Patrick Henry Family Services Inc
- Assets
- $55.1m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- 09/1963
- Data as of
- 06/2022
- EIN
- 54-0660819
Organization Overview
Patrick Henry Family Services Inc is located in Lynchburg, VA. The organization was established in 1963. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, 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. Patrick Henry Family 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 06/2022, Patrick Henry Family Services Inc generated $3.3m 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 (4.2%) each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. 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
TO PROVIDE RESIDENTIAL AND RELATED SERVICES FOR THE DEVELOPMENT, ASSISTANCE AND CARE OF DISADVANTAGED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LICENSED CHILD CARE INSTITUTION PROVIDING A YEAR-ROUND FULL SERVICE PROGRAM OF RESIDENTIAL AND RELATED SERVICES FOR DISADVANTAGED CHILDREN. SERVICES INCLUDE THE DEVELOPMENT, ASSISTANCE AND CARE OF DISADVANTAGED CHILDREN IN A STRUCTURED HOME ENVIRONMENT AND PROVISION OF CHRISTIAN TRAINING AND COUNSELING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverley Dalton VP - Trustee | OfficerTrustee | 2 | $0 |
Robert Day CEO | Officer | 40 | $0 |
Claudia Fletcher Chief Prog O | Officer | 40 | $0 |
Jeffrey Nitz COO | Officer | 40 | $0 |
Ken Arthur Trustee | Trustee | 0.5 | $0 |
Steve Bowery VP - Trustee | Trustee | 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 | $1,741,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,741,172 |
| Total Program Service Revenue | $19,368 |
| Investment income | $1,121,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $420,698 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,342,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,784,614 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175,587 |
| Fees for services: Other | $19,284 |
| Advertising and promotion | $0 |
| Office expenses | $25,245 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,680 |
| 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 | $174,910 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,352,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $797,680 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $21,016 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $101,765 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,662,005 |
| Investments—publicly traded securities | $51,178,688 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $334,985 |
| Total assets | $55,096,139 |
| Accounts payable and accrued expenses | $28,970 |
| 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 | $18,472 |
| Total liabilities | $47,442 |
| Net assets without donor restrictions | $51,754,025 |
| Net assets with donor restrictions | $3,294,672 |
| 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 | $55,096,139 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Patrick Henry Family Services Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Mraz Charitable Tr Richmond, VA PURPOSE: TO ASSIST NEEDY FAMILIES | $2,500 |
Endowment Analysis
| Beg. Balance | $401,371 |
| Earnings | -$68,733 |
| Ending Balance | $332,638 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Josephs Villa Richmond, VA | $27,428,777 | $22,658,558 |
Second Family Inc Landover, MD | $8,336,293 | $18,458,422 |
Creative Options Inc Rosedale, MD | $5,912,268 | $18,062,060 |
Developmental Services Of Dickson County Dickson, TN | $11,323,972 | $14,070,114 |
Our Lady Of Hope Health Center Inc Roanoke, VA | $20,100,998 | $16,173,779 |
Boys And Girls Home Of North Carolina Inc Lake Waccamaw, NC | $27,444,905 | $18,368,279 |
Progress Unlimited Inc Owings Mills, MD | $6,943,028 | $14,017,942 |
Elk Hill Farm Inc Goochland, VA | $8,024,424 | $11,816,534 |
Presbyterian Homes & Family Services Inc Lynchburg, VA | $44,827,588 | $11,019,660 |
Insight Incentive For Normal Social Interaction-Group Home Today Inc Woodbridge, VA | $13,170,657 | $11,222,553 |
Ralph Scott Lifeservices Inc Burlington, NC | $9,602,091 | $12,832,538 |
Bayside Community Network Inc Elkton, MD | $9,618,980 | $11,506,154 |