Civic Intelligence

Sherrys Place Ministry Inc

990EZ • Fiscal year 2022 • EIN 27-3320174

Jan 01, 2022 to Dec 31, 2022 • Filed on Jan 23, 2024

7410 EcclesDallas, TX 75227

(214) 710-9028

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

100th percentile

118.38x

Higher debt load relative to assets than 100% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

97th percentile

1.65x

Higher debt load relative to revenue than 97% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

8th percentile

-72%

Higher net margin than 8% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

93rd percentile

126%

Faster asset growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

22nd percentile

-24%

Faster revenue growth than 22% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,359

Up $759 (+126%) from 2021

Net Assets

Down

-$159,518

Down $160,118 (-26686%) from 2021

Liabilities

Up

$160,877

Up $160,877 from 2021

Revenue

Down

$97,335

Down $30,029 (-24%) from 2021

Expenses

Up

$167,012

Up $39,755 (+31%) from 2021

Net Income

Down

-$69,677

Down $69,784 (-65219%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$100K$0-$100K-$200KAssets 2014: $161Liabilities 2014: $0Net Assets 2014: $1612014Assets 2015: $766Liabilities 2015: $0Net Assets 2015: $7662015Assets 2016: $2,066Liabilities 2016: $0Net Assets 2016: $2,0662016Assets 2017: $2,068Liabilities 2017: $0Net Assets 2017: $2,0682017Assets 2021: $600Liabilities 2021: $0Net Assets 2021: $6002021Assets 2022: $1,359Liabilities 2022: $160,877Net Assets 2022: -$159,5182022Assets 2023: $1,499Liabilities 2023: $160,293Net Assets 2023: -$158,7942023Assets 2024: $1,474Liabilities 2024: $159,220Net Assets 2024: -$157,7462024

Highlighted filing

2022

Assets$1,359
Liabilities$160,877
Net Assets-$159,518

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KRevenue 2014: $56,180Expenses 2014: $61,463Net Income 2014: -$5,2832014Revenue 2015: $39,947Expenses 2015: $39,342Net Income 2015: $6052015Revenue 2016: $39,842Expenses 2016: $38,542Net Income 2016: $1,3002016Revenue 2017: $48,580Expenses 2017: $48,578Net Income 2017: $22017Revenue 2021: $127,364Expenses 2021: $127,257Net Income 2021: $1072021Revenue 2022: $97,335Expenses 2022: $167,012Net Income 2022: -$69,6772022Revenue 2023: $88,428Expenses 2023: $87,899Net Income 2023: $5292023Revenue 2024: $57,159Expenses 2024: $56,103Net Income 2024: $1,0562024

Highlighted filing

2022

Revenue$97,335
Expenses$167,012
Net Income-$69,677
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jan 23, 2024
Return Version
2022v5.0
Gross Receipts
$97,335
Mission and Program Overview

Mission

Sherry's Place is a transitional boarding home for people with disabilities. Housing people who are otherwise unable to attain housing due to their illness causes them to suffer from a range of mental disorders. Such as schizophrenia and bipolar disorders. The boarding home is located in a low-income area near the lower-income area of Dallas Texas. Presently housing 15-20 clients with a secure place to live in a clean environment.

Program Services

DescriptionGrantsExpenses
Sherry's Place is a transitional boarding home for people with disabilities. Housing people who are otherwise unable to attain housing due to their illness causes them to suffer from a range of mental disorders. Such as schizophrenia and bipolar disorders. The boarding home is located in a low-income area near the lower-income area of Dallas Texas. Presently housing 8-10 clients with a secure place to live in a clean environment.$0$167,013
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sherry Annette JemersonTreasurer/FounderFT$0--
Konnan DeJohn HillSecretary-$0--
Michael PetersVice President-$0--
Filing and Contact Details

Filer

Filer Name
Sherrys Place Inc
EIN
27-3320174
Phone
2147109028
Address
7410 Eccles, Dallas, TX 75227

Signing Officer

Name
Sherry Jimerson
Title
Founder
Phone
2147109028
Signed
2024-01-23
Discuss with paid preparer
Yes

Preparer

Firm
Jackson and You Tax Service LLC
Address
2351 W Northwest Hwy Ste 3145, Dallas, TX 75220
Preparer
Sandra Jackson
Phone
2143519992
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Description;Amount^Transportation auto expenses lease;12703|Bank fees;321|Client Expenditures;61|Household Items;1434|Insurance;4710|Job Supplies;1500|meals food for clients;6526|Office supplies software;2881|Taxes;120|Travel;42^Total;30298^

Form 990-EZ, Part I, Line 20

SBA Loan 91,800 less end of the year bank bal 1,359

Form 990-EZ, Part II, Line 24

end of year book balance

Form 990-EZ, Part II, Line 26

Description;EOY Amount^SBA 06 17 2020;1000|SBA 08 28 2020;25000|SBA 01 25 2022;65800|book balance on P L retain earning;69077^Total;160877^

Raw XML Appendix191 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Konnan DeJohn Hill
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Michael Peters
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Treasurer/Founder
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice President
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IRS990EZ/PrimaryExemptPurposeTxt0Sherry's Place is a transitional boarding home for people with disabilities. Housing people who are otherwise unable to attain housing due to their illness causes them to suffer from a range of mental disorders. Such as schizophrenia and bipolar disorders. The boarding home is located in a low-income area near the lower-income area of Dallas Texas. Presently housing 15-20 clients with a secure place to live in a clean environment.
IRS990EZ/PrintingPublicationsPostageAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Transportation auto expenses lease;12703|Bank fees;321|Client Expenditures;61|Household Items;1434|Insurance;4710|Job Supplies;1500|meals food for clients;6526|Office supplies software;2881|Taxes;120|Travel;42^Total;30298^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SBA Loan 91,800 less end of the year bank bal 1,359
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2end of year book balance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description;EOY Amount^SBA 06 17 2020;1000|SBA 08 28 2020;25000|SBA 01 25 2022;65800|book balance on P L retain earning;69077^Total;160877^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0..
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Sherry Jimerson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Founder
ReturnHeader/BusinessOfficerGrp/PhoneNum02147109028
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHERRYS PLACE INC
ReturnHeader/Filer/BusinessNameControlTxt0SHER
ReturnHeader/Filer/EIN0273320174
ReturnHeader/Filer/PhoneNum02147109028
ReturnHeader/Filer/USAddress/AddressLine1Txt07410 Eccles
ReturnHeader/Filer/USAddress/CityNm0Dallas
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075227
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271234205
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jackson and You Tax Service LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02351 W Northwest Hwy Ste 3145
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Dallas
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075220
ReturnHeader/PreparerPersonGrp/PhoneNum02143519992
ReturnHeader/PreparerPersonGrp/PreparationDt02024-01-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sandra Jackson
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-04-29T10:47:26-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Sherry
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Jimerson
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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