Project Bloom
- Assets
- $4.1m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 12/2011
- Data as of
- 12/2021
- EIN
- 45-2851834
Organization Overview
Project Bloom is located in Portland, OR. The organization was established in 2011. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, 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. Project Bloom 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, Project Bloom generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 62.3% each year . All expenses for the organization totaled $180.7k during the year ending 12/2021. While expenses have increased by 6.3% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRANSITIONAL HOUSING AND COUNSELING TO NEWLY HOMELESS WOMEN AND THEIR MINOR CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEGINNING APRIL 2018, THE ORGANIZATION COMPLETED RENOVATIONS AND PROVIDED TRANSITIONAL HOUSING TO NEWLY HOMELESS LOW INCOME WOMEN WITH AND WITHOUT MINOR CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Murphy Executive Director | 32 | $0 | |
Loretta Mcfarland Treasurer | 0 | $0 | |
Alison Plummer Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $55,686 |
| Net Gain on Sale of Assets | $2,468,540 |
| Capital Gain Net Income | $2,468,540 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,679,303 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,522 |
| Depreciation | $38,646 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $124,984 |
| Total operating and administrative expenses | $180,720 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $180,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,098,298 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,098,298 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,991 |
| Total liabilities | $5,991 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Project Bloom has recieved totaling $71,000.
| Awarding Organization | Amount |
|---|---|
Spencer Family Foundation Lake Oswego, OR PURPOSE: ASSISTANCE TO THE HOMELESS | $71,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Solid Ground Washington Seattle, WA | $23,373,136 | $29,222,210 |
Next Move Homeless Services Sacramento, CA | $8,447,671 | $14,808,521 |
Homeward Bound Of Marin Novato, CA | $46,962,235 | $20,804,885 |
Housing Hope Everett, WA | $50,244,417 | $12,994,900 |
Berkeley Student Cooperative Inc Berkeley, CA | $57,970,092 | $10,593,922 |
Alameda County Homeless Action Center Berkeley, CA | $12,265,605 | $9,695,945 |
Operation Dignity Inc Oakland, CA | $4,987,460 | $8,555,959 |
On The Rise Inc Barstow, CA | $1,107,215 | $5,933,526 |
East County Transitional Living Center Inc El Cajon, CA | $1,910,869 | $5,548,107 |
Century Villages At Cabrillo Inc Culver City, CA | $30,721,110 | $4,907,626 |
Dignitymoves San Francisco, CA | $10,348,267 | $5,610,876 |
Ascencia Glendale, CA | $5,834,475 | $6,191,753 |