Matthew 25 Center
- Assets
- $233.4k
- Revenue
- $31.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Burgaw, NC
- Founding
- 11/2004
- Data as of
- 12/2021
- EIN
- 20-0969784
Organization Overview
Matthew 25 Center is located in Burgaw, NC. The organization was established in 2004. According to its NTEE Classification (L30) the organization is classified as: Housing Search Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Matthew 25 Center employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matthew 25 Center 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, Matthew 25 Center generated $31.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $23.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 7 years. 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
MINISTERING TO FAMILIES OF PRISONERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FREE HOUSING TO FAMILY MEMBERS OF INMATES ENCARCERATED IN PRISONS IN SOUTHEAST NC. SERVICES PROVIDED INCLUDED ACCOMODATIONS IN PRIVATE BEDROOMS, A CONTINENTAL BREAKFAST AND INFORMATION ABOUT VISITATION POLICIES AT THE VARIOUS PRISONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Baucom Presidenttreasurertrustee | OfficerTrustee | 5 | $0 |
Jill Lacour Vice President | Officer | 3 | $0 |
Judy Siko Secretary | Officer | 1 | $0 |
Nghiem Tran Director | Trustee | 20 | $0 |
Debi Creech Trustee | Trustee | 0 | $0 |
Phong Tran Director | Trustee | 20 | $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 | $31,021 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,021 |
| 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 | $31,089 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $225 |
| 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 | $0 |
| Office expenses | $546 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,651 |
| Travel | $0 |
| 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 | $7,234 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $23,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,456 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $205,908 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $233,364 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $233,364 |
| Total liabilities and net assets/fund balances | $233,364 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Matthew 25 Center has recieved totaling $2,022.
| Awarding Organization | Amount |
|---|---|
Carlton C & Lynell A Martin Family Foundation Godwin, NC PURPOSE: GENERAL FUND | $1,000 |
Jimmy Woodard Garrell Foundation Whiteville, NC PURPOSE: IN SUPPORT OF ANOTHER CHARITY | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franklin Housing Collaborative Franklin, TN | $5,842,273 | $1,198,317 |
Military Housing And Lodging Institute Leesburg, VA | $1,941,869 | $1,690,527 |
Housing Tonight Inc Atlanta, GA | $0 | $341,734 |
Oaksatl Community Development Incorporated Atlanta, GA | $4,055,029 | $1,078,348 |
Ucc Living Center Incorporated Chapel Hill, NC | $899,428 | $311,216 |
Blue Ridge Housing Network Inc Front Royal, VA | $1,011,561 | $266,512 |
Soque River Watershed Association Inc Clarkesville, GA | $215,852 | $191,996 |
Atlanta Real Estate Collaborative Inc Atlanta, GA | $0 | $168,150 |
Brookhaven Housing Corporation Columbia, SC | $520,986 | $135,153 |
Matthew 25 Center Burgaw, NC | $233,364 | $31,089 |
Herotrust Fliphero Inc Clarksville, TN | $238,682 | $0 |
Jubilee House Ministries Beaufort, SC | $579 | $0 |