True Homes Foundation Inc
- Assets
- $2.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Monroe, NC
- Founding
- Data as of
- 12/2021
- EIN
- 82-2936594
Organization Overview
True Homes Foundation Inc is located in Monroe, NC. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. True Homes Foundation 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, True Homes Foundation Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $876.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, True Homes Foundation Inc has awarded 399 individual grants totaling $1,574,531. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
G David Cutherberston Board Chair | 0 | $0 | |
Mark W Boyce Vice President/secretary | 0 | $0 | |
Daniel Horner President | 0 | $0 | |
Steve Sweetser Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,698,447 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,698,447 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,437 |
| Total operating and administrative expenses | $3,437 |
| Contributions, gifts, grants paid | $872,628 |
| Total expenses and disbursements | $876,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,109,353 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $52,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $130,556 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,291,909 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, True Homes Foundation Inc has awarded $872,628 in support to 133 organizations.
| Grant Recipient | Amount |
|---|---|
Rock Hill, SC PURPOSE: HOME BUILT FOR CAMP CANAAN | $280,419 |
COMMUNITY LINK PURPOSE: HOME BUILT FOR COMMUNITY LINK | $269,900 |
NATIONAL HOUSING ENDOWMENT SCHOLARSHIP PURPOSE: GENERAL SUPPORT | $75,000 |
Monroe, NC PURPOSE: GENERAL SUPPORT | $50,000 |
MOMS MOVING FORWARDFREEDOM COMMUNITIES PURPOSE: GENERAL SUPPORT | $50,000 |
JOHN AND VERA MAE PERKINS FOUNDATION PURPOSE: GENERAL SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
E&ss Foundation Inc Atlanta, GA | $118,157,057 | $264,264,546 |
Durham Realty Inc Durham, NC | $66,578,409 | $21,835,955 |
Healthcare Georgia Foundation Inc Atlanta, GA | $145,422,542 | $18,331,596 |
Kanuga Endowment Inc Hendersonville, NC | $0 | $539,404 |
United Jewish Charities Of Greater Charlotte Inc Charlotte, NC | $8,151,447 | $4,750,352 |
Rally Foundation Inc Atlanta, GA | $9,445,133 | $7,328,050 |
Adira Foundation Richmond, VA | $46,085 | $190,912 |
Educational Facilities Corporationfor Lexington School District No 2 West Columbia, SC | $17,713,387 | $2,158,056 |
American Institute Of Certified Public Accountants Foundation Durham, NC | $13,346,405 | $1,363,179 |
New Vision Research Mt Pleasant, SC | $135,395 | $1,251,782 |
The Beirne Carter Foundation Richmond, VA | $25,189,504 | $3,003,577 |
The Triad Health Project Greensboro, NC | $661,078 | $1,457,249 |