Student Homelessness Initiative Partnership Of Frederick County In
- Assets
- $485.3k
- Revenue
- $877.4k
- Investments
- $0.0
- Employees
- 12
- Location
- Frederick, MD
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 47-2272768
Organization Overview
Student Homelessness Initiative Partnership Of Frederick County In is located in Frederick, MD. The organization was established in 2015. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2023, Student Homelessness Initiative Partnership Of Frederick County In employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Student Homelessness Initiative Partnership Of Frederick County In 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 12/2023, Student Homelessness Initiative Partnership Of Frederick County In generated $877.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $844.2k during the year ending 12/2023. While expenses have increased by 12.3% per year over the past 6 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
THE STUDENT HOMELESSNESS INITIATIVE PARTNERSHIP BUILDS CAPACITY IN STUDENTS TO REDUCE HOUSING INSECURITY, HOMELESSNESS, AND THEIR IMPACT BY BREAKING THE SYSTEMIC BARRIERS FACING FREDERICK COUNTY YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW HORIZONS YEAR-ROUND CASE MANAGEMENT PROGRAM FOR HOMELESS YOUTH - SERVED 194 YOUTH EXPERIENCING HOMELESSNESS WHO WERE ENROLLED IN FREDERICK COUNTY PUBLIC HIGH SCHOOLS AND LOCAL COLLEGS. THE PROGRAM CONDUCTED 3,608 SERVICE TRANSACTIONS, PROVIDING ACCESS TO PHYSICAL AND MENTAL HEALTH SERVICES, TRANSPORTATION, FOOD, NEW CLOTHING, FUNDING FOR AFTER-SCHOOL ENRICHMENT ACTIVITIES, AND EMERGENCY SHELTER WHEN NEEDED.
THRIVE HOUSING NETWORK PROVIDES UNACCOMPANIED STUDENTS AGES 16-24 WITH EITHER A HOST HOME FOR UP TO SIX MONTHS OR A RAPID REHOUSING PLACEMENT FOR UP TO TWELVE MONTHS. CASE MANAGEMENT STAFF WORKS TO KEEP THE YOUTH CONNECTED TO EDUCATION WHILE MOVING TOWARD A PERMANENT AND SUSTAINABLE HOUSING SOLUTION AFTER THEIR EXIT. IN 2023, THE PROGRAM HOUSED 14 STUDENTS IN HOST HOMES AND 16 STUDENTS IN RAPID REHOUSING.
THE BASIC MATERIAL NEEDS PROGRAM PROVIDED OVER 350 MATERIAL SUPPORTS TO FAMILIES WITH STUDENTS EXPERIENCING HOMELESSNESS. THE PROGRAM SERVED STUDENTS THROUGH THE ACADEMIC YEAR AND OVER THE SUMMER THROUGH THE NEW HORIZONS SUMMER ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Racheff President | Officer | 3 | $0 |
Andi Overton Vice-Preside | Officer | 3 | $0 |
Kim Whitely Secretary | Officer | 3 | $0 |
Peter Brehm Treasurer | Officer | 3 | $0 |
Gwen Romack Past Preside | Officer | 3 | $0 |
Liz O Etouke Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $463,253 |
| All other contributions, gifts, grants, and similar amounts not included above | $413,831 |
| Noncash contributions included in lines 1a–1f | $2,690 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $877,084 |
| Total Program Service Revenue | $0 |
| Investment income | $697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$608 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $877,365 |
| 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. | $110,403 |
| Compensation of current officers, directors, key employees. | $36,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $377,937 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,213 |
| Payroll taxes | $36,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $305 |
| Fees for services: Accounting | $28,201 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,546 |
| Office expenses | $3,918 |
| Information technology | $2,003 |
| Royalties | $0 |
| Occupancy | $29,201 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $7,078 |
| All other expenses | $3,114 |
| Total functional expenses | $844,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,066 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $64,168 |
| 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 | $2,359 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,670 |
| Total assets | $485,263 |
| Accounts payable and accrued expenses | $37,665 |
| Grants payable | $0 |
| Deferred revenue | $21,000 |
| 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 | $0 |
| Other liabilities | $44,645 |
| Total liabilities | $103,310 |
| Net assets without donor restrictions | $381,953 |
| Net assets with donor restrictions | $0 |
| 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 | $485,263 |