2024-05-15T09:45:51-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 4601 SIX FORKS ROAD SUITE 350 RALEIGH NC 27609 990 2022-07-01 561765360 PASSAGE HOME INC PASS 9198340666 PO BOX 28165 RALEIGH NC 27611 CARI BORAM CHIEF EXECUTIVE OFFICER 9198340666 2024-05-14 1 CARI BORAM 999009999 1 REBECCA FISHER P01690017 9197813581 2024-05-10 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z CARI BORAM PO BOX 28165 RALEIGH NC 27611 4628188 0 X WWW.PASSAGEHOME.ORG X 1991 NC TO BREAK THE CYCLE OF POVERTY AND CREATE MULTI-GENERATIONAL SELF-SUFFICIENCY. 16 16 47 336 0 0 4644139 3890300 670256 736739 76 1149 97096 0 5411567 4628188 1574138 1245164 0 0 2247036 1979317 0 0 2294 1379454 1507590 5200628 4732071 210939 -103883 13185958 10649821 11613800 9181546 1572158 1468275 TO BREAK THE CYCLE OF POVERTY AND CREATE MULTI-GENERATIONAL SELF-SUFFICIENCY FOR THE INDIVIDUALS AND FAMILIES OF WAKE COUNTY BY HELPING THEM ACHIEVE HOUSING AND INCOME SECURITY. 0 0 4488065 1245164 736739 PASSAGE HOME IS WAKE COUNTY'S COMMUNITY ACTION AGENCY AND SUPPORTIVE SERVICES FOR VETERAN FAMILIES PROGRAM PROVIDER. PASSAGE HOME WORKS TO PREVENT HOMELESSNESS THROUGH HOUSING STABILIZATION SERVICES; TO INCREASE FAMILY FINANCIAL STABILITY THROUGH WORKFORCE DEVELOPMENT SUPPORT; AND TO MINIMIZE THE TRAUMATIC EFFECTS OF HOMELESSNESS AND POVERTY ON CHILDREN THROUGH INTERVENTIONS TARGETING SOCIAL AND EMOTIONAL DEVELOPMENT. ADDITIONALLY, PASSAGE HOME MANAGES OVER 80 AFFORDABLE HOUSING UNITS IN RALEIGH AND WORKS IN PARTNERSHIP WITH LOCAL STAKEHOLDERS TO FACILITATE THE DEVELOPMENT OF ADDITIONAL AFFORDABLE HOUSING PROJECTS IN OUR COMMUNITY. 4488065 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 156 0 1 47 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 1 1 1 0 NC X CARI BORAM 9198430666 513 BRANCH STREET RALEIGH NC 27601 CHRIS FOYLES BOARD CHAIR 1.00 X X 0 0 0 YASMIN MORTON VICE CHAIR 1.00 X X 0 0 0 MICHELLE CASSELL TREASURER 1.00 X X 0 0 0 EMMA PAUL SECRETARY 1.00 X X 0 0 0 JENNIFER LAMPMAN DIRECTOR 1.00 X 0 0 0 SIMON AKHAMIE DIRECTOR 1.00 X 0 0 0 RUSSELL ALLEN DIRECTOR 1.00 X 0 0 0 DEMIAN DELLINGER DIRECTOR 1.00 X 0 0 0 MOLLY STUART DIRECTOR 1.00 X 0 0 0 CORTINA CLARKSON DIRECTOR 1.00 X 0 0 0 JESSIE TALIAFERRO DIRECTOR 1.00 X 0 0 0 DON MIAL DIRECTOR 1.00 X 0 0 0 JESSIKA GORE DIRECTOR 1.00 X 0 0 0 MONIKA JOHNSON-HOSTELER DIRECTOR 1.00 X 0 0 0 COREY BRANCH DIRECTOR 1.00 X 0 0 0 SETH FRIEDMAN CEO 40.00 X 134526 0 0 134526 0 0 1 0 0 0 0 3027089 863211 100840 3890300 RENTAL REVENUE 532000 702019 702019 OTHER PROGRAM REVENUE 900099 34720 34720 736739 1149 1149 4628188 736739 0 1149 1245164 1245164 134526 131647 2879 1448659 1417655 31004 24239 23844 395 244019 240045 3974 127874 125792 2082 22809 21392 1417 11420 10711 709 33581 31495 2086 79622 74676 4946 180 180 28912 26837 2065 10 45077 44066 63 948 470527 462523 8004 4994 4986 8 2307 2307 109982 109774 208 258751 258751 100658 99854 804 OTHER PROGRAM ACTIVITIE 251056 83195 166607 1254 TRAINING 27572 27572 VEHICLE AND MAINTENANCE 26932 26924 8 BAD DEBTS EXPENSE 14312 14312 18898 18675 141 82 4732071 4488065 241712 2294 362358 321144 217652 341871 578702 313498 72142 8981 5000 5000 22300 98208 13640309 4184997 11927804 9455312 0 105807 13185958 10649821 159852 96515 62271 69361 11212008 