Better Business Bureau Report for
Homes with Hope, Inc.

Better Business Bureau Report issued July 2011
Better Business Bureau Report expires July 2012


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Homes with Hope, Inc.
Address: P.O. Box 70146
  Houston, TX 77270
Phone: 713-864-1885
Web Address: http://www.homeswithhope.org
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Better Business Bureau Comments

Year, State Incorporated: 2002, Texas
Affiliates: None
Stated Purpose: Homes with Hope, Inc. is a private, non-profit Child-Placing Agency for children in foster care. Their mission is to restore abandoned, abused or neglected children into homes by establishing them in a community of Christ-centered families who will, in relationship with the local church, foster children and in some cases even adopt them.

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Evaluation Conclusions

               

Homes with Hope, Inc. does not meet the following Standard for Charity Accountability.

Standard 12: Detailed Functional Breakdown of Expenses - Include in the financial statements a breakdown of expenses (e.g., salaries, travel, postage, etc.) that shows what portion of these expenses was allocated to program, fund raising, and administrative activities. If the charity has more than one major program category, the schedule should provide a breakdown for each category.

Homes with Hope, Inc. does not meet this Standard because its audited financial statements for the year ended December 31, 2008 did not include a functional breakdown of expenses.

 
In addition, the Houston BBB requested but did not receive complete information on the organization’s finances and is unable to verify the organization's compliance with the following 3Standards for Charity Accountability: 8, 9, and 13.
Homes with Hope, Inc. meets the remaining 16 Standards for Charity Accountability.
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Programs

               

Foster care - Families provided foster care for children who are in the custody of CPS for a total of 3,487 days of care in 2009. Adoption - Families adopt children. Support - Homes with Hope supports families by providing practical help through education, training, mentoring, social gatherings, and respite care. Six new families completed PRIDE training and the licensing process.

For the fiscal year ended December 31, 2008, Homes with Hope, Inc.'s program expenses were:

  
Total:
Total Program Expenses: $
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Governance

               

Chief Executive : Patricia Herren, Executive Director
Compensation*:
 $67,190

Chair of the Board: Janice Barlow
Chair's Profession / Business Affiliation: Butler & Harris, Paralegal

Board Size: 7

Paid Staff Size: 4

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, invitations to fund raising events, internet
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on Homes with Hope, Inc.'s audited financial statements for the fiscal year ended December 31, 2008.

Source of Funds  
Admissions and program fees 131,228
Fundraisers 94,091
Contributions and support 63,886
Gifts in kind 35,481
Interest 1,768
Total Income $326,454


chart



Uses of Funds as a % of Total Expenses

     

Total income   $326,454
  Program expenses $0
  Fund raising expenses 0
  Administrative expenses 0
 
Total expenses   $297,736
Income in Excess of Expenses   28,718
Beginning net assets   90,384
Ending net assets   119,102
Total liabilities   10,089
Total assets   $129,181


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Complaints

               

The BBB has processed no complaints about this organization in the past 36 months, our standard reporting time period.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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