Cascade Shelter Project

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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

1974

Legal Domicile

Principal Officer

Matria O'Hora

Phone

2062720704

Tax Period

2020-01-01 to 2020-12-31

Cascade Shelter Project, founded in 1974, is a small nonprofit that reported $384K in total revenue in fiscal year 2020. Revenue surged 362% from the prior year, signaling strong growth momentum. The organization ran a surplus of $295K, a strong 77% operating margin.

Mission

FOUNDED BY LOW-INCOME TENANTS AND NEIGHBORS IN 1976, THE CASCADE SHELTER PROJECT IS A MEMBER LED COOPERATIVE DEDICATED TO SUSTAINING TRULY AFFORDABLE HOUSING IN THE HEART OF SEATTLE. TENANT-MEMBERS COLLECTIVELY STEWARD THREE, ADJOINED HISTORIC BUILDINGS WITH TWELVE INDIVIDUAL APARTMENTS RANGING IN SIZE. WE PROVIDE HOUSING, CULTIVATE COMMUNITY, AND MAINTAIN THE FINANCIAL AND PHYSICAL INTEGRITY OF THE PROPERTY, PRIORITIZING DISENFRANCHISED COMMUNITIES. IN THE CONTEXT OF A REGIONAL HOUSING CRISIS, WE OFFER A MODEL OF TENANT-LED AND MANAGED AFFORDABLE HOUSING THAT IS AUTONOMOUS, INCLUSIVIE, EMPOWERED, AND SUSTAINABLE.

Program Service Accomplishments

Program 1

Expenses: $88,304 Revenue: $68,590

With the Displaced Tenants Fund grant of $350000 and qualifying for the City of Seattle HomeWise Weatherization Program in 2020, we were able to begin our upgrade of foundation and new tool room...

With the Displaced Tenants Fund grant of $350000 and qualifying for the City of Seattle HomeWise Weatherization Program in 2020, we were able to begin our upgrade of foundation and new tool room floor remodel, tankless water heaters, sidewalks rebuilt, gaslines upgraded. With each project, members did Project Management and volunteered our labor to do work which lowered the price of our contracts. We also revised many of our organizational documents.

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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 (2020)

Revenue Breakdown

Contributions & Grants $315,500

Program Service Revenue $68,590

Investment Income $103

Other Revenue $0

TOTAL REVENUE $384,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,304

Other Expenses $88,876

TOTAL EXPENSES $88,876

Year-over-Year Comparison

	2020	2019	Change
Revenue	$384,193	$83,103	+3.6%
Expenses	$88,876	$92,611	0.0%
Net Income	$295,317	$-9,508	-32.1%

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

N/A

Volunteers

N/A

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

$1,724

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jodi Jaecks	President	8.00	Officer	$1,724	$0	$1,724
Ruth Hamada	Trustee	0.00	Director	$0	$0	$0
C Matria O'Hora	Trustee	0.00	Director	$0	$0	$0
Sherril Reddick	Trustee	0.00	Director	$0	$0	$0
Jackie Lopez	Trustee	0.00	Director	$0	$0	$0
Julio LaFleur	Trustee	0.00	Director	$0	$0	$0
Shakira Cruz	Trustee	0.00	Director	$0	$0	$0
Alex Guy	Secretary	8.00	Officer	$0	$0	$0
Christina Antonakos-Wallace	Treasurer	8.00	Officer	$0	$0	$0
Jen Etsitty	Vice President	8.00	Officer	$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
2020	$384,193	$88,876	$400,896	$295,317