Gospel Inc
- Assets
- $4.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 30
- Location
- Lakeland, FL
- Founding
- 03/2012
- Data as of
- 12/2023
- EIN
- 90-0771464
Organization Overview
Gospel Inc is located in Lakeland, FL. The organization was established in 2012. 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 12/2023, Gospel Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gospel 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 12/2023, Gospel Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 37.3% each year . All expenses for the organization totaled $865.8k during the year ending 12/2023. While expenses have increased by 38.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CHRIST-CENTERED COMMUNITY, HOUSING, AND WORK TO THOSE LIVING AT GOSPEL VILLAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING ACHIEVEMENTS: SUCCESSFULLY PROVIDED HOUSING FOR 38 PEOPLE IN 33 UNITS. PLANNING TO EXPAND HOUSING WITH THE CONSTRUCTION OF 48 NEW UNITS THIS YEAR. ACHIEVED A 95% RETENTION RATE IN PERMANENT HOUSING. HOLISTIC SUPPORTIVE PROGRAMS:- ART PROGRAMS: OFFERING CREATIVE OUTLETS FOR RESIDENTS TO EXPRESS THEMSELVES AND FIND THERAPEUTIC BENEFITS THROUGH VARIOUS ART FORMS.- COUNSELING SERVICES: PROVIDING COMPREHENSIVE MENTAL HEALTH SUPPORT, INCLUDING INDIVIDUAL AND GROUP COUNSELING, TO HELP RESIDENTS ADDRESS TRAUMA AND IMPROVE THEIR MENTAL WELL-BEING.- COMMUNITY FRIDGE AND PANTRY: ENSURING FOOD SECURITY BY OFFERING ACCESS TO NUTRITIOUS FOOD, ALLOWING RESIDENTS TO FOCUS ON OTHER ASPECTS OF THEIR LIVES WITHOUT THE STRESS OF FOOD INSECURITY.- COMMUNITY DINNERS: FOSTERING A SENSE OF COMMUNITY AND TOGETHERNESS BY ORGANIZING REGULAR DINNERS WHERE RESIDENTS CAN BOND, SHARE EXPERIENCES, AND BUILD SUPPORTIVE RELATIONSHIPS.- VARIOUS COMMUNITY GROUPS: ORGANIZING DIFFERENT GROUPS AND ACTIVITIES SUCH AS SUPPORT GROUPS, EDUCATIONAL WORKSHOPS, AND RECREATIONAL ACTIVITIES TO ENGAGE RESIDENTS AND PROMOTE PERSONAL GROWTH.- HOLISTIC HEALTH AND WELLNESS PROGRAMS: INTEGRATING PHYSICAL HEALTH, MENTAL HEALTH, AND SOCIAL WELL-BEING INITIATIVES TO ENSURE RESIDENTS RECEIVE WELL-ROUNDED SUPPORT. THIS INCLUDES HEALTH EDUCATION, FITNESS ACTIVITIES, AND WELLNESS WORKSHOPS. COMMUNITY INTEGRATION AND DEVELOPMENT: ENCOURAGING RESIDENT PARTICIPATION IN THE DEVELOPMENT AND IMPROVEMENT OF THE COMMUNITY. PROMOTING A SENSE OF OWNERSHIP AND RESPONSIBILITY AMONG RESIDENTS TO CREATE A SUPPORTIVE AND COLLABORATIVE LIVING ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Riching President | OfficerTrustee | 5 | $0 |
Shawn Jones Vice President | OfficerTrustee | 5 | $0 |
Deb Funkhouser Co-Treasurer | OfficerTrustee | 5 | $0 |
Kathy Rubo Co-Treasurer | OfficerTrustee | 5 | $0 |
Craig Mozhdehi Secretary | OfficerTrustee | 5 | $0 |
Scott Mcbride Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $282,050 |
| Related organizations | $0 |
| Government grants | $214,794 |
| All other contributions, gifts, grants, and similar amounts not included above | $415,658 |
| Noncash contributions included in lines 1a–1f | $11,160 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $912,502 |
| Total Program Service Revenue | $129,271 |
| Investment income | $25,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$35,300 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,037,457 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,228 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $128,869 |
| Compensation of current officers, directors, key employees. | $56,610 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $330,932 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,937 |
| Payroll taxes | $47,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,368 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,056 |
| Fees for services: Other | $1,321 |
| Advertising and promotion | $27,195 |
| Office expenses | $35,221 |
| Information technology | $276 |
| Royalties | $0 |
| Occupancy | $128,255 |
| Travel | $5,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,610 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,751 |
| Insurance | $19,968 |
| All other expenses | $0 |
| Total functional expenses | $865,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $647,907 |
| Savings and temporary cash investments | $14,646 |
| Pledges and grants receivable | $406,184 |
| Accounts receivable, net | $3,354 |
| 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 | $5,116 |
| Net Land, buildings, and equipment | $2,525,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,046,385 |
| Total assets | $4,648,925 |
| Accounts payable and accrued expenses | $20,004 |
| 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 | $3,550 |
| Total liabilities | $23,554 |
| Net assets without donor restrictions | $2,985,452 |
| Net assets with donor restrictions | $1,639,919 |
| 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 | $4,648,925 |