Nonprofit · EIN 58-2089068
HOUSING FOR NEW HOPE INC
Tax-exempt · DURHAM, NC 27705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $3,792,151 | $3,774,131 | $18,020 | $12,147,363 | $7,626,414 | $4,520,949 |
| August 31, 2024 | 990 | $3,826,833 | $3,602,455 | $224,378 | $12,170,086 | $7,674,755 | $4,495,331 |
| August 31, 2023 | 990 | $3,025,908 | $3,028,127 | -$2,219 | $12,190,188 | $7,919,235 | $4,270,953 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $2,971,944
- of which government grants
- $2,176,360
- Program service revenue
- $791,639
- Investment income
- $28,568
- Net gain from sales of assets
- $1,152
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $633,183
- Compensation of officers, directors and key employees
- $120,385
- Other salaries and wages
- $1,234,053
- Salaries, compensation and benefits (total)
- $1,592,899
- Professional fundraising fees
- $0
- Accounting fees
- $52,754
- Occupancy
- $413,320
- Travel
- $8,573
- Depreciation
- $283,102
- Program services (functional)
- $3,266,239
- Management and general (functional)
- $391,898
- Fundraising (functional)
- $115,994
Balance sheet and other
- Total assets, start of year
- $12,170,086
- Total assets, end of year
- $12,147,363
- Total liabilities, end of year
- $7,626,414
- Net assets, end of year
- $4,520,949
- Land, buildings and equipment
- $9,573,214
- Net assets without donor restrictions
- $3,893,995
- Net assets with donor restrictions
- $626,954
- Gross receipts
- $3,792,151
- Employees
- 33
- Volunteers
- 300
- Year formed
- 1993
- State of legal domicile
- NC
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RUSSELL PIERCE | EXECUTIVE DIRECTOR Officer | 45 | $109,156 | $14,084 |
| DEREK WILLIAMS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| REV BOB KAYNOR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS WILLIAMS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ERICA MADDOX | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| NICOLE SCHRAMM-SAPYTA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CARMELLA LABIANCA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH STYRON HOWZE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EMILY HERNDON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARTHA ARANGO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF MARKO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANGELA HOLMES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| REV CHRIS TUTTLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JARVIS MARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LIZZY HAZELTINE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended August 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RUSSELL PIERCE | EXECUTIVE DIRECTOR Officer | 45 | $106,988 | $12,827 |
| ERICA MADDOX | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| THOMAS WILLIAMS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| REV BOB KAYNOR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LIZZY HAZELTINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JARVIS MARTIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| REV CHRIS TUTTLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEREK WILLIAMS | SECRETARY Trustee or director | 1 | $0 | $0 |
| ANGELA HOLMES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JEFF MARKO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARTHA ARANGO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EMILY HERNDON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ELIZABETH STYRON HOWZE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CARMELLA LABIANCA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE SCHRAMM-SAPYTA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended August 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RUSSELL PIERCE | EXECUTIVE DIRECTOR Officer | 45 | $110,723 | $12,896 |
| ERICA MADDOX | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| THOMAS WILLIAMS | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| REV CHRIS BRESLIN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| REV BOB KAYNOR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAWN BLAND | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LIZZY HAZELTINE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JARVIS MARTIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| REV CHRIS TUTTLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DEREK WILLIAMS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KAY FERGUSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANGELA HOLMES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JEFF MARKO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 18 W COLONY PL STE 250, DURHAM, NC 27705-7202
- Principal officer (990 for 2024)
- RUSSELL PIERCE, 18 W COLONY PLACE SUITE 250, DURHAM, NC 27705
- Signed the 990
- RUSSELL PIERCE, EXECUTIVE DIRECTOR
- Phone
- (919) 489-6282
- Website
- WWW.HOUSINGFORNEWHOPE.ORG
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
PREVENTING AND ENDING HOMELESSNESS, ONE VALUABLE PERSON AT A TIME.
