Albany Rescue Mission Inc
- Assets
- $295.5k
- Revenue
- $581.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Albany, GA
- Founding
- 06/1990
- Data as of
- 12/2021
- EIN
- 58-1878316
Organization Overview
Albany Rescue Mission Inc is located in Albany, GA. The organization was established in 1990. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany Rescue Mission 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, Albany Rescue Mission Inc generated $581.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $570.8k during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SHELTER FOR TRANSIENTS & HOMELESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SHELTER FOR TRANSIENTS-HOMELESS
PROVIDE SHELTER/MEALS FOR HOMELESS
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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 | $551,327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $551,327 |
| Total Program Service Revenue | $30,235 |
| Investment income | $0 |
| 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 | $581,562 |
| 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 | $211,936 |
| Compensation of current officers, directors, key employees. | $58,300 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $6,778 |
| Other employee benefits | $0 |
| Payroll taxes | $4,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,530 |
| Office expenses | $27,239 |
| Information technology | $2,348 |
| Royalties | $0 |
| Occupancy | $179,801 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,992 |
| Insurance | $0 |
| All other expenses | $8,231 |
| Total functional expenses | $570,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,084 |
| Savings and temporary cash investments | $1,483 |
| 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 | $60 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $100,451 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,467 |
| Total assets | $295,545 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,992 |
| Total liabilities | $2,992 |
| Net assets without donor restrictions | $0 |
| 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 | $292,553 |
| Total liabilities and net assets/fund balances | $295,545 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Albany Rescue Mission Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Herbert And Marian Haley Foundation Albany, GA PURPOSE: PUBLIC CHARITY - OPERATING BUDGET | $2,000 |
W B Haley Foundation Inc Albany, GA PURPOSE: PUBLIC CHARITY-OPERATING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Knox Area Rescue Ministries Knoxville, TN | $20,292,191 | $22,883,471 |
Miami Rescur Mission Broward Outreach Centers Inc Miami, FL | $28,818,894 | $17,146,687 |
Nashville Rescue Mission Nashville, TN | $37,816,884 | $20,187,859 |
Lords Place Inc West Palm Beach, FL | $31,681,290 | $13,733,660 |
St Matthews House Inc Naples, FL | $47,342,847 | $18,573,834 |
Broward Partnership For The Homeless Inc Fort Lauderdale, FL | $11,825,164 | $15,103,298 |
Sundari Foundation Inc Miami Beach, FL | $10,261,561 | $14,225,346 |
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 |
Waterfront Rescue Mission Inc Pensacola, FL | $22,275,311 | $19,399,994 |
The Next Door Nashville, TN | $9,790,699 | $10,091,124 |
Downtown Rescue Mission Inc Huntsville, AL | $14,737,773 | $10,441,439 |