8907516 100000 79669 108154 11613800 9181546 X 1572158 1468275 1572158 1468275 13185958 10649821 -103883 0 X 0 1 X 1 1 1 X 2609228 3139165 4419647 4644139 3757875 18570054 2609228 3139165 4419647 4644139 3757875 18570054 18570054 4491 4231 384 76 1149 10331 18580385 3846227 0.99940 0.99920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12199616 12199616 1121653 3894596 -2772943 319040 290401 28639 9455312 REFUNDABLE ADVANCES 2728 RENTAL PROPERTY CONTINGENCY 5000 TENANT SAVINGS & SECURITY DEPOSITS 60785 LEASE LIABILITY 39641 108154 X 4628188 0 4628188 0 4628188 4732071 0 4732071 0 4732071 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (IRC) AND THE APPLICABLE STATE TAX STATUTES. IN ADDITION, THE CORPORATION QUALIFIES FOR THE CHARITABLE CONTRIBUTIONS DEDUCTION UNDER SECTION 170(B)(1)(A) OF THE IRC. FURTHER, THE CORPORATION HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE IRC. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THE CORPORATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AS OF JUNE 30, 2023. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS AND DETERMINED THE CORPORATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2023. 1 RENTAL & UTILITY ASSISTANCE 849 839143 EMERGENCY ASSISTANCE 344 406021 PART I, LINE 2: RENTAL AND EMERGENCY ASSISTANCE IS PROVIDED TO PARTICIPANTS BASED ON HOUSEHOLD INCOME. INTERNAL MONITORING OCCURS ON A QUARTERLY BASIS. EXTERNAL MONITORING DEPENDS ON SOURCE OF THE GRANT FUNDS AS FOLLOWS: HUD SITE MONITORING VISIT EVERY THREE YEARS ESG ANNUAL SITE MONITORING VISIT CSBG ANNUAL SITE MONITORING VISIT SSVF SITE MONITORING VISIT EVERY TWO YEARS. SCHEDULE I, PAGE 2, PART III RENTAL SUBSIDIES PROVIDED TO FAMILIES. PAYMENTS ARE MADE DIRECTLY TO LANDLORDS OF THE RENTAL PROPERTIES INVOLVED. NO PAYMENTS ARE MADE DIRECTLY TO RECIPIENTS OF THE SUBSIDIES. X 87325 FMV X 438 13515 FMV 0 0 0 PART I, COLUMN (B): THE ORGANIZATION RECEIVED DONATED FOOD PRODUCTS WORTH $13,515 COMPRISED OF MEALS, TURKEYS, WELCOME BASKETS, AND FOOD BOXES. FORM 990, PART VI, SECTION A, LINE 8B THE GOVERNING BODY DOES NOT DELEGATE AUTHORITY TO ANY COMMITTEES TO ACT ON ITS BEHALF. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS GIVEN TO THE GOVERNING BODY FOR APPROVAL OR DISAPPROVAL, AND IF DISAPPROVED, THE REASON FOR DISAPPROVAL MUST BE CITED. THE REASON IS THEN REVIEWED, AND ANY NECESSARY CHANGES ARE MADE. THIS PROCESS IS REPEATED UNTIL A QUORUM OF THE GOVERNING BODY APPROVES THE FORM. FORM 990, PART VI, SECTION B, LINE 15 THE PERFORMANCE OF THE CEO IS ASSESSED BY THE GOVERNING BODY DURING A BOARD OF DIRECTORS MEETING, AND ANY NECESSARY ADJUSTMENTS TO COMPENSATION ARE DECIDED UPON AT THAT TIME. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, ORGANIZATIONAL POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE UPON REQUEST. MILLBROOK VILLAS LLC PO BOX 28165 RALEIGH NC 27611 562159204 RENTAL NC 74145 447189 PASSAGE HM BB REDEVELOPMENT LLC PO BOX 28165 RALEIGH NC 27611 452521320 RENTAL NC 0 963889 PASSAGE HM HOKE STREET PH REDEVELOPMENT LLC PO BOX 28165 RALEIGH NC 27611 815136633 OTHER NC 6800 2587290 PASSAGE HM TOULON PLACE LLC 106 MUIR WOODS DRIVE CARY NC 27513 833069248 RENTAL NC N/A RELATED 134158 0 1 0.17000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0