Reach Inc
- Assets
- $135.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 27-5065466
Organization Overview
Reach Inc is located in Roanoke, VA. The organization was established in 2011. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach 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, Reach Inc generated $99.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $132.8k during the year ending 12/2021. While expenses have increased by 3.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SUMMER CAMP PROGRAMS THAT WORK TO HELP REAL ESTATE PROJECTSIN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Stephens Executive Director | 40 | $33,333 | |
John Budd Treasurer | 5 | $0 | |
Stephen Kennedy Chariman | 5 | $0 | |
Bob Clement Director | 5 | $0 | |
Cindy Meyer Director | 5 | $0 | |
Luke Young Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,604 |
| Total Program Service Revenue | $47,759 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $99,363 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $112,318 |
| Professional fees and other payments to independent contractors | $1,606 |
| Occupancy, rent, utilities, and maintenance | $1,467 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,428 |
| Total expenses | $132,819 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,148 |
| Other assets | $0 |
| Total assets | $135,746 |
| Total liabilities | $60,334 |
| Net assets or fund balances | $75,412 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Reach Inc has recieved totaling $25,008.
| Awarding Organization | Amount |
|---|---|
Diane & Norman Bernstein Foundation Washington, DC PURPOSE: CHARITABLE | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $8 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Collaborative Charlotte, NC | $3,657,105 | $83,275,604 |
Housing Counseling Services Inc Washington, DC | $4,430,833 | $16,498,572 |
People Incorporated Housing Group Abingdon, VA | $23,796,045 | $13,192,041 |
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Manna Inc Washington, DC | $18,457,194 | $8,787,591 |
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
Housing Assistance Council Washington, DC | $50,242,099 | $11,554,116 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |
Echelon Housing Inc North Bethesda, MD | $23,861,150 | $4,416,757 |
Comprehensive Housing Assistance Inc Baltimore, MD | $35,424,449 | $4,587,920 |
Appalachian Foothills Housing Agency Incorporated Wurtland, KY | $1,707,535 | $4,881,556 |
Neighborhood Capital Corporation Silver Spring, MD | $106,804,353 | $10,287,510 |