Serenity Pointe INC FY2020 filing

Public charity (501(c)(3)) Dunlap, TN EIN 26-2381813 NTEE L40
Revenue
$2.7M
FY2020 · Pt VIII · Ln 12
Expenses
$2.5M
FY2020 · Pt IX · Ln 25
Net assets
$1.4M
FY2020 · Pt X · Ln 32
To programs
96%
FY2020 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$2.7M
FY2020
Expenses
$2.5M
FY2020

Offers rural Tennesseans a hand up through life recovery and outreach programs.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Mountain Ways
$52K in the latest grant year. Details →
Spent on programs?
96% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$100K–1M

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Offers rural Tennesseans a hand up through life recovery and outreach programs.

Type
Public charity (501(c)(3)) · Housing
Location
Dunlap, TN
Website
www.serenitypointe.org
Filings
5 on file (2020–2020)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Where the money goes · FY2020
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
2.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$2.2M
FY2020
Total liabilities
$863K
FY2020
Revenue less expensesPt I · Ln 19$220K
Total assetsPt X · Ln 16$2.2M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CSerenity Pointe INC
EINHdr · item D26-2381813
Principal addressHdr · item CDunlap, TN
WebsiteHdr · item Jwww.serenitypointe.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L40)
Ruling yearIRS BMFOct 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President
$19,086Pt VII · Sec A
$11,523Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Marissa Rule’s $11K as Member is at the 8th percentile of top reported officer pay among 852 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Matthew Burdette—$1,446$35,680$19,086
Debbie V Morrison——$5,077$11,523
Marissa Rule$10,775$11,207——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $2.4M of program spending, described in the organization's own filed words · FY2020.
01

Thrift Store

Operated by the organization, merchandise supplied by the generouse donations of the community.

$2.3Mprogram expense
02

Affordable Home Program

Funded by the neighborhood strabilazation program; foreclosed properties are purchased and redeveloped then provided as affordable housing. Individuals that meet certain criteria are eligible to rent these affordable homes thus reducing the homeless population and helping the less fortunate.

$76Kprogram expense
03

Outreach Ministries and Homeless Prevention

Counseling, clothing, food, life skills classes, rent and utilites assitance.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$1.6M · 58%
Contributions & grants$978K · 36%
Other revenue$178K · 7%
Program service revenue58%$1.6M
Contributions & grants36%$978K
Other revenue7%$178K
Investment income$1K
Total revenueLn 12$2.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$2.4M
Management & general4%$113K
Total functional expensesLn 25$2.5M

Balance Sheet

Part X · end of year
CashLn 1$450K
Total assetsLn 16$2.2M
Total liabilitiesLn 26$863K
Total net assetsLn 32$1.4M
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $450K · Operating expenses/yr $2.5M
2.2 months
Where the money goes
Program services
Program services $2.4M · Total expenses $2.5M
96%
Management & General
Management & general $113K · Total expenses $2.5M
4%
Fundraising
Fundraising $0 · Total expenses $2.5M
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $978K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $978K · Total revenue $2.7M
36%
Government reliance
Government grants — · Total revenue $2.7M
—
Earned-income share
Program service revenue $1.6M · Total revenue $2.7M
58%
Investment reliance
Investment income $1K · Total revenue $2.7M
+0.05%
Program self-sufficiency
Program service revenue $1.6M · Total expenses $2.5M
63%
Growth & trend
Revenue growth (YoY)
This year $2.7M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.7M · Expenses $2.5M
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $2.2M
—
Net-asset ratio
Net assets $1.4M · Total assets $2.2M
62%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.2M
0%
People & payroll
Highest Reported Total Compensation
Individual Matthew Burdette · Reported title Vice President · Highest reported compensation $19K · Total expenses $2.5M
0.8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $542K · Total expenses $2.5M
22%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%——
Overhead ratio 4%——
Fundraising cost ratio 0%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Mountain WaysFY2025$52K
Total grants receivedfrom 1 funder$52K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$786K revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$2.4M revenue · ⤓ 990 PDF
FY2021$4.1M revenue · ⤓ 990 PDF
FY2020$2.7M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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