Faith Mission Home Inc
- Assets
- $3.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 93
- Location
- Free Union, VA
- Founding
- 04/2013
- Data as of
- 12/2021
- EIN
- 59-0797087
Organization Overview
Faith Mission Home Inc is located in Free Union, VA. The organization was established in 2013. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2021, Faith Mission Home Inc employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Mission 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 12/2021, Faith Mission Home Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 2.4% 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
FAITH MISSION HOME'S EXEMPT PURPOSE IS TO CREATE A FACILITY FOR INTELLECTUALLY DISABLED INDIVIDUALS. THE OPERATIONS OF THE HOME ARE SUPPORTED PRIMARILY THROUGH TUITION, SALES OF VARIOUS GOODS PRODUCED AND RAISED, AND CONTRIBUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A FACILITY FOR INTELLECTUALLY DISABLED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Martin Secretary/treasurer | Officer | 45 | $27,420 |
Hosea Troyer President | Officer | 45 | $21,824 |
Tom Yoder Vice President Starting 7/21 | Officer | 45 | $13,184 |
Howard Eichorn Vice President Through 6/21 | Officer | 45 | $11,944 |
Rodger Byers Chairman | Trustee | 0.5 | $0 |
Jonas Beiler Trustee/director | Trustee | 0 | $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 | $176,508 |
| Noncash contributions included in lines 1a–1f | $10,559 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,508 |
| Total Program Service Revenue | $927,974 |
| Investment income | $19,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,600 |
| Net Gain/Loss on Asset Sales | $1,846 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $155,798 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,340,074 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200 |
| 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. | $74,372 |
| Compensation of current officers, directors, key employees. | $16,452 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,607 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,161 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,208 |
| Office expenses | $10,848 |
| Information technology | $1,800 |
| Royalties | $0 |
| Occupancy | $201,066 |
| Travel | $675 |
| 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 | $104,877 |
| Insurance | $32,194 |
| All other expenses | $159,499 |
| Total functional expenses | $1,276,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,755 |
| Savings and temporary cash investments | $1,114,717 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,393 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $68,367 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,451,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,235,106 |
| Accounts payable and accrued expenses | $53,692 |
| Grants payable | $0 |
| Deferred revenue | $86,431 |
| 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 | $0 |
| Total liabilities | $140,123 |
| Net assets without donor restrictions | $3,094,983 |
| 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 | $3,235,106 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Faith Mission Home Inc has recieved totaling $44,030.
| Awarding Organization | Amount |
|---|---|
Adelman Family Foundation Free Union, VA PURPOSE: GENERAL OPERATIONS | $20,000 |
Anabaptist Foundation Lewisburg, PA PURPOSE: Operations | $12,275 |
Constance Dundas Foundation Richmond, VA PURPOSE: PROVIDE HOUSING | $5,000 |
Lind Lawrence Foundation Glen Allen, VA PURPOSE: GENERAL OPERATING FUND | $5,000 |
Denton Family Charitable Foundation Ltd Harrisonburg, VA PURPOSE: ASSIST SPECIAL NEEDS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $755 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Josephs Villa Richmond, VA | $27,428,777 | $22,658,558 |
Second Family Inc Landover, MD | $8,336,293 | $18,458,422 |
Creative Options Inc Rosedale, MD | $5,912,268 | $18,062,060 |
Developmental Services Of Dickson County Dickson, TN | $11,323,972 | $14,070,114 |
Our Lady Of Hope Health Center Inc Roanoke, VA | $20,100,998 | $16,173,779 |
Boys And Girls Home Of North Carolina Inc Lake Waccamaw, NC | $27,444,905 | $18,368,279 |
Progress Unlimited Inc Owings Mills, MD | $6,943,028 | $14,017,942 |
Elk Hill Farm Inc Goochland, VA | $8,024,424 | $11,816,534 |
Presbyterian Homes & Family Services Inc Lynchburg, VA | $44,827,588 | $11,019,660 |
Insight Incentive For Normal Social Interaction-Group Home Today Inc Woodbridge, VA | $13,170,657 | $11,222,553 |
Ralph Scott Lifeservices Inc Burlington, NC | $9,602,091 | $12,832,538 |
Bayside Community Network Inc Elkton, MD | $9,618,980 | $11,506,154 |