Shelter America Group
- Assets
- $9.6m
- Revenue
- $741.1k
- Investments
- $647.8k
- Employees
- 2
- Location
- Vashon, WA
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 91-1643002
Organization Overview
Shelter America Group is located in Vashon, WA. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Shelter America Group employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shelter America Group 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, Shelter America Group generated $741.1k 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 (4.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE HOUSING FOR THE VERY LOW INCOME FAMILY AND SENIOR CITIZENS AND HOMES FOR THE AGING IN WASHINGTON, OREGON, ARIZONA AND COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELTER AMERICA GROUP, THROUGH ITS INVESTMENTS IN LIMITED PARTNERSHIPS, IS RESPONSIBLE FOR DEVELOPING, CONSTRUCTING, REHABILITATING AND OWNING MORE THAN 2,000 UNITS OF LOW INCOME HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Bric President | OfficerTrustee | 30 | $121,000 |
Bradley Bullock Vice Preside | OfficerTrustee | 10 | $0 |
Michael Chellis Director | Trustee | 3 | $0 |
Timothy A Fox Director | Trustee | 3 | $0 |
Robert Jacobson Director | Trustee | 3 | $0 |
Jayn K Kellar Director/sec | Trustee | 3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $858,317 |
| Investment income | $46,416 |
| 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 | $741,071 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $263,697 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,949 |
| Advertising and promotion | $0 |
| Office expenses | $39,974 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,011 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,489 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,781 |
| Insurance | $68,017 |
| All other expenses | $12,491 |
| Total functional expenses | $1,104,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,154,495 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,481 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $914,236 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,343 |
| Net Land, buildings, and equipment | $6,163,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $647,834 |
| Investments—program-related | $211,538 |
| Intangible assets | $0 |
| Other assets | $422,627 |
| Total assets | $9,559,471 |
| Accounts payable and accrued expenses | $159,836 |
| Grants payable | $0 |
| Deferred revenue | $96,945 |
| 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 | $3,190,481 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $166,060 |
| Total liabilities | $3,613,322 |
| Net assets without donor restrictions | $5,946,149 |
| 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 | $9,559,471 |