2024-09-05T13:56:08-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2023-01-01 900771464 GOSPEL INC GOSP 8639404069 PO BOX 3278 LAKELAND FL 33801 CRAIG MOZHDEHI SECRETARY 8639404069 2024-09-03 1 1 LACEY M QUATSOE P01300865 4078021200 2024-09-03 2023 2024-08-08 14:25:15Z RAY STEADMAN PO BOX 3278 LAKELAND FL 33801 1087071 0 X WWW.GOSPELINC.ORG X 2011 FL PROVIDE CHRIST-CENTERED COMMUNITY, HOUSING, AND WORK TO THOSE LIVING AT GOSPEL VILLAGE. 8 8 30 1000 0 0 1488018 912502 176002 129271 13281 25645 -34539 -29961 1642762 1037457 44055 25228 0 0 480211 514674 0 0 39503 479790 325884 1004056 865786 638706 171671 4482702 4648925 35002 23554 4447700 4625371 X TO DEVELOP COMMUNITY WITH THE FORMERLY HOMELESS. TO OFFER SERVICES TO THE FORMERLY HOMELESS REGARDLESS OF RACE, ETHNICITY, SOCIOECONOMIC STATUS, OR RELIGIOUS AFFILIATION. TO SHARE THE LOVE OF GOD WITH ALL PEOPLE WE COME INTO CONTACT WITH. 0 0 713409 25228 129271 HOUSING ACHIEVEMENTS: SUCCESSFULLY PROVIDED HOUSING FOR 38 PEOPLE IN 33 UNITS. PLANNING TO EXPAND HOUSING WITH THE CONSTRUCTION OF 48 NEW UNITS THIS YEAR. ACHIEVED A 95% RETENTION RATE IN PERMANENT HOUSING. HOLISTIC SUPPORTIVE PROGRAMS:- ART PROGRAMS: OFFERING CREATIVE OUTLETS FOR RESIDENTS TO EXPRESS THEMSELVES AND FIND THERAPEUTIC BENEFITS THROUGH VARIOUS ART FORMS.- COUNSELING SERVICES: PROVIDING COMPREHENSIVE MENTAL HEALTH SUPPORT, INCLUDING INDIVIDUAL AND GROUP COUNSELING, TO HELP RESIDENTS ADDRESS TRAUMA AND IMPROVE THEIR MENTAL WELL-BEING.- COMMUNITY FRIDGE AND PANTRY: ENSURING FOOD SECURITY BY OFFERING ACCESS TO NUTRITIOUS FOOD, ALLOWING RESIDENTS TO FOCUS ON OTHER ASPECTS OF THEIR LIVES WITHOUT THE STRESS OF FOOD INSECURITY.- COMMUNITY DINNERS: FOSTERING A SENSE OF COMMUNITY AND TOGETHERNESS BY ORGANIZING REGULAR DINNERS WHERE RESIDENTS CAN BOND, SHARE EXPERIENCES, AND BUILD SUPPORTIVE RELATIONSHIPS.- VARIOUS COMMUNITY GROUPS: ORGANIZING DIFFERENT GROUPS AND ACTIVITIES SUCH AS SUPPORT GROUPS, EDUCATIONAL WORKSHOPS, AND RECREATIONAL ACTIVITIES TO ENGAGE RESIDENTS AND PROMOTE PERSONAL GROWTH.- HOLISTIC HEALTH AND WELLNESS PROGRAMS: INTEGRATING PHYSICAL HEALTH, MENTAL HEALTH, AND SOCIAL WELL-BEING INITIATIVES TO ENSURE RESIDENTS RECEIVE WELL-ROUNDED SUPPORT. THIS INCLUDES HEALTH EDUCATION, FITNESS ACTIVITIES, AND WELLNESS WORKSHOPS. COMMUNITY INTEGRATION AND DEVELOPMENT: ENCOURAGING RESIDENT PARTICIPATION IN THE DEVELOPMENT AND IMPROVEMENT OF THE COMMUNITY. PROMOTING A SENSE OF OWNERSHIP AND RESPONSIBILITY AMONG RESIDENTS TO CREATE A SUPPORTIVE AND COLLABORATIVE LIVING ENVIRONMENT. 