Inn Dwelling
- Assets
- $768.3k
- Revenue
- $449.9k
- Investments
- $0.0
- Employees
- 12
- Location
- Philadelphia, PA
- Founding
- 09/1983
- Data as of
- 06/2023
- EIN
- 23-2173051
Organization Overview
Inn Dwelling is located in Philadelphia, PA. The organization was established in 1983. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Inn Dwelling employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inn Dwelling 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, Inn Dwelling generated $449.9k 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 (5.6%) each year. All expenses for the organization totaled $436.9k 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
PROVIDING ACCELERATED EDUCATIONAL OPPORTUNITIES FOR SMART BUT UNDERPRIVILEGED CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENOVATE HOUSES IN POOR AREA OF PHILADELPHIA AND RENT THEM TO LOW INCOME PEOPLE AT BELOW MARKET RATES. INN DWELLING ALSO PROVIDES SOCIAL SERVICES TO FAMILIES
RENOVATE HOUSES IN POOR AREA OF PHILADELPHIA AND RENT THEM TO LOW INCOME PEOPLE AT BELOW MARKET RATES. INN DWELLING ALSO PROVIDES SOCIAL SERVICES TO FAMILIES
INN DWELLING PROVIDES SCHOLARSHIP MONEY AND AFTER SCHOOL TUTORING TO BRIGHT, UNDERPRIVILEGED CHILDREN. INN DWELLING RAISES MONEY FROM INDIVIDUALS AND FOUNDATIONS IN ORDER TO PROVIDE THESE SCHOLARSHIPS AND THIS INTENSIVE COUNSELLING TO YOUNG STUDENTS TO ALLOW THEM TO ATTEND PRIVATE GRADE SCHOOLS AND HIGH SCHOOLS WHICH GIVES THEM THE TOOLS TO ATTEND COLLEGE AND EVEN OBTAIN ADDITIONAL SCHOLARSHIPS FOR COLLEGE.
INN DWELLING PROVIDES SCHOLARSHIP MONEY AND AFTER SCHOOL TUTORING TO BRIGHT, UNDERPRIVILEGED CHILDREN. INN DWELLING RAISES MONEY FROM INDIVIDUALS AND FOUNDATIONS IN ORDER TO PROVIDE THESE SCHOLARSHIPS AND THIS INTENSIVE COUNSELLING TO YOUNG STUDENTS TO ALLOW THEM TO ATTEND PRIVATE GRADE SCHOOLS AND HIGH SCHOOLS WHICH GIVES THEM THE TOOLS TO ATTEND COLLEGE AND EVEN OBTAIN ADDITIONAL SCHOLARSHIPS FOR COLLEGE.
INN DWELLING ALSO CONDUCTS A YOUTH INITIATIVE PROGRAM TO HELP YOUNG PEOPLE OBTAIN COUNSELLING AND ALSO CONDUCTS A SUMMER PROGRAM FOR YOUNG CHILDREN TO PROVIDE THEM WITH LEARING AND SOCIAL ACTIVITIES DURING THE SUMMER WHICH GIVES THEM CONSTRUCTIVE THINGS TO DO AND KEEPS THEM OUT OF TROUBLE.
INN DWELLING ALSO CONDUCTS A YOUTH INITIATIVE PROGRAM TO HELP YOUNG PEOPLE OBTAIN COUNSELLING AND ALSO CONDUCTS A SUMMER PROGRAM FOR YOUNG CHILDREN TO PROVIDE THEM WITH LEARING AND SOCIAL ACTIVITIES DURING THE SUMMER WHICH GIVES THEM CONSTRUCTIVE THINGS TO DO AND KEEPS THEM OUT OF TROUBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brother Alfred Smith Director | Trustee | 50 | $0 |
Sr Rosemarie Jefferson Vice President/director | OfficerTrustee | 50 | $0 |
Edward Buchanan Director | Trustee | 0 | $0 |
John Murphy Director/treasurer | Trustee | 0 | $0 |
Frank Torrisi Director | Trustee | 0 | $0 |
Philip Hughes Director/president | Trustee | 8 | $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 | $380,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $380,893 |
| Total Program Service Revenue | $61,082 |
| Investment income | $7,943 |
| 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 | $449,918 |
| 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 | $177,951 |
| Pension plan accruals and contributions | $6,000 |
| Other employee benefits | $8,500 |
| Payroll taxes | $9,749 |
| 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 | $6,222 |
| Information technology | $4,720 |
| Royalties | $0 |
| Occupancy | $5,000 |
| 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 | $2,988 |
| Insurance | $22,048 |
| All other expenses | $29,779 |
| Total functional expenses | $436,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $706,455 |
| 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 | $5,475 |
| Investments—publicly traded securities | $40,360 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,026 |
| Total assets | $768,316 |
| 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 | $9,174 |
| Total liabilities | $9,174 |
| 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 | $759,142 |
| Total liabilities and net assets/fund balances | $768,316 |