Carpenter's Shelter Inc
Nonprofit profile at a glance
- EIN
- 541571849
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Alexandria, VA, USA
- Phone
- 7035487500
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Homeless Shelters
Reported finances
- Revenue
- $5,754,980
- Expenses
- $6,092,146
- Assets
- $12,368,915
- Liabilities
- $146,675
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- SHANNON STEENE (EXECUTIVE DIRECTOR)
Highest reported compensation
- SHANNON STEENE (EXECUTIVE DIRECTOR): $187,860 total reported compensation
- MONISE QUIDLEY (DIRECTOR OF DEVELOPMENT): $140,622 total reported compensation
- MARY C CALDWELL (THERAPEUTIC SERVICE DIRECT): $130,895 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Support people experiencing and at risk of homelessness to achieve sustainable independence through shelter and housing placement, guidance, education and advocacy.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 65% for direct work, and 35% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.2%; rating input score 86
- Program expense ratio: 78.5%; rating input score 78
- Fundraising efficiency: $6.61 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.9%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 2.03; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 84; 84th percentile among comparable filings
- Officer compensation ratio: 7.5%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 10.7% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 8.4% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 9.3% per year; rating input score 100; 56th percentile among comparable filings
Details
- Where the money goes: 86.2% of revenue deployed · 78.5% of spending went to programs
- Governance: 17 of 17 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $4.8M in reported program spending
- Leadership: top reported pay $188K · 20 people listed · 4 of 6 pay-setting controls reported
- Consistency: 36 of 36 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 24/100.
- High — Sustainability: Operating margin scored 19/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.