713409 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 30 1 0 0 0 0 0 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X RACHEL ROSE 8639404069 1111 EAST MAIN STREET LAKELAND FL 33801 GREG RICHING PRESIDENT 5.00 X X 0 0 0 SHAWN JONES VICE PRESIDENT 5.00 X X 0 0 0 DEB FUNKHOUSER CO-TREASURER 5.00 X X 0 0 0 KATHY RUBO CO-TREASURER 5.00 X X 0 0 0 CRAIG MOZHDEHI SECRETARY 5.00 X X 0 0 0 SCOTT MCBRIDE BOARD MEMBER 2.00 X 0 0 0 BOB BODOLAY BOARD MEMBER 2.00 X 0 0 0 KYLE CLYNE BOARD MEMBER 2.00 X 0 0 0 BRIAN SEELEY CEO (THRU 5/2023) 40.00 X 26000 0 0 RACHEL ROSE TOP FINANCIAL OFFICIAL 40.00 X 60000 0 0 RAY STEADMAN CEO (AS OF 8/2023) 40.00 X 41539 0 1329 127539 0 1329 0 0 0 0 0 282050 214794 415658 11160 912502 PROGRAM HOUSING 624200 125848 125848 REPURPOSE ART 624200 3423 3423 129271 25645 25645 14314 282050 49614 -35300 -35300 ONSITE LAUNDRY INCOME 812300 5339 5339 5339 1037457 129271 0 -4316 25228 25228 128869 65980 56610 6279 330932 294417 20903 15612 6937 5437 1169 331 47936 37573 8081 2282 21368 214 13248 7906 6056 6056 1321 1035 223 63 27195 27195 35221 27170 1021 7030 276 276 128255 128255 5350 5350 16610 14119 2491 62751 62751 19968 17172 2796 TAXES & LICENSES 819 819 DUES & SUBSCRIPTIONS 694 694 865786 713409 112874 39503 213549 647907 414052 14646 687644 406184 12400 3354 13396 5116 2667632 142299 2296842 2525333 844819 1046385 4482702 4648925 30952 20004 4050 3550 35002 23554 X 2459700 2985452 1988000 1639919 4447700 4625371 4482702 4648925 171671 6000 0 X 0 1 X 1 0 X 853769 530202 3527491 1488018 912502 7311982 853769 530202 3527491 1488018 912502 7311982 1376332 5935650 4798 7441 17786 13966 25645 69636 196 4550 5339 10085 7391703 493255 0.80300 0.78880 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 196. 2022 AMOUNT: $ 4,550. ONSITE LAUNDRY INCOME - 2023 AMOUNT: $ 5,339. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 1635883 1635883 630495 66246 564249 106900 43323 63577 51273 32730 18543 243081 243081 2525333 BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 1038322 UTILITY DEPOSIT 8063 1046385 SECURITY DEPOSIT 3550 3550 X 1087015 6000 6000 1081015 6056 -49614 -43558 1037457 909344 49614 49614 859730 6056 6056 865786 PART V, LINE 4: GOSPEL INC. IS THE BENEFICIARY OF A NONPROFIT ENDOWMENT AT GIVEWELL COMMUNITY FOUNDATION. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR UNRELATED BUSINESS INCOME. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -49,614. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 49,614. SPRING FUNDRAISER 181849 167535 14314 4500 22628 1500 6316 NOVEMBER FUNDRAISER 114515 114515 339 2049 6555 5727 296364 282050 14314 4839 24677 8055 12043 49614 -35300 1 RENT AND HOUSING ASSISTANCE 15 25228 PART I, LINE 2: GOSPEL INC. EMPLOYS A RIGOROUS PROCESS TO ENSURE THE APPROPRIATE AND EFFECTIVE USE OF GRANT FUNDS. AS PART OF OUR COMMITMENT TO TRANSPARENCY AND ACCOUNTABILITY, WE HAVE IMPLEMENTED SEVERAL MECHANISMS TO MONITOR AND RECONCILE FINANCIAL ACTIVITIES RELATED TO THE PROGRAMS FUNDED BY GRANTS. ONE OF OUR KEY INITIATIVES, THE WORK-FOR-RENT PROGRAM, INTEGRATES PROGRAM PARTICIPANTS INTO OUR PAYROLL SYSTEM. PARTICIPANTS IN THIS PROGRAM CONTRIBUTE TO THE MAINTENANCE AND OPERATION OF GOSPEL VILLAGE, EARNING WAGES THAT ARE SYSTEMATICALLY MANAGED TO COVER THEIR HOUSING COSTS