Gaston Residential Services Inc
- Assets
- $5.3m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 85
- Location
- Gastonia, NC
- Founding
- 08/1975
- Data as of
- 06/2024
- EIN
- 51-0138261
Organization Overview
Gaston Residential Services Inc is located in Gastonia, NC. The organization was established in 1975. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2024, Gaston Residential Services Inc employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gaston Residential Services 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 06/2024, Gaston Residential Services Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $5.2m during the year ending 06/2024. While expenses have increased by 5.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT & EMPOWER PERSONS WITH DISABILITIES SO THEY CAN LIVE THEIR LIVES AS RESPECTED MEMBERS OF THEIR COMMUNITY BY PROVIDING RESIDENTIAL, EMPLOYMENT & OTHER SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES INCLUDE, RESIDENTIAL SUPPORTS WHICH PROVIDES FOR ACQUIRING, RETAINING, AND IMPROVING SKILLS FOR ADULTS WITH DEVELOPMENTAL DISABILITIES RELATED TO ACTIVITIES OF DAILY LIVING. PERSONAL CARE SERVICES INCLUDES SUPPORT, SUPERVISION AND ENGAGING PARTICIPATION WITH EATING, BATHING, DRESSING, PERSONAL HYGIENE, AND OTHER ACTIVITIES OF DAILY LIVING. HOME AND COMMUNITY SUPPORTS ENABLE THE INDIVIDUAL TO ACQUIRE AND MAINTAIN SKILLS THAT WILL ALLOW HIM/HER TO FUNCTION WITH GREATER INDEPENDENCE IN THE COMMUNITY. GRS, INC. PROVIDES SERVICES TO 59 PEOPLE. ANCILLARY SERVICE REVENUE OF $236,571 FOR THE PROGRAMS SUSTAINED IS INCLUDED IN THIS PROGRAM SERVICE.
SUPPORTED EMPLOYMENT SERVICES PROVIDE ASSISTANCE WITH CHOOSING, ACQUIRING, AND MAINTAINING A JOB FOR ADULTS WITH DISABILITIES. SERVICES INCLUDE: PRE-JOB TRAINING AND/OR EDUCATION AND DEVELOPMENT ACTIVITIES TO PREPARE A PARTICIPANT TO ENGAGE IN MEANINGFUL WORK-RELATED ACTIVITIES. GRS PROVIDES VOCATIONAL REHAB SERVICES TO APPROXIMATELY 20 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Hoyle Member | Trustee | 0.2 | $0 |
Selina W Lee Member | Trustee | 0.2 | $0 |
Larry L Capps Member | Trustee | 0.2 | $0 |
Karen Morgan Member | Trustee | 0.2 | $0 |
Alice B Carpenter Member | Trustee | 0.2 | $0 |
John Russell Member | Trustee | 0.2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,190,192 |
| Investment income | $102,274 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,297,466 |
| 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. | $307,318 |
| Compensation of current officers, directors, key employees. | $307,318 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,630,918 |
| Pension plan accruals and contributions | $64,978 |
| Other employee benefits | $94,183 |
| Payroll taxes | $215,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,500 |
| Advertising and promotion | $1,058 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $311,387 |
| Travel | $26,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,067 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,305 |
| Insurance | $258,881 |
| All other expenses | $107,165 |
| Total functional expenses | $5,192,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,493,962 |
| Savings and temporary cash investments | $1,057,887 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,309,714 |
| 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 | $1,399,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,261,469 |
| Accounts payable and accrued expenses | $117,508 |
| 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 | $1,417,424 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,534,932 |
| Net assets without donor restrictions | $3,726,537 |
| 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 | $5,261,469 |