Panza A Washington Nonprofit Corporation
- Assets
- $7.9m
- Revenue
- $1.4m
- Investments
- $200.0k
- Employees
- 10
- Location
- Olympia, WA
- Founding
- 08/2008
- Data as of
- 12/2021
- EIN
- 32-0243330
Organization Overview
Panza A Washington Nonprofit Corporation, operating under the name Dba Quixote Communities, is located in Olympia, WA. The organization was established in 2008. 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, Dba Quixote Communities employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dba Quixote Communities 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, Dba Quixote Communities generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $950.0k during the year ending 12/2021. While expenses have increased by 15.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
QUIXOTE COMMUNITIES PROVIDES HOUSING AND SUPPORT FOR PEOPLE EXPERIENCING HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, WE BUILT AND OPENED A 35-HOME VILLAGE IN ORTING, WA, PROVIDING PERMANENT SUPPORTIVE HOUSING FOR HOMELESS VETERANS LIVING IN PIERCE COUNTY. WE CONTINUED TO PROVIDE HOUSING AND SUPPORTIVE SERVICES TO RESIDENTS AT QUIXOTE VILLAGE, A 30-HOME VILLAGE IN OLYMPIA, WA. OUR PROGRAMS INCLUDE OFFERING ONE-ON-ONE THERAPY THROUGH A PARTNERSHIP WITH LOCAL MENTAL HEALTH PROFESSIONALS. WE EXPANDED OUR CAPACITY BY CREATING TWO NEW POSITIONS TO HELP WITH GRANT-WRITING SO WE CAN ENSURE OUR DAILY OPERATIONS ARE MEETING THE NEEDS OF OUR RESIDENTS. WE FUNDRAISED, DESIGNED, AND DEVELOPED NEW PARTNERSHIPS AND RELATIONSHIPS TO CREATE OUR THIRD VILLAGE IN SHELTON, WA, WHICH IS SLATED TO BEGIN CONSTRUCTION IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaycie Osterberg Associate Director | Officer | 40 | $85,373 |
Colleen Carmichael Executive Director | Officer | 40 | $26,951 |
Brendan Vandervelde Treasurer | OfficerTrustee | 5 | $0 |
Arin Long Secretary | OfficerTrustee | 4 | $0 |
Joe Shorin President | OfficerTrustee | 10 | $0 |
Beth Doglio Vice President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $863,418 |
| All other contributions, gifts, grants, and similar amounts not included above | $324,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,187,538 |
| Total Program Service Revenue | $239,351 |
| Investment income | $4,314 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,101 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,434,673 |
| 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. | $112,324 |
| Compensation of current officers, directors, key employees. | $1,788 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,125 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,828 |
| Payroll taxes | $31,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,323 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,069 |
| Fees for services: Other | $21,103 |
| Advertising and promotion | $0 |
| Office expenses | $10,537 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,973 |
| Travel | $2,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,052 |
| Interest | $78,275 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,125 |
| Insurance | $38,663 |
| All other expenses | $0 |
| Total functional expenses | $950,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,682 |
| Savings and temporary cash investments | $232,293 |
| Pledges and grants receivable | $43,886 |
| Accounts receivable, net | $202,173 |
| 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 | $357 |
| Net Land, buildings, and equipment | $6,773,887 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $200,036 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,090 |
| Total assets | $7,904,404 |
| Accounts payable and accrued expenses | $172,734 |
| 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 | $5,537,659 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,150 |
| Total liabilities | $5,717,543 |
| Net assets without donor restrictions | $1,986,825 |
| Net assets with donor restrictions | $200,036 |
| 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 | $7,904,404 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Panza A Washington Nonprofit Corporation has recieved totaling $15,965.
| Awarding Organization | Amount |
|---|---|
Thurston County Economic Development Council Lacey, WA PURPOSE: COVID 19 RELIEF | $10,000 |
Community Foundation Of South Puget Sound Olympia, WA PURPOSE: OPERATING | $5,965 |
Endowment Analysis
| Beg. Balance | $178,187 |
| Earnings | $24,918 |
| Admin Expense | $3,069 |
| Ending Balance | $200,036 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Solid Ground Washington Seattle, WA | $23,373,136 | $29,222,210 |
Housing Hope Everett, WA | $50,244,417 | $12,994,900 |
Mat Su Youth Housing Wasilla, AK | $1,754,998 | $2,423,199 |
Jackson Street Youth Shelter Inc Corvallis, OR | $2,016,393 | $2,251,726 |
Anacortes Family Center Anacortes, WA | $7,783,410 | $1,252,442 |
Panza A Washington Nonprofit Corporation Olympia, WA | $7,904,404 | $1,434,673 |
Squareone Villages Eugene, OR | $5,184,818 | $2,114,058 |
Beacon Hill Anchorage, AK | $617,954 | $1,091,783 |
Harbor Hope Center Gig Harbor, WA | $698,504 | $913,022 |
Generating Hope Inc Yakima, WA | $170,247 | $444,410 |
Crossroads Communities Lebanon, OR | $121,658 | $350,949 |
St Francis Shelter Salem, OR | $1,884,050 | $737,346 |