The Sophia Way
- Assets
- $3.5m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 74
- Location
- Bellevue, WA
- Founding
- 12/2012
- Data as of
- 12/2022
- EIN
- 45-4084539
Organization Overview
The Sophia Way is located in Bellevue, WA. The organization was established in 2012. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Sophia Way employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sophia Way 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 12/2022, Sophia Way generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $3.8m during the year ending 12/2022. While expenses have increased by 17.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO END HOMELESSNESS FOR ADULT WOMEN IN KING COUNTY BY PROVIDING SHELTER, LIFE SKILLS TRAINING, SOCIAL SERVICES, AND SUPPORTIVE PERMANENT HOUSING, OFFERING A PATH FROM HOMELESSNESS TO STABLE INDEPENDENT LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELEN'S PLACEPROVIDES 24/7/365 ACCESS FOR 40 WOMEN WITH A SAFE PLACE TO SLEEP, SHOWERS, MEALS, COMMUNITY RESOURCES, MENTAL HEALTH SUPPORT, AND CASE MANAGEMENT.
OTHER SERVICESOUTREACH - MEETING WOMEN WHERE THEY ARE (AT LIBRARIES, COFFEE SHOPS, SAFE PARKING SITES, ETC.) AND CONNECTING THEM TO RESOURCES AND OPPORTUNITIES FOR HOUSING; HOUSING - INCLUDES TRANSITIONAL, PERMANENT, AND SUPPPORTIVE HOUSING.
SOPHIA'S PLACEEXTENDED-STAY SHELTER FOR WOMEN EXPERIENCING HOMELESSNESS ON THE EASTSIDE OF KING COUNTY, WA. OPEN FROM 3:00 PM TO 8:00 AM EVERY NIGHT OF THE YEAR, THE SHLETER PROVIDES A SAFE PLACE TO STAY FOR 21 WOMEN WHO STAY UP TO SIX MONTHS, IN SEMI-PRIVATE CUBICLES, LOCKING CLOSETS FOR PERSONAL BELONGINGS, LIFE SKILLS CLASSES AND CASE MANAGEMENT.
RESOURCE CENTERBASED IN THE SAME LOCATION AS SOPHIA'S PLACE, THE RESOURCE CENTER PROVIDES IMMEDIATE ASSISTANCE TO WOMEN COMING OFF THE STREET OR SEEKING TO PREVENT HOMELESSNESS. OPEN FROM 8:00 AM TO 3:00 PM, THIS IS A SAFE, WARM ENVIRONMENT WHERE WOMEN EAT PREPARED MEALS, DO LAUNDRY, TAKE SHOWERS, USE COMPUTERS AND PHONES, AND BENEFIT FROM RESOURCE REFERRALS, ROTATING SERVICE PROVIDERS, AND LIFE SKILLS CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dietra Clayton Managing Executive Director | Officer | 40 | $120,915 |
Xenana Peters Executive Director Of Development & Engagement | Officer | 40 | $116,799 |
Sophia Hernandez Executive Director Of Finance & Operations | Officer | 40 | $102,894 |
Maya Subramanian Chair (through Oct 2022) | OfficerTrustee | 10 | $0 |
Hyla Dobaj Member Interim Chair (oct - Dec 2022) | OfficerTrustee | 5 | $0 |
Suzanne Justice Member & Chair (as Of Dec 2022) | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $346,042 |
| Related organizations | $0 |
| Government grants | $1,621,693 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,903,973 |
| Noncash contributions included in lines 1a–1f | $525,008 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,871,708 |
| Total Program Service Revenue | $0 |
| Investment income | $2,387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$40,283 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,835,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $342,725 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $366,137 |
| Compensation of current officers, directors, key employees. | $126,704 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,620,451 |
| Pension plan accruals and contributions | $13,156 |
| Other employee benefits | $120,502 |
| Payroll taxes | $227,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,586 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,116 |
| Advertising and promotion | $20,073 |
| Office expenses | $28,780 |
| Information technology | $12,750 |
| Royalties | $0 |
| Occupancy | $210,421 |
| Travel | $24 |
| 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 | $37,527 |
| Insurance | $10,639 |
| All other expenses | $38,067 |
| Total functional expenses | $3,838,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,432 |
| Savings and temporary cash investments | $1,143,948 |
| Pledges and grants receivable | $789,310 |
| 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 | $34,449 |
| Prepaid expenses and deferred charges | $795,406 |
| Net Land, buildings, and equipment | $424,666 |
| Investments—publicly traded securities | $101,303 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,400 |
| Total assets | $3,480,914 |
| Accounts payable and accrued expenses | $158,482 |
| 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 | $4,875 |
| Other liabilities | $0 |
| Total liabilities | $163,357 |
| Net assets without donor restrictions | $2,838,895 |
| Net assets with donor restrictions | $478,662 |
| 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 | $3,480,914 |