Nonprofit · EIN 46-5238019
HOME OF OPPORTUNITY AND DREAMS INCORPORATED
Tax-exempt (reinstated) · SOMERSET, KY 42501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $234,691 | $232,611 | $2,080 | $87,729 | $27,220 | $60,509 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $2,765
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $231,926
- Other revenue
- $231,926
Expenses
- Grants and similar amounts paid
- $117,787
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $600
- Salaries, compensation and benefits (total)
- $666
- Professional fundraising fees
- $0
- Accounting fees
- $500
- Travel
- $22,066
- Depreciation
- $8,371
- Program services (functional)
- $228,211
- Management and general (functional)
- $4,400
Balance sheet and other
- Total assets, start of year
- $65,091
- Total assets, end of year
- $87,729
- Total liabilities, end of year
- $27,220
- Net assets, end of year
- $60,509
- Land, buildings and equipment
- $54,208
- Net assets without donor restrictions
- $60,509
- Gross receipts
- $234,691
- Employees
- 0
- Year formed
- 2017
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID TOWNSEND | President Trustee or director, Officer | 0 | $0 |
| ROBERT HAMMONS | Director Trustee or director, Officer | 0 | $0 |
| MARIA MARTIN | Director Trustee or director, Officer | 0 | $0 |
| CAROLYN BROWN | Director Trustee or director | 0 | $0 |
| GEORGE MARTINEZ | Director Trustee or director | 0 | $0 |
| ELIZA YORK | Director Trustee or director | 0 | $0 |
| PAM BLACK | Director Trustee or director | 0 | $0 |
| TAMMY MCVEY | Secretary Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 161 HILL ST, SOMERSET, KY 42501-1671
- In care of
- % DAVID TOWNSEND
- Mailing address (990-N for 2024)
- 161 Hill Street, Somerset KY 42501
- Principal officer (990 for 2023)
- DAVID TOWNSEND, 161 HILL ST, SOMERSET, KY 42501
- Principal officer (990-N for 2024)
- David Townsend, 161 Hill Street, Somerset KY 42501
- Signed the 990
- DAVID TOWNSEND, Director
- Phone
- (859) 358-9445
- Website
- www.thehoodinc.org
- Return prepared by
- Vice and Smith PSC
Mission
To provide a safe environment and activities for primarily low income, at-risk youth and encourage and challenge them to be their best. Also operate a group home for kids who need a caring home.
Program accomplishments
- Helped over 100 kids through programs, activities, volunteering and providing a caring home for those who need it.Expenses $228,211
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-5238019
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P20)
Revocation and reinstatement
- Exemption revoked
- May 15, 2017
- Posted by the IRS
- August 16, 2017
- Reinstated
- Effective May 15, 2017
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2024 Officer: David Townsend | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2023 | $234,691 | $232,611 | $87,729 | XML |
| 990 | December 2022 | $338,296 | $295,053 | $65,091 | IRS |
| 990-N for 2021 Officer: David Townsend | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: David Townsend | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: David Townsend | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-5238019).
Questions about HOME OF OPPORTUNITY AND DREAMS INCORPORATED
- What is the EIN of HOME OF OPPORTUNITY AND DREAMS INCORPORATED?
- The employer identification number (EIN) of HOME OF OPPORTUNITY AND DREAMS INCORPORATED is 46-5238019.
- Is HOME OF OPPORTUNITY AND DREAMS INCORPORATED tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2017 and reinstated it effective May 15, 2017.
- Are donations to HOME OF OPPORTUNITY AND DREAMS INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOME OF OPPORTUNITY AND DREAMS INCORPORATED file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of HOME OF OPPORTUNITY AND DREAMS INCORPORATED due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOME OF OPPORTUNITY AND DREAMS INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2024 for the year ended December 31, 2024.
- Who is the principal officer of HOME OF OPPORTUNITY AND DREAMS INCORPORATED?
- The 990 for the year ended December 31, 2023 names DAVID TOWNSEND.
- Who are the officers and directors of HOME OF OPPORTUNITY AND DREAMS INCORPORATED?
- The 990 for the year ended December 31, 2023 lists 8 people; 0 received compensation from the organization.
- How much revenue does HOME OF OPPORTUNITY AND DREAMS INCORPORATED have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $234,691, expenses of $232,611 and total assets of $87,729 at year end.
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