Cocoon House
- Assets
- $18.8m
- Revenue
- $8.9m
- Investments
- $1.2m
- Employees
- 141
- Location
- Everett, WA
- Founding
- 10/1994
- Data as of
- 06/2021
- EIN
- 91-1497667
Organization Overview
Cocoon House is located in Everett, WA. The organization was established in 1994. 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 06/2021, Cocoon House employed 141 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cocoon House 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 06/2021, Cocoon House generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $8.0m during the year ending 06/2021. While expenses have increased by 12.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
EMPOWER YOUNG PEOPLE, FAMILES, AND THE COMMUNITY TO BREAK THE CYCLE OF HOMELESSNESS THROUGH OUTREACH, HOUSING, AND PREVENTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O FOR HOUSING SERVICES
SEE SCHEDULE O FOR STREET OUTREACH
SEE SCHEDULE O FOR PREVENTION SERVICES FOR PARENTS AND TEENS
COVID-19 ASSISTANCE: COCOON HOUSE SERVES AS THE AGENCY OF RECORD IN SNOHOMISH COUNTY TO DISTRIBUTE EMERGENCY RENTAL ASSISTANCE PROGRAM AND TREASURY RENTAL ASSISTANCE PROGRAM FUNDS TO ELIGIBLE YOUNG ADULTS UNDER THE AGE OF 25. COCOON HOUSE UTILIZED A TEAM OF TRAINED STAFF TO IDENTIFY MEMBERS OF THE COMMUNITY WHO QUALIFY FOR RENT SUPPORT AND EVICTION PREVENTION SERVICES. APPLICANTS ARE SCREENED FOR ELIGIBILITY AND ARE AWARDED BASED ON AVAILABILITY OF FUNDS AND INDIVIDUAL QUALIFIERS. SERVICES OFFERED THROUGH THE COVID-19 FUNDING MAY OR MAY NOT RESULT IN ADDITIONAL SERVICE ENGAGEMENT WITH THE AGENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Alonzo Chief Executive Officer | Officer | 40 | $122,464 |
Chris Willis Chief Financial Officer | Officer | 40 | $69,376 |
Leanne Harrington Board Chair | OfficerTrustee | 1 | $0 |
Lyle Ryan Governance Chair | OfficerTrustee | 1 | $0 |
Dr Michael Lee Vice Chair | OfficerTrustee | 1 | $0 |
Sharleen Bonnville Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $327,143 |
| Related organizations | $0 |
| Government grants | $6,736,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,560,404 |
| Noncash contributions included in lines 1a–1f | $110,301 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,624,044 |
| Total Program Service Revenue | $85,023 |
| Investment income | $25,285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,720 |
| Net Income from Fundraising Events | -$20,186 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,933,167 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,909,259 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $213,805 |
| Compensation of current officers, directors, key employees. | $127,087 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,854,610 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $448,320 |
| Payroll taxes | $302,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $28,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,729 |
| Advertising and promotion | $14,612 |
| Office expenses | $281,047 |
| Information technology | $28,930 |
| Royalties | $0 |
| Occupancy | $319,300 |
| Travel | $18,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,571 |
| Interest | $7,419 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $429,991 |
| Insurance | $89,604 |
| All other expenses | $9,360 |
| Total functional expenses | $8,019,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,800 |
| Savings and temporary cash investments | $1,428,222 |
| Pledges and grants receivable | $979,419 |
| Accounts receivable, net | $234,357 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $50,862 |
| Prepaid expenses and deferred charges | $66,805 |
| Net Land, buildings, and equipment | $14,892,695 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,151,106 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,839,266 |
| Accounts payable and accrued expenses | $462,726 |
| 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 | $9,848,080 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,181 |
| Total liabilities | $10,345,987 |
| Net assets without donor restrictions | $7,953,121 |
| Net assets with donor restrictions | $540,158 |
| 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 | $18,839,266 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Cocoon House has recieved totaling $412,101.
| Awarding Organization | Amount |
|---|---|
Whitehorse Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT | $100,000 |
Leland J And Dorothy H Olson Charitable Fountation Omaha, NE PURPOSE: HOMELESS YOUTH HOUSING PROGRAM | $75,000 |
Evertrust Foundation Everett, WA PURPOSE: TEEN AND YOUND ADUTL TRANSISTIONS PROGRAM AND STAFF RETENTION | $40,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $29,513 |
Puget Sound Energy Foundation Wilmington, DE PURPOSE: GENERAL SUPPORT - PSE FOUNDATION SHELTER AND UNHOUSED PROGRAM | $25,000 |
Liberty Mutual Foundation Inc Boston, MA PURPOSE: OPERATING SUPPORT | $23,000 |
Endowment Analysis
| Beg. Balance | $89,951 |
| Earnings | $18,219 |
| Ending Balance | $108,170 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Council For The Homeless Vancouver, WA | $10,767,286 | $19,573,304 |
Compass Housing Alliance Seattle, WA | $40,607,730 | $15,256,609 |
The Rescue Mission Tacoma, WA | $23,211,673 | $9,549,173 |
Beans Cafe Inc Anchorage, AK | $14,516,255 | $14,067,574 |
Cocoon House Everett, WA | $18,839,266 | $8,933,167 |
Serenity House Of Clallam County Port Angeles, WA | $6,060,281 | $7,464,743 |
Brother Francis Shelter Kodiak Inc Kodiak, AK | $2,060,714 | $7,413,784 |
Eugene Mission Eugene, OR | $11,387,865 | $8,152,010 |
Congregations For The Homeless Bellevue, WA | $12,080,853 | $9,074,127 |
Sunrise Outreach Center Of Yakima Yakima, WA | $387,621 | $4,585,403 |
All Good Northwest Portland, OR | $1,603,235 | $5,671,692 |
Blanchet House Of Hospitality Portland, OR | $23,778,168 | $6,789,073 |