The Next Door
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$6,690,733.00
Projected Expenses
$6,250,248.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| The Next Door IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $11,071,629.00 | $9,077,574.00 | $10,091,124.00 |
| Total Expenses | $87,801,014.00 | $9,784,459.00 | $9,426,471.00 |
| Revenue Less Expenses | ($76,729,385.00) | ($706,885.00) | $664,653.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| 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 | $2,420,893.00 | $2,451,925.00 | $2,168,869.00 |
| Contributions, Gifts, and Grants | $2,262,412.00 | $1,606,381.00 | $1,940,414.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $6,387,583.00 | $4,431,276.00 | $5,954,225.00 |
| Investment Income, Net of Losses | $741.00 | $387.00 | $1,125.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $587,605.00 | $26,491.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $6,659,879.00 | $7,717,381.00 | $7,432,547.00 |
| Administration Expense | $1,447,166.00 | $1,520,879.00 | $1,465,959.00 |
| Fundraising Expense | $593,969.00 | $546,199.00 | $527,965.00 |
| Total Revenue/Total Expenses | 127% | 93% | 107% |
| Program Expense/Total Expenses | 77% | 79% | 79% |
| Fundraising Expense/Contributed Revenue | 7% | 6% | 6% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $6,387,583.00 | Program Revenue $4,431,276.00 | Program Revenue $5,954,225.00 |
| Second Highest Funding Source & Dollar Amount | Government Grants $2,420,893.00 | Government Grants $2,451,925.00 | Government Grants $2,168,869.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $2,262,412.00 | Contributions, Gifts, and Grants $1,606,381.00 | Contributions, Gifts, and Grants $1,940,414.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $10,946,911.00 | $9,029,636.00 | $9,790,699.00 |
| Current Assets | $895,273.00 | $1,185,419.00 | $1,626,840.00 |
| Long-Term Liabilities | $4,385,835.00 | $4,856,303.00 | $5,132,669.00 |
| Current Liabilities | $399,186.00 | $408,848.00 | $186,660.00 |
| Total Net Assets | $6,161,890.00 | $3,764,485.00 | $4,471,370.00 |
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?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| The Next Door's budget consists of reimbursements from third party payers and fundraising dollars. In 2019, we began the process of analyzing our revenue streams in order to maximize our earned revenue. We are continuing this process and will be making future financial decisions according to the results we see. Additionally, our development team continues to seek funds from individuals, corporations, churches, and foundations through written applications, marketing and fundraising campaigns, and events. Moving into Q4 of FY20, The Next Door is financially strong. |
Foundation Staff Comments
| Financials taken from the 990. Financials completed by Crosslin, PLLC. Foundation or corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in the 990. Comments provided by Nicole Rose 10/10/2022. |
