The House Of Promise
- Assets
- $657.1k
- Revenue
- $584.0k
- Investments
- $5.0k
- Employees
- 19
- Location
- Lansing, MI
- Founding
- 07/2013
- Data as of
- 12/2022
- EIN
- 45-5272090
Organization Overview
The House Of Promise is located in Lansing, MI. The organization was established in 2013. As of 12/2022, House Of Promise employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. House Of Promise 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, House Of Promise generated $584.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.9% each year . All expenses for the organization totaled $479.0k during the year ending 12/2022. While expenses have increased by 30.6% 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
PROVIDE A SAFE HAVEN FOR GIRLS WHO HAVE BEEN VICTIMS OF TRAFFICKING OR SEXUAL ABUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A SAFE HAVEN FOR GIRLS FROM 12-25 YEARS OLD WHO HAVE BEEN VICTIMS OF TRAFFICKING OR SEXUAL ABUSE.
RAISING AWARENESS OF SEXUAL ABUSE AND HUMAN TRAFFICKING THROUGH EVENTS AND ONLINE RESOURCES.
BLOOM SHOPPE: INITIATIVE ESTABLISHED TO PROVIDE SAFE AND SUPPORTED PROFESSIONAL DEVELOPMENT AND GATEWAY EMPLOYMENT OPPORTUNITIES FOR WOMEN SEX TRAFFICKING SURVIVORS WITHIN THE RESIDENTIAL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shari Montgomery Executive Director | OfficerTrustee | 40 | $51,000 |
Lauren Thompson Director | Trustee | 1 | $0 |
Bernie Bryan President/treasurer | OfficerTrustee | 5 | $0 |
Andrea Bassett Director | Trustee | 1 | $0 |
Al Norris Vice President | OfficerTrustee | 1 | $0 |
Gina Johnsen Director | Trustee | 1 | $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 | $517,566 |
| Noncash contributions included in lines 1a–1f | $15,692 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $517,566 |
| Total Program Service Revenue | $0 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,099 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,345 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $584,039 |
| 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. | $50,745 |
| Compensation of current officers, directors, key employees. | $9,134 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,234 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,411 |
| Payroll taxes | $17,694 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,956 |
| Advertising and promotion | $14,333 |
| Office expenses | $3,534 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,153 |
| Travel | $2,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34 |
| Interest | $14,143 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,587 |
| Insurance | $0 |
| All other expenses | $41,154 |
| Total functional expenses | $479,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,211 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $460 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,157 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $491,255 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $657,083 |
| Accounts payable and accrued expenses | $9,220 |
| 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 | $21,015 |
| Secured mortgages and notes payable | $279,135 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $309,370 |
| Net assets without donor restrictions | $347,713 |
| 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 | $657,083 |