North Carolina · Nonprofit
HOUSING FOR NEW HOPE
HOUSING FOR NEW HOPE (North Carolina) receives grants from 37 organizations whose IRS filings report $2,744,104 to it, the largest being THE STEWARDS FUND ($434,406). 24 of them have funded it in more than one year.
- Revenue FY2024
- $3.8M
- Funders on record
- 37
- Grants received
- $2.7M
- Net assets
- $4.5M
What Housing for New Hope does
Mission
To end homelessness one valuable person at a time
As stated on its FY2024 Form 990.
Programs
On its FY2024 return the organization reported a significant change in how it conducts a program.
Housing for New Hope transitioned from being the lead direct service provider for durham's street outreach efforts to the fiscal agent and strategic advisor for the time-limited partnership with durham county and central pines regional council (via arpa grant).
Its own explanation, from Schedule O of that return (Part III, line 3).
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.
$1,621,324 spentof which $628,882 as grants50% of program spendingCampus 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.
$579,110 spent$229,851 earned by the program18% of program spendingAffordale 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.
$725,770 spent$561,788 earned by the program22% of program spendingStreet 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.
$340,035 spentof which $4,301 as grants10% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $3,266,239.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $6.2M to $12M (+96%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 52% · 2018 40% · 2019 60% · 2020 48% · 2021 59% · 2022 58% · 2023 57% · 2024 55%. Grants only. Government contracts and fees sit inside program revenue.
81% of HOUSING FOR NEW HOPE’s revenue is contributions — more donation-reliant than the typical peer (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Russell Pierce
Executive director
Board chair
Erica Maddox
Board chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 5 funders to 21 funders, grant income rose $65k → $613k.
10 of 37 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 15% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of HOUSING FOR NEW HOPE’s funders (the co-funder graph). Top 30 of 37 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
HOUSING FOR NEW HOPE has a broad base — no single funder exceeds 16% of grant income, and it takes 5 funders to reach half.
the vertical line marks half of all grant income — 5 funders to its left
49% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund HOUSING FOR NEW HOPE.
Largest funder’s share by year: 2017 42% · 2018 41% · 2019 31% · 2020 59% · 2021 34% · 2022 42% · 2023 41% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
57% of HOUSING FOR NEW HOPE's funders are still giving 3 years after their first grant; 65% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
74% of HOUSING FOR NEW HOPE's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $420k arriving through sponsors registered in 9 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
HOUSING FOR NEW HOPE is better cushioned than half of the 3,973 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 3,973 housing & shelter nonprofits $1M–$10M, FY2024
Government funding HOUSING FOR NEW HOPE receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $8.4M on record.
- Department of Housing and Urban Development$8.4M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like HOUSING FOR NEW HOPE
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
85% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for HOUSING FOR NEW HOPE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds HOUSING FOR NEW HOPE?
- HOUSING FOR NEW HOPE (North Carolina) receives grants from 37 organizations whose IRS filings report $2,744,104 to it, the largest being THE STEWARDS FUND ($434,406). 24 of them have funded it in more than one year.
- How many funders does HOUSING FOR NEW HOPE have?
- IRS filings report 37 organizations giving $2,744,104 in grants to HOUSING FOR NEW HOPE, 24 of which have funded it in more than one year.
- Who is the largest funder of HOUSING FOR NEW HOPE?
- THE STEWARDS FUND is the largest funder on record, with $434,406 in grants. The full list of funders is on this page.
- How can an organization like HOUSING FOR NEW HOPE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Housing for New Hope →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 37 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing