Crossroads Rhode Island is located in Providence, RI. The organization was established in 1934. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Crossroads Rhode Island employed 286 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crossroads Rhode Island is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Crossroads Rhode Island generated $30.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $19.3m during the year ending 12/2023. While expenses have increased by 7.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP HOMELESS OR AT-RISK INDIVIDUALS AND FAMILIES SECURE STABLE HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELTER AND ASSESSMENT - HOUSING PROBLEM SOLVING AND SHELTER. HOUSING PROBLEM SOLVING IS A RELATIVELY NEW APPROACH THAT PREVENTS AT-RISK PEOPLE FROM BECOMING HOMELESS BY FACILITATING CLIENT-CENTERED CONVERSATIONS THAT HELP THEM EXPLORE FLEXIBLE, SAFE AND COST-EFFECTIVE SOLUTIONS TO ENDING THEIR HOUSING CRISIS. IN 2023, CROSSROADS PROVIDED HOUSING PROBLEM SOLVING SUPPORTS INCLUDING RENTAL ASSISTANCE, SECURITY DEPOSITS AND UTILITIES ARREARS TO MORE THAN 1,750 HOUSEHOLDS. MORE THAN $600,000 IN ASSISTANCE WAS DISTRIBUTED, ABOUT $2,042 PER HOUSEHOLD, WHICH HELPED NEARLY 300 HOUSEHOLDS AVOID HOMELESSNESS, INCLUDING 39 DOMESTIC VIOLENCE SURVIVORS.WHEN DIVERSION ISN'T POSSIBLE, IT IS SOMETIMES NECESSARY FOR PEOPLE TO STAY AT ONE OF OUR TEMPORARY EMERGENCY SHELTERS WHILE WE WORK TO FIND THEM HOUSING. IN 2023, CROSSROADS OPERATED 7 EMERGENCY SHELTERS THROUGHOUT RHODE ISLAND, PROVIDING SAFE SHELTER TO 1,406 PEOPLE, INCLUDING 124 CHILDREN. OF THOSE, 38 WOMEN AND 40 CHILDREN WERE DOMESTIC VIOLENCE SURVIVORS.
HOUSING PROGRAMS - CROSSROADS RHODE ISLAND IS THE STATE'S LEADING PROVIDER OF HOUSING AND SERVICES TO THOSE EXPERIENCING HOMELESSNESS. CROSSROADS OWNS AND MANAGES MORE THAN 375 PERMANENT SUPPORTIVE HOUSING UNITS STATEWIDE, INCLUDING THE RECENTLY RENOVATED BEACH AVENUE APARTMENTS. AS PART OF THAT PROJECT, THE WARWICK FAMILY SHELTER WAS CONVERTED INTO FOUR MUCH-NEEDED APARTMENTS FOR FORMERLY HOMELESS FAMILIES. IN ORDER TO HELP REDUCE HOMELESSNESS IN RHODE ISLAND, LAST YEAR CROSSROADS ALSO BROKE GROUND ON 94 SUMMER STREET IN PROVIDENCE, A 176-UNIT PERMANENT SUPPORTIVE APARTMENT BUILDING FOR HOMELESS OR AT-RISK ADULTS. THE PROJECT IS EXPECTED TO BE COMPLETED IN 2025.IN 2023, THE AGENCY HELPED 1,764 ADULTS AND CHILDREN, INCLUDING 90 DOMESTIC VIOLENCE SURVIVORS, EITHER FIND A NEW PLACE TO CALL HOME OR MAINTAIN THEIR HOUSING WITH SUPPORT, INCLUDING ONGOING CASE MANAGEMENT, BASIC NEEDS ASSISTANCE AND EDUCATION AND EMPLOYMENT SERVICES. OF THOSE, 120 HOUSEHOLDS RECEIVED UP TO 24 MONTHS OF RENTAL ASSISTANCE AND CASE MANAGEMENT SUPPORT THROUGH OUR RAPID REHOUSING PROGRAM, WHICH ALLOWED THEM TO MOVE INTO MARKET-RATE APARTMENTS STATEWIDE.ANOTHER 529 HOUSEHOLDS MOVED INTO PERMANENT SUPPORTIVE HOUSING, PRIMARILY INTO PROPERTIES THAT CROSSROADS OWNS. THESE APARTMENTS ARE DEEPLY SUBSIDIZED, ALLOWING FOR EXTREMELY LOW OR NO-INCOME RESIDENTS TO LIVE SAFELY WITH THE HOUSING-BASED SERVICES AND SUPPORT THEY NEEDFOR AS LONG AS THEY NEED.
