Home Repair Services Of Kent County Inc
- Assets
- $2.7m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 33
- Location
- Grand Rapids, MI
- Founding
- 11/1979
- Data as of
- 06/2022
- EIN
- 38-2263817
Organization Overview
Home Repair Services Of Kent County Inc is located in Grand Rapids, MI. The organization was established in 1979. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Home Repair Services Of Kent County Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Repair Services Of Kent County 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 06/2022, Home Repair Services Of Kent County Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 3.4% 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
HOME REPAIR SERVICES, A NON-PROFIT ORGANIZATION, STRENGTHENS HOMEOWNERS THROUGH MAKING CRITICAL REPAIRS, SKILL-BUILDING WORKSHOPS, REMODELING COACHING, HOME INSPECTIONS, AND FINANCIAL AND FORECLOSURE COUNSELING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPAIR AND ACCESSIBILITY - THE HOME REPAIR SERVICES REPAIR TEAM COMPLETED 1525 HEALTH AND SAFETY REPAIRS FOR VULNERABLE KENT COUNTY HOMEOWNERS. REPAIRS INCLUDED: 292 FURNACE REPAIR/REPLACEMENTS, 171 ROOF REPAIRS, 106 WATER HEATERS, 67 NEW TOILETS INSTALLED, 460 PLUMBING CALLS, & 94 ELECTRICAL CALLS. THE TEAM ALSO CONSTRUCTED 29 WHEELCHAIR ACCESS RAMPS AND MODIFIED 32 BATHROOMS FOR HOMEOWNERS WITH REDUCED MOBILITY DUE TO PHYSICAL DISABILITIES.
SELF-HELP HOME IMPROVEMENTS - WITH THE GOAL OF STIMULATING SELF-DIRECTED HOME IMPROVEMENTS AND REPAIRS, HOME REPAIR SERVICES' INSTRUCTORS TAUGHT 84 HOME MAINTENANCE WORKSHOPS TO 1122 STUDENTS. THE HANDS-ON REPAIR WORKSHOPS EQUIPPED HOMEOWNERS TO COMPLETE DO-IT-YOURSELF PROJECTS IN THEIR HOMES. A TOTAL OF 29 HOMEOWNERS SUCCESSFULLY COMPLETED A DIY REMODEL OF THEIR KITCHEN THROUGH THE SUPPORT OF THE HOME REPAIR SERVICES' REMODELING TOGETHER PROGRAM. A TOTAL OF 28 FREE HOME INSPECTIONS AND ASSESSMENT REPORTS WERE COMPLETED.
HOUSING COUNSELING & EDUCATION - THE PRIMARY FOCUS OF THIS PROGRAM CONTINUES TO BE FORECLOSURE PREVENTION, BUT FINANCIAL LITERACY WORKSHOPS CONTINUE TO GROW AS WELL. FINANCIAL COACHES CONDUCTED 28 ONE-ON-ONE COACHING SESSIONS WHICH RESULTED IN 25 HOUSEHOLDS BEING SPARED FROM A DEVASTATING FORECLOSURE. THE FINANCIAL LITERACY WORKSHOPS' TOPICS INCLUDED: DEBT REDUCTION, SPENDING PLAN, CONSUMER PROTECTION, IMPROVING CREDIT, UNDERSTANDING INSURANCE, AVOIDING SCAMS, REVERSE MORTGAGES, AVOIDING IDENTITY THEFT, AND COST REALITIES OF AGING IN PLACE. TOTAL ATTENDANCE FOR THE YEAR WAS 381 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allyson Terpsma Chair | OfficerTrustee | 1 | $0 |
Adam Homan Vice Chair | OfficerTrustee | 1 | $0 |
Laura Kelso Secretary | OfficerTrustee | 1 | $0 |
Dana O'laughlin Treasurer | OfficerTrustee | 1 | $0 |
Jim Compere Director | Trustee | 1 | $0 |
Ruben Ramos Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $547 |
| Membership dues | $0 |
| Fundraising events | $44,110 |
| Related organizations | $0 |
| Government grants | $1,180,402 |
| All other contributions, gifts, grants, and similar amounts not included above | $888,590 |
| Noncash contributions included in lines 1a–1f | $63,285 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,113,649 |
| Total Program Service Revenue | $1,389,465 |
| Investment income | $22,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,381 |
| Net Gain/Loss on Asset Sales | $41,078 |
| Net Income from Fundraising Events | -$17,234 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,569,625 |
| 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. | $105,694 |
| Compensation of current officers, directors, key employees. | $62,359 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,082,018 |
| Pension plan accruals and contributions | $23,167 |
| Other employee benefits | $173,558 |
| Payroll taxes | $88,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,143 |
| Fees for services: Other | $1,374,856 |
| Advertising and promotion | $7,924 |
| Office expenses | $108,855 |
| Information technology | $17,327 |
| Royalties | $0 |
| Occupancy | $63,645 |
| Travel | $42,269 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,506 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,625 |
| Insurance | $54,383 |
| All other expenses | $357,786 |
| Total functional expenses | $3,619,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,743 |
| Savings and temporary cash investments | $57,992 |
| Pledges and grants receivable | $344,157 |
| Accounts receivable, net | $229,725 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $201,587 |
| Prepaid expenses and deferred charges | $7,756 |
| Net Land, buildings, and equipment | $868,830 |
| Investments—publicly traded securities | $595,462 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $166,192 |
| Total assets | $2,680,444 |
| Accounts payable and accrued expenses | $259,060 |
| Grants payable | $0 |
| Deferred revenue | $12,852 |
| 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 | $0 |
| Total liabilities | $271,912 |
| Net assets without donor restrictions | $1,861,662 |
| Net assets with donor restrictions | $546,870 |
| 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 | $2,680,444 |