Aphesis House, Inc.
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$900,017.00
Projected Expenses
$900,017.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Aphesis House Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $402,961.00 | $1,506,996.00 | $348,400.00 |
| Total Expenses | $397,320.00 | $1,221,924.00 | $394,139.00 |
| Revenue Less Expenses | $5,641.00 | $285,072.00 | ($45,739.00) |
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 | $134,800.00 | $0.00 | $0.00 |
| Government - Local | $89,587.00 | $0.00 | $0.00 |
| Government - Unspecified | $10,001.00 | $1,313,500.00 | $127,431.00 |
| Contributions, Gifts, and Grants | $50,029.00 | $92,801.00 | $79,502.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $118,544.00 | $100,695.00 | $141,467.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $297,991.00 | $213,804.00 | $295,604.00 |
| Administration Expense | $99,329.00 | $71,268.00 | $98,535.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 101% | 529% | 88% |
| Program Expense/Total Expenses | 75% | 75% | 75% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | State Government Grants $134,800.00 | Government Grants $1,313,500.00 | Program Revenue $141,467.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $118,544.00 | Program Revenue $100,695.00 | Government Grants $127,431.00 |
| Third Highest Funding Source & Dollar Amount | Local Government Grants $89,587.00 | Contributions, Gifts, and Grants $92,801.00 | Contributions, Gifts, Grants $79,502.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $2,425,141.00 | $2,400,638.00 | $706,586.00 |
| Current Assets | $240,329.00 | $1,296,789.00 | $91,353.00 |
| Long-Term Liabilities | $957,597.00 | $938,735.00 | $466,605.00 |
| Current Liabilities | $0.00 | $0.00 | $0.00 |
| Total Net Assets | $1,467,544.00 | $1,461,903.00 | $239,981.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2025
Solicitations Permit
Form 990s
Audit Documents
| aphesis house, inc. 2011 audit | 2011 |
| aphesis house, inc. 2008 audit | 2008 |
| aphesis house, inc. 2006 audit | 2006 |
| aphesis house, inc. 2005 audit | 2005 |
CEO/Executive Director/Board Comments
| One of biggest financial challenges of Aphesis House is to level its financial giving field, i.e. to avoid becoming overly financially dependent on one type of financial support over another. Historically, we have relied more on grants than other forms of financial support. Now we are trying to build our individual donor base. We are in the process of formulating a development plan that will include donor development, an annual fundraising event, new financial outreach methods, and creative development activities. |
Foundation Staff Comments
| Financials taken from 990.990 prepared by My Accounting DBA Marc Edinburgh. Comments provided by Hayley Sulfridge 6/25/24. |
