Civic Intelligence

Committee on Temporary Shelter Inc

EIN 03-0285606 • 501(c)3 • Burlington, VT

Profile

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.

PO Box 1616Burlington, VT 05402

www.cotsonline.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

23rd percentile

0.03x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

29th percentile

0.09x

Higher debt load relative to revenue than 29% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

23rd percentile

-5.4%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

51st percentile

5.3%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-12%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$14,975,313

Up $750,776 (+5.3%) from 2023

Liabilities

Up

$381,918

Up $102,016 (+36%) from 2023

Net Assets

Up

$14,593,395

Up $648,760 (+4.7%) from 2023

Revenue

Down

$4,369,427

Down $604,124 (-12%) from 2023

Expenses

Up

$4,603,847

Up $334,956 (+7.8%) from 2023

Net Income

Down

-$234,420

Down $939,080 (-133%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $4,652,674Liabilities 2010: $271,111Net Assets 2010: $4,381,5632010Assets 2011: $5,336,868Liabilities 2011: $1,134,937Net Assets 2011: $4,201,9312011Assets 2012: $4,792,388Liabilities 2012: $984,566Net Assets 2012: $3,807,8222012Assets 2013: $5,386,311Liabilities 2013: $987,422Net Assets 2013: $4,398,8892013Assets 2014: $5,409,556Liabilities 2014: $1,231,771Net Assets 2014: $4,177,7852014Assets 2015: $6,985,328Liabilities 2015: $979,756Net Assets 2015: $6,005,5722015Assets 2016: $7,847,992Liabilities 2016: $301,596Net Assets 2016: $7,546,3962016Assets 2017: $8,281,451Liabilities 2017: $299,773Net Assets 2017: $7,981,6782017Assets 2018: $8,351,509Liabilities 2018: $261,674Net Assets 2018: $8,089,8352018Assets 2019: $8,216,119Liabilities 2019: $261,245Net Assets 2019: $7,954,8742019Assets 2020: $10,272,797Liabilities 2020: $701,778Net Assets 2020: $9,571,0192020Assets 2021: $11,814,120Liabilities 2021: $982,847Net Assets 2021: $10,831,2732021Assets 2022: $13,228,459Liabilities 2022: $363,883Net Assets 2022: $12,864,5762022Assets 2023: $14,224,537Liabilities 2023: $279,902Net Assets 2023: $13,944,6352023Assets 2024: $14,975,313Liabilities 2024: $381,918Net Assets 2024: $14,593,3952024

Highlighted filing

2024

Assets$14,975,313
Liabilities$381,918
Net Assets$14,593,395

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,690,9522010Expenses 2011: $3,976,9052011Expenses 2012: $3,698,0212012Revenue 2013: $4,150,833Expenses 2013: $3,468,160Net Income 2013: $682,6732013Revenue 2014: $3,309,366Expenses 2014: $3,580,036Net Income 2014: -$270,6702014Revenue 2015: $5,700,932Expenses 2015: $3,771,860Net Income 2015: $1,929,0722015Revenue 2016: $5,452,237Expenses 2016: $4,025,709Net Income 2016: $1,426,5282016Revenue 2017: $3,451,115Expenses 2017: $3,566,411Net Income 2017: -$115,2962017Revenue 2018: $3,586,117Expenses 2018: $3,540,440Net Income 2018: $45,6772018Revenue 2019: $3,545,704Expenses 2019: $3,741,321Net Income 2019: -$195,6172019Revenue 2020: $4,771,835Expenses 2020: $3,504,812Net Income 2020: $1,267,0232020Revenue 2021: $4,821,535Expenses 2021: $3,936,484Net Income 2021: $885,0512021Revenue 2022: $6,717,253Expenses 2022: $3,792,936Net Income 2022: $2,924,3172022Revenue 2023: $4,973,551Expenses 2023: $4,268,891Net Income 2023: $704,6602023Revenue 2024: $4,369,427Expenses 2024: $4,603,847Net Income 2024: -$234,4202024

