Serenity Pointe INC FY2021 filing

Tax-deductible

Dunlap, TN501(c)(3)HousingEIN 26-2381813

To provide outreach and life recovery options in rural tennessee through a "hand up, not hand out" approach

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$41K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $290K a year · 13% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$41K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $52K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$954K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.1M
+51% vs prior year
Spent
$3.9M
To programs
91%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$4.1M
FY2021▲ +51%
Revenue by fiscal year
FY2020$2.7M
FY2021$4.1M
FY2022$2.4M
FY2023$1.1M
FY2024$786K
Expenses
$3.9M
FY2021▲ +58%
Expenses by fiscal year
FY2020$2.5M
FY2021$3.9M
FY2022$1.3M
FY2023$1.1M
FY2024$807K
Net assets
$1.5M
FY2021▲ +11%
Net assets by fiscal year
FY2020$1.4M
FY2021$1.5M
FY2022$2.6M
FY2023$2.6M
FY2024$2.6M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $3.6M Management & general 9% · $338K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990; $41K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President
$35,680Pt VII · Sec A
$5,077Pt 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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

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

Provided by the organization

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3 program services account for $3.6M of program spending, described in the organization's own filed words · FY2021.
01

Thrift Store

Operated by the organization, merchandise supplied by the generouse donations of the community. Real estate investment transactions to provide income and to build an outreach building for other nonprofit activities

$3.5Mprogram 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.

$91Kprogram 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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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.1M
Ln 12
Fees for servicesLn 2g$2.7M
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$148K
Money outPt IX
$3.9M
Ln 25
Programscol B$3.6M
Managementcol C$338K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$374K
Total assetsLn 16$2.5M
LiabilitiesLn 26$954K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$4K
Other incomeLn 4–11$148K
Gains on assetsLn 7$0
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$374K
SavingsLn 2$0
Cash and savings togetherLn 1–2$374K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.7M
Other assetsLn 15$328K
Total assetsLn 16$2.5M
LiabilitiesLn 26$954K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 545
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$450K$374K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.7M$1.7M
Total assetsLn 16$2.2M$2.5M
LiabilitiesLn 26$863K$954K
Net assetsLn 32$1.4M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$41K$41K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$451K$410K$41K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$42K$35K$7K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$13K$9K$4K
Advertising and promotionLn 12$15K$15K
Office expensesLn 13$4K$4K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$171K$171K
TravelLn 17$5K$5K$760
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$39K$39K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$76K$76K
InsuranceLn 23$28K$26K$2K
Other expenses (24a–d)Ln 24$2.9M$2.7M$230K
All other expensesLn 24e$154K$146K$9K
Total functional expensesLn 25$3.9M$3.6M$338K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $786K$807K−$21K$2.6M 990 PDF
FY2023 $1.1M$1.1M$81K$2.6M 990 PDF
FY2022 $2.4M$1.3M$1.0M$2.6M 990 PDF
FY2021 Viewing $4.1M$3.9M$156K$1.5M 990 PDF
FY2020 $2.7M$2.5M$220K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $4,102,577 across 10 lines filed
VIII-1f All other contributions, gifts and grants$1,218,486
VIII-1h Total contributions, gifts and grants$1,218,486
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,732,142$2,732,142
VIII-3 Investment incomeRelated to mission $3,906$3,906
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $148,043$148,043
VIII-12 Total revenueRelated to mission $2,884,091$4,102,577
Part IX · Statement of functional expenses $3,946,207 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $40,757$40,757
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $409,702 · Management $41,095$450,797
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $35,102 · Management $6,692$41,794
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $8,934 · Management $4,339$13,273
IX-12 Advertising and promotionPrograms $15,266$15,266
IX-13 Office expensesManagement $3,687$3,687
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $170,870$170,870
IX-17 TravelPrograms $4,643 · Management $760$5,403
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $38,751$38,751
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $76,264$76,264
IX-23 InsurancePrograms $26,361 · Management $2,013$28,374
IX-24 Other expenses (24a–d)Programs $2,676,231 · Management $230,480$2,906,711
IX-24e All other expensesPrograms $145,607 · Management $8,653$154,260
IX-25 Total functional expensesPrograms $3,607,731 · Management $338,476 · Fundraising $0$3,946,207
Part X · Balance sheet $2,490,170 assets, 19 lines filed
Asset lines not itemized here account for $7,444; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $449,670$373,956
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or useStart of year $79,335$64,544
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $1,695,006$1,716,125
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $17,939$328,101
X-16 Total assetsStart of year $2,241,950$2,490,170
X-17 Accounts payable and accrued expensesStart of year $57,851$67,451
X-25 Other liabilitiesStart of year $48,186$110,631
X-26 Total liabilitiesStart of year $862,592$954,442
X-27 Net assets without donor restrictionsStart of year $1,379,358$1,535,728
X-32 Total net assets or fund balancesStart of year $1,379,358$1,535,728
X-33 Total liabilities and net assetsStart of year $2,241,950$2,490,170
Part XI · Reconciliation of net assets $1,535,728 net assets at year end
XI-1 Total revenue$4,102,577
XI-2 Total expenses$3,946,207
XI-3 Revenue less expenses$156,370
XI-4 Net assets at start of year$1,379,358
XI-10 Net assets at end of year$1,535,728

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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