Counterpoint Commons EIN 91-1629821

Counterpoint Commons FY2020 filing

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Provides affordable housing for chronically mentally ill tenants. For fiscal year 2020 it reported $132K in revenue, $131K in expenses, and $362K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Everett, WA
Filings
6 on file (2020–2020)
Revenue
$132KFY2020
Expenses
$131K
Net assets
$362K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  91-1629821 Public charity (501(c)(3)) Everett, WA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides affordable housing for chronically mentally ill tenants.
Leadership
Tom Sebastian · President/CEO, Compass Health
Money in and out
$132K revenue, $131K expenses
Bottom line
66% program efficiency
Where the money goes · FY2020
Total revenue
$132K
Pt VIII · Ln 12
Total expenses
$131K
Pt IX · Ln 25
Net assets
$362K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $990
Where spending went · Part IX cols B–D
Program services $0.66 Management & general $0.34
Program efficiency
66%
of spending reaches programs
Operating runway
1.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+0.8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$132K
FY2020
Expenses
$131K
FY2020
Total assets
$598K
FY2020
Total liabilities
$236K
FY2020
Total revenue
$132K
Pt VIII · Ln 12
Total expenses
$131K
Pt IX · Ln 25
Net assets
$362K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$990
Total assetsPt X · Ln 16$598K
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $87K of program spending, described in the organization's own filed words · FY2019.
01

Counterpoint commons is an eleven-unit facility that provides housing for chronically mentally ill persons.

$87Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCounterpoint Commons
EINHdr · item D91-1629821
Principal addressHdr · item CEverett, WA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21)
Ruling yearIRS BMFApr 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President/CEO, Compass Health
$0Pt VII · Sec A
CFO, Compass Health
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Immediate Past Chair (thru 09/19)
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$103K · 78%
Program service revenue$28K · 22%
Contributions & grants78%$103K
Program service revenue22%$28K
Investment income$306
— government grantsLn 1e$103K
Total revenueLn 12$132K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.34
Program services66%$87K
Management & general34%$44K
Total functional expensesLn 25$131K

Balance Sheet

Part X · end of year
CashLn 1$11K
Total assetsLn 16$598K
Total liabilitiesLn 26$236K
Total net assetsLn 32$362K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11K · Operating expenses/yr $131K
1.0 months
Where the money goes
Program services
Program services $87K · Total expenses $131K
66%
Management & General
Management & general $44K · Total expenses $131K
34%
Fundraising
Fundraising $0 · Total expenses $131K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $103K · Total revenue $132K
78%
Government reliance
Government grants $103K · Total revenue $132K
78%
Earned-income share
Program service revenue $28K · Total revenue $132K
22%
Investment reliance
Investment income $306 · Total revenue $132K
+0.2%
Program self-sufficiency
Program service revenue $28K · Total expenses $131K
22%
Growth & trend
Revenue growth (YoY)
This year $132K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $362K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $132K · Expenses $131K
+0.8%
Liabilities-to-Assets
Total liabilities — · Total assets $598K
Net-asset ratio
Net assets $362K · Total assets $598K
61%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $598K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tom Sebastian · Reported title PRESIDENT/CEO, COMPASS HEALTH · Highest reported compensation $0 · Total expenses $131K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $131K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 66%
Overhead ratio 34%
Fundraising cost ratio 0%
Accounting fee ratio 8%

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.

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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)$125K revenue · ⤓ 990 PDF
FY2024$129K revenue · ⤓ 990 PDF
FY2023$131K revenue · ⤓ 990 PDF
FY2022$130K revenue · ⤓ 990 PDF
FY2021$131K revenue · ⤓ 990 PDF
FY2020$132K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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