Oak City Cares Inc
- Assets
- $2.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 27
- Location
- Raleigh, NC
- Founding
- 02/2019
- Data as of
- 06/2023
- EIN
- 83-0826329
Organization Overview
Oak City Cares Inc is located in Raleigh, NC. The organization was established in 2019. 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 06/2023, Oak City Cares Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak City Cares 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 06/2023, Oak City Cares Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. 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
OAK CITY CARES, AN INDEPENDENT 501(C)(3) ORGANIZATION, IS THE OPERATOR AND COORDINATOR OF THE OAK CITY CARES MULTI-SERVICES HUB THAT BRINGS TOGETHER AN ARRAY OF WAKE COUNTY NON-PROFITS ENSURING THAT PEOPLE EXPERIENCING HOMELESSNESS GET ONSITE HELP AND SERVING AS A BRIDGE TO THE ONGOING RESOURCES THEY NEED. OAK CITY CARES, INC. DOES THIS BY CONNECTING THOSE AT RISK TO COORDINATED SERVICES THAT CREATE A PATH TO STABLE HOUSING AND RENEWED HOPE. DURING THE FISCAL YEAR ENDING JUNE 30, 2023, WE EXPERIENCED A 97% INCREASE IN THE NUMBER OF UNDUPLICATED PEOPLE COMING TO OAK CITY CARES FOR ASSISTANCE, AND A 62% INCREASE IN THE NUMBER OF SERVICES THAT WE PROVIDED WHEN COMPARED TO THE PRIOR FISCAL YEAR. ONE OF THE PRIMARY BARRIERS TO SECURING SAFE AND STABLE HOUSING IS THE LACK OF PREDICTABLE INCOME. SOAR (SSI/SSDI OUTREACH, ACCESS, AND RECOVERY) IS A NATIONAL PROGRAM THAT ASSISTS ELIGIBLE ADULTS WHO ARE HOMELESS OR AT RISK OF HOMELESSNESS WITH THE APPLICATION PROCESS FOR SSI/SSDI DISABILITY BENEF
Describe the Organization's Program Activity:
Part 3 - Line 4a
COORDINATED CARE PROGRAM: OAK CITY CARES' COORDINATED CARE PROGRAM SERVES AS A POINT OF ENTRY INTO HOMELESS AND HOUSING SERVICES FOR THOSE EXPERIENCING HOMELESSNESS AND HOUSING CRISES IN WAKE COUNTY. CARE COORDINATORS CONDUCT INTAKE ASSESSMENTS AND THEN CONNECT GUESTS TO EMERGENCY SHELTER, ONSITE MEDICAL AND BEHAVIORAL HEALTH PROVIDERS, MEDICAID AND SNAP BENEFITS, AND MANY MORE ONSITE SERVICES. THIS COORDINATED APPROACH AIMS TO MAKE HOMELESSNESS RARE, BRIEF, AND NON-RECURRING IN WAKE COUNTY. DURING THIS FISCAL YEAR, OAK CITY CARES PROVIDED A TOTAL OF 2020 CARE COORDINATION SERVICES.
WEEKEND MEALS PROGRAM: OAK CITY CARES SERVES ABOUT 1,000 MEALS EACH WEEKEND TO APPROXIMATELY 400 UNDUPLICATED INDIVIDUALS. MANY OF THESE INDIVIDUALS ARE EXPERIENCING HOMELESSNESS AND HAVE NO OTHER ACCESS TO FOOD/MEAL PROGRAMS DURING WEEKENDS, AND OTHERS ARE OUR COMMUNITY MEMBERS EXPERIENCING FOOD INSECURITY. DURING THIS FISCAL YEAR, OAK CITY CARES PROVIDED A TOTAL OF 45,522 MEALS.
BASIC NEEDS PROGRAM: GUESTS OF OAK CITY CARES ARE PROVIDED WITH ACCESS TO SHOWERS, LAUNDRY, A HOSPITALITY AREA WITH COFFEE, COMPUTERS, AND CELL PHONE CHARGING STATIONS. VOLUNTEERS PLAY IMPORTANT ROLES BY HELPING PEOPLE FEEL A SENSE OF CONNECTION TO A COMMUNITY, HELPING TO RENEW HOPE. THESE SERVICES ARE ESSENTIAL FOR THOSE EXPERIENCING HOMELESSNESS TO MOVE THEM ON THE PATHWAY TO HOUSING. DURING THIS FISCAL YEAR, OAK CITY CARES PROVIDED 10,333 SHOWER SERVICES AND 7,223 LAUNDRY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Johnson Executive Di | Officer | 40 | $104,013 |
Richard Miller-Haraway Chair | Trustee | 3 | $0 |
Tom Lindgren Vice Chair | Trustee | 2 | $0 |
Pablo Escobar Treasurer | Trustee | 3 | $0 |
Kimberly A Jones Secretary | Trustee | 2 | $0 |
Dr Brian Klausner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,372 |
| Related organizations | $0 |
| Government grants | $500,295 |
| All other contributions, gifts, grants, and similar amounts not included above | $779,462 |
| Noncash contributions included in lines 1a–1f | $152,370 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,322,129 |
| Total Program Service Revenue | $0 |
| Investment income | $6,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10 |
| Net Income from Fundraising Events | -$14,294 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,314,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $250,955 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,444 |
| Compensation of current officers, directors, key employees. | $23,345 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $600,050 |
| Pension plan accruals and contributions | $27,518 |
| Other employee benefits | $74,461 |
| Payroll taxes | $60,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,221 |
| Advertising and promotion | $0 |
| Office expenses | $14,631 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,684 |
| Travel | $17,714 |
| 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 | $43,249 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,419,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,547 |
| Savings and temporary cash investments | $1,452,670 |
| Pledges and grants receivable | $134,556 |
| Accounts receivable, net | $12,425 |
| 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 | $22,338 |
| Net Land, buildings, and equipment | $180,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,081,468 |
| Accounts payable and accrued expenses | $60,753 |
| 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 | $60,753 |
| Net assets without donor restrictions | $1,963,480 |
| Net assets with donor restrictions | $57,235 |
| 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 | $2,081,468 |