COMMITTEE ON TEMPORARY SHELTER INC

EIN: 030285606 501(c)(3) Housing & Shelter

BURLINGTON, VT

Total Revenue
$4,369,427
Total Expenses
$4,603,847
Total Assets
$14,975,313
Net Assets
$14,593,395
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
VT
Principal Officer
JONATHAN FARRELL
Phone
8028647402
Tax Period
2023-10-01 to 2024-09-30

COMMITTEE ON TEMPORARY SHELTER INC, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Net assets of $14.6M represent 40 months of operating reserves.

Mission

COTS PROVIDES EMERGENCY SHELTER, SERVICES, AND HOUSING FOR PEOPLE WHO ARE HOMELESS OR MARGINALLY HOUSED IN VERMONT. COTS ADVOCATES FOR LONG-TERM SOLUTIONS TO END HOMELESSNESS.

Program Service Accomplishments

Program 1
Expenses: $899,369

IN THE 2024 FISCAL YEAR, 36 FAMILIES, INCLUDING 64 CHILDREN, STAYED IN COTS' EMERGENCY SHELTERS. EMERGENCY SHELTER FOR FAMILIES: THE FIREHOUSE FAMILY SHELTER (OPENED IN 1988, FULLY RENOVATED IN 2021)...

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IN THE 2024 FISCAL YEAR, 36 FAMILIES, INCLUDING 64 CHILDREN, STAYED IN COTS' EMERGENCY SHELTERS. EMERGENCY SHELTER FOR FAMILIES: THE FIREHOUSE FAMILY SHELTER (OPENED IN 1988, FULLY RENOVATED IN 2021) AND MAIN STREET FAMILY SHELTER (OPENED IN 2002) PROVIDE SAFE AND DECENT SHELTER FOR 15 FAMILIES WITH CHILDREN. FAMILIES CAN STAY FOR UP TO SIX MONTHS WHILE THEY WORK WITH COTS STAFF TO FIND AFFORDABLE HOUSING, EMPLOYMENT, CHILD CARE AND HEALTH CARE SERVICES. GUESTS BENEFIT FROM TRAUMA INFORMED SPACE DESIGN AND PROGRAM ELEMENTS DURING THEIR STAY. THE COTS CHILDREN'S EDUCATION ADVOCATE WORKS WITH CHILDREN AND PARENTS IN SHELTER TO ENSURE SUCCESS IN SCHOOL THROUGH SCHOOL, AFTER-SCHOOL, AND SUMMER CAMP PLACEMENT ASSISTANCE, AND THE CHILDREN'S MENTAL HEALTH ADOVCATE,PROMOTES CHILDREN'S HEALTHY SOCIAL, EMOTIONAL AND PHYSICAL DEVELOPMENT, AND STRENGTHEN FAMILY RELATIONSHIPS.

Program 2
Expenses: $978,719

IN THE 2024 FISCAL YEAR, COTS HELPED 112 HOUSEHOLDS EXPERIENCING FINANCIAL CRISIS AVERT HOMELESSNESS AND STAY IN THEIR HOUSING OR MOVE INTO STABLE HOUSING. THE HOUSING RESOURCE CENTER OFFERS...

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IN THE 2024 FISCAL YEAR, COTS HELPED 112 HOUSEHOLDS EXPERIENCING FINANCIAL CRISIS AVERT HOMELESSNESS AND STAY IN THEIR HOUSING OR MOVE INTO STABLE HOUSING. THE HOUSING RESOURCE CENTER OFFERS ASSISTANCE TO PREVENT AT-RISK HOUSEHOLDS FROM LOSING THEIR EXISTING HOUSING DUE TO UNFORESEEN CIRCUMSTANCES AND TO ASSIST THOSE WHO ARE WITHOUT PERMANENT SHELTER MOVE INTO STABLE HOUSING. LONGSTANDING RELATIONSHIPS WITH A NETWORK OF LOCAL LANDLORDS HELPS TO FACILITATE SUCCESSFUL CLIENT TRANSITIONS INTO PRIVATE AND PUBLIC HOUSING. THE HRC OFFERS GRANTS WITH RENT AND SECURITY DEPOSITS.

