Restoration Housing Inc
Nonprofit profile at a glance
- EIN
- 471045682
- IRS 990 coverage
- 2018–2025
- Forms available
- Form 990 2025, Form 990-EZ 2017, Form 990-N 2015
- Location
- Roanoke, VA, USA
- Phone
- 9178879840
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $1,934,613
- Expenses
- $452,015
- Assets
- $5,147,456
- Liabilities
- $454,434
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- CAROL TUNING (PRESIDENT)
- JOHN CORNTHWAIT (VICE PRESIDENT)
- ISABEL THORNTON (EXECUTIVE DIRECTOR)
Highest reported compensation
- ISABEL THORNTON (EXECUTIVE DIRECTOR): $66,788 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to create and assist in development projects with a focus on historic preservation of architectural resources. Our projects are intended to both address the needs of limited income families and to strengthen the community by reducing blight and vacancy
What it reported doing in 2025
In 2025, restoration housing completed the nine-month long rehabilitation of the grove on patterson, which is a sixteen bed residential treatment facility for pregnant and post partum women and their newborn infants. We also started construction on "trinity commons", which is an adaptive reuse of the historic annex of trinity united methodist church into fifteen units of elderly affordable housing. Program growth has subsequently increased substantially and the organization managed that growth throughout the year while also beginning pre-development work for two historic home rehabs that are in the pipeline for 2026 and 2027. We continued to own and manage our inventory of historic homes that operate as affordable housing, which involves substantial maintenance and operational support.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 30
- Transparency & Controls: 86
- Accountability: 100
- Sustainability: 79
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 12.1%; rating input score 12
- Program expense ratio: 51.5%; rating input score 51
- Fundraising efficiency: $24.12 raised per $1 spent on fundraising; rating input score 60; 60th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 24th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 76.6%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 11.39; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 14.8%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 34.5% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 25.5% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 30% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 12.1% of revenue deployed · 51.5% of spending went to programs
- Governance: 10 of 10 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $233K in reported program spending
- Leadership: top reported pay $67K · 11 people listed
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 7 filing years from 2018 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 5 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 12/100.
- Review — Financial Efficiency: Program expense ratio scored 51/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 25/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.