Welcome Home Ministries
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$1,165,235.00
Projected Expenses
$1,165,235.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| welcome home ministries irs letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $1,183,818.00 | $971,917.00 | $1,312,543.00 |
| Total Expenses | $1,092,105.00 | $1,114,267.00 | $1,045,474.00 |
| Revenue Less Expenses | $91,713.00 | ($142,350.00) | $267,069.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $306,606.00 | $234,089.00 | $236,139.00 |
| Contributions, Gifts, and Grants | $278,702.00 | $206,032.00 | $521,042.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $506,336.00 | $438,265.00 | $345,754.00 |
| Investment Income, Net of Losses | $1,415.00 | $5.00 | $14.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $90,382.00 | $90,967.00 | $97,612.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $377.00 | $2,559.00 | $111,982.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $896,460.00 | $893,148.00 | $834,278.00 |
| Administration Expense | $195,645.00 | $221,119.00 | $211,196.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 108% | 87% | 126% |
| Program Expense/Total Expenses | 82% | 80% | 80% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $506,336.00 | Program Revenue $438,265.00 | Contributions, Gifts, and Grants $521,042.00 |
| Second Highest Funding Source & Dollar Amount | Government Grants $306,606.00 | Government Grants $234,089.00 | Program Revenue $345,754.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $278,702.00 | Contributions, Gifts, and Grants $206,032.00 | Government Grants $236,139.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $2,376,822.00 | $2,339,256.00 | $2,477,012.00 |
| Current Assets | $130,423.00 | $67,774.00 | $93,794.00 |
| Long-Term Liabilities | $297,474.00 | $364,853.00 | $353,664.00 |
| Current Liabilities | $33,493.00 | $26,412.00 | $25,786.00 |
| Total Net Assets | $2,045,855.00 | $1,947,991.00 | $2,097,562.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$40,365.32
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
Yes
Do you anticipate a campaign in the next 5 years?
No
What is the campaign goal?
$100,000.00
What is the purpose of the capital campaign?
to raise funding to purchase 2 duplexes to provide permanent supportive housing for men in recovery at affordable rates.
Campaign Start
September 2023
Campaign End
December 2024
Campaign Raised to Date Month
August
Campaign Raised to Date Year
2024
Campaign Raised to Date Amount
$60,000.00
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2025
Solicitations Permit
Form 990s
Audit Documents
Foundation Staff Comments
| Financials taken from 990 and audit. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Financial documents completed by Crosslin, PLLC. Comments provided by Hayley Sulfridge 9/24/24. |
