Welcoming Light Inc
- Assets
- $871.4k
- Revenue
- $308.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashua, NH
- Founding
- 08/1996
- Data as of
- 06/2022
- EIN
- 02-0481648
Organization Overview
Welcoming Light Inc is located in Nashua, NH. The organization was established in 1996. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Welcoming Light 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, Welcoming Light Inc generated $308.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $240.6k during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
AFFORDABLE HOUSING, ALONG WITH SUPPORTIVE SERVICES, TO INDIVIDUALS WHO ARE ELDERLY AND/OR HAVE DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES AFFORDABLE ROOMS AND APARTMENTS FOR RENT, ALONG WITH SUPPORTIVE SERVICES TO INDIVIDUALS WHO ARE EXPERIENCING HOMELESSNESS AND/OR ARE ELDERLY AND/OR HAVE DISABILITIES IN A MANNER THAT IS COMPASSIONATE, FLEXIBLE, AND THAT MAXIMIZES PERSONAL INDEPENDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Arnold III Board Member | Trustee | 0.25 | $0 |
Vijay Bhatt Board Member | Trustee | 0.25 | $0 |
Rosemarie Dykeman Board Member | Trustee | 0.25 | $0 |
Sekondi Foster Board Member | Trustee | 0.25 | $0 |
Alison C Madden MD Board Member | Trustee | 0.25 | $0 |
Lanna Martin Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $283,054 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $25,272 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,336 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,825 |
| Pension plan accruals and contributions | $264 |
| Other employee benefits | $5,815 |
| Payroll taxes | $3,827 |
| Fees for services: Management | $7,004 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,459 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,841 |
| Advertising and promotion | $0 |
| Office expenses | $9,636 |
| Information technology | $1,796 |
| Royalties | $0 |
| Occupancy | $44,631 |
| Travel | $698 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,758 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,837 |
| Insurance | $5,759 |
| All other expenses | $0 |
| Total functional expenses | $240,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,842 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,787 |
| 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 | $798,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,365 |
| Total assets | $871,383 |
| Accounts payable and accrued expenses | $4,789 |
| Grants payable | $0 |
| Deferred revenue | $3,395 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $633,231 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $302,640 |
| Total liabilities | $944,055 |
| Net assets without donor restrictions | -$72,672 |
| 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 | $871,383 |