New Pilgrim Homes Inc
- Assets
- $4.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 09/1979
- Data as of
- 09/2022
- EIN
- 63-0767346
Organization Overview
New Pilgrim Homes Inc is located in Birmingham, AL. The organization was established in 1979. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Pilgrim 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 09/2022, New Pilgrim Homes Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 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 09/2022. While expenses have increased by 1.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME ELDERLY INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING FOR THE ELDERLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pearl Coleman Secretary | Officer | $0 | |
Lynn Battle President | Officer | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,672,401 |
| Investment income | $242 |
| 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 | $1,672,643 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,349 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,798 |
| Fees for services: Management | $85,104 |
| Fees for services: Legal | $14,565 |
| Fees for services: Accounting | $13,404 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,209 |
| Office expenses | $55,622 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $336,669 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $282 |
| Interest | $236,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,371 |
| Insurance | $94,378 |
| All other expenses | $44,857 |
| Total functional expenses | $1,559,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554 |
| Savings and temporary cash investments | $34,585 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,265 |
| 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 | $42,531 |
| Net Land, buildings, and equipment | $2,879,953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $291,292 |
| Other assets | $777,510 |
| Total assets | $4,030,690 |
| Accounts payable and accrued expenses | $94,336 |
| Grants payable | $0 |
| Deferred revenue | $2,212 |
| 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 | $5,709,733 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,585 |
| Total liabilities | $5,840,866 |
| Net assets without donor restrictions | -$1,810,176 |
| 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 | $4,030,690 |
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|---|---|---|
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Open Doors Homeless Coalition Gulfport, MS | $1,664,435 | $10,386,178 |
Chambliss Center For Children Chattanooga, TN | $13,773,339 | $7,553,657 |
Southeast Alabama Community Action Partnership Inc Enterprise, AL | $872,465 | $5,704,500 |
Covenant House Georgia Inc Atlanta, GA | $22,755,199 | $6,304,494 |
Florida Apartment Association Inc Orlando, FL | $2,248,938 | $5,209,574 |
Monroe Harding Inc Nashville, TN | $12,177,860 | $4,360,503 |
Grace House Inc Jackson, MS | $769,142 | $3,149,309 |
Cornerstone Christian Center Of Homestead Florida Inc Cutler Bay, FL | $348,385 | $3,241,114 |
Melvin J & Claire Levine Jewish Residential & Fmly Srvc Of Palm Be West Palm Beach, FL | $1,927,835 | $2,953,195 |
One Roof Birmingham, AL | $634,868 | $2,365,347 |
Pinellas Affordable Living Inc St Petersburg, FL | $23,875,454 | $1,660,928 |