Social Resources Incorporated
- Assets
- $2.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 89
- Location
- Macomb Township, MI
- Founding
- 10/1974
- Data as of
- 09/2023
- EIN
- 38-2049152
Organization Overview
Social Resources Incorporated is located in Macomb Township, MI. The organization was established in 1974. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 09/2023, Social Resources Incorporated employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Resources Incorporated 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 09/2023, Social Resources Incorporated generated $1.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $1.6m during the year ending 09/2023. While expenses have increased by 6.4% per year over the past 4 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
SOCIAL RESOURCES, INC. IS A VOCATIONAL DAY PROGRAM FOR DEVELOPMENTALLY DISABLED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
*WORKSHOP WITH PIECE WORK *ENCLAVE OPPORTUNITIES *CREW WORK OPPORTUNITIES *VOLUNTEER OPPORTUNITIES *RECREATIONAL OPPORTUNITIES *DAILY LIVING SKILLS *HEALTH/WELLNESS PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly A Powell Director Of Operations | Officer | 40 | $115,000 |
Dawn M Heilman Director Of Finance | Officer | 40 | $112,000 |
David S Lau Retired | 0 | $40,000 | |
Jeff Wojtowycz Board Member | Trustee | 0 | $0 |
Todd Powell Board Member | Trustee | 0 | $0 |
Sal Manzo Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,303,676 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,303,676 |
| Total Program Service Revenue | $0 |
| Investment income | $19,887 |
| 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 | $1,395,838 |
| 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. | $267,000 |
| Compensation of current officers, directors, key employees. | $267,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $798,225 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,702 |
| Payroll taxes | $7,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,200 |
| Fees for services: Accounting | $12,985 |
| 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 | $15,362 |
| Information technology | $10,693 |
| Royalties | $0 |
| Occupancy | $319,930 |
| Travel | $71,334 |
| 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 | $28,372 |
| Insurance | $79,719 |
| All other expenses | $3,890 |
| Total functional expenses | $1,637,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,102 |
| Savings and temporary cash investments | $1,832,614 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,393 |
| Loans from Officers, Directors, or Controlling Persons | $219,602 |
| 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 | $357,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,000 |
| Total assets | $2,734,447 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $2,734,447 |
| Total liabilities and net assets/fund balances | $2,734,447 |