Oak City Cares Inc

Providing a path toward safe and stable housing.

aka 83-0826329 | Raleigh, NC | http://oakcitycares.org

GuideStar Charity Check

Oak City Cares Inc

EIN: 83-0826329

Contributions tax deductible
as of September 2023

IRS BMF 509(a)(1)
as of September 18, 2023

View summary

Charity Check report

Mission

Oak City Cares is a public-private partnership that exists to support the self-determination of our neighbors experiencing homelessness through trusting relationships and connections to coordinated services that increase their ability to be safely and stably housed.

Ruling year info

2019

Executive Director

Mrs. Kathryn V. Johnson

Main address

1430 S. Wilmington St.

Raleigh, NC 27603 USA

Show more contact info

Formerly known as

Oak City Outreach Center

EIN

83-0826329

Subject area info

Basic and emergency aid

Shelter and residential care

Homeless services

Population served info

Homeless people

NTEE code info

Homeless Services/Centers (P85)

Emergency Assistance (Food, Clothing, Cash) (P60)

Housing Search Assistance (L30)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Affiliations

See related organizations info

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Oak City Cares is working to reduce homelessness and food insecurity in Wake County.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Coordinated Care

Oak City Cares addresses homelessness through centralized, comprehensive service coordination for people either entering homelessness for the first time and for those who are experiencing chronic homelessness. Key services address housing, employment, and health for the most vulnerable of our Wake County neighbors who struggle to navigate the multitude of services available. This new model brings services together, in a convenient downtown Raleigh location, to create a path for individuals and families to stable housing and renewed hope.

Population(s) Served

Homeless people

Where we work

External reviews

Goals & Strategy

SOURCE: Self-reported by organization

Reports and documents

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

What is the organization aiming to accomplish?

1) To make homelessness rare, brief, and nonrecurring and
2) To eliminate food insecurity.

What are the organization's key strategies for making this happen?

Making Homelessness Rare
• Reduce the number of individuals and families in our community that become homeless and enter the shelter/homeless services system through:
o Prevention – coordinate with on-site prevention partners to provide rent, utilities, or other necessary funds,
with wrap-around case management and housing stabilization support, to help those with eviction or cutoff
notices remain in their current homes.
o Diversion – Exploring all existing possible options for an individual or family that, with some assistance,
could help them remain where they currently are, rather than entering shelter.

Making Homelessness Brief:
• Reduce the length of time individuals and families are homeless, if they have no other option but to enter the shelter/homeless services system.
• Reduce the length of time between becoming homeless and getting connected to the services they need to secure housing.

Making Homelessness Non-Recurring
• Reduce the number of individuals and families who re-enter the shelter/homeless services system after securing housing.
o Provide and coordinate with Rapid Re-Housing and Permanent Supportive Housing providers, the ongoing case management support necessary to stabilize individuals and families in housing and keep them in housing.

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

Financials

Oak City Cares Inc

Fiscal year: Jul 01 - Jun 30

Financial documents

Yes, financials were audited by an independent accountant.

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022

SOURCE: IRS Form 990

16.39

Average of 8.44 over 4 years

Months of cash in 2022

SOURCE: IRS Form 990

19.8

Average of 17.2 over 4 years

Fringe rate in 2022

SOURCE: IRS Form 990

21%

Average of 11% over 4 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

Oak City Cares Inc

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$1,817,218
Government Grants	$32,305
Program Services	$0
Investments	($5,224)
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$1,844,299

Expenses
Program Services	$204,262
Administration	$221,421
Fundraising	$154,736
Total Expenses	$580,419
Net Gain/Loss	$1,263,880

Functional expenses
Accounting Fees	$21,887
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$61,989
Pension Plan Contributions	$0
Professional Fundraising Expenses	$86,873

Revenue
Contributions	$890,485
Government Grants	$237,080
Program Services	$0
Investments	$64
Special Events	$0
Sales	$0
Other	$108
Total Revenue	$1,127,737

Expenses
Program Services	$496,890
Administration	$162,624
Fundraising	$76,536
Total Expenses	$736,050
Net Gain/Loss	$391,687

Functional expenses
Accounting Fees	$66,565
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$674,368
Government Grants	$384,580
Program Services	$0
Investments	$159
Special Events	($1,307)
Sales	$0
Other	$0
Total Revenue	$1,057,800

Expenses
Program Services	$682,805
Administration	$282,516
Fundraising	$81,593
Total Expenses	$1,046,914
Net Gain/Loss	$10,886

Functional expenses
Accounting Fees	$60,367
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$812
Pension Plan Contributions	$11,695
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,125,575
Government Grants	$441,610
Program Services	$0
Investments	($3,137)
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$1,564,048

