Restoration Ministries Inc
- Assets
- $4.8m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 80
- Location
- Harvey, IL
- Founding
- 03/1989
- Data as of
- 12/2022
- EIN
- 36-3552070
Organization Overview
Restoration Ministries Inc is located in Harvey, IL. The organization was established in 1989. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Restoration Ministries Inc employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restoration Ministries 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 12/2022, Restoration Ministries Inc generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $7.6m during the year ending 12/2022. While expenses have increased by 16.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RESTORE HOPE TO PEOPLE WHILE BRINGING LASTING CHANGE TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD PANTRY AND OTHER PROGRAMS
YOUTH PROGRAMSIN 2022, MORE THAN 750 AT-RISK, UNDERSERVED AND DISADVANTAGED CHILDREN AND TEENS PARTICIPATED IN A PROJECT INTERCEPT PROGRAM OR ACTIVITY. THESE PROGRAMS INCLUDE HOMEWORK HELP & TUTORING, HARVEY BOXING CLUB, SULIIVAN ARTS EDUCATION CENTER, SUMMER ACADEMIC ENRICHMENT DAY CAMP, AND KIDS CAFE, AFTER-SCHOOL MEAL PROGRAM AND SUMMER MEALS. PROGRAMS MEET MONDAY - FRIDAY. THESE PROGRAMS HELP YOUTH IMPROVE ACADEMICALLY, INCREASE THEIR READING AND MATH SKILLS, IDENTIFY TALENTS AND AVOID DESTRUCTIVE BEHAVIORS.
THRIFT STORE OPERATIONSOUR TWO THRIFT STORES PROVIDE JOB TRAINING AND EMPLOYMENT TO RESIDENTS OF OUR RESIDENTIAL RECOVERY PROGRAMS, HARVEY HOUSE AND TABITHA HOUSE, AND COMMUNITY MEMBERS WITH LIMITED WORK SKILLS AND EXPERIENCE. THE STORES ALSO PROVIDE OUR COMMUNTY MEMBERS WITH ACCESS TO QUALITY FURNITURE, CLOTHING, APPLIANCES AND JOBS.
HARVEY HOUSE/TABITHA HOUSETHIS IS A FREE CHRISTIAN-BASED RESIDENTIAL PROGRAM FOR MEN AND WOMEN WITH HISTORIES OF DRUG ADDICTIONS AND CRIMINAL BACKGROUNDS. DURING THIS FREE 18-MONTH PROGRAM, RESIDENTS LEARN NEW LIFE SKILLS, REBUILD BROKEN RELATIONSHIPS AND OBTAIN JOB TRAINING. HARVEY HOUSE HAS CAPACITY FOR 40 PARTICIPANTS. IN 2022, TEN MEN SUCCESSFULLY COMPLETED THE HARVEY HOUSE PROGRAM AND GRADUATED. ALL FOUR MEN ARE SOBER, EMPLOYED AND PRODUCTIVE CITIZENS. TABITHA HOUSE IS AN 18-MONTH FREE CHRISTIAN-BASED RESIDENTIAL RECOVERY PROGRAM FOR WOMEN WITH HISTORIES OF ADDICTION AND CRIMINAL BACKGROUNDS. WHILE IN THE PROGRAM, RESIDENTS LEARN NEW LIFE SKILLS, REBUILD BROKEN RELATIONSHIPS, COMPLETE THEIR EDUCATION AND OBTAIN JOB TRAINING AND EMPLOYMENT. TABITHA HOUSE HAS CAPACITY FOR 12 WOMEN. IN 2022, TWO WOMEN GRADUATED FROM THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Colosimo Chairman | OfficerTrustee | 1 | $0 |
Daniel Pender President | OfficerTrustee | 1 | $0 |
Claire Johnson Secretary | OfficerTrustee | 1 | $0 |
James Oberman Treasurer | OfficerTrustee | 1 | $0 |
Renee Arnold Director | Trustee | 1 | $0 |
Ray Banks Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,000 |
| Membership dues | $0 |
| Fundraising events | $261,094 |
| Related organizations | $0 |
| Government grants | $122,187 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,793,079 |
| Noncash contributions included in lines 1a–1f | $5,728,648 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,201,360 |
| Total Program Service Revenue | $47,900 |
| Investment income | $84 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$25,533 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,211,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,208,329 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $252,648 |
| Compensation of current officers, directors, key employees. | $50,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,698,858 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $139,720 |
| Payroll taxes | $139,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $728 |
| Fees for services: Accounting | $32,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,812 |
| Office expenses | $169,841 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $214,801 |
| Travel | $182,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,124 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $268,024 |
| Insurance | $39,901 |
| All other expenses | $0 |
| Total functional expenses | $7,560,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,321 |
| Savings and temporary cash investments | $82,279 |
| Pledges and grants receivable | $156,617 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,491 |
| Prepaid expenses and deferred charges | $23,482 |
| Net Land, buildings, and equipment | $4,213,904 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $106,698 |
| Other assets | $0 |
| Total assets | $4,782,792 |
| Accounts payable and accrued expenses | $161,468 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $174 |
| 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 | $76,044 |
| Total liabilities | $237,686 |
| Net assets without donor restrictions | $4,545,106 |
| 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 | $4,782,792 |