Simon House Inc
- Assets
- $100.0k
- Revenue
- $664.6k
- Investments
- $0.0
- Employees
- 36
- Location
- Frankfort, KY
- Founding
- 08/1987
- Data as of
- 12/2023
- EIN
- 61-1118813
Organization Overview
Simon House Inc is located in Frankfort, KY. The organization was established in 1987. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Simon House Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simon House 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 12/2023, Simon House Inc generated $664.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $744.7k during the year ending 12/2023. While expenses have increased by 34.0% per year over the past 5 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 ORGANIZATION'S MISSION IS TO REDUCE THE EXTENT AND CONSEQUENCES OF HOMELESSNESS BY PROVIDING TWO HOMELESS SHELTERS AND SERVICES FOR LOW-INCOME COMMUNITY RESIDENTS AT RISK OF HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIMON HOUSE PROVIDES AN EMERGENCY SHELTER FOR HOMELESS FAMILIES WHO ARE PREGNANT AND HOMELESS FAMILIES WITH CHILDREN. THIS SHELTER HAS SEVEN FURNISHED LIVING UNITS FOR CLIENT FAMILIES. SIMON HOUSE ALSO PROVIDES A MASS EMERGENCY SHELTER AND A DAY CENTER FOR OTHER HOMELESS ADULTS. BOTH SHELTERS PROVIDE ALL UTILITIES, SUPPLIES, AND SOME FOOD. CASE MANAGEMENT FOR EACH CLIENT IS OFFERED TO ENSURE THAT CLIENTS ARE ABLE TO RECEIVE OTHER NEEDED SERVICES.
LOW-INCOME FAMILIES IN THE COMMUNITY WHO FACE ECONOMIC CHALLENGES MAY REQUEST ASSISTANCE TO AVERT HOMELESSNESS. THROUGH SIMON HOUSE'S COMMUNITY SERVICES, CLIENTS ARE PROVIDED ESSENTIAL ITEMS (SUCH AS FOOD, CLOTHING, DIAPERS AND OTHER BABY NEEDS, CLEANING SUPPLIES, AND PERSONAL CARE ITEMS). CASE MANAGERS OFFER ASSISTANCE AND REFERRALS FOR OTHER SERVICES THESE CLIENTS MAY NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John B Martin Vice Chair | OfficerTrustee | 7 | $0 |
Jim King Director | Trustee | 1 | $0 |
Rebecca Saager Director | Trustee | 1 | $0 |
Susan Turner Director | Trustee | 1 | $0 |
Monica Valentine Director | Trustee | 1 | $0 |
Katy Doyle Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,931 |
| Related organizations | $0 |
| Government grants | $337,845 |
| All other contributions, gifts, grants, and similar amounts not included above | $298,336 |
| Noncash contributions included in lines 1a–1f | $93,059 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $667,112 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,531 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $664,581 |
| 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 | $437,291 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,182 |
| Advertising and promotion | $1,000 |
| Office expenses | $8,070 |
| Information technology | $4,875 |
| Royalties | $0 |
| Occupancy | $27,568 |
| Travel | $1,260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $725 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,284 |
| Insurance | $19,202 |
| All other expenses | $2,277 |
| Total functional expenses | $744,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,354 |
| 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 | $44,665 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $100,019 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $68,300 |
| Total liabilities | $68,300 |
| Net assets without donor restrictions | $31,719 |
| 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 | $100,019 |