TREASURE HOUSE

EIN: 800836112 501(c)(3) Housing & Shelter

GLENDALE, AZ

Total Revenue
$2,669,552
Total Expenses
$4,171,024
Total Assets
$9,882,546
Net Assets
$1,375,635
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
AZ
Principal Officer
MARK STEBBINGS
Phone
6027148189
Tax Period
2023-01-01 to 2023-12-31

TREASURE HOUSE, founded in 2012, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $4.2M exceeded revenue, resulting in a 56% operating deficit.

Mission

TO PROVIDE A PLACE WHERE YOUNG ADULTS WITH COGNITIVE AND DEVELOPMENTAL DISABILITIES CAN PARTICIPATE IN THEIR COMMUNITY, ACHIEVE INDEPENDENCE AND REALIZE THEIR FULL POTENTIAL.

Program Service Accomplishments

Program 1
Expenses: $2,985,441 Revenue: $1,177,628

IN 2023, TREASURE HOUSE CELEBRATED FIVE YEARS OF OPERATION. WE RAN AT FULL CAPACITY FOR THE ENTIRETY OF THE YEAR WITH AN ACCUMULATED WAIT LIST WHICH IMMEDIATELY FILLED APARTMENTS WHEN A FEW RESIDENTS...

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IN 2023, TREASURE HOUSE CELEBRATED FIVE YEARS OF OPERATION. WE RAN AT FULL CAPACITY FOR THE ENTIRETY OF THE YEAR WITH AN ACCUMULATED WAIT LIST WHICH IMMEDIATELY FILLED APARTMENTS WHEN A FEW RESIDENTS TRANSITIONED OUT OF TREASURE HOUSE TO COMPLETE INDEPENDENCE. 75% OF OUR RESIDENTS WERE EMPLOYED WITH TWO RESIDENTS HOLDING TWO PART-TIME JOBS. TWO RESIDENTS CONTINUED TO PURSUE JUNIOR COLLEGE. OUR PROGRAM CONTINUES TO INCREASE IN SOPHISTICATION AS OUR RESIDENTS ARE GROWING IN MATURITY AND INDEPENDENCE. OUR LIFE COACH STAFF FOCUSES INTENSELY ON EACH RESIDENT TO ASSIST WITH IMPROVED LIFE SKILLS, BUDGET MANAGEMENT, GROCERY SHOPPING, MAKING MEDICAL/DENTAL APPOINTMENTS, MANAGING HEALTHY FRIENDSHIPS, COMMUNITY INTEGRATION OUTINGS AND BEYOND. TREASURE HOUSE PROVIDES TRANSPORTATION FOR ALL RESIDENT ACTIVITIES UTILIZING FIVE TREASURE HOUSE OWNED VEHICLES WITH AN AVERAGE OF 30-35 TRIPS PER DAY, SEVEN DAYS PER WEEK. OUR COMMUNITY ASSISTANTS CONTINUE TO PROVIDE 24-HOUR IN-HOUSE COVERAGE TO SUPPORT THE DAILY ACTIVITIES AND GOALS FOR OUR RESIDENTS SUCH AS MEALS, LAUNDRY, RELATIONSHIP BUILDING WITH PEERS, TRANSPORTATION AND MUCH MORE. CALENDAR YEAR 2023 WAS OUR SECOND FULL YEAR OF RAISING FUNDS FOR OUR GROWING HOME CAPITAL CAMPAIGN IN ADDITION TO FUNDRAISING TO OPERATIONAL SUPPORT. THE GOAL FOR OUR CAPITAL CAMPAIGN IS TO RAISE 10,000,000 OVER A 3-YEAR PERIOD ENDING IN 2025. THE NEED FOR THE SERVICES THAT TREASURE HOUSE PROVIDES ACROSS THE COUNTRY CONTINUES TO GROW AS REPLICATION IN OTHER COMMUNITIES IS PART OF OUR VISION FOR THE FUTURE. TREASURE HOUSE HAS BECOME A NATIONAL RESOURCE FOR FAMILIES WHO ARE SEARCHING FOR A SAFE, EMPOWERING PROGRAM FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,163,566
Program Service Revenue $1,177,628
Investment Income $0
Other Revenue $-671,642
TOTAL REVENUE $2,669,552

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,682,178
Fundraising Expenses $629,752
Program Expenses $2,985,441
Other Expenses $2,429,945
TOTAL EXPENSES $4,171,024

Year-over-Year Comparison

2023 2022 Change
Revenue $2,669,552 $4,585,655 -0.4%
Expenses $4,171,024 $3,564,790 +0.2%
Net Income $-1,501,472 $1,020,865 -2.5%
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
19
Independent Members
19
Employees
38
Volunteers
20

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
7
$239,361
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AJ BAKER DIRECTOR 5.00
Director
$0 $0 $0
KIMBERLY CARUSO-FAST DIRECTOR 5.00
Director
$0 $0 $0
MARK DALTON DIRECTOR 5.00
Director
$0 $0 $0
JOHN FEVURLY DIRECTOR 5.00
Director
$0 $0 $0
DAN FOX DIRECTOR 5.00
Director
$0 $0 $0
SANDRA MARGETIS DIRECTOR 5.00
Director
$0 $0 $0
KEATON MERRELL DIRECTOR 5.00
Director
$0 $0 $0
ROBIN REED DIRECTOR 5.00
Director
$0 $0 $0
ROCK RICKERT DIRECTOR 5.00
Director
$0 $0 $0
KIM RINEHART DIRECTOR 5.00
Director
$0 $0 $0
SADIE TEDDER DIRECTOR 10.00
Director
$0 $0 $0
KRISTY SIEFKIN DIRECTOR 5.00
Director
$0 $0 $0
GARY TODD DIRECTOR 5.00
Director
$0 $0 $0
MARK STEBBINGS CHAIRMAN OF 10.00
Officer Director
$0 $0 $0
JEFF THOMPSON VICE CHAIRMA 10.00
Officer Director
$0 $0 $0
JUSTIN STELTENPOHL SECRETARY 5.00
Officer Director
$0 $0 $0
BRENDA WARNER PRESIDENT 10.00
Officer Director
$0 $0 $0
ALLISON DOZBABA TREASURER 5.00
Officer Director
$0 $0 $0
KURT WARNER VICE PRESIDE 10.00
Officer Director
$0 $0 $0
LAUREEN TANNER CEO 40.00
Officer
$239,361 $0 $239,361
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
2023 $2,669,552 $4,171,024 $9,882,546 $-1,501,472
2022 $4,585,655 $3,564,790 $10,923,155 $1,020,865
2021 $2,253,912 $2,646,413 $9,453,953 $-392,501
2020 $1,446,339 $2,422,071 $9,402,506 $-975,732
2019 $1,173,647 $2,098,567 $10,051,391 $-924,920
2018 $684,044 $1,255,942 $10,366,830 $-571,898
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