Shelter Development Inc
- Assets
- $982.0k
- Revenue
- $398.5k
- Investments
- $0.0
- Employees
- 3
- Location
- La Crosse, WI
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-1538865
Organization Overview
Shelter Development Inc is located in La Crosse, WI. The organization was established in 2015. 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, Shelter Development Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shelter Development Inc 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, Shelter Development Inc generated $398.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $86.2k during the year ending 12/2022. 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
PRIMARY EXEMPT PURPOSE - THE MISSION OF FRANCIS HOMES (SHELTER DEVELOPMENT INC.) IS TO END FAMILY HOMELESSNESS IN THE LA CROSSE, WI AREA. FRANCIS HOMES CONSIDERS FAMLIY INDIVIDUAL NEEDS TO CONNECT THEM TO A FITTING HOME AND A CASE MANAGER TO PROVIDE THEM WITH A PLAN FOR SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALARIES AND WAGES - IT IS NECESSARY TO INCUR SALARIES AND WAGES FOR PROGRAM DIRECTORS AND ASSISTANTS IN ORDER TO ACHIEVE OUR EXEMPT PURPOSE OF PROVIDING AN END TO HOMELESSNESS IN THE LA CROSSE WI AREA. PROGRAM DIRECTORS AND ASSISTANTS AIDE IN SUPPORTING FAMILY NEEDS AND CONNECTING THEM TO A FITTING HOME AS WELL AS A CASE MANAGER TO PROVIDE THEM WITH A SERVICE PLAN FOR SUCCESS IN PREVENTING HOMELESSNESS.
FRANCIS HOMES ACQUISITION AND EXPENSES ARE NECESSARY TO THE SUCCESS OF SHELTER DEVELOPMENT IN SECURING PROPERTIES, MAINTAINING THE PROPERTIES AND EVENTUALLY REASSIGNING THE PROPERTY TO FAMILIES TO PREVENT HOMELESSNESS. SHELTER DEVELOPMENT ABSORBS THE COSTS OF PURCHASING IMPROVING AND MAINTAINING UNTIL A FAMILY IS READY TO HANDLE THE EXPENSE ON THEIR OWN AT WHICH TIME THE HOME IS TRANSFERRED.
THE EXCHANGE PROGRAM WITHIN SHELTER DEVELOPMENT IS NECESSARY TO THE MISSION OF PREVENTING HOMELESSNESS BY ACQUIRING THROUGH DONATIONS AND VOLUNTEERS THE NECESSARY ITEMS TO FURNISH A HOME. THESE ITEMS ARE OFTEN DONATED. MANY VOLUNTEERS WORK TOGETHER TRANSPORTING SUCH FURNISHINGS TO COMPLETE THE HOME AND MAKE IT LIVABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Stuttgen Director | Trustee | 1 | $0 |
Rebecca Naugler Director | Trustee | 1 | $0 |
Majel Hein Director | Trustee | 1 | $0 |
Audrey Lucier Director | Trustee | 1 | $0 |
Nancy Gerrard Director | Trustee | 1 | $0 |
Isaac Hoffman Director | Trustee | 1 | $0 |
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 | $374,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $374,495 |
| Total Program Service Revenue | $7,937 |
| Investment income | $32 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,027 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $398,491 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,812 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,764 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $450 |
| All other expenses | $0 |
| Total functional expenses | $86,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,159 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $613,797 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $981,956 |
| Accounts payable and accrued expenses | $2,016 |
| 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 | $380,538 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $382,554 |
| Net assets without donor restrictions | $408,099 |
| Net assets with donor restrictions | $191,303 |
| 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 | $981,956 |