Credence Village Inc
- Assets
- $66.0k
- Revenue
- $334.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Katy, TX
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 82-4544818
Organization Overview
Credence Village Inc is located in Katy, TX. The organization was established in 2019. According to its NTEE Classification (P31) the organization is classified as: Adoption, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Credence Village 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, Credence Village Inc generated $334.9k in total revenue. All expenses for the organization totaled $317.1k during the year ending 12/2021. While expenses have increased by 64.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A SENSE OF COMMUNITY AND A SAFE AND NURTURING HOME ENVIRONMENT FOR ABUSED AND NEGLECTED CHILDREN BY PROVIDING QUALITY COMPREHENSIVE THERAPEUTIC SERVICES TO FOSTER POSITIVE SELF-ESTEEM AND RELATIONAL HEALING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREDENCE VILLAGE HAS PROVIDED TEMPORARY LIVING ARRANGEMENTS FOR ABUSED AND NEGLECTED INFANTS AND CHILDREN NEEDING A SAFE PLACE TO LIVE. WE HAVE PROVIDED FOSTER PARENT TRAINING TO LICENSE PARENTS TO PROVIDE A LOVING NURTURING AND SUPPORTIVE HOME ENVIRONMENT FOR THESE CHILDREN. ADDITIONALLY CREDENCE VILLAGE HAS ENSURED THESE CHILDREN RECEIVE SERVICES TO ADDRESS THEIR PHYSICAL MENTAL SOCIAL AND EMOTIONAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonia Starwood Secretary | Officer | 1 | $0 |
Noelle Turner CEO | Officer | 40 | $0 |
Eric Edwards Director | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $334,859 |
| Investment income | $0 |
| 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 | $334,859 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,350 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,874 |
| Office expenses | $3,166 |
| Information technology | $8,640 |
| Royalties | $0 |
| Occupancy | $19,385 |
| Travel | $2,313 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,804 |
| Interest | $0 |
| Payments to affiliates | $18,180 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,741 |
| All other expenses | $7,924 |
| Total functional expenses | $317,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,963 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,993 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $65,956 |
| Accounts payable and accrued expenses | $18,369 |
| 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 | $18,369 |
| Net assets without donor restrictions | $47,587 |
| 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 | $65,956 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Covenant Kids Inc Arlington, TX | $7,459,056 | $25,298,802 |
Gladney Center For Adoption Fort Worth, TX | $15,144,634 | $9,546,259 |
Miracle Foundation Inc Austin, TX | $3,952,092 | $3,731,836 |
Spaulding For Children Houston, TX | $1,803,441 | $3,566,009 |
Hope Cottage Inc Dallas, TX | $9,768,014 | $1,826,021 |
Both Ends Believing Inc Plano, TX | $1,721,695 | $2,343,528 |
Dillon International Inc Tulsa, OK | $738,849 | $1,457,400 |
Shared Beginnings Fayetteville, AR | $298,271 | $1,175,777 |
Family To Family Adoption Services Inc Richmond, TX | $107,112 | $870,385 |
Adoption Alliance San Antonio, TX | $2,559,916 | $841,559 |
Decolores Adoptions International Lake Charles, LA | $430,653 | $810,458 |
Abba Fund Inc Plano, TX | $3,396,798 | $695,056 |