Belonging To Each Other Inc is located in Falmouth, MA. The organization was established in 2017. 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 05/2022, Belonging To Each Other Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belonging To Each Other 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 05/2022, Belonging To Each Other Inc generated $217.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $219.5k during the year ending 05/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING TEMPORARY HOUSING AND LOVING SUPPORT TO PERSONS EXPERIENCING HOMELESSNESS IN FALMOUTH, MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES TEMPORARY HOUSING, FOOD, TRANSPORTATION AND INTERNET SERVICE FOR MEN AND WOMEN EXPERIENCING HOMELESSNESS IN FALMOUTH AND TO ASSIST THEM TO IDENTIFY MORE STABLE HOUSING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lynn O'neill Board Chair | OfficerTrustee | 10 | $0 |
Christina Williams Vice Chair | OfficerTrustee | 10 | $0 |
Daniel Persechini Treasurer | OfficerTrustee | 10 | $0 |
Gina Torielli Executive Director | Officer | 30 | $0 |
Paula Cherubini Beckerle Director | Trustee | 2 | $0 |
Merrill Blum Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $17,231 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $205,870 |
Noncash contributions included in lines 1a–1f | $3,390 |
Total Revenue from Contributions, Gifts, Grants & Similar | $223,101 |
Total Program Service Revenue | $0 |
Investment income | $33 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$5,740 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $217,394 |
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. | $70,724 |
Compensation of current officers, directors, key employees. | $26,147 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $37,679 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $10,054 |
Fees for services: Management | $711 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $10,184 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $78 |
Office expenses | $6,272 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $8,011 |
Travel | $9,604 |
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 | $0 |
Insurance | $4,163 |
All other expenses | $1,586 |
Total functional expenses | $219,527 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $30,546 |
Savings and temporary cash investments | $138,040 |
Pledges and grants receivable | $25,000 |
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 | $6,084 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,200 |
Total assets | $202,870 |
Accounts payable and accrued expenses | $7,630 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $7,630 |
Net assets without donor restrictions | $195,240 |
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 | $202,870 |
Over the last fiscal year, we have identified 1 grants that Belonging To Each Other Inc has recieved totaling $8,750.
Awarding Organization | Amount |
---|---|
Marthas Vineyard Bank Charitable Foundation Inc Edgartown, MA PURPOSE: EXEMPT PURPOSE | $8,750 |
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