Myrover-Reese Fellowship Homes Inc
- Assets
- $723.4k
- Revenue
- $818.2k
- Investments
- $0.0
- Employees
- 37
- Location
- Fayetteville, NC
- Founding
- 02/1968
- Data as of
- 06/2021
- EIN
- 56-0811917
Organization Overview
Myrover-Reese Fellowship Homes Inc is located in Fayetteville, NC. The organization was established in 1968. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2021, Myrover-Reese Fellowship Homes Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myrover-Reese Fellowship Homes 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 06/2021, Myrover-Reese Fellowship Homes Inc generated $818.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $706.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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
REHABILITATION SERVICES - ALCOHOLICS/ADDICTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME FOR RECOVERING ALCOHOLICS AND DRUG ADDICTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dixon Soffe Vice Chairman | OfficerTrustee | 2 | $0 |
Lynn Chandler Treasurer | OfficerTrustee | 2 | $0 |
Lanee Borsman Chairman | OfficerTrustee | 2 | $0 |
Rocky O'farrell Secretary | OfficerTrustee | 2 | $0 |
Marcia Ratcliffe Director | Trustee | 2 | $0 |
Danny Southard Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,491 |
| Investment income | $102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,100 |
| 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 | $294,764 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $818,215 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $333,502 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,358 |
| Fees for services: Accounting | $13,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $139,795 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,276 |
| Insurance | $27,843 |
| All other expenses | $0 |
| Total functional expenses | $706,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,655 |
| 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 | $3,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $650 |
| Total assets | $723,373 |
| Accounts payable and accrued expenses | $8,296 |
| 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 | $6,559 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,855 |
| 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 |
| Total liabilities and net assets/fund balances | $708,518 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Myrover-Reese Fellowship Homes Inc has recieved totaling $6,874.
| Awarding Organization | Amount |
|---|---|
Cumberland Community Foundation Inc Fayetteville, NC PURPOSE: CHARITABLE GIFT | $6,874 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cumberland Heights Foundation Inc Nashville, TN | $58,884,301 | $35,779,287 |
Triangle Residential Options For Substance Abusers Inc Durham, NC | $52,469,529 | $30,465,979 |
Teen Challenge Of Florida Inc Columbus, GA | $37,357,779 | $23,684,517 |
Mcleod Addictive Disease Center Inc Charlotte, NC | $7,529,763 | $24,396,806 |
National Association Of Drug Court Professionals Alexandria, VA | $11,083,937 | $20,710,508 |
Buffalo Valley Inc Hohenwald, TN | $23,052,343 | $16,932,314 |
Lifechangers Outreach Kodak, TN | $5,536,063 | $14,743,558 |
Fellowship Hall Inc Greensboro, NC | $18,440,902 | $11,157,073 |
Lexington-Richland Alcohol & Drug Abuse Council Inc Columbia, SC | $18,989,355 | $13,291,435 |
Metro Atlanta Recovery Residences Inc Doraville, GA | $4,791,110 | $9,746,580 |
Charlotte Rescue Mission Charlotte, NC | $19,401,615 | $13,420,315 |
St Judes Recovery Center Inc Atlanta, GA | $11,423,584 | $7,096,838 |