Beacon Harbor It Inc
- Assets
- $193.9k
- Revenue
- $159.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwood, MS
- Founding
- 01/1985
- Data as of
- 12/2021
- EIN
- 64-0702223
Organization Overview
Beacon Harbor It Inc is located in Greenwood, MS. The organization was established in 1985. According to its NTEE Classification (L24) the organization is classified as: Independent Housing for People with Disabilities, 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. Beacon Harbor It 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, Beacon Harbor It Inc generated $159.6k 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 (7.0%) each year. All expenses for the organization totaled $200.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING FOR HANDICAPPED PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
APARTMENT COMPLEX COMPRISING 12 RESIDENTIAL UNITS PROVIDING HOUSING FOR THE HANDICAPPED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Walker Sturdivant President | Officer | 0 | $0 |
Mrs Sharon Boler Secretary | Officer | 0 | $0 |
Rhyine Long Vice President | Officer | 0 | $0 |
William Fitts Treasurer | Officer | 0 | $0 |
Mr John Pittman Assistant Secretary | Officer | 0 | $0 |
Mrs Jean Hodges 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $159,357 |
| Investment income | $239 |
| 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 | $159,596 |
| 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 | $101,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,970 |
| 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 | $710 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $956 |
| Interest | $10,727 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,330 |
| Insurance | $6,309 |
| All other expenses | $0 |
| Total functional expenses | $200,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $817 |
| Savings and temporary cash investments | $81,447 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,219 |
| Net Land, buildings, and equipment | $108,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $193,850 |
| Accounts payable and accrued expenses | $45,158 |
| 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 | $107,324 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,368 |
| Total liabilities | $153,850 |
| Net assets without donor restrictions | $0 |
| 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 | $40,000 |
| Total liabilities and net assets/fund balances | $193,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eagles Nest Transistional Living Inc Old Hickory, TN | $198,374 | $616,396 |
Northeast Mental Health Housing Inc Memphis, TN | $313,941 | $259,341 |
Shelby Oaks Housing Inc Memphis, TN | $348,849 | $205,780 |
Wesley Murray Meadow Inc Cordova, TN | $1,901,336 | $188,712 |
Genesco Long Term Disability Income Protection Plan Nashville, TN | $1,861,213 | $450,907 |
Louisiana Disabled Persons Housing Corporation Shreveport, LA | $391,861 | $300,303 |
Beacon Harbor It Inc Greenwood, MS | $193,850 | $159,596 |
Northeast Housing Inc Memphis, TN | $586,268 | $363,265 |
Valley Housing Inc Russellville, AR | $237,602 | $0 |
Hope Haven Inc Kingston, TN | $1,376,662 | $134,474 |
River Heights Apartments Inc Jackson, MS | $292,535 | $0 |
Rds Housing Development Corporation No 1 Oak Ridge, TN | $113,259 | $0 |