Highlighted filing

2024

Revenue$4,369,427
Expenses$4,603,847
Net Income-$234,420

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.0$0.38$14.6$4.37$4.60$0.23
2023Detailed filing. Detailed filing data is available for this year.$14.2$0.28$13.9$4.97$4.27$0.70
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$0.36$12.9$6.72$3.79$2.92
2021Detailed filing. Detailed filing data is available for this year.$11.8$0.98$10.8$4.82$3.94$0.89
2020Detailed filing. Detailed filing data is available for this year.$10.3$0.70$9.57$4.77$3.50$1.27
2019Detailed filing. Detailed filing data is available for this year.$8.22$0.26$7.95$3.55$3.74$0.20
2018Detailed filing. Detailed filing data is available for this year.$8.35$0.26$8.09$3.59$3.54$0.05
2017Detailed filing. Detailed filing data is available for this year.$8.28$0.30$7.98$3.45$3.57$0.12
2016Detailed filing. Detailed filing data is available for this year.$7.85$0.30$7.55$5.45$4.03$1.43
2015Detailed filing. Detailed filing data is available for this year.$6.99$0.98$6.01$5.70$3.77$1.93
2014Detailed filing. Detailed filing data is available for this year.$5.41$1.23$4.18$3.31$3.58$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.39$0.99$4.40$4.15$3.47$0.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.79$0.98$3.81$3.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.34$1.13$4.20$3.98
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.65$0.27$4.38$4.69
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 14, 2025
Return Version
2023v6.0
Gross Receipts
$5,850,704
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,860,679$6,720,598▲ $859,919
Investments Program Related$3,164,302$4,318,611▲ $1,154,309
Land, Buildings, and Equipment, Net$1,896,257$1,855,306▼ $40,951
Other Notes and Loans Receivable, Net$906,000$906,000→ $0
Pledges and Grants Receivable$589,158$463,618▼ $125,540
Savings and Temporary Cash Investments$1,706,889$382,959▼ $1,323,930
Cash and Non-Interest-Bearing Accounts$80,535$304,373▲ $223,838
Prepaid Expenses and Deferred Charges$20,717$23,848▲ $3,131
Total Assets$14,224,537$14,975,313▲ $750,776
Liabilities
Accounts Payable and Accrued Expenses$235,195$333,573▲ $98,378
Deferred Revenue$26,467$24,264▼ $2,203
Other Liabilities$18,240$24,081▲ $5,841
Total Liabilities$279,902$381,918▲ $102,016
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,240,668$13,096,217▲ $1,855,549
Net Assets With Donor Restrictions$2,703,967$1,497,178▼ $1,206,789
Total Net Assets Fund Balance$13,944,635$14,593,395▲ $648,760
Total Liabilities and Net Assets / Fund Balance$14,224,537$14,975,313▲ $750,776

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,543,696$2,621,419$4,165,115
Equipment$152,622$717,368$869,990
Land$139,750-$139,750
Other Land Buildings$19,238$6,412$25,650
Investment Program Related Org$1,975,485--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jonathan FarrellExecutive DiFT$120,200$2,904$123,104

Board Members and Trustees

NameTitle
Kurt ReicheltChair
Lynne JaunichVice Chair
Catherine Z DavisDirector
Jared AnnelloDirector
John MaitlandDirector
Julia ParadisoDirector
Kevin BakerDirector
Maree GaetaniDirector
Michael LipsonDirector
Peg GagneDirector
Sarah SprayregenDirector
Sean CollinsDirector
Tim KaneDirector
Tom StrettonDirector
Carol BoardmanSecretary
Andrew HansonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,532,873
Program Service Revenue
$457,184
Investment Income
$258,817
Other Revenue
$120,553
All Other Contributions
$1,384,493
Change in Net Assets
$-234,420

