Community Residences Foundation
- Assets
- $4.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Chantilly, VA
- Founding
- 08/1996
- Data as of
- 06/2022
- EIN
- 54-1753414
Organization Overview
Community Residences Foundation is located in Chantilly, VA. The organization was established in 1996. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Residences Foundation 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, Community Residences Foundation generated $1.4m in total revenue. All expenses for the organization totaled $290.1k during the year ending 06/2022. While expenses have increased by 14.4% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVES PROGRAMS OF COMMUNITY RESIDENCES, INC THROUGH FINANCIAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine B Plummer Chair | OfficerTrustee | 0.1 | $0 |
Heather Lyons Secretary/ Treasurer | OfficerTrustee | 0.1 | $0 |
Terence Hurley Executive VP - CFO & Cao | OfficerTrustee | 0.1 | $0 |
Arthur Ginsberg President/ceo | OfficerTrustee | 0.1 | $0 |
Paul Gallagher Board Member | Trustee | 0.1 | $0 |
Sam Boyd Board Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $646 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,821 |
| Noncash contributions included in lines 1a–1f | $42,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,467 |
| Total Program Service Revenue | $0 |
| Investment income | $66,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,142,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,373,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,496 |
| Grants and other assistance to domestic individuals. | $4,220 |
| 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 | $155,715 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,726 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $198 |
| Fees for services: Accounting | $17,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,135 |
| Fees for services: Other | $22,482 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,274 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $290,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,149 |
| Savings and temporary cash investments | $232,138 |
| 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 | $0 |
| Investments—publicly traded securities | $4,566,821 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,348 |
| Total assets | $4,861,456 |
| Accounts payable and accrued expenses | $6,576 |
| 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 | $1,124,070 |
| Total liabilities | $1,130,646 |
| Net assets without donor restrictions | $2,971,656 |
| Net assets with donor restrictions | $759,154 |
| 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 | $4,861,456 |
Grants Awarded
Over the last fiscal year, Community Residences Foundation has awarded $166,604 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Chantilly, VA PURPOSE: ONGOING BUSINESS DEVELOPMENT GRANT | $130,265 |
Chantilly, VA PURPOSE: CAPITAL IMPROVEMENTS FOR PROGRAM FACILITIES | $25,000 |
Chantilly, VA PURPOSE: TUITION ASSISTANCE FOR EMPLOYEES PURSUING DIRECT SERVICE PROVIDER TYPE EDUCATION | $11,339 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Residences Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Venable Baetjer And Howard Foundation Baltimore, MD PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $213,388 |
| Earnings | -$34,258 |
| Other Expense | $4,085 |
| Ending Balance | $175,045 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
High Point Realty Associates Inc Durham, NC | $37,211,144 | -$111,209 |
Eddie C And C Sylvia Brown Family Foundation Inc Baltimore, MD | $3,716,367 | $4,436,697 |
Foundations And Donors Interest In Catholic Activities Washington, DC | $12,432,482 | $5,708,412 |
Grantmakers In Health Washington, DC | $9,558,387 | $6,468,350 |
Mcglothlin Foundation Bristol, VA | $17,450,755 | $3,108,342 |
Saint Marys Home For Disabled Children Foundation Norfolk, VA | $37,168,152 | $4,187,814 |
Family Faith And Freedom Foundation Washington, DC | $19,815,300 | $893,000 |
Lost Sheep Ministries Inc Knoxville, TN | $704,656 | $432,203 |
Community Residences Foundation Chantilly, VA | $4,861,456 | $1,373,875 |
Chs Sports Boosters Inc Thurmont, MD | $94,425 | $0 |
L A M P Foundation Knoxville, TN | $1,071,995 | $177,293 |
Marilynn R Pierce Charitable Tr Ua Louisville, KY | $1,108,808 | $260,241 |