Family Homestead
- Assets
- $3.5m
- Revenue
- $507.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Denver, CO
- Founding
- 12/1976
- Data as of
- 12/2022
- EIN
- 84-0769860
Organization Overview
Family Homestead is located in Denver, CO. The organization was established in 1976. 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 12/2022, Family Homestead employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Homestead 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, Family Homestead generated $507.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $889.5k 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
HOUSING AND CASE MANAGEMENT SUPPORT FOR HOMELESS FAMILIES WITH CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY AND TRANSITIONAL HOUSING PROGRAM FOR HOMELESS FAMILIES WITH CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Jones Executive Dir. | Officer | 40 | $57,072 |
William Sharrer President | OfficerTrustee | 4 | $0 |
Jeff Jay Vice President | OfficerTrustee | 4 | $0 |
Krystal Handlin Secretary | OfficerTrustee | 4 | $0 |
Jason Buerger Treasurer | OfficerTrustee | 4 | $0 |
Ed Drummond Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,871 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,871 |
| Total Program Service Revenue | $188,726 |
| Investment income | $2,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,929 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $507,538 |
| 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. | $57,072 |
| Compensation of current officers, directors, key employees. | $17,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,792 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,306 |
| Payroll taxes | $23,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,525 |
| Fees for services: Accounting | $18,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,810 |
| Advertising and promotion | $0 |
| Office expenses | $3,079 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,585 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,512 |
| Insurance | $24,184 |
| All other expenses | $48,773 |
| Total functional expenses | $889,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $538,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,500 |
| 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 | $47,991 |
| Net Land, buildings, and equipment | $2,766,916 |
| Investments—publicly traded securities | $128,326 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,489,033 |
| Accounts payable and accrued expenses | $76,533 |
| 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 | $125,000 |
| Unsecured mortgages and notes payable | $210,350 |
| Other liabilities | $8,200 |
| Total liabilities | $420,083 |
| Net assets without donor restrictions | $3,068,950 |
| 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 | $3,489,033 |