Source: February 24, 2015 Read More →

ANNUAL REPORT

ANNUAL REPORT

TRY-AGAIN HOMES, INCORPORATED

(A WEST VIRGINIA NONPROFIT CORPORATION)

Try-Again Homes, Incorporated is a non-stock, not-for profit corporation, which operates child placing and behavioral health facilities in Fairmont, and Parkersburg, West Virginia.

 

The details concerning the contents of this advertisement, together with the other reports, statements, and schedules required to be filed, are available for public inspection and copying at the office of the West Virginia Health Care Cost Review Authority, 100 Dee Drive, Charleston, WV 25311.

STATEMENT OF FINANCIAL POSITION

 

ASSETS

CURRENT ASSETS

Cash on hand and in bank                                                      70,437

Accounts receivable                                                              163,605

Accounts receivable-affiliate organization                                  7,411

Prepaid expenses                                                                     8,351           $   249,804

FIXED ASSETS

Furniture & equipment                                                           $34,329

Buildings                                                                               468,214

502,543

Less: accumulated depreciation                                          (395,175)                107,368

TOTAL ASSETS                                                                                                 $   357,172

LIABILITIES AND FUND BALANCES

CURRENT LIABILITIES

Accounts payable and other accrued expenses               $     80,264

Accrued payable- parent organization                                     42,750

Liability for payroll taxes & related withholdings                         5,749

Salaries payable                                                                     13,706

Accrued employee benefits                                                     21,346

Deferred revenue                                                                    27,235           $   191,050

NET ASSETS

Unrestricted:

Undesignated                                                      $   58,754

Invested in fixed assets                                          107,368                166,122

TOTAL LIABILITIES AND NET ASSETS                                                             $   357,172

STATEMENT OF ACTIVITIES

UNRESTRICTED NET ASSETS

PUBLIC SUPPORT:

Contributions                                                                                                 $     15,194

REVENUES:

West Virginia Department of Health & Human Resources $ 1,480,812

Medicaid reimbursements                                                        70,338

Other income                                                                           22455

Interest income                                                                            139             1,573,744

TOTAL UNRESTRICTED SUPPORT & REVENUE                                     1,588,938

NET ASSETS RELEASED FROM RESTRICTIONS

Restrictions satisfied by payments                                                                            6,663

TOTAL UNRESTRICTED SUPPORT AND RECLASSIFICATION               1,595,601

FUNCTIONAL EXPENSES

PROGRAM SERVICES:

Parkersburg Foster Care                                                 $   864,011

Fairmont Foster Care                                                            631,080             1,495,091

SUPPORTIVE SERVICES

Administration                                                                 $   250,541

P.R. and development                                                           12,719                263,260

TOTAL FUNCTIONAL EXPENSES                                                           1,758,351

INCREASE (DECREASE) IN NET ASSETS                                                            (162,750)

TEMPORARILY RESTRICTED NET ASSETS

Support – restricted by donor                                                     $    -0-

Net assets released from restrictions:

Restrictions satisfied by payments                                         (6,663)                  (6,663)

INCREASE (DECREASE) IN NET ASSETS                                                            (169,413)

NET ASSETS AT BEGINNING OF YEAR                                                                 335,535

NET ASSETS AT END OF YEAR                                                                        $   166,122

 

 

Feb 24