Davids House Inc
- Assets
- $13.0m
- Revenue
- $1.4m
- Investments
- $515.3k
- Employees
- 8
- Location
- Lebanon, NH
- Founding
- 04/1985
- Data as of
- 06/2022
- EIN
- 22-2593431
Organization Overview
Davids House Inc is located in Lebanon, NH. The organization was established in 1985. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Davids House Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davids 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, Davids House Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 1.4% 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
DAVID'S HOUSE PROVIDES A HOME AWAY FROM HOME ENVIRONMENT FOR FAMILIES OF SICK OR INJURED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAVID'S HOUSE OPENED IN 1986 IN MEMORY OF DAVID CYR, WHO PASSED AWAY FROM LEUKEMIA AT AGE FIVE. WE PROVIDE A HOME-AWAY-FROM-HOME AND SUPPORT FOR UP TO 20 FAMILIES AT ONE TIME WITH CHILDREN RECEIVING TREATMENT AT CHILDREN'S HOSPITAL AT DARTMOUTH-HITCHCOCK MEDICAL CENTER (CHAD) IN LEBANON, NH. CHAD IS NEW HAMPSHIRE'S ONLY COMPREHENSIVE, FULL-SERVICE CHILDREN'S HOSPITAL, AND DAVID'S HOUSE IS THE ONLY HOSPITALITY HOUSE IN THE STATE SERVING THE NEEDS OF FAMILIES WITH CHILDREN BEING TREATED THERE. SINCE OPENING, WE HAVE PROVIDED OVERNIGHT ACCOMMODATIONS FOR 16,208 FAMILIES FROM 42 STATES, 2 US TERRITORIES, AND 29 COUNTRIES. THOUSANDS MORE HAVE UTILIZED THE HOUSE ON A DAY GUEST BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaye Olmstead Executive Director | Officer | 40 | $104,033 |
Don Dutton Director Of Finance & Admi | Officer | 40 | $82,502 |
Astrid Bradish-Hoyt Secretary | OfficerTrustee | 1 | $0 |
Jennifer Riccio President | OfficerTrustee | 1 | $0 |
Jessie Farnham Vice President | OfficerTrustee | 1 | $0 |
Jennifer Buckey Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $70,877 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $476,093 |
| Noncash contributions included in lines 1a–1f | $4,264 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $546,970 |
| Total Program Service Revenue | $0 |
| Investment income | $222,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $630,946 |
| Net Income from Fundraising Events | $18,870 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,419,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,864 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $251,518 |
| Compensation of current officers, directors, key employees. | $179,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $225,350 |
| Pension plan accruals and contributions | $8,639 |
| Other employee benefits | $40,217 |
| Payroll taxes | $31,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $847 |
| Fees for services: Accounting | $17,486 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,498 |
| Fees for services: Other | $2,937 |
| Advertising and promotion | $0 |
| Office expenses | $25,696 |
| Information technology | $21,313 |
| Royalties | $0 |
| Occupancy | $131,008 |
| 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 | $129,617 |
| Insurance | $19,707 |
| All other expenses | $18,183 |
| Total functional expenses | $1,004,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,477 |
| Pledges and grants receivable | $6,482 |
| 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 | $793 |
| Prepaid expenses and deferred charges | $27,871 |
| Net Land, buildings, and equipment | $1,735,426 |
| Investments—publicly traded securities | $10,736,012 |
| Investments—other securities | $515,346 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,042,407 |
| Accounts payable and accrued expenses | $55,995 |
| Grants payable | $0 |
| Deferred revenue | $9,700 |
| 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 | $0 |
| Total liabilities | $65,695 |
| Net assets without donor restrictions | $12,812,926 |
| Net assets with donor restrictions | $163,786 |
| 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 | $13,042,407 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Davids House Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Foss Family Foundation Concord, NH PURPOSE: GENERAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $192,362 |
| Earnings | -$21,576 |
| Other Expense | $7,000 |
| Ending Balance | $163,786 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Hospital Cottages For Children Southborough, MA | $6,634,641 | $8,685,651 |
Make-A-Wish Foundation Of Massachusetts And Rhode Island Inc Boston, MA | $19,449,971 | $5,852,582 |
Make-A-Wish Foundation Of Maine Scarborough, ME | $4,242,812 | $1,972,529 |
Ronald Mcdonald House Charities Inc Portland, ME | $9,514,278 | $1,389,092 |
Davids House Inc Lebanon, NH | $13,042,407 | $1,419,723 |
The Courageous Parents Network Inc Newton, MA | $1,218,485 | $796,777 |
Ronald Mcdonald House Charities Of Burlington Vt Inc Burlington, VT | $8,652,559 | $3,447,110 |
R O F E H Inc Brookline, MA | $610,887 | $453,057 |
One Summit Inc North Andover, MA | $548,004 | $537,081 |
All Out Adventures Inc Northampton, MA | $267,793 | $365,853 |
Li Fraumeni Syndrome Association Holliston, MA | $381,148 | $0 |
Friends Of Jack Foundation Inc Mattapoisett, MA | $290,866 | $285,300 |