MAT-SU YOUTH HOUSING

EIN: 453954205 501(c)(3) Housing & Shelter

WASILLA, AK

Total Revenue
$4,499,417
Total Expenses
$2,333,293
Total Assets
$3,997,525
Net Assets
$3,793,490
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
AK
Principal Officer
MICHELLE OVERSTREET
Phone
9073734357
Tax Period
2023-01-01 to 2023-12-31

MAT-SU YOUTH HOUSING, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 48% operating margin.

Mission

YOUTH EXPERIENCING HOMELESSNESS, AND YOUTH AT RISK OF BECOMING HOMELESS, ARE EMPOWERED TO BE CONTRIBUTING, SELF-SUPPORTING MEMBERS OF THEIR COMMUNITY. WE PROVIDE SAFE SHELTER AND WRAP-AROUND SERVICES FOR YOUTH WITH A HAND-UP NOT A HAND-OUT PHILOSOPHY.

Program Service Accomplishments

Program 1
Expenses: $2,022,212 Revenue: $104,131

BELOW ARE SOME OF MY HOUSE'S ACHIEVEMENTS AS OF FYE 12/31/2023: SERVED AN AVERAGE OF 98 CLIENTS PER WEEK WITH FOOD, CLOTHING, SHOWERS, LAUNDRY, CASE MANAGEMENT, AND WRAP-AROUND SERVICES. THIS IS ALL...

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BELOW ARE SOME OF MY HOUSE'S ACHIEVEMENTS AS OF FYE 12/31/2023: SERVED AN AVERAGE OF 98 CLIENTS PER WEEK WITH FOOD, CLOTHING, SHOWERS, LAUNDRY, CASE MANAGEMENT, AND WRAP-AROUND SERVICES. THIS IS ALL DONE WITH A STAFF OF TWO FULL-TIME AND TWO PART-TIME CASE MANAGERS, ONE FULL-TIME NAVIGATOR AND TWO SUPPORT STAFF THAT INCLUDES A HOUSING CASE MANAGER WHO COORDINATES VOUCHERS AND HELPS WITH MOVES TO TRANSITIONAL HOUSING. WE ENDED THE YEAR WITH 34 BEDS OF TRANSITIONAL CLIENT HOUSING. SPECIALIZED HOUSE DESIGNATIONS PROVIDE A SAFE PLACE FOR CLIENTS WHO IDENTIFY AS LGBTQ+, PARENTS WITH CHILDREN, SURVIVORS OF DOMESTIC VIOLENCE AND THOSE WHO REPORT HAVING BEEN TRAFFICKED. MY HOUSE'S LEGACY FOR-PROFIT BUSINESSES; GATHERING GROUNDS CAF AND STEAMDRIVEN BOUTIQUE PROVIDED JOB TRAINING TO 46 CLIENTS. 27 CLIENTS COMPLETED THE PROGRAM WITH 75% OF THEM EMPLOYED THREE MONTHS LATER. 13 CLIENTS RECEIVED THEIR GED OR HIGH SCHOOL DIPLOMA. 40% OF CLIENTS COMING IN THE DOOR HAVE NO HIGH SCHOOL COMPLETION OR GED. SINCE COVID THIS NUMBER HAS INCREASED ANNUALLY. OUR OUTREACH COORDINATOR AND A CASE MANAGER BEGAN PRESENTING NARCAN TRAINING TO THE COMMUNITY. 45% OF CLIENTS IN 2023 SELF-REPORTED SUFFERING FROM DEPRESSION, SUICIDAL THOUGHTS, IDEATIONS, AND/OR HAD ATTEMPTED TAKING THEIR OWN LIVES, SO THIS PROGRAM WAS VITAL AND TIMELY. IN 2023, ONE CLIENT DIED FROM SUICIDE, TWO FORMER CLIENTS DIED FROM OVERDOSE. THE MAT-SU OPIOID TASK FORCE, ESTABLISHED BY MY HOUSE IN 2016, WROTE KELLSIE'S LAW, WHICH PASSED AND MANDATES EDUCATION FOR YOUTH ON THE IMPACT OF DRUGS AND ADDICTION. NARCAN KITS, WHICH PREVENT OPIATE OVERDOSES AND DEATH, ARE DISTRIBUTED BY MY HOUSE AND ONE OF OUR STAFF MEMBERS IS CERTIFIED TO PROVIDE TRAINING IN THEIR USE. OUR STAFF DISTRIBUTED 386 KITS IN 2023. THE ALLIANCE TO STOP HUMAN TRAFFICKING IN ALASKA (ASHTA) WHICH IS BASED AT MY HOUSE CONDUCTED 35 AWARENESS & TRAINING PRESENTATIONS ACROSS ALASKA, AND THE ASHTA COORDINATOR IS ACTIVE AS VICE CHAIR OF THE GOVERNOR'S COUNCIL ON HUMAN AND SEX TRAFFICKING. CONTINUED TO RELEASE CONTENT FOR THE MY HOUSE PODCAST NETWORK: "MY VOICE" WHERE CLIENTS TELL THEIR STORIES. "DIAGNONSENSE" WHICH FOCUSES ON MENTAL HEALTH & SUICIDE PREVENTION. "THE MY HOUSE PODCAST", WHERE OUR CEO HOSTS COMMUNITY MEMBERS, PARTNERS, AND DONORS TO DISCUSS OUR WORK WITH HOMELESSNESS, RECOVERY & SOLUTIONS. "REDEMPTION", WHICH FOCUSES ON PREVENTING HUMAN TRAFFICKING AND ASSISTING SURVIVORS IN RECOVERY, INCLUDING HOUSING, COUNSELING, JOB TRAINING AND ADDITIONAL SUPPORT SERVICES. WE ALSO CREATED MULTIPLE VIDEOS, THAT FEATURED WORK DONE AT MY HOUSE FOR OUR YOUTUBE CHANNEL. OPERATED REDEMPTION, A JOB TRAINING PROGRAM THAT SERVES SURVIVORS OF HUMAN TRAFFICKING BY PROVIDING A SAFE SPACE TO LEARN DESIGN, MANUFACTURING, MERCHANDISING, AND RETAIL SALES SKILLS. CLIENT ASSISTED DESIGNS WERE FEATURED IN A LOCAL FASHION SHOW WHERE THE REDEMPTION BRAND WAS DEBUTED. AT YEAR END, ON 12/31/2023, WE HAD 430 ACTIVE CLIENTS. 163 OF THOSE WERE NEW INTAKES TO THE PROGRAM. WE HAVE SERVED A TOTAL OF 1,064 CLIENTS SINCE INCEPTION. ALL OF THIS IS POSSIBLE BECAUSE MY HOUSE PROVIDES SERVICES TO, AND ADVOCATES FOR, YOUTH EXPERIENCING HOMELESSNESS AND YOUTH AT-RISK OF BECOMING HOMELESS, SO THEY CAN BECOME SELF-SUFFICIENT AND CONTRIBUTING MEMBERS OF THEIR COMMUNITY.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,354,584
Program Service Revenue $104,131
Investment Income $4,773
Other Revenue $35,929
TOTAL REVENUE $4,499,417

