Mulherin Custodial Home Inc
- Assets
- $2.7m
- Revenue
- $1.5m
- Investments
- $537.0k
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 03/1956
- Data as of
- 12/2023
- EIN
- 63-0388323
Organization Overview
Mulherin Custodial Home Inc is located in Mobile, AL. The organization was established in 1956. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mulherin Custodial 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 12/2023, Mulherin Custodial Home Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A RESIDENTIAL CARE FACILITY LOCATED IN MOBILE, ALABAMA, WHERE UP TO THIRTY-FOUR MENTALLY AND/OR PHYSICALLY HANDICAPPED PEOPLE OF ALL AGES RECEIVE TWENTY-FOUR HOUR CUSTODIAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOME PROVIDES 24 HOUR CUSTODIAL CARE FOR 34 MENTALLY AND/OR PHYSICALLY HANDICAPPED RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vickie King Executive Director | Officer | 40 | $87,840 |
John Mcneil Director | Trustee | 1 | $0 |
Paul Maertens Director | Trustee | 1 | $0 |
Meagher Whigham Director | Trustee | 1 | $0 |
Reeves Dill Director | Trustee | 1 | $0 |
Edwin Curran Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $30,985 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $477,777 |
| 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 | $508,762 |
| Total Program Service Revenue | $977,130 |
| Investment income | $35,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42,877 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,479,019 |
| 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. | $84,570 |
| Compensation of current officers, directors, key employees. | $25,371 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $827,878 |
| Pension plan accruals and contributions | $11,258 |
| Other employee benefits | $11,298 |
| Payroll taxes | $79,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,520 |
| Advertising and promotion | $5,660 |
| Office expenses | $11,713 |
| Information technology | $263 |
| Royalties | $0 |
| Occupancy | $76,548 |
| Travel | $15,403 |
| 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 | $80,230 |
| Insurance | $61,834 |
| All other expenses | $0 |
| Total functional expenses | $1,433,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,027 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,495 |
| 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 | $16,218 |
| Net Land, buildings, and equipment | $1,245,434 |
| Investments—publicly traded securities | $527,771 |
| Investments—other securities | $537,012 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,705,957 |
| Accounts payable and accrued expenses | $35,975 |
| Grants payable | $0 |
| Deferred revenue | $25,693 |
| 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 | $14,635 |
| Total liabilities | $76,303 |
| Net assets without donor restrictions | $1,871,422 |
| Net assets with donor restrictions | $758,232 |
| 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 | $2,705,957 |