CARPENTER'S SHELTER 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

1990

Legal Domicile

Principal Officer

SHANNON STEENE

Phone

7035487500

Tax Period

2024-07-01 to 2025-06-30

CARPENTER'S SHELTER INC, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $5.8M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Net assets of $12.2M represent 25 months of operating reserves.

Mission

SUPPORT PEOPLE EXPERIENCING AND AT RISK OF HOMELESSNESS TO ACHIEVE SUSTAINABLE INDEPENDENCE THROUGH SHELTER AND HOUSING PLACEMENT, GUIDANCE, EDUCATION AND ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $4,781,022

CARPENTER'S SHELTER SERVES APPROXIMATELY 900 HOMELESS AND FORMERLY HOMELESS PEOPLE IN ALEXANDRIA EACH YEAR THROUGH THE FOLLOWING PROGRAMS: 2 64-BED EMERGENCY RESIDENTIAL SHELTERS, A DAY SHELTER FOR THE PEOPLE EXPERIENCING CHRONIC HOMELESSNESS ALLOWING THEM TO MEET SOME OF THEIR PERSONAL HYGIENE NEEDS, AN OVERNIGHT SHELTER DURING THE COLD WEATHER MONTHS TO ENSURE NO ONE NEEDS TO EXPERIENCE HYPOTHERMIA, AS WELL AS RAPID REHOUSING AND PERMANENT SUPPORTIVE HOUSING FOR CLIENTS, LINKING THEM TO PERMANENT HOUSING IN THE COMMUNITY. CARPENTER'S SHELTER MEETS THE IMMEDIATE NEEDS OF INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS AND PROVIDES SUPPORT TO ACHIEVE HOUSING STABILITY THROUGH INDIVIDUALIZED CASE MANAGEMENT, HOUSING LOCATION, CONNECTION TO EDUCATION AND TRAINING, WORKFORCE DEVELOPMENT, FINANCIAL LITERACY WORKSHOPS, ON-SITE HEALTH CLINIC SERVICES, MENTAL HEALTH SERVICES, AND CHILDREN'S PROGRAMMING. THE SHELTER RECEIVED OTHER CONTRIBUTED SERVICES FROM VOLUNTEERS, INCLUDING BOARD AND MEMBERS, WHO CONTRIBUTED APPROXIMATELY 9,600 HOURS OF THEIR TIME TO THE SHELTER. THE CONTRIBUTED HOURS ARE VALUED AT $297,000.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,365,352

Program Service Revenue $0

Investment Income $389,628

Other Revenue $0

TOTAL REVENUE $5,754,980

Expense Breakdown

Grants Paid $1,662,259

Salaries & Benefits $2,995,691

Fundraising Expenses $811,151

Program Expenses $4,781,022

Other Expenses $1,220,346

TOTAL EXPENSES $6,092,146

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,754,980	$4,538,480	+0.3%
Expenses	$6,092,146	$4,917,020	+0.2%
Net Income	$-337,166	$-378,540	-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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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

Volunteers

462

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

$187,860

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN WOLCOTT	CHAIR	2.00	Officer Director	$0	$0	$0
JENNIFER POERSCH	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SIMONE PUTNAM	TREASURER	2.00	Officer Director	$0	$0	$0
MASHARIA HOLMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
WILLIE BAILEY	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE BRADLEY	DIRECTOR	2.00	Director	$0	$0	$0
LINDSAY HUTTER	DIRECTOR	2.00	Director	$0	$0	$0
KATHERINE MCCARRON	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE MILLBEN	DIRECTOR	2.00	Director	$0	$0	$0
KISHA PERKINS	DIRECTOR	2.00	Director	$0	$0	$0
TRACEY PILONE	DIRECTOR	2.00	Director	$0	$0	$0
JUDY GELI ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
ANKUR SHAH	DIRECTOR	2.00	Director	$0	$0	$0
JIM TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
NANCY DIPAOLO	DIRECTOR	2.00	Director	$0	$0	$0
YOLANDA HIGDON	DIRECTOR	2.00	Director	$0	$0	$0
DONALD THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON STEENE	EXECUTIVE DIRECTOR	40.00	Officer	$162,824	$25,036	$187,860
MONISE QUIDLEY	DIRECTOR OF DEVELOPMENT	40.00	Highest	$118,860	$21,762	$140,622
MARY C CALDWELL	THERAPEUTIC SERVICE DIRECT	40.00	Highest	$112,747	$18,148	$130,895

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	$5,754,980	$6,092,146	$12,368,915	$-337,166
2024	$4,538,480	$4,917,020	$12,398,255	$-378,540
2023	$6,748,784	$5,135,367	$12,494,086	$1,613,417
2022	$3,783,196	$4,076,083	$10,644,706	$-292,887
2021	$4,026,968	$3,430,846	$11,615,223	$596,122
2020	$3,662,366	$3,517,224	$10,312,789	$145,142
2019	$7,141,203	$2,965,416	$9,986,416	$4,175,787
2018	$2,043,087	$2,290,935	$5,986,123	$-247,848