Peacock Legacy Of Hope
- Assets
- $866.3k
- Revenue
- $642.7k
- Investments
- $0.0
- Employees
- 2
- Location
- College Station, TX
- Founding
- Data as of
- 12/2022
- EIN
- 87-4008655
Organization Overview
Peacock Legacy Of Hope is located in College Station, TX. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Peacock Legacy Of Hope employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peacock Legacy Of Hope 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 12/2022, Peacock Legacy Of Hope generated $642.7k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED AND OPERATED TO MINISTER TO SINGLE MOTHERS IN CRISIS BY PROVIDING (I) CHRIST-LIKE ASSISTANCE, CARE, COMMUNITY, AND COUNSELING; (II) AFFORDABLE AND SAFE TEMPORARY HOUSING; AND (III) CHURCH FAMILY TO HELP WALK THROUGH THIS CHALLENGING SEASON OF THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEACOCK LEGACY OF HOPE (PLH) ACQUIRED A 7-ACRE PROPERTY FEATURING 4 HOUSING UNITS (2 SETS OF DUPLEXES), A NON-RESIDENTIAL BUILDING, AND A SHED. AFTER THE ACQUISITION OF THE PROPERTY AND BUILDINGS, SIGNIFICANT INFRASTRUCTURE ENHANCEMENTS WERE COMPLETED, INCLUDING THE INSTALLATION OF NEW FENCING, AN ENTRANCE GATE, A COMPREHENSIVE SECURITY CAMERA SYSTEM AND AN IRRIGATION SYSTEM FOR THE GRASS AND OTHER LANDSCAPING. THE HOUSING UNITS WERE RENOVATED AND FURNISHED IN PREPARATION FOR HOUSING SINGLE MOTHERS IN CRISIS WITH THEIR CHILDREN. CAPITAL EXPENDITURES WERE $570,377.
AFTER RENOVATIONS, ONE HOUSING UNIT BECAME THE RESIDENCE FOR A HOST FAMILY AND WE WELCOMED OUR TWO INAUGURAL SINGLE MOTHERS AND THEIR CHILDREN INTO THE OTHER REFURBISHED UNITS. THIS MARKED THE COMMENCEMENT OF OUR DEDICATED MINISTRY TO SINGLE FAMILIES AND THUS FULFILLING OUR ORGANIZATION'S MANDATE.
EACH SINGLE MOM SUPPORTED BY PEACOCK LEGACY OF HOPE IS CAREFULLY MATCHED WITH A MOMS HELPING MOMS (M&M) VOLUNTEER, WHO SERVES AS A DEDICATED MENTOR THROUGHOUT HER PARTICIPATION IN THE PROGRAM. THESE MENTORS PLAY A VITAL ROLE IN FOSTERING SELF-ESTEEM AND IDENTIFYING THE UNIQUE NEEDS OF EACH MOTHER WE SERVE. PEACOCK LEGACY OF HOPE ACTIVELY ENGAGES IN GOAL-SETTING, CAREER COUNSELING, AND ADDRESSING EDUCATIONAL ASPIRATIONS, AMONG OTHER PERSONALIZED NEEDS OF THE MOTHERS. IN ADDITION, WE ACTIVELY DEVELOP COMMUNITY RESOURCES ON AN ONGOING BASIS SO WE CAN PROVIDE OPTIMAL SUPPORT FOR THE MOTHERS INVOLVED IN OUR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ballard President & Director | OfficerTrustee | 3 | $0 |
Jeremiah Palmer Executive Director | Officer | 20 | $23,377 |
Charlene Heath Secretary & Director | OfficerTrustee | 2 | $0 |
Steve Hanson Treasurer & Director | OfficerTrustee | 10 | $0 |
Michael Downie Director | Trustee | 5 | $0 |
Matthew Ferguson Director | Trustee | 4 | $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 | $642,713 |
| Noncash contributions included in lines 1a–1f | $59,719 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $642,713 |
| Total Program Service Revenue | $0 |
| 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 | $642,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $660 |
| 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. | $32,500 |
| Compensation of current officers, directors, key employees. | $9,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,304 |
| Pension plan accruals and contributions | $1,500 |
| Other employee benefits | $2,486 |
| Payroll taxes | $176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,855 |
| 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 | $1,718 |
| Office expenses | $1,760 |
| Information technology | $1,277 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $300 |
| Interest | $7,907 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,874 |
| Insurance | $13,339 |
| All other expenses | $0 |
| Total functional expenses | $90,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,098 |
| Savings and temporary cash investments | $200,000 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $1,690 |
| Net Land, buildings, and equipment | $567,503 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $866,291 |
| Accounts payable and accrued expenses | $0 |
| 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 | $313,693 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $313,693 |
| Net assets without donor restrictions | $552,598 |
| 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 | $866,291 |