Carying Place Incorporated
- Assets
- $2.8m
- Revenue
- $949.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Cary, NC
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 58-2425452
Organization Overview
Carying Place Incorporated is located in Cary, NC. The organization was established in 1999. 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 12/2021, Carying Place Incorporated employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carying Place 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 12/2021, Carying Place Incorporated generated $949.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $537.7k during the year ending 12/2021. While expenses have increased by 9.2% 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
TEACHING HOMELESS WORKING FAMILIES WITH CHILDREN LIFE SKILLS FOR ATTAINING INDEPENDENT LIVING WHILE PROVIDING SHORT-TERM HOUSING AND SUPPORT SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CARYING PLACE'S (TCP) 16-WEEK LIFE SKILLS AND SHORT-TERM TRANSITIONAL HOUSING PROGRAM HELPS HOMELESS, WORKING FAMILIES MAKE THE TRANSITION TO ADEQUATE PERMANENT HOUSING AND SELF-SUFFICIENCY. WE SERVE ABOUT 30 FAMILIES A YEAR WITH AN AVERAGE OF 2-3 CHILDREN PER FAMILY. THEY LIVE RENT AND UTILITY-FREE WHILE IN A TCP-OWNED PROPERTY. TCP IS THE ONLY LIFE SKILLS TRAINING AND SHORT TERM TRANSITIONAL HOUSING PROGRAM IN CARY AND WESTERN WAKE COUNTY. OUR PROGRAM GOAL IS TO PREPARE FAMILIES FOR POST-PROGRAM HOUSING AND TO IMPROVE THEIR ABILITY TO PAY ALL OF THEIR NECESSARY LIVING EXPENSES. FAMILIES ARE ALSO ENCOURAGED TO MAINTAIN SAVINGS FOR EMERGENCIES (MEDICAL CARE, CAR REPAIRS, ETC.). JUST AS IMPORTANT, FAMILIES DEVELOP THE PLANS AND SELF-CONFIDENCE NEEDED TO SUSTAIN THEIR HOUSING AND NEW LIFE SKILLS LONG-TERM. OUR PROGRAM MANAGER MATCHES TRAINED ADULT SUPPORT TEAM AND CARING SPONSOR VOLUNTEERS WITH PROGRAM PARTICIPANTS TO TEACH AND CELEBRATE PROGRESS IN FINANCIAL MANAGEMENT, PLANNING SKILLS, AND INDEPENDENT HOUSING ATTAINMENT. THESE VOLUNTEERS MEET WITH THEIR FAMILY WEEKLY AND FOCUS ON BUDGETING, GOAL SETTING, RESOURCE LINKING, AND TIME MANAGEMENT. PARTICIPANTS REPORT WEEKLY SPENDING, ACCOMPLISHMENTS, AND CHALLENGES AND THEN CREATE NEW GOALS AND A PLANNED BUDGET TO HELP GUIDE THEM IN SUBSEQUENT WEEKS. WE EMPLOY ABOUT 300 VOLUNTEERS INCLUDING THE ONES MENTIONED ABOVE, PROPERTY VOLUNTEERS, OFFICE VOLUNTEERS, EVENT VOLUNTEERS, BOARD VOLUNTEERS AND VARIOUS VOLUNTEER GROUPS. TCP ALSO PROVIDES A WEEKLY CHILDREN'S PROGRAM WITH STAFF AND VOLUNTEERS THAT OFFER LIFE ENRICHMENT ACTIVITIES TO THE CHILDREN IN OUR FAMILIES. CHILDREN'S PROGRAM OFFERS RESOURCES SUCH AS ACCESS TO CHILDCARE, EDUCATIONAL IMPROVEMENT, EXTRACURRICULAR/FUN SKILL BUILDING ACTIVITIES. WE ALSO PROVIDE ONGOING LIFE SKILLS INFORMATION AND MORAL SUPPORT TO ABOUT 25 DIFFERENT GRADUATE FAMILIES ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Hendricks Vice President Of Operations & Programs | Officer | 50 | $118,150 |
Leslie Covington Executive Director | Officer | 50 | $76,780 |
Suzanne Jeska Vice President | OfficerTrustee | 1 | $0 |
Frank Frischauf President | OfficerTrustee | 2 | $0 |
Sue Reyer Treasurer | OfficerTrustee | 2 | $0 |
Justin Booth Past President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,140 |
| Membership dues | $0 |
| Fundraising events | $213,502 |
| Related organizations | $0 |
| Government grants | $334,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $431,843 |
| Noncash contributions included in lines 1a–1f | $35,269 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $980,685 |
| Total Program Service Revenue | $3,276 |
| Investment income | $11,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$358 |
| Net Gain/Loss on Asset Sales | $12,229 |
| Net Income from Fundraising Events | -$57,836 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $949,912 |
| 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. | $194,930 |
| Compensation of current officers, directors, key employees. | $70,395 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,570 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,876 |
| Payroll taxes | $28,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,457 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,904 |
| Advertising and promotion | $12,578 |
| Office expenses | $17,331 |
| Information technology | $1,351 |
| Royalties | $0 |
| Occupancy | $73,103 |
| Travel | $1,719 |
| 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 | $33,354 |
| Insurance | $14,720 |
| All other expenses | $24,475 |
| Total functional expenses | $537,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,955 |
| Savings and temporary cash investments | $133,922 |
| Pledges and grants receivable | $57,269 |
| Accounts receivable, net | $302,661 |
| 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 | $9,579 |
| Net Land, buildings, and equipment | $1,185,198 |
| Investments—publicly traded securities | $735,679 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $81,419 |
| Other assets | $39,116 |
| Total assets | $2,838,798 |
| Accounts payable and accrued expenses | $39,598 |
| 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 | $19,078 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,341 |
| Total liabilities | $121,017 |
| Net assets without donor restrictions | $2,020,197 |
| Net assets with donor restrictions | $697,584 |
| 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 | $2,838,798 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Carying Place Incorporated has recieved totaling $80,526.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $26,500 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: HUMAN SERVICES | $20,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $15,050 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $7,075 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,901 |
Calvin And Kelly Carter Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $617,903 |
| Ending Balance | $617,903 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Knox Area Rescue Ministries Knoxville, TN | $20,292,191 | $22,883,471 |
Nashville Rescue Mission Nashville, TN | $37,816,884 | $20,187,859 |
Forkids Inc Chesapeake, VA | $30,389,970 | $15,557,559 |
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 |
New Hope Housing Inc Alexandria, VA | $4,724,081 | $13,222,867 |
The Next Door Nashville, TN | $9,790,699 | $10,091,124 |
24 7 Gateway Llc Atlanta, GA | $7,682,013 | $8,328,341 |
Partners For Home Inc Atlanta, GA | $5,368,701 | $9,349,512 |
Homeward Bound Of Western North Carolina Inc Asheville, NC | $7,613,383 | $7,947,393 |
Good Shepherd Ministries Of Wilmington Inc Wilmington, NC | $5,944,318 | $5,829,683 |
Caritas Richmond, VA | $20,735,460 | $5,144,634 |