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,546,734
Fundraising Expenses $91,935
Program Expenses $2,022,212
Other Expenses $786,559
TOTAL EXPENSES $2,333,293

Year-over-Year Comparison

2023 2022 Change
Revenue $4,499,417 $3,532,930 +0.3%
Expenses $2,333,293 $2,128,775 +0.1%
Net Income $2,166,124 $1,404,155 +0.5%
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
6
Independent Members
2
Employees
29
Volunteers
12

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
$196,973
Total Directors
11
$246,305
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE OVERSTREET CEO 40.00
Officer
$166,804 $0 $166,804
REBECCA LING DIRECTOR 40.00
Director
$104,850 $0 $104,850
ISAAC SMOLDEN DIRECTOR 40.00
Director
$71,155 $0 $71,155
KURT HOENACK DIRECTOR 40.00
Director
$50,612 $0 $50,612
STEPHANIE BERTA TREASURER 1.10
Officer Director
$19,688 $0 $19,688
DEBORAH BITNEY CFO 40.00
Officer
$10,481 $0 $10,481
VICKI OTTE CHAIR 1.10
Officer Director
$0 $0 $0
MICHAEL CARSON VICE CHAIR 1.10
Officer Director
$0 $0 $0
JOEY CRUM DIRECTOR 1.10
Director
$0 $0 $0
DAVID BALMER DIRECTOR 1.10
Director
$0 $0 $0
DAJONEE HALE DIRECTOR 1.10
Director
$0 $0 $0
JOHN GREEN DIRECTOR 1.10
Director
$0 $0 $0
CATHY COTTLE DIRECTOR 1.10
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 No data No data No data No data
2024 No data No data No data No data
2023 $4,499,417 $2,333,293 $3,997,525 $2,166,124
2022 $3,532,930 $2,128,775 $1,784,886 $1,404,155
2021 $2,423,199 $1,914,436 $1,754,998 $508,763
2020 $1,874,762 $1,283,175 $1,108,326 $591,587
2019 $1,248,122 $1,102,265 $574,541 $145,857
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