Betty Newman Residential Center Inc is located in Ocean Springs, MS. The organization was established in 1997. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Betty Newman Residential Center 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, Betty Newman Residential Center Inc generated $127.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $135.8k during the year ending 09/2022. While expenses have increased by 6.0% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDES HOUSING FOR THE ELDERLY AND DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT THROUGH AN AGREEMENT WITH THE DEPARTMENT OF HUD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dennis Salley Director | 0 | $0 | |
Wallace Carter Director | 0 | $0 | |
Hazel C Norton Director | 0 | $0 | |
John Allen Darnell Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $127,273 |
Membership dues | $0 |
Investment income | $27 |
Gain or Loss | -$209 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $127,091 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $33,573 |
Professional fees and other payments to independent contractors | $16,077 |
Occupancy, rent, utilities, and maintenance | $52,021 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $34,178 |
Total expenses | $135,849 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $9,445 |
Other assets | $0 |
Total assets | $375,423 |
Total liabilities | $16,779 |
Net assets or fund balances | $358,644 |
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