Beacon Harbor Inc
- Assets
- $570.3k
- Revenue
- $371.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwood, MS
- Founding
- 10/1981
- Data as of
- 12/2021
- EIN
- 64-0651273
Organization Overview
Beacon Harbor Inc is located in Greenwood, MS. The organization was established in 1981. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, 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. Beacon Harbor 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 12/2021, Beacon Harbor Inc generated $371.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $255.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING FOR THE HANDICAPPED
Describe the Organization's Program Activity:
Part 3 - Line 4a
2 APARTMENT COMPLEXES COMPRISING 18 RESIDENTIAL UNITS, PROVIDING HOUSING FOR THE HANDICAPPED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Walker Sturdivant President | Officer | 0 | $0 |
William Fitts Treasurer | Officer | 0 | $0 |
Rhyine Long Vice President | Officer | 0 | $0 |
Mr John Pittman Assistant Secretary | Officer | 0 | $0 |
Claire Green Director | Trustee | 0 | $0 |
Dawn Mcbee Director | Trustee | 0 | $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 | $48,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,080 |
| Total Program Service Revenue | $281,050 |
| Investment income | $1,270 |
| 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 | $371,863 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,600 |
| 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 | $659 |
| 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 | $1,008 |
| Interest | $4,175 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,826 |
| Insurance | $12,015 |
| All other expenses | $0 |
| Total functional expenses | $255,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,798 |
| Savings and temporary cash investments | $109,194 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,687 |
| 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 | $5,192 |
| Net Land, buildings, and equipment | $292,460 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $570,331 |
| Accounts payable and accrued expenses | $62,868 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $7,842 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $42,301 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $996 |
| Total liabilities | $114,007 |
| Net assets without donor restrictions | $0 |
| 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 | $456,324 |
| Total liabilities and net assets/fund balances | $570,331 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beacon Harbor Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Mary Emily Wilson Charitable Trust Birmingham, AL PURPOSE: SERVICES AND FACILITIES FOR | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Methodist Home For The Aging Birmingham, AL | $118,213,803 | $51,510,138 |
Presbyterian Homes Of Tennessee Inc Knoxville, TN | $109,320,590 | $32,362,942 |
Trezevant Episcopal Home Memphis, TN | $115,088,411 | $33,520,446 |
Psalms Inc Memphis, TN | $74,570,809 | $27,771,852 |
St James Place Of Baton Rouge Baton Rouge, LA | $72,313,074 | $25,820,811 |
Village Of Germatown Inc Germantown, TN | $101,890,049 | $24,494,754 |
Richland Place Inc Murfreesboro, TN | $29,322,496 | $24,492,875 |
Christwood Covington, LA | $68,778,452 | $23,308,360 |
Episcopal Foundation Of Jefferson County St Martins In The Pines Birmingham, AL | $34,577,602 | $20,115,352 |
Lakeshore Estate Inc Nashville, TN | $27,064,642 | $18,022,154 |
Butterfield Trail Village Incorporated Fayetteville, AR | $73,135,439 | $22,090,800 |
Ave Maria Home Memphis, TN | $24,665,366 | $18,165,699 |