Crossroads Housing
- Assets
- $4.6m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Shelton, WA
- Founding
- 01/1993
- Data as of
- 06/2022
- EIN
- 91-1569401
Organization Overview
Crossroads Housing is located in Shelton, WA. The organization was established in 1993. 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 06/2022, Crossroads Housing employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crossroads Housing 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 06/2022, Crossroads Housing generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $7.5m during the year ending 06/2022. While expenses have increased by 34.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMERGENCY SHELTER & LOW-INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EMERGENCY SHELTER ASSISTANCE TO HOMELESS PERSONS.
LOW-INCOME HOUSING AND TRANSITIONAL HOUSING IN MASON COUNTY.
PROVIDED RENTAL ASSISTANCE PAYMENTS TO LOW INCOME INDIVIDUALS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Newman Vice Chair | OfficerTrustee | 1 | $0 |
Nikki Boad Secretary/treasurer | OfficerTrustee | 1 | $0 |
Roy Harrington Board Member | Trustee | 1 | $0 |
George Blush Board Member | Trustee | 1 | $0 |
James Belleville Board Member | Trustee | 1 | $0 |
Tyler Ramos Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,217,206 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,545 |
| Noncash contributions included in lines 1a–1f | $178,752 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,242,751 |
| Total Program Service Revenue | $97,870 |
| Investment income | $0 |
| 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 | $7,340,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,336,374 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,683 |
| Compensation of current officers, directors, key employees. | $16,868 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $387,419 |
| Pension plan accruals and contributions | $11,151 |
| Other employee benefits | $30,848 |
| Payroll taxes | $50,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,368 |
| Fees for services: Accounting | $11,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,182 |
| Advertising and promotion | $0 |
| Office expenses | $25,754 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,927 |
| Travel | $8,190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $186,570 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,335 |
| Insurance | $28,513 |
| All other expenses | $0 |
| Total functional expenses | $7,504,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $181,801 |
| Pledges and grants receivable | $750,962 |
| Accounts receivable, net | $11,238 |
| 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 | $2,443 |
| Net Land, buildings, and equipment | $3,656,704 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,603,648 |
| Accounts payable and accrued expenses | $737,331 |
| Grants payable | $0 |
| Deferred revenue | $201,143 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $14,579 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,351,303 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,304,356 |
| Net assets without donor restrictions | -$452,850 |
| Net assets with donor restrictions | $752,142 |
| 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 | $4,603,648 |