PROJECT HOME FOUNDATION

EIN: 833114962 501(c)(3) Philanthropy & Grantmaking

NORTH CHARLESTON, SC

Total Revenue
$64,645
Total Expenses
$50,329
Total Assets
$304,323
Net Assets
$304,323
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
SC
Principal Officer
KIM WILSON
Phone
8433438425
Tax Period
2019-10-01 to 2020-09-30

PROJECT HOME FOUNDATION, founded in 2019, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $65K in total revenue in fiscal year 2019. Revenue fell 79% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $14K, a strong 22% operating margin.

Mission

PROJECT H.O.M.E. IS AN INITIATIVE TO PROVIDE A SAFE, CARING, AND SUPPORTIVE ENVIRONMENT FOR HOMELESS OR DISPLACED TEENAGE BOYS IN THE NORTH CHARLESTON, SC AREA. WE WILL DO THIS BY PROVIDING A HOME AND ESTABLISHING A FAMILY ENVIRONMENT WHICH WILL INCLUDE HOUSE PARENTS, FOOD, CLOTHING, AND STRUCTURED LIVING. THE HOME WILL HOUSE UP TO 4 STUDENTS AT ANY GIVEN TIME. RESEARCH SHOWS A LARGE DROP-OUT RATE AMONG HOMELESS STUDENTS AND PROJECT H.O.M.E. ASPIRES TO PROVIDE THEM WITH MUCH NEEDED ASSISTANCE TO SEE THESE YOUNG MEN THROUGH HIGH SCHOOL GRADUATION, AND POTENTIALLY BREAK THE CYCLE OF HOMELESSNESS IN THEIR LIVES.

Program Service Accomplishments

Program 1
Expenses: $42,575

OUR EXPECTED OUTCOMES ARE TO SEE A DECREASE IN DROP-OUT RATES FOR MALE STUDENTS THAT ARE DISPLACED AND PARTICIPATE IN THE PROGRAM; AN INCREASE IN ACADEMIC GRADES, INCLUDING GPA FOR PARTICIPATING...

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OUR EXPECTED OUTCOMES ARE TO SEE A DECREASE IN DROP-OUT RATES FOR MALE STUDENTS THAT ARE DISPLACED AND PARTICIPATE IN THE PROGRAM; AN INCREASE IN ACADEMIC GRADES, INCLUDING GPA FOR PARTICIPATING STUDENTS; AN INCREASE IN PARTICIPANT'S SCHOOL ATTENDANCE; AND A HIGHER PERCENTAGE OF STUDENTS THAT PARTICIPATE IN THE PROGRAM PURSUING HIGHER EDUCATION.THREE STUDENTS RESIDED AT MICKEY'S HOUSE FOR THE MAJORITY OF THE 2019-2020 ACADEMIC SCHOOL YEAR. TWO OF THE STUDENTS GRADUATED FROM HIGH SCHOOL IN JUNE OF 2020. ONE STUDENT WAS ACCEPTED AT CHARLESTON SOUTHERN AND IS CURRENTLY A FULL-TIME STUDENT. THE THIRD STUDENT FINISHED THE YEAR STRONG ACADEMICALLY AND IS CURRENTLY A SENIOR AND ON TRACK TO GRADUATE THIS YEAR. HE HAS LIVED AT MICKEY'S HOUSE FOR THREE YEARS.

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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 $64,645
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $64,645

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $42,575
Other Expenses $50,329
TOTAL EXPENSES $50,329

Year-over-Year Comparison

2019 2018 Change
Revenue $64,645 $309,103 -0.8%
Expenses $50,329 $19,096 +1.6%
Net Income $14,316 $290,007 -1.0%
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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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM WILSON PRESIDENT 5.00
Officer Director
$0 $0 $0
KATHLEEN LOVE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BETSY WILSON SECRETARY/TREASURER 10.00
Officer Director
$0 $0 $0
TRACY BURGESS BOARD MEMBER 1.00
Director
$0 $0 $0
MARLIN BURWELL BOARD MEMBER 1.00
Director
$0 $0 $0
RHONDA JEROME BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA TAYLOR BOARD MEMBER 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
2020 $64,645 $50,329 $304,323 $14,316
2019 $309,103 $19,096 $290,007 $290,007
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