Belonging To Each Other Inc
- Assets
- $202.9k
- Revenue
- $217.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Falmouth, MA
- Founding
- 02/2017
- Data as of
- 05/2022
- EIN
- 81-3692267
Organization Overview
Belonging To Each Other Inc is located in Falmouth, MA. The organization was established in 2017. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 05/2022, Belonging To Each Other Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belonging To Each Other 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 05/2022, Belonging To Each Other Inc generated $217.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $219.5k during the year ending 05/2022. 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
PROVIDING TEMPORARY HOUSING AND LOVING SUPPORT TO PERSONS EXPERIENCING HOMELESSNESS IN FALMOUTH, MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES TEMPORARY HOUSING, FOOD, TRANSPORTATION AND INTERNET SERVICE FOR MEN AND WOMEN EXPERIENCING HOMELESSNESS IN FALMOUTH AND TO ASSIST THEM TO IDENTIFY MORE STABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn O'neill Board Chair | OfficerTrustee | 10 | $0 |
Christina Williams Vice Chair | OfficerTrustee | 10 | $0 |
Daniel Persechini Treasurer | OfficerTrustee | 10 | $0 |
Gina Torielli Executive Director | Officer | 30 | $0 |
Paula Cherubini Beckerle Director | Trustee | 2 | $0 |
Merrill Blum Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,231 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,870 |
| Noncash contributions included in lines 1a–1f | $3,390 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,101 |
| Total Program Service Revenue | $0 |
| Investment income | $33 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,740 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217,394 |
| 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. | $70,724 |
| Compensation of current officers, directors, key employees. | $26,147 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,679 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,054 |
| Fees for services: Management | $711 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $78 |
| Office expenses | $6,272 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,011 |
| Travel | $9,604 |
| 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 | $4,163 |
| All other expenses | $1,586 |
| Total functional expenses | $219,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,546 |
| Savings and temporary cash investments | $138,040 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $0 |
| 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 | $6,084 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,200 |
| Total assets | $202,870 |
| Accounts payable and accrued expenses | $7,630 |
| 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 | $7,630 |
| Net assets without donor restrictions | $195,240 |
| 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 | $202,870 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Belonging To Each Other Inc has recieved totaling $8,750.
| Awarding Organization | Amount |
|---|---|
Marthas Vineyard Bank Charitable Foundation Inc Edgartown, MA PURPOSE: EXEMPT PURPOSE | $8,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westhab Inc Yonkers, NY | $114,731,576 | $108,606,814 |
Home-Life Services Inc Brooklyn, NY | $11,358,960 | $49,313,152 |
Project Hospitality Inc Staten Island, NY | $24,265,282 | $41,568,587 |
Father Bills & Mainspring Inc Brockton, MA | $37,272,456 | $43,214,858 |
Urban Pathways Inc New York, NY | $30,994,608 | $33,252,102 |
Turning Point Inc Newburyport, MA | $22,797,029 | $31,886,468 |
Aguila Inc Bronx, NY | $26,513,070 | $18,809,046 |
Ali Forney Center New York, NY | $7,623,264 | $19,818,161 |
Jericho Project New York, NY | $18,950,420 | $17,611,803 |
Middlesex Human Service Agency Inc Waltham, MA | $4,587,746 | $16,335,649 |
Columbus House New Haven, CT | $15,682,244 | $16,470,970 |
Rosies Place Inc Boston, MA | $38,499,401 | $18,742,725 |