Caring House Inc
- Assets
- $11.5m
- Revenue
- $2.5m
- Investments
- $6.3m
- Employees
- 13
- Location
- Durham, NC
- Founding
- 07/1992
- Data as of
- 06/2024
- EIN
- 56-1647154
Organization Overview
Caring House Inc is located in Durham, NC. The organization was established in 1992. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 06/2024, Caring House Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caring House 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 06/2024, Caring House Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $1.0m during the year ending 06/2024. While expenses have increased by 2.8% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
CARING HOUSE PROVIDES PATIENTS AT DUKE CANCER INSTITUTE WITH PEACE OF MIND BY PROVIDING AFFORDABLE HOUSING, A HEALING ENVIRONMENT, AND A POSITIVE AND SUPPORTIVE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PART-TIME AND FULL-TIME EMPLOYEES PROVIDE A HOMELIKE ENVIRONMENT FOR CANCER PATIENTS AND THEIR FAMILIES DURING TREATMENT AT DUKE UNIVERSITY MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Goodrich Director | Trustee | 0.25 | $0 |
Natalie Ashley Director | Trustee | 0.25 | $0 |
Lennis Harris Director | Trustee | 0.25 | $0 |
Jeff Clark Director | Trustee | 0.25 | $0 |
Stacie Mcentyre Vice Chair | OfficerTrustee | 0.25 | $0 |
John Oxaal Director | Trustee | 0.25 | $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 | $1,735,178 |
| Noncash contributions included in lines 1a–1f | $57,214 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,735,178 |
| Total Program Service Revenue | $281,031 |
| Investment income | $212,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,422 |
| Net Income from Fundraising Events | $230,124 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,534,060 |
| 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. | $139,722 |
| Compensation of current officers, directors, key employees. | $30,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $333,805 |
| Pension plan accruals and contributions | $6,935 |
| Other employee benefits | $4,049 |
| Payroll taxes | $35,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,659 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,037 |
| Fees for services: Other | $145,924 |
| Advertising and promotion | $25,367 |
| Office expenses | $57,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,732 |
| Travel | $0 |
| 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 | $49,516 |
| Insurance | $55,009 |
| All other expenses | $33,753 |
| Total functional expenses | $1,035,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,465,460 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,816,608 |
| 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 | $881,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,278,810 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,261 |
| Total assets | $11,470,373 |
| Accounts payable and accrued expenses | $31,717 |
| 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 | $28,261 |
| Total liabilities | $59,978 |
| Net assets without donor restrictions | $2,205,653 |
| Net assets with donor restrictions | $9,204,742 |
| 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 | $11,470,373 |