Direction61 3
- Assets
- $587.6k
- Revenue
- $414.2k
- Investments
- $0.0
- Employees
- 5
- Location
- McKinney, TX
- Founding
- 04/2018
- Data as of
- 10/2020
- EIN
- 81-4392389
Organization Overview
Direction61 3 is located in McKinney, TX. The organization was established in 2018. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 10/2020, Direction61 3 employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Direction61 3 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 10/2020, Direction61 3 generated $414.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.4% each year . All expenses for the organization totaled $300.1k during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP AGING OUT FOSTER YOUTH THRIVE AS ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR ENDING OCTOBER 21, 2020 DIRECTION61:3 HAD THE FOLLOWING PROGRAM SERVICE ACCOMPLISHMENTS: -HIRED TWO ADDITIONAL HOUSE PARENTS -HIRED A PART TIME PROGRAM DIRECTOR -OPENED A THIRD HOME ON OCTOBER 1, 2020 FOR YOUNG MEN AGES 15-22 WHO ARE AGING OUT OF FOSTER CARE -HOUSED 2 YOUNG WOMEN AGE 16 WHO HAD BEEN TRAFFICKED IN THE SEX TRADE -PROVIDED HOUSING AND SUPPORT FOR 14 YOUTH WHO ARE TRANSITIONING OUT OF FOSTER CARE -ENROLLED 95% IN AN EDUCATIONAL PROGRAM -SECURED VEHICLES FOR 2 YOUTH WHO ARE AGING OUT OF CARE -95% OF YOUTH PARTICIPATED IN LIFE SKILLS TRAINING -ASSISTED 7 CLIENTS WITH OBTAINING BIRTH CERTIFICATES AND SOCIAL SECURITY CARDS -COMPLETED THE OAK CREEK PLACE EXPANSION AND OPENED ON SEPTEMBER 15, 2020 -95% OF ALL RESIDENTS HAVE ATTENDED A LOCAL CHURCH ON A REGULAR BASIS -85% OF ALL CLASSES WERE PASSED BY ALL CLIENTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myron Wilson Executive Director | Officer | 55 | $43,600 |
Ronda Murray President | OfficerTrustee | 4 | $0 |
Susan Wilson Vice President (2/20 On) | OfficerTrustee | 1 | $0 |
Scott Campbell Vice President (to 1/20) | OfficerTrustee | 1.5 | $0 |
Jeffery Strickland Treasurer And Secretary | OfficerTrustee | 4 | $0 |
Bryan Moore Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $378,867 |
| Investment income | $439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,056 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $414,213 |
| Statement of Expenses | |
|---|---|
| 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. | $100,534 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,165 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $32 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $330 |
| Advertising and promotion | $0 |
| Office expenses | $20,772 |
| Information technology | $2,717 |
| Royalties | $0 |
| Occupancy | $12,100 |
| Travel | $1,805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $860 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,350 |
| Insurance | $1,856 |
| All other expenses | $0 |
| Total functional expenses | $300,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,595 |
| Savings and temporary cash investments | $40,911 |
| Pledges and grants receivable | $0 |
| 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 | $7,647 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $374 |
| Total assets | $587,591 |
| Accounts payable and accrued expenses | $1,386 |
| 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 | $1,386 |
| 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 |
| Total liabilities and net assets/fund balances | $586,205 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Direction61 3 has recieved totaling $112,065.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $71,065 |
Servant Foundation Overland Park, KS PURPOSE: COMMUNITY DEVELOPMENT | $40,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Providence Housing Corporation New Orleans, LA | $32,358,561 | $2,948,936 |
Habitat For Humanity International Inc Sugar Land, TX | $2,901,957 | $1,388,632 |
Denton Affordable Housing Corporation Denton, TX | $4,539,728 | $959,680 |
Plano Community Home Phase V Inc Plano, TX | $1,013,736 | $408,923 |
Rebuilding Together Greater Dallas Inc Plano, TX | $317,052 | $550,548 |
Highland Lakes Crisis Network Marble Falls, TX | $339,722 | $383,416 |
Gaeda Revitalization Corporation Alexandria, LA | $313,407 | $288,891 |
Main Plaza Conservancy San Antonio, TX | $943,211 | $443,658 |
Focus On Home Inc Oklahoma City Ok, OK | $215,947 | $457,849 |
Grace House Of Baton Rouge Inc Zachary, LA | $3 | $0 |
Hearts Desire Lovington, NM | $668,370 | $274,185 |
Direction61 3 McKinney, TX | $587,591 | $414,213 |