Inter-Faith Alliance Corporation
- Assets
- $69.5k
- Revenue
- $660.4k
- Investments
- $0.0
- Employees
- 29
- Location
- Shelby, NC
- Founding
- 07/2009
- Data as of
- 12/2021
- EIN
- 80-0361971
Organization Overview
Inter-Faith Alliance Corporation is located in Shelby, NC. The organization was established in 2009. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Inter-Faith Alliance Corporation employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inter-Faith Alliance Corporation 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, Inter-Faith Alliance Corporation generated $660.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $674.0k during the year ending 12/2021. While expenses have increased by 5.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS DEDICATED TO SERVING THE HOMELESS, POOR AND ADDICTED POPULATIONS OF CLEVELAND COUNTY NC AND SURROUNDING AREAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ACCESS TO BASIC NEEDS AS WELL AS OPPORTUNITIES FOR RECOVERY, PERSONAL GROWTH AND DEVELOPMENT, THE MISSION ENABLES PEOPLE TO BEGIN THEIR JOURNEY OUT OF CRISIS AND INTO SELF-SUFFICIENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Melton Treasurer | OfficerTrustee | $0 | |
Kathy Davis Vice Chairma | OfficerTrustee | $0 | |
Joey Hamrick Chairman | OfficerTrustee | $0 | |
Dr Larry Allen Member | Trustee | $0 | |
Marie Jackson Member | Trustee | $0 | |
Jess Powell Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,393 |
| All other contributions, gifts, grants, and similar amounts not included above | $577,826 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $634,219 |
| Total Program Service Revenue | $0 |
| 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 | $18,999 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $660,401 |
| 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 | $296,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,700 |
| Payroll taxes | $22,530 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $4,979 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $63,205 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,918 |
| Office expenses | $16,150 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,222 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,885 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,188 |
| Insurance | $11,287 |
| All other expenses | $8,562 |
| Total functional expenses | $674,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,744 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,014 |
| 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 | $4,115 |
| Net Land, buildings, and equipment | $49,588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $69,461 |
| Accounts payable and accrued expenses | $21,173 |
| 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 | $44,531 |
| Unsecured mortgages and notes payable | $158,263 |
| Other liabilities | $0 |
| Total liabilities | $223,967 |
| Net assets without donor restrictions | -$154,506 |
| 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 | $69,461 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Inter-Faith Alliance Corporation has recieved totaling $55,040.
| Awarding Organization | Amount |
|---|---|
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: HUMAN SERVICES | $55,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Josephs Mercy Care Services Inc Atlanta, GA | $21,400,756 | $24,533,860 |
Quest Community Development Organization Inc Atlanta, GA | $31,980,740 | $6,266,594 |
Rescue Mission Of Roanoke Inc Roanoke, VA | $11,303,940 | $5,672,596 |
Charlotte Family Housing Inc Charlotte, NC | $3,736,350 | $3,379,237 |
Dream Center Of Pickens County Easley, SC | $1,474,913 | $3,364,624 |
National Health Care For The Homeless Council Inc Nashville, TN | $2,211,639 | $3,205,943 |
Union County Community Shelter Monroe, NC | $5,779,570 | $2,836,417 |
Hospitality Hub Of Memphis Memphis, TN | $14,285,294 | $5,150,202 |
Community Alliance For The Homeless Inc Memphis, TN | $840,449 | $1,709,644 |
Bethesda Center For The Homeless Inc Winstonsalem, NC | $2,468,079 | $1,859,397 |
Housing Trust Fund Of Northern Virginia Inc Chantilly, VA | $1,642,500 | $1,610,122 |
Step Up Ministry Raleigh, NC | $1,595,093 | $1,539,919 |