Shared Housing Services
- Assets
- $0.0
- Revenue
- $330.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Tacoma, WA
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 91-1557248
Organization Overview
Shared Housing Services is located in Tacoma, WA. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Shared Housing Services employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shared Housing Services 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, Shared Housing Services generated $330.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $387.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. 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
SHARED HOUSING SERVICES PROVIDES AFFORDABLE, ALTERNATIVE HOUSING SOLUTIONS TO ENCOURAGE INDEPENDENCE AND SELF-SUFFICIENCY IN INDIVIDUALS AND FAMILIES THROUGH THE REFERRAL/MATCH SHARE AND TRANSITIONAL FAMILY HOUSING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 WAS A MONUMENTAL YEAR FOR SHARED HOUSING SERVICES (SHS).IN APRIL OF 2021, SHS BOARD OF DIRECTORS PASSED A RESOLUTION TO EXPLORE THE POSSIBILITY OF MERGING SHS PROGRAMS, STAFF, AND ASSETS WITH AN AFFINITY ORGANIZATION TO BUILD CAPACITY TO SERVE THE GROWING NEED IN THE COMMUNITY. AFTER VETTING ELEVEN ORGANIZATIONS, THE BOARD AUTHORIZED THE EXECUTIVE DIRECTOR AND BOARD PRESIDENT TO APPROACH AND NEGOTIATE AND POSSIBLE MERGER WITH ASSOCIATED MINISTRIES. BOTH ORGANIZATIONS CONTRACTED WITH OUTSIDE CONSULTANTS TO COMPLETE THE DUE DILIGENCE PROCESS FOR MERGING THE TWO ORGANIZATIONS. ON OCTOBER 27, 2022, SHS BOARD OF DIRECTORS UNANIMOUSLY PASSED A RESOLUTION AUTHORIZING THE MERGER OF SHS WITH ASSOCIATED MINISTRIES TO BECOME EFFECTIVE ON DECEMBER 31, 2022, AT 5:00PM PACIFIC TIME. ALSO AT THE OCTOBER 27TH BOARD MEETING, SHS BOARD OF DIRECTORS UNANIMOUSLY PASSED A RESOLUTION TO DISSOLVE SHS AS AN ENTITY EFFECTIVE DECEMBER 31, 2022, AT 5:00PM PACIFIC TIME.DUE TO PURSUING A MERGER WITH AN AFFINITY ORGANIZATION, SHS DID NOT CONDUCT ANY FUNDRAISING ACTIVITIES AFTER APRIL. SHS DID APPLY FOR AND RECEIVED A SECOND PPP LOAN OF $50,300 WHICH WAS FORGIVEN BY THE SMALL BUSINESS ASSOCIATION IN DECEMBER 2021.THE CORONAVIRUS PANDEMIC CONTINUED TO IMPACT SHS THREE (3) HOMESHARING PROGRAMS, ADULT HOMESHARING (AHS), COLLEGIATE HOMESHARING (CHS), AND YOUTH HOST HOMES. WHILE ETHE OFFICES REMAINED OPEN, MEETINGS AND INTAKES CONTINUED TO BE CONDUCTED VIA TELEPHONE OR VIRTUALLY WHICH GREATLY LENGTHENED THE PROCESS. ACCOMPLISHMENTS ACHIEVED BY THE HOMESHARING PROGRAMS IN 2021 WERE:THE ADULT HOMESHARING (AHS) PROGRAM COMPLETED FORTY-SIX (46) HOME SHARE MATCHES VERSUS SEVENTY (70) IN 2020. THIS WAS A DECREASE OF THIRTY-FOUR PERCENT (34.3%). THE YOUTH HOST HOME (YHH) PROGRAM HOUSED TWENTY-TWO (22) YOU AND YOUNG ADULTS EXPERIENCING HOMELESSNESS FOR THE YEAR VERSUS TWENTY-FIVE (25) IN 2020. THIS WAS A SLIGHT DECREASE OF TWELVE PERCENT (12%).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Merrill Executive Director | 40 | $97,857 | |
Michael Rocchi Ph D President | OfficerTrustee | 0 | $0 |
Richard Craig Vice President | OfficerTrustee | 0 | $0 |
Angela Martin Treasurer | OfficerTrustee | 0 | $0 |
Sharon Klancke Secretary | OfficerTrustee | 0 | $0 |
Stephanie Cantoni Director | Trustee | 0 | $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 | $206,772 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,772 |
| Total Program Service Revenue | $122,200 |
| Investment income | $1,977 |
| 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 | $330,949 |
| 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. | $97,857 |
| Compensation of current officers, directors, key employees. | $61,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,235 |
| Pension plan accruals and contributions | $1,884 |
| Other employee benefits | $4,217 |
| Payroll taxes | $21,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,019 |
| Advertising and promotion | $0 |
| Office expenses | $14,014 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,504 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,943 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,300 |
| All other expenses | $5,923 |
| Total functional expenses | $387,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |