Aldersgate Homes Inc
- Assets
- $726.2k
- Revenue
- $86.7k
- Investments
- $199.7k
- Employees
- 3
- Location
- Duluth, GA
- Founding
- 10/1974
- Data as of
- 12/2023
- EIN
- 58-1972534
Organization Overview
Aldersgate Homes Inc is located in Duluth, GA. The organization was established in 1974. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Aldersgate Homes Inc employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Aldersgate Homes 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 12/2023, Aldersgate Homes Inc generated $86.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $150.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OUTDOOR RECREATIONAL OPPORTUNITIES FOR DEVELOPMENTALLY DISABLED ADULTS AND MOBILITY IMPAIRED ADULTS AND CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE OUTDOOR RECREATIONAL OPPORTUNITIES TO APPROXIMATELY 100 DEVELOPMENTALLY DISABLED OR MOBILITY DISABLED ADULTS.
PROVIDE A RESIDENTIAL HOME AND RENT ASSISTANCE FOR TWO DEVELOPMENTALLY DISABLED ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Crouch Director | Trustee | 1 | $0 |
Whitney Brown Director | Trustee | 0 | $0 |
Mary Alice Collier Director | Trustee | 0 | $0 |
Rev Scott Parrish Director | Trustee | 1 | $0 |
Bobby Jones Director | Trustee | 1 | $0 |
Rev Whitney Hair Director | Trustee | 1 | $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 | $65,200 |
| Noncash contributions included in lines 1a–1f | $6,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,200 |
| Total Program Service Revenue | $20,300 |
| Investment income | $1,221 |
| 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 | $86,721 |
| 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. | $33,776 |
| Compensation of current officers, directors, key employees. | $10,174 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,682 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,085 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $2,008 |
| Royalties | $0 |
| Occupancy | $21,769 |
| 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 | $20,401 |
| Insurance | $18,431 |
| All other expenses | $3,319 |
| Total functional expenses | $150,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,672 |
| Savings and temporary cash investments | $0 |
| 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 | $473,778 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $199,735 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $726,185 |
| Accounts payable and accrued expenses | $99 |
| 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 | $2,156 |
| Total liabilities | $2,255 |
| Net assets without donor restrictions | $723,930 |
| 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 | $726,185 |