Serenity Transformation Home I Inc
- Assets
- $185.3k
- Revenue
- $229.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Fort Worth, TX
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-4418825
Organization Overview
Serenity Transformation Home I Inc is located in Fort Worth, TX. The organization was established in 2015. According to its NTEE Classification (P45) the organization is classified as: Family Services for Adolescent Parents, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Serenity Transformation Home I 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, Serenity Transformation Home I Inc generated $229.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $101.8k during the year ending 12/2023. While expenses have increased by 19.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THIS ORGANIZATION IS TO PROVIDE A SAFE AND NURTURING ENVIRONMENT FOR TEEN MOTHERS AND THEIR BABIES; TO PREVENT HOMELESSNESS AND TO KEEP THE TEEN MOTHERS AND THEIR BABIES TOGETHER; TO TEACH THEM LIFE AND PARENTING SKILLS; PREVENT RECURRING PREGNANCIES; TO ACHIEVE INDEPENDENCE; TO COMPLETE HIGH SCHOOL & MOVE ON TO COLLEGE; AND TO ENSURE THE TEENS UNDERSTAND THE IMPORTANCE OF LEADING A HEALTHY LIFESTYLE BOTH FOR THEMSELVES AND THEIR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR ACCOMPLISHMENTS FOR 2023 INCLUDED:- PROVIDED A SAFE HOME TO HOMELESS WOMEN WHO ARE PREGNANT OR WITH A BABY. - HELPED WOMEN GAIN SKILLS NEEDED TO HELP THEM TRANSITION TO THEIR OWN HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Bell President, Dir. | OfficerTrustee | 40 | $0 |
Cynthia Holleman Director | Trustee | 40 | $0 |
Tameka Greenlee Treasurer, Dir. | OfficerTrustee | 40 | $0 |
Elizabeth Stewart Secretary, Dir. | OfficerTrustee | 40 | $0 |
Ketti Hurd Director | Trustee | 40 | $0 |
Tricia Hiros Vice Chairman | OfficerTrustee | 40 | $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 | $229,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,705 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $229,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,744 |
| 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 | $39,148 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,912 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,464 |
| Advertising and promotion | $0 |
| Office expenses | $1,012 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,268 |
| Travel | $989 |
| 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 | $0 |
| Insurance | $2,083 |
| All other expenses | $212 |
| Total functional expenses | $101,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,327 |
| Savings and temporary cash investments | $145,738 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $186 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $185,251 |
| 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 | $185,251 |
| Total liabilities and net assets/fund balances | $185,251 |