Monroe Harding Inc
- Assets
- $10.4m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 54
- Location
- Nashville, TN
- Founding
- 07/1950
- Data as of
- 06/2022
- EIN
- 62-0476670
Organization Overview
Monroe Harding Inc is located in Nashville, TN. The organization was established in 1950. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Monroe Harding Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe Harding 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 06/2022, Monroe Harding Inc generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $3.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SINCE 1893, MONROE HARDING CHANGES YOUNG PEOPLE'S LIVES. WE STEP IN AS A FAMILY, PROVIDING HOMES, HEALING, AND OPPORTUNITIES THAT ARE VITAL TO HELPING YOUNG PEOPLE SUCCEED RANGING FROM BIRTH TO AGE 26.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONROE HARDING'S FOSTER CARE PROGRAM PROVIDES CHILDREN IN STATE CUSTODY WITH SAFE, TRAUMA-INFORMED CARE HOMES WHILE THEY AWAIT PERMANENCY, EITHER THROUGH REUNIFICATION WITH BIRTH FAMILY OR ADOPTION. MH BEGINS BY IDENTIFYING AND RECRUITING FOSTER CARE FAMILIES AND ASSISTING THEM IN OFFERING HEALING HOMES THROUGH FAMILY AND GROUP OPPORTUNITIES SUPPORTING THE FOSTER & BIRTH FAMILIES TO DETERMINE THE YOUTH'S BEST OPTIONS FOR SUCCESSFUL GROWTH. SPECIFIC OUTCOMES INCLUDE YOUTH MEETING, INDIVIDUAL GOALS AND EXPERIENCING GROWTH AND SATISFACTION WITHIN A NEW & SUPPORTIVE ENVIRONMENT. IN FY2022, WE SERVED 80 YOUNG PEOPLE IN OUR 40 FOSTER HOMES.
OPPORTUNITY NOW REENGAGEMENT HUB / MENTAL HEALTH PROGRAMS
MONROE HARDING'S SUPPORTIVE HOUSING SERVICES PROVIDES SAFE, AFFORDABLE HOUSING AND THERAPEUTIC SERVICES FOR YOUTH (AGE 18-26), WHO WOULD OTHERWISE BE HOMELESS, AS THEY HEAL FROM PAST TRAUMA. SERVICES INCLUDE MENTAL HEALTH SERVICES, OPPORTUNITIES FOR POST-HIGH SCHOOL EDUCATION, SHORT-TERM AND LONG-TERM GOAL SETTING, AND PARTICIPATION IN SUPPLEMENTAL PROGRAMS AS THEY PLAN A JOURNEY TO SELF-SUFFICIENCY. SPECIFIC OUTCOMES INCLUDE SATISFACTION AS WELL AS YOUTH MEETING INDIVIDUAL GOALS. IN FY2022, MONROE HARDING SERVED 79 YOUNG ADULTS.
MONROE HARDING'S YOUTH CONNECTIONS RESOURCE CENTER PROVIDES VULNERABLE YOUNG ADULTS (AGE 16 - 26) A SAFE SPACE AND OPPORTUNITIES TO DISCOVER AND CREATE A SELF-DETERMINED FUTURE. WE PROVIDE THERAPEUTIC SERVICES, FINANCIAL LITERACY CLASSES, EDUCATIONAL SUPPORT, SEXUAL HEALTH EDUCATION, COMMUNITY RESOURCE CONNECTION, PARENTING CLASSES AND WORKFORCE DEVELOPMENT SERVICES FOR YOUNG ADULTS. YOUTH ARE ASSISTED IN CHOOSING CAREERS AND FURTHER EDUCATION, NOT JUST JOBS. IN FY2022, YOUTH CONNECTIONS SERVED 354 YOUNG ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Popen Fmr. Preside | 40 | $167,363 | |
Pamela Madison CEO | Officer | 40 | $78,425 |
Deidre Matthews VP Finance & | Trustee | 40 | $72,718 |
Margie Arnold Member | Trustee | 1 | $0 |
Brian Berry Member | Trustee | 1 | $0 |
Kanishka Biddanda Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $552,869 |
| All other contributions, gifts, grants, and similar amounts not included above | $308,527 |
| Noncash contributions included in lines 1a–1f | $55,815 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $861,396 |
| Total Program Service Revenue | $2,303,936 |
| Investment income | $219,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,388,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $201,105 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,143 |
| Compensation of current officers, directors, key employees. | $6,046 |
| Compensation to disqualified persons | $167,363 |
| Other salaries and wages | $1,501,481 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $274,500 |
| Payroll taxes | $135,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29 |
| Fees for services: Accounting | $57,939 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,010 |
| Advertising and promotion | $9,831 |
| Office expenses | $10,877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $356,017 |
| Travel | $17,092 |
| 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 | $14,096 |
| Insurance | $45,954 |
| All other expenses | $0 |
| Total functional expenses | $3,714,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,650 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,550 |
| Accounts receivable, net | $322,410 |
| 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 | $58,179 |
| Net Land, buildings, and equipment | $38,504 |
| Investments—publicly traded securities | $8,587,706 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $830,929 |
| Total assets | $10,409,928 |
| Accounts payable and accrued expenses | $72,287 |
| Grants payable | $0 |
| Deferred revenue | $29,500 |
| 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 | $159,522 |
| Total liabilities | $261,309 |
| Net assets without donor restrictions | $9,096,713 |
| Net assets with donor restrictions | $1,051,906 |
| 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 | $10,409,928 |