Anchor House Inc Of Polk County
- Assets
- $2.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 59
- Location
- Auburndale, FL
- Founding
- 08/1974
- Data as of
- 03/2023
- EIN
- 23-7244302
Organization Overview
Anchor House Inc Of Polk County, operating under the name Anchor House Ministries, is located in Auburndale, FL. The organization was established in 1974. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 03/2023, Anchor House Ministries employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchor House Ministries 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 03/2023, Anchor House Ministries generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $1.5m during the year ending 03/2023. While expenses have increased by 6.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RESIDENTIAL CARE FOR BOYS FROM FAMILIES WITH SOCIAL PROBLEM ISSUES AND TRANSITION HOUSING FOR YOUNG MEN AND WOMEN AGING OUT OF FOSTER CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANCHOR HOUSE MINISTRIES HOUSES UP TO 30 BOYS AGES 10-18. THE 10 ACRE CAMPUS PROVIDES A SAFE SETTING FOR THEIR DEVELOPMENT. EDUCATION PLANS ARE INDIVIDUALIZED TO ALLOW FOR EACH CHILD TO REACH HIS BEST POSSIBLE POTENTIAL. ANCHOR HOUSE ENDEAVORS TO ALLOW EACH YOUNG MAN TO MANAGE HIS OWN BEHAVIOR, MAKE SOUND LIFE CHOICES AND MAKE POSITIVE DECISIONS IN AN EFFORT TO RETURN TO HIS OWN FAMILY SETTING OR ON TO INDEPENDENT LIVING.BARNABAS HOUSES PROVIDE THE BOYS, WHEN THEY REACH AGE 18, A TRANSITIONAL PLACE TO LIVE AS THEY PREPARE FOR LIVING ON THEIR OWN. CATHERINE HOUSE PROVIDES THE SAME SERVICE TO GIRLS WHO REACH 18 AND COME OUT OF THE FOSTER SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Davis Executive Director | 40 | $87,275 | |
Sharon Hughey Director | Trustee | 1 | $0 |
Jeff Spear Director | Trustee | 1 | $0 |
James Kellard Director | Trustee | 1 | $0 |
Jose Concepcion Director | Trustee | 1 | $0 |
Tonya Akwetey Director | Trustee | 1 | $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 | $889,886 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $889,886 |
| Total Program Service Revenue | $1,101,329 |
| Investment income | $3,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,180 |
| Net Income from Fundraising Events | $33,079 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,029,035 |
| 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. | $89,083 |
| Compensation of current officers, directors, key employees. | $15,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $880,346 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,375 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,045 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $25,316 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $275 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,460 |
| Insurance | $49,772 |
| All other expenses | $232,739 |
| Total functional expenses | $1,458,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,346 |
| Savings and temporary cash investments | $258,100 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,284 |
| 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 | $3,372 |
| Net Land, buildings, and equipment | $1,301,258 |
| Investments—publicly traded securities | $74,417 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,906 |
| Total assets | $2,018,683 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,010,192 |
| Net assets with donor restrictions | $8,491 |
| 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 | $2,018,683 |