Mother Teresa Shelter Inc
- Assets
- $2.0m
- Revenue
- $819.5k
- Investments
- $283.6k
- Employees
- 10
- Location
- Corpus Christi, TX
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 74-3026147
Organization Overview
Mother Teresa Shelter Inc is located in Corpus Christi, TX. The organization was established in 1946. According to its NTEE Classification (P43) the organization is classified as: Family Violence Shelters, under the broad grouping of Human Services and related organizations. As of 06/2023, Mother Teresa Shelter Inc employed 10 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mother Teresa Shelter 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, Mother Teresa Shelter Inc generated $819.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $818.8k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPREHENSIVE, COMMUNITY-BASED OUTREACH SERVICES TO HOMELESS INDIVIDUALS AND FAMILIES, BY CREATING OPPORTUNITIES THAT WILL HELP BREAK THE CYCLE OF HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SHELTER AND COUNSELING FOR THE HOMELESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
FR Alfredo Villarreal Chaplain | Trustee | 0 | $0 |
Mike Lippincott President | OfficerTrustee | 0 | $0 |
Stephanie H Bottom Past President | OfficerTrustee | 0 | $0 |
Minnie Dennis Director | Trustee | 0 | $0 |
Bob Becquet Director | Trustee | 0 | $0 |
Arthur Haas 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 | $704,636 |
| Noncash contributions included in lines 1a–1f | $10,308 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $704,636 |
| Total Program Service Revenue | $82,616 |
| Investment income | $32,250 |
| 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 | $819,502 |
| 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 | $260,119 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $137,798 |
| Payroll taxes | $16,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,750 |
| Fees for services: Accounting | $52,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,888 |
| Advertising and promotion | $0 |
| Office expenses | $1,276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,652 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,431 |
| Insurance | $24,197 |
| All other expenses | $13,876 |
| Total functional expenses | $818,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,632 |
| Savings and temporary cash investments | $390,475 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,116,440 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $283,627 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,035,174 |
| Accounts payable and accrued expenses | $63,809 |
| Grants payable | $0 |
| Deferred revenue | $13,411 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $77,220 |
| Net assets without donor restrictions | $1,957,954 |
| 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 | $2,035,174 |