Loray Girls Home Inc
- Assets
- $86.8k
- Revenue
- $250.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Gastonia, NC
- Founding
- 03/1988
- Data as of
- 06/2022
- EIN
- 56-1526723
Organization Overview
Loray Girls Home Inc is located in Gastonia, NC. The organization was established in 1988. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, Loray Girls Home Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loray Girls Home 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 06/2022, Loray Girls Home Inc generated $250.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $266.6k during the year ending 06/2022. 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 LONG-TERM RESIDENTIAL CARE FOR GIRLS IN GASTON COUNTY WHO, ACCORDING TO THE JUVENILE COURT, SHOULD NO LONGER BE AT HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM PROVIDES FOOD, LODGING, AND COUNSELING. DESIGNED TO ENHANCE EDUCATION, PHYSICAL, SOCIAL, PSYCHOLOGICAL, & SPIRITUAL DEVELOPMENT OF TEENAGE GIRLS; PROVIDED BY LORAY BAPTIST CHURCH. (5)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patti Jones Chairman | OfficerTrustee | 1 | $0 |
Kem Watts Vice Chairma | OfficerTrustee | 1 | $0 |
Adam Star Treasurer | OfficerTrustee | 1 | $0 |
Kim Ward Secretary | OfficerTrustee | 1 | $0 |
Jennifer Fink Director | Trustee | 1 | $0 |
Brandy Mcmillian Director | Trustee | 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 | $21,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,124 |
| Total Program Service Revenue | $228,937 |
| Investment income | $104 |
| 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 | $250,165 |
| 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. | $45,398 |
| Compensation of current officers, directors, key employees. | $27,239 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,953 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,444 |
| 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 | $3,039 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,755 |
| Travel | $1,754 |
| 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 | $5,729 |
| Insurance | $5,877 |
| All other expenses | $60 |
| Total functional expenses | $266,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,834 |
| Savings and temporary cash investments | $35,331 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $415 |
| 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 | $33,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $86,831 |
| 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 | $86,831 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $86,831 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Loray Girls Home Inc has recieved totaling $10,048.
| Awarding Organization | Amount |
|---|---|
Gaston Community Foundation Gastonia, NC PURPOSE: GENERAL SUPPORT | $10,048 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Open Arms Care Corporation Brentwood, TN | $14,259,217 | $57,379,282 |
Community Residences Inc Chantilly, VA | $8,965,819 | $35,349,534 |
Chris 180 Inc Atlanta, GA | $28,583,022 | $30,650,389 |
United Methodist Family Services Of Virginia Richmond, VA | $47,052,376 | $24,127,459 |
The Methodist Home For Children Inc Raleigh, NC | $8,593,476 | $22,308,559 |
St Marys Home For Disabled Children Inc Norfolk, VA | $13,262,085 | $25,556,306 |
The Arc Of North Carolina Inc Raleigh, NC | $5,247,562 | $22,153,285 |
Inreach Charlotte, NC | $7,913,848 | $23,092,110 |
Childrens Hope Alliance Barium Springs, NC | $38,599,237 | $18,471,668 |
Holston United Methodist Home For Children Inc Greeneville, TN | $27,641,839 | $16,110,226 |
Mur-Ci Homes Inc Antioch, TN | $9,901,370 | $14,568,313 |
Thornwell Clinton, SC | $68,857,237 | $15,147,057 |