Carpenters Shelter Inc
- Assets
- $12.5m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 73
- Location
- Alexandria, VA
- Founding
- 03/1991
- Data as of
- 06/2023
- EIN
- 54-1571849
Organization Overview
Carpenters Shelter Inc is located in Alexandria, VA. The organization was established in 1991. 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, Carpenters Shelter Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carpenters Shelter 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 06/2023, Carpenters Shelter Inc generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $5.1m during the year ending 06/2023. While expenses have increased by 13.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT PEOPLE EXPERIENCING AND AT RISK OF HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARPENTER'S SHELTER SERVES APPROXIMATELY 700 HOMELESS AND FORMERLY HOMELESS PEOPLE IN ALEXANDRIA EACH YEAR THROUGH THE FOLLOWING PROGRAMS: A 64-BED EMERGENCY RESIDENTIAL SHELTER, A DAY SHELTER FOR THE PEOPLE EXPERIENCING CHRONIC HOMELESSNESS ALLOWING THEM TO MEET SOME OF THEIR PERSONAL HYGIENE NEEDS, AN OVERNIGHT SHELTER DURING THE COLD WEATHER MONTHS TO ENSURE NO ONE NEEDS TO EXPERIENCE HYPOTHERMIA, AS WELL AS RAPID REHOUSING AND PERMANENT SUPPORTIVE HOUSING FOR CLIENTS, LINKING THEM TO PERMANENT HOUSING IN THE COMMUNITY. CARPENTER'S SHELTER MEETS THE IMMEDIATE NEEDS OF INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS AND PROVIDES SUPPORT TO ACHIEVE HOUSING STABILITY THROUGH INDIVIDUALIZED CASE MANAGEMENT, HOUSING LOCATION, CONNECTION TO EDUCATION AND TRAINING, WORKFORCE DEVELOPMENT, FINANCIAL LITERACY WORKSHOPS, ON-SITE HEALTH CLINIC SERVICES, MENTAL HEALTH SERVICES, AND CHILDREN'S PROGRAMMING. THE SHELTER RECEIVED OTHER CONTRIBUTED SERVICES FROM VOLUNTEERS, INCLUDING BOARD AND MEMBERS, WHO CONTRIBUTED APPROXIMATELY 12,500 HOURS OF THEIR TIME TO THE SHELTER. THE CONTRIBUTED HOURS ARE VALUED AT $380,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edith Bullard Chair | OfficerTrustee | 2 | $0 |
Jonathan Wolcott Vice Chair | OfficerTrustee | 2 | $0 |
Simone Putnam Treasurer | OfficerTrustee | 2 | $0 |
Jim Taylor Secretary | OfficerTrustee | 2 | $0 |
Willie Bailey Director | Trustee | 2 | $0 |
Nicole Bradley Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $12,251 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,777,067 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,825,370 |
| Noncash contributions included in lines 1a–1f | $272,232 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,614,688 |
| Total Program Service Revenue | $0 |
| Investment income | $134,096 |
| 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 | $6,748,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,750,115 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,217 |
| Compensation of current officers, directors, key employees. | $31,443 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,710,706 |
| Pension plan accruals and contributions | $9,986 |
| Other employee benefits | $155,136 |
| Payroll taxes | $143,111 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $84,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $162,586 |
| Fees for services: Investment Management | $17,738 |
| Fees for services: Other | $58,396 |
| Advertising and promotion | $0 |
| Office expenses | $139,347 |
| Information technology | $98,709 |
| Royalties | $0 |
| Occupancy | $85,271 |
| Travel | $24,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,623 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $222,066 |
| Insurance | $39,132 |
| All other expenses | $0 |
| Total functional expenses | $5,135,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,494 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $374,140 |
| 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 | $29,950 |
| Net Land, buildings, and equipment | $5,189,619 |
| Investments—publicly traded securities | $6,875,228 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,655 |
| Total assets | $12,494,086 |
| Accounts payable and accrued expenses | $158,943 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,655 |
| 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 | $0 |
| Total liabilities | $167,598 |
| Net assets without donor restrictions | $10,552,325 |
| Net assets with donor restrictions | $1,774,163 |
| 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 | $12,494,086 |