Good Shepherd Ministries of Wilmington Inc

EIN: 561566178 501(c)(3) Housing & Shelter

Wilmington, NC

Total Revenue
$6,520,454
Total Expenses
$6,105,783
Total Assets
$5,976,659
Net Assets
$5,016,797
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NC
Principal Officer
KATRINA KNIGHT
Phone
9102519862
Tax Period
2024-07-01 to 2025-06-30

Good Shepherd Ministries of Wilmington Inc, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $6.5M in total revenue in fiscal year 2024. Expenses of $6.1M left a modest 6% surplus.

Mission

The mission of Good Shepherd is to feed the hungry, shelter the homeless and foster transition to housing.

Program Service Accomplishments

Program 1
Expenses: $5,492,322 Revenue: $165,197

The mission of Good Shepherd Ministries, Inc. is to feed the hungry, shelter the homeless and foster transition to housing. Established as a modest Soup Kitchen in 1983, Good Shepherd Center has...

Read more

The mission of Good Shepherd Ministries, Inc. is to feed the hungry, shelter the homeless and foster transition to housing. Established as a modest Soup Kitchen in 1983, Good Shepherd Center has evolved over the years to provide an array of programs addressing hunger and homelessness. The Day Shelter provides the chronically homeless with a low-demand safe haven where they may receive mail and clean clothing, and access restrooms and showers. Guests also benefit from an on-site medical clinic, operated in partnership with the New Hanover County Health Department, which provides free, non-threatening access to health screenings, prescriptions, wound care, vaccinations, and health education.Annually, our Second Helpings program redistributes more than 500 tons of salvaged food that would otherwise have been thrown away to area programs serving food insecure households, in addition to enabling our Soup Kitchen to serve as many as 120,000 meals a year to the hungry.Already the largest provider of homeless services in the Tri-County area, Good Shepherd opened a Night Shelter in 2005 to better respond to unmet need for emergency overnight beds. Open every night, year-round, the shelter accommodates up to 118 homeless men, women, and families with children each night, providing them not only a bed, but access to food, clothing, restrooms, showers, individual case management and housing facilitation. On average, as many as 100 individuals seek shelter with us each night, including a number of families experiencing a housing crisis. In a typical year, 150 homeless guests are assisted in transitioning from the shelter to housing through the financial assistance and intensive case management offered by our Rapid Rehousing program. Good Shepherd is heavily volunteer-driven, with more than 500 individuals from around the community donating their time and talent to the success of our work.The Sgt. Eugene Ashley Center provides short-term, transitional Bridge Housing for up to 16 homeless Veterans at a time. Bridge housing is a short-term solution for Veterans who have been offered and accepted a permanent housing intervention but are still working on access to that housing. The program is based on the low-barrier Housing First model to end homelessness among Veterans. Length of stay is individually determined based on need, but in general, is not expected to exceed 90 days. In addition, eight units of Permanent Supportive Housing provide affordable housing with supportive services to chronically homeless men with disabilities.SECU Lakeside Reserve provides 40 units Permanent Supportive Housing -- a Best Practice housing intervention for the chronically homeless -- and common spaces, including a lobby, case manager's office, communal kitchen, TV room, and laundry facilities. Residents pay no more than 30% of their income for rent, ensuring they can still afford groceries, medications, and other household necessities. Together, these programs serve as an essential safety net of emergency services while also proving housing-based solutions that end the homelessness of our neighbors in crisis.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,777,273
Program Service Revenue $163,037
Investment Income $151,857
Other Revenue $428,287
TOTAL REVENUE $6,520,454

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $2,284,798
Fundraising Expenses $249,819
Program Expenses $5,492,322
Other Expenses $3,800,985
TOTAL EXPENSES $6,105,783

Year-over-Year Comparison

2024 2023 Change
Revenue $6,520,454 $6,090,205 +0.1%
Expenses $6,105,783 $6,886,536 -0.1%
Net Income $414,671 $-796,331 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
58
Volunteers
500

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
5
$172,624
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY DENLINGER CHAIR 4.00
Officer Director
$0 $0 $0
VERA NEWKIRK VICE CHAIR 4.00
Officer Director
$0 $0 $0
CINDY KUHNE TREASURER 4.00
Officer Director
$0 $0 $0
ELLEN LOSCH SECRETARY 4.00
Officer Director
$0 $0 $0
DR UMAR BOWERS DIRECTOR 4.00
Director
$0 $0 $0
DR JESSICA CANNON DIRECTOR 4.00
Director
$0 $0 $0
KATIE CORPENING DIRECTOR 4.00
Director
$0 $0 $0
DR MOUHCINE GUETTABI DIRECTOR 4.00
Director
$0 $0 $0
PAM HARDY DIRECTOR 4.00
Director
$0 $0 $0
SONYA HENRY DIRECTOR 4.00
Director
$0 $0 $0
MATT THOMPSON DIRECTOR 4.00
Director
$0 $0 $0
KATRINA KNIGHT EXECUTIVE DIRECTOR 40.00
Officer
$156,768 $15,856 $172,624
LAUREN HENDERSON CHIEF FINANCE & OPERATIONS 40.00
Highest
$128,374 $14,720 $143,094
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 $6,520,454 $6,105,783 $5,976,659 $414,671
2024 $6,090,205 $6,886,536 $5,554,650 $-796,331
2023 $5,675,126 $5,422,318 $6,280,150 $252,808
2022 $5,829,683 $5,574,618 $5,944,318 $255,065
2021 $8,131,526 $7,639,388 $5,776,834 $492,138
2020 $5,001,503 $4,485,696 $5,217,114 $515,807
2019 $5,399,100 $4,656,084 $4,706,530 $743,016
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Good Shepherd Ministries of Wilmington Inc with other nonprofits in North Carolina and across the country.