Shared Housing Services

EIN: 911557248 501(c)(3)

Tacoma, WA

Total Revenue
$330,949
Total Expenses
$387,865
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
WA
Phone
2532721532
Tax Period
2021-01-01 to 2021-12-31

Shared Housing Services, founded in 1992, is a small nonprofit that reported $331K in total revenue in fiscal year 2021. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $388K exceeded revenue, resulting in a 17% operating deficit.

Mission

Shared Housing Services provides affordable, alternative housing solutions to encourage independence and self-sufficiency in individuals and families through the Referral/Match Share and Transitional Family Housing programs.

Program Service Accomplishments

Program 1
Expenses: $194,693

2021 was a monumental year for Shared Housing Services (SHS).In April of 2021, SHS Board of Directors passed a resolution to explore the possibility of merging SHS Programs, Staff, and Assets with an...

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2021 was a monumental year for Shared Housing Services (SHS).In April of 2021, SHS Board of Directors passed a resolution to explore the possibility of merging SHS Programs, Staff, and Assets with an affinity organization to build capacity to serve the growing need in the community. After vetting eleven organizations, the Board authorized the Executive Director and Board President to approach and negotiate and possible merger with Associated Ministries. Both organizations contracted with outside consultants to complete the due diligence process for merging the two organizations. On October 27, 2022, SHS Board of Directors unanimously passed a resolution authorizing the merger of SHS with Associated Ministries to become effective on December 31, 2022, at 5:00pm Pacific Time. Also at the October 27th board meeting, SHS Board of Directors unanimously passed a resolution to dissolve SHS as an entity effective December 31, 2022, at 5:00pm Pacific Time.Due to pursuing a merger with an affinity organization, SHS did not conduct any fundraising activities after April. SHS did apply for and received a second PPP loan of $50,300 which was forgiven by the Small Business Association in December 2021.The coronavirus pandemic continued to impact SHS three (3) Homesharing Programs, Adult Homesharing (AHS), Collegiate Homesharing (CHS), and Youth Host Homes. While ethe offices remained open, meetings and intakes continued to be conducted via telephone or virtually which greatly lengthened the process. Accomplishments achieved by the Homesharing Programs in 2021 were:The Adult Homesharing (AHS) program completed forty-six (46) home share matches versus seventy (70) in 2020. This was a decrease of thirty-four percent (34.3%). The Youth Host Home (YHH) program housed twenty-two (22) you and young adults experiencing homelessness for the year versus twenty-five (25) in 2020. This was a slight decrease of twelve percent (12%).

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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 (2021)

Revenue Breakdown

Contributions & Grants $206,772
Program Service Revenue $122,200
Investment Income $1,977
Other Revenue $0
TOTAL REVENUE $330,949

Expense Breakdown

Grants Paid $0
Salaries & Benefits $211,569
Fundraising Expenses $0
Program Expenses $194,693
Other Expenses $176,296
TOTAL EXPENSES $387,865

Year-over-Year Comparison

2021 2020 Change
Revenue $330,949 $567,064 -0.4%
Expenses $387,865 $440,266 -0.1%
Net Income $-56,916 $126,798 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
18

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Merrill Executive Director 40.00
$97,857 $0 $97,857
Michael Rocchi Ph D President 0.00
Officer Director
$0 $0 $0
Richard Craig Vice President 0.00
Officer Director
$0 $0 $0
Angela Martin Treasurer 0.00
Officer Director
$0 $0 $0
Sharon Klancke Secretary 0.00
Officer Director
$0 $0 $0
Stephanie Cantoni Director 0.00
Director
$0 $0 $0
Diane Malone Director 0.00
Director
$0 $0 $0
Lynn Pollack Director 0.00
Director
$0 $0 $0
Suzanne Molt Reynolds Director 0.00
Director
$0 $0 $0
Carly Golden Director 0.00
Director
$0 $0 $0
Craig Cowden Director 0.00
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
2021 $330,949 $387,865 No data $-56,916
2020 $567,064 $440,266 $1,295,249 $126,798
2019 $1,360,175 $676,000 $1,178,206 $684,175
2018 $586,848 $553,362 $939,983 $33,486
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