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Nonprofiteer
← CARYING PLACE INCORPORATED

Form 990 for tax year 2025

Filed by CARYING PLACE INCORPORATED.

Totals

Total revenue
$5,783,767
Total expenses
$981,807
Contributions and grants received
$5,774,294
Grants paid
$0
Program service revenue
$13,372
Investment income
$55,402
Other revenue
-$59,301
Total assets, end of year
$9,539,177
Total liabilities, end of year
$239,768
Net assets or fund balances, end of year
$9,299,409
Program services expenses (Part IX)
$737,098
Management and general expenses
$109,520
Fundraising expenses
$135,189
Program service expenses (Part III)
$737,098

Program services were 75.1% 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.

  • 1a · Federated campaigns

    $25,000

  • 1c · Fundraising events

    $564,639

  • 1e · Government grants (contributions)

    $386,439

  • 1f · All other contributions, gifts and grants

    $4,798,216

  • 1g · Noncash contributions included above

    $355,576

  • 2a · Program service revenue: GRADUATE PROGRAM FEES

    total $10,044 · related or exempt $10,044

  • 2b · Program service revenue: APPLICATION FEES

    total $3,328 · related or exempt $3,328

  • 3 · Investment income

    total $62,641 · excluded $62,641

  • 6a · Gross rents

    real property $10,542

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $10,542

  • 6d · Net rental income or loss

    total $10,542 · excluded $10,542

  • 7b · Less cost or other basis and sales expenses

    other assets $7,239

  • 7c · Gain or loss

    other assets -$7,239

  • 7d · Net gain or loss

    total -$7,239 · excluded -$7,239

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $564,639

  • 8b · Fundraising events: direct expenses

    $69,843

  • 8c · Net income from fundraising events

    total -$69,843 · excluded -$69,843

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $111,531 · program services $79,187 · management and general $10,038 · fundraising $22,306

  • 7 · Other salaries and wages

    total $408,160 · program services $289,794 · management and general $36,734 · fundraising $81,632

  • 8 · Pension plan contributions

    total $4,951 · program services $3,515 · management and general $446 · fundraising $990

  • 9 · Other employee benefits

    total $17,170 · program services $12,191 · management and general $1,545 · fundraising $3,434

  • 10 · Payroll taxes

    total $42,884 · program services $30,521 · management and general $3,730 · fundraising $8,633

  • 11c · Fees: accounting

    total $3,600 · management and general $3,600

  • 11g · Fees: other

    total $36,568 · management and general $36,568

  • 13 · Office expenses

    total $13,409 · program services $9,520 · management and general $1,207 · fundraising $2,682

  • 16 · Occupancy

    total $105,087 · program services $105,087

  • 20 · Interest

    total $12,461 · program services $12,461

  • 22 · Depreciation, depletion and amortization

    total $68,717 · program services $68,558 · management and general $48 · fundraising $111

  • 23 · Insurance

    total $34,588 · program services $27,919 · management and general $4,532 · fundraising $2,137

  • 24a · Other expenses: RESTRICTED FUND EXPENSE

    total $54,572 · program services $54,572

  • 24b · Other expenses: OTHER ADMIN. EXPENSES

    total $31,046 · program services $16,455 · management and general $6,519 · fundraising $8,072

  • 24c · Other expenses: OFFICE RENT & UTILITIES

    total $25,791 · program services $18,356 · management and general $2,243 · fundraising $5,192

  • 24d · Other expenses: OTHER PROGRAM EXPENSES

    total $8,962 · program services $8,962 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $2,310 · management and general $2,310

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $810,969 · end of year $10,407

  • 2 · Savings and temporary cash investments

    beginning of year $410,647 · end of year $2,980,582

  • 3 · Pledges and grants receivable

    beginning of year $274,780 · end of year $2,918,543

  • 4 · Accounts receivable

    beginning of year $322,334 · end of year $25,244

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,175 · end of year $8,680

  • 10a · Land, buildings and equipment: cost or other basis

    $3,024,401

  • 10b · Land, buildings and equipment: accumulated depreciation

    $496,417

  • 10c · Land, buildings and equipment, net

    beginning of year $1,916,674 · end of year $2,527,984

  • 11 · Investments: publicly traded securities

    beginning of year $881,275 · end of year $1,007,137

  • 14 · Intangible assets

    beginning of year $21,668

  • 15 · Other assets

    beginning of year $305,854 · end of year $60,600

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,484 · end of year $53,426

  • 19 · Deferred revenue

    beginning of year $4,000

  • 23 · Secured mortgages and notes payable

    beginning of year $210,222 · end of year $185,131

  • 25 · Other liabilities

    beginning of year $307,494 · end of year $1,211

  • 27 · Net assets without donor restrictions

    beginning of year $3,136,956 · end of year $3,823,584

  • 28 · Net assets with donor restrictions

    beginning of year $1,235,220 · end of year $5,475,825

Mission and programs · 2025

Mission

TEACHING HOMELESS WORKING FAMILIES WITH CHILDREN LIFE SKILLS FOR ATTAINING INDEPENDENT LIVING, WHILE PROVIDING SHORT-TERM HOUSING AND SUPPORT SERVICES.

