Benjamin House Inc Tr
- Assets
- $1.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 69
- Location
- Elizabeth City, NC
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 56-6536254
Organization Overview
Benjamin House Inc Tr is located in Elizabeth City, NC. The organization was established in 1999. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Benjamin House Inc Tr employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benjamin House Inc Tr 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 12/2022, Benjamin House Inc Tr generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. 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
PROVIDE AN ASSISTED-LIVING FACILITY FOR THE MENTALLY CHALLENGED, OFFERING RESIDENTS VIABLE LIFESTYLE OPTIONS WHILE STRENGTHENING THEIR TIES WITH FAMILY, CHURCH, AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AN ASSISTED-LIVING FACILITY FOR THE MENTALLY CHALLENGED AND TO OFFER CASE MANAGEMENT TO ASSIST THOSE INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Hughes Operations Manager | Officer | 40 | $114,950 |
Sylvia Kirk Director | Trustee | 0.5 | $0 |
Evangelyn H Castellani Director | Trustee | 0.5 | $0 |
Brack Godwin Director | Trustee | 0.5 | $0 |
Beverly Godwin Director | Trustee | 0.5 | $0 |
Gary Stanley Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,238 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,447 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,685 |
| Total Program Service Revenue | $1,506,351 |
| Investment income | $864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,776 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,655,252 |
| 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. | $114,950 |
| Compensation of current officers, directors, key employees. | $57,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,292,448 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $114,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,236 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $38,155 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,445 |
| Travel | $30,270 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,503 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,702 |
| Insurance | $46,098 |
| All other expenses | $10,550 |
| Total functional expenses | $1,868,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,382 |
| Savings and temporary cash investments | $736,433 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $118,358 |
| Loans from Officers, Directors, or Controlling Persons | $84,585 |
| 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 | $840,717 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,544 |
| Other assets | $0 |
| Total assets | $1,888,019 |
| Accounts payable and accrued expenses | $192,493 |
| 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 | $797,316 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,800 |
| Total liabilities | $1,000,609 |
| Net assets without donor restrictions | $887,410 |
| 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 | $1,888,019 |