Martin County Residential Services Inc
- Assets
- $4.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 97
- Location
- Williamston, NC
- Founding
- 05/1988
- Data as of
- 06/2021
- 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 06/2022, 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 06/2021, Martin County Residential Services Inc generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) 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
2021
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Bullock Exec. Direct | Officer | 40 | $0 |
Gail Keel Vice Preside | Trustee | 1 | $0 |
Hilda Bussell Secretary | Trustee | 1 | $0 |
Tommy W Bowen Board Member | Trustee | 1 | $0 |
Susan Dunlow Board Member | Trustee | 1 | $0 |
Stephanie Irvine Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,411,761 |
| Investment income | $2,232 |
| 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 | $3,146,972 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $1,443,810 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $177,814 |
| Payroll taxes | $92,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,333 |
| Fees for services: Accounting | $13,458 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $454 |
| Office expenses | $44,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $169,133 |
| Travel | $3,571 |
| 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 | $120,136 |
| Insurance | $86,033 |
| All other expenses | $0 |
| Total functional expenses | $2,883,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,962,275 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $373,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $106,540 |
| Prepaid expenses and deferred charges | $18,090 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,778 |
| Other assets | $70 |
| Total assets | $4,013,116 |
| Accounts payable and accrued expenses | $109,252 |
| 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 | $357,504 |
| Other liabilities | $0 |
| Total liabilities | $466,756 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $3,546,360 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tri-Development Center Of Aiken County Aiken, SC | $11,301,624 | $21,352,454 |
Lifespan Incorporated Charlotte, NC | $15,854,360 | $20,547,610 |
Progressive Directions Inc Clarksville, TN | $6,267,368 | $17,802,978 |
York County Board Of Disabilities And Special Needs York, SC | $16,505,254 | $19,088,984 |
Employment Source Inc Fayetteville, NC | $11,512,831 | $17,714,777 |
Emory Valley Center Inc Oak Ridge, TN | $13,502,943 | $17,151,005 |
Soar 365 Richmond, VA | $23,580,904 | $17,622,374 |
Michael Dunn Center Kingston, TN | $4,914,167 | $15,172,268 |
Progressive Healthcare Providers Inc Collierville, TN | $3,689,907 | $14,306,238 |
Berkeley Citizens Inc Moncks Corner, SC | $10,679,846 | $12,915,154 |
Goodwill Services Inc Richmond, VA | $4,923,731 | $11,570,082 |
Horry Country Disabilities And Special Needs Board Conway, SC | $9,815,854 | $10,966,360 |