Program accomplishments
- COMMUNITY BASED SUPPORTIVE HOUSING HNH'S COMMUNITY-BASED SUPPORTIVE HOUSING PROGRAMS SERVE INDIVIDUALS AND FAMILIES WHO FACE BARRIERS TO HOUSING STABILITY THROUGH A RANGE OF SHORT-TERM AND LONG-TERM HOUSING OPTIONS INTEGRATED THROUGHOUT THE COMMUNITY. IN PARTNERSHIP WITH MORE THAN 50 PRIVATE LANDLORDS ACROSS DURHAM AND THE SURROUNDING AREA, HOUSING FOR NEW HOPE HELPS PARTICIPANTS SECURE SAFE, AFFORDABLE HOUSING. HOUSING NAVIGATORS SUPPORT PARTICIPANTS IN LOCATING AND OBTAINING HOUSING, WHILE HOUSING STABILITY COORDINATORS CONNECT RESIDENTS TO SERVICES AND RESOURCES THAT PROMOTE LONG-TERM HOUSING STABILITY AND WELL-BEING.Expenses $1,621,324 · grants $628,882
- CAMPUS BASED SUPPORTIVE HOUSINGHNH'S CAMPUS-BASED SUPPORTIVE HOUSING PROGRAMS SERVE INDIVIDUALS WHO FACE COMPLEX BARRIERS TO LONG-TERM HOUSING STABILITY AND BENEFIT FROM LIVING IN A COMMUNITY WITH INTEGRATED, ON-SITE SERVICES. ANDOVER APARTMENTS IN DOWNTOWN DURHAM AND WILLIAMS SQUARE APARTMENTS ON THE WILLIAMS SQUARECARVER CREEK CAMPUS PROVIDE PERMANENT SUPPORTIVE HOUSING FOR INDIVIDUALS EXITING LONG-TERM HOMELESSNESS AND LIVING WITH DISABLING CONDITIONS. RESIDENTS LIVE IN EFFICIENCY APARTMENTS AND HAVE ACCESS TO ON-SITE SERVICES THAT SUPPORT HOUSING STABILITY, HEALTH, AND WELL-BEING. HOUSING STABILITY COORDINATORS WORK CLOSELY WITH RESIDENTS TO CONNECT THEM TO HEALTHCARE, INCOME SUPPORTS, BEHAVIORAL HEALTH SERVICES, AND OTHER RESOURCES THAT HELP THEM MAINTAIN STABLE HOUSING AND IMPROVE QUALITY OF LIFE.Expenses $579,110 · revenue $229,851
- AFFORDALE HOUSINGHNH'S AFFORDABLE HOUSING COMMUNITIES SERVE INDIVIDUALS AND FAMILIES EARNING LESS THAN 50% OF THE AREA MEDIAN INCOME AND PROVIDE STABLE, AFFORDABLE HOUSING THAT PROMOTES LONG-TERM HOUSING SECURITY AND WELL-BEING. THROUGH PROPERTIES INCLUDING COLE MILL PLACE, WHICH OFFERS TWO- AND THREE-BEDROOM APARTMENTS, AND CARVER CREEK APARTMENTS, RESIDENTS HAVE ACCESS TO QUALITY HOUSING WITHIN SUPPORTIVE COMMUNITIES. CARVER CREEK APARTMENTS CURRENTLY OPERATES AS AFFORDABLE HOUSING AND IS EXPECTED TO TRANSITION TO SUPPORTIVE HOUSING IN THE COMING YEARS, EXPANDING ACCESS TO SERVICES AND RESOURCES THAT HELP RESIDENTS MAINTAIN HOUSING STABILITY AND IMPROVE QUALITY OF LIFE.Expenses $725,770 · revenue $561,788
- STREET OUTREACHHOUSING FOR NEW HOPE'S STREET OUTREACH TEAM LED DURHAM'S EFFORTS TO CONNECT WITH THE UNSHELTERED POPULATION IN RESPONSE TO REFERRALS FROM BUSINESSES, GOVERNMENT PARTNERS, COMMUNITY MEMBERS, AND OTHER HOUSING ASSISTANCE AGENCIES FOR MORE THAN 20 YEARS. IN 2025, THE AGENCY TRANSITIONED OUT OF ACTIVE IMPLEMENTATION OF STREET OUTREACH PROGRAMMING AND IS SUPPORTING THE CITY IN ITS EFFORTS TO STAND UP A NEW TEAM WHILE ALSO SERVING AS FISCAL AGENT AND STRATEGIC ADVISOR TO THE CENTRAL PINES REGIONAL COUNCIL-LED STREET MEDICINE PILOT PROJECT.Expenses $340,035 · grants $4,301
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 58-2089068
- 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
- 1994
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $12,147,363
- Income (IRS master file)
- $3,792,151
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $3,792,151 | $3,774,131 | $12,147,363 | XML |
| 990 | August 2024 | $3,826,833 | $3,602,455 | $12,170,086 | XML |
| 990 | August 2023 | $3,025,908 | $3,028,127 | $12,190,188 | XML |
| 990 | August 2022 | $3,790,070 | $3,846,211 | $6,208,701 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
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 58-2089068).
Questions about HOUSING FOR NEW HOPE INC
- What is the EIN of HOUSING FOR NEW HOPE INC?
- The employer identification number (EIN) of HOUSING FOR NEW HOPE INC is 58-2089068.
- Is HOUSING FOR NEW HOPE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to HOUSING FOR NEW HOPE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOUSING FOR NEW HOPE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOUSING FOR NEW HOPE INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOUSING FOR NEW HOPE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of HOUSING FOR NEW HOPE INC?
- The 990 for the year ended August 31, 2025 names RUSSELL PIERCE.
- Who are the officers and directors of HOUSING FOR NEW HOPE INC?
- The 990 for the year ended August 31, 2025 lists 15 people; 1 received compensation from the organization, the highest $109,156 (RUSSELL PIERCE, EXECUTIVE DIRECTOR).
- How much revenue does HOUSING FOR NEW HOPE INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $3,792,151, expenses of $3,774,131 and total assets of $12,147,363 at year end.
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All nonprofits in DURHAM · North Carolina · Housing and shelter