Storehouse West Inc
- Assets
- $684.7k
- Revenue
- $279.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Rio Rancho, NM
- Founding
- 08/1992
- Data as of
- 03/2022
- EIN
- 85-0400450
Organization Overview
Storehouse West Inc is located in Rio Rancho, NM. The organization was established in 1992. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 03/2022, Storehouse West Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storehouse West 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 03/2022, Storehouse West Inc generated $279.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $216.9k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FOOD AND CLOTHING ON A SHORT-TERM BASIS TO INDIVIDUALS AND FAMILIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FOOD AND CLOTHING AND OTHER EMERGENCY PROGRAMS ON A SHORT-TERM BASIS TO INDIVIDUALS AND FAMILIES IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jen Payne Executive Di | Officer | 30 | $28,394 |
Michelle Havil Vice Chair | OfficerTrustee | 2 | $0 |
Kathryn Westmoreland Chair | OfficerTrustee | 2 | $0 |
Misty Schuck Treasurer | OfficerTrustee | 2 | $0 |
Claudia Rhodus Secretary | OfficerTrustee | 2 | $0 |
Jacqueline Villaescusa Executive Di | Officer | $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 | $229,361 |
| Noncash contributions included in lines 1a–1f | $61,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,361 |
| Total Program Service Revenue | $44,036 |
| Investment income | $96 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,580 |
| 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 | $279,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,376 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $29,364 |
| Compensation of current officers, directors, key employees. | $4,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,359 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,684 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,130 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,296 |
| Insurance | $11,899 |
| All other expenses | $2,544 |
| Total functional expenses | $216,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,743 |
| Savings and temporary cash investments | $195,160 |
| 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 | $124,423 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $242,370 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $684,696 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $49,876 |
| 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 | $49,876 |
| Net assets without donor restrictions | $634,820 |
| 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 | $684,696 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Storehouse West Inc has recieved totaling $3,045.
| Awarding Organization | Amount |
|---|---|
Carl C Anderson Sr And Marie Jo Anderson Charitable Foundation Dallas, TX PURPOSE: GENERAL OPERATIONS | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
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