Totals
- Total revenue
- $584,683
- Total expenses
- $333,648
- Contributions and grants received
- $311,083
- Grants paid
- $33,156
- Program service revenue
- $0
- Investment income
- $164,898
- Other revenue
- $108,702
- Total assets, end of year
- $2,678,021
- Total liabilities, end of year
- $521,477
- Net assets or fund balances, end of year
- $2,156,544
- Program services expenses (Part IX)
- $258,768
- Management and general expenses
- $62,949
- Fundraising expenses
- $11,931
- Program service expenses (Part III)
- $258,768
Program services were 77.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$86,075
-
1f · All other contributions, gifts and grants
$225,008
-
3 · Investment income
total $10,958 · excluded $10,958
-
6a · Gross rents
real property $65,343
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $65,343
-
6d · Net rental income or loss
total $65,343 · related or exempt $65,343
-
7a · Gross sales of assets other than inventory
other assets $222,500
-
7b · Less cost or other basis and sales expenses
other assets $68,560
-
7c · Gain or loss
other assets $153,940
-
7d · Net gain or loss
total $153,940 · excluded $153,940
-
8a · Fundraising events: gross income
$49,402
-
8a · Fundraising events: contributions included on line 1c
$86,075
-
8b · Fundraising events: direct expenses
$7,210
-
8c · Net income from fundraising events
total $42,192 · excluded $42,192
-
11a · Other revenue: MISCELLANEOUS
total $1,167 · excluded $1,167
-
11e · Other revenue, total
$1,167
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $33,156 · program services $33,156
-
5 · Compensation of officers, directors and key employees
total $63,306 · program services $31,653 · management and general $25,322 · fundraising $6,331
-
7 · Other salaries and wages
total $47,627 · program services $38,102 · management and general $9,525
-
8 · Pension plan contributions
total $3,096 · program services $1,946 · management and general $973 · fundraising $177
-
9 · Other employee benefits
total $1,817 · program services $1,072 · management and general $618 · fundraising $127
-
10 · Payroll taxes
total $8,430 · program services $5,304 · management and general $2,646 · fundraising $480
-
11b · Fees: legal
total $713 · program services $285 · management and general $285 · fundraising $143
-
11c · Fees: accounting
total $3,985 · program services $1,594 · management and general $1,594 · fundraising $797
-
11g · Fees: other
total $1,139 · program services $446 · management and general $470 · fundraising $223
-
12 · Advertising and promotion
total $2,090 · program services $836 · management and general $836 · fundraising $418
-
13 · Office expenses
total $12,486 · program services $4,994 · management and general $4,995 · fundraising $2,497
-
16 · Occupancy
total $96,203 · program services $88,996 · management and general $7,207
-
17 · Travel
total $1,654 · program services $661 · management and general $662 · fundraising $331
-
20 · Interest
total $2,826 · program services $2,826
-
22 · Depreciation, depletion and amortization
total $49,093 · program services $42,203 · management and general $6,890
-
23 · Insurance
total $1,028 · program services $411 · management and general $411 · fundraising $206
-
24a · Other expenses: REPAIR AFFAIR
total $3,881 · program services $3,881
-
24b · Other expenses: MISCELLANEOUS
total $1,005 · program services $402 · management and general $402 · fundraising $201
-
24c · Other expenses: BANK FEES
total $113 · management and general $113
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $175,078 · end of year $241,360
-
2 · Savings and temporary cash investments
beginning of year $318,184 · end of year $305,743
-
10a · Land, buildings and equipment: cost or other basis
$2,624,722
-
10b · Land, buildings and equipment: accumulated depreciation
$508,536
-
10c · Land, buildings and equipment, net
beginning of year $1,421,077 · end of year $2,116,186
-
15 · Other assets
beginning of year $13,624 · end of year $14,732
-
23 · Secured mortgages and notes payable
beginning of year $15,674 · end of year $514,669
-
25 · Other liabilities
beginning of year $6,780 · end of year $6,808
-
27 · Net assets without donor restrictions
beginning of year $1,902,791 · end of year $2,156,107
-
28 · Net assets with donor restrictions
beginning of year $2,718 · end of year $437
Mission and programs · 2024
Mission
GOOD NEWS HOMES IS A FAITH-BASED ORGANIZATION THAT EXISTS TO HELP DISPLACED OR AT-RISK FAMILIES, ESPECIALLY THOSE WHO ARE UNDERSERVED, FIND HOUSING AND/OR RELATED RESOURCES THAT CAN HELP THEM BECOME OR STAY SELF-SUFFICIENT.
Activities or mission (Part I)
GOOD NEWS HOMES PROVIDES TRANSITIONAL HOUSING FOR FAMILIES WHO CANNOT MAKE ENDS MEET. THEY ARE USUALLY FAMILIES, MOST OFTEN SINGLE WOMEN WITH THEIR CHILDREN, AND THEY ARE STAYING ANYWHERE THEY CAN. THE FACT THAT THEY HAVE NO HOME OF THEIR OWN MEANS THEY HAVE NO STABILITY OR FUTURE FOR THEMSELVES AND THEIR CHILDREN. WHEN GOOD NEWS IS ABLE TO HELP A FAMILY, THE RESULT IS LIFE-CHANGING.
-
PROVIDED TRANSITIONAL HOUSING & SUPPORTIVE SERVICES TO FAMILIES THROUGH THE BEDFORD, LAGRANGE, 110 ANCHOR AVE, AND ANCHOR APARTMENTS (49 ADULTS, 41 CHILDREN); PROVIDED PERMANENT HOUSING TO 2 FAMILIES THROUGH ROSEHAVEN II & WAINO HOUSE (3 ADULTS, 3 CHILDREN); PROVIDED 314 FAMILIES (384 ADULTS AND 250 CHILDREN) WITH REFERRALS, RENTAL ASSISTANCE, COUNSELING, AND ADVOCASY.
Expenses $127,569 · Grants $33,156 · Revenue $65,343
-
MAINTAIN FOUR APARTMENT BUILDINGS, A SINGLE FAMILY HOME (SOLD), AND ONE DUPLEX - INCLUDING UTILITIES, REPAIRS, AND INSURANCE ON ALL PROPERTIES
Expenses $88,996
-
DEPRECIATION EXPENSE RELATED TO HOUSING.
Expenses $42,203
-
GRANTS TO OTHER ORGANIZATIONS
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Karen SalvadalenaKAREN SALVADALENA
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Charlotte DawsonCHARLOTTE DAWSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Rick LucasRICK LUCAS
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
Jon DunlapJON DUNLAP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Matthew MooreMATTHEW MOORE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Mary Ann BowlingMARY ANN BOWLING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Stephanie SkeensSTEPHANIE SKEENS
EXECUTIVE DIRECTOR
- Total calculated
- $66,347
- From this org
- $63,306
- From related orgs
- $0
- Other
- $3,041
- Hours/week
- 40
-
Tom GraceTOM GRACE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
Bob WidmanBOB WIDMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Gary BrickenGARY BRICKEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
David StoessDAVID STOESS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Susan RueffSUSAN RUEFF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
J D JonesJ D JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533219349309198
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