Three Hots & A Cot
- Assets
- $706.8k
- Revenue
- $445.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Birmingham, AL
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 26-4355458
Organization Overview
Three Hots & A Cot is located in Birmingham, AL. The organization was established in 2009. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Three Hots & A Cot employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Three Hots & A Cot is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Three Hots & A Cot generated $445.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $432.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE INTENT OF THREE HOTS AND A COT TO BECOME A PROVIDER OF SERVICES FOR HOMELESS VETERANS OF THE UNITED STATES ARMED SERVICES. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO; TEMPORARY HOUSING, MEALS, TOILETRIES, PERSONAL CARE FACILITIES,GROUP THERAPY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THREE HOTS AND A COT PROVIDES SERVICES FOR HOMELESS VETERANS OF THE UNITED STATES ARMED SERVICES. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO; TEMPORARY HOUSING; MEALS; TOILETRIES; FACILITIES FOR SHOWERS AND LAUNDRY; MEETING FACILITIES FOR GROUP THERAPY SESSIONS; COUNSELING FOR SOCIAL AND PERSONAL ISSUES; REFERRAL SOURCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vick Springston Employee | 0 | $60,000 | |
Dennis Gibbs Key Employee | Officer | 0 | $0 |
Jesse Masters Board Member | Trustee | 0 | $0 |
Greg Johnson Board Member | Trustee | 0 | $0 |
Tim Vaughn Board Member | Trustee | 0 | $0 |
Senethia Sykes Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,888 |
| Related organizations | $0 |
| Government grants | $233,672 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,030 |
| Noncash contributions included in lines 1a–1f | $29,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $392,590 |
| Total Program Service Revenue | $52,504 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $445,094 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,616 |
| Fees for services: Accounting | $13,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,404 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,134 |
| Advertising and promotion | $0 |
| Office expenses | $5,277 |
| Information technology | $3,396 |
| Royalties | $0 |
| Occupancy | $84,853 |
| Travel | $39,312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,681 |
| Interest | $1,239 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,572 |
| Insurance | $12,959 |
| All other expenses | $61,216 |
| Total functional expenses | $432,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,150 |
| Savings and temporary cash investments | $5,771 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $540,751 |
| Investments—publicly traded securities | $20,112 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $706,784 |
| Accounts payable and accrued expenses | $3,604 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $11,274 |
| Other liabilities | $0 |
| Total liabilities | $14,878 |
| Net assets without donor restrictions | $691,906 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $706,784 |