AND PERSONAL EXPENSES. SPECIFICALLY, 75% OF EACH PARTICIPANT'S PAYCHECK IS AUTOMATICALLY DEPOSITED INTO GOSPEL INC.'S ACCOUNT TO COVER THEIR RENT, WHILE THE REMAINING 25% IS DIRECT-DEPOSITED INTO AN ACCOUNT OF THEIR CHOICE FOR PERSONAL NEEDS, SUCH AS BILLS, GROCERIES, AND OTHER NECESSITIES. THIS PROCESS ENSURES THAT PARTICIPANTS ARE ACTIVELY ENGAGED IN SUSTAINING THEIR HOUSING WHILE RETAINING AUTONOMY OVER THEIR PERSONAL FINANCES. ALL TRANSACTIONS ARE METICULOUSLY RECORDED AND RECONCILED BY OUR BOOKKEEPER, WITH OVERSIGHT PROVIDED BY OUR DIRECTOR AND THE FINANCE TEAM. THIS MULTI-LAYERED REVIEW PROCESS GUARANTEES THAT ALL FUNDS, INCLUDING THOSE FROM GRANTS, ARE USED EFFECTIVELY AND IN ACCORDANCE WITH BOTH ORGANIZATIONAL POLICIES AND GRANT STIPULATIONS. FURTHERMORE, GOSPEL INC. MAINTAINS DETAILED FINANCIAL RECORDS AND PROVIDES REGULAR REPORTS TO OUR STAKEHOLDERS AND GRANTORS, DEMONSTRATING OUR ADHERENCE TO BUDGETARY CONSTRAINTS AND OUR COMMITMENT TO THE RESPONSIBLE MANAGEMENT OF GRANT FUNDS. THESE PROCEDURES ENSURE THAT THE FUNDS ARE DIRECTLY SUPPORTING THE INTENDED PROGRAMS AND SERVICES, THEREBY MAXIMIZING THEIR IMPACT ON THE LIVES OF OUR RESIDENTS. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS, BY RESOLUTION ADOPTED BY A MAJORITY OF THE FULL BOARD OF DIRECTORS, MAY DESIGNATE FROM AMONG ITS MEMBERS AN EXECUTIVE COMMITTEE AND ONE OR MORE OTHER COMMITTEES EACH OF WHICH, TO THE EXTENT PROVIDED IN SUCH RESOLUTION, SHALL HAVE AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS. EXCEPT THAT NO COMMITTEE SHALL HAVE THE AUTHORITY TO: (A) ALL VACANCIES ON THE BOARD OF DIRECTORS OR ANY COMMITTEE THEREOF; AND (B) AMEND THE BY LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE. THE FORM 990 IS THEN MADE AVAILABLE TO ALL BOARD MEMBERS AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES, BOARD MEMBERS AND OTHER VOLUNTEERS OF GOSPEL INC. (GI) ARE TO EXERCISE PARTICULAR CARE TO CONDUCT THEIR AFFAIRS AS TO AVOID CONFLICTS OR THE APPEARANCE OF CONFLICTS BETWEEN THEIR OWN INTERESTS (INCLUDING FAMILY MEMBERS AND OTHER RELATED PARTIES) AND THE INTERESTS OF GI. "CONFLICT OF INTEREST" PERTAINS TO ANY SITUATION IN WHICH AN INDIVIDUAL OR A RELATED PARTY BENEFITS OR STANDS TO BENEFIT AT THE EXPENSE OR POTENTIAL EXPENSE OF GI, OR WHERE THE SITUATION OF AN INDIVIDUAL OR RELATED PARTY AND GI PRESENT A POTENTIAL CONFLICT OF INTEREST. THE POLICY REGARDING CONFLICT OF INTEREST MAY ALSO APPLY IN CIRCUMSTANCES WHEN THE CLOSENESS OF RELATIONSHIP WITH THE ONE WHO WOULD BENEFIT MAY SUGGEST THE PERCEPTION OF UNDUE INFLUENCE. THE CONFLICT MAY BE ANY ACTIVITY, FINANCIAL INTEREST OR RELATIONSHIP WITH ANOTHER PERSON OR ORGANIZATION THAT WOULD (A) IMPAIR OR APPEAR TO IMPAIR AN INDIVIDUAL'S INDEPENDENT JUDGMENT IN THE DISCHARGE OF HIS/HER DUTIES, (B) CONFLICT WITH THE BEST INTERESTS OF GI OR (C) RESULT IN A PERSONAL PROFIT OR ADVANTAGE TO THESE INDIVIDUALS AT THE EXPENSE OF GI. