Partners In Hope Inc
- Assets
- $10.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 199
- Location
- Loris, SC
- Founding
- 11/2010
- Data as of
- 12/2022
- EIN
- 27-1709631
Organization Overview
Partners In Hope Inc, operating under the name Oaks Of Loris & Inlet Oaks Assisted Living, is located in Loris, SC. The organization was established in 2010. 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. As of 12/2022, Oaks Of Loris & Inlet Oaks Assisted Living employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oaks Of Loris & Inlet Oaks Assisted Living 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 12/2022, Oaks Of Loris & Inlet Oaks Assisted Living generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.1% each year . All expenses for the organization totaled $3.8m during the year ending 12/2022. While expenses have increased by 15.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE TWO SIXTY BED ASSISTED LIVING FACILITIES FOR THE ELDERLY AND DISABLED
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE TWO SIXTY BED ASSISTED LIVING FACILITIES FOR THE ELDERLY AND DISABLED.
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Mclean Treasurer | Trustee | 2 | $0 |
Phillip Mclean Board Member | Trustee | 2 | $0 |
Nathel Moody Board Member | Trustee | 2 | $0 |
Donna Weiskircher Secretary | Trustee | 2 | $0 |
David Barilla President | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,733,048 |
| 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 | $2,733,048 |
| 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 | $1,350,694 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $196,920 |
| Payroll taxes | $164,334 |
| Fees for services: Management | $167,618 |
| Fees for services: Legal | $358 |
| Fees for services: Accounting | $22,359 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,036 |
| Advertising and promotion | $2,817 |
| Office expenses | $297,270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $319,502 |
| Travel | $6,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,698 |
| Interest | $607,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $515,107 |
| Insurance | $91,401 |
| All other expenses | $842 |
| Total functional expenses | $3,764,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $227,770 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,419 |
| Prepaid expenses and deferred charges | $26,640 |
| Net Land, buildings, and equipment | $9,836,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $167,867 |
| Other assets | $14,521 |
| Total assets | $10,284,075 |
| Accounts payable and accrued expenses | $318,502 |
| Grants payable | $0 |
| Deferred revenue | $98,796 |
| 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 | $14,833,763 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $119,395 |
| Total liabilities | $15,370,456 |
| Net assets without donor restrictions | -$5,086,381 |
| 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 | $10,284,075 |