ST THERESE HOUSE INC

EIN: 581871368 501(c)(3) Housing & Shelter

ATLANTA, GA

Total Revenue
$39,598
Total Expenses
$122,627
Total Assets
$301,589
Net Assets
$301,589
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
GA
Principal Officer
GREGORY W BLOUNT
Phone
4048853291
Tax Period
2019-01-01 to 2019-12-31

ST THERESE HOUSE INC, founded in 2012, is a micro nonprofit in the Housing & Shelter sector that reported $40K in total revenue in fiscal year 2019. Revenue surged 106% from the prior year, signaling strong growth momentum. Expenses of $123K exceeded revenue, resulting in a 210% operating deficit.

Mission

MENTAL ILLNESS AND HOMELESS. ST. THERESE HOUSE, INC. FORMERLY OWNED A TRANSITIONAL HOUSING FACILITY LOCATED AT 806 KIRKWOOD AVE., SE, ATLANTA, GEORGIA, 30316-1226. THIS FACILITY WAS LEASED FOR A NUMBER OF YEARS TO AFTERCARE RESIDENTIAL, INC. ("AFTERCARE") TO PROVIDE SUPPORTIVE SERVICES FOR RESIDENTS OF THIS TRANSITIONAL HOUSING FACILITY. TRANSITIONAL HOUSING IS DESIGNED TO HELP MENTALLY ILL RESIDENTS TRANSITION FROM INCARCERATION OR OTHER INSTITUTIONAL SETTINGS TO MAINSTREAM SOCIETY THROUGH SUPPORTIVE PROGRAMS AT THE HOUSING FACILITY. AFTERCARE USED STATE AND FEDERAL GRANT FUNDS TO OPERATE THE PROGRAM AND LEASED THE FACILITY FROM ST. THERESE HOUSE. THE FACILITY WAS FOUNDED AND BUILT BY THE LEADERSHIP OF A PRIEST AT HOLY COMFORTER EPISCOPAL CHURCH OF ATLANTA, ALTHOUGH THERE IS CURRENTLY NO FORMAL RELATIONSHIP WITH EITHER HOLY COMFORTER EPISCOPAL CHURCH OR AFTERCARE, EXCEPT AS A FORMER TENANT OF THE FACILITY. AFTERCARE FORMERLY USED THE PROCEEDS FROM STATE AND FEDERAL GRANTS TO OPERATE PROGRAMS AT THE FACILITY AND TO PAY ST. THERESE HOUSE RENT. THE FACILITY SERVED APPROXIMATELY 8 TO 12 TEMPORARY RESIDENTS WHILE IN OPERATION. RESIDENTS WERE ENCOURAGED TO TAKE ADVANTAGE OF DAY PROGRAMS OFFERED AT NEARBY HOLY COMFORTER EPISCOPAL CHURCH. ST. THERESE HOUSE BOARD MEMBERS SOUGHT TO MAINTAIN SUPPORTIVE RELATIONSHIPS WITH RESIDENTS AS APPROPRIATE OVER THE YEARS. ST. THERESE HOUSE USED THE RENT TO MAINTAIN THE HOUSE, PAY INSURANCE, AND MAKE GRANTS TO SUPPORT OTHER MENTAL HEALTH AND HOMELESS SUPPORTIVE PROGRAMS AT HOLY COMFORTER EPISCOPAL CHURCH AND OTHER CHARITIES SERVING THIS MISSION.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $39,598
Other Revenue $0
TOTAL REVENUE $39,598

Expense Breakdown

Grants Paid $122,504
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $122,627
Other Expenses $123
TOTAL EXPENSES $122,627

Year-over-Year Comparison

2019 2018 Change
Revenue $39,598 $19,254 +1.1%
Expenses $122,627 $10,073 +11.2%
Net Income $-83,029 $9,181 -10.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
2
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM PRINCIPE BOARD MEMBER 0.25
Director
$0 $0 $0
DAVID KIRK BOARD MEMBER 0.25
Director
$0 $0 $0
GREGORY W BLOUNT CEO 0.50
Officer
$0 $0 $0
LEE MILLER TREASURER 1.00
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
2019 $39,598 $122,627 $301,589 $-83,029
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