Home Alliance Inc
- Assets
- $3.5m
- Revenue
- $419.7k
- Investments
- -$239.0
- Employees
- 3
- Location
- Myrtle Beach, SC
- Founding
- 01/2000
- Data as of
- 12/2021
- EIN
- 57-1080743
Organization Overview
Home Alliance Inc is located in Myrtle Beach, SC. The organization was established in 2000. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Home Alliance Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Alliance 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 12/2021, Home Alliance Inc generated $419.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $484.0k during the year ending 12/2021. 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 DEVELOP AFFORDABLE HOUSING FOR LOW-INCOME AND HOMELESS PERSONS AND FAMILIES IN HORRY COUNTY AND GEORGETOWN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACQUIRE, CREATE, DEVELOP, BUILD, RENOVATE, REDEVELOP, OPERATE AND MAINTAIN HOUSING FACILITIES FOR LOW-INCOME AND OTHER SPECIAL NEEDS POPULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Giordano Executive Director And Secretary | OfficerTrustee | 40 | $67,382 |
John Coffin Vice Chairman | OfficerTrustee | 1 | $0 |
Nick Sherfesee Chairman | OfficerTrustee | 1 | $0 |
Clifford Rudd Treasurer | OfficerTrustee | 2 | $0 |
Dana Black-Bolch Director | Trustee | 1 | $0 |
Sarah Pope Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,000 |
| Total Program Service Revenue | $346,290 |
| Investment income | $168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,270 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,728 |
| 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. | $67,382 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,444 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $46,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $228 |
| 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 | $9,850 |
| Advertising and promotion | $0 |
| Office expenses | $6,381 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $87 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,456 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,273 |
| Insurance | $58,227 |
| All other expenses | $2,978 |
| Total functional expenses | $483,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,656 |
| Savings and temporary cash investments | $51,268 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,649 |
| 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 | $36,511 |
| Net Land, buildings, and equipment | $2,998,455 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | -$239 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $675 |
| Total assets | $3,466,975 |
| Accounts payable and accrued expenses | $44,878 |
| 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 | $121,507 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $71,587 |
| Total liabilities | $237,972 |
| Net assets without donor restrictions | $3,229,003 |
| 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 | $3,466,975 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Home Alliance Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Thdf Ii Inc Atlanta, GA PURPOSE: TO ASSIST LOCAL CHARITIES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Carolina Homelessness Organization Inc Myrtle Beach, SC | $3,922,932 | $13,355,938 |
One-Eighty Place Charleston, SC | $19,059,150 | $17,424,004 |
24 7 Gateway Llc Atlanta, GA | $7,682,013 | $8,328,341 |
Partners For Home Inc Atlanta, GA | $5,368,701 | $9,349,512 |
Homeward Bound Of Western North Carolina Inc Asheville, NC | $7,613,383 | $7,947,393 |
Good Shepherd Ministries Of Wilmington Inc Wilmington, NC | $5,944,318 | $5,829,683 |
Haven Of Rest Ministries Inc Anderson, SC | $2,383,434 | $4,752,076 |
Valley Rescue Mission Inc Columbus, GA | $11,293,056 | $4,651,643 |
Union Mission Inc Savannah, GA | $10,228,204 | $5,419,623 |
Mens Shelter of Charlotte Inc Charlotte, NC | $8,763,780 | $6,485,842 |
Nicholas House Inc Atlanta, GA | $1,554,894 | $4,180,579 |
Winston Salem Rescue Mission Winstonsalem, NC | $6,423,330 | $4,280,239 |