St Matthews House Inc
- Assets
- $55.0m
- Revenue
- $43.7m
- Investments
- $3.2m
- Employees
- 469
- Location
- Naples, FL
- Founding
- 03/2002
- Data as of
- 06/2023
- EIN
- 65-1110501
Organization Overview
St Matthews House Inc is located in Naples, FL. The organization was established in 2002. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, St Matthews House Inc employed 469 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Matthews House 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, St Matthews House Inc generated $43.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $41.2m during the year ending 06/2023. While expenses have increased by 21.9% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMFORT FOR THOSE EXPERIENCING ADDICTION AND SUFFERING
Describe the Organization's Program Activity:
ST. MATTHEW'S HOUSE, INC. COMBATS HUNGER, HOMELESSNESS, AND ADDICTION IN THE COMMUNITY BY OPERATING EMERGENCY AND TRANSITIONAL HOUSING, FEEDING MINISTRIES AND SUBSTANCE ABUSE RECOVERY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick H Fumo Chairman | OfficerTrustee | 9 | $0 |
Michael T Duke Vice Chairman | OfficerTrustee | 9 | $0 |
Richard E Grows Treasurer | OfficerTrustee | 9 | $0 |
Mimi S Scofield Secretary | OfficerTrustee | 9 | $0 |
Bradley A Ament Board Member | Trustee | 2 | $0 |
Kirt Anderson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,116,694 |
| Related organizations | $0 |
| Government grants | $149,083 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,666,559 |
| Noncash contributions included in lines 1a–1f | $21,611,682 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,932,336 |
| Total Program Service Revenue | $296,212 |
| Investment income | $43,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $441,328 |
| Net Gain/Loss on Asset Sales | $1,838 |
| Net Income from Fundraising Events | -$239,472 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,832,976 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,737,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,517,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $553,613 |
| Compensation of current officers, directors, key employees. | $90,011 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,467,552 |
| Pension plan accruals and contributions | $190,958 |
| Other employee benefits | $1,470,726 |
| Payroll taxes | $1,059,307 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,917 |
| Fees for services: Accounting | $44,909 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $207,828 |
| Fees for services: Investment Management | $11,158 |
| Fees for services: Other | $161,986 |
| Advertising and promotion | $900,340 |
| Office expenses | $1,484,087 |
| Information technology | $570,581 |
| Royalties | $0 |
| Occupancy | $3,900,199 |
| Travel | $874,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $160,286 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,619,459 |
| Insurance | $441,679 |
| All other expenses | $31,672 |
| Total functional expenses | $41,155,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,572,617 |
| Savings and temporary cash investments | $228,371 |
| Pledges and grants receivable | $63,399 |
| Accounts receivable, net | $10,870 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $918,557 |
| Prepaid expenses and deferred charges | $532,509 |
| Net Land, buildings, and equipment | $35,410,403 |
| Investments—publicly traded securities | $1,704,811 |
| Investments—other securities | $3,247,255 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,356,248 |
| Total assets | $55,045,040 |
| Accounts payable and accrued expenses | $2,272,818 |
| Grants payable | $0 |
| Deferred revenue | $59,008 |
| 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 | $4,167,093 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,102,176 |
| Total liabilities | $10,601,095 |
| Net assets without donor restrictions | $44,340,447 |
| Net assets with donor restrictions | $103,498 |
| 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 | $55,045,040 |