Matthew 25 Incorporated
- Assets
- $117.8k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 25
- Location
- Nashville, TN
- Founding
- 09/1986
- Data as of
- 06/2023
- EIN
- 58-1673641
Organization Overview
Matthew 25 Incorporated is located in Nashville, TN. The organization was established in 1986. 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 06/2023, Matthew 25 Incorporated employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matthew 25 Incorporated 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, Matthew 25 Incorporated generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 8.4% 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
WE ARE DETERMINED TO ALLEVIATE HOMELESSNESS BY PROVIDING THE RESOURCES FOR MEN TO BUILD A FOUNDATION ON WHICH THEY CAN TRANSITION TO SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSITIONAL HOUSING PROGRAM FOR INDIVIDUALS & VETERANS: MATTHEW 25, IN COOPERATION WITH THE DEPARTMENT OF VETERANS AFFAIRS ("VA"), VA HOMELESS SERVICES, THE SUBSTANCE ABUSE TREATMENT PROGRAM, AND VARIOUS ADDITIONAL VA, EMPLOYMENT, AND COMMUNITY SERVICE AGENCIES, HAS A PROGRAM IN PLACE TO ASSIST HOMELESS INDIVIDUALS AND VETERANS INCREASE SELF SUFFICIENCY, FOSTER SELF DETERMINATION, AND ACHIEVE RESIDENTIAL STABILITY. OUR SERVICE- INTENSIVE TRANSITIONAL HOUSING PROGRAM OFFERS MEN COMPREHENSIVE SUPPORTIVE SERVICES THAT ENABLE THEM TO RETURN TO INDEPENDENT LIVING AND OBTAIN EMPLOYMENT. CONTINUED ON SCHEDULE O...
PROGRESSIVE HOUSING: OUR PROGRESSIVE HOUSING PROGRAM IS BUILT FOR MEN WHO HAVE COMPLETED A TRANSITIONAL HOUSING PROGRAM, BUT MAY NOT BE READY FOR COMPLETELY INDEPENDENT LIVING. WHILE NOT AS INTENSIVE OR STRUCTURED AS OUR TRANSITIONAL PROGRAM, PROGRESSIVE HOUSING OFFERS MEN ASSISTANCE AND GUARDRAILS TO STAY ON TRACK AS THEY MOVE TOWARDS THE GOAL OF PERMANENT HOUSING. THIS IS AN IDEAL PROGRAM FOR MEN WHO 1) ARE DOING WELL IN RECOVERY, BUT FEEL THEY CAN STILL BENEFIT FROM A SMALL DEGREE OF STRUCTURE AND ACCOUNTABILITY, OR 2) HAVE A SIGNIFICANT BARRIER TO HOUSING SUCH AS AN EVICTION OR FELONY, AND COULD BENEFIT FROM CASE MANAGEMENT TO HELP WORK THROUGH THESE ISSUES. CONTINUED ON SCHEDULE O...
AFTERCARE CASE MANAGEMENT: OUR AFTERCARE CASE MANAGEMENT PROGRAM IS FOR VETERANS WHO WERE PREVIOUSLY HOMELESS & ARE TRANSITIONING INTO PERMANENT HOUSING FROM PROGRAMS SUCH AS GRANT PER DIEM OR THE VA'S HEALTHCARE FOR HOMELESS VETERANS CONTRACTED RESIDENTIAL SERVICES PROGRAM. WE ALSO ACCEPT & ASSIST VETERANS WHO ARE COMING FROM NON-VA TRANSITIONAL HOUSING PROGRAMS. THIS PROGRAM AIMS TO IMPROVE RETENTION OF HOUSING BY PROVIDING VETERANS WITH INDIVIDUALIZED CASE MANAGEMENT, PROVIDING KNOWLEDGE, REFERRALS & OTHER COMPONENTS TO HELP THE VETERAN THRIVE ONCE HOUSING IS SECURED. MEN RECEIVE HOME VISITS AT LEAST ONCE EVERY THREE MONTHS, AS WELL AS EDUCATION IN FINANCE AND BUDGETING, TENANT RIGHTS AND LEASE AGREEMENTS, & MEAL/FOOD SECURITY PLANNING. 13 VETERANS SERVED DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James P Ward Executive Di | Officer | 40 | $100,000 |
Steve Castle President | OfficerTrustee | 1 | $0 |
Michael O'neill Vice Preside | OfficerTrustee | 1 | $0 |
Chad Jones Secretary | OfficerTrustee | 1 | $0 |
Kris Miller Treasurer | OfficerTrustee | 1 | $0 |
Dick Fleming Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,275 |
| Related organizations | $0 |
| Government grants | $671,143 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,537 |
| Noncash contributions included in lines 1a–1f | $29,230 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,023,955 |
| Total Program Service Revenue | $91,841 |
| Investment income | $59 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$80 |
| Net Income from Fundraising Events | -$6,060 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,109,715 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $5,309 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $546,770 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,510 |
| Payroll taxes | $56,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,868 |
| Advertising and promotion | $7,376 |
| Office expenses | $20,834 |
| Information technology | $30,947 |
| Royalties | $0 |
| Occupancy | $89,452 |
| Travel | $4,729 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,396 |
| Interest | $3,677 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,172 |
| Insurance | $26,548 |
| All other expenses | $0 |
| Total functional expenses | $1,160,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,442 |
| Savings and temporary cash investments | $4,855 |
| Pledges and grants receivable | $69,359 |
| 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 | $38,170 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,826 |
| Accounts payable and accrued expenses | $38,959 |
| Grants payable | $0 |
| Deferred revenue | $29,718 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $39,973 |
| Secured mortgages and notes payable | $22,491 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,901 |
| Total liabilities | $141,042 |
| Net assets without donor restrictions | -$23,216 |
| 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 | $117,826 |