Tep Inc
- Assets
- $2.5m
- Revenue
- $400.5k
- Investments
- $0.0
- Employees
- 0
- Location
- St Augustine, FL
- Founding
- 09/2004
- Data as of
- 12/2021
- EIN
- 31-1762698
Organization Overview
Tep Inc is located in St Augustine, FL. The organization was established in 2004. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, 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. Tep Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2021, Tep Inc generated $400.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $123.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING FOR PURCHASE AND UPKEEP OF SOCIAL HALL FOR TRINITY EPISCOPAL CHURCH AND PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDING FOR UPKEEP OF SOCIAL HALL FOR TRINITY EPISCOPAL CHURCH AND PROPERTY OWNED BY TEP, INC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sammy Hale Property Manager | Officer | 5 | $27,107 |
Meredith Belger Accounting Manager | Officer | 3.5 | $12,000 |
Rev Matt Marino President | OfficerTrustee | 1 | $0 |
Bruce Belmont Secretary | OfficerTrustee | 1 | $0 |
Jon Warren VP And Treasurer | OfficerTrustee | 1 | $0 |
George Greer 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $400,479 |
| 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 | $400,479 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,966 |
| 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 | $17 |
| Information technology | $0 |
| 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 | $14,238 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,812 |
| Insurance | $14,492 |
| All other expenses | $0 |
| Total functional expenses | $123,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $508,692 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,354 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,270 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,988 |
| Net Land, buildings, and equipment | $1,960,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $2,528,664 |
| Accounts payable and accrued expenses | $3,952 |
| 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 | $1,156,622 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,194 |
| Total liabilities | $1,179,768 |
| Net assets without donor restrictions | $1,348,896 |
| 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 | $2,528,664 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Apartment Association Inc Atlanta, GA | $7,985,482 | $4,087,197 |
Southeastern Affordable Housing Management Association Inc Decatur, GA | $3,339,035 | $1,105,572 |
Georgia Affordable Housing Coalition Inc Atlanta, GA | $717,770 | $441,841 |
Common Ground Project Inc Melbourne, FL | $160,940 | $0 |
Tep Inc St Augustine, FL | $2,528,664 | $400,479 |
Streets Of Paradise Inc Sarasota, FL | $138,146 | $0 |
One Voice Shelter Coalition Opelika, AL | $422,070 | $0 |
National Association Of Manufactured Home Owners Jacksonville, FL | $62,158 | $39,240 |
Okefenokee Alliance For The Homeless Inc Waycross, GA | $41,122 | $0 |
Helping Others Needing Others Respect Services Youth Inc Cape Coral, FL | $187,000 | $0 |
Southernmost Homeless Assistance League Inc Key West, FL | $39,894 | $4,769 |
Game Changers Re-Entry Mentorship Program Marietta, GA | $0 | $0 |