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Three Hots & a Cot EIN 26-4355458

Three Hots & a Cot FY2021 filing

EIN  26-4355458 Public charity (501(c)(3)) Birmingham, AL Founded 2009
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides housing, meals, and personal care for homeless veterans.
Leadership
Vick Springston · Executive Director · $57K
Money in and out
$495K revenue, $420K expenses
Bottom line
4.9mo operating runway

Provides housing, meals, and personal care for homeless veterans. For fiscal year 2021 it reported $495K in revenue, $420K in expenses, and $679K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$495K
Pt VIII · Ln 12
Total expenses
$420K
Pt IX · Ln 25
Net assets
$679K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $74K
Where spending went · Part IX cols B–D
Program services $1.11 Management & general $0.01 Fundraising $0.01
Operating runway
4.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year
Donor-funded
91%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$495K
FY2021▲ +2%
Expenses
$420K
FY2021▲ +5%
Total assets
$705K
FY2021▲ +44%
Total liabilities
$493K
FY2021▼ -95%
Total revenue
$495K
Pt VIII · Ln 12
Total expenses
$420K
Pt IX · Ln 25
Net assets
$679K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$74K
Total assetsPt X · Ln 16$705K
Program-expense ratioPt IX · col B111%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $467K of program spending, described in the organization's own filed words · FY2021.
01

Payroll and contractor cost for organizationhousing cost and other critical services needed by partcipants in programassistance to veterans in danger of becoming homeless

$467Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThree Hots & a Cot
EINHdr · item D26-4355458
Principal addressHdr · item CBirmingham, AL
WebsiteHdr · item J.www.cotsforvets.org
Year of formationHdr · item L2009
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L41)
Ruling yearIRS BMFMay 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vick Springston
Executive Director
$57,000Pt VII · Sec A
Miles Huffstutler
Board Member
$0Pt VII · Sec A
Ryan Davis
Board Memeber
$0Pt VII · Sec A
Jesse Masters
Board Member
$0Pt VII · Sec A
Senethia Sykes
Board Memeber
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Richard Marsh
President
$0Pt VII · Sec A

Vick Springston’s $60K as Employee is at the 49th percentile of top reported officer pay among 849 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2022FY2021FY2020
Vick Springston$60,000$57,000—
Vick Springston——$60,000
Richard Cislak——$8,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$451K · 91%
Other revenue$44K · 9%
Contributions & grants91%$451K
Other revenue9%$44K
— government grantsLn 1e$32K
Total revenueLn 12$495K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.11 Management & general $0.01 Fundraising $0.01
Program services111%$467K
Management & general1%$6K
Fundraising1%$5K
Total functional expensesLn 25$420K

Balance Sheet

Part X · end of year
CashLn 1$173K
Total assetsLn 16$705K
Total liabilitiesLn 26$493K
Total net assetsLn 32$679K
Months of cash on handcomputed4.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $173K · Operating expenses/yr $420K
4.9 months
Where the money goes
Program services
Program services $467K · Total expenses $478K
not reported
Management & General
Management & general $6K · Total expenses $478K
not reported
Fundraising
Fundraising $5K · Total expenses $478K
not reported
Cost to raise $1
Fundraising expense (2-yr avg) $4K · Solicited contributions (2-yr avg) $410K
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $451K · Total revenue $495K
91%
Government reliance
Government grants $32K · Total revenue $495K
6%
Earned-income share
Program service revenue $0 · Total revenue $495K
0%
Investment reliance
Investment income $0 · Total revenue $495K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $420K
0%
Growth & trend
Revenue growth (YoY)
This year $495K · Prior year $484K
+2%
Net-asset trend (YoY)
End of year $679K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $495K · Expenses $420K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $705K
—
Net-asset ratio
Net assets $679K · Total assets $705K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $705K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Vick Springston · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $57K · Total expenses $420K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $121K · Total expenses $420K
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 111%——
Overhead ratio 1%——
Fundraising cost ratio 1%——
Revenue growth 2%——
Accounting fee ratio 4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Virginia Stockham Ladd Family FoundationFY2025$2K
Total grants receivedfrom 1 funder$2K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$985K revenue · ⤓ 990 PDF
FY2024$658K revenue · ⤓ 990 PDF
FY2023$382K revenue · ⤓ 990 PDF
FY2022$445K revenue · ⤓ 990 PDF
FY2021$495K revenue · viewing · ⤓ 990 PDF
FY2020$484K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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