The Journey Home
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$1,559,770.00
Projected Expenses
$1,559,770.00
Organizational Budgets and Other Documents
| 2024 Budget Projection | 2024 |
| 2023 Budget | 2023 |
| 2022 Budget | 2022 |
| 2021 Budget Summary | 2021 |
| 2020 TJH Budget | 2020 |
| 8868 Application for Extension 2020 | 2020 |
| 2019 TJH Budget | 2019 |
| 2018 TJH Budget | 2018 |
| 2017 TJH Budget | 2017 |
| 2016 TJH Budget | 2016 |
| 2015 TJH Budget | 2015 |
IRS Letter of Exemption
| the journey home irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $2,624,906.00 | $2,077,420.00 | $1,381,713.00 |
| Total Expenses | $1,710,217.00 | $1,596,688.00 | $1,093,957.00 |
| Revenue Less Expenses | $914,689.00 | $480,732.00 | $287,756.00 |
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 | $567,992.00 | $750,123.00 | $533,821.00 |
| Contributions, Gifts, and Grants | $1,389,309.00 | $830,093.00 | $557,889.00 |
| Indirect Public Support | $166,120.00 | $0.00 | $0.00 |
| Earned Revenue | $167,241.00 | $121,711.00 | $101,430.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $51,922.00 | $52,570.00 | $0.00 |
| Revenue In-Kind | $281,666.00 | $295,540.00 | $180,948.00 |
| Other | $656.00 | $27,383.00 | $7,625.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $1,462,907.00 | $1,359,639.00 | $974,658.00 |
| Administration Expense | $118,947.00 | $143,097.00 | $62,532.00 |
| Fundraising Expense | $128,363.00 | $93,952.00 | $50,767.00 |
| Total Revenue/Total Expenses | 153% | 130% | 127% |
| Program Expense/Total Expenses | 86% | 85% | 90% |
| Fundraising Expense/Contributed Revenue | 8% | 6% | 5% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,389,309.00 | Contributions, Gifts, and Grants $830,093.00 | Contributions, Gifts, Grants $557,889.00 |
| Second Highest Funding Source & Dollar Amount | Government Grants $567,992.00 | Government Grants $750,123.00 | Government Grants $533,821.00 |
| Third Highest Funding Source & Dollar Amount | Noncash Contributions $281,666.00 | Noncash Contributions $295,540.00 | Noncash Contributions $180,948.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $2,810,186.00 | $1,891,094.00 | $1,969,419.00 |
| Current Assets | $1,538,285.00 | $609,854.00 | $1,060,258.00 |
| Long-Term Liabilities | $104,265.00 | $21,576.00 | $143,901.00 |
| Current Liabilities | $86,866.00 | $106,336.00 | $604,786.00 |
| Total Net Assets | $2,619,055.00 | $1,701,464.00 | $1,220,732.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
Yes
Do you anticipate a campaign in the next 5 years?
Yes
What is the campaign goal?
$5,750,000.00
What is the purpose of the capital campaign?
Our Capital Campaign will be used to build a new resource center on land that is owned by The Journey Home. The resource center will allow for expanded services and ten short-term family housing units. Rutherford County currently has four short-term family housing units available excluding domestic violence resources. If you would like more information, please contact Scott Foster, Executive Director -- SFoster@LoveGodServePeople.org
Campaign Start
August 2021
Campaign End
December 2025
Campaign Raised to Date Month
November
Campaign Raised to Date Year
2023
Campaign Raised to Date Amount
$4,600,000.00
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
| Audit The Journey Home | 2022 |
| Audit | 2021 |
| 2020 and 2019 Financial Statement | 2020 |
| Audited Financial Statement 2019 | 2019 |
| TJH Audited Financial Statements | 2018 |
| Auditor's Report | 2017 |
| Auditor's Report | 2016 |
| Auditor's Report | 2015 |
| TJH Audit 2014 | 2014 |
| TJH Audit 2013 | 2013 |
| TJH Audit 2012 | 2012 |
CEO/Executive Director/Board Comments
| The Journey Home continues to provide a very high level of income directly through to program services. We continue to adjust budgeted expenses to income in order to avoid debt. TJH has no outside debt and works within its means. Financial statements are often difficult to follow because unusual gifts or grants are usual for us. The most common are grants to purchase homes to use for our supportive housing programs. They show up as income in the purchase year, which often makes our cash position seem overstated, but these are assets and do not help operationally in paying monthly services for clients and program costs. This has been the case in gifts for leasehold improvement as well. In each year, we spend all our income on program costs and other overhead and have to adjust what we are able to provide based on actual operating cash gifts/grants coming in. The assets will provide for many years to come but require closer scrutiny of financials to really see the organization needs in providing for the fast-growing community. |
Foundation Staff Comments
| Financial figures taken from the 990. 990 was prepared by Dempsey, Vantreast & Follis, PLLC. Schedule B removed to protect donor privacy. Comments provided by Hayley Sulfridge 10/5/2023. |
