THE BALM IN GILEAD INC

EIN: 133696064 501(c)(3) Unknown

RICHMOND, VA

Total Revenue
$1,933,375
Total Expenses
$2,551,805
Total Assets
$816,730
Net Assets
$644,450
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
VA
Principal Officer
Pernessa Seele
Phone
8046442256
Tax Period
2024-07-01 to 2025-06-30

THE BALM IN GILEAD INC, founded in 1992, is a community nonprofit in the Unknown sector that reported $2.0M in total revenue in fiscal year 2017. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

BUILD THE CAPACITY OF FAITH COMMUNITIES TO DELIVER SERVICES THAT CONTRIBUTE TO THE ELIMINATION OF HEALTH DISPARTIES. DEVELOPS EDUCATIONAL AND TRAINING PROGRAMS SPECIFICALLY DESIGNED TO ESTABLISH SUSTAINABLE, INTERGRATED SYSTEMS OF PUBLIC HEALTH AND FAITH PRINCIPLES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,132,217
Program Service Revenue $798,028
Investment Income $0
Other Revenue $3,130
TOTAL REVENUE $1,933,375

Expense Breakdown

Grants Paid $0
Salaries & Benefits $779,308
Fundraising Expenses $0
Program Expenses $582,542
Other Expenses $1,772,497
TOTAL EXPENSES $2,551,805

Year-over-Year Comparison

2024 2023 Change
Revenue $1,933,375 $2,026,177 0.0%
Expenses $2,551,805 $3,047,807 -0.2%
Net Income $-618,430 $-1,021,630 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
12
Independent Members
11
Employees
5
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$248,846
Total Directors
11
$248,846
Key Employees
1
$248,846
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DRPERNESSA SEELE FOUNDER & CEO 50.00
Officer Director Key Emp Highest
$248,846 $0 $248,846
DRBARBRA L SHAW BOARD CHAIR 1.00
Director
$0 $0 $0
DR ELONORA P HAMB SECRETARY 1.00
Director
$0 $0 $0
CHARLES OWENS BOARD MEMBER 1.00
Director
$0 $0 $0
ERLINE BELTON CHAIR EMERITUS 1.00
Director
$0 $0 $0
BISHOP GEORGE E BATTLE JR BOARD MEMBER 1.00
Director
$0 $0 $0
REV DR CHERYL IVEY GREEN BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT JAMERSON BOARD MEMBER 1.00
Director
$0 $0 $0
SANDRA B CROWDER BOARD MEMBER 1.00
Director
$0 $0 $0
REV WILLIS STEELE VICE CHAIR 1.00
Director
$0 $0 $0
MARILYN VALENTINE MD BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,933,375 $2,551,805 $816,730 $-618,430
2024 $2,026,177 $3,047,807 $1,336,256 $-1,021,630
2023 $4,465,030 $2,961,291 $2,548,139 $1,503,739
2022 $3,807,218 $2,637,537 $1,366,503 $1,169,681
2021 $2,146,551 $2,421,079 $310,156 $-274,528
2020 $2,746,234 $2,767,980 $435,830 $-21,746
2019 $2,560,951 $2,559,125 $179,574 $1,826
2018 $2,020,687 $2,023,437 $196,205 $-2,750
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