Cocoon House
- Assets
- $18.0m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 157
- Location
- Everett, WA
- Founding
- 10/1994
- Data as of
- 06/2023
- EIN
- 91-1497667
Organization Overview
Cocoon House is located in Everett, WA. The organization was established in 1994. 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 06/2023, Cocoon House employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cocoon House 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 06/2023, Cocoon House generated $12.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $13.5m during the year ending 06/2023. While expenses have increased by 16.3% per year over the past 8 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
BREAK THE CYCLE OF HOMELESSNESS THROUGH OUTREACH, HOUSING, AND PREVENTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O FOR COVID-19 ASSISTANCE
YOUTH EMPLOYMENT:SNOCO FUTURES: COCOON HOUSE IS THE LEAD AGENCY ON A FOUR-AGENCY COLLABORATION PROVIDING OUTREACH TO YOUNG PEOPLE ACROSS THE COMMUNITY AND LINKING THEM TO EMPLOYMENT TRAINING, INTERNSHIPS, AND SKILLS DEVELOPMENT. FUNDED THROUGH THE WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA), THE PROGRAM OPERATES IN PARTNERSHIP WITH REFUGEE AND IMMIGRANT SERVICES NW, SEATTLE JOBS INITIATIVE, HOUSING HOPE, AND WORKFORCE SNOHOMISH. THE PROGRAM SITE IS BASED AT THE EVERETT TRANSIT CENTER.PREVENTION SERVICES FOR PARENTS AND TEENS:PARENT DROP IN: PARENTS OF 12 TO 18-YEAR-OLDS ARE ABLE TO CALL IN OR STOP BY DURINGSCHEDULED DROP IN HOURS TO RECEIVE SUPPORT AND RESOURCES FROM THE PREVENTION TEAM.PARENTING CLASSES: CLASSES ARE OFFERED TO PARENTS AND CAREGIVERS THAT WANT TO INCREASETHEIR KNOWLEDGE OF A VARIETY OF PARENTING TOPICS INCLUDING; TEENAGE BRAIN DEVELOPMENT,GRIEF AND LOSS AND THE EFFECT ON TEENS, COMMUNICATION STYLES, HEALTHY BOUNDARIES, AND AVARIETY OF OTHER TOPICS.WAYOUT: WAYOUT IS AN INTERACTIVE WORKSHOP FOR TEENS AND PARENTS OR GUARDIANS,DESIGNED SPECIFICALLY TO SERVE LOW-RISK YOUTH OFFENDERS REFERRED BY THE JUVENILE COURTS.TODAY THE PROGRAM RECEIVES REFERRALS FROM A WIDE VARIETY OF AGENCIES.FAMILY CASE MANAGEMENT: COCOON HOUSE'S FAMILY CASE MANAGERS WORK WITH TEENSAGES 12 TO 17 YEARS OLD AND THEIR FAMILIES TO STABILIZE THE FAMILY RELATIONSHIP. THIS SUPPORTKEEPS TEENS IN THE HOME AND AWAY FROM EXPERIENCING HOMELESSNESS.
SEE SCHEDULE O FOR HOUSING SERVICES
SEE SCHEDULE O FOR STREET OUTREACH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael Lee Board Chair | OfficerTrustee | 1 | $0 |
Nylkhalid Bo Jungmayer Governance Chair | OfficerTrustee | 1 | $0 |
Natalie Taratino Vice Chair | OfficerTrustee | 1 | $0 |
Sharleen Bonnville Treasurer | OfficerTrustee | 1 | $0 |
Michael Braley Secretary | OfficerTrustee | 1 | $0 |
Ashley Abrams Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $334,858 |
| Related organizations | $0 |
| Government grants | $11,141,525 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,300,149 |
| Noncash contributions included in lines 1a–1f | $301,510 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,776,532 |
| Total Program Service Revenue | $77,272 |
| Investment income | $26,153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,617 |
| Net Income from Fundraising Events | -$58,623 |
| Net Income from Gaming Activities | $12,500 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,844,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,614,824 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $487,576 |
| Compensation of current officers, directors, key employees. | $73,348 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,154,408 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $369,096 |
| Payroll taxes | $340,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,051 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $194,670 |
| Advertising and promotion | $0 |
| Office expenses | $360,162 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $244,077 |
| Travel | $44,216 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,467 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $465,692 |
| Insurance | $82,591 |
| All other expenses | $0 |
| Total functional expenses | $13,454,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,248 |
| Savings and temporary cash investments | $401,014 |
| Pledges and grants receivable | $1,514,478 |
| Accounts receivable, net | $16,261 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $42,896 |
| Prepaid expenses and deferred charges | $146,710 |
| Net Land, buildings, and equipment | $14,741,827 |
| Investments—publicly traded securities | $1,087,418 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,003,852 |
| Accounts payable and accrued expenses | $376,272 |
| 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 | $9,862,094 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,577 |
| Total liabilities | $10,280,943 |
| Net assets without donor restrictions | $7,568,685 |
| Net assets with donor restrictions | $154,224 |
| 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 | $18,003,852 |