Sound Landing
- Assets
- $183.3k
- Revenue
- $243.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Duluth, GA
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 27-3199928
Organization Overview
Sound Landing is located in Duluth, GA. The organization was established in 2010. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Sound Landing employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sound Landing 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, Sound Landing generated $243.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $321.0k 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
TO END THE CYCLE OF HOMELESSNESS BY ASSISTING CLIENTS IN OBTAINING APPROPRIATE SERVICES, EMPLOYMENT, AND HOUSING LOWER THE RATE OF RECIDIVISM AMONG OUR CLIENTS INCREASE CLIENT OPPORTUNITY FOR SELF-SUFFICIENCY AND HOUSING STABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS THE EFFECTS OF COVID-19 CONTINUED TO HAVE SOME IMPACT ON OUR OPERATION, WE WERE ABLE TO SUCCESSFULLY HOUSE 87 CLIENTS THRUGH OUR STREET-TO-HOME (STH) PROGRAM. UPON TRANSITIONING OUT OF THE STH PROGRM, 40% OF THE CLIENTS MOVED ON TO PERMANENT, SELF-SUPPORTED HOUSING ARRANGEMENTS. SOME CLIENTS EXPERIENCED THE JOY OF RE-UNIFICATION WITH FAMILIES. STH CLIENTS HAD THE OPPORTUNITY TO PARTICIPATE IN FINANCIAL COACHING WORKSHOPS, WHICH INCLUDED INCENTIVE BASED OBJECTIVES I.E ESTABLISHING BANK ACCOUNTS, ATTAINING A SPECIFIC BALANCE IN SAVINGS. 43% OF ATTENDEES RECEIVED CERTIFICATES OF COMPLETION. CONT. ON SCH O PAGE 2.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $243,538 |
| Investment income | $1 |
| 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 | $243,539 |
| 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. | $36,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,167 |
| Fees for services: Management | $150 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,272 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $30,629 |
| Total functional expenses | $321,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,114 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,206 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $183,320 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,900 |
| Total liabilities | $149,900 |
| Net assets without donor restrictions | $33,420 |
| 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 | $183,320 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sound Landing has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Atlanta Inc Atlanta, GA PURPOSE: COMMUNITY BENEFIT | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Southern University Housing Foundation Inc Statesboro, GA | $249,175,255 | $10,373,698 |
Appalachian Student Housing Corporation Boone, NC | $99,024,525 | $6,456,684 |
Bloom Our Youth Inc Fayetteville, GA | $3,984,539 | $4,314,160 |
Serenity Pointe Inc Dunlap, TN | $2,490,170 | $4,102,577 |
Transition House Of Washington Inc Saint Cloud, FL | $1,607,581 | $3,946,761 |
Crossing The Jordan Foundation Inc Weston, FL | $358,334 | $2,743,535 |
Greenpointe Regional Housing Inc Dunn, NC | $10,308,542 | $2,284,690 |
Open Table Of Nashville Inc Nashville, TN | $444,222 | $1,157,501 |
Rainbow Village Inc Duluth, GA | $9,090,525 | $2,152,472 |
Veterans Life Center Raleigh, NC | $1,727,706 | $1,329,274 |
Homeless No More Inc Columbia, SC | $6,056,633 | $1,621,915 |
The Wellhouse Odenville, AL | $7,523,032 | $3,587,896 |