Expenses
Program Services	$725,811
Administration	$278,423
Fundraising	$100,544
Total Expenses	$1,104,778
Net Gain/Loss	$459,270

Functional expenses
Accounting Fees	$69,457
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$27,298
Professional Fundraising Expenses	$0

Oak City Cares Inc

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jul 01, 2018	Jun 30, 2019	Change
Contributions	$1,817,218
Cash & Equivalents	$0	$541,749	$541,749
Accounts Receivable	$0	$18,428	$18,428
Pledges & Grants Receivable	$0	$801,456	$801,456
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$231,631	$231,631
Other	$0	$118,935	$118,935
Total Assets	$0	$1,712,199	$1,712,199

Liabilities	Jul 01, 2018	Jun 30, 2019	Change
Accounts Payable	$0	$38,617	$38,617
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$409,702	$409,702
Total Liabilities	$0	$448,319	$448,319

Fund balance	Jul 01, 2018	Jun 30, 2019	Change
Temporarily Restricted Net Assets	$0	$769,150	$769,150
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$769,150	$769,150
Unrestricted Net Assets	$0	$494,730	$494,730
Net Assets	$0	$1,263,880	$1,263,880

Assets	Jul 01, 2019	Jun 30, 2020	Change
Contributions	$890,485
Cash & Equivalents	$541,749	$1,151,226	$609,477
Accounts Receivable	$18,428	$1,919	($16,509)
Pledges & Grants Receivable	$801,456	$476,675	($324,781)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$231,631	$195,913	($35,718)
Other	$118,935	$4,885	($114,050)
Total Assets	$1,712,199	$1,830,618	$118,419

Liabilities	Jul 01, 2019	Jun 30, 2020	Change
Accounts Payable	$38,617	$11,768	($26,849)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$409,702	$163,283	($246,419)
Total Liabilities	$448,319	$175,051	($273,268)

Fund balance	Jul 01, 2019	Jun 30, 2020	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$769,150	$368,405	($400,745)
Unrestricted Net Assets	$494,730	$1,287,162	$792,432
Net Assets	$1,263,880	$1,655,567	$391,687

Assets	Jul 01, 2020	Jun 30, 2021	Change
Contributions	$674,368
Cash & Equivalents	$1,151,226	$1,503,265	$352,039
Accounts Receivable	$1,919	$4,775	$2,856
Pledges & Grants Receivable	$476,675	$161,287	($315,388)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$195,913	$154,400	($41,513)
Other	$4,885	$617	($4,268)
Total Assets	$1,830,618	$1,824,344	($6,274)

Liabilities	Jul 01, 2020	Jun 30, 2021	Change
Accounts Payable	$11,768	$41,461	$29,693
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$116,430	$116,430
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$163,283	$0	($163,283)
Total Liabilities	$175,051	$157,891	($17,160)

Fund balance	Jul 01, 2020	Jun 30, 2021	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$368,405	$113,341	($255,064)
Unrestricted Net Assets	$1,287,162	$1,553,112	$265,950
Net Assets	$1,655,567	$1,666,453	$10,886

Assets	Jul 01, 2021	Jun 30, 2022	Change
Contributions	$1,125,575
Cash & Equivalents	$1,503,265	$1,764,479	$261,214
Accounts Receivable	$4,775	$8,790	$4,015
Pledges & Grants Receivable	$161,287	$227,951	$66,664
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$154,400	$224,856	$70,456
Other	$617	$7,856	$7,239
Total Assets	$1,824,344	$2,233,932	$409,588

Liabilities	Jul 01, 2021	Jun 30, 2022	Change
Accounts Payable	$41,461	$108,209	$66,748
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$116,430	$0	($116,430)
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$157,891	$108,209	($49,682)

Fund balance	Jul 01, 2021	Jun 30, 2022	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$113,341	$184,493	$71,152
Unrestricted Net Assets	$1,553,112	$1,941,230	$388,118
Net Assets	$1,666,453	$2,125,723	$459,270

Oak City Cares Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Oak City Cares Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jul 01 - Jun 30 View full report Download data

Business model indicators

Profitability	2019	2020	2021	2022
Unrestricted surplus (deficit) before depreciation	$503,402	$831,048	$307,463	$425,315
As % of expenses	88.0%	119.2%	30.6%	39.8%
Unrestricted surplus (deficit) after depreciation	$494,730	$792,432	$265,950	$388,118
As % of expenses	85.2%	107.7%	25.4%	35.1%

