Project Beginnings I Inc
- Assets
- $729.3k
- Revenue
- $138.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 20-4580301
Organization Overview
Project Beginnings I Inc is located in Akron, OH. The organization was established in 2007. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is the central organization for a national or regional group of organizations. Project Beginnings I 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 12/2021, Project Beginnings I Inc generated $138.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $124.3k during the year ending 12/2021. While expenses have increased by 2.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING FACILITIES FOR ELDERLY, DISABLED, HANDICAPPED AND MENTALLY ILL PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ELDERLY, DISABLED, HANDICAPPED AND MENTALLY ILL PERSONS HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULLNESS IN LONGER LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Jones President | OfficerTrustee | 0 | $0 |
Mike Bullock Secretary | OfficerTrustee | 0 | $0 |
Cynthia Duckworth Trustee | Trustee | 0 | $0 |
Sara Coberly Trustee | Trustee | 0 | $0 |
Natalie Grier Vice President | Trustee | 0 | $0 |
Janelle Rosa Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $106,788 |
| 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 | $106,788 |
| Total Program Service Revenue | $31,484 |
| Investment income | $0 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,272 |
| 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 | $28,563 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,678 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $0 |
| 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 | $21,604 |
| Insurance | $3,703 |
| All other expenses | $0 |
| Total functional expenses | $124,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,541 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $233 |
| 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 | $667,959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,517 |
| Total assets | $729,250 |
| Accounts payable and accrued expenses | $17,311 |
| 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 | $781,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500 |
| Total liabilities | $799,411 |
| Net assets without donor restrictions | -$70,161 |
| 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 | $729,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Project Beginnings I Inc has recieved totaling $600.
| Awarding Organization | Amount |
|---|---|
WITAN Corp Fairlawn, OH PURPOSE: Provide housing and services | $600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Church Residences Columbus, OH | $160,821,916 | $104,850,885 |
Capital Area Housing Partnership Lansing, MI | $4,892,725 | $36,115,951 |
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Community Housing Network Inc Columbus, OH | $58,364,637 | $14,874,820 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Iccf Community Home Grand Rapids, MI | $56,991,774 | $12,188,676 |
Over The Rhine Community Housing Cincinnati, OH | $24,358,276 | $7,722,304 |
Norris Square Community Alliance Philadelphia, PA | $13,759,138 | $8,779,038 |
Hudsonville Christian School Hudsonville, MI | $18,424,541 | $13,917,128 |
Society Of St Vincent Depaul Council Of Louisville Louisville, KY | $10,950,346 | $7,888,364 |
Socayr Inc Louisville, KY | $34,945,508 | $6,749,829 |
Lacasa Of Goshen Inc Goshen, IN | $26,643,418 | $6,732,087 |