Home Alliance Inc
- Assets
- $3.3m
- Revenue
- $342.1k
- Investments
- -$250.0
- Employees
- 3
- Location
- Myrtle Beach, SC
- Founding
- 01/2000
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Home Alliance Inc generated $342.1k 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 (8.8%) each year. All expenses for the organization totaled $444.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 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
2022
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.
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 |
|---|---|---|---|
Nancy Giordano Executive Director And Sec | OfficerTrustee | 40 | $68,750 |
Nick Sherfesee Chairman | OfficerTrustee | 1 | $0 |
John Coffin Vice 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 | $22,040 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,040 |
| Total Program Service Revenue | $311,752 |
| Investment income | $262 |
| 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 | $342,054 |
| 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. | $68,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,880 |
| 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 | $1,220 |
| Advertising and promotion | $0 |
| Office expenses | $12,785 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,886 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,181 |
| Insurance | $68,008 |
| All other expenses | $404 |
| Total functional expenses | $444,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,078 |
| Savings and temporary cash investments | $51,338 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,667 |
| 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 | $11,452 |
| Net Land, buildings, and equipment | $2,922,274 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | -$250 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,384 |
| Total assets | $3,337,943 |
| Accounts payable and accrued expenses | $2,131 |
| 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 | $67,765 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $77,103 |
| Total liabilities | $146,999 |
| Net assets without donor restrictions | $3,190,944 |
| 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 | $3,337,943 |