Kings Home Inc

EIN: 630760276 501(c)(3) Human Services

Chelsea, AL

Total Revenue
$9,547,000
Total Expenses
$9,855,945
Total Assets
$5,687,378
Net Assets
$4,116,705
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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
AL
Principal Officer
Lew Burdette
Tax Period
2023-01-01 to 2023-12-31

KING'S HOME INC, founded in 1977, is a community nonprofit in the Human Services sector that reported $5.1M in total revenue in fiscal year 2018. Revenue decreased 16% compared to the prior year. Expenses of $6.2M exceeded revenue, resulting in a 22% operating deficit.

Mission

Kings Home seeks to serve and glorify God by providing Christ-centered homes and services in which compassion and competence combine to meet the needs of women, children and families escaping domestic violence and other abusive conditions.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,969,000
Program Service Revenue $3,210,868
Investment Income $-13,035
Other Revenue $380,167
TOTAL REVENUE $9,547,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,815,498
Fundraising Expenses $504,285
Program Expenses $8,531,791
Other Expenses $3,040,447
TOTAL EXPENSES $9,855,945

Year-over-Year Comparison

2023 2022 Change
Revenue $9,547,000 $9,500,404 +0.0%
Expenses $9,855,945 $9,040,900 +0.1%
Net Income $-308,945 $459,504 -1.7%
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
30
Independent Members
30
Employees
326
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
$297,729
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lew Burdette President 40.00
Officer
$265,625 $32,104 $297,729
Jim Medley Director of Development 40.00
Highest
$94,152 $16,982 $111,134
Jennifer Lackey VP of Operations 40.00
Highest
$106,098 $4,076 $110,174
David Hoyle Board Member 1.00
Director
$0 $0 $0
Ledon Jones Board Member 1.00
Director
$0 $0 $0
Kamonte Kelly Board Member 1.00
Director
$0 $0 $0
Jane Franks Board Member 1.00
Director
$0 $0 $0
Skip Donnell Board Member 1.00
Director
$0 $0 $0
Kathleen Doss Board Member 1.00
Director
$0 $0 $0
Kendall H Eagan Board Member 1.00
Director
$0 $0 $0
Sullins S Phelan Board Member 1.00
Director
$0 $0 $0
Rob Riley Life Member 1.00
Director
$0 $0 $0
Cullom Walker Jr Life Member 1.00
Director
$0 $0 $0
Tommy Brown Board Member 1.00
Director
$0 $0 $0
Brad Wood Board Member 1.00
Director
$0 $0 $0
Wesley Ratliff Board Member 1.00
Director
$0 $0 $0
Hope Watwood Board Member 1.00
Director
$0 $0 $0
Ashley Wheeler Board Member 1.00
Director
$0 $0 $0
Lois M Bradford Board Member 1.00
Director
$0 $0 $0
John Bragg Board Member 1.00
Director
$0 $0 $0
Cindy Nichols S Bowron Board Member 1.00
Director
$0 $0 $0
Tim Alvis Board Member 1.00
Director
$0 $0 $0
Todd Beard Board Member 1.00
Director
$0 $0 $0
Lisa Jernigan Bruhn Board Member 1.00
Director
$0 $0 $0
Kenneth L Dean Jr Board Member 1.00
Director
$0 $0 $0
Francie Deaton Board Member 1.00
Director
$0 $0 $0
Wiley H Cooper IV Board Member 1.00
Director
$0 $0 $0
Laura Johnston Clark Board Member 1.00
Director
$0 $0 $0
Mims J Cooper Board Member 1.00
Director
$0 $0 $0
Forrest DeBuys Immediate Past Chairman 3.00
Officer Director
$0 $0 $0
Kevin Borie Chairman of the Board of Dire 5.00
Officer Director
$0 $0 $0
Leigh Ann Moor Secretary 3.00
Officer Director
$0 $0 $0
Chris Lollar Finance Chair 3.00
Officer 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
2024 No data No data No data No data
2023 $9,547,000 $9,855,945 $5,687,378 $-308,945
2022 $9,500,404 $9,040,900 $6,775,423 $459,504
2021 $9,250,469 $8,683,520 $5,776,096 $566,949
2020 $8,845,298 $8,342,375 $5,426,499 $502,923
2019 $7,706,441 $8,298,255 $4,775,136 $-591,814
2018 $5,115,491 $6,222,961 $4,117,834 $-1,107,470
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