Peninsula Rescue Mission Inc
- Assets
- $3.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 14
- Location
- Newport News, VA
- Founding
- 08/1972
- Data as of
- 12/2021
- EIN
- 54-0901386
Organization Overview
Peninsula Rescue Mission Inc is located in Newport News, VA. The organization was established in 1972. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Peninsula Rescue Mission Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peninsula Rescue Mission 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 12/2021, Peninsula Rescue Mission Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOMELESS SHELTER FOR MEN; WORK REHABILITATION PROGRAM FOR HOMELESS MEN; GOSPEL MINISTRY AND AID TO NEEDY FAMILIES BY PROVIDING CLOTHING, FURNITURE, UTILITES OR RENT ASSISTANCE; 2-WEEK SUMMER CAMP FOR UNDERPRIVILIGED CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEEDING AND LODGING OF HOMELESS MEN; WORK REHABILITATION PROGRAM FOR HOMELESS MEN; GOSPEL MINISTRY AND AID TO NEEDY FAMILIES BY PROVIDING CLOTHING, FURNITURE, UTILITIES OR RENT ASSISTANCE.
THRIFT STORE OPERATIONS SERVING THE MINISTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hoyes Vice President | OfficerTrustee | 1 | $0 |
Chuck Longacre Secretary | Officer | 1 | $0 |
Alan Defriese Executive Director | Officer | 40 | $0 |
David Nichols Director | Officer | 1 | $0 |
Robert Poteat Chaplain | Officer | 5 | $0 |
Tim Coats Treasurer | Officer | 1 | $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 | $1,321,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,321,603 |
| Total Program Service Revenue | $297,002 |
| Investment income | $123,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $230,468 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,983,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,964 |
| 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 | $453,347 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $155,980 |
| Payroll taxes | $32,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $92,445 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,140 |
| Advertising and promotion | $0 |
| Office expenses | $18,880 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,182 |
| Travel | $3,051 |
| 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 | $101,111 |
| Insurance | $12,645 |
| All other expenses | $76,294 |
| Total functional expenses | $1,176,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $851,556 |
| Savings and temporary cash investments | $0 |
| 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 | $641,900 |
| Investments—publicly traded securities | $1,881,430 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,514 |
| Total assets | $3,433,400 |
| Accounts payable and accrued expenses | $9,039 |
| 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 | $9,039 |
| Net assets without donor restrictions | $3,292,545 |
| Net assets with donor restrictions | $131,816 |
| 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 | $3,433,400 |
Grants Awarded
Over the last fiscal year, Peninsula Rescue Mission Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Spring Grove, VA PURPOSE: To assist ministry in need during COVID | $25,000 |
YOUTH CHALLENGE OF HAMPTON ROADS PURPOSE: To assist ministry in need during COVID | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Peninsula Rescue Mission Inc has recieved totaling $35,984.
| Awarding Organization | Amount |
|---|---|
St Johns Church Charitable Tr Hampton, VA PURPOSE: Aid in the mission providing shelter for homeless men. | $10,000 |
Langley For Families - The Foundation Of Lfcu Newport News, VA PURPOSE: CONTRIBUTED FUNDS TO ASSIST LOCAL 501(C)(3) HOUSING AND HUMAN SERVICE ORGANIZATIONS THAT PROVIDE FOOD, ASSIST WITH ELDERLY CARE AND MEALS, ADDRESS HOMELESS HOUSING INITIATIVES, PROVIDE ASSISTANCE TO VETERANS, PROVIDE ASSISTANCE AND SHELTER TO BATTERED WOMEN AND ABUSED WOMEN, AND PROVIDE AFTER SCHOOL PROGRAM FOR AT-RISK CHILDREN. | $10,000 |
Organization Name not Listed PURPOSE: CHARITABLE WORK | | $10,000 |
Pomeroy Family Foundation Mechanicsburg, PA PURPOSE: GENERAL USE OF CHARITY | $2,500 |
Surtman Foundation Smithfield, VA PURPOSE: COMMUNITY SERVICE | $2,500 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: GRANT FUNDING FOR WINTER SUPPLIES | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friendship Place Washington, DC | $9,467,594 | $20,756,314 |
Nashville Rescue Mission Nashville, TN | $37,816,884 | $20,187,859 |
Forkids Inc Chesapeake, VA | $30,389,970 | $15,557,559 |
Central Union Mission Washington, DC | $25,037,840 | $16,629,553 |
New Hope Housing Inc Alexandria, VA | $4,724,081 | $13,222,867 |
House Of Ruth Washington, DC | $26,954,207 | $14,138,940 |
The Next Door Nashville, TN | $9,790,699 | $10,091,124 |
Hope Center Inc Lexington, KY | $15,963,477 | $9,458,031 |
Homeward Bound Of Western North Carolina Inc Asheville, NC | $7,613,383 | $7,947,393 |
The Light House Inc Annapolis, MD | $14,282,025 | $6,589,792 |
Welcome House Of Northern Kentucky Inc Covington, KY | $15,337,370 | $7,502,919 |
Good Shepherd Ministries Of Wilmington Inc Wilmington, NC | $5,944,318 | $5,829,683 |