Sound Communities

Nonprofit profile at a glance

EIN
844541349
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Bremerton, WA, USA
Phone
3606167111
Rating
93
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$8,000
Expenses
$9,849
Assets
$18,763
Liabilities
$11,580

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Jill Stanton (President)
  • Andrea Reed (Vice President (Until Nov 2024))
  • Anne Conte (Vice President (From Jan 2025))

People named in this filing

  • Jill Stanton (President)
  • Andrea Reed (Vice President (Until Nov 2024))
  • Anne Conte (Vice President (From Jan 2025))

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Corporation's primary purpose will be to support the Bremerton Housing Authority's charitable, educational and scientific programs by soliciting funding to support the capital and maintenance needs of the property owned and managed by the Bremerton Housing Authority, to acquire or develop new low income housing properties exclusively for the benefit of the Bremerton Housing Authority, and for supportive services to residents.

What it reported doing in 2024

The Community Connection team's main focus is to increase agency communication both internally and externally with residents, prospective clients, community partners, funders and the city as a whole. All of which will be integral to the operations and execution of Sound Community's Mission.BHA has completed its re-branding of its Family Self Sufficiency program and hired a newcoordinator in which to run it. Project F.R.E.E. (Family Resiliency & Economic Empowerment) isre-establishing the program infrastructure to better serve our clients on their path to finding anincrease in stability.Once these changes have been fully implemented and new community strategies have beendiscussed, BHA will look at additional grant opportunities to assist with Sound Community'sprojects in the community.

Operating model

Revenue model
Donor-supported. 100% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 100
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.9%; rating input score 100
  • Program expense ratio: 81.1%; rating input score 81

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -23.1%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 1.91; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 0.62; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 35% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 36.4% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 61.3% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 99.9% of revenue deployed · 81.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $8K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 21/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.