Drake House Inc
- Assets
- $5.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 31
- Location
- Roswell, GA
- Founding
- 01/2005
- Data as of
- 06/2022
- EIN
- 20-0943038
Organization Overview
Drake House Inc is located in Roswell, GA. The organization was established in 2005. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Drake House Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drake House 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, Drake House Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 13.2% 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
TO PROVIDE A LIFELINE OF SUPPORTIVE HOUSING AND ENRICHMENT PROGRAMS FOR HOMELESS MOTHERS AND THEIR CHILDREN IN NORTH METRO ATLANTA, GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DRAKE HOUSE, INC. IS A CRISIS RESIDENTIAL ASSESSMENT CENTER FOR HOMELESS WOMEN AND CHILDREN IN NORTH FULTON COUNTY, GEORGIA. IT PROVIDES IMMEDIATE RESIDENTIAL HOUSING, COMBINED WITH AN EMPOWERMENT PROGRAM DESIGNED TO PROVIDE STABILITY FOR THE CHILDREN AND ASSIST THE FAMILY IN WORKING TOWARD HOUSING SELF-SUFFICIENCY. THE DRAKE HOUSE, INC. ADDRESSES THE LONG-STANDING NEED FOR EMERGENCY HOUSING FOR WOMEN AND CHILDREN IN THE NORTH FULTON COMMUNITY. IT OFFERS RESIDENTIAL HOUSING AND IN-DEPTH ASSESSMENTS TO FAMILIES. THE TARGET POPULATION IS SINGLE MOTHERS WITH MINOR CHILDREN. THESE MOTHERS MAY BE UNEMPLOYED OR UNDEREMPLOYED AND LACK SUFFICIENT INCOME TO MEET ALL EXPENSES OF LIFE IN THE NORTH FULTON COMMUNITY. WOMEN AND CHILDREN ENTERING THE DRAKE HOUSE ARE OFFERED A VARIETY OF SUPPORT SERVICES TO EMPOWER AND EDUCATE THEM AND MOVE THEM TOWARDS SELF-SUFFICIENCY. RESIDENTS PARTICIPATE IN A GOAL SETTING PROCESS AND AN EMPOWERMENT PLAN. INITIAL GOALS INCLUDE ADDRESSING MEDICAL NEEDS OF THE MOTHER AND THE CHILDREN, AND THE EDUCATIONAL NEEDS OF THE CHILDREN. ONSITE LIFE SKILLS CLASSES ARE CONDUCTED EVERY WEEK ON TOPICS SUCH AS JOB READINESS, PERSONAL FINANCES, PARENTING SKILLS, AND HEALTH AND WELLNESS. AN ADVOCACY PROGRAM PROVIDES ENCOURAGEMENT, MOTIVATION, AND SUPPORT DURING THE FAMILY'S STAY. THE GOAL OF THE DRAKE HOUSE, INC. IS TO CREATE AN ENVIRONMENT THAT ALLOWS HOMELESS FAMILIES TO BE INCLUDED IN NORTH FULTON COMMUNITY LIFE, ENJOY A STABILIZED, IMPROVED QUALITY OF LIFE, MAKE INCREASINGLY RESPONSIBLE CHOICES, EXERT GREATER CONTROL OVER THEIR LIFE COMPETENCIES, DEVELOP AND EXERCISE THEIR COMPETENCIES AND TALENTS, AND EXPERIENCE PERSONAL SECURITY AND SELF-RESPECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nesha Mason Executive Di | Officer | 40 | $99,833 |
Sherry Abney Board Member | Trustee | 1 | $0 |
Jason Binder Board Member | Trustee | 1 | $0 |
Meg Chapman Board Member | Trustee | 1 | $0 |
Charles Curtis Board Member | Trustee | 1 | $0 |
Jayne Dicus Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $512,057 |
| Related organizations | $0 |
| Government grants | $175,944 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,410,959 |
| Noncash contributions included in lines 1a–1f | $325,118 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,098,960 |
| Total Program Service Revenue | $134,432 |
| Investment income | $2,135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,173 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,503,527 |
| 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. | $99,833 |
| Compensation of current officers, directors, key employees. | $24,958 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $845,087 |
| Pension plan accruals and contributions | $38,638 |
| Other employee benefits | $56,496 |
| Payroll taxes | $74,924 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,770 |
| Advertising and promotion | $11,920 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $141,781 |
| Travel | $1,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $196,915 |
| Insurance | $35,356 |
| All other expenses | $115,818 |
| Total functional expenses | $2,085,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,650 |
| Savings and temporary cash investments | $1,410,810 |
| Pledges and grants receivable | $4,558 |
| 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 | $76,966 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,733,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,445 |
| Total assets | $5,629,705 |
| Accounts payable and accrued expenses | $23,810 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,505 |
| Total liabilities | $62,315 |
| Net assets without donor restrictions | $5,352,730 |
| Net assets with donor restrictions | $214,660 |
| 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 | $5,629,705 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that Drake House Inc has recieved totaling $566,633.
| Awarding Organization | Amount |
|---|---|
Homeaid Atlanta Inc Atlanta, GA PURPOSE: EMERGENCY HOUSING | $271,231 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $34,120 |
Stockel Family Foundation Santa Monica, CA PURPOSE: AFTER-SCHOOL PROGRAM AND MATERNAL EDUCATION | $33,200 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $30,249 |
Columbus Foundation Columbus, OH PURPOSE: SOCIAL SERVICES | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $25,225 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Rescur Mission Broward Outreach Centers Inc Miami, FL | $28,818,894 | $17,146,687 |
Nashville Rescue Mission Nashville, TN | $37,816,884 | $20,187,859 |
Lords Place Inc West Palm Beach, FL | $31,681,290 | $13,733,660 |
St Matthews House Inc Naples, FL | $47,342,847 | $18,573,834 |
Broward Partnership For The Homeless Inc Fort Lauderdale, FL | $11,825,164 | $15,103,298 |
Sundari Foundation Inc Miami Beach, FL | $10,261,561 | $14,225,346 |
Eastern Carolina Homelessness Organization Inc Myrtle Beach, SC | $3,922,932 | $13,355,938 |
One-Eighty Place Charleston, SC | $19,059,150 | $17,424,004 |
Waterfront Rescue Mission Inc Pensacola, FL | $22,275,311 | $19,399,994 |
The Next Door Nashville, TN | $9,790,699 | $10,091,124 |
Downtown Rescue Mission Inc Huntsville, AL | $14,737,773 | $10,441,439 |
24 7 Gateway Llc Atlanta, GA | $7,682,013 | $8,328,341 |