Galax Hope House Ministries Inc
- Assets
- $127.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Galax, VA
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 54-1682794
Organization Overview
Galax Hope House Ministries Inc is located in Galax, VA. The organization was established in 2009. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galax Hope House Ministries 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 12/2022, Galax Hope House Ministries Inc generated $87.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $93.6k during the year ending 12/2022. While expenses have increased by 4.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MANY MEN WERE ASSISTED IN THE TRANSITION TO BE SELF-SUPPORTING FROM SOCIETAL FINANCIAL DEPENDENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Bryant Director | 1 | $0 | |
James Pena Director | 0 | $0 | |
Susan White Vice President | 1.5 | $0 | |
Beth Horton Secretary | 1 | $0 | |
Barry Newman President | 2 | $0 | |
Bryan Horton Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,436 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,436 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,251 |
| Professional fees and other payments to independent contractors | $550 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $73,766 |
| Total expenses | $93,567 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,640 |
| Other assets | $0 |
| Total assets | $126,992 |
| Total liabilities | $12,908 |
| Net assets or fund balances | $114,084 |