Episcopal Housing Ministry Inc
- Assets
- $769.2k
- Revenue
- $406.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 07/1991
- Data as of
- 12/2022
- EIN
- 56-1735130
Organization Overview
Episcopal Housing Ministry Inc is located in Raleigh, NC. The organization was established in 1991. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Episcopal Housing Ministry 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, Episcopal Housing Ministry Inc generated $406.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $18.3k during the year ending 12/2022. 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 AFFORDABLE HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
EPISCOPAL HOUSING MINISTRY WAS ESTABLISHED TO DEVELOP AND MAINTAIN HOUSING FOR LOW-INCOME INDIVIDUALS AS WELL AS PROVIDE SUPPORT SERVICES TO RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Shenton President | OfficerTrustee | 5 | $0 |
Tony Inscore Board Member | Trustee | 1 | $0 |
Hugh Stevens Vice President | OfficerTrustee | 1 | $0 |
Blake Tharin Secretary/treasurer | OfficerTrustee | 1 | $0 |
John Connell Board Member | Trustee | 1 | $0 |
Chuck Fyfe Board Member | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $405,953 |
| Investment income | $0 |
| 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 | $405,953 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,736 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,500 |
| Fees for services: Legal | $1,264 |
| Fees for services: Accounting | $0 |
| 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 | $270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $18,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $391,689 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $769,200 |
| 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 | $769,200 |
| 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 | $769,200 |
Grants Awarded
Over the last fiscal year, Episcopal Housing Ministry Inc has awarded $135,342 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FOX HAVEN LIMITED PARTNERSHIP PURPOSE: TO ASSIST WITH AFTER SCHOOL CARE FOR TENANTS OF LOW-INCOME HOUSING | $12,500 |
CARRIAGE COURT APARTMENTS LIMITER PARTNERSHIP PURPOSE: TO ASSIST WITH AFTER SCHOOL CARE FOR TENANTS OF LOW-INCOME HOUSING | $12,842 |
ST PAULS EPISCOPAL CHURCH PURPOSE: TO PROVIDE HOUSING ASSISTANCE FOR A CHURCH SPONSORED REFUGEE FAMILY | $10,000 |
EPISCOPAL DIOCESE OF NORTH CAROLINA PURPOSE: DIOCESAN HURRICANE RELIEF FUND | $100,000 |