Faith Home Inc
- Assets
- $3.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 96
- Location
- Greenwood, SC
- Founding
- 10/1967
- Data as of
- 12/2022
- EIN
- 57-6034112
Organization Overview
Faith Home Inc is located in Greenwood, SC. The organization was established in 1967. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Faith Home Inc employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Home 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, Faith Home Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 10.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FAITH HOME PROVIDES FAITH-BASED ALCOHOL AND DRUG ADDICTION PROGRAMS IN GREENWOOD, SPARTANBURG, AND ABBEVILLE. WE ARE THE LARGEST CHRISTIAN RECOVERY PROGRAM IN THE SOUTHEAST WITH A 135 RESIDENT BED CAPACITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAITH HOME'S MISSION IS TO GUIDE MEN AND WOMEN INTO A PERSONAL RELATIONSHIP WITH JESUS CHRIST AND WITH THE TOOLS OF CHRIST-CENTERED SPIRITUALITY AND 12-STEP RECOVERY, RETURN THEM TO SOCIETY AS PRODUCTIVE CITIZENS AND FILLED WITH HOPE AND PURPOSE. WE PROVIDE AN 8-WEEK RESIDENTIAL, CHRIST-CENTERED RECOVERY PROGRAM AT NO COST TO PROGRAM RESIDENTS. WE HELP RESIDENTS ACHIEVE A BALANCED LIFE OF RECOVERY CENTERED IN THE WORD OF GOD, HEALTHY LIVING, RESPONSIBLY WORKING, HELPING AND SERVING OTHERS, 12-STEP MEETINGS, AND CHURCH ATTENDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Gowan Executive Di | Officer | 40 | $46,608 |
Gene Adams Legal Adviso | Trustee | $0 | |
Buddy Agan Board Member | Trustee | $0 | |
Brooke Blackwood Treasurer | Trustee | $0 | |
George Bley President | Trustee | $0 | |
Jan Bradshaw Board Member | Trustee | $0 |
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 | $650,058 |
| Noncash contributions included in lines 1a–1f | $161,605 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $650,058 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,822 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,147,608 |
| 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. | $46,608 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $408,778 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,238 |
| Advertising and promotion | $5,754 |
| Office expenses | $46,923 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $222,180 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,231 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,322 |
| Insurance | $142,050 |
| All other expenses | $284,314 |
| Total functional expenses | $1,961,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564,510 |
| Savings and temporary cash investments | $39,610 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,776,414 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,380,534 |
| Accounts payable and accrued expenses | $1,977 |
| 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 | $537,202 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,214 |
| Total liabilities | $541,393 |
| Net assets without donor restrictions | $2,456,141 |
| Net assets with donor restrictions | $383,000 |
| 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 | $3,380,534 |