Serenity Inns Inc
- Assets
- $1.3m
- Revenue
- $844.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Milwaukee, WI
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 41-2034019
Organization Overview
Serenity Inns Inc is located in Milwaukee, WI. The organization was established in 2004. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2022, Serenity Inns Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Serenity Inns 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, Serenity Inns Inc generated $844.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $787.4k during the year ending 12/2022. While expenses have increased by 14.6% per year over the past 8 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
HOUSING AND SUPPORTIVE SERVICES FOR PERSONS MOVING OUT OF ADDICTION AND HOMELESSNESS TO RECOVERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSITIONAL PROGRAM LEADERSHIP EDUCATION ACCEPTANCE PROGRAM (LEAP)LEAP HAS PROVED TO BE HIGHLY EFFECTIVE IN PREPARING INDIVIDUALS TO BE SUCCESSFUL RESIDENTS IN THE TRANSITIONAL LIVING PROGRAM (TLP). THE GOAL OF LEAP IS TO ASSIST THE INDIVIDUAL IN UNDERSTANDING HIMSELF AND HIS ADDICTION, IN LEARNING HOW TO DEAL WITH THAT ADDICTION, AND IN DEVELOPING A COMMITMENT TO RECOVERY.TRANSITIONAL LIVING PROGRAM (TLP)PHASE TWO IS THE 6-MONTH TLP WHICH PLACES SIGNIFICANT EMPHASIS ON ASSISTING RESIDENTS IN BECOMING BETTER MANAGERS OF THEIR FINANCIAL RESOURCES, LEARNING BASIC LIFE SKILLS AND HEALTHY WAYS TO LIVE AN INDEPENDENT LIFE IN RECOVERY.INDEPENDENT LIVING PROGRAM (ILP)RESIDENTS RECEIVE ASSISTANCE IN MAKING HEALTHY AND SAFE LIVING ARRANGEMENTS, INCLUDING FURNISHING THEIR APARTMENT ONCE THEY MOVE OUT. SERENITY INNS, INC. HAS ALWAYS PROVIDED FOLLOW-UP SERVICES TO GRADUATES OF THE PROGRAM.ALUMNI HOUSEA TREATMENT-SUPPORTED COMMUNITY, NOW MAKES AFFORDABLE HOUSING AVAILABLE TO MEN WHO HAVE GRADUATED FROM THE PROGRAM, HAVE SUSTAINABLE EMPLOYMENT, AND A SUPPORT NETWORK. THE MEN ARE TENANTS WHO SIGN A LEASE, PAY A SECURITY DEPOSIT, AND MONTHLY RENT. ALUMNI HOUSE IS DESIRABLE AND AFFORDABLE HOUSING FOR PERSONS WHO CHOOSE AND ARE COMMITTED TO DEVELOPING THEIR INDEPENDENT LIVING SKILLS. THE APARTMENTS ARE FOUNDED UPON THE BELIEF THAT DRUG AND ALCOHOL-FREE COMMUNITY-ORIENTED LIVING IS CRITICAL TO ONGOING MOVEMENT TOWARD WHOLENESS FOR THOSE WHO CHOOSE IT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorraine Buehler Secretary | OfficerTrustee | 1 | $0 |
Carla Stensberg Treasurer | OfficerTrustee | 1 | $0 |
Tom Dunst Chair | OfficerTrustee | 1 | $0 |
Kola Alayande Vice Chair | OfficerTrustee | 1 | $0 |
Ellen Luby Director | Trustee | 1 | $0 |
Ralph Mcclure Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,134 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $718,291 |
| Noncash contributions included in lines 1a–1f | $70,044 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $760,425 |
| Total Program Service Revenue | $1,202 |
| Investment income | $841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $98,723 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,407 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $844,813 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,157 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,292 |
| Compensation of current officers, directors, key employees. | $42,768 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,186 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,203 |
| Payroll taxes | $30,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,651 |
| Fees for services: Accounting | $8,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,535 |
| Advertising and promotion | $15,275 |
| Office expenses | $18,005 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,934 |
| Travel | $2,640 |
| 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 | $23,708 |
| Insurance | $10,839 |
| All other expenses | $7,371 |
| Total functional expenses | $787,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,336 |
| Savings and temporary cash investments | $709,663 |
| Pledges and grants receivable | $42,000 |
| Accounts receivable, net | $1,832 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $436,840 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,018 |
| Total assets | $1,253,689 |
| Accounts payable and accrued expenses | $32,429 |
| Grants payable | $0 |
| Deferred revenue | $120 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,575 |
| 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 | $4,675 |
| Total liabilities | $39,799 |
| Net assets without donor restrictions | $1,171,890 |
| Net assets with donor restrictions | $42,000 |
| 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 | $1,253,689 |