THE 516 PROJECT INC
Building Access to Hope
THE 516 PROJECT INC
EIN: 81-1634337
as of September 2024
as of September 09, 2024
Mission
516 Project, Inc is a Christian based 501c3 non-profit construction ministry based in Fredericksburg, Va. Founded in 2016. Matthew 5:16 says, Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven." Our focus is to help people through service by assisting families that can't afford or have a physical barrier to perform home repairs. We want to be servants to the Lord so that all that see the work we do will know it is through His grace and mercy. Our main work is in home repairs, handicap access and disaster relief.
Ruling year
2016
President
James Roberson
Main address
PO Box 415
Fredericksburg, VA 22404 USA
EIN
81-1634337
Community improvement
Home repairs
Population served
Seniors
People with physical disabilities
Victims of disaster
NTEE code
Home Improvement/Repairs (L81)
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
Communication
Programs and results
What we aim to solve
516 Project focuses on 2 areas of support. First, we address home repair issues for folks that need repairs to their homes to keep them warm, safe and dry. Much of our work is done for elderly and/or disabled citizens that need wheelchair ramps, disability showers, roof repair, etc. Disability modifications are made to the interior of their home for ease of movement around their home. Second, 516 Project responds to disasters of hurricanes, tornados, floods and others where victims need help with home repair.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Home Repair
Performing repairs to homes to increase functionality and safety.
Where we work
Awards
Best Humanitarian Member Project 2024
Home Builders Association of Virginia
Affiliations & memberships
Fredericksburg Area Builders Association 2024
Photos
Videos
Our results
How does this organization measure their results? It's a hard question but an important one.
Evaluation documents
Download evaluation reportsNumber of people reached with the Gospel of Jesus Christ
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults
Related Program
Home Repair
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Context Notes
We base this on the families we serve and share the love of Jesus with. The number represents the number of families served in that year.
Number of homeowners/tenants rating their feeling of safety in and around their homes as satisfactory
This metric is no longer tracked.Totals By Year
Related Program
Home Repair
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Context Notes
Number of families helped and number of service projects completed
Number of trips provided
This metric is no longer tracked.Totals By Year
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Holding steady
Context Notes
Number of disaster relief trips
Goals & Strategy
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?
We want to share the love of Jesus with those in need. Our goal is to help people understand that Jesus loves them as we help to take care of a physical need that they have. We build access to hope.
What are the organization's key strategies for making this happen?
We utilize workdays and volunteers to complete repair projects for the families we serve. For disaster relief trips we coordinate with local churches and businesses to help victims.
What are the organization's capabilities for doing this?
We currently have approx 500 registered volunteers of varying skill levels. We also have the tools and equipment necessary to complete the projects we perform. Our leadership is trained in home repair, construction methods and disaster relief processes.
What have they accomplished so far and what's next?
In 2022, we accomplished the following:
• 170 Projects for 351 people including 22 ramps and 14 bathrooms
• Includes projects for 62 disabled persons and 22 veteran recipients
• 4 Disaster relief trips including flooding in North Carolina, Hurricanes in Florida and Tornadoes in Kentucky
• Launched our Panama City, Florida site
• 9,800 volunteer hours
• Economic Impact of $522K (this is the amount these individuals would have had to spend with contractors in today’s market)
• We moved into our new office in Caroline county
• We added more capabilities for our Disaster Relief teams with a shower trailer, disaster relief trailer and a few trucks for hauling our equipment
Financials
Revenue vs. expenses: breakdown
Liquidity in 2022 info
0.40
Months of cash in 2022 info
3.6
Fringe rate in 2022 info
8%
Funding sources info
Assets & liabilities info
Financial data
THE 516 PROJECT INC
Balance sheetFiscal Year: Jan 01 - Dec 31
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: Jan 01 - Dec 31
This snapshot of THE 516 PROJECT 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.
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Business model indicators
| Profitability info | 2021 | 2022 |
|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $64,088 | $322,812 |
| As % of expenses | 26.6% | 65.4% |
| Unrestricted surplus (deficit) after depreciation | $32,345 | $284,260 |
| As % of expenses | 11.9% | 53.4% |
| Revenue composition info | ||
|---|---|---|
| Total revenue (unrestricted & restricted) | $276,793 | $805,197 |
| Total revenue, % change over prior year | 0.0% | 190.9% |
| Program services revenue | 0.0% | 0.0% |
| Membership dues | 0.0% | 0.0% |
| Investment income | 0.0% | 0.0% |
| Government grants | 0.0% | 0.0% |
| All other grants and contributions | 100.0% | 99.8% |
| Other revenue | 0.0% | 0.2% |
| Expense composition info | ||
|---|---|---|
| Total expenses before depreciation | $240,787 | $493,671 |
| Total expenses, % change over prior year | 0.0% | 105.0% |
| Personnel | 28.2% | 43.5% |
| Professional fees | 0.0% | 0.4% |
| Occupancy | 0.0% | 3.9% |
| Interest | 0.0% | 1.2% |
| Pass-through | 0.0% | 0.0% |
| All other expenses | 71.8% | 51.0% |
| Full cost components (estimated) info | 2021 | 2022 |
|---|---|---|
| Total expenses (after depreciation) | $272,530 | $532,223 |
| One month of savings | $20,066 | $41,139 |
| Debt principal payment | $0 | $0 |
| Fixed asset additions | $59,825 | $629,740 |
| Total full costs (estimated) | $352,421 | $1,203,102 |
Capital structure indicators
| Liquidity info | 2021 | 2022 |
|---|---|---|
| Months of cash | 5.8 | 3.6 |
| Months of cash and investments | 5.8 | 3.6 |
| Months of estimated liquid unrestricted net assets | 4.2 | 0.4 |
| Balance sheet composition info | 2021 | 2022 |
|---|---|---|
| Cash | $116,382 | $149,534 |
| Investments | $0 | $0 |
| Receivables | $0 | $0 |
| Gross land, buildings, equipment (LBE) | $51,724 | $701,997 |
| Accumulated depreciation (as a % of LBE) | 14.6% | 9.5% |
| Liabilities (as a % of assets) | 20.0% | 47.4% |
| Unrestricted net assets | $128,434 | $412,694 |
| Temporarily restricted net assets | N/A | N/A |
| Permanently restricted net assets | N/A | N/A |
| Total restricted net assets | $0 | $0 |
| Total net assets | $128,434 | $412,694 |
Key data checks
| Key data checks info | 2021 | 2022 |
|---|---|---|
| Material data errors | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President
James Roberson
Number of employees
Source: IRS Form 990
THE 516 PROJECT INC
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
THE 516 PROJECT INC
Board of directorsas of 07/18/2024
Board of directors data
James Roberson
Carl Pates
Carl Pates
Chris Davenport
Brandie Drumm
Tommy Roland
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
-
Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
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
Gender identity
Transgender Identity
Sexual orientation
No data
Disability
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