The Methodist Home For Children Inc
- Assets
- $9.3m
- Revenue
- $22.6m
- Investments
- $0.0
- Employees
- 471
- Location
- Raleigh, NC
- Founding
- 09/1937
- Data as of
- 06/2023
- EIN
- 56-0547482
Organization Overview
The Methodist Home For Children Inc is located in Raleigh, NC. The organization was established in 1937. 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 06/2023, Methodist Home For Children Inc employed 471 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist Home For Children 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 06/2023, Methodist Home For Children Inc generated $22.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $24.1m during the year ending 06/2023. While expenses have increased by 4.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHILDREN AND FAMILY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JUVENILE HOME SERVICES - METHODIST HOME FOR CHILDREN, INC. ("MHC") OPERATES FIVE MULTI-PURPOSE JUVENILE HOMES PROVIDING SERVICES TO YOUTH INVOLVED IN THE JUVENILE JUSTICE SYSTEM WHO ARE DIVERTED TO THESE HOMES TO PARTICIPATE IN A THERAPEUTIC ENVIRONMENT FOCUSED ON MAKING POSITIVE BEHAVIORAL CHANGES. MHC OPERATES THREE TRANSITIONAL LIVING HOMES WITH A FOCUS ON HELPING THE YOUTH WHO ARE ON JUVENILE PROBATION LEARN INDEPENDENT LIVING AND VOCATIONAL SKILLS. MHC ALSO OPERATES THREE JUVENILE CRISIS AND ASSESSMENT CENTERS PROVIDING CRISIS INTERVENTION, ASSESSMENT AND SERVICE PLANNING FOR YOUTH WHO REQUIRE TEMPORARY OUT-OF-HOME PLACEMENT TO STABILIZE THEIR BEHAVIORS AND PROVIDE AN OPPORTUNITY TO DETERMINE EFFECTIVE INTERVENTIONS. MHC SERVED A TOTAL OF 497 YOUTH IN THESE HOMES AND ASSESSMENT CENTERS.
FOSTER CARE & ADOPTIONS - MHC PROVIDES FOSTER CARE SERVICES FOR YOUTH WHO ARE EXPERIENCING TRAUMA DUE TO ISSUES INVOLVING ABUSE, NEGLECT, AND/OR POTENTIAL HOMELESSNESS OR MENTAL HEALTH NEEDS. SPECIFIC SERVICES INCLUDE TRADITIONAL FOSTER CARE, THERAPEUTIC FOSTER CARE (CHILDREN WITH SPECIFIC AND CHRONIC MENTAL HEALTH DIAGNOSES), KINSHIP CARE (CHILDREN WHO CAN BE PLACED WITH A FAMILY MEMBER), RAPID RESPONSE CRISIS STABILIZATION (CHILDREN IN CRISIS WHO NEED EMERGENCY SHORT-TERM CARE), JUVENILE JUSTICE FOSTER CARE (RUNAWAYS, GANG-AFFILIATED TEENS, OR OTHER COURT-INVOLVED YOUTH), AND ADOPTIONS (FOSTER CHILDREN WHO ARE UNABLE TO REUNITE WITH THEIR BIOLOGICAL FAMILIES). MHC SERVED A TOTAL OF 91 CHILDREN AND YOUTH IN THESE PROGRAMS, INCLUDING 6 ADOPTIONS.
EARLY CHILDHOOD SERVICES - MHC OPERATES TWO FIVE-STAR EARLY CHILD CARE CENTERS PROVIDING SERVICES FOR TYPICALLY AND ATYPICALLY DEVELOPING CHILDREN IN AN INCLUSIVE CLASSROOM. 31% OF THE ENROLLED CHILDREN RECEIVED FINANCIAL ASSISTANCE. 29% OF THE ENROLLED CHILDREN RECEIVE THERAPEUTIC SUPPORT INCLUDING SPEECH, OCCUPATIONAL OR PHYSICAL THERAPY, SPECIAL EDUCATION, OR DEVELOPMENTAL THERAPY. 100% OF KINDERGARTENERS ACHIEVED READINESS GOALS THROUGH A STANDARDIZED ASSESSMENT. MHC SERVED A TOTAL OF 207 CHILDREN IN THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Vickers Chair | OfficerTrustee | 1 | $0 |
Rev Bruce Stanley President & CEO | OfficerTrustee | 50 | $172,394 |
Cady Thomas Vice-Chair | OfficerTrustee | 1 | $0 |
Martha Walston Vice-Chair | OfficerTrustee | 1 | $0 |
Marcus Green Treasurer | OfficerTrustee | 1 | $0 |
Katherine Edmiston Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bradley Adam Bieber Landscape Design Services | 6/29/20 | $105,000 |
Stephen F Mceachen Psychological Services | 6/29/20 | $103,530 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $553,103 |
| Related organizations | $1,045,424 |
| Government grants | $14,072,957 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,620,568 |
| Noncash contributions included in lines 1a–1f | $263,997 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,292,052 |
| Total Program Service Revenue | $4,464,869 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,567 |
| Net Income from Fundraising Events | -$178,749 |
| Net Income from Gaming Activities | $26,428 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,624,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $91,168 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $760,377 |
| Compensation of current officers, directors, key employees. | $348,564 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,593,052 |
| Pension plan accruals and contributions | $775,706 |
| Other employee benefits | $1,783,736 |
| Payroll taxes | $933,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $117,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,858 |
| Advertising and promotion | $0 |
| Office expenses | $207,281 |
| Information technology | $592,945 |
| Royalties | $0 |
| Occupancy | $1,155,242 |
| Travel | $792,524 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,692 |
| Interest | $51,066 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $404,332 |
| Insurance | $139,677 |
| All other expenses | $818,273 |
| Total functional expenses | $24,105,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,355,438 |
| Savings and temporary cash investments | $250,199 |
| Pledges and grants receivable | $160,000 |
| Accounts receivable, net | $1,674,366 |
| 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 | $247,142 |
| Net Land, buildings, and equipment | $3,114,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,463,920 |
| Total assets | $9,265,741 |
| Accounts payable and accrued expenses | $1,906,831 |
| Grants payable | $0 |
| Deferred revenue | $1,319,118 |
| 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 | $1,327,456 |
| Other liabilities | $558,841 |
| Total liabilities | $5,112,246 |
| Net assets without donor restrictions | $4,153,495 |
| 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 | $9,265,741 |