Goodwill Homes Community Services Inc
- Assets
- $2.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 20
- Location
- Memphis, TN
- Founding
- 05/1960
- Data as of
- 06/2023
- EIN
- 62-0611545
Organization Overview
Goodwill Homes Community Services Inc is located in Memphis, TN. The organization was established in 1960. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Goodwill Homes Community Services Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Homes Community Services 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 06/2023, Goodwill Homes Community Services Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COMPREHENSIVE HUMAN SERVICES FOR THE TOTAL FAMILY
Describe the Organization's Program Activity:
GERIATRIC CARE/SENIOR CENTER DAY CARE, RECREATION AND EDUCATION FOR PERSONS 55 AND OLDER
EARLY HEAD START EDUCATION PROGRAM FOR CHILDREN AGED 6 WEEKS TO 35 MONTHS NONE EARLY HEAD START
LEVEL II CONTINUUM THERAPY SERVICES FOR DEPENDENT AND NEGLECTED CHILDREN
FOSTER CARE RESIDENTIAL CARE FOR DEPENDENT AND NEGLECTED CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Bearman Treasurer | OfficerTrustee | 4 | $0 |
Cheryl Bingham Board Member | Trustee | 1 | $0 |
Adrian Jones Board Member | Trustee | 1 | $0 |
Marsha Burt Vice President | OfficerTrustee | 1 | $0 |
Pamela Webster Board Member | Trustee | 1 | $0 |
Sheila Pounder Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $152,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,595,803 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,324 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,781,127 |
| Total Program Service Revenue | $0 |
| Investment income | $6,059 |
| 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 | $1,853,548 |
| 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. | $131,591 |
| Compensation of current officers, directors, key employees. | $131,591 |
| Compensation to disqualified persons | $444,614 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $127,032 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $422,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $174,226 |
| Travel | $5,590 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $238 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,563 |
| Insurance | $119,694 |
| All other expenses | $0 |
| Total functional expenses | $1,575,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,154,176 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $170,114 |
| Accounts receivable, net | $19,060 |
| 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 | $637,933 |
| Investments—publicly traded securities | $350 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,981,633 |
| Accounts payable and accrued expenses | $119,906 |
| 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 | $22,202 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $142,108 |
| Net assets without donor restrictions | $1,834,635 |
| Net assets with donor restrictions | $4,890 |
| 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 | $1,981,633 |