Direction61 3
- Assets
- $2.3m
- Revenue
- $991.0k
- Investments
- $0.0
- Employees
- 10
- Location
- McKinney, TX
- Founding
- 04/2018
- Data as of
- 10/2023
- EIN
- 81-4392389
Organization Overview
Direction61 3 is located in McKinney, TX. The organization was established in 2018. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 10/2023, Direction61 3 employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Direction61 3 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 10/2023, Direction61 3 generated $991.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $963.4k during the year ending 10/2023. While expenses have increased by 33.9% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP AGING OUT FOSTER YOUTH THRIVE AS ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR ENDING OCTOBER 21, 2023 DIRECTION61:3 HAD THE FOLLOWING PROGRAM SERVICE ACCOMPLISHMENTS: -OPENED 2 NEW HOMES FOR BOYS -6 TOTAL HOMES PROVIDED -SERVED 40 YOUTH, 31 RESIDENTS AND 9 NON-RESIDENTS -7 YOUTH ATTENDED CAMP WOW (CHURCH CAMP) FOR THE FIRST TIME -5 YOUTH ACCEPTED CHRIST AND BAPTIZED -1 YOUTH ACCEPTED CHRIST AND PENDING BAPTISM -18 YOUTH ATTENDED CHURCH REGULARLY ON SUNDAY MORNINGS -5 YOUTH ATTENDING MID-WEEK CHURCH FUNCTIONS -2 YOUTH SERVING IN CHURCH LEADERSHIP ROLES -1 YOUTH NOW SERVING FULL-TIME ON STAFF WITH A LOCAL CHURCH -ALL YOUTH PASSED 2022 ACADEMIC SCHOOL YEAR -3 YOUTH GRADUATED HIGH SCHOOL -1 YOUTH RECEIVED GED -4 YOUTH ENROLLED IN HIGHER EDUCATION -1 YOUTH ON DEAN'S LIST AT COLLIN COLLEGE -2 YOUTH GRADUATED UNT -2 YOUTH RECEIVED DRIVERS PERMITS AND 5 YOUTH RECEIVED DRIVERS LICENSE -1 YOUTH RECEIVED A KINGDOM CAR, 3 YOUTH PENDING A KINGDOM CAR -1 YOUTH COMPLETED THE KINGDOM CARS PROGRAM -11 YOUTH ACQUIRED NEW JOBS -42 HOURS OF LIFE-SKILLS CLASSES TAUGHT TO EACH RESIDENT -1 YOUTH NOW IN STABLE MARRIAGE AND WORKING -2 YOUTHS TRANSITIONED TO INDEPEDENT LIVING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myron Wilson Executive Director | Officer | 55 | $47,101 |
Ronda Murray President | OfficerTrustee | 1.5 | $0 |
Susan Wilson Vice President | OfficerTrustee | 1 | $0 |
Jeffery Strickland Treasurer | OfficerTrustee | 4 | $0 |
James Hamilton Secretary | Trustee | 1 | $0 |
Bryan Moore Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $68,931 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $680,884 |
| Noncash contributions included in lines 1a–1f | $91,811 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $749,815 |
| Total Program Service Revenue | $197,213 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,200 |
| Net Income from Fundraising Events | $51,096 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $990,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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. | $103,800 |
| Compensation of current officers, directors, key employees. | $51,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $290,289 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,368 |
| Office expenses | $45,950 |
| Information technology | $8,161 |
| Royalties | $0 |
| Occupancy | $56,620 |
| Travel | $7,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,379 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,392 |
| Insurance | $4,618 |
| All other expenses | $0 |
| Total functional expenses | $963,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,945 |
| Savings and temporary cash investments | $1,537 |
| 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 | $15,880 |
| Prepaid expenses and deferred charges | $11,769 |
| Net Land, buildings, and equipment | $1,910,225 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $268,800 |
| Total assets | $2,256,156 |
| Accounts payable and accrued expenses | $23,686 |
| 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 | $1,107,707 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $268,800 |
| Total liabilities | $1,400,193 |
| Net assets without donor restrictions | $855,963 |
| 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 | $2,256,156 |