Kitsap Homes Of Compassion
- Assets
- $194.4k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 12
- Location
- Bremerton, WA
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 82-1223987
Organization Overview
Kitsap Homes Of Compassion is located in Bremerton, WA. The organization was established in 2017. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Kitsap Homes Of Compassion employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kitsap Homes Of Compassion 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 12/2021, Kitsap Homes Of Compassion generated $1.3m in total revenue. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 207.1% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES TO HELP END THE HOMELESSNESS IN KITSAP COUNTY BY PROVIDING AFFORDABLE HOUSING FOR PEOPLE OF ALL CATEGORIES: SENIORS, DISABLED HOMELESS, YOUTH AND HOMELESS MOTHERS WITH YOUNG CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING PROGRAM FOR PEOPLE OF ALL CATEGORIES: SENIORS, DISABLED HOMELESS, YOUTH AND HOMELESS MOTHERS WITH YOUNG CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Willard Executive Director | Officer | 40 | $99,130 |
Joel Adamson Assistant Director | OfficerTrustee | 15 | $64,572 |
Peter Merrill Director | Trustee | 1 | $0 |
David DE Bruyn Director | Trustee | 1 | $0 |
Denise Hughes Director | Trustee | 10 | $0 |
Denis Hobbs Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $286,448 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,445 |
| Noncash contributions included in lines 1a–1f | $1,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $548,893 |
| Total Program Service Revenue | $782,079 |
| Investment income | $98 |
| 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 | $1,331,309 |
| 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. | $163,702 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,548 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,944 |
| Payroll taxes | $30,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,872 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,462 |
| Advertising and promotion | $595 |
| Office expenses | $5,460 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $789,835 |
| 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 | $11,144 |
| All other expenses | $7,249 |
| Total functional expenses | $1,397,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,997 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,740 |
| 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 | $16,113 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,578 |
| Total assets | $194,428 |
| Accounts payable and accrued expenses | $9,500 |
| 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 | $9,425 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84,589 |
| Total liabilities | $103,514 |
| Net assets without donor restrictions | $80,914 |
| Net assets with donor restrictions | $10,000 |
| 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 | $194,428 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Kitsap Homes Of Compassion has recieved totaling $39,776.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $21,126 |
Kitsap Community Foundation Silverdale, WA PURPOSE: OPERATIONS AND SUPPORT. | $10,000 |
Nami Washington Seattle, WA PURPOSE: COMMUNITY SUPPORT | $8,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Habitat For Humanity International Inc Bend, OR | $14,216,100 | $11,437,404 |
Innovative Housing Inc Portland, OR | $72,167,425 | $8,053,529 |
Rose Community Development Corporation Portland, OR | $45,929,125 | $4,147,023 |
Columbia Cascade Housing Corporation The Dalles, OR | $26,545,459 | $3,977,861 |
Community Partners For Affordable Housing Tigard, OR | $29,986,925 | $5,745,574 |
Homeownership Center Of Tacoma Tacoma, WA | $2,760,083 | $2,293,969 |
Supportive Housing And Innovative Partnerships Inc Boise, ID | $1,739,165 | $2,561,877 |
Golden Opportunity Living Development Tacoma, WA | $5,413,206 | $1,758,342 |
Southeast Seattle Senior Foundation Seattle, WA | $6,759,619 | $1,644,540 |
Council House Inc Seattle, WA | $4,818,293 | $2,290,756 |
Eastside Home Association Bellevue, WA | $4,294,550 | $1,391,091 |