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,336,392
Revenue Not Reported on Financial Statements
$33,035
Revenue Not Reported on Form 990
$-903,180
Total Revenue per Audited Statements
$3,433,212
Total Revenue per Form 990
$4,369,427
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,870,987
Other Expenses$1,633,539
Total Fundraising Expense$501,886
Grants and Similar Amounts Paid$99,321
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,901,366$126,176$235,655$2,263,197
Occupancy$535,618$7,944$13,035$556,597
Other Employee Benefits$222,516$19,100$32,362$273,978
Depreciation Depletion$158,142$11,992$20,931$191,065
Payroll Taxes$148,783$11,781$18,063$178,627
Fees for Services Accounting-$166,460-$166,460
Current Officers, Directors, Trustees, and Key Employees$95,217$21,317$25,581$142,115
Fees for Services Other$123,856$6,559$11,446$141,861
Advertising$23,563$3,392$96,342$123,297
Information Technology$95,688$7,248$9,386$112,322
Grants to Domestic Individuals$99,321--$99,321
Insurance$45,056$3,415$5,961$54,432
Office Expenses$9,009$1,634$27,046$37,689
Fees for Service Investment Mgmnt Fees-$33,035-$33,035
Other Expenses$61,411$25,500$1,210$25,500
Conferences and Meetings$18,121$1,473$2,413$22,007
Fees for Services Legal$14,960--$14,960
Pension Plan Contributions$11,005$691$1,374$13,070
Travel$2,040$12$1,081$3,133
Interest$41--$41
Total Functional Expenses$3,653,717$448,244$501,886$4,603,847

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,603,847
Expenses per Audited Statements$4,570,812
Total Expenses per Audited Statements$4,570,812
Expenses Not Reported on Financial Statements$33,035
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Phonathon$548,322---
Cots Walk$243,434---
Total Events$867,042---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits Payable$24,081
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

All board members receive a copy of the form 990 and have the opportunity to review it and ask questions before filing.

Form 990, Page 6, Part VI, Line 12C

Annual disclosure statements are required and reviewed. They are discussed with individual trustees if necessary.

Form 990, Page 6, Part VI, Line 15A

The executive committee of the board of directors determines the executive director's compensation annually through performance review and by benchmarking the salary with other organizations.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request. Financial statements are also available on the cots website.

Filing and Contact Details

Filer

Filer Name
Committee on Temporary Shelter Inc
EIN
03-0285606
Phone
8028647402
Address
PO BOX 1616, BURLINGTON, VT 05402

Signing Officer

Name
Jonathan Farrell
Title
Executive Director
Phone
8028647402
Signed
2025-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Farrell
Formed
1983
Legal Domicile
Vt
Voting Board Members
16
Independent Board Members
16
Employees
80
Volunteers
500

Preparer

Firm
Jmm & Associates Pc
Address
463 MOUNTAIN VIEW DR STE 403, COLCHESTER, VT 05446
Preparer
Randall L Sargent CPA
Phone
8026555665
Supplemental Narrative

Additional Explanations

Form 990

In fy20, cots received a 1m gift for its future main street family project, which is planned to be a 16 unit building of affordable apartments for formerly homeless families. Cots resources continue to be committed to its significant investment in seven buildings (five directly owned), most of which are over 100 years old. In addition to regular maintenance, these properties require expensive repairs and updating, including periodic renovations.

Form 990, Page 2, Part III, Line 4A

In the 2024 fiscal year, 36 families, including 64 children, stayed in cots' emergency shelters. Emergency shelter for families: the firehouse family shelter (opened in 1988, fully renovated in 2021) and main street family shelter (opened in 2002) provide safe and decent shelter for 15 families with children. Families can stay for up to six months while they work with cots staff to find affordable housing, employment, child care and health care services. Guests benefit from trauma informed space design and program elements during their stay. The cots children's education advocate works with children and parents in shelter to ensure success in school through school, after-school, and summer camp placement assistance, and the children's mental health adovcate,promotes children's healthy social, emotional and physical development, and strengthen family relationships.

Form 990, Page 2, Part III, Line 4D

Motel outreach: 242 homeless households were offered support services while statying in state-funding emergency motel rooms. Support services: one-on-one support services are offered to all of cots' clients. 60 homeless families, including those staying in emergency shelter or in the community, received support from cots staff. 154 single, homeless adults received outreach and support from cots staff. Transitional and permanent housing: the smith house (opened in 2002)provides individuals moving out of shelter with transitional housing. The smith house has seven single-room occupancy units, plus two permanent apartments, and a full-time residential manager. Canal street veterans housing (opened in 2011) provides 29 units of permanent, affordable housing with priority placement for veterans and their families. The wilson (purchased in 1984) and st. John's hall (purchased in 1991) together provide 44 single-room occupancy (sro) units and four apartments: permanent housing for formerly homeless individuals, as well as low-income senior citizens and veterans.

