Serenity Pointe Inc
- Assets
- $2.5m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 73
- Location
- Dunlap, TN
- Founding
- 10/2008
- Data as of
- 12/2021
- EIN
- 26-2381813
Organization Overview
Serenity Pointe Inc is located in Dunlap, TN. The organization was established in 2008. 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 12/2021, Serenity Pointe Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Serenity Pointe 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 12/2021, Serenity Pointe Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 12.9% per year over the past 7 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
TO PROVIDE OUTREACH AND LIFE RECOVERY OPTIONS IN RURAL TENNESSEE THROUGH A "HAND UP, NOT HAND OUT" APPROACH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THRIFT STORE - OPERATED BY THE ORGANIZATION, MERCHANDISE SUPPLIED BY THE GENEROUSE DONATIONS OF THE COMMUNITY. REAL ESTATE INVESTMENT TRANSACTIONS TO PROVIDE INCOME AND TO BUILD AN OUTREACH BUILDING FOR OTHER NONPROFIT ACTIVITIES
AFFORDABLE HOME PROGRAM - FUNDED BY THE NEIGHBORHOOD STRABILAZATION PROGRAM; FORECLOSED PROPERTIES ARE PURCHASED AND REDEVELOPED THEN PROVIDED AS AFFORDABLE HOUSING. INDIVIDUALS THAT MEET CERTAIN CRITERIA ARE ELIGIBLE TO RENT THESE AFFORDABLE HOMES THUS REDUCING THE HOMELESS POPULATION AND HELPING THE LESS FORTUNATE.
OUTREACH MINISTRIES AND HOMELESS PREVENTION - COUNSELING, CLOTHING, FOOD, LIFE SKILLS CLASSES, RENT AND UTILITES ASSITANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Burdette Vice President | OfficerTrustee | 40 | $35,680 |
Debbie V Morrison President | OfficerTrustee | 40 | $5,077 |
D Gerald Morrison Vice President | OfficerTrustee | 40 | $0 |
Michael Weedman Member | OfficerTrustee | 1 | $0 |
Gary Lange Member | Trustee | 1 | $0 |
Johnathan Morrison Member | Trustee | 1 | $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 | $1,218,486 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,218,486 |
| Total Program Service Revenue | $2,732,142 |
| Investment income | $3,906 |
| 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 | $4,102,577 |
| 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. | $40,757 |
| Compensation of current officers, directors, key employees. | $40,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $450,797 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $41,794 |
| 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 | $13,273 |
| Advertising and promotion | $15,266 |
| Office expenses | $3,687 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,870 |
| Travel | $5,403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,751 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,264 |
| Insurance | $28,374 |
| All other expenses | $154,260 |
| Total functional expenses | $3,946,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,956 |
| 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 | $7,444 |
| Inventories for sale or use | $64,544 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,716,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $328,101 |
| Total assets | $2,490,170 |
| Accounts payable and accrued expenses | $67,451 |
| 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 | $776,360 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $110,631 |
| Total liabilities | $954,442 |
| Net assets without donor restrictions | $1,535,728 |
| 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 | $2,490,170 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Serenity Pointe Inc has recieved totaling $38.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Southern University Housing Foundation Inc Statesboro, GA | $249,175,255 | $10,373,698 |
Appalachian Student Housing Corporation Boone, NC | $99,024,525 | $6,456,684 |
Bloom Our Youth Inc Fayetteville, GA | $3,984,539 | $4,314,160 |
Serenity Pointe Inc Dunlap, TN | $2,490,170 | $4,102,577 |
Greenpointe Regional Housing Inc Dunn, NC | $10,308,542 | $2,284,690 |
Open Table Of Nashville Inc Nashville, TN | $444,222 | $1,157,501 |
Rainbow Village Inc Duluth, GA | $9,090,525 | $2,152,472 |
Sheffield Place Kansas City, MO | $4,172,612 | $2,183,282 |
Covenant Recovery Inc Pine Bluff, AR | $956,380 | $1,711,087 |
Veterans Life Center Raleigh, NC | $1,727,706 | $1,329,274 |
The Wellhouse Odenville, AL | $7,523,032 | $3,587,896 |
True Purpose Ministries Maryville, TN | $2,038,433 | $1,219,633 |