Seeds Of Faith Inc
- Assets
- $1.3m
- Revenue
- $466.5k
- Investments
- $0.0
- Employees
- 18
- Location
- Somersworth, NH
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 26-1306172
Organization Overview
Seeds Of Faith Inc is located in Somersworth, NH. The organization was established in 2008. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2023, Seeds Of Faith Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seeds Of Faith 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 12/2023, Seeds Of Faith Inc generated $466.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $602.9k during the year ending 12/2023. 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
TO HELP PROVIDE RELIEF TO THE POOR, DISTRESSED AND UNDERPRIVILEDGED. TO HELP AND NUTURE THOSE IN NEED. TO FEED THE HUNGRY. TO GIVE HOPE TO THE HOPELESS. TO MAKE A DIFFERENCE ONE LIFE AT A TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP PROVIDE RELIEF TO THE POOR, DISTRESSED AND UNDERPRIVILEDGED. TO HELP AND NUTURE THOSE IN NEED. TO FEED THE HUNGRY. TO GIVE HOPE TO THE HOPELESS. TO MAKE A DIFFERENCE ONE LIFE AT A TIME.
TO HELP PROVIDE RELIEF TO THE POOR, DISTRESSED AND UNDERPRIVILEDGED. TO HELP AND NUTURE THOSE IN NEED. TO FEED THE HUNGRY. TO GIVE HOPE TO THE HOPELESS. TO MAKE A DIFFERENCE ONE LIFE AT A TIME.
LYDIA'S HOUSE OF HOPE IS A 365-DAY, 12-BEDROOM RESIDENTIAL PROGRAM THAT SERVES WOMEN AND THEIR CHILDREN. AT LYDIA'S, THE ORGANIZATION'S AIM IS TO EMPOWER FAMILIES TO OVERCOME BARRIERS SUCH AS HOMELESSNESS, ADDICTION, DOMESTIC VIOLENCE, AND TRANSFORM THEIR LIVES INTO A HEALTHY, SAFE, SELF- SUSTAINING MODEL. THE PROGRAM CONSISTS OF 4 PHASES THAT THE WOMEN MOVE THROUGH AS THEY GAIN CONFIDENCE AND AN UNDERSTANDING OF THEIR POTENTIAL. THE WOMEN ARE PROVIDED WITH CLASSES AND TRAINING ON TOPICS SUCH AS PARENTING, TRAUMA INFORMED COPING SKILLS, ADDICTION, COOKING, RESUME WRITING, FINANCIAL LITERACY, TIME MANAGEMENT, ORGANIZATION AND BASIC ACADEMICS.
GRACE HOUSE IS PHASE 5 OF THE ORGANIZATION'S PROGRAM. IT IS A THREE- APARTMENT HOME WHERE RESIDENTS CAN PRACTICE THEIR SEMI-INDEPENDENT LIVING SKILLS ONCE THEY HAVE FINISHED THE 4 PHASES OF LYDIA'S. THE RESIDENTS AT GRACE HOUSE CONTINUE TO HAVE ACCESS TO AND MEETINGS WITH THEIR ASSIGNED CASE MANAGER. TOGETHER THEY WORK ON THE CONTINUATION OF THE SKILLS PREVIOUSLY LEARNED, AND CREATE A SUPPORTIVE AND STRUCTURED PLAN FOR CONTINUED SUCCESS AND FUTURE GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Tozier Executive Di | OfficerTrustee | 40 | $53,825 |
Amanda Chappell Secretary | Trustee | 1 | $0 |
Scott Ferreira Trustee/dire | Trustee | 1 | $0 |
David Tozier Director | Trustee | 1 | $0 |
Ramona Valdez President/tr | Trustee | 1.5 | $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 | $372,186 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $372,186 |
| Total Program Service Revenue | $74,733 |
| Investment income | $220 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,550 |
| Net Income from Fundraising Events | $14,114 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $466,526 |
| 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. | $53,825 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $276,485 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57 |
| Fees for services: Accounting | $4,900 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,075 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,078 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,080 |
| Insurance | $0 |
| All other expenses | $71,911 |
| Total functional expenses | $602,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,171 |
| Savings and temporary cash investments | $401,142 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,271 |
| 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 | $851,474 |
| Investments—publicly traded securities | $5,811 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,862 |
| Other assets | $2,004 |
| Total assets | $1,312,735 |
| 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 | $205,214 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,288 |
| Total liabilities | $219,502 |
| Net assets without donor restrictions | $1,089,609 |
| Net assets with donor restrictions | $3,624 |
| 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 | $1,312,735 |