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Nonprofiteer
← INTER-FAITH ALLIANCE CORPORATION

Form 990 for tax year 2023

Filed by INTER-FAITH ALLIANCE CORPORATION.

Totals

Total revenue
$447,607
Total expenses
$836,597
Contributions and grants received
$375,836
Grants paid
$0
Program service revenue
$19,625
Investment income
$0
Other revenue
$52,146
Total assets, end of year
$80,017
Total liabilities, end of year
$632,856
Net assets or fund balances, end of year
-$552,839
Program services expenses (Part IX)
$591,087
Management and general expenses
$96,017
Fundraising expenses
$149,493
Program service expenses (Part III)
$591,087

Program services were 70.7% 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.

  • 1e · Government grants (contributions)

    $82,237

  • 1f · All other contributions, gifts and grants

    $293,599

  • 2a · Program service revenue: TRANSITIONAL HOUSING INCOME

    total $19,625 · excluded $19,625

  • 6a · Gross rents

    real property $12,900

  • 6c · Rental income or loss

    real property $12,900

  • 6d · Net rental income or loss

    total $12,900 · related or exempt $12,900

  • 8a · Fundraising events: gross income

    $43,760

  • 8b · Fundraising events: direct expenses

    $7,343

  • 8c · Net income from fundraising events

    total $36,417

  • 11a · Other revenue: OTHER INCOME

    total $2,829 · related or exempt $2,829

  • 11e · Other revenue, total

    $2,829

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $475,355 · program services $356,516 · management and general $47,536 · fundraising $71,303

  • 9 · Other employee benefits

    total $82,564 · program services $61,923 · management and general $8,256 · fundraising $12,385

  • 10 · Payroll taxes

    total $39,942 · program services $29,957 · management and general $3,994 · fundraising $5,991

  • 11a · Fees: management

    total $31,600 · program services $23,700 · management and general $3,160 · fundraising $4,740

  • 11b · Fees: legal

    total $3,030 · program services $909 · management and general $1,818 · fundraising $303

  • 11c · Fees: accounting

    total $4,000 · management and general $4,000

  • 11e · Fees: professional fundraising services

    total $33,454 · fundraising $33,454

  • 12 · Advertising and promotion

    total $7,577 · fundraising $7,577

  • 13 · Office expenses

    total $13,839 · program services $2,768 · management and general $6,920 · fundraising $4,151

  • 16 · Occupancy

    total $62,329 · program services $43,630 · management and general $12,466 · fundraising $6,233

  • 20 · Interest

    total $1,158 · program services $1,042 · management and general $116

  • 22 · Depreciation, depletion and amortization

    total $9,147 · program services $8,233 · management and general $914

  • 23 · Insurance

    total $12,687 · program services $11,418 · management and general $1,269

  • 24a · Other expenses: BUILDING MAINTENANCE

    total $21,229 · program services $19,106 · management and general $2,123

  • 24b · Other expenses: MINISTRY PROJECTS

    total $9,022 · program services $9,022

  • 24c · Other expenses: CLEANING EXPENSE

    total $8,530 · program services $8,530

  • 24d · Other expenses: KITCHEN EXPENSE

    total $6,319 · program services $6,319

  • 24e · All other expenses

    total $14,815 · program services $8,014 · management and general $3,445 · fundraising $3,356

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $232,009

  • 4 · Accounts receivable

    beginning of year $3,136 · end of year $878

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,214 · end of year $7,361

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

    $161,715

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

    $89,937

  • 10c · Land, buildings and equipment, net

    beginning of year $80,925 · end of year $71,778

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,503 · end of year $65,473

  • 23 · Secured mortgages and notes payable

    beginning of year $32,023 · end of year $19,124

  • 25 · Other liabilities

    beginning of year $424,607 · end of year $548,259

  • 27 · Net assets without donor restrictions

    beginning of year -$163,849 · end of year -$552,839

Mission and programs · 2023

Mission

THE MISSION IS DEDICATED TO SERVING THE HOMELESS, POOR AND ADDICTED POPULATIONS OF CLEVELAND COUNTY NC AND SURROUNDING AREAS

  • TO PROVIDE ACCESS TO BASIC NEEDS AS WELL AS OPPORTUNITIES FOR RECOVERY, PERSONAL GROWTH AND DEVELOPMENT, THE MISSION ENABLES PEOPLE TO BEGIN THEIR JOURNEY OUT OF CRISIS AND INTO SELF-SUFFICIENCY.

    Expenses $591,087 · Revenue $19,625

As filed on the 2023 return.

Listed in Part VII

  • Dr Larry Allen

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joey Hamrick

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • Michael Houston

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tom Martin

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bob Melton

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nicole Mosley

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jess Powell

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

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
2023
Filed
17 September 2024
IRS schema version
2023v5.0
Source object
202432619349301408

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