Brighter Tomorrows Inc
- Assets
- $150.3k
- Revenue
- $32.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Chesterfield, SC
- Founding
- 01/2006
- Data as of
- 06/2022
- EIN
- 51-0543882
Organization Overview
Brighter Tomorrows Inc is located in Chesterfield, SC. The organization was established in 2006. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brighter Tomorrows 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 06/2022, Brighter Tomorrows Inc generated $32.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $43.2k during the year ending 06/2022. While expenses have increased by 1.0% per year over the past 7 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
MEET THE NEEDS OF DISABLED INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PERMIT INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES TO REMAIN IN THEIR HOMES IF DESIRABLE AND POSSIBLE. IF NOT, TO LIVE IN A COMMUNITY SETTING WITH CHARACTERISTICS AS NEAR TO NORMAL AS POSSIBLE FOR THEIR AGE AND CAPABILITIES.FOUR INDIVIDUALS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billie G Stoudemire Chairperson | Officer | 4 | $0 |
Jerry C Mcmanus Vice Chairperson | Officer | 1 | $0 |
Kay Bspears Secretary/treasuer | Officer | 1 | $0 |
Robbie L Robertson Sr Member | Trustee | 1 | $0 |
John A Malloy Member | Trustee | 1 | $0 |
Henry A Suggs Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,113 |
| 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 | $19,113 |
| Total Program Service Revenue | $13,698 |
| Investment income | $12 |
| 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 | $32,823 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,880 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,328 |
| Payroll taxes | $480 |
| Fees for services: Management | $2,928 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,423 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,177 |
| Travel | $0 |
| 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 | $13,507 |
| Insurance | $581 |
| All other expenses | $0 |
| Total functional expenses | $43,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251 |
| Savings and temporary cash investments | $20,155 |
| 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 | $129,865 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $150,271 |
| Accounts payable and accrued expenses | $3,438 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $676 |
| 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 | $0 |
| Total liabilities | $4,114 |
| Net assets without donor restrictions | -$13,724 |
| Net assets with donor restrictions | $159,881 |
| 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 | $150,271 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For Retarded Citizens Housing Development Services Inc Greensboro, NC | $38,855,283 | $9,434,004 |
Twin Rivers Opportunities Inc New Bern, NC | $1,111,953 | $5,873,122 |
John Sparks Manor Inc Union City, GA | $0 | $5,675,234 |
Larry Moore Manor Inc Union City, GA | $0 | $4,277,912 |
Rhg-Afforable Housing Ii Inc Atlanta, GA | $13,550,062 | $7,175,901 |
Broadway Towers Inc Atlanta, GA | $17,531,706 | $3,119,210 |
Partners In Hope Inc Myrtle Beach, SC | $10,489,405 | $3,015,967 |
C O R E Programs Inc Charlotte, NC | $3,904,146 | $3,649,405 |
Santee Lynches Affordable Housing And Community Development Corp Sumter, SC | $22,034,704 | $3,598,391 |
Clairmont Oaks Inc Decatur, GA | $12,058,022 | $3,642,909 |
Campbell-Stone North Apartments Inc Atlanta, GA | $5,676,706 | $3,972,920 |
Christian Senior Housing Foundation Inc Atlanta, GA | $11,612,195 | $2,223,585 |