Three Hots & A Cot
- Assets
- $705.0k
- Revenue
- $494.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-4355458
Organization Overview
Three Hots & A Cot is located in Birmingham, AL. The organization was established in 2009. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, 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. Three Hots & A Cot 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 12/2021, Three Hots & A Cot generated $494.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $420.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE INTENT OF THREE HOTS AND A COT TO BECOME A PROVIDER OF SERVICES FOR HOMELESS VETERANS OF THE UNITED STATES ARMED SERVICES. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO; TEMPORARY HOUSING, MEALS, TOILETRIES, PERSONAL CARE FACILITIES,GROUP THERAPY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYROLL AND CONTRACTOR COST FOR ORGANIZATIONHOUSING COST AND OTHER CRITICAL SERVICES NEEDED BY PARTCIPANTS IN PROGRAMASSISTANCE TO VETERANS IN DANGER OF BECOMING HOMELESS
THREE HOTS AND A COT PROVIDES SERVICES FOR HOMELESS VETERANS OF THE UNITED STATES ARMED SERVICES. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO; TEMPORARY HOUSING; MEALS; TOILETRIES; FACILITIES FOR SHOWERS AND LAUNDRY; MEETING FACILITIES FOR GROUP THERAPY SESSIONS; COUNSELING FOR SOCIAL AND PERSONAL ISSUES; REFERRAL SOURCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vick Springston Executive Director | OfficerTrustee | 40 | $57,000 |
Lynette Simpson Secretary | OfficerTrustee | 0 | $0 |
Richard Marsh President | OfficerTrustee | 0 | $0 |
Richard Cislak Treasurer | OfficerTrustee | 0 | $0 |
Jerome Simpson VP | OfficerTrustee | 0 | $0 |
Miles Huffstutler Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,749 |
| Related organizations | $0 |
| Government grants | $253,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,509 |
| Noncash contributions included in lines 1a–1f | $1,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $451,293 |
| Total Program Service Revenue | $43,545 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,545 |
| 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 | $494,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,692 |
| Grants and other assistance to domestic individuals. | $48,670 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,917 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,901 |
| Fees for services: Management | $2,560 |
| Fees for services: Legal | $430 |
| Fees for services: Accounting | $9,126 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,652 |
| Advertising and promotion | $13,152 |
| Office expenses | $9,022 |
| Information technology | $1,522 |
| Royalties | $0 |
| Occupancy | $48,536 |
| Travel | $31,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $108,080 |
| Conferences, conventions, and meetings | $4,012 |
| Interest | $2,184 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,410 |
| Insurance | $21,980 |
| All other expenses | $95,585 |
| Total functional expenses | $420,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,257 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $531,763 |
| Investments—publicly traded securities | $25,012 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $705,032 |
| Accounts payable and accrued expenses | $5,682 |
| 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 | $463,108 |
| Unsecured mortgages and notes payable | $20,174 |
| Other liabilities | $0 |
| Total liabilities | $25,856 |
| Net assets without donor restrictions | $679,176 |
| 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 | $16,560 |
| Total liabilities and net assets/fund balances | $705,032 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Three Hots & A Cot has recieved totaling $40,250.
| Awarding Organization | Amount |
|---|---|
Amfirst Foundation Birmingham, AL PURPOSE: TO PROVIDE TEMPORARY HOUSING, MEALS, TOILETRIES, FACILITIES, ETC. FOR HOMELESS VETERANS | $40,000 |
Gap Foundation San Francisco, CA PURPOSE: FOR CIVIC & COMMUNITY ENGAGEMENT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Knox Area Rescue Ministries Knoxville, TN | $20,292,191 | $22,883,471 |
Miami Rescur Mission Broward Outreach Centers Inc Miami, FL | $28,818,894 | $17,146,687 |
Nashville Rescue Mission Nashville, TN | $37,816,884 | $20,187,859 |
Lords Place Inc West Palm Beach, FL | $31,681,290 | $13,733,660 |
St Matthews House Inc Naples, FL | $47,342,847 | $18,573,834 |
Broward Partnership For The Homeless Inc Fort Lauderdale, FL | $11,825,164 | $15,103,298 |
Sundari Foundation Inc Miami Beach, FL | $10,261,561 | $14,225,346 |
Waterfront Rescue Mission Inc Pensacola, FL | $22,275,311 | $19,399,994 |
The Next Door Nashville, TN | $9,790,699 | $10,091,124 |
Downtown Rescue Mission Inc Huntsville, AL | $14,737,773 | $10,441,439 |
24 7 Gateway Llc Atlanta, GA | $7,682,013 | $8,328,341 |
Hibiscus Childrens Center Inc Jensen Beach, FL | $5,361,339 | $8,228,127 |