Souls Harbor Inc
- Assets
- $1.5m
- Revenue
- $944.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Dallas, TX
- Founding
- 01/1973
- Data as of
- 12/2021
- EIN
- 75-1190109
Organization Overview
Souls Harbor Inc is located in Dallas, TX. The organization was established in 1973. 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 12/2021, Souls Harbor Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Souls Harbor 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, Souls Harbor Inc generated $944.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $838.8k during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING AND REHABILITATION TO ASSIST INDIGENT, HOMELESS, LOCAL OR TRANSIENT MEN WHOSE BASIC PROBLEM IS ALCOHOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE PROVIDED FOOD, SHELTER, MEDICINE, CLOTHING AND REHABILITATION TO HOMELESS AND ALCOHOLIC MEN. THE FACILITIES PROVIDE FOR UP TO 65 MEN AT A TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Burmaster Executive Director | OfficerTrustee | 40 | $52,000 |
Roger Siverson Treasurer | OfficerTrustee | 1 | $0 |
Dennis O'hagan President | OfficerTrustee | 1 | $0 |
Michael Losawyer Board Member | Trustee | 1 | $0 |
Danny Wilson Board Member | Trustee | 1 | $0 |
John Boykin Board Member | Trustee | 1 | $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 | $339,890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $339,890 |
| Total Program Service Revenue | $50,975 |
| Investment income | $213 |
| 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 | $532,024 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $944,118 |
| 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. | $52,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,046 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,896 |
| Office expenses | $33,618 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $175,692 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,543 |
| Insurance | $49,801 |
| All other expenses | $337,194 |
| Total functional expenses | $838,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,184 |
| Savings and temporary cash investments | $3,323 |
| 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 | $4,942 |
| Net Land, buildings, and equipment | $891,065 |
| Investments—publicly traded securities | $335,992 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,457,506 |
| Accounts payable and accrued expenses | $16,524 |
| 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 | $221,950 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $238,474 |
| Net assets without donor restrictions | $1,219,032 |
| 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 | $1,457,506 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Souls Harbor Inc has recieved totaling $30,960.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $18,447 |
W P & Bulah Luse Foundation Dallas, TX PURPOSE: SUPPORT FOR CAPITAL | $10,000 |
First Eagle Investment Management Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Haven For Hope Of Bexar County San Antonio, TX | $88,179,557 | $28,550,181 |
Star Of Hope Mission Houston, TX | $82,904,713 | $27,561,115 |
Presbyterian Night Shelter Of Tarrant County Fort Worth, TX | $53,230,417 | $14,049,509 |
Heading Home Albuquerque, NM | $3,839,726 | $7,660,261 |
Family Gateway Inc Dallas, TX | $4,760,688 | $5,756,628 |
Promise House Inc Dallas, TX | $2,582,966 | $6,657,110 |
Tulsa Day Center Inc Tulsa, OK | $24,852,290 | $5,725,304 |
Homeless Alliance Oklahoma City, OK | $7,046,027 | $5,204,713 |
The Arlington Life Shelter Arlington, TX | $13,090,653 | $3,657,043 |
Dallas Mission For Life Inc Dallas, TX | $12,842,578 | $4,044,639 |
Housing Crisis Center Inc Dallas, TX | $949,775 | $3,183,683 |
Ozanam Inn New Orleans, LA | $7,390,510 | $3,165,767 |