HOUSE OF JOY INC

EIN: 383654386 501(c)(3) Human Services

Zebulon, NC

Total Revenue
$109,025
Total Expenses
$106,579
Total Assets
$513,104
Net Assets
$509,467
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NC
Principal Officer
Carol Ellis
Phone
9192918321
Tax Period
2025-01-01 to 2025-12-31

HOUSE OF JOY INC, founded in 2002, is a small nonprofit in the Human Services sector that reported $109K in total revenue in fiscal year 2025. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $509K represent 56 months of operating reserves.

Mission

The mission of House of Joy is to be a storehouse that generates restoration within the individual family and community We seek to affect these areas by implementing creative programs that will serve and invest in people thus building up the community in which they live

Program Service Accomplishments

Program 1
Expenses: $42,151 Revenue: $95,333

House of Joy:General Fund - The homeplace for the operational functions of House of Joy. Here we hold Monday Night Fellowship, Life Skills Classes, Impart the Heart meetings, board meetings...

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House of Joy:General Fund - The homeplace for the operational functions of House of Joy. Here we hold Monday Night Fellowship, Life Skills Classes, Impart the Heart meetings, board meetings, committee meetings, and general business meetings. The house is also used for personal ministry, counseling, mentoring, leadership development and training, reunions, family functions and local meetings with neighboring community groups and organizations.

Program 2
Expenses: $25,844 Revenue: $1,800

Pilot Farm: An expanded platform of sustainable community development through developing a 17 acre track of land into various components of agriculture, fish farming, bees, and livestock along with...

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Pilot Farm: An expanded platform of sustainable community development through developing a 17 acre track of land into various components of agriculture, fish farming, bees, and livestock along with innovative ideas for water, energy, and community basics of living options.

Program 3
Expenses: $16,079 Revenue: $4,862

Disaster Relief: To respond to crisis situations within our community and beyond with resources of people and goods within a symbiotic relationship with other relief agencies.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $109,025
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $109,025

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $106,579
Other Expenses $106,579
TOTAL EXPENSES $106,579

Year-over-Year Comparison

2025 2024 Change
Revenue $109,025 $138,547 -0.2%
Expenses $106,579 $170,954 -0.4%
Net Income $2,446 $-32,407 -1.1%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
175

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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carol Ellis President 35.00
Officer Director
$0 $0 $0
Carrie Greenwood Board Member 2.00
Officer
$0 $0 $0
Catherine Jeffries Secretary/Treasurer 8.00
Officer
$0 $0 $0
Billy Gooch Board Member 2.00
Officer
$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 $109,025 $106,579 $513,104 $2,446
2024 $138,547 $170,954 $509,578 $-32,407
2023 $108,832 $98,508 $540,838 $10,324
2022 $113,394 $137,603 $530,048 $-24,209
2021 $91,123 $81,752 $554,024 $9,371
2020 $75,697 $78,179 $544,918 $-2,482
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