Warm Supportive Homes Inc
- Assets
- $1.5m
- Revenue
- $113.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Westerly, RI
- Founding
- 05/2009
- Data as of
- 06/2024
- EIN
- 26-4339828
Organization Overview
Warm Supportive Homes Inc is located in Westerly, RI. The organization was established in 2009. According to its NTEE Classification (L24) the organization is classified as: Independent Housing for People with Disabilities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Warm Supportive Homes Inc 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 06/2024, Warm Supportive Homes Inc generated $113.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $151.1k during the year ending 06/2024. While expenses have increased by 2.7% per year over the past 7 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING BY OWNING AND OPERATING 8 UNITS OF HOUSING IN WESTERLY, RI FOR THE DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS AND OPERATES LOW-INCOME HOUSING FACILITIES (8UNITS) FOR THE DISABLED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT IN WESTERLY RI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Cillino Treasurer | OfficerTrustee | 1 | $0 |
Kristin Battisti President | OfficerTrustee | 1 | $0 |
Michael Bontempo Director | Trustee | 0.5 | $0 |
Dr Joel Cohen Director | Trustee | 0.5 | $0 |
Reverend Dr Joyce Duerr Director | Trustee | 0.5 | $0 |
Joe Glennon Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,862 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,862 |
| Total Program Service Revenue | $49,021 |
| Investment income | $2,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,259 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,869 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,151 |
| Fees for services: Management | $6,813 |
| Fees for services: Legal | $2,562 |
| Fees for services: Accounting | $7,142 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,435 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,061 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,400 |
| Insurance | $17,454 |
| All other expenses | $164 |
| Total functional expenses | $151,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,302 |
| Savings and temporary cash investments | $109,452 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,720 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,394,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,513,371 |
| Accounts payable and accrued expenses | $46,166 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,278,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,580 |
| Total liabilities | $1,326,846 |
| Net assets without donor restrictions | $186,525 |
| Net assets with donor restrictions | $0 |
| 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 | $1,513,371 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Journey Found Inc Manchester, CT | $6,814,522 | $16,916,726 |
Gilead Community Services Inc Middletown, CT | $4,857,935 | $15,190,412 |
Leeway-Welton Housing Corp New Haven, CT | $2,363,540 | $174,768 |
Advocates Alliance Vernon St Corporation Framingham, MA | $1,690,376 | $118,525 |
Sheldon Terrace Supportive Housing Corporation New Haven, CT | $2,779,880 | $153,067 |
Warm Supportive Homes Inc Westerly, RI | $1,513,371 | $113,259 |