Shelter Housing Corporation
- Assets
- $3.6m
- Revenue
- $2.7m
- Investments
- $384.2k
- Employees
- 34
- Location
- Ames, IA
- Founding
- 12/1987
- Data as of
- 06/2023
- EIN
- 42-1252893
Organization Overview
Shelter Housing Corporation, operating under the name Emergency Residence Project, is located in Ames, IA. The organization was established in 1987. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Emergency Residence Project employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emergency Residence Project 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 06/2023, Emergency Residence Project generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $2.1m during the year ending 06/2023. While expenses have increased by 20.4% per year over the past 8 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 PROVIDE SHELTER AND SUPPORT TO THOSE EXPERIENCING HOMELESSNESS WHILE STRIVING TO PREVENT INDIVIDUALS FROM BECOMING HOMELESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR SHELTER PROGRAM CONTINUES TO SERVE INCREASING NUMBERS OF FAMILIES. WE HAVE BROUGHT OUR OVERFLOW SHELTER ON-LINE, ALLOWING US TO HOUSE TWO ADDITIONAL FAMILIES AT ANY GIVEN TIME IN STORY COUNTY. WITH THE SUPPORT OF MARSHALLTOWN AREA UNITED WAY AND CENTRAL IOWA HOUSING TRUST WE HAVE INCREASED OUR CAPACITY FOR SHELTER IN BOTH MARSHALL AND BOONE COUNTIES.
THIS YEAR IN STREET OUTREACH, WE HAVE CONTINUED TO SPEARHEAD THE ANNUAL POINT IN TIME COUNT FOR THE TWO RIVERS REGION. THIS COUNT, WHICH MEASURES TOTAL NUMBERS OF UNHOUSED INDIVIDUALS ON A PARTICULAR DAY EVERY JANUARY, IS HOW THE FEDERAL GOVERNMENT MEASURES HOMELESSNESS THROUGHOUT THE NATION. INCREASING THE ACCURACY OF OUR LOCAL COUNT IS CRITICAL FOR FEDERAL FUNDING TO FLOW TO OUR REGION. WE HAVE BUILT AND CONTINUE TO DEVELOP RELATIONSHIPS WITH LAW ENFORCEMENT, MEDICAL CENTERS, LIBRARIES AND OTHER INSTITUTIONS WHERE UNHOUSED PEOPLE FREQUENTLY SEEK MOMENTARY SHELTER OR SERVICES IN ORDER TO IDENTIFY THE MORE REMOTE LOCATIONS WHERE PEOPLE MAY CAMP OR PARK THEIR VEHICLES WHEN LIVING UNHOUSED. NOT ONLY IS OUR COUNT MORE ACCURATE, WE ARE ALSO ABLE TO OFFER MORE INDIVIDUALS AND FAMILIES THE OPPORTUNITY TO CHOOSE STABLE SHELTER AND OTHER SERVICES, WITH A PATH TO PERMANENT HOUSING.
IN THE TWO-RIVER REGION, OUR PERMANENT SUPPORTIVE HOUSING PROGRAM CURRENTLY ACCOMMODATES 18 HOUSEHOLDS. OUT OF THESE, 7 HOUSEHOLDS HAVE MAINTANED STABLE HOUSING FOR A YEAR AND A HALF OR LONGER. WE ARE IN THE PROCESS OF BRINGING EIGHT ADDITIONAL UNITS OF PERMANENT SUPPORTIVE HOUSING INTO SERVICE IN STORY COUNTY DURING FY2024.
SINCE JULY 2022, THE RAPID REHOUSING PROGRAM HAS HOUSED OVER 135 INDIVIDUALS INCLUDING SINGLES, COUPLES, AND FAMILIES WITH CHILDREN. OUR SERVICES HAVE ASSISTED THESE PARTICIPANTS IN INCREASING THEIR INCOME INCLUDING APPLYING FOR AND RECEIVING SSI/SSDI OR OBTAINING A JOB. OUR PROGRAM HAS ALSO ASSISTED THESE PARTICIPANTS IN APPLYING FOR BENEFITS AND GETTING ACCESS TO CRITICAL PHYSICAL AND MENTAL HEALTH TREATMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodi Stumbo CEO | Officer | 40 | $86,229 |
Dan Douglas President | OfficerTrustee | 1 | $0 |
Diane Mccauley Vice Preside | OfficerTrustee | 1 | $0 |
John Dalhoff Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Garst Secretary | OfficerTrustee | 1 | $0 |
Mark Chidister Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,251 |
| Membership dues | $0 |
| Fundraising events | $123,001 |
| Related organizations | $0 |
| Government grants | $991,166 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,591,742 |
| Noncash contributions included in lines 1a–1f | $6,203 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,720,160 |
| Total Program Service Revenue | $0 |
| Investment income | $429 |
| 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 | $2,735,602 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $459,618 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,274 |
| Compensation of current officers, directors, key employees. | $61,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $663,457 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $103,828 |
| Payroll taxes | $60,024 |
| Fees for services: Management | $0 |
| 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 | $196,678 |
| Advertising and promotion | $36,597 |
| Office expenses | $16,750 |
| Information technology | $70,812 |
| Royalties | $0 |
| Occupancy | $29,563 |
| Travel | $10,361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $78,138 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,995 |
| Insurance | $21,438 |
| All other expenses | $0 |
| Total functional expenses | $2,066,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,333 |
| Savings and temporary cash investments | $88,419 |
| Pledges and grants receivable | $456,090 |
| 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 | $40,113 |
| Net Land, buildings, and equipment | $1,790,744 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $384,230 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $489,457 |
| Total assets | $3,551,386 |
| Accounts payable and accrued expenses | $67,375 |
| 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 | $1,291,669 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,359,044 |
| Net assets without donor restrictions | $1,779,414 |
| Net assets with donor restrictions | $412,928 |
| 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 | $3,551,386 |