Lighthouse For The Homeless
- Assets
- $15.4m
- Revenue
- $1.2m
- Investments
- $1.2m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 05/2013
- Data as of
- 12/2021
- EIN
- 46-1596255
Organization Overview
Lighthouse For The Homeless, operating under the name True Worth Place, is located in Fort Worth, TX. The organization was established in 2013. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. True Worth Place 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 12/2021, True Worth Place generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (26.4%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LEADING THE JOURNEY FROM HOMELESS TO HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUE WORTH PLACE, THE ONLY FREE AREA DAY SHELTER IN FORT WORTH, IS OPERATED BY PRESBYTERIAN NIGHT SHELTER. TRUE WORTH PLACE OFFERS SAFE AND CLEAN DAY SHELTER AND CRITICAL SERVICES TO ITS GUESTS INCLUDING RESTROOM AND SHOWERS, LAUNDRY FACILITIES, MAILING ADDRESS, TELEPHONES, COMPUTERS AND TEMPORARY STORAGE. AS A CENTRAL RESOURCE CENTER FOR PEOPLE EXPERIENCING HOMELESSNESS, TRUE WORTH PLACE LINKS GUESTS WITH LOCAL SERVICE PROVIDERS, PROVIDING ACCESS TO HEALTH CARE, EMPLOYMENT, EDUCATION, MENTAL HEALTH AND SUBSTANCE ABUSE TREATMENT, BENEFITS, AND CRITICAL DOCUMENTS INCLUDING ID'S, SOCIAL SECURITY CARDS AND BIRTH CERTIFICATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Micky Severson Board Chair | OfficerTrustee | 0.1 | $0 |
Daryl Davis Vice Chair | OfficerTrustee | 0.1 | $0 |
Jt Aughinbaugh Treasurer | OfficerTrustee | 0.1 | $0 |
Roxanne Ancy Secretary | OfficerTrustee | 0.1 | $0 |
Toby Owen CEO - Pns | Officer | 2 | $0 |
Courtney Gregory Vice President Of Finance (outgoing) - Pns | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $603,901 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,996 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $634,897 |
| Total Program Service Revenue | $520,009 |
| Investment income | $36,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,565 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,203,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $47,236 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $570,869 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $76,858 |
| Payroll taxes | $42,523 |
| Fees for services: Management | $339,705 |
| Fees for services: Legal | $462 |
| Fees for services: Accounting | $3,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,362 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,817 |
| Information technology | $9,206 |
| Royalties | $0 |
| Occupancy | $165,681 |
| Travel | $259 |
| 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 | $433,155 |
| Insurance | $51,338 |
| All other expenses | $1,579 |
| Total functional expenses | $1,940,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,729 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $119,821 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $44,894 |
| Net Land, buildings, and equipment | $12,575,241 |
| Investments—publicly traded securities | $695,246 |
| Investments—other securities | $1,197,673 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $497,878 |
| Total assets | $15,370,482 |
| Accounts payable and accrued expenses | $40,624 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $844,482 |
| Total liabilities | $885,106 |
| Net assets without donor restrictions | $1,983,282 |
| Net assets with donor restrictions | $12,502,094 |
| 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 | $15,370,482 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lighthouse For The Homeless has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $5,500 |
Endowment Analysis
| Beg. Balance | $13,416,694 |
| Net Contributions | $39,621 |
| Other Expense | $954,221 |
| Ending Balance | $12,502,094 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albuquerque Health Care For The Homeless Inc Albuquerque, NM | $9,726,634 | $8,408,602 |
Our House Inc Little Rock, AR | $15,828,581 | $11,214,750 |
Opportunity Center For The Homeless El Paso, TX | $20,816,950 | $9,935,734 |
Hope Supply Co Dallas, TX | $2,313,655 | $6,023,810 |
Vogel Alcove Dallas, TX | $4,661,178 | $11,705,552 |
Ending Community Homelessness Coalition Inc Austin, TX | $5,453,245 | $6,627,043 |
Other Ones Foundation Inc Austin, TX | $713,831 | $3,411,297 |
Lighthouse For The Homeless Fort Worth, TX | $15,370,482 | $1,203,504 |
Steelbridge Ministries Albuquerque, NM | $4,191,258 | $2,008,143 |
Union Rescue Mission Inc Little Rock, AR | $3,011,536 | $1,552,287 |
Casa Marianella Austin, TX | $5,043,272 | $2,857,650 |
Casa De Peregrinos Inc Las Cruces, NM | $1,546,785 | $1,701,397 |