COVINGTON, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WELCOME HOUSE INC, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $6.4M in total revenue in fiscal year 2023.
WELCOME HOUSE PROVIDES A CONTINUUM OF SERVICES TO END HOMELESSNESS AND PROMOTE STABILITY FOR EACH PERSON WE SERVE.
THE HOMELESS SOLUTIONS SERVICE AREA PROVIDES ASSESSMENT, OUTREACH, CASE PLANNING, BUDGETING AND FINANCIAL EDUCATION, EMPLOYMENT AND HOUSING COUNSELING, BENEFIT PUBLIC BENEFIT ATTAINMENT, HOMELESS...
THE HOMELESS SOLUTIONS SERVICE AREA PROVIDES ASSESSMENT, OUTREACH, CASE PLANNING, BUDGETING AND FINANCIAL EDUCATION, EMPLOYMENT AND HOUSING COUNSELING, BENEFIT PUBLIC BENEFIT ATTAINMENT, HOMELESS DIVERSION AND COMMUNITY REFERRAL SERVICES. THE SERVICE COORDINATORS (CASE MANAGERS) WORK WITH PARTICIPANTS IN ORDER TO LINK THEM TO IN-HOUSE SERVICES AS WELL AS OTHER COMMUNITY SERVICES. SERVICE COORDINATORS WORK DIRECTLY WITH RESIDENTS STAYING AT THE WELCOME HOUSE SHELTER AND OTHER LOCAL SHELTERS, AS WELL AS INDIVIDUALS WHO ARE HOMELESS OR AT-RISK OF BECOMING HOMELESS. THE STREET OUTREACH TEAM MEMBERS ENGAGES INDIVIDUALS LIVING IN PLACES NOT MEANT FOR HABITATION. THE TEAM INCLUDES A MEDICAL COMPONENT, PROVIDING MINOR EMERGENCY MEDICAL CARE AND CONSULTATIONS TO THOSE LIVING OUTSIDE.
THE SHELTER SERVICES SERVICE AREA IS RESPONSIBLE FOR ALL OF THE TEMPORARY HOUSING FACILITIES OF THE ORGANIZATION. THIS INCLUDES OPERATION OF THE WOMEN AND CHILDREN'S SHELTER, THE FAMILY PROMISE...
THE SHELTER SERVICES SERVICE AREA IS RESPONSIBLE FOR ALL OF THE TEMPORARY HOUSING FACILITIES OF THE ORGANIZATION. THIS INCLUDES OPERATION OF THE WOMEN AND CHILDREN'S SHELTER, THE FAMILY PROMISE SHELTER, THE VETERANS SHELTER, THE MEDICAL RESPITE SHELTER AND OTHER TEMPORARY SEASONAL EMERGENCY SHELTERS. THE ORGANIZATION'S EMERGENCY SHELTERS COLLECTIVELY PROVIDE SHELTER TO 75-80 INDIVIDUALS DAILY. DURING THEIR STAY IN A SHELTER, PARTICIPANTS HAVE ACCESS TO OTHER SUPPORTIVE SERVICES INCLUDING CASE MANAGEMENT AND TRANSPORTATION AS WELL AS OTHER RESOURCES INCLUDING 3 MEALS A DAY AND PERSONAL CARE ITEMS.
THIS HOUSING AND SUPPORTIVE SERVICES SERVICE AREA INCLUDES THE OPERATION AND OVERSIGHT OF A VARIETY OF ASSISTED HOUSING PROJECTS AS WELL AS THE REPRESENTATIVE PAYEE FINANCIAL SERVICES PROGRAM. THE...
THIS HOUSING AND SUPPORTIVE SERVICES SERVICE AREA INCLUDES THE OPERATION AND OVERSIGHT OF A VARIETY OF ASSISTED HOUSING PROJECTS AS WELL AS THE REPRESENTATIVE PAYEE FINANCIAL SERVICES PROGRAM. THE HOUSING PROJECTS INCLUDE TWO RAPID RE-HOUSING RENTAL ASSISTANCE PROGRAMS, A HOMELESS PREVENTION RENTAL ASSISTANCE PROGRAM, A SCATTER-SITE PERMANENT SUPPORTIVE HOUSING PROJECT, AN 8-UNIT SITE-BASED SUPPORTIVE HOUSING PROGRAM (KING'S CROSSING) AND A TENANT BASED RENTAL ASSISTANCE PROGRAM. THIS SERVICE AREA ALSO PROVIDES SUPPORTIVE SERVICES AND OVERSIGHT TO THE GARDENS AT GREENUP APARTMENTS (20-UNIT COMPLEX). THE REPRESENTATIVE PAYEE PROGRAM HELPS INDIVIDUALS RECEIVING GOVERNMENT BENEFITS (SSI, SSDI) TO BUDGET AND MANAGE THEIR DAY-TO-DAY EXPENSES. OUR STAFF WORKS TO HELP PARTICIPANTS MAINTAIN HOUSING STABILITY AND INCREASE THEIR QUALITY OF LIFE BY MANAGING FUNDS, PAYING BILLS, AND PLANNING FOR BOTH DAILY AND LONG-TERM NEEDS OF PROGRAM PARTICIPANTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,415,457 | $6,591,280 | 0.0% |
| Expenses | $6,473,824 | $7,537,034 | -0.1% |
| Net Income | $-58,367 | $-945,754 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ALYSE HOFFER | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAUREN VOGEL | VICE-CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| EMILY HEIDT | TREASURE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAURA CANTER | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LILY AMBROSIUS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS BAUER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS BRISON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ELISAHIA CHAMBERLAIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| COREY FOISTER- TERMED | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS FRANCIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KATIE HEHMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ELLEE HUMPHREY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CONNIE KREMER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LUCY LANE- TERMED | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF LUCAS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| AMANDA MEEKER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER OWENS -TERMED | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PAULA ROTTINGHAUS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIE SCHENKEL | AT-LARGE | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHERINE SIMONE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON SPAULDING | AT-LARGE | 1.00 |
Director
|
$0 | $0 | $0 |
| TRAVIS TAYLOR- TERMED | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDI WISE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CATHERINE BOTOS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRAD DREW | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH ROBINSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIELLE AMRINE | CHIEF EXECUTIVE OFFICER | 43.00 |
Officer
Director
|
$129,889 | $439 | $130,328 |
| BRIAN VAN ARSDALE | CHIEF OPERATING OFFICER | 50.00 |
Officer
|
$110,614 | $439 | $111,053 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $6,415,457 | $6,473,824 | $13,814,937 | $-58,367 |
| 2022 | $6,591,280 | $7,537,034 | $13,267,086 | $-945,754 |
| 2021 | $7,502,919 | $5,664,380 | $15,337,370 | $1,838,539 |
| 2020 | $7,803,631 | $3,619,945 | $13,544,633 | $4,183,686 |
| 2019 | $4,189,162 | $2,690,620 | $8,735,826 | $1,498,542 |
| 2018 | $3,513,722 | $2,913,721 | $6,830,495 | $600,001 |
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