SHELTER 37 INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

JAMES WASHINGTON JR

Phone

5622011458

Tax Period

2025-01-01 to 2025-12-31

SHELTER 37 INC, founded in 1993, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2025. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $4.7M exceeded revenue, resulting in a 134% operating deficit.

Mission

PROVIDE EDUCATIONAL TRAINING AND PROGRAMS TO UNDERSERVED AND DISENGAGED YOUNG ADULTS IN ORDER TO EQUIP THEM WITH SKILLS AND KNOWLEDGE

Program Service Accomplishments

Program 1

Expenses: $33,550 Revenue: $0

A SECOND CHANCE-SCHOLARSHIP PROGRAM TO SUPPORT EDUCATIONAL OPPORTUNITIES FOR YOUNG ADULTS GREW TO INCLUDE ADDITIONAL RECIPIENTS WHO QUALIFIED TO RECEIVE FINANCIAL SUPPORT INCLUDING TUITION, FEES, AND...

Program 2

Expenses: $15,000 Revenue: $0

MY NEXT CHAPTER-IS AN EDUCATIONAL AND VOCATIONAL TRAINING PROGRAM THAT PROVIDES FINANCIAL SUPPORT FOR FORMER FOSTER YOUTH AND YOUNG ADULTS AGES 18 TO 32 WHO ARE TRANSITIONING INTO ADULTHOOD AND...

MY NEXT CHAPTER-IS AN EDUCATIONAL AND VOCATIONAL TRAINING PROGRAM THAT PROVIDES FINANCIAL SUPPORT FOR FORMER FOSTER YOUTH AND YOUNG ADULTS AGES 18 TO 32 WHO ARE TRANSITIONING INTO ADULTHOOD AND SEEKING A MARKETABLE SKILL OR HIGHER EDUCATION IN ORDER TO SECURE EMPLOYMENT AND FINANCIAL STABILITY.

Program 3

Expenses: $409,373 Revenue: $401,797

LOW INCOME HOUSING PROGRAM - PROVIDE HOMEOWNERSHIP OPPORTUNITIES TO LOW INCOME INDIVIDUALS. CREATED A DISASTER RELIEF FUND FOR VICTIMS OF ALTADENA CA FIRES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $163,222

Program Service Revenue $1,855,181

Investment Income $3,040

Other Revenue $0

TOTAL REVENUE $2,021,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $191,120

Program Expenses $4,414,482

Other Expenses $4,543,253

TOTAL EXPENSES $4,734,373

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,021,443	$4,854,386	-0.6%
Expenses	$4,734,373	$1,338,703	+2.5%
Net Income	$-2,712,930	$3,515,683	-1.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES WASHINGTON JR	CEO	N/A	Officer 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
2025	$2,021,443	$4,734,373	$1,122,526	$-2,712,930
2024	No data	No data	No data	No data
2023	$837,603	$716,872	$525,937	$120,731
2022	$535,061	$207,440	$1,241,615	$327,621
2021	$476,270	$187,038	No data	$289,232
2020	$68,895	$96,412	No data	$-27,517
2019	$153,613	$167,262	No data	$-13,649
2018	$163,618	$92,057	No data	$71,561