Recovery Network Foundation Inc
- Assets
- $268.1k
- Revenue
- $410.0k
- Investments
- $0.0
- Employees
- 39
- Location
- Baltimore, MD
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 31-1803301
Organization Overview
Recovery Network Foundation Inc is located in Baltimore, MD. The organization was established in 2002. As of 12/2021, Recovery Network Foundation Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Recovery Network Foundation 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, Recovery Network Foundation Inc generated $410.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $423.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.7%) per year over the past 7 years. 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 TRANSITIONAL HOUSING SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP TRANSITIONAL HOUSING FACILITIES; PROVIDE OUTREACH SERVICES TO THE COMMUNITY; PROVIDE MENTAL HEALTH AND SUBSTANCE ABUSE COUNSELING SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clark Hudak President/treasurer | Trustee | 10 | $0 |
Michelle Brethauer Vice President | Trustee | 10 | $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 | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100 |
| Total Program Service Revenue | $404,800 |
| 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 | $409,991 |
| 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 | $301,838 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,168 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,694 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $423,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,165 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $103,611 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $129,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,483 |
| Total assets | $268,059 |
| 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 | $6,130 |
| Total liabilities | $6,130 |
| Net assets without donor restrictions | $261,929 |
| 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 | $268,059 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Daymark Inc Charleston, WV | $2,426,330 | $2,970,783 |
Alternative Living Solutions Latrobe, PA | $1,902,158 | $1,908,295 |
Genesis Of Pittsburgh Inc Pittsburgh, PA | $2,016,880 | $991,374 |
Recovery Network Foundation Inc Baltimore, MD | $268,059 | $409,991 |
Light Of Truth Center Inc Windsor Mill, MD | $733,661 | $390,195 |
Square One De Inc Laurel, DE | $382,705 | $0 |
Synchronicity Recovery Foundation Ltd Riegelsville, PA | $94,462 | $0 |
Jerusalem House Ministries Allentown, PA | $220,414 | $0 |
Susquehanna Recovery Initiative Inc Harrisburg, PA | $387,237 | $0 |
Foundation For Residential And Rehab Services For Offenders Inc Washington, DC | $2,498,557 | $146,245 |
Foundry Dh Altoona, PA | $205,608 | $0 |
Entrusted Connections Life House One Inc Woodbridge, VA | $74,817 | $0 |