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.
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 |
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 |