GOLD2023

The Naomi Project Inc

"Allowed to Grow Where Planted."

Florence, SC   |  naomiproject.com
GuideStar Charity Check

The Naomi Project Inc

EIN: 36-4611487


Mission

It is the mission of The Naomi Project to change the lives of families experiencing domestic abuse after making the choice not to return to their abusers. We were uniquely created to address the devastation of domestic abuse that contributes to the deterioration of the social fabric in families living and working in the Pee Dee Area of South Carolina.

Ruling year info

2008

Principal Officer

Joyce G. Ford

Main address

PO Box 13143

Florence, SC 29504 USA

Show more contact info

EIN

36-4611487

Subject area info

Transitional living

Temporary accomodations

Population served info

Homeless people

Victims of crime and abuse

NTEE code info

Low-Cost Temporary Housing (includes Youth Hostels) (L40)

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

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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?

The Naomi Project, Inc.

The Naomi Project is a long-term transitional home for women and children of domestic abuse and homelessness that is safe and void of verbal, physical, psychological and sexual abuse. In addition, The Naomi Project seeks to help victims develop independence through emotional and psychological healing and obtaining educational and financial stability. To obtain and/or revive their self-worth is priceless.

Population(s) Served
Victims of crime and abuse
Homeless people

Where we work

Financials

The Naomi Project Inc
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.36

Average of 0.22 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

3

Average of 4.4 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

8%

Average of 9% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

The Naomi Project Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

The Naomi Project Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

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: cloud_download Download Data

The Naomi Project Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of The Naomi 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 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $8,648 $8,648 $8,648 $8,648 $60,652
As % of expenses 8.7% 15.6% 11.5% 6.2% 45.8%
Unrestricted surplus (deficit) after depreciation $0 $0 $0 $0 $52,004
As % of expenses 0.0% 0.0% 0.0% 0.0% 36.8%
Revenue composition info
Total revenue (unrestricted & restricted) $71,922 $71,045 $76,229 $111,160 $143,097
Total revenue, % change over prior year 0.6% -1.2% 7.3% 45.8% 28.7%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 41.0% 14.7% 41.0% 50.3%
All other grants and contributions 100.0% 59.0% 85.3% 59.0% 49.7%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $99,710 $55,271 $75,418 $139,469 $132,564
Total expenses, % change over prior year 52.7% -44.6% 36.5% 84.9% -5.0%
Personnel 15.3% 17.0% 25.4% 31.4% 40.1%
Professional fees 1.7% 0.6% 2.9% 5.1% 3.7%
Occupancy 18.7% 35.2% 8.8% 20.3% 27.5%
Interest 16.6% 25.9% 8.9% 9.4% 4.3%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 47.6% 21.4% 54.1% 33.9% 24.3%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $108,358 $63,919 $84,066 $148,117 $141,212
One month of savings $8,309 $4,606 $6,285 $11,622 $11,047
Debt principal payment $0 $0 $0 $0 $44,284
Fixed asset additions $0 $0 $63,322 $0 $0
Total full costs (estimated) $116,667 $68,525 $153,673 $159,739 $196,543

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.2 5.6 6.3 1.7 3.0
Months of cash and investments 0.2 5.6 6.3 1.7 3.0
Months of estimated liquid unrestricted net assets -8.7 26.2 -8.7 0.0 -2.0
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $1,968 $25,651 $39,822 $20,053 $33,117
Investments $0 $0 $0 $0 $0
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $172,961 $172,961 $172,961 $173,080 $173,080
Accumulated depreciation (as a % of LBE) 58.2% 63.3% 68.4% 73.4% 78.4%
Liabilities (as a % of assets) 100.0% 135.6% 100.0% 212.3% 131.4%
Unrestricted net assets $0 $120,870 $0 $0 $0
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 -$152,582 $0 -$74,106 $0
Total net assets $0 -$31,712 $0 -$74,106 -$22,102

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

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

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Principal Officer

Joyce G. Ford

Number of employees

Source: IRS Form 990

The Naomi Project Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
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.

The Naomi Project Inc

Board of directors
as of 11/30/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Sonyetta Cooper

Cooper's Coaching & Consulting

Dr. Hazel Mouzon

South Carolina Housing Authority

Tonya Fulmore-Flowers

House of Refugee

Valerie Badie

Retired

Talisa Bell

Teacher

Organizational demographics

SOURCE: Self-reported; last updated 11/18/2023

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
Black/African American
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Decline to state

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

No data