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Nonprofiteer
← COMMITTEE ON TEMPORARY SHELTER

Form 990 for tax year 2024

Filed by COMMITTEE ON TEMPORARY SHELTER.

Totals

Total revenue
$10,290,536
Total expenses
$5,666,462
Contributions and grants received
$9,607,841
Grants paid
$84,940
Program service revenue
$399,292
Investment income
$234,644
Other revenue
$48,759
Total assets, end of year
$21,153,290
Total liabilities, end of year
$781,403
Net assets or fund balances, end of year
$20,371,887
Program services expenses (Part IX)
$4,790,555
Management and general expenses
$340,208
Fundraising expenses
$535,699
Program service expenses (Part III)
$4,790,555

Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $15,630

  • 1c · Fundraising events

    $935,693

  • 1e · Government grants (contributions)

    $5,052,815

  • 1f · All other contributions, gifts and grants

    $3,603,703

  • 1g · Noncash contributions included above

    $2,143,745

  • 2a · Program service revenue: RENT & PROGRAM INCOME

    total $399,292 · related or exempt $399,292

  • 3 · Investment income

    total $228,577 · excluded $228,577

  • 7a · Gross sales of assets other than inventory

    securities $1,663,676

  • 7b · Less cost or other basis and sales expenses

    securities $1,657,609

  • 7c · Gain or loss

    securities $6,067

  • 7d · Net gain or loss

    total $6,067 · related or exempt $6,067

  • 8a · Fundraising events: contributions included on line 1c

    $935,693

  • 11a · Other revenue: PROJECT DEVELOPMENT FEES

    total $37,500 · related or exempt $37,500

  • 11b · Other revenue: OTHER INCOME

    total $11,259 · related or exempt $11,259

  • 11e · Other revenue, total

    $48,759

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $84,940 · program services $84,940

  • 5 · Compensation of officers, directors and key employees

    total $145,508 · program services $97,490 · management and general $21,826 · fundraising $26,192

  • 7 · Other salaries and wages

    total $2,538,705 · program services $2,219,020 · management and general $71,808 · fundraising $247,877

  • 8 · Pension plan contributions

    total $14,355 · program services $12,739 · management and general $308 · fundraising $1,308

  • 9 · Other employee benefits

    total $333,579 · program services $284,129 · management and general $14,189 · fundraising $35,261

  • 10 · Payroll taxes

    total $198,257 · program services $171,450 · management and general $7,169 · fundraising $19,638

  • 11b · Fees: legal

    total $15,936 · program services $15,936

  • 11c · Fees: accounting

    total $177,496 · program services $1,767 · management and general $143,119 · fundraising $32,610

  • 11f · Fees: investment management

    total $36,417 · management and general $36,417

  • 11g · Fees: other

    total $608,163 · program services $588,977 · management and general $5,341 · fundraising $13,845

  • 12 · Advertising and promotion

    total $86,515 · program services $14,545 · management and general $1,003 · fundraising $70,967

  • 13 · Office expenses

    total $37,245 · program services $15,450 · management and general $1,514 · fundraising $20,281

  • 14 · Information technology

    total $136,315 · program services $119,843 · management and general $5,548 · fundraising $10,924

  • 16 · Occupancy

    total $821,529 · program services $799,511 · management and general $6,098 · fundraising $15,920

  • 17 · Travel

    total $6,909 · program services $6,059 · management and general $1 · fundraising $849

  • 19 · Conferences, conventions and meetings

    total $36,612 · program services $27,671 · management and general $2,952 · fundraising $5,989

  • 20 · Interest

    total $771 · program services $771

  • 22 · Depreciation, depletion and amortization

    total $205,984 · program services $177,013 · management and general $8,065 · fundraising $20,906

  • 23 · Insurance

    total $84,893 · program services $76,576 · management and general $2,315 · fundraising $6,002

  • 24a · Other expenses: CLIENT ACTIVITIES

    total $74,959 · program services $69,165 · management and general $51 · fundraising $5,743

