Kitsap Homes Of Compassion
- Assets
- $412.6k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Bremerton, WA
- Founding
- 05/2017
- Data as of
- 12/2022
- 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 12/2022, Kitsap Homes Of Compassion employed 13 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 12/2022, Kitsap Homes Of Compassion generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.9% each year . All expenses for the organization totaled $1.4m 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
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.
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 | $102,880 |
David DE Bruyn Director | Trustee | 1 | $0 |
Helen Stoll Director | Trustee | 1 | $0 |
Jamie Huff Director | Trustee | 1 | $0 |
Barb Buckham Director | Trustee | 1 | $0 |
Denise Hughes Secretary | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $466,896 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,901 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $671,797 |
| Total Program Service Revenue | $780,227 |
| Investment income | $37 |
| 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 | $1,452,134 |
| 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. | $124,751 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,892 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,542 |
| Payroll taxes | $29,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,879 |
| Fees for services: Accounting | $6,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $606 |
| Office expenses | $4,753 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $846,204 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,399 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,092 |
| All other expenses | $10,322 |
| Total functional expenses | $1,395,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,684 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $185,801 |
| 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 | $14,887 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $176,229 |
| Total assets | $412,601 |
| Accounts payable and accrued expenses | $11,757 |
| 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 | $40,000 |
| Secured mortgages and notes payable | $5,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $208,164 |
| Total liabilities | $264,921 |
| Net assets without donor restrictions | $147,680 |
| 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 | $412,601 |