Civic Intelligence

Boys Home Inc

EIN 54-0505870 • 501(c)3 • Covington, VA

Profile

Provide spiritual and educational environment to approximately 40 boys in need of shelter and guidance.

414 Boys Home RoadCovington, VA 24426

www.boyshomeinc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

28th percentile

0.11x

Higher debt load relative to revenue than 28% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

5th percentile

-56%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

42nd percentile

3.5%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-28%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$44,498,730

Up $1,872,450 (+4.4%) from 2024

Liabilities

Down

$171,640

Down $41,461 (-19%) from 2024

Net Assets

Up

$44,327,090

Up $1,913,911 (+4.5%) from 2024

Revenue

Up

$3,243,822

Up $288,373 (+9.8%) from 2024

Expenses

Up

$4,893,772

Up $37,803 (+0.8%) from 2024

Net Income

Up

-$1,649,950

Up $250,570 (+13%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2016: $39,041,593Liabilities 2016: $133,965Net Assets 2016: $38,907,6282016Assets 2017: $39,274,038Liabilities 2017: $122,041Net Assets 2017: $39,151,9972017Assets 2018: $39,025,930Liabilities 2018: $93,805Net Assets 2018: $38,932,1252018Assets 2019: $41,133,211Liabilities 2019: $85,601Net Assets 2019: $41,047,6102019Assets 2020: $44,228,017Liabilities 2020: $464,044Net Assets 2020: $43,763,9732020Assets 2021: $50,858,316Liabilities 2021: $165,479Net Assets 2021: $50,692,8372021Assets 2022: $42,714,803Liabilities 2022: $152,757Net Assets 2022: $42,562,0462022Assets 2023: $44,203,210Liabilities 2023: $372,632Net Assets 2023: $43,830,5782023Assets 2024: $42,626,280Liabilities 2024: $213,101Net Assets 2024: $42,413,1792024Assets 2025: $44,498,730Liabilities 2025: $171,640Net Assets 2025: $44,327,0902025

Highlighted filing

2025

Assets$44,498,730
Liabilities$171,640
Net Assets$44,327,090

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2016: $2,098,612Expenses 2016: $4,159,066Net Income 2016: -$2,060,4542016Revenue 2017: $2,392,969Expenses 2017: $4,200,800Net Income 2017: -$1,807,8312017Revenue 2018: $3,844,676Expenses 2018: $4,717,109Net Income 2018: -$872,4332018Revenue 2019: $2,520,862Expenses 2019: $4,546,322Net Income 2019: -$2,025,4602019Revenue 2020: $5,117,054Expenses 2020: $4,509,140Net Income 2020: $607,9142020Revenue 2021: $6,019,259Expenses 2021: $4,064,991Net Income 2021: $1,954,2682021Revenue 2022: $4,527,618Expenses 2022: $4,511,500Net Income 2022: $16,1182022Revenue 2023: $3,248,593Expenses 2023: $5,082,609Net Income 2023: -$1,834,0162023Revenue 2024: $2,955,449Expenses 2024: $4,855,969Net Income 2024: -$1,900,5202024Revenue 2025: $3,243,822Expenses 2025: $4,893,772Net Income 2025: -$1,649,9502025

Highlighted filing

2025

Revenue$3,243,822
Expenses$4,893,772
Net Income-$1,649,950

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 20, 2026
Return Version
2024v5.2
Gross Receipts
$5,247,230
Mission and Program Overview

Mission

Provide spiritual and educational environment to approximately 50 boys in need of shelter and guidance.

Provide spiritual and educational environment to boys in need of shelter and guidance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$19,389,203$19,409,607▲ $20,404
Investments Other Securities$10,942,522$11,760,943▲ $818,421
Land, Buildings, and Equipment, Net$4,678,612$4,653,322▼ $25,290
Cash and Non-Interest-Bearing Accounts$354,733$105,275▼ $249,458
Accounts Receivable$43,737$36,316▼ $7,421
Prepaid Expenses and Deferred Charges$46,465$24,745▼ $21,720
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$42,626,280$44,498,730▲ $1,872,450
Other Assets Total$7,171,008$8,508,522▲ $1,337,514
Liabilities
Accounts Payable and Accrued Expenses$178,322$152,027▼ $26,295
Escrow Account Liability$34,779$19,613▼ $15,166
Total Liabilities$213,101$171,640▼ $41,461
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$30,938,360$31,498,094▲ $559,734
Net Assets With Donor Restrictions$11,474,819$12,828,996▲ $1,354,177
Total Net Assets Fund Balance$42,413,179$44,327,090▲ $1,913,911
Total Liabilities and Net Assets / Fund Balance$42,626,280$44,498,730▲ $1,872,450

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,856,130$5,947,808$9,803,938
Equipment$281,360$707,008$988,368
Leasehold Improvements$151,407$722,364$873,771
Land$268,216-$268,216
Other Land Buildings$96,209$98,385$194,594
Other Assets Org$30,318--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$30,229,726$115,231▲ $2,797,432$2,076,728$31,065,661
2023$30,164,381$553,349▲ $2,700,023$3,188,014$30,229,739
2022$29,430,907$653,246▲ $2,387,936$2,307,708$30,164,381
2021$33,668,848$360,446▼ $2,649,091$1,949,296$29,430,907
2020$26,697,291$1,062,063▲ $7,861,616$1,952,122$33,668,848
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher DoyleExec Director / SecFT$115,709$31,275$146,984
Revenue and Support

