Home Tomorrow Inc
- Assets
- $673.6k
- Revenue
- $257.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Manchester, NH
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 02-0456805
Organization Overview
Home Tomorrow Inc is located in Manchester, NH. The organization was established in 1987. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 06/2022, Home Tomorrow Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Tomorrow Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Home Tomorrow Inc generated $257.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $378.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PARTNER WITH OTHER NONPROFIT ORGANIZATIONS TO HELP MAKE SHELTER FOR THOSE TRANSITIONING FROM HOMELESSNESS AND SHELTERS INTO A COMFORTABLE HOME IN AN EFFORT TO BATTLE HOMELESSNESS AND POVERTY; TO IDENTIFY INDIVIDUALS IN THE PRIMARY MARKET WE SERVE, BEGINNING WITH THE GREATER MANCHESTER (NH) AREA, AND TO PROVIDE FURNITURE AND OTHER HOME FURNISHINGS ENTIRELY FREE OF CHARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKING IN PARTNERSHIP WITH THE GREATER MANCHESTER COMMUNITY AND COMMUNITY MEMBERS IN NEED OF AFFORDABLE HOUSING AND HOMEOWNERSHIP IN AN EFFORT TO ESTABLISH AND SUSTAIN AFFORDABLE HOUSING.
HOME TOMORROW'S STORE & DONATION CENTER CONTINUES TO RECEIVE DONATIONS OF HOME FURNISHINGS, SUCH AS FURNITURE AND APPLIANCES, AND SELLS TO THE PUBLIC AT THRIFT PRICES. THE PROCEEDS SUPPORT THE MISSION OF DONATING HOME FURNISHINGS TO THOSE IN NEED FREE OF CHARGE IN CONCERT WITH OTHER 501(C)(3) PARTNER AGENCIES. BY BLENDING EXCESS WITH NEED, WE ARE ABLE TO SPARE OUR LOCAL LANDFILLS FROM NEEDLESS WASTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Tufts President | OfficerTrustee | 1 | $0 |
Kenneth Halle Vice-President | OfficerTrustee | 1 | $0 |
Rebecca Kane Treasurer | OfficerTrustee | 1 | $0 |
Graham Nadig Secretary | OfficerTrustee | 1 | $0 |
Michael Gelinas Member At Large | Trustee | 1 | $0 |
Michael Courtney Executive Director | Officer | 40 | $96,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,906 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,506 |
| Total Program Service Revenue | $261,503 |
| Investment income | $168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$50,286 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $257,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,020 |
| Compensation of current officers, directors, key employees. | $12,009 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,072 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,684 |
| Fees for services: Accounting | $9,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,000 |
| Advertising and promotion | $0 |
| Office expenses | $3,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,031 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $467 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,100 |
| Insurance | $3,983 |
| All other expenses | $0 |
| Total functional expenses | $378,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,148 |
| Savings and temporary cash investments | $598,281 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,009 |
| Total assets | $673,605 |
| Accounts payable and accrued expenses | $28,346 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,217 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,563 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $673,605 |