Real Change Homeless Empowerment Project
- Assets
- $343.3k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 38
- Location
- Seattle, WA
- Founding
- 10/1997
- Data as of
- 03/2023
- EIN
- 91-1817387
Organization Overview
Real Change Homeless Empowerment Project is located in Seattle, WA. The organization was established in 1997. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 03/2024, Real Change Homeless Empowerment Project employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Real Change Homeless Empowerment Project 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 03/2023, Real Change Homeless Empowerment Project generated $1.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.6m during the year ending 03/2023. While expenses have increased by 6.0% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE OPPORTUNITY AND A VOICE FOR LOW INCOME AND HOMELESS PEOPLE WHILE TAKING ACTION FOR ECONOMIC, SOCIAL & RACIAL JUSTICE
Describe the Organization's Program Activity:
EDITORIAL: REAL CHANGE PUBLISHES AN AWARD-WINNING, INDEPENDENT NEWSPAPER, WITH A PAID CIRCULATION OF APPROXIMATELY 241,000 PAPERS ANNUALLY. ON AVERAGE, THE NEWSPAPER IS PRODUCED BY FOUR JOURNALISTS AND FIFTEEN VOLUNTEERS. THE PAPER IS INFORMED BY THE ADVICE OF HOMELESS AND FORMERLY HOMELESS PEOPLE WHO REVIEW THE PAPER'S CONTENT.
VENDOR SERVICES: WE RUN A COMPREHENSIVE VENDOR SERVICES PROGRAM THAT PROVIDES A LOW BARRIER EMPLOYMENT OPPORTUNITY TO HOMELESS AND LOW INCOME PEOPLE EVERY YEAR. OUR VENDORS BUY PAPERS FROM REAL CHANGE FOR $0.60 EACH AND SELL THEM ON THE STREET FOR $2.00. IN 2022-2023, VENDORS SOLD APPROXIMATELY 241,000 PAPERS, COLLECTIVELY EARNING OVER $880,000. REAL CHANGE PROVIDES A LOW THRESHOLD SELF-EMPLOYMENT OPPORTUNITY FOR THOSE WHO, IN MOST CASES, WOULD FACE SERIOUS CHALLENGES FINDING OR MAINTAINING REGULAR EMPLOYMENT.
ADVOCACY AND ORGANIZING: REAL CHANGE LEVERAGES THE RELATIONSHIPS THAT EXIST BETWEEN OUR VENDORS AND READERS TO BUILD A CROSS CLASS MOVEMENT FOR ECONOMIC AND RACIAL JUSTICE. WE CONTINUE TO ADVOCATE FOR PROGRESSIVE REVENUE SOURCES TO ADDRESS THE SHORTAGE OF AFFORDABLE HOUSING AND WRAP AROUND SERVICES FOR THOSE EXPERIENCING HOMELESSNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Camilla Walter Executive Director | Officer | 40 | $95,231 |
Yolanda Altamirano President | OfficerTrustee | 4.5 | $0 |
Matthew Echohawk-Hayashi Vice President | OfficerTrustee | 2 | $0 |
Hannah Hunthausen Secretary | OfficerTrustee | 1.5 | $0 |
Breanne Schuster Treasurer | OfficerTrustee | 3.5 | $0 |
Shelly Cohen Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88,486 |
| Related organizations | $0 |
| Government grants | $106,725 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,160,746 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,355,957 |
| Total Program Service Revenue | $187,864 |
| Investment income | $624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,190 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,006 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,541,249 |
| 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. | $106,288 |
| Compensation of current officers, directors, key employees. | $37,201 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $776,362 |
| Pension plan accruals and contributions | $23,056 |
| Other employee benefits | $57,657 |
| Payroll taxes | $82,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,059 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,473 |
| Advertising and promotion | $62,618 |
| Office expenses | $138,955 |
| Information technology | $16,009 |
| Royalties | $0 |
| Occupancy | $107,085 |
| Travel | $3,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,211 |
| Interest | $83 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,462 |
| All other expenses | $3,559 |
| Total functional expenses | $1,630,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,056 |
| Savings and temporary cash investments | $203,466 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,305 |
| 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 | $17,507 |
| 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 | $343,334 |
| Accounts payable and accrued expenses | $70,777 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,242 |
| 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 | $87,019 |
| Net assets without donor restrictions | $256,315 |
| 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 | $343,334 |