land, buildings and equipment, netStart of year $10,409$8,507
X-14 Intangible assetsStart of year $327$187
X-16 Total assetsStart of year $768,874$783,584
X-17 Accounts payable and accrued expensesStart of year $3,668$668
X-24 Unsecured notes and loans payableStart of year $55,815$22,033
X-25 Other liabilitiesStart of year $124,151$3,996
X-26 Total liabilitiesStart of year $183,634$26,697
X-27 Net assets without donor restrictionsStart of year $585,240$756,887
X-32 Total net assets or fund balancesStart of year $585,240$756,887
X-33 Total liabilities and net assetsStart of year $768,874$783,584
Part XI · Reconciliation of net assets $756,887 net assets at year end
XI-1 Total revenue$1,779,248
XI-2 Total expenses$1,607,601
XI-3 Revenue less expenses$171,647
XI-4 Net assets at start of year$585,240
XI-10 Net assets at end of year$756,887

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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