Durham Home Inc
- Assets
- $2.5m
- Revenue
- $635.6k
- Investments
- $306.6k
- Employees
- 0
- Location
- Crawfordsville, IN
- Founding
- 05/1945
- Data as of
- 12/2023
- EIN
- 35-0951864
Organization Overview
Durham Home Inc is located in Crawfordsville, IN. The organization was established in 1945. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Durham Home 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, Durham Home Inc generated $635.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $643.3k during the year ending 12/2023. While expenses have increased by 7.5% per year over the past 5 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.
Since 2020, Durham Home Inc has awarded 35 individual grants totaling $126,525. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COMPLETE CARE FOR AGED WOMEN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Cunningham President/tr | 3 | $10,000 | |
Chet Parsons Secretary | 3 | $10,000 | |
Sue Lusk Vice Preside | 3 | $10,000 | |
Adam Moody Board Member | 3 | $10,000 | |
Chuck Phillips Board Member | 1 | $10,000 | |
Lucia K Moody Director | 40 | $53,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $580,427 |
| Interest on Savings | $14,101 |
| Dividends & Interest | $8,350 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$976 |
| Capital Gain Net Income | $88 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,718 |
| Total Revenue | $635,620 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $138,366 |
| Other employee salaries and wages | $154,001 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,682 |
| Depreciation | $37,987 |
| Occupancy | $2,100 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $208,841 |
| Total operating and administrative expenses | $573,815 |
| Contributions, gifts, grants paid | $69,475 |
| Total expenses and disbursements | $643,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $831,498 |
| Savings and temporary cash investments | $542,008 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $795,527 |
| Other assets | $0 |
| Total assets | $2,475,593 |
| Accounts payable and accrued expenses | $2,737 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,225 |
| Total liabilities | $4,962 |
Grants Awarded
Over the last fiscal year, Durham Home Inc has awarded $69,475 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
I CAN BE AN ENGINEER INC PURPOSE: ENCOURAGE YOUTH TO EXPLORE THE FIELD | $2,000 |
MONTGOMERY COUNTY COMMUNI PURPOSE: SCHOLARSHIP SCHOLARSHIPS | $55,300 |
FRANCISCAN HEALTH FOUNDAT PURPOSE: COMMUNITY BABY SHOWER WHICH PROVIDES | $2,000 |
CRAWFORDSVILLE MAIN ST PURPOSE: PROMOTING WOMEN HEALTH IN COMMUNITY | $500 |
IUPUI PURPOSE: SCHOLARSHIP | $2,500 |
PURDUE UNIVERSITY PURPOSE: SCHOLARSHIP | $2,500 |