Dayspring Homes Inc
- Assets
- $5.7m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 76
- Location
- Shillington, PA
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 23-2622102
Organization Overview
Dayspring Homes Inc is located in Shillington, PA. The organization was established in 1946. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2023, Dayspring Homes Inc employed 76 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Dayspring Homes 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 06/2023, Dayspring Homes Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $3.6m during the year ending 06/2023. While expenses have increased by 4.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RESIDENTIAL, LIFE SHARING, DAY PROGRAM, HABILITATION, COMPANION AND RESPITE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED COMMUNITY HOME RESIDENTIAL ASSISTED LIVING FOR 18 INDIVIDUALS WITHIN A GROUP HOME SETTING AND LIFE SHARING SERVICES FOR 4 INDIVIDUALS WITHIN A FAMILY HOME SETTING. PROVIDED DAY PROGRAM SERVICES TO 24 INDIVIDUALS. PROVIDED ADDITIONAL INDIVIDUALIZED STAFFING 1 ON 1 FOR 2 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Minick Chairperson | OfficerTrustee | 1 | $0 |
Kevin Deacosta Vice Chairperson | OfficerTrustee | 1 | $0 |
Kevin Duncan Treasurer | OfficerTrustee | 1 | $0 |
Karen Cook ESQ Secretary | OfficerTrustee | 1 | $0 |
David Gallen Board Member | Trustee | 1 | $0 |
Father Dave Loeper Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,500 |
| Related organizations | $0 |
| Government grants | $1,023,261 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,043 |
| Noncash contributions included in lines 1a–1f | $5,273 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,108,804 |
| Total Program Service Revenue | $3,698,629 |
| Investment income | $15,435 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,940 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,829,309 |
| 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. | $108,150 |
| Compensation of current officers, directors, key employees. | $108,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,076,100 |
| Pension plan accruals and contributions | $18,436 |
| Other employee benefits | $423,833 |
| Payroll taxes | $161,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,203 |
| Fees for services: Accounting | $16,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $199,348 |
| Advertising and promotion | $31,634 |
| Office expenses | $65,877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,381 |
| Travel | $20,995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,435 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,802 |
| Insurance | $61,385 |
| All other expenses | $14,447 |
| Total functional expenses | $3,626,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,612,995 |
| Savings and temporary cash investments | $721,643 |
| Pledges and grants receivable | $616,514 |
| Accounts receivable, net | $809,606 |
| 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 | $11,531 |
| Net Land, buildings, and equipment | $899,803 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,794 |
| Total assets | $5,746,886 |
| Accounts payable and accrued expenses | $342,168 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $74,794 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $218,851 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $635,813 |
| Net assets without donor restrictions | $5,097,823 |
| Net assets with donor restrictions | $13,250 |
| 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 | $5,746,886 |