The Restoration Team
- Assets
- $320.5k
- Revenue
- $795.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Houston, TX
- Founding
- 10/2019
- Data as of
- 12/2023
- EIN
- 83-2427982
Organization Overview
The Restoration Team is located in Houston, TX. The organization was established in 2019. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2023, Restoration Team employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restoration Team 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 12/2023, Restoration Team generated $795.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.7% each year . All expenses for the organization totaled $889.9k during the year ending 12/2023. 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
ASSIST FAMILIES IN HOUSTON AREA RECOVERING FROM HURRICANES/FLOODS/ OTHER NATURAL DISASTERS. REPAIRING HOMES TO A SAFE AND FUNCTIONAL CONDITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLEMENTAL ASSISTANCE PROVIDED TO FAMILIES WHOSE HOMES WERE DAMAGED IN HURRICANES, FLOODS OR OTHER NATURAL DISASTERS, PRIMARILY FOCUSING ON BRINGING THE DAMAGED HOMES TO A FUNCTIONAL LIVING CONDITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Pardue Board Chair | OfficerTrustee | 1 | $0 |
Tom Comstock Vice Chair | OfficerTrustee | 1 | $0 |
Allyn Risley Secretary | OfficerTrustee | 1 | $0 |
Suzanne Harter Member | Trustee | 1 | $0 |
Mark Houser Member At Large | Trustee | 1 | $0 |
Mike Palmer Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Houston Plumbing Services Plumbing For Multiple Hou | 12/30/21 | $295,636 |
Star Remodeling General Contractor | 12/30/21 | $58,030 |
Monarch Roofing Roofer | 12/30/21 | $46,294 |
Service First Construction General Constru Roof Flo | 12/30/21 | $123,954 |
Rbg Services Llc General Contractor | 12/30/21 | $40,524 |
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 | $793,055 |
| Noncash contributions included in lines 1a–1f | $154,292 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $793,055 |
| Total Program Service Revenue | $0 |
| Investment income | $2,355 |
| 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 | $795,410 |
| 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. | $63,846 |
| Compensation of current officers, directors, key employees. | $15,962 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,344 |
| Payroll taxes | $23,643 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,501 |
| Advertising and promotion | $2,031 |
| Office expenses | $2,276 |
| Information technology | $1,055 |
| Royalties | $0 |
| Occupancy | $24,800 |
| Travel | $7,724 |
| 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 | $5,859 |
| Insurance | $19,668 |
| All other expenses | $132,499 |
| Total functional expenses | $889,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,603 |
| Savings and temporary cash investments | $103,417 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,320 |
| 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 | $888 |
| Net Land, buildings, and equipment | $26,934 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,372 |
| Total assets | $320,534 |
| Accounts payable and accrued expenses | $8,038 |
| 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 | $8,038 |
| Net assets without donor restrictions | $273,186 |
| Net assets with donor restrictions | $39,310 |
| 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 | $320,534 |