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Nonprofiteer
← GOSPEL INC

Form 990 for tax year 2024

Filed by GOSPEL INC.

Totals

Total revenue
$3,604,489
Total expenses
$1,048,721
Contributions and grants received
$3,281,960
Grants paid
$5,650
Program service revenue
$148,420
Investment income
$176,148
Other revenue
-$2,039
Total assets, end of year
$7,227,978
Total liabilities, end of year
$25,098
Net assets or fund balances, end of year
$7,202,880
Program services expenses (Part IX)
$671,829
Management and general expenses
$179,760
Fundraising expenses
$197,132
Program service expenses (Part III)
$671,829

Program services were 64.1% 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.

  • 1c · Fundraising events

    $97,380

  • 1e · Government grants (contributions)

    $217,518

  • 1f · All other contributions, gifts and grants

    $2,967,062

  • 2a · Program service revenue: PROGRAM HOUSING

    total $146,239 · related or exempt $146,239

  • 2b · Program service revenue: REPURPOSE ART

    total $2,181 · related or exempt $2,181

  • 3 · Investment income

    total $30,669 · excluded $30,669

  • 7a · Gross sales of assets other than inventory

    other assets $178,740

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

    other assets $33,261

  • 7c · Gain or loss

    other assets $145,479

  • 7d · Net gain or loss

    total $145,479 · excluded $145,479

  • 8a · Fundraising events: gross income

    $12,693

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

    $97,380

  • 8b · Fundraising events: direct expenses

    $20,448

  • 8c · Net income from fundraising events

    total -$7,755 · excluded -$7,755

  • 11a · Other revenue: ONSITE LAUNDRY INCOME

    total $5,716 · excluded $5,716

  • 11e · Other revenue, total

    $5,716

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,650 · program services $5,650

  • 5 · Compensation of officers, directors and key employees

    total $196,645 · program services $97,782 · management and general $78,725 · fundraising $20,138

  • 7 · Other salaries and wages

    total $351,874 · program services $251,961 · management and general $50,304 · fundraising $49,609

  • 9 · Other employee benefits

    total $2,103 · program services $1,341 · management and general $495 · fundraising $267

  • 10 · Payroll taxes

    total $57,478 · program services $36,648 · management and general $13,521 · fundraising $7,309

  • 11b · Fees: legal

    total $60 · management and general $60

  • 11c · Fees: accounting

    total $23,048 · management and general $23,048

  • 11f · Fees: investment management

    total $7,495 · management and general $7,495

  • 11g · Fees: other

    total $1,416 · program services $903 · management and general $333 · fundraising $180

  • 12 · Advertising and promotion

    total $22,038 · program services $22,038

  • 13 · Office expenses

    total $18,989 · program services $9,973 · management and general $387 · fundraising $8,629

  • 14 · Information technology

    total $276 · management and general $276

  • 16 · Occupancy

    total $198,266 · program services $198,266

  • 17 · Travel

    total $10,379 · program services $10,379

  • 19 · Conferences, conventions and meetings

    total $14,053 · program services $11,945 · management and general $2,108

  • 23 · Insurance

    total $16,818 · program services $14,463 · management and general $2,355

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $111,000 · fundraising $111,000

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $10,480 · program services $10,480

  • 24c · Other expenses: TAXES & LICENSES

    total $653 · management and general $653

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $647,907 · end of year $285,504

  • 2 · Savings and temporary cash investments

    beginning of year $14,646 · end of year $179,800

  • 3 · Pledges and grants receivable

    beginning of year $406,184 · end of year $2,130,107

  • 4 · Accounts receivable

    beginning of year $3,354 · end of year $1,800

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,116 · end of year $6,221

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

    $3,293,956

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

    $206,982

  • 10c · Land, buildings and equipment, net

    beginning of year $2,525,333 · end of year $3,086,974

  • 15 · Other assets

    beginning of year $1,046,385 · end of year $1,537,572

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,004 · end of year $21,548

  • 25 · Other liabilities

    beginning of year $3,550 · end of year $3,550

  • 27 · Net assets without donor restrictions

    beginning of year $2,985,452 · end of year $3,546,106

  • 28 · Net assets with donor restrictions

    beginning of year $1,639,919 · end of year $3,656,774

Mission and programs · 2024

Mission

TO DEVELOP COMMUNITY WITH THE FORMERLY HOMELESS. TO OFFER SERVICES TO THE FORMERLY HOMELESS REGARDLESS OF RACE, ETHNICITY, SOCIOECONOMIC STATUS, OR RELIGIOUS AFFILIATION. TO SHARE THE LOVE OF GOD WITH ALL PEOPLE WE COME INTO CONTACT WITH.

Activities or mission (Part I)

CHRIST-CENTERED COMMUNITY: HOUSING, SPIRITUAL PROGRAMS & WORK TO THOSE LIVING AT GOSPEL VILLAGE

  • 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.

    Expenses $671,829 · Grants $5,650 · Revenue $148,420

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Greg Riching

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Shawn Jones

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Deb Funkhouser

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Kathy Rubo

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Craig Mozhdehi

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Bob Bodolay

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kyle Clyne

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Cedric Cox

    BOARD MEMBER (AS OF 4/2024)

    Total calculated
    $0
    Hours/week
    2

  • Scott McBride

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Teresa Maio

    BOARD MEMBER (AS OF 06/24)

    Total calculated
    $0
    Hours/week
    2

  • Rachel Rose

    TOP FINANCIAL OFFICIAL

    Total calculated
    $63,073
    From this org
    $63,073
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ray Steadman

    CEO

    Total calculated
    $133,572
    From this org
    $125,765
    From related orgs
    $0
    Other
    $7,807
    Hours/week
    40

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
24 October 2025
IRS schema version
2024v5.2
Source object
202503009349300240

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