Childrens Homes Of Iredell County Inc
- Assets
- $1.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 30
- Location
- Statesville, NC
- Founding
- 12/1973
- Data as of
- 06/2022
- EIN
- 56-1050648
Organization Overview
Childrens Homes Of Iredell County Inc is located in Statesville, NC. The organization was established in 1973. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Childrens Homes Of Iredell County Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Homes Of Iredell County 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, Childrens Homes Of Iredell County Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) 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 HOUSING AND CARE FOR CHILDREN WHO HAVE BEEN NEGLECTED, ABUSED OR ABANDONDED BY THEIR CAREGIVERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S HOMES OF IREDELL COUNTY, INC. WAS ESTABLISHED TO PROVIDE TEMPORARY SHELTER AND CARE TO THE DEPENDENT AND NEGLECTED CHILDREN OF IREDELL COUNTY AND ITS SURROUNDING COUNTIES.
CHILDREN'S HOMES OF IREDELL COUNTY, INC. WAS ESTABLISHED TO PROVIDE TEMPORARY SHELTER AND CARE TO THE DEPENDENT AND NEGLECTED CHILDREN OF IREDELL COUNTY AND ITS SURROUNDING COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Pray Bradshaw Board Member | Trustee | 1 | $0 |
Veroncia Dees Board Member | Trustee | 1 | $0 |
Kathy Kranz Board Member | Trustee | 2 | $0 |
Jeanne Massey Board Member | Trustee | 1 | $0 |
Debra T Bailey Vice Preside | Officer | 1 | $0 |
Don Koepnick Treasurer | Officer | 4 | $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 | $208,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,410 |
| Total Program Service Revenue | $873,014 |
| Investment income | $7,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,366 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,144,676 |
| 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 | $574,564 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $131,176 |
| Payroll taxes | $46,986 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,874 |
| Advertising and promotion | $680 |
| Office expenses | $12,629 |
| Information technology | $9,117 |
| Royalties | $0 |
| Occupancy | $127,963 |
| Travel | $23,499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,481 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,329 |
| Insurance | $25,485 |
| All other expenses | $17,727 |
| Total functional expenses | $1,158,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,314 |
| Savings and temporary cash investments | $10,095 |
| 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 | $908,519 |
| Investments—publicly traded securities | $233,755 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,195 |
| Total assets | $1,426,878 |
| Accounts payable and accrued expenses | $0 |
| 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 | $162,176 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $162,176 |
| Net assets without donor restrictions | $1,264,702 |
| 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 | $1,426,878 |