Sarahs Home Corporation
- Assets
- $855.7k
- Revenue
- $622.7k
- Investments
- $0.0
- Employees
- 18
- Location
- Peyton, CO
- Founding
- 12/2012
- Data as of
- 12/2022
- EIN
- 45-3449348
Organization Overview
Sarahs Home Corporation is located in Peyton, CO. The organization was established in 2012. 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 12/2022, Sarahs Home Corporation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarahs Home Corporation 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, Sarahs Home Corporation generated $622.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $423.7k during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHRISTIAN MINISTRY, EDUCATION, AND SAFE HOUSING FOR CHILDREN RESCUED FROM HUMAN TRAFFICKING IN THE U.S.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SARAHS HOME IS A CHRIST-CENTERED LICENSED SPECIALIZED GROUP CENTER FOR TEEN GIRLS RESCUED FROM SEXUAL EXPLOITATION IN THE UNITED STATES. IN 2022, WE WALKED BESIDE 4 GIRLS, FACILITATING HEALING, EDUCATION, RESTORATION AND REINTEGRATION. TO DATE, WE HAVE WALKED WITH 32 TEEN GIRLS SINCE OUR OPENING. OUR ACCREDITED SCHOOL, ASPIRE ACADEMY, IS ON SITE WHERE THESE GIRLS CAN RECEIVE THEIR DIPLOMA AND SCHOLARSHIPS FOR FURTHER EDUCATION. SARAH'S HOME CORP IS IN THE PROCESS OF RECEIVING 35+ ACRES IN THE MOUNTAINS OF COLORADO TO ESTABLISH THE SAME TYPE HOME AND SCHOOL FOR TEEN BOYS COMING OUT OF SEX TRAFFICKING. THIS NEW PROGRAM WILL INCLUDE LEARNING A TRADE. A REQUIREMENT OF SARAH'S HOME CORP IS FOR THE FAMIIES OF THESE TEENS TO BE HEAVILY INVOLVED THROUGH OUR PARENT WEEKEND. IT IS HERE THAT WE RE-TRAIN THEM TO BE GODLY PARENTS, PROVIDING STRONG SUPPORT NETWORKS, AND ENCOURAGE THEM TO GROW ALONGSIDE THEIR CHILDREN IN ORDER TO HEIGHTEN THE FUTURE SUCCESS OF BOTH. WE ACCEPT NO GOVERNMENT FUNDING; WE RELY ON COMMUNITY SUPPORT SO THAT WE CAN STAY ALONGSIDE SURVIVIORS FOR LONGER AND BETTER ENSURE THEIR SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Proffit Executive Di | Officer | 40 | $62,200 |
Phil Steiger Board Chair | OfficerTrustee | 2 | $0 |
Eric Apodaca Secretary | OfficerTrustee | 2 | $0 |
Jeff Winters Treasurer | OfficerTrustee | 2 | $0 |
David Burford Board Member | Trustee | 2 | $0 |
Jacqueline Proffit Board Member | Trustee | 2 | $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 | $594,271 |
| Noncash contributions included in lines 1a–1f | $59,537 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $594,271 |
| Total Program Service Revenue | $24,421 |
| Investment income | $2,790 |
| 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 | $622,694 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $240,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $4,199 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,443 |
| Advertising and promotion | $0 |
| Office expenses | $14,902 |
| Information technology | $28,145 |
| Royalties | $0 |
| Occupancy | $12,852 |
| Travel | $11,814 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,292 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,418 |
| Insurance | $12,090 |
| All other expenses | $1,469 |
| Total functional expenses | $423,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,775 |
| Savings and temporary cash investments | $444,733 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $43,241 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $855,749 |
| Accounts payable and accrued expenses | $18,490 |
| 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 | $18,490 |
| Net assets without donor restrictions | $342,637 |
| Net assets with donor restrictions | $494,622 |
| 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 | $855,749 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sarahs Home Corporation has recieved totaling $49,144.
| Awarding Organization | Amount |
|---|---|
Woodford Manufacturing Charities Inc Colorado Springs, CO PURPOSE: Charitable Purpose of the Organization | $35,503 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $8,365 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $5,276 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lapuente Home Incorporated Alamosa, CO | $2,057,200 | $6,832,731 |
House Of Refuge Inc Mesa, AZ | $3,568,215 | $2,806,174 |
Housing Solutions Of Northern Arizona Inc Flagstaff, AZ | $11,849,928 | $2,752,873 |
Littleton Section 8 Housing Corporation Littleton, CO | $110,631 | $1,796,940 |
Huntsman Community Shelter Salt Lake City, UT | $14,233,533 | $1,731,042 |
Saranam Llc Albuquerque, NM | $7,396,865 | $6,220,441 |
Comea Inc Cheyenne, WY | $2,290,587 | $1,481,096 |
Community Childrens Shelter And Family Service Center Inc Ardmore, OK | $9,968,646 | $3,170,975 |
His House Outreach Ministries Inc Claremore, OK | $606,415 | $685,772 |
Archuleta Housing Corp Pagosa, CO | $927,347 | $887,000 |
Ascending To Health Respite Care Inc Colorado Springs, CO | $384,988 | $836,062 |
New Creation 2020 Inc Olathe, KS | $267,055 | $544,068 |