  • 24b · Other expenses: MISCELLANEOUS

    total $11,374 · program services $7,503 · management and general $2,484 · fundraising $1,387

  • 24c · Other expenses: BAD DEBT

    total $10,000 · management and general $10,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $304,373 · end of year $436,156

  • 2 · Savings and temporary cash investments

    beginning of year $382,959 · end of year $1,371,084

  • 3 · Pledges and grants receivable

    beginning of year $463,618 · end of year $842,216

  • 7 · Other notes and loans receivable

    beginning of year $906,000 · end of year $1,731,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,848 · end of year $2,547

  • 10a · Land, buildings and equipment: cost or other basis

    $8,775,870

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,551,183

  • 10c · Land, buildings and equipment, net

    beginning of year $1,855,306 · end of year $5,224,687

  • 11 · Investments: publicly traded securities

    beginning of year $6,720,598 · end of year $6,978,504

  • 13 · Investments: program-related

    beginning of year $4,318,611 · end of year $4,567,096

  • 17 · Accounts payable and accrued expenses

    beginning of year $333,573 · end of year $740,828

  • 19 · Deferred revenue

    beginning of year $24,264 · end of year $19,140

  • 25 · Other liabilities

    beginning of year $24,081 · end of year $21,435

  • 27 · Net assets without donor restrictions

    beginning of year $13,096,217 · end of year $15,563,137

  • 28 · Net assets with donor restrictions

    beginning of year $1,497,178 · end of year $4,808,750

Mission and programs · 2024

Mission

COTS PROVIDES EMERGENCY SHELTER, SERVICES, AND HOUSING FOR PEOPLE WHO ARE HOMELESS OR MARGINALLY HOUSED IN VERMONT. COTS ADVOCATES FOR LONG-TERM SOLUTIONS TO END HOMELESSNESS.

  • INDIVIDUAL SHELTERS - THE WAYSTATION (OPENED IN 1982) IS A 36-BED EMERGENCY SHELTER FOR MEN AND WOMEN, AGES 18 AND OLDER, THAT PROVIDES SAFE AND DECENT SHELTER 365 NIGHTS A YEAR. THE DAYSTATION (OPENED IN 1988) IS A DAYTIME DROP-IN CENTER OFFERING REFUGE FROM THE STREETS EVERY DAY FROM 9AM - 5PM.

    Expenses $1,927,586 · Grants $3,944

  • PREVENTION SERVICES - THE HOUSING RESOURCE CENTER WAS OPENED IN 2008 AND PROVIDES HOUSING RETENTION, PLACEMENT AND COMPREHENSIVE OUTREACH SERVICES TO HOMELESS AND LOW-INCOME PERSONS. HOUSING NAVIGATION SERVICES ARE A COMPONENT OF PREVENTION SERVICES. COTS' HOUSING NAVIGATORS PROVIDE ONE-ON-ONE SERVICES TO FAMILIES AND INDIVIDUALS WITH AN INTENSE FOCUS ON HOUSING PLACEMENT AND CONNECTION TO RESOURCES TO ENHANCE HOUSEHOLD INCOME. THE HOUSING NAVIGATORS ALSO CONNECT CLIENTS TO A BROAD RANGE OF FEDERAL, STATE AND COMMUNITY RESOURCES INCLUDING GOVERNMENT ASSISTANCE, EMPLOYMENT SUPPORT SERVICES, FINANCIAL LITERACY, AND ASSET BUILDING PROGRAMS.

    Expenses $1,326,232 · Grants $70,603

  • FAMILY SHELTERS - THE FIREHOUSE FAMILY SHELTER (OPENED IN 1988) AND MAIN STREET FAMILY SHELTER (OPENED IN 2002) ARE THE ONLY TWO FAMILY SHELTERS IN CHITTENDEN COUNTY. THEY PROVIDE TEMPORARY SHELTER FOR 15 FAMILIES WITH CHILDREN.