Form 990, Part XI, Line 9

The amount reported represents an adjustment identified during the prior years audit that was recorded in the accounting records after the form 990 for that year had been filed.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization believes it has appropriate support for any tax positions taken, and, as such, does not have any uncertain tax positions that are material to the financial statements.

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IRS990/ActivityOrMissionDesc0COTS 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.
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IRS990/Form990PartVIISectionAGrp/PersonNm9MICHAEL LIPSON
IRS990/Form990PartVIISectionAGrp/PersonNm10JOHN MAITLAND
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IRS990/Form990PartVIISectionAGrp/PersonNm14SEAN COLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm15MAREE GAETANI
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IRS990/MissionDesc0COTS 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0IN THE 2024 FISCAL YEAR, COTS HELPED 112 HOUSEHOLDS EXPERIENCING FINANCIAL CRISIS AVERT HOMELESSNESS AND STAY IN THEIR HOUSING OR MOVE INTO STABLE HOUSING. THE HOUSING RESOURCE CENTER OFFERS ASSISTANCE TO PREVENT AT-RISK HOUSEHOLDS FROM LOSING THEIR EXISTING HOUSING DUE TO UNFORESEEN CIRCUMSTANCES AND TO ASSIST THOSE WHO ARE WITHOUT PERMANENT SHELTER MOVE INTO STABLE HOUSING. LONGSTANDING RELATIONSHIPS WITH A NETWORK OF LOCAL LANDLORDS HELPS TO FACILITATE SUCCESSFUL CLIENT TRANSITIONS INTO PRIVATE AND PUBLIC HOUSING. THE HRC OFFERS GRANTS WITH RENT AND SECURITY DEPOSITS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0IN THE 2024 FISCAL YEAR, 142 INDIVIDUALS STAYED IN COTS' OVERNIGHT SHELTERS, AND 1603 INDIVIDUALS VISITED THE DAYSTATION. EMERGENCY SHELTER FOR SINGLE ADULTS: THE WAYSTATION (OPENED IN 1982) IS A 36-BED OVERNIGHT SHELTER FOR MEN AND WOMEN, AGE 18 AND OLDER. THE DAYSTATION (OPENED IN 1988) IS A DAYTIME DROP-IN CENTER OFFERING REFUGE FROM THE STREETS, WHERE A NOONTIME MEAL IS SERVED. THESE FACILITIES ARE OPEN 365 DAYS A YEAR.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01035997
IRS990/ProgSrvcAccomActyOtherGrp/Desc0MOTEL OUTREACH: 242 HOMELESS HOUSEHOLDS WERE OFFERED SUPPORT SERVICES WHILE STATYING IN STATE-FUNDING EMERGENCY MOTEL ROOMS. SUPPORT SERVICES: ONE-ON-ONE SUPPORT SERVICES ARE OFFERED TO ALL OF COTS' CLIENTS. 60 HOMELESS FAMILIES, INCLUDING THOSE STAYING IN EMERGENCY SHELTER OR IN THE COMMUNITY, RECEIVED SUPPORT FROM COTS STAFF. 154 SINGLE, HOMELESS ADULTS RECEIVED OUTREACH AND SUPPORT FROM COTS STAFF. TRANSITIONAL AND PERMANENT HOUSING: THE SMITH HOUSE (OPENED IN 2002)PROVIDES INDIVIDUALS MOVING OUT OF SHELTER WITH TRANSITIONAL HOUSING. THE SMITH HOUSE HAS SEVEN SINGLE-ROOM OCCUPANCY UNITS, PLUS TWO PERMANENT APARTMENTS, AND A FULL-TIME RESIDENTIAL MANAGER. CANAL STREET VETERANS HOUSING (OPENED IN 2011) PROVIDES 29 UNITS OF PERMANENT, AFFORDABLE HOUSING WITH PRIORITY PLACEMENT FOR VETERANS AND THEIR FAMILIES. THE WILSON (PURCHASED IN 1984) AND ST. JOHN'S HALL (PURCHASED IN 1991) TOGETHER PROVIDE 44 SINGLE-ROOM OCCUPANCY (SRO) UNITS AND FOUR APARTMENTS: PERMANENT HOUSING FOR FORMERLY HOMELESS INDIVIDUALS, AS WELL AS LOW-INCOME SENIOR CITIZENS AND VETERANS.
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