Shared Housing Services

Nonprofit profile at a glance

EIN
911557248
IRS 990 coverage
2010–2021
Forms available
Form 990 2021
Location
Tacoma, WA, USA
Phone
2532721532
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Support

Official website

Reported finances

Revenue
$330,949
Expenses
$387,865
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • Mark Merrill (Executive Director)
  • Michael Rocchi Ph D (President)
  • Richard Craig (Vice President)

Highest reported compensation

  • Mark Merrill (Executive Director): $97,857 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2021

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%).

Operating model

Revenue model
Donor-supported. 62% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 49
  • Transparency & Controls: 84
  • Accountability: 95
  • Sustainability: 8
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.1%; rating input score 59
  • Program expense ratio: 50.2%; rating input score 50
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 25th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • 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: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -17.2%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 25.2%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: -5.6% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: 6.1% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: -2.2% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: 59.1% of revenue deployed · 50.2% of spending went to programs
  • Governance: 11 of 11 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $195K in reported program spending
  • Leadership: top reported pay $98K · 11 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 12 filing years from 2010 to 2021
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • Review — Financial Efficiency: Program expense ratio scored 50/100.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.