Program 3
Expenses: $1,035,997

IN THE 2024 FISCAL YEAR, 142 INDIVIDUALS STAYED IN COTS' OVERNIGHT SHELTERS, AND 1603 INDIVIDUALS VISITED THE DAYSTATION. EMERGENCY SHELTER FOR SINGLE ADULTS: THE WAYSTATION (OPENED IN 1982) IS A...

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IN THE 2024 FISCAL YEAR, 142 INDIVIDUALS STAYED IN COTS' OVERNIGHT SHELTERS, AND 1603 INDIVIDUALS VISITED THE DAYSTATION. EMERGENCY SHELTER FOR SINGLE ADULTS: THE WAYSTATION (OPENED IN 1982) IS A 36-BED OVERNIGHT SHELTER FOR MEN AND WOMEN, AGE 18 AND OLDER. THE DAYSTATION (OPENED IN 1988) IS A DAYTIME DROP-IN CENTER OFFERING REFUGE FROM THE STREETS, WHERE A NOONTIME MEAL IS SERVED. THESE FACILITIES ARE OPEN 365 DAYS A YEAR.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,532,873
Program Service Revenue $457,184
Investment Income $258,817
Other Revenue $120,553
TOTAL REVENUE $4,369,427

Expense Breakdown

Grants Paid $99,321
Salaries & Benefits $2,870,987
Fundraising Expenses $501,886
Program Expenses $3,653,717
Other Expenses $1,633,539
TOTAL EXPENSES $4,603,847

Year-over-Year Comparison

2023 2022 Change
Revenue $4,369,427 $4,973,551 -0.1%
Expenses $4,603,847 $4,268,891 +0.1%
Net Income $-234,420 $704,660 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
80
Volunteers
500

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$123,104
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN FARRELL EXECUTIVE DI 40.00
Officer
$120,200 $2,904 $123,104
KURT REICHELT CHAIR 2.00
Officer Director
$0 $0 $0
LYNNE JAUNICH VICE CHAIR 2.00
Officer Director
$0 $0 $0
ANDREW HANSON TREASURER 2.00
Officer Director
$0 $0 $0
CAROL BOARDMAN SECRETARY 2.00
Officer Director
$0 $0 $0
JARED ANNELLO DIRECTOR 2.00
Director
$0 $0 $0
KEVIN BAKER DIRECTOR 2.00
Director
$0 $0 $0
CATHERINE Z DAVIS DIRECTOR 2.00
Director
$0 $0 $0
TIM KANE DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL LIPSON DIRECTOR 2.00
Director
$0 $0 $0
JOHN MAITLAND DIRECTOR 2.00
Director
$0 $0 $0
JULIA PARADISO DIRECTOR 2.00
Director
$0 $0 $0
SARAH SPRAYREGEN DIRECTOR 2.00
Director
$0 $0 $0
TOM STRETTON DIRECTOR 2.00
Director
$0 $0 $0
SEAN COLLINS DIRECTOR 2.00
Director
$0 $0 $0
MAREE GAETANI DIRECTOR 2.00
Director
$0 $0 $0
PEG GAGNE DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $4,369,427 $4,603,847 $14,975,313 $-234,420
2023 $4,973,551 $4,268,891 $14,224,537 $704,660
2022 $6,717,253 $3,792,936 $13,228,459 $2,924,317
2021 $4,821,535 $3,936,484 $11,814,120 $885,051
2020 $4,771,835 $3,504,812 $10,272,797 $1,267,023
2019 $3,545,704 $3,741,321 $8,216,119 $-195,617
2018 $3,586,117 $3,540,440 $8,351,509 $45,677
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