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Mar 01, 2024
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Entity | Document Type | Tax ID |
---|---|---|
Coalition for the Homeless & Affiliates | Audited Consolidated Financial Statements | multiple |
Coalition for the Homeless | IRS Form 990 | 13-3072967 |
Entity: Coalition for the Homeless & Affiliates Document Type: Audited Consolidated Financial Statements Tax ID: multiple |
Entity: Coalition for the Homeless Document Type: IRS Form 990 Tax ID: 13-3072967 |
Name | Title | Compensation | |
---|---|---|---|
1 | David Giffen | Executive Director | $326,808 |
2 | Ann Nortz | Deputy Executive Director of Policy | $321,332 |
3 | Tim Campbell | Deputy Executive Director of Programs | $257,461 |
1 Name: David Giffen Title: Executive Director Compensation: $326,808 |
2 Name: Ann Nortz Title: Deputy Executive Director of Policy Compensation: $321,332 |
3 Name: Tim Campbell Title: Deputy Executive Director of Programs Compensation: $257,461 |
CharityWatch's rating of Coalition for the Homeless also includes the financial activities of the affiliated entities consolidated in the Coalition's audited financial statements for the fiscal year ended June 30, 2022. All significant intercompany transactions have been eliminated in the audit consolidation. |
According to the Coalition for the Homeless tax filing for the fiscal year ended June 30, 2022 (IRS Form 990, Schedule M), the Coalition reports receiving contributions of in-kind goods on which it placed a value of $281,181. [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the Coalition for the Homeless and Affiliates (the Agency) consolidated audit of June 30, 2022 (Note 15-E, Commitments and Contingencies, Paycheck Protection Program Loan): "On March 27, 2020, in response to COVID-19, the federal government passed the Coronavirus Aid, Relief, and Economic Security Act ('CARES Act'). Among many other provisions, to help businesses retain employees, the CARES Act provides relief to qualifying businesses through a program called the Paycheck Protection Program ('PPP'). Participating in the PPP enables the business to obtain a loan from the Small Business Administration ('SBA')... The term of the loan is two years and bears interest at a fixed rate of 1% per annum. If the proceeds from the loan are used for specified purposes, some or all of the loan can be forgiven... The Agency applied for this loan and received $1,205,865 in April 2020. ... The Agency met all eligibility requirements for forgiveness of the PPP loan and was notified by the SBA that the entire PPP loan of $1,205,865 and interest was forgiven in August 2021. "The Agency applied for a second PPP loan and received $1,560,585 in March 2021. The Agency recorded the proceeds of the PPP Loan of $1,560,585 as debt and will derecognize the liability when the loan is paid off or forgiven and legally released from the SBA. ... In February 2022, the Agency was notified by the SBA that the entire PPP loan of $1,560,585 and interest was forgiven. Loan forgiveness is included in government support in the accompanying [audited] consolidated statements of activities." According to the Coalition for the Homeless and Affiliates (the Agency) consolidated audit of June 30, 2022 (Note 15-F, Commitments and Contingencies, Employee Retention Credit): "During the year ended June 30, 2022, the Agency also benefitted from credits related to the passage of the CARES Act. Under the CARES Act, the Agency qualified for an Employee Retention Credit ('ERC') for wages paid to employees who were not working because of the COVID-19 crisis. As a result of the CARES Act, the Agency recorded $1,673,455 as revenue from government support." |
According to the Coalition for the Homeless tax filing for the fiscal year ended June 30, 2022, the Coalition reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III): Regarding severance payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, line 4a): "Shawn-Ann Mullen, CFO, received severance payment of $58,956 that is included in column (B)(iii) ['Other reportable compensation']." [The reported total compensation for Shawn-Ann Mullen, CFO, is $223,435 in calendar year 2021 (Schedule J, Part II).] |