SHELTER HOUSING CORPORATION D/B/A THE BRIDGE HOME

EIN: 421252893 501(c)(3) Housing & Shelter

AMES, IA

Total Revenue
$3,086,560
Total Expenses
$2,489,059
Total Assets
$7,971,441
Net Assets
$2,846,717
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
IA
Principal Officer
JODI STUMBO
Phone
5152328075
Tax Period
2023-07-01 to 2024-06-30

SHELTER HOUSING CORPORATION D/B/A THE BRIDGE HOME, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $598K, a strong 19% operating margin.

Mission

WE WALK WITH THOSE WHO HAVE FALLEN ON HARD TIMES TO HELP THEM FIND HOPE AND A HOME.

Program Service Accomplishments

Program 1
Expenses: $926,794

WE SERVED 780 INDIVIDUALS WITH 10,285 NIGHTS OF SHELTER. FUNDING FOR SHELTER SERVICES CONTINUES TO CONTRACT IN FAVOR OF FUNDING PERMANENT SUPPORTIVE HOUSING, WHICH MEANT THAT WE WERE ABLE TO SHELTER...

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WE SERVED 780 INDIVIDUALS WITH 10,285 NIGHTS OF SHELTER. FUNDING FOR SHELTER SERVICES CONTINUES TO CONTRACT IN FAVOR OF FUNDING PERMANENT SUPPORTIVE HOUSING, WHICH MEANT THAT WE WERE ABLE TO SHELTER FEWER CLIENTS FOR FEWER DAYS. WE DID, HOWEVER, REDUCE OUR AVERAGE DAYS FROM HOMELESS TO HOUSED TO 22 DAYS, WHICH IS 31% FASTER THAN OUR 30-DAY GOAL. 94% OF SHELTER CLIENTS DID NOT HAVE TO REPEAT A STAY WITHIN A 12-MONTH PERIOD, AND 96% OF CLIENTS EXITED OUR PROGRAMS HOUSED.

Program 2
Expenses: $346,968

WITH THE ASSISTANCE OF A STORY COUNTY AMERICAN RESCUE PLAN ACT GRANT, WE PURCHASED AND RENOVATED AN 8-UNIT APARTMENT BUILDING. SHORTLY AFTER THE END OF THE FISCAL YEAR, IT OPENED TO HOUSE EIGHT...

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WITH THE ASSISTANCE OF A STORY COUNTY AMERICAN RESCUE PLAN ACT GRANT, WE PURCHASED AND RENOVATED AN 8-UNIT APARTMENT BUILDING. SHORTLY AFTER THE END OF THE FISCAL YEAR, IT OPENED TO HOUSE EIGHT HOUSEHOLDS, INCLUDING 13 INDIVIDUALS, IN SAFE AFFORDABLE HOUSING. NEXT YEAR YOU WILL BE ABLE TO READ ABOUT A NEW APARTMENT BUILDING THAT WE HAVE BUILT OVER THE COURSE OF THIS FISCAL YEAR PRIMARILY WITH THE HELP OF THE NATIONAL HOUSING TRUST FUND AND THE FEDERAL HOME LOAN BANK. THIS BUILDING WILL BE USED TO PROVIDE AN ADDITIONAL 18 UNITS OF VERY LOW INCOME HOUSING TO STORY COUNTY IOWA.

Program 3
Expenses: $409,820

SINCE JULY OF 2023, WE HAVE HOUSED 816 INDIVIDUALS THROUGH OUR RAPID REHOUSING AND PERMANENT SUPPORTIVE HOUSING PROGRAMS. THIS HAS ALLOWED US TO REDUCE TOTAL NIGHTS OF SHELTER PROVIDED, BECAUSE WE...

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SINCE JULY OF 2023, WE HAVE HOUSED 816 INDIVIDUALS THROUGH OUR RAPID REHOUSING AND PERMANENT SUPPORTIVE HOUSING PROGRAMS. THIS HAS ALLOWED US TO REDUCE TOTAL NIGHTS OF SHELTER PROVIDED, BECAUSE WE WERE ABLE TO MOVE HOUSEHOLDS TO HOUSING 30% FASTER THAN OUR GOAL OF 30 DAYS. DURING THEIR TIME IN OUR PROGRAMS, 41% OF CLIENTS SHOWED POSITIVE INCOME PROGRESS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,985,616
Program Service Revenue $0
Investment Income $729
Other Revenue $100,215
TOTAL REVENUE $3,086,560

Expense Breakdown

Grants Paid $588,328
Salaries & Benefits $1,153,956
Fundraising Expenses $538,950
Program Expenses $1,700,443
Other Expenses $746,775
TOTAL EXPENSES $2,489,059

Year-over-Year Comparison

2023 2022 Change
Revenue $3,086,560 $2,735,602 +0.1%
Expenses $2,489,059 $2,066,380 +0.2%
Net Income $597,501 $669,222 -0.1%
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
15
Independent Members
15
Employees
34
Volunteers
120

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
6
$96,246
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JODI STUMBO CEO 40.00
Officer
$90,265 $5,981 $96,246
DAN DOUGLAS DIRECTOR 1.00
Director
$0 $0 $0
DIANE MCCAULEY PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN DALHOFF TREASURER 1.00
Officer Director
$0 $0 $0
JENNIFER GARST LEFT 2023 SECRETARY 0.00
Officer Director
$0 $0 $0
MARK CHIDISTER VICE PRESIDE 1.00
Officer Director
$0 $0 $0
CAROLYN CUTRONA DIRECTOR 0.00
Director
$0 $0 $0
DONNA KIENZLER DIRECTOR 1.00
Director
$0 $0 $0
DOUG POWELL DIRECTOR 1.00
Director
$0 $0 $0
MARV PRINS DIRECTOR 1.00
Director
$0 $0 $0
MARY ROSS DIRECTOR 1.00
Director
$0 $0 $0
JEANNETTE OLSON LEFT 2023 DIRECTOR 0.00
Director
$0 $0 $0
STEVE GRAHAM DIRECTOR 1.00
Director
$0 $0 $0
ELLEN WOOL DIRECTOR 1.00
Director
$0 $0 $0
DAVID WOHLSDORF SECRETARY 1.00
Officer Director
$0 $0 $0
DIANE JANVRIN JOINED 2024 DIRECTOR 1.00
Director
$0 $0 $0
JOHN LEVIS JOINED 2024 DIRECTOR 1.00
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 $3,086,560 $2,489,059 $7,971,441 $597,501
2023 $2,735,602 $2,066,380 $3,551,386 $669,222
2022 $2,121,057 $1,814,816 $2,769,901 $306,241
2021 $1,501,160 $1,381,260 $1,292,488 $119,900
2020 $866,130 $728,641 $1,127,613 $137,489
2019 $804,571 $689,598 $937,638 $114,973
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