Comserv Inc
- Assets
- $9.8m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 303
- Location
- Lenoir, NC
- Founding
- 04/1991
- Data as of
- 06/2023
- EIN
- 56-1717932
Organization Overview
Comserv Inc is located in Lenoir, NC. The organization was established in 1991. 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, Comserv Inc employed 303 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Comserv 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, Comserv Inc generated $12.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $12.0m during the year ending 06/2023. While expenses have increased by 5.0% per year over the past 8 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
TO OPERATE AND MANAGE PROGRAMS FOR DEVELOPMENTALLY DISABLED AND OTHER HANDICAPPED PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED HOMES AND PROVIDED SERVICES FOR THE BENEFIT OF INDIVIDUALS WHO ARE DEVELOPMENTALLY AND PHYSICALLY HANDICAPPED. THE ORGANIZATION OPERATES EIGHT 6-BED ICF-MR HOMES, TWO 6-BED DDA HOMES AND PROVIDES OTHER RESIDENTIAL, DAY ACTIVITY AND OTHER COMMUNITY-BASED SERVICES FOR DEVELOPMENTALLY DISABLED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Reynolds Member | Trustee | 1 | $1,300 |
Wanda Beatrice Tullis Secretary | OfficerTrustee | 1 | $1,700 |
Amparo Alfaro Vice President | OfficerTrustee | 1 | $1,700 |
Patricia Ward President | OfficerTrustee | 1 | $1,700 |
Melissa Dawn Kelley Ex-Officio | Officer | 40 | $128,808 |
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 | $599,961 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $599,961 |
| Total Program Service Revenue | $11,325,893 |
| Investment income | $272,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,221,310 |
| 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. | $139,837 |
| Compensation of current officers, directors, key employees. | $139,837 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,120,648 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,051,279 |
| Payroll taxes | $549,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,961 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,679 |
| Office expenses | $12,814 |
| Information technology | $169,161 |
| Royalties | $0 |
| Occupancy | $502,195 |
| Travel | $93,822 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,508 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,393 |
| Insurance | $191,315 |
| All other expenses | $551,486 |
| Total functional expenses | $11,963,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,525 |
| Savings and temporary cash investments | $2,437,611 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,916,225 |
| 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 | $116,604 |
| Net Land, buildings, and equipment | $1,649,887 |
| Investments—publicly traded securities | $2,572,727 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $774,255 |
| Total assets | $9,780,834 |
| Accounts payable and accrued expenses | $1,348,117 |
| 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 | $540,135 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $733,252 |
| Total liabilities | $2,621,504 |
| Net assets without donor restrictions | $7,159,330 |
| 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 | $9,780,834 |