Revenue Composition

Contributions and Grants
$1,911,852
Program Service Revenue
$238,190
Investment Income
$1,045,294
Other Revenue
$48,486
All Other Contributions
$1,911,852
Change in Net Assets
$-1,649,950

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,007,682
Revenue Not Reported on Financial Statements
$236,140
Revenue Not Reported on Form 990
$3,563,861
Other Revenue Adjustments
$236,140
Total Revenue per Audited Statements
$6,571,543
Total Revenue per Form 990
$3,243,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,686,029
Other Expenses$1,971,603
Total Fundraising Expense$475,189
Grants and Similar Amounts Paid$236,140
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,261,767$427,612$249,299$1,938,678
All Other Expenses$412,389$271,182-$683,571
Other Employee Benefits$306,157$106,009$64,719$476,885
Depreciation Depletion$319,633--$319,633
Grants to Domestic Individuals$236,140--$236,140
Payroll Taxes$96,099$33,275$20,314$149,688
Current Officers, Directors, Trustees, and Key Employees$60,389$30,195$30,194$120,778
Other Expenses$162,146$72,682$110,663$110,663
Total Functional Expenses$3,477,628$940,955$475,189$4,893,772

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,893,772
Expenses per Audited Statements$4,657,632
Total Expenses per Audited Statements$4,657,632
Expenses Not Reported on Financial Statements$236,140
Other Expense Adjustments$236,140
International Activity

International Summary

Spending
$2,803,700

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Cayman IslandsInvestments-00$2,803,700
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,072
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
5k Run/walk$15,072$15,072-$15,072
Total Events$15,072$15,072-$15,072
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The organization provides a copy of the 990 to the board for review prior to filing.

Form 990, Part VI, Section B, Line 12C

Potential board members are checked for any possible conflicts of interest before coming on the board.

Form 990, Part VI, Section B, Line 15B

The board approves the salary for all employees.

Form 990, Part VI, Section C, Line 19

These documents are generally not made available to the public.

Filing and Contact Details

Filer

Filer Name
Boys Home Inc
EIN
54-0505870
Phone
5409657700
Address
414 BOYS HOME ROAD, COVINGTON, VA 24426

Signing Officer

Name
Christopher Doyle
Title
Exec Director / Sec
Signed
2026-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Doyle
Formed
1906
Legal Domicile
Va
Voting Board Members
19
Independent Board Members
19
Employees
74
Volunteers
5

Preparer

Firm
Foti Flynn Lowen & Co Pc
Address
501 S JEFFERSON ST, ROANOKE, VA 24011
Preparer
Bradley J Davis CPA
Phone
5403449246
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

BOYS' PERSONAL EXPENSES: Column (A) - Total = $25583; Column (B) - Program Services = $25583; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

COLLEGE FEES & EXPENSES: Column (A) - Total = $6261; Column (B) - Program Services = $6261; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

DUES & SUBSCRIPTIONS: Column (A) - Total = $8930; Column (B) - Program Services = $0; Column (C) - Management & General = $8930; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

EDUCATIONAL SUPPLIES & TRAININ: Column (A) - Total = $28190; Column (B) - Program Services = $28190; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

EQUIPMENT & VEHICLE MAINTENANC: Column (A) - Total = $73206; Column (B) - Program Services = $73206; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

FARM EXPENSES: Column (A) - Total = $51002; Column (B) - Program Services = $51002; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

HOUSEHOLD FURNISH & SUPPLIES: Column (A) - Total = $22257; Column (B) - Program Services = $22257; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

INSURANCE: Column (A) - Total = $95328; Column (B) - Program Services = $95328; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

MISCELLANEOUS: Column (A) - Total = $55416; Column (B) - Program Services = $30666; Column (C) - Management & General = $24750; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

OFFICE EXPENSE: Column (A) - Total = $99852; Column (B) - Program Services = $0; Column (C) - Management & General = $99852; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

OTHER PURCHASED SERVICES: Column (A) - Total = $44876; Column (B) - Program Services = $39304; Column (C) - Management & General = $5572; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

PROFESSIONAL FEES: Column (A) - Total = $76434; Column (B) - Program Services = $0; Column (C) - Management & General = $76434; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

RECREATION: Column (A) - Total = $40592; Column (B) - Program Services = $40592; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

TAXES & LICENSES: Column (A) - Total = $17299; Column (B) - Program Services = $0; Column (C) - Management & General = $17299; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

TELEPHONE: Column (A) - Total = $17188; Column (B) - Program Services = $0; Column (C) - Management & General = $17188; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

TRAINING: Column (A) - Total = $21157; Column (B) - Program Services = $0; Column (C) - Management & General = $21157; Column (D) - Fundraising = $0

Form 990, Part XI, Line 9

Net change in value of split interest agreements = $1809671

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

Each resident after acceptance in regular program has a boys personal money ("bpm") account that is tracked using quicken software. Each resident has debits and credits into the account from honor roll, citizenship, work pay and parents, sponsors and town spending money, school dances, etc. When a resident is discharged the money after all charges, etc is returned to them within 60 days.

Part V, Line 4: Intended uses of the endowment fund.

Endowment funds are used for operating expenses. Boys' home, inc. Draws 5%-6% annually based on a 3-year average of the ending balance of the endowment at 12/31 of the current and past two years. This allows for growth of the fund to continue funding the operating expenses for years to come.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Net change in value of split interest ag $1809671

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Adj for tuition reported net on f/s $236140

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Adj for tuition reported net on f/s $236140

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