Refugee Welcome Corporation
- Assets
- $284.8k
- Revenue
- $321.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 07/2016
- Data as of
- 12/2021
- EIN
- 81-2233661
Organization Overview
Refugee Welcome Corporation is located in Albany, NY. The organization was established in 2016. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, 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. Refugee Welcome Corporation 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, Refugee Welcome Corporation generated $321.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $347.4k during the year ending 12/2021. 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
TO PROVIDE AFFORDIBLE HOUSING, FUNDING, EDUCATIONAL AND ADAPTIVE RESOURCES FOR REFUGEES ARRIVING IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDIBLE HOUSING,FUNDING, EDUCATIONAL AND ADAPTIVE RESOURCES FOR REFUGEES ARRIVING IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy L Doherty Director | Officer | 40 | $20,000 |
Kay A Bauman President | Officer | 20 | $0 |
Allison Schaeffing Secretary | Officer | 10 | $0 |
Charles T Kriss Treasurer | Officer | 10 | $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 | $93,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,848 |
| Total Program Service Revenue | $227,590 |
| Investment income | $28 |
| 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 | $321,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,305 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $27,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,676 |
| Office expenses | $3,631 |
| Information technology | $0 |
| Royalties | $38,844 |
| Occupancy | $0 |
| Travel | $12 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,556 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,467 |
| Insurance | $4,455 |
| All other expenses | $0 |
| Total functional expenses | $347,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,412 |
| Savings and temporary cash investments | $0 |
| 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 | $171,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $284,794 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $99,700 |
| 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 | $38,025 |
| Unsecured mortgages and notes payable | $28,350 |
| Other liabilities | $1,525 |
| Total liabilities | $167,600 |
| Net assets without donor restrictions | $117,194 |
| 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 | $284,794 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Refugee Welcome Corporation has recieved totaling $150,250.
| Awarding Organization | Amount |
|---|---|
Carl E Touhey Foundation Albany, NY PURPOSE: HELP CONNECT INDIVIDUALS AND FAMILIES WITH SUPPORT SERVICES, RESOURSES AND SAFE HOUSING. ALSO ADVOCATES FOR EDUCATION AND OTHER SKILL-BUILDING OPPORTUNITIES THAT CONTRIBUTE TO THE PERSONAL SUCCESS AND SELF-SUFFICIENCY OF REFUGEES, AS THEY REBUILD THEIR LIFE AND ADJUST TO THE DIVERSE AREAS | $100,000 |
The Community Foundation For The Greater Capital Region Inc Albany, NY PURPOSE: FOR PATH TO ENTREPRENEURSHIP AMONG REFUGEES | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $20,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Massachusetts Housing Alliance Inc Worcester, MA | $6,603,285 | $21,612,482 |
Bishop Sheen Ecumenical Housing Foundation Inc Rochester, NY | $14,472,701 | $5,581,680 |
Long Island Housing Partnership Inc Hauppauge, NY | $11,769,661 | $6,179,842 |
New England Automated Clearing House Association Burlington, MA | $4,284,125 | $3,571,181 |
Watch Inc Waltham, MA | $959,789 | $1,104,680 |
Cny Fair Housing Inc Syracuse, NY | $339,528 | $1,036,616 |
Houses New York Inc New York, NY | $211,117 | $727,783 |
Fair Housing Development Fund Corp Glen Cove, NY | $1,303,259 | $721,335 |
Home Builders League Of South Jersey Cherry Hill, NJ | $1,104,259 | $579,396 |
Cnyc Inc New York, NY | $213,962 | $488,836 |
Refugee Welcome Corporation Albany, NY | $284,794 | $321,466 |
Crawford County Coalition On Housing Needs Inc Meadville, PA | $654,926 | $244,715 |