Cabarrus County Group Homes Inc
- Assets
- $2.4m
- Revenue
- $3.0m
- Investments
- $732.8k
- Employees
- 39
- Location
- Concord, NC
- Founding
- 08/1977
- Data as of
- 06/2021
- EIN
- 56-1143810
Organization Overview
Cabarrus County Group Homes Inc is located in Concord, NC. The organization was established in 1977. 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 06/2021, Cabarrus County Group Homes Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cabarrus County Group Homes 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 06/2021, Cabarrus County Group Homes Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $2.3m during the year ending 06/2021. While expenses have increased by 3.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIVING ARRANGEMENTS FOR HANDICAPPED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEN STRUCTURED GROUP HOMES FOR ADULTS WITH DISABILITIES
TEN STRUCTURED GROUP HOMES FOR ADULTS WITH DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ginger Pope Exec. Director - Non-Votin | Officer | 40 | $89,639 |
Martha Macon Chairperson | OfficerTrustee | 2 | $0 |
Barbara Coren Secretary | OfficerTrustee | 2 | $0 |
Dr Herb Smith Treasurer | Trustee | 2 | $0 |
Wes Stallings Board Member | Trustee | 2 | $0 |
Cynthia Benjamin Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,224 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,225 |
| Total Program Service Revenue | $2,849,662 |
| Investment income | $44,972 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,568 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,971,488 |
| 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. | $89,639 |
| Compensation of current officers, directors, key employees. | $56,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,046,409 |
| Pension plan accruals and contributions | $363,923 |
| Other employee benefits | $0 |
| Payroll taxes | $83,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,412 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,690 |
| Advertising and promotion | $0 |
| Office expenses | $10,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $226,114 |
| 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 | $45,186 |
| Insurance | $60,960 |
| All other expenses | $23,085 |
| Total functional expenses | $2,289,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,104,777 |
| Savings and temporary cash investments | $84,935 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $149,779 |
| 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 | $13,892 |
| Net Land, buildings, and equipment | $311,826 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $732,754 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,905 |
| Total assets | $2,400,868 |
| Accounts payable and accrued expenses | $112,606 |
| 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 | $0 |
| Total liabilities | $112,606 |
| Net assets without donor restrictions | $2,288,262 |
| 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 | $2,400,868 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Inreach Charlotte, NC | $7,913,848 | $23,092,110 |
Childrens Hope Alliance Barium Springs, NC | $38,599,237 | $18,471,668 |
Holston United Methodist Home For Children Inc Greeneville, TN | $27,641,839 | $16,110,226 |
Mur-Ci Homes Inc Antioch, TN | $9,901,370 | $14,568,313 |
Thornwell Clinton, SC | $68,857,237 | $15,147,057 |
Connie Maxwell Childrens Home Greenwood, SC | $133,286,632 | $13,776,005 |
Progress Inc Nashville, TN | $6,116,091 | $11,389,774 |
Comserv Inc Lenoir, NC | $7,960,502 | $13,511,547 |
United Cerebral Palsy Of South Carolina Inc Atlanta, GA | $9,682,843 | $13,275,605 |
Jackson Feild Homes Incorporated Jarratt, VA | $3,320,402 | $10,783,518 |
Umar Services Inc Charlotte, NC | $7,962,133 | $8,938,499 |
Horizons Residential Care Center Inc Rural Hall, NC | $8,329,986 | $8,523,055 |