RESIDENTIAL SUPPORT SERVICES OF WAKE COUNTY INC

EIN: 561100477 501(c)(3) Human Services

RALEIGH, NC

Total Revenue
$3,734,424
Total Expenses
$2,087,691
Total Assets
$2,393,355
Net Assets
$2,393,355
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NC
Principal Officer
CHARLES RICHARD CHAPPELL
Phone
9197871214
Tax Period
2023-07-01 to 2024-06-30

RESIDENTIAL SUPPORT SERVICES OF WAKE COUNTY INC, founded in 1974, is a community nonprofit in the Human Services sector that reported $3.7M in total revenue in fiscal year 2023. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 44% operating margin.

Mission

TO PROVIDE RESIDENTIAL SUPPORT THROUGH GROUP HOMES AND SUPERVISED LIVING FACILITIES TO INDIVIDUALS WITH DEVELOPMENTAL AND OTHER DISABILITIES.

Program Service Accomplishments

Program 1
Expenses: $1,826,730 Revenue: $3,688,869

THE ORGANIZATION SERVICED OVER 100 CLIENTS IN GROUP HOMES AND SUPERVISED LIVING FACILITIES AND PROGRAMS. INDIVIDUALS LIVING IN THE GROUP HOMES RECEIVED REGULAR INSTRUCTION IN A VARIETY OF INDEPENDENT...

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THE ORGANIZATION SERVICED OVER 100 CLIENTS IN GROUP HOMES AND SUPERVISED LIVING FACILITIES AND PROGRAMS. INDIVIDUALS LIVING IN THE GROUP HOMES RECEIVED REGULAR INSTRUCTION IN A VARIETY OF INDEPENDENT LIVING SKILLS. THESE SKILLS INCLUDED PERSONAL CARE, SHOPPING, COOKING, AND HOUSEKEEPING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,000
Program Service Revenue $3,688,869
Investment Income $28,885
Other Revenue $15,670
TOTAL REVENUE $3,734,424

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,324,613
Fundraising Expenses $0
Program Expenses $1,826,730
Other Expenses $763,078
TOTAL EXPENSES $2,087,691

Year-over-Year Comparison

2023 2022 Change
Revenue $3,734,424 $1,910,303 +1.0%
Expenses $2,087,691 $1,653,745 +0.3%
Net Income $1,646,733 $256,558 +5.4%
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

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
51
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
$137,414
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES RICHARD CHAPPELL EXECUTIVE DI 40.00
Officer
$125,663 $11,751 $137,414
MEREDITH CLAWSON DIRECTOR 1.00
Director
$0 $0 $0
LIBBY HOOKER DIRECTOR 1.00
Director
$0 $0 $0
JOANNA MAGUIRE DIRECTOR 1.00
Director
$0 $0 $0
BECKY SWINSON TREASURER 1.00
Director
$0 $0 $0
VICKIE WHITE 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
2025 No data No data No data No data
2024 $3,734,424 $2,087,691 $2,393,355 $1,646,733
2023 $1,910,303 $1,653,745 $746,622 $256,558
2022 $1,579,787 $1,729,837 $490,064 $-150,050
2021 $1,447,092 $1,528,143 $640,114 $-81,051
2020 $1,812,509 $1,504,274 $721,165 $308,235
2019 $1,375,935 $1,521,193 $412,930 $-145,258
2018 $1,551,603 $1,495,202 $558,188 $56,401
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