EDUCATION AND EMPLOYMENT SERVICES - GETTING A JOB AND KEEPING IT IS CRITICAL TO HELPING OUR CLIENTS MAINTAIN THEIR HOUSING AND ACHIEVE SELF-SUFFICIENCY. TO HELP OUR CLIENTS ACHIEVE HIGHER LEVELS OF EDUCATION AND SECURE BETTER PAYING JOBS, CROSSROADS OFFERED A BROAD RANGE OF TRAUMA-INFORMED PROGRAMS BOTH VIRTUALLY AND IN-PERSON LAST YEAR. MORE THAN 250 PEOPLE PARTICIPATED IN PROGRAMS DESIGNED TO HELP THEM INCREASE THEIR LITERACY AND MATH SKILLS, WORK TOWARD A HIGH SCHOOL DIPLOMA, COMPLETE A TRAINING PROGRAM OR LOOK FOR A JOB. AS A RESULT, 87 PEOPLE LANDED NEW JOBS AND 56 EARNED A MEASURABLE SKILLS GAIN. OUR SUCCESSFUL CERTIFIED NURSE ASSISTANT (CNA) PROGRAM ALSO CELEBRATED ITS 150TH GRADUATING CLASS SINCE WE BEGAN OFFERING THE PROGRAM IN THE 1990S. AS A RESULT HUNDREDS OF CROSSROADS GRADS ARE NOW WORKING IN HOSPITALS, NURSING HOMES AND HOME HEALTH CARE ORGANIZATIONS TODAY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Adam Hamblett Vice Chair | OfficerTrustee | 1 | $0 |
Alden M Anderson Jr Director | Trustee | 1 | $0 |
Beth Mcquade Director | Trustee | 1 | $0 |
Bradford S Dimeo Director | Trustee | 1 | $0 |
Brian Murphy Director (as Of 4/23) | Trustee | 1 | $0 |
Bruce Messier Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Trac Buildiners Inc Construction Services | 12/30/23 | $1,320,321 |
East Coast Masonary & Restoration Brick Repointing | 12/30/23 | $1,039,135 |
Delta T Group Temp Services | 12/30/23 | $882,944 |
Pariseault Builders Construction Services | 12/30/23 | $903,296 |
Kite Architects Architectual & Engineer Services | 12/30/23 | $693,629 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $87,500 |
Related organizations | $0 |
Government grants | $18,616,874 |
All other contributions, gifts, grants, and similar amounts not included above | $10,080,133 |
Noncash contributions included in lines 1a–1f | $225,895 |
Total Revenue from Contributions, Gifts, Grants & Similar | $28,784,507 |
Total Program Service Revenue | $1,516,956 |
Investment income | $194,041 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $36,733 |
Net Income from Fundraising Events | $95,065 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $30,664,778 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,082,582 |
Compensation of current officers, directors, key employees. | $406,312 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $7,706,822 |
Pension plan accruals and contributions | $160,769 |
Other employee benefits | $718,687 |
Payroll taxes | $756,604 |
Fees for services: Management | $0 |
Fees for services: Legal | $13,894 |
Fees for services: Accounting | $74,225 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $213,592 |
Fees for services: Investment Management | $18,198 |
Fees for services: Other | $1,144,147 |
Advertising and promotion | $173,803 |
Office expenses | $392,518 |
Information technology | $110,936 |
Royalties | $0 |
Occupancy | $1,292,687 |
Travel | $88,967 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $44,915 |
Interest | $41,309 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,256,970 |
Insurance | $299,882 |
All other expenses | $0 |
Total functional expenses | $19,348,613 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $8,214,124 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $10,464,316 |
Accounts receivable, net | $2,670,699 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $11,122,910 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $131,434 |
Net Land, buildings, and equipment | $19,457,865 |
Investments—publicly traded securities | $3,948,981 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | -$255,540 |
Total assets | $55,754,789 |
Accounts payable and accrued expenses | $5,716,704 |
Grants payable | $0 |
Deferred revenue | $40,338 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $16,169,077 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,537 |
Total liabilities | $21,927,656 |
Net assets without donor restrictions | $22,536,750 |
Net assets with donor restrictions | $11,290,383 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $55,754,789 |