Homes By Tlc Inc
- Assets
- $16.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Lawrenceville, NJ
- Founding
- 11/1999
- Data as of
- 09/2021
- EIN
- 22-3660414
Organization Overview
Homes By Tlc Inc is located in Lawrenceville, NJ. The organization was established in 1999. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, 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. Homes By Tlc 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 09/2021, Homes By Tlc Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $1.3m during the year ending 09/2021. While expenses have increased by 2.4% per year over the past 6 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
PRODUCTION AND OPERATION OF PERMANENT AFFORDABLE HOUSING AND TRANSITIONAL LIVING FOR HOMELESS AND WORKING POOR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION AND OPERATION OF PERMANENT AFFORDABLE HOUSING AND TRANSITIONAL LIVING FOR HOMELESS AND WORKING POOR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Celia Murphree Bernstein Executive Director | Officer | 2 | $12,000 |
Barry J Freedman Treasurer | OfficerTrustee | 2 | $0 |
Martha Lamar Co-Chairperson | OfficerTrustee | 2 | $0 |
Ann Kosco Co-Chairperson | OfficerTrustee | 2 | $0 |
Leo Stinson Trustee | Trustee | 2 | $0 |
Mark Olinsky Trustee | Trustee | 2 | $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 | $1,435,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,435,534 |
| Total Program Service Revenue | $1,154,160 |
| Investment income | $453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$27,900 |
| 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 | $2,562,247 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,052 |
| Fees for services: Accounting | $18,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,323 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,824 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,693 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $332,204 |
| Insurance | $68,680 |
| All other expenses | $570 |
| Total functional expenses | $1,290,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,345 |
| Savings and temporary cash investments | $348,309 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,490 |
| 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 | $15,112,149 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $85,804 |
| Total assets | $16,018,097 |
| Accounts payable and accrued expenses | $47,064 |
| Grants payable | $0 |
| Deferred revenue | $24,667 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $76,651 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,275,683 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $750,000 |
| Total liabilities | $10,174,065 |
| Net assets without donor restrictions | $5,844,032 |
| 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 | $16,018,097 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Homes By Tlc Inc has recieved totaling $15,440.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $15,440 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ministry Of Caring Inc Wilmington, DE | $54,478,470 | $18,387,590 |
Crossroads Programs Inc Willingboro, NJ | $6,172,720 | $11,361,882 |
Washington City Mission Inc Washington, PA | $16,120,298 | $9,648,991 |
Sunday Breakfast Mission Inc Wilmington, DE | $4,993,821 | $9,441,519 |
Broadway Housing Communities Inc New York, NY | $14,007,162 | $9,859,889 |
Back On My Feet Philadelphia, PA | $5,878,607 | $7,836,795 |
Polish Community Center Of Buffalo Inc Buffalo, NY | $10,138,351 | $5,590,948 |
City Relief Inc Elizabeth, NJ | $1,018,296 | $4,807,003 |
Bronx Family Network Inc Yonkers, NY | $2,952,904 | $4,637,229 |
Homeless And Travelers Aid Society Albany, NY | $1,583,992 | $3,957,646 |
Feast Of Justice Ministries Philadelphia, PA | $565,886 | $3,316,458 |
Drueding Center Philadelphia, PA | $8,028,219 | $4,119,043 |