Caring House Inc
- Assets
- $7.3m
- Revenue
- $1.6m
- Investments
- $5.3m
- Employees
- 13
- Location
- Durham, NC
- Founding
- 07/1992
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Caring House Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $819.7k during the year ending 06/2022. While expenses have increased by 6.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Sheridan Van Wagenberg Executive Director | Officer | 40 | $120,194 |
Robinson Everett Vice Chair | OfficerTrustee | 0.25 | $0 |
Tom Dod Treasurer | OfficerTrustee | 0.25 | $0 |
Candace Minjares Board Chair | OfficerTrustee | 0.25 | $0 |
Katie Galbraith President | OfficerTrustee | 0.25 | $0 |
Sasha Zarzour Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $623,512 |
| Noncash contributions included in lines 1a–1f | $4,348 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $749,112 |
| Total Program Service Revenue | $229,852 |
| Investment income | $145,322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $337,861 |
| Net Income from Fundraising Events | $141,777 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,603,924 |
| 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. | $121,616 |
| Compensation of current officers, directors, key employees. | $26,756 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,274 |
| Pension plan accruals and contributions | $7,385 |
| Other employee benefits | $3,880 |
| Payroll taxes | $30,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,623 |
| Fees for services: Other | $84,968 |
| Advertising and promotion | $20,343 |
| Office expenses | $37,234 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,509 |
| 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 | $40,582 |
| Insurance | $41,434 |
| All other expenses | $0 |
| Total functional expenses | $819,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,041,120 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $284,478 |
| Accounts receivable, net | $10,759 |
| 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 | $697,087 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,273,142 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,306,586 |
| Accounts payable and accrued expenses | $16,902 |
| 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 | $16,902 |
| Net assets without donor restrictions | $1,952,275 |
| Net assets with donor restrictions | $5,337,409 |
| 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 | $7,306,586 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Caring House Inc has recieved totaling $122,701.
| Awarding Organization | Amount |
|---|---|
F M Kirby Foundation Inc Morristown, NJ PURPOSE: IN SUPPORT OF 501C3 PURPOSE | $20,000 |
Forest At Duke Inc Durham, NC PURPOSE: OPERATING SUPPORT | $20,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $16,000 |
Ralph Landau Foundation New York, NY PURPOSE: CHARITABLE - SUPPORT OUTPATIENT TREATMENT AT THE DUKE CANCER INSTITUTE | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $12,000 |
Barnes Family Foundation Durham, NC PURPOSE: GENERAL PURPOSE SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $6,313,839 |
| Earnings | -$1,019,424 |
| Admin Expense | $24,652 |
| Net Contributions | $83,800 |
| Other Expense | $105,609 |
| Ending Balance | $5,247,954 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Ronald Mcdonald House Charities Inc Atlanta, GA | $44,808,722 | $8,699,770 |
Lighthouse Family Retreat Inc Alpharetta, GA | $2,831,425 | $4,605,749 |
Ronald Mcdonald House Charities Of Greater Washington Dc Inc Falls Church, VA | $23,518,081 | $3,394,943 |
Make-A-Wish Foundation Of Central And Western North Carolina Inc Charlotte, NC | $8,151,207 | $3,618,519 |
Ronald Mcdonald House Of Durham And Wake Inc Durham, NC | $12,035,561 | $3,831,309 |
Hospital Hospitality House Of Richmond Inc Richmond, VA | $19,495,218 | $3,888,827 |
Make-A-Wish Foundation Of The Mid- South Inc Memphis, TN | $7,531,176 | $3,943,183 |
Secu Family House At Unc Hospitals Chapel Hill, NC | $17,865,400 | $2,569,903 |
7th & Marshall Corporation Richmond, VA | $5,028,760 | $2,506,731 |
Make-A-Wish Foundation Of Sc Inc Greenville, SC | $3,512,754 | $3,739,061 |
Make A Wish Foundation Of Eastern North Carolina Inc Raleigh, NC | $1,430,251 | $2,360,799 |
Ronald Mcdonald House Charities Of The Piedmont Triad Inc Winstonsalem, NC | $17,158,539 | $2,973,309 |