Revenue composition
Total revenue (unrestricted & restricted)	$1,844,299	$1,127,737	$1,057,800	$1,564,048
Total revenue, % change over prior year	0.0%	-38.9%	-6.2%	47.9%
Program services revenue	0.0%	0.0%	0.0%	0.0%
Membership dues	0.0%	0.0%	0.0%	0.0%
Investment income	0.0%	0.0%	0.0%	0.0%
Government grants	1.8%	21.0%	36.4%	28.2%
All other grants and contributions	98.5%	79.0%	63.6%	72.0%
Other revenue	-0.3%	0.0%	0.0%	-0.2%

Expense composition
Total expenses before depreciation	$571,747	$697,434	$1,005,401	$1,067,581
Total expenses, % change over prior year	0.0%	22.0%	44.2%	6.2%
Personnel	0.0%	0.0%	32.8%	68.6%
Professional fees	34.1%	9.9%	9.7%	9.5%
Occupancy	0.5%	0.6%	1.2%	1.4%
Interest	0.0%	0.0%	0.0%	0.0%
Pass-through	0.0%	0.0%	0.0%	7.4%
All other expenses	65.4%	89.5%	56.3%	13.2%

Full cost components (estimated)	2019	2020	2021	2022
Total expenses (after depreciation)	$580,419	$736,050	$1,046,914	$1,104,778
One month of savings	$47,646	$58,120	$83,783	$88,965
Debt principal payment	$0	$0	$0	$116,430
Fixed asset additions	$240,303	$0	$0	$107,653
Total full costs (estimated)	$868,368	$794,170	$1,130,697	$1,417,826

Capital structure indicators

Liquidity	2019	2020	2021	2022
Months of cash	11.4	19.8	17.9	19.8
Months of cash and investments	11.4	19.8	17.9	19.8
Months of estimated liquid unrestricted net assets	5.5	18.8	16.7	19.3

Balance sheet composition	2019	2020	2021	2022
Cash	$541,749	$1,151,226	$1,503,265	$1,764,479
Investments	$0	$0	$0	$0
Receivables	$819,884	$478,594	$166,062	$236,741
Gross land, buildings, equipment (LBE)	$240,303	$243,201	$243,201	$348,192
Accumulated depreciation (as a % of LBE)	3.6%	19.4%	36.5%	35.4%
Liabilities (as a % of assets)	26.2%	9.6%	8.7%	4.8%
Unrestricted net assets	$494,730	$1,287,162	$1,553,112	$1,941,230
Temporarily restricted net assets	$769,150	N/A	N/A	N/A
Permanently restricted net assets	$0	N/A	N/A	N/A
Total restricted net assets	$769,150	$368,405	$113,341	$184,493
Total net assets	$1,263,880	$1,655,567	$1,666,453	$2,125,723

Key data checks

Key data checks	2019	2020	2021	2022
Material data errors	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

Executive Director

Mrs. Kathryn V. Johnson

For over 20 years, Kathy Johnson has worked to advocate on behalf of people who are marginalized and often misunderstood. She had a distinguished career at InterAct in Raleigh, where she served in multiple roles, including two stints as the Interim Executive Director, Associate Executive Director for Resource Development, and Associate Executive Director for Programs and Services. Most recently, she served as Executive Director for Pendleton Place in Greenville, SC. In her experience at both InterAct and Pendleton Place, Kathy was involved with building and maintaining multi-service, multi-agency collaborative partnerships which has been invaluable to the success of Oak City Cares.

Number of employees

Source: IRS Form 990

Oak City Cares Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Oak City Cares Inc

Board of directors
as of 03/27/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Mr. Rick Miller-Haraway

Retired

Term: 2021 - 2023

Organizational demographics

SOURCE: Self-reported; last updated 2/1/2021

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Female, Not transgender (cisgender)

Sexual orientation

Heterosexual or straight

Disability status

Person without a disability

Race & ethnicity

Gender identity

Sexual orientation

Disability

There are no contractors recorded for this organization.

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities

Gross receipts from fundraising

Retained by organization

Paid to fundraiser

Related organizations & associated domestic grants

Show data for fiscal year

Oak City Cares Inc

Providing a path toward safe and stable housing.

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

Our programs

Coordinated Care

Where we work

Goals & Strategy

Reports and documents

Charting impact

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2022 info

16.39

Months of cash in 2022 info

19.8

Fringe rate in 2022 info

21%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Oak City Cares Inc

Oak City Cares Inc

Oak City Cares Inc

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Executive Director

Mrs. Kathryn V. Johnson

Number of employees

Oak City Cares Inc

Compensation data

Oak City Cares Inc

Board of directors data

Mr. Rick Miller-Haraway

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Disability

Professional fundraisers

Solicitation activities

Related organizations & associated domestic grants

Liquidity in 2022

Months of cash in 2022

Fringe rate in 2022

Funding sources

Assets & liabilities