Nonprofit · EIN 56-1765360
PASSAGE HOME INC
Tax-exempt · RALEIGH, NC 27601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,437,955 | $3,599,386 | -$161,431 | $10,188,516 | $9,405,545 | $782,971 |
| June 30, 2024 | 990 | $4,392,915 | $4,916,788 | -$523,873 | $10,392,237 | $9,447,835 | $944,402 |
| June 30, 2023 | 990 | $4,628,188 | $4,732,071 | -$103,883 | $10,649,821 | $9,181,546 | $1,468,275 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,733,344
- of which government grants
- $2,019,633
- Program service revenue
- $704,294
- Investment income
- $317
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,047,187
- Other salaries and wages
- $1,079,309
- Salaries, compensation and benefits (total)
- $1,379,475
- Professional fundraising fees
- $0
- Legal fees
- $8,495
- Accounting fees
- $71,707
- Occupancy
- $350,391
- Depreciation
- $309,505
- Program services (functional)
- $3,524,738
- Management and general (functional)
- $72,983
- Fundraising (functional)
- $1,665
Balance sheet and other
- Total assets, start of year
- $10,392,237
- Total assets, end of year
- $10,188,516
- Total liabilities, end of year
- $9,405,545
- Net assets, end of year
- $782,971
- Land, buildings and equipment
- $9,212,005
- Net assets without donor restrictions
- $782,971
- Gross receipts
- $3,437,955
- Employees
- 37
- Volunteers
- 50
- Year formed
- 1991
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CARI BORAM | CEO (THRU MAY 2025) Officer | 40 | $112,755 | $13,216 |
| MANOJ BHATIA | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAQUANTA COPELAND | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| EMMA PAUL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CANDICE TIMMONS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| FRED AIKENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| J RUSSELL ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE CASSELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| IVEY CHAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORTINA CLARKSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEMIAN DELLINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WANDA HUNTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAFIYAH JACKSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| QUENTIN MILES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| YASMIN MORTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SETH FRIEDMAN | CEO (THRU 9/8/23) Officer | 40 | $95,013 | $13,078 |
| CHRIS FOYLES | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| YASMIN MORTON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHELLE CASSELL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| EMMA PAUL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| VICKIE ADAMSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRED AIKEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SIMON AKHAMIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUSSELL ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MANOJ BHATIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORTINA CLARKSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAQUANTA COPELAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEMIAN DELLINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSICA GORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WANDA HUNTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONIKA JOHNSON-HOSTELER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER LAMPMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN MELTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LATATIOUS MORRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MOLLY STUART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARI BORAM | CEO (AS OF 1/8/24) Officer | 40 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SETH FRIEDMAN | CEO Officer | 40 | $134,526 |
| CHRIS FOYLES | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| YASMIN MORTON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MICHELLE CASSELL | TREASURER Trustee or director, Officer | 1 | $0 |
| EMMA PAUL | SECRETARY Trustee or director, Officer | 1 | $0 |
| JENNIFER LAMPMAN | DIRECTOR Trustee or director | 1 | $0 |
| SIMON AKHAMIE | DIRECTOR Trustee or director | 1 | $0 |
| RUSSELL ALLEN | DIRECTOR Trustee or director | 1 | $0 |
| DEMIAN DELLINGER | DIRECTOR Trustee or director | 1 | $0 |
| MOLLY STUART | DIRECTOR Trustee or director | 1 | $0 |
| CORTINA CLARKSON | DIRECTOR Trustee or director | 1 | $0 |
| JESSIE TALIAFERRO | DIRECTOR Trustee or director | 1 | $0 |
| DON MIAL | DIRECTOR Trustee or director | 1 | $0 |
| JESSIKA GORE | DIRECTOR Trustee or director | 1 | $0 |
| MONIKA JOHNSON-HOSTELER | DIRECTOR Trustee or director | 1 | $0 |
| COREY BRANCH | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 513 BRANCH ST, RALEIGH, NC 27601-2709
- Principal officer (990 for 2024)
- TRESHAWNA CRYSTAL GWENDO, PO BOX 28165, RALEIGH, NC 27611
- Signed the 990
- TRESHAWNA CRYSTAL GWENDO, CHIEF EXECUTIVE OFFICER
- Phone
- (919) 834-0666
- Website
- WWW.PASSAGEHOME.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
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.
Program accomplishments
- PASSAGE HOME IS WAKE COUNTY'S COMMUNITY ACTION AGENCY AND SUPPORTIVE SERVICES TO VETERAN FAMILIES 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 90 AFFORDABLE HOUSING UNITS IN RALEIGH AND WORKS IN PARTNERSHIP WITH LOCAL STAKEHOLDERS TO FACILITATE THE DEVELOPMENT OF ADDITIONAL AFFORDABLE HOUSING PROJECTS IN OUR COMMUNITY.Expenses $3,524,738 · grants $1,047,187 · revenue $704,294
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1765360
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L99Z)
- Assets (IRS master file)
- $10,188,516
- Income (IRS master file)
- $3,437,955
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,437,955 | $3,599,386 | $10,188,516 | XML |
| 990 | June 2024 | $4,392,915 | $4,916,788 | $10,392,237 | XML |
| 990 | June 2023 | $4,628,188 | $4,732,071 | $10,649,821 | XML |
| 990 | June 2022 | $5,411,567 | $5,200,628 | $13,185,958 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1765360).
Questions about PASSAGE HOME INC
- What is the EIN of PASSAGE HOME INC?
- The employer identification number (EIN) of PASSAGE HOME INC is 56-1765360.
- Is PASSAGE HOME INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to PASSAGE HOME INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PASSAGE HOME INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PASSAGE HOME INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PASSAGE HOME INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PASSAGE HOME INC?
- The 990 for the year ended June 30, 2025 names TRESHAWNA CRYSTAL GWENDO.
- Who are the officers and directors of PASSAGE HOME INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $112,755 (CARI BORAM, CEO (THRU MAY 2025)).
- How much revenue does PASSAGE HOME INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,437,955, expenses of $3,599,386 and total assets of $10,188,516 at year end.
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All nonprofits in RALEIGH · North Carolina · Housing and shelter