Martin County Residential Services Inc
- Assets
- $4.9m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 97
- Location
- Williamston, NC
- Founding
- 05/1988
- Data as of
- 06/2023
- EIN
- 56-1569312
Organization Overview
Martin County Residential Services Inc is located in Williamston, NC. The organization was established in 1988. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Martin County Residential Services Inc employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin County Residential 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 06/2023, Martin County Residential Services Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $3.2m during the year ending 06/2023. 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
PROVIDING OPPORTUNITIES, TRAINING AND SUPPORT FOR INDIVIDUALS TO ASSIST THEM IN BECOMING AS INDEPENDENT AS POSSIBLE AT HOME, AT WORK AND IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES TO APPROXIMATELY 100 DEVELOPMENTALLY, PHYSICALLY OR ECONOMICALLY DISABLED ADULTS. SERVICES INCLUDE EDUCATIONAL, SOCIAL SKILLS & EMPLOYMENT OPPORTUNITIES TO ENABLE THE PEOPLE TO LIVE NORMAL LIVES.
HTM CONCEPTS OF MARTIN ENTERPRISES, LLC - A FOR PROFIT SCREEN PRINTING BUSINESS. HTM'S ACTIVITY IS REPORTED IN FORM 990-T AS IT IS A FOR-PROFIT DISREGARDED ENTITY OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Bullock Exec. Direct | Officer | 40 | $0 |
Georgie Griffin President | Trustee | 5 | $0 |
Gail Keel Vice Preside | Trustee | 5 | $0 |
Hilda Bussell Secretary | Trustee | 5 | $0 |
Tommy W Bowen Board Member | Trustee | 5 | $0 |
Susan Dunlow Board Member | Trustee | 5 | $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 | $1,796,322 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,796,322 |
| Total Program Service Revenue | $2,146,718 |
| Investment income | $22,605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,965,645 |
| 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 | $1,603,696 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $170,863 |
| Payroll taxes | $100,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,371 |
| Fees for services: Accounting | $15,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $302 |
| Office expenses | $43,682 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $158,008 |
| Travel | $13,170 |
| 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 | $114,624 |
| Insurance | $110,258 |
| All other expenses | $248,370 |
| Total functional expenses | $3,223,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,890,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $322,643 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $107,947 |
| Prepaid expenses and deferred charges | $5,063 |
| Net Land, buildings, and equipment | $1,555,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,444 |
| Other assets | $70 |
| Total assets | $4,896,588 |
| Accounts payable and accrued expenses | $196,314 |
| 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 | $196,314 |
| Net assets without donor restrictions | $4,700,274 |
| 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 | $4,896,588 |