Sound Landing
- Assets
- $105.9k
- Revenue
- $119.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Duluth, GA
- Founding
- 10/2010
- Data as of
- 12/2022
- EIN
- 27-3199928
Organization Overview
Sound Landing is located in Duluth, GA. The organization was established in 2010. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sound Landing 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, Sound Landing generated $119.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $191.4k 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 8 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
TO END THE CYCLE OF HOMELESSNESS BY ASSISTING CLIENTS IN OBTAINING APPROPRIATE SERVICES, EMPLOYMENT, AND HOUSING LOWER THE RATE OF RECIDIVISM AMONG OUR CLIENTS INCREASE CLIENT OPPORTUNITY FOR SELF-SUFFICIENCY AND HOUSING STABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE SUCCESSFULLY HOUSED 109 CLIENTS THRUGH OUR STREET-TO-HOME (STH) PROGRAM. UPON TRANSITIONING OUT OF THE STH PROGRM, 47% OF THE CLIENTS MOVED ON TO PERMANENT HOUSING. 15% OF THOSE PERMANENTLY HOUSED CLIENTS WERE ELIGIBLE FOR ASSISTANCE THROUGH AFFORDABLE/SUBSIDIZED HOUSING PROGRAMS. SOME CLIENTS EXPERIENCED THE JOY OF RE-UNIFICATION WITH FAMILIES. CLIENTS HAD THE OPPORTUNITY TO PARTICIPATE IN FINANCIAL COACHING WORKSHOPS, WHICH INCLUDED INCENTIVE BASED OBJECTIVES I.E CLIENTS WERE ELIGIBLE TO PARTICIPATE IN A MATCHING PROGRAMS ONCE A SAVINGS ACCOUNT WAS ESTABLISHED AND A SPECIFIC BALANCE IN SAVINGS WAS ACHIEVED. 80% OF PARTICIPANTS RECEIVED CERTIFICATES OF COMPLETION. EIGHTY FAMILIES RECEIVED FINANCIAL ASSISTANCE, THROUGH THE MOTEL-TO-HOME INITIATIVE, TO MOVE INTO PERMANENT HOUSING. OTHER SUPPORTIVE SERVICES THROUGH THIS INITIATIVE WERE ALSO PROVIDED TO ASSIST THESE FAMILIES IN THEIR TRANSITION TO PERMANENT HOUSING.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $119,186 |
| 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 | $119,186 |
| 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. | $36,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,210 |
| Fees for services: Accounting | $1,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,528 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,814 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,295 |
| Total functional expenses | $191,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,922 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $105,922 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $142,393 |
| Total liabilities | $142,393 |
| Net assets without donor restrictions | -$36,471 |
| 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 | $105,922 |