Journey Home Inc
- Assets
- $2.5m
- Revenue
- $200.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Mineral, VA
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 47-2245325
Organization Overview
Journey Home Inc is located in Mineral, VA. The organization was established in 2014. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Journey Home Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Journey Home 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 12/2021, Journey Home Inc generated $200.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $112.2k 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
TRANSITIONAL HOUSING FOR HOMELESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOURNEY HOME CONTINUES TO OPERATE AND ACCEPT NEW GUESTS INTO OUR TRANSITIONAL HOUSING PROGRAM THAT PROVIDES HOUSING, FOOD, EDUCATION, AND COACHING FOR GUESTS AND THEIR CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Reid Operations Director And Board Director | Trustee | 23 | $29,200 |
Debra Read Executive Director And Board President | OfficerTrustee | 32 | $0 |
Jennifer Schulz Board Secretary And Board Director | OfficerTrustee | 4 | $0 |
Edward Read Jr Board Treasurer And Board Director | OfficerTrustee | 22 | $0 |
Darvin Satterwhite Board Director | Trustee | 2 | $0 |
E Bruce Stone Board Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $285 |
| Related organizations | $0 |
| Government grants | $27,610 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,918 |
| Noncash contributions included in lines 1a–1f | $4,027 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,813 |
| Total Program Service Revenue | $17,755 |
| Investment income | $163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,731 |
| 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. | $29,200 |
| Compensation of current officers, directors, key employees. | $7,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,384 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $204 |
| Fees for services: Accounting | $41 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $658 |
| Advertising and promotion | $224 |
| Office expenses | $2,168 |
| Information technology | $1,108 |
| Royalties | $0 |
| Occupancy | $47,928 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $663 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | -$69 |
| All other expenses | $176 |
| Total functional expenses | $112,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,360 |
| Savings and temporary cash investments | $129,280 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,343,206 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,485,846 |
| Accounts payable and accrued expenses | $432 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,894 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $350,000 |
| Secured mortgages and notes payable | $19,216 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $375,542 |
| Net assets without donor restrictions | $2,099,700 |
| Net assets with donor restrictions | $10,604 |
| 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 | $2,485,846 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Journey Home Inc has recieved totaling $13,309.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $5,600 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: PLAY AREA PROJECT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Youth Hostels Inc Silver Spring, MD | $60,757,084 | $27,874,015 |
Appalachian Student Housing Corporation Boone, NC | $99,024,525 | $6,456,684 |
Recovery Point Of Hunting Inc Huntington, WV | $9,479,696 | $4,736,967 |
American Youth Hostels Inc Silver Spring, MD | $40,473,958 | $3,459,751 |
Serenity Pointe Inc Dunlap, TN | $2,490,170 | $4,102,577 |
Greenpointe Regional Housing Inc Dunn, NC | $10,308,542 | $2,284,690 |
Open Table Of Nashville Inc Nashville, TN | $444,222 | $1,157,501 |
Veterans Life Center Raleigh, NC | $1,727,706 | $1,329,274 |
True Purpose Ministries Maryville, TN | $2,038,433 | $1,219,633 |
Biblical Concepts Group Home Gallatin, TN | $711,318 | $1,118,514 |
Fayetteville State University Student Housing Corporation Fayetteville, NC | $19,255,663 | $717,505 |
Real Life Richmond, VA | $1,051,389 | $1,326,903 |