Sherrys Place Inc
- Assets
- $600.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 27-3320174
Organization Overview
Sherrys Place Inc is located in Dallas, TX. The organization was established in 2015. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherrys Place 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, Sherrys Place Inc generated $127.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $127.3k during the year ending 12/2021. While expenses have increased by 18.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SHERRY'S PLACE IS A TRANSITIONAL BOARDING HOME FOR PEOPLE WITH DISABILITIES. HOUSING PEOPLE WHO ARE OTHERWISE UNABLE TO ATTAIN HOUSING DUE TO THEIR ILLNESS CAUSES THEM TO SUFFER FROM A RANGE OF MENTAL DISORDERS. SUCH AS SCHIZOPHRENIA AND BIPOLAR DISORDERS. THE BOARDING HOME IS LOCATED IN A LOW-INCOME AREA NEAR THE LOWER-INCOME AREA OF DALLAS TEXAS. PRESENTLY HOUSING 15-20 CLIENTS WITH A SECURE PLACE TO LIVE IN A CLEAN ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Annette Jemerson Treasurer | 40 | $0 | |
Konnan Dejohn Hill Vice-President | 0 | $0 | |
Michael Peters Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $790 |
| Total Program Service Revenue | $126,574 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $127,364 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,461 |
| Occupancy, rent, utilities, and maintenance | $98,142 |
| Printing, publications, postage, and shipping | $15 |
| Other expenses | $23,639 |
| Total expenses | $127,257 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $600 |
| Other assets | $0 |
| Total assets | $600 |
| Total liabilities | $0 |
| Net assets or fund balances | $600 |