GALVESTON ROAD GROUP HOME INC

EIN: 270191773 501(c)(3) Human Services

FREDERICKSBURG, VA

Total Revenue
$68,385
Total Expenses
$50,408
Total Assets
$633,808
Net Assets
$631,505
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
VA
Principal Officer
RONALD W BRANSCOME
Phone
5403733223
Tax Period
2019-01-01 to 2019-12-31

GALVESTON ROAD GROUP HOME INC, founded in 2011, is a micro nonprofit in the Human Services sector that reported $68K in total revenue in fiscal year 2019. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18K, a strong 26% operating margin.

Mission

GALVESTON ROAD GROUP HOME, INC. IS A NOT-FOR-PROFIT ORGANIZATION WHICH IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE LAW. THE ORGANIZATION OWNS AND OPERATES A SIX BEDROOM RESIDENTIAL FACILITY FOR MENTALLY CHALLENGED AND DISABLED PERSONS, LOCATED IN STAFFORD, VIRGINIA. SUBSTANTIALLY ALL REVENUES RESULT FROM TENANT RENTALS AND RENTAL SUBSIDIES FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 8 HOUSING ASSISTANCE PROGRAM. THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTION 509(A) OF THE CODE. THE PROJECT IS A SECTION 811 PROJECT UNDER THE NATIONAL AFFORDABLE HOUSING ACT. THE ORGANIZATION IS MANAGED BY RAPPAHANNOCK AREA COMMUNITY SERVICES BOARD (RACSB). RENTAL OPERATIONS COMMENCED IN JUNE 2011.

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

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $31,507
Program Service Revenue $36,864
Investment Income $14
Other Revenue $0
TOTAL REVENUE $68,385

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,148
Fundraising Expenses $0
Program Expenses $44,703
Other Expenses $47,260
TOTAL EXPENSES $50,408

Year-over-Year Comparison

2019 2018 Change
Revenue $68,385 $35,646 +0.9%
Expenses $50,408 $47,959 +0.1%
Net Income $17,977 $-12,313 -2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD W BRANSCOME PRESIDENT 1.00
Officer Director
$0 $0 $0
CHARLES A COOPER SR VICE PRESIDE 1.00
Officer Director
$0 $0 $0
B ANNETTE JOHNSON TREASURER/SE 1.00
Officer Director
$0 $0 $0
AL COLLINS DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW ZURASKY DIRECTOR 1.00
Director
$0 $0 $0
LAWRENCE A DAVIES DIRECTOR 1.00
Director
$0 $0 $0
IRA WEST DIRECTOR 1.00
Director
$0 $0 $0
JOHN ROWLEY DIRECTOR 1.00
Director
$0 $0 $0
CHARLES A COOPER JR DIRECTOR 1.00
Director
$0 $0 $0
BETH ELKINS DIRECTOR 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
2019 $68,385 $50,408 $633,808 $17,977
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