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Nonprofiteer
← GOOD NEWS SHELTER CORPORATION

Form 990 for tax year 2023

Filed by GOOD NEWS SHELTER CORPORATION.

Totals

Total revenue
$329,213
Total expenses
$310,040
Contributions and grants received
$252,136
Grants paid
$28,916
Program service revenue
$0
Investment income
$2,204
Other revenue
$74,873
Total assets, end of year
$1,927,963
Total liabilities, end of year
$22,454
Net assets or fund balances, end of year
$1,905,509
Program services expenses (Part IX)
$240,177
Management and general expenses
$58,997
Fundraising expenses
$10,866
Program service expenses (Part III)
$240,177

Program services were 77.5% 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

    $157,228

  • 1f · All other contributions, gifts and grants

    $94,908

  • 3 · Investment income

    total $2,204 · excluded $2,204

  • 6a · Gross rents

    real property $52,186

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $52,186

  • 6d · Net rental income or loss

    total $52,186 · related or exempt $52,186

  • 8a · Fundraising events: gross income

    $27,607

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

    $157,228

  • 8b · Fundraising events: direct expenses

    $7,558

  • 8c · Net income from fundraising events

    total $20,049 · excluded $20,049

  • 11a · Other revenue: MISCELLANEOUS

    total $2,638 · excluded $2,638

  • 11e · Other revenue, total

    $2,638

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $28,916 · program services $28,916

  • 5 · Compensation of officers, directors and key employees

    total $61,810 · program services $30,905 · management and general $24,724 · fundraising $6,181

  • 7 · Other salaries and wages

    total $49,347 · program services $39,976 · management and general $9,371

  • 10 · Payroll taxes

    total $8,329 · program services $5,318 · management and general $2,550 · fundraising $461

  • 11b · Fees: legal

    total $305 · program services $122 · management and general $122 · fundraising $61

  • 11c · Fees: accounting

    total $4,436 · program services $1,775 · management and general $1,774 · fundraising $887

  • 11g · Fees: other

    total $742 · program services $297 · management and general $297 · fundraising $148

  • 12 · Advertising and promotion

    total $837 · program services $335 · management and general $335 · fundraising $167

  • 13 · Office expenses

    total $9,771 · program services $3,908 · management and general $3,909 · fundraising $1,954

  • 16 · Occupancy

    total $93,331 · program services $85,354 · management and general $7,977

  • 17 · Travel

    total $1,531 · program services $612 · management and general $613 · fundraising $306

  • 20 · Interest

    total $109 · program services $109

  • 22 · Depreciation, depletion and amortization

    total $45,554 · program services $39,649 · management and general $5,905

  • 23 · Insurance

    total $1,295 · program services $518 · management and general $518 · fundraising $259

  • 24a · Other expenses: MISCELLANEOUS

    total $2,208 · program services $883 · management and general $883 · fundraising $442

  • 24b · Other expenses: REPAIR AFFAIR

    total $1,500 · program services $1,500

  • 24c · Other expenses: BANK FEES

    total $19 · management and general $19

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $226,947 · end of year $175,078

  • 2 · Savings and temporary cash investments

    beginning of year $217,980 · end of year $318,184

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

    $1,900,589

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

    $479,512

  • 10c · Land, buildings and equipment, net

    beginning of year $1,454,807 · end of year $1,421,077

  • 15 · Other assets

    beginning of year $12,415 · end of year $13,624

  • 23 · Secured mortgages and notes payable

    beginning of year $18,728 · end of year $15,674

  • 25 · Other liabilities

    beginning of year $7,085 · end of year $6,780

  • 27 · Net assets without donor restrictions

    beginning of year $1,882,718 · end of year $1,902,791

  • 28 · Net assets with donor restrictions

    beginning of year $3,618 · end of year $2,718

Mission and programs · 2023

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 26 FAMILIES THROUGH THE BEDFORD, SMITH, AND ANCHOR APARTMENTS (30 ADULTS, 45 CHILDREN); PROVIDED PERMANENT HOUSING TO 3 FAMILIES THROUGH ROSEHAVEN II & WAINO HOUSE (3 ADULTS, 3 CHILDREN); PROVIDED EMERGENCY SERVICES THROUGH UNITED CHARITIES IN HENRY AND TRIMBLE COUNTIES FOR 27 FAMILIES (35 ADULTS, 29 CHILDREN).

    Expenses $115,174 · Grants $28,916 · Revenue $52,186

  • MAINTAIN THREE APARTMENT BUILDINGS, A SINGLE FAMILY HOME, AND ONE DUPLEX - INCLUDING UTILITIES, REPAIRS, AND INSURANCE ON ALL PROPERTIES

    Expenses $85,354

  • DEPRECIATION EXPENSE RELATED TO HOUSING.

    Expenses $39,649

  • GRANTS TO OTHER ORGANIZATIONS

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karen Salvadalena

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Charlotte Dawson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Rick Lucas

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • Jon Dunlap

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Denise Hall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Mary Ann Bowling

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Stephanie Skeens

    EXECUTIVE DIRECTOR

    Total calculated
    $60,251
    From this org
    $60,251
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tom Grace

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • Bob Widman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Gary Bricken

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • David Stoess

    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
2023
Filed
12 June 2024
IRS schema version
2023v5.0
Source object
202421729349301402

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