  • THE CARING PLACE'S (TCP) 16-WEEK LIFE SKILLS AND SHORT-TERM TRANSITIONAL HOUSING PROGRAM HELPS HOMELESS, WORKING FAMILIES MAKE THE TRANSITION TO ADEQUATE PERMANENT HOUSING AND SELF-SUFFICIENCY. WE SERVE ABOUT 36 FAMILIES A YEAR IN OUR HOUSING, WITH AN AVERAGE OF 2 TO 3 CHILDREN PER FAMILY. THEY LIVE RENT- AND UTILITY-FREE WHILE IN A TCP-OWNED PROPERTY. TCP IS THE ONLY LIFE SKILLS TRAINING AND SHORT-TERM TRANSITIONAL HOUSING PROGRAM IN CARY AND WESTERN WAKE COUNTY. OUR PROGRAM GOAL IS TO PREPARE FAMILIES FOR POST-PROGRAM HOUSING AND TO IMPROVE THEIR ABILITY TO PAY ALL OF THEIR NECESSARY LIVING EXPENSES. FAMILIES ARE ALSO ENCOURAGED TO MAINTAIN SAVINGS FOR EMERGENCIES (E.G., MEDICAL CARE, CAR REPAIRS). JUST AS IMPORTANT, FAMILIES DEVELOP THE PLANS AND SELF-CONFIDENCE NEEDED TO SUSTAIN THEIR HOUSING AND NEW LIFE SKILLS LONG-TERM.OUR PROGRAM STAFF MATCHES TRAINED ADULT SUPPORT TEAMS AND CARING SPONSOR VOLUNTEERS WITH PROGRAM PARTICIPANTS TO TEACH AND CELEBRATE PROGRESS IN FINANCIAL MANAGEMENT, PLANNING SKILLS, AND INDEPENDENT HOUSING ATTAINMENT. THESE VOLUNTEERS MEET WITH THEIR FAMILIES WEEKLY AND FOCUS ON BUDGETING, GOAL SETTING, RESOURCE LINKING, AND TIME MANAGEMENT. PARTICIPANTS REPORT WEEKLY SPENDING, ACCOMPLISHMENTS, AND CHALLENGES, AND THEN CREATE NEW GOALS AND A PLANNED BUDGET TO HELP GUIDE THEM IN SUBSEQUENT WEEKS.WE EMPLOY ABOUT 1,000 VOLUNTEERS, INCLUDING THE ONES MENTIONED ABOVE, PROPERTY VOLUNTEERS, OFFICE VOLUNTEERS, EVENT VOLUNTEERS, BOARD VOLUNTEERS, AND VARIOUS VOLUNTEER GROUPS. TCP ALSO PROVIDES A WEEKLY CHILDREN'S PROGRAM WITH STAFF AND VOLUNTEERS THAT OFFER LIFE ENRICHMENT ACTIVITIES TO THE CHILDREN IN OUR FAMILIES. THE CHILDREN'S PROGRAM OFFERS RESOURCES SUCH AS ACCESS TO CHILDCARE, EDUCATIONAL IMPROVEMENT, AND EXTRACURRICULAR/FUN SKILL-BUILDING ACTIVITIES.WE ALSO PROVIDE ONGOING LIFE SKILLS INFORMATION AND MORAL SUPPORT TO ABOUT 45 DIFFERENT GRADUATE FAMILIES ANNUALLY.

    Expenses $737,098 · Revenue $13,372

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • W Kyle Greer

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Lauren Chappell

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Stephane Daniel

    BOARD SECRETATY

    Total calculated
    $0
    Hours/week
    3
  • Amy Diebler

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Jason Barron

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1
  • Beth Byerley

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    3
  • Sidney Chow

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2
  • Cathy Connors

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    3
  • Kristin Hamrick

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2
  • Vinessia Hankins

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1
  • Kai Hill

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1
  • W Tracy Howe

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1
  • Tom Hughes

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1
  • Wa Shawnta Johnson

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1
  • Alpesh Karsalia

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1
  • Leslie Moore-Martinez

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1
  • Clark Radford

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1
  • Hannah Wait

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1
  • Dr Jacquelyn Wilson

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1
  • Paul Zarian

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1
  • Leslie Covington

    EXECUTIVE DIRECTOR

    Total calculated
    $111,531
    From this org
    $111,531
    From related orgs
    $0
    Other
    $0
    Hours/week
    48

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
2025
Filed
25 August 2026
IRS schema version
2025v4.2
Source object
202642389349300424

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