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, THE AFFECTED PARTY MUST DISCLOSE THE EXISTENCE AND NATURE AND ALL MATERIAL FACTS TO GI MANAGEMENT CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT AND THE BENEFIT, IF ANY, TO THE AFFECTED OR RELATED PARTY. AFTER DISCLOSURE OF ALL MATERIAL FACTS, AND AFTER DISCUSSION WITH THE AFFECTED PARTY, THE AFFECTED PARTY SHALL NOT PARTICIPATE IN A COMMITTEE OR MANAGEMENT DISCUSSION WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS EVALUATED. THE AFFECTED PARTY'S SUPERVISOR OR THE BOARD OF DIRECTORS SHALL DECIDE IF A CONFLICT EXISTS. AFTER DETERMINING THE NEED FOR THE TRANSACTION/ARRANGEMENT, THE BOARD SHOULD DETERMINE IF THERE ARE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. IF THERE IS A GENUINE NEED, BUT AN ALTERNATIVE SOURCE IS NOT AVAILABLE, THE BOARD SHOULD THEN DETERMINE IF THE TRANSACTION IS IN THE BEST INTEREST OF GI, AND IS FAIR AND REASONABLE. A DECISION MAY BE MADE TO ENTER INTO THE TRANSACTION AS ORIGINALLY PRESENTED, IN CONFORMING TO THE BOARD'S DETERMINATION. ALL EMPLOYEES, BOARD MEMBERS AND OTHER VOLUNTEERS OF GI SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND AGREES TO COMPLY WITH THE POLICY. PERIODIC REVIEWS TO ASSURE NO FINANCIAL TRANSACTIONS HAVE VIOLATED THIS POLICY WILL TAKE PLACE BY A FINANCE COMMITTEE MEMBER DURING THE MONTHLY REVIEW OF FINANCIAL TRANSACTIONS. ANY DISCREPANCIES WILL BE ADDRESSED WITH THE BOARD AT THEIR NEXT SCHEDULED MEETING, UNLESS IT IS DETERMINED THAT MORE TIMELY NOTIFICATION IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 15 MARKET ANALYSIS: THE BOARD MEMBERS CONDUCT A MARKET ANALYSIS TO GATHER COMPARABILITY DATA. THIS INCLUDES REVIEWING COMPENSATION LEVELS FOR SIMILAR POSITIONS AT COMPARABLE ORGANIZATIONS. SOURCES FOR THIS DATA MAY INCLUDE SALARY SURVEYS, COMPENSATION STUDIES, AND PUBLICLY AVAILABLE FORM 990 FILINGS FROM SIMILAR NONPROFIT ORGANIZATIONS. FACTORS CONSIDERED: THE BOARD MEMBERS MEET TO CONSIDER FACTORS SUCH AS THE ORGANIZATION'S SIZE, GEOGRAPHIC LOCATION, BUDGET, AND THE SCOPE OF RESPONSIBILITIES OF THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES. MEETING TO DISCUSS DATA: THE BOARD MEMBERS MEET TO REVIEW THE GATHERED COMPARABILITY DATA AND DISCUSS THE APPROPRIATE COMPENSATION LEVELS FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES. DURING THIS MEETING, THEY: - COMPARE THE DATA TO CURRENT COMPENSATION LEVELS. - CONSIDER THE PERFORMANCE AND QUALIFICATIONS OF THE INDIVIDUALS. - EVALUATE THE FINANCIAL CONDITION OF THE ORGANIZATION. DOCUMENTING DELIBERATIONS: DETAILED MINUTES OF THE MEETING ARE RECORDED, INCLUDING: - THE DATA REVIEWED. - THE RATIONALE FOR THE COMPENSATION DECISIONS. - ANY CONFLICTS OF INTEREST DISCLOSED AND HOW THEY WERE MANAGED. - THE FINAL DECISIONS MADE REGARDING COMPENSATION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC. ANYONE MAY CALL OR SEND WRITTEN NOTICE TO THE OFFICE AND REQUEST A COPY.