Legacy Iii Inc
- Assets
- $1.2m
- Revenue
- $841.6k
- Investments
- $0.0
- Employees
- 17
- Location
- Akron, OH
- Founding
- 06/1996
- Data as of
- 12/2022
- EIN
- 34-1824527
Organization Overview
Legacy Iii Inc is located in Akron, OH. The organization was established in 1996. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Legacy Iii Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Iii 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 12/2022, Legacy Iii Inc generated $841.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $868.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEGACY III EXISTS TO PROVIDE SUPPORTIVE HOUSING SERVICES TO HOMELESS WOMEN IN SUMMIT COUNTY WHO ARE RECOVERING FROM CHRONIC SUBSTANCE ABUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TRANSITIONAL HOUSING SERVICES TO 76 HOMELESS WOMEN IN SUMMIT COUNTY WHO ARE RECOVERING FROM CHRONIC SUBSTANCE ABUSE. 45 OF THOSE WOMEN HAD EXITED THE PROGRAM AT DECEMBER 31, 2021. OF THOSE 44 WOMEN 98% MAINTAINED THEIR SOBRIETY AND 90% MOVED IN TO PERMANENT HOUSING.
PROVIDED RENTAL SUBSIDIES AND SUPPORTIVE SERVICES TO 28 HOMELESS WOMEN IN SUMMIT COUNTY, OHIO WHO ARE EARLY IN THE PROCESS OF THEIR RECOVERY FROM ALCOHOL AND/OR DRUG ABUSE AND WHO DO NOT QUALIFY FOR SUBSIDIZED HOUSING BECUASE OF PRIOR CRIMINAL CONVICTIONS. 5 OF THOSE WOMEN HAD EXITED THE PROGRAM AT DECEMBER 31, 2021. OF THAT 4 WOMEN, 80% MAINTAINED THEIR SOBRIERY AND 100% REMAINED IN THEIR UNIT/APARTMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darnella Cummings CEO | Officer | 40 | $130,777 |
Tracy Coble Director | Trustee | 1 | $0 |
Latonia Hamilton Dirrctor | Trustee | 1 | $0 |
Loretta Harland Director | Trustee | 1 | $0 |
Christopher Kaboth Treasurer | OfficerTrustee | 1 | $0 |
Charles Short Sr Vice Preside | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $42,983 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $730,174 |
| Noncash contributions included in lines 1a–1f | $12,261 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $773,157 |
| Total Program Service Revenue | $65,600 |
| Investment income | $169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,306 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $841,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $192,966 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,777 |
| Compensation of current officers, directors, key employees. | $87,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $333,390 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,741 |
| Payroll taxes | $38,912 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,800 |
| Fees for services: Accounting | $16,462 |
| 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 | $7,017 |
| Information technology | $6,796 |
| Royalties | $0 |
| Occupancy | $48,002 |
| Travel | $2,279 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $240 |
| Interest | $4,346 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,965 |
| Insurance | $11,111 |
| All other expenses | $0 |
| Total functional expenses | $868,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,077 |
| Savings and temporary cash investments | $349,941 |
| Pledges and grants receivable | $108,949 |
| 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 | $2,037 |
| Net Land, buildings, and equipment | $662,699 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,647 |
| Total assets | $1,221,350 |
| Accounts payable and accrued expenses | $44,910 |
| Grants payable | $0 |
| Deferred revenue | $1,692 |
| 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 | $234,731 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $281,333 |
| Net assets without donor restrictions | $940,017 |
| 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 | $1,221,350 |