Homes For Youth Inc
- Assets
- $227.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Flat Rock, NC
- Founding
- 12/2014
- Data as of
- 12/2022
- EIN
- 47-1768022
Organization Overview
Homes For Youth Inc is located in Flat Rock, NC. The organization was established in 2014. 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. Homes For Youth 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, Homes For Youth Inc generated $36.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $21.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING HOME FOR 5 TEENAGE GIRLS, HOME EXPENSES (INTEREST ON BANK LOAN, INSURANCE,UTILITIES,MAINTENANCE AND REPAIRS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lambert Bod Member And President | 10 | $0 | |
Anthony Armocida Bod Member And Vice President | 5 | $0 | |
Lisa Fort Bod Member And Secretary | 5 | $0 | |
Richard Kauffold Bod Member And Treasurer | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,144 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,518 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $36,662 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $52 |
| Other expenses | $21,712 |
| Total expenses | $21,764 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,207 |
| Other assets | $0 |
| Total assets | $227,154 |
| Total liabilities | $500 |
| Net assets or fund balances | $226,654 |