Mat-Su Valley Interfaith Hospitality Network
- Assets
- $240.6k
- Revenue
- $236.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Wasilla, AK
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 68-0510566
Organization Overview
Mat-Su Valley Interfaith Hospitality Network, operating under the name Family Promise Mat-Su, is located in Wasilla, AK. The organization was established in 2002. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Family Promise Mat-Su employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Promise Mat-Su 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 12/2021, Family Promise Mat-Su generated $236.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $337.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FAMIY PROMISE MAT-SU MOBILIZES COMMUNITY RESOURCES AND LOCAL CONGREGATIONS TO PROVIDE SHELTER, MEALS, AND CASE MANAGEMENT TO FAMILIES WITHOUT HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY PROMISE MAT-SU PROVIDED TEMPORARY HOUSING (1,194 SHELTER NIGHTS), MEALS, TRANSPORTATION AND CASE MANAGEMENT FOR 74 INDIVIDUALS IN 28 FAMILIES. ALSO, WITH THE HAP PROGRAM, FAMILY PROMISE WAS ABLE TO PREVENT HOMELESSNESS FOR 107 FAMILIES AS WELL AS SHELTER GUESTS.
WITH THE BASIC HOMELESS ASSISTANCE PROGRAM (BHAP) GRANT, FAMILY PROMISE HELPED PREVENT HOMELESSNESS FOR 57 FAMILIES, AND PLACED 37 INDIVIDUALS INTO HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Bear Executive Di | Officer | 40 | $52,000 |
John Weaver Chair | OfficerTrustee | 1 | $0 |
Mike Swanson Treasurer | OfficerTrustee | 1 | $0 |
Kathleen Yerbich Secretary | OfficerTrustee | 1 | $0 |
Israel Nelson Vice Chair | OfficerTrustee | 1 | $0 |
Yolanda Thomas Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,484 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,488 |
| Noncash contributions included in lines 1a–1f | $2,995 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,972 |
| Total Program Service Revenue | $0 |
| Investment income | $25 |
| 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 | $235,997 |
| 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. | $52,000 |
| Compensation of current officers, directors, key employees. | $2,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,450 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,348 |
| Payroll taxes | $13,935 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,448 |
| Advertising and promotion | $5,321 |
| Office expenses | $13,719 |
| Information technology | $5,297 |
| Royalties | $0 |
| Occupancy | $32,619 |
| Travel | $176 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,634 |
| Interest | $0 |
| Payments to affiliates | $2,368 |
| Depreciation, depletion, and amortization | $4,288 |
| Insurance | $13,498 |
| All other expenses | $0 |
| Total functional expenses | $337,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,271 |
| Savings and temporary cash investments | $27,605 |
| 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 | $157,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $240,579 |
| Accounts payable and accrued expenses | $1,548 |
| 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 | $0 |
| Total liabilities | $1,548 |
| Net assets without donor restrictions | $239,031 |
| 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 | $240,579 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Mat-Su Valley Interfaith Hospitality Network has recieved totaling $64,342.
| Awarding Organization | Amount |
|---|---|
Valley Charities Inc Wasilla, AK PURPOSE: HOMELESS ASSISTANCE | $53,309 |
Ludlow Foundation Leavenworth, WA PURPOSE: TO SUPPORT COMMUNITY RESPONSE TO FAMILIES WITHOUT HOUSING | $6,012 |
Richard L & Diane M Block Foundation Tr Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marys Place Seattle Seattle, WA | $63,713,105 | $33,158,940 |
Everett Gospel Mission Everett, WA | $5,858,080 | $7,694,263 |
The Sophia Way Bellevue, WA | $3,499,952 | $4,350,779 |
New Horizons Ministries Seattle, WA | $4,620,624 | $4,054,828 |
Lake City Partners Ending Homelessness Seattle, WA | $586,453 | $2,145,347 |
Bread Of Life Mission Seattle, WA | $3,239,496 | $2,488,618 |
Anchorage Coalition To End Homelessness Anchorage, AK | $1,404,215 | $2,107,140 |
Fusion-Friends United To Shelter The Indigent Oppressed And Needy Federal Way, WA | $9,970,775 | $1,790,921 |
Network Services Tacoma, WA | $2,236,689 | $633,353 |
Community Lifeline Shelton, WA | $538,413 | $685,770 |
Vashon Interfaith Council To Prevent Homelessness Vashon, WA | $171,746 | $256,882 |
Mat-Su Valley Interfaith Hospitality Network Wasilla, AK | $240,579 | $235,997 |