    Expenses $967,401

  • TRANSITIONAL HOUSING - THE SMITH HOUSE OPENED IN 2002 TO PROVIDE CHRONICALLY HOMELESS AND HARDEST-TO-HOUSE INDIVIDUALS MOVING OUT OF SHELTERS WITH TRANSITIONAL HOUSING FOR FOUR TO SIX MONTHS. THE SMITH HOUSE HAS SEVEN SINGLE-ROOM OCCUPANCY UNITS AND FULL-TIME SUPPORT PERSONNEL. PERMANENT HOUSING - THE WILSON HOTEL (PURCHASED IN 1984) AND ST. JOHN'S HALL (PURCHASED IN 1991) PROVIDE 40 SINGLE-ROOM OCCUPANCY (SRO) UNITS AND FOUR APARTMENTS - PERMANENT HOUSING FOR FORMERLY HOMELESS AS WELL AS LOW- INCOME SENIOR CITIZENS AND VETERANS. IN THE RENOVATED 95 NORTH AVENUE BUILDING AND AS PART OF A LIMITED PARTNERSHIP OWNERSHIP INTEREST, COTS OWNS 14 UNITS OF PERMANENTLY AFFORDABLE HOUSING. COTS HAS ALSO DEVELOPED HOUSING IN A LIMITED PARTNERSHIP OWNERSHIP AT CANAL STREET IN WINOOSKI (29 UNITS) AND AT MAIN STREET (16 UNITS). MOTEL OUTREACH - DURING THE PANDEMIC, THE STATE OF VERMONT PLACED A SIGNIFICANT NUMBER OF HOMELESS PEOPLE IN MOTELS ACROSS THE STATE. COTS FORMED A TEAM OF OUTREACH WORKERS TO ADDRESS THE ONGOING, DAILY NEEDS OF THIS POPULATION. SERVICES ARE SIMILAR TO THOSE PROVIDED BY COTS HOUSING NAVIGATORS, AND OCCUR ONSITE AT MOTELS PRIMARILY IN CHITTENDEN COUNTY. THIS PROGRAM IS FUNDED BY THE STATE OF VERMONT WITH CARES ACT AND SIMILAR FUNDING. THIS PROGRAM WOUND DOWN IN APRIL 2025 AS THE TEMPORARY FUNDING ENDED.

    Expenses $569,336 · Grants $10,393 · Revenue $399,292

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jonathan Farrell

    EXECUTIVE DI

    Total calculated
    $158,105
    From this org
    $155,005
    From related orgs
    $0
    Other
    $3,100
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,005
    Bonus
    $30,000
    Other
    not reported
    Deferred
    $3,100
    Nontaxable benefits
    not reported
    Filer's total
    $158,105

  • Kurt Reichelt

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Lynne Jaunich

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Hanson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Carol Boardman

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jared Annello

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kevin Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Catherine Z Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Maree Gaetani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peg Gagne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Steve Goldman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tim Kane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Lipson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Julia Paradiso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sarah Sprayregen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tom Stretton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sean Collins Left 032025

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Maitland Left 022025

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CANAL STREET HOUSING LP

    UNRELATED · VET. HSG. · VT · 0.5% owned

  • 95 NORTH AVENUE LIMITED PARTNERSHIP

    UNRELATED · HOUSING · VT · 0.01% owned

  • MAIN STREET FAMILY HOUSING LP

    UNRELATED · HOUSING · VT · 0.01% owned

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • COTS VETERANS HOUSING INC

    C CORP · VET. HSG. · VT · 100% owned · share of income -$10 · share of assets $1,214,270

    Directly controlled by COTS

  • COTS HOUSING INC

    C CORP · HOUSING · VT · 100% owned · share of income -$40 · share of assets $4,387,491

    Directly controlled by COTS

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2026
IRS schema version
2024v5.0
Source object
202622269349301232

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