Welcome Home Inc
- Assets
- $4.7m
- Revenue
- $2.6m
- Investments
- $833.3k
- Employees
- 46
- Location
- Columbia, MO
- Founding
- 10/1985
- Data as of
- 12/2023
- EIN
- 43-1372690
Organization Overview
Welcome Home Inc is located in Columbia, MO. The organization was established in 1985. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Welcome Home Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Welcome Home 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 12/2023, Welcome Home Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. 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
WELCOME HOME WORKS TO HONOR VETERANS AND RESTORE LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TRANSITIONAL HOUSING AS WELL AS SUPPORTIVE SERVICES FOR VETERANS OF THE UNITED STATES MILITARY WHO ARE HOMELESS OR AT RISK OF HOMELESSNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Lorenz-Rudkin President | OfficerTrustee | 2 | $0 |
Marcus Glover Vice President | OfficerTrustee | 2 | $0 |
Tanner Sutton Treasurer | OfficerTrustee | 2 | $0 |
Dale Fitch Secretary | OfficerTrustee | 2 | $0 |
Terry Roberts Director | Trustee | 2 | $0 |
Ross Bridges Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $231,671 |
| Related organizations | $0 |
| Government grants | $1,800,633 |
| All other contributions, gifts, grants, and similar amounts not included above | $628,879 |
| Noncash contributions included in lines 1a–1f | $99,322 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,661,183 |
| Total Program Service Revenue | $18,800 |
| Investment income | $28,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$72,948 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,636,279 |
| 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. | $116,385 |
| Compensation of current officers, directors, key employees. | $6,305 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,320,516 |
| Pension plan accruals and contributions | $14,351 |
| Other employee benefits | $118,143 |
| Payroll taxes | $115,307 |
| Fees for services: Management | $7,908 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $59,524 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,301 |
| Fees for services: Other | $27,380 |
| Advertising and promotion | $3,640 |
| Office expenses | $59,069 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,166 |
| Travel | $15,645 |
| 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 | $105,893 |
| Insurance | $40,104 |
| All other expenses | $131,941 |
| Total functional expenses | $3,013,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,540 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $282,061 |
| 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 | $19,919 |
| Net Land, buildings, and equipment | $3,043,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $833,328 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,788 |
| Total assets | $4,730,515 |
| Accounts payable and accrued expenses | $227,361 |
| 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 | $110,788 |
| Total liabilities | $338,149 |
| Net assets without donor restrictions | $4,321,538 |
| Net assets with donor restrictions | $70,828 |
| 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 | $4,730,515 |