Civic Intelligence

God Is Faithful Temporary Shelter Inc

EIN 26-1452370 • 501(c)3 • Janesville, WI

Profile

The mission of gifts is to show christ's love to homeless men in rock county by advancing renewal and hope through a unified christian effort.

1025 N Washington StJanesville, WI 53548

www.gifts-shelter.org

Siviq Scores

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

Liabilities / Assets

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.13x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

18th percentile

-14%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$86,517

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

16th percentile

-10%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

18%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,961,416

Down $219,139 (-10%) from 2023

Liabilities

Down

$131,974

Down $87,664 (-40%) from 2023

Net Assets

Down

$1,829,442

Down $131,475 (-6.7%) from 2023

Revenue

Up

$990,200

Up $148,410 (+18%) from 2023

Expenses

Up

$1,131,719

Up $253,757 (+29%) from 2023

Net Income

Down

-$141,519

Down $105,347 (-291%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2015: $137,551Liabilities 2015: $0Net Assets 2015: $137,5512015Assets 2016: $113,902Liabilities 2016: $9,055Net Assets 2016: $104,8472016Assets 2017: $697,481Liabilities 2017: $492,533Net Assets 2017: $204,9482017Assets 2018: $1,414,230Liabilities 2018: $498,140Net Assets 2018: $916,0902018Assets 2019: $1,488,533Liabilities 2019: $15,664Net Assets 2019: $1,472,8692019Assets 2020: $1,747,609Liabilities 2020: $19,647Net Assets 2020: $1,727,9622020Assets 2021: $1,890,290Liabilities 2021: $63,708Net Assets 2021: $1,826,5822021Assets 2022: $2,070,879Liabilities 2022: $78,680Net Assets 2022: $1,992,1992022Assets 2023: $2,180,555Liabilities 2023: $219,638Net Assets 2023: $1,960,9172023Assets 2024: $1,961,416Liabilities 2024: $131,974Net Assets 2024: $1,829,4422024

Highlighted filing

2024

Assets$1,961,416
Liabilities$131,974
Net Assets$1,829,442

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $193,306Expenses 2015: $101,847Net Income 2015: $91,4592015Revenue 2016: $182,019Expenses 2016: $212,915Net Income 2016: -$30,8962016Revenue 2017: $448,843Expenses 2017: $350,500Net Income 2017: $98,3432017Revenue 2018: $1,241,508Expenses 2018: $531,491Net Income 2018: $710,0172018Revenue 2019: $1,056,341Expenses 2019: $499,684Net Income 2019: $556,6572019Revenue 2020: $820,781Expenses 2020: $563,315Net Income 2020: $257,4662020Revenue 2021: $743,429Expenses 2021: $647,566Net Income 2021: $95,8632021Revenue 2022: $994,565Expenses 2022: $824,005Net Income 2022: $170,5602022Revenue 2023: $841,790Expenses 2023: $877,962Net Income 2023: -$36,1722023Revenue 2024: $990,200Expenses 2024: $1,131,719Net Income 2024: -$141,5192024

Highlighted filing

2024

Revenue$990,200
Expenses$1,131,719
Net Income-$141,519

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Jun 16, 2025
Return Version
2023v6.0
Gross Receipts
$1,387,845
Mission and Program Overview

Mission

The mission of gifts is to show christ's love to homeless men in rock county by advancing renewal and hope through a unified christian effort.

Provide temporary shelter to homeless individuals; provide food to individuals in need; provide spiritual opportunities for guests and volunteers; foster cooperation among various religious faiths in meeting the above objectives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,243,324$1,305,629▲ $62,305
Savings and Temporary Cash Investments$506,914$369,687▼ $137,227
Inventories for Sale or Use$87,233$84,041▼ $3,192
Cash and Non-Interest-Bearing Accounts$102,870$50,729▼ $52,141
Prepaid Expenses and Deferred Charges$12,588$13,039▲ $451
Investments in Publicly Traded Securities$4,388$5,407▲ $1,019
Pledges and Grants Receivable$0$1,919▲ $1,919
Total Assets$2,180,555$1,961,416▼ $219,139
Other Assets Total$223,238$130,965▼ $92,273
Liabilities
Other Liabilities$180,274$83,065▼ $97,209
Accounts Payable and Accrued Expenses$39,364$43,699▲ $4,335
Deferred Revenue$0$5,210▲ $5,210
Total Liabilities$219,638$131,974▼ $87,664
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,871,992$1,802,828▼ $69,164
Net Assets With Donor Restrictions$88,925$26,614▼ $62,311
Total Net Assets Fund Balance$1,960,917$1,829,442▼ $131,475
Total Liabilities and Net Assets / Fund Balance$2,180,555$1,961,416▼ $219,139

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,198,455$245,230$1,443,685
Equipment$37,337$68,064$105,401
Land$69,837-$69,837
Other Assets Org$83,065--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$42,964-▲ $5,477-$47,900
2022$40,458-▲ $2,945-$42,964
2021$12,994$31,557▼ $3,740-$40,458
2020$10,671-▲ $2,571-$12,994
2019$10,122-▲ $784-$10,671
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maryann RaashExecutive DirectorFT$83,997$2,520$86,517

Board Members and Trustees

NameTitle
Sarah HawthorneChair
Michael SchoederVice-chair
Harold LutherDirector
Kelsey PaaschDirector
Rachel DunnDirector
Randy BoothDirector
Scott FratianneDirector
Steve CayaDirector
Steve KerchoffDirector
Terry MorehouseDirector
Tom NelsonDirector
Leanne GraySecretary
Marna BonnellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$947,392
Program Service Revenue
$0
Investment Income
$17,889
Other Revenue
$24,919
All Other Contributions
$912,890
Change in Net Assets
$-141,519

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$392,432Thrift Shop Value
Food Inventory19,080$114,480Meal Per Diem Value
Total Noncash Contributions19,080$506,912-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,368,017
Revenue Not Reported on Financial Statements
$-377,817
Revenue Not Reported on Form 990
$-22,663
Other Revenue Adjustments
$-377,817
Total Revenue per Audited Statements
$1,345,354
Total Revenue per Form 990
$990,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$541,712
Other Expenses$439,621
Grants and Similar Amounts Paid$150,386
Total Fundraising Expense$120,026
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$357,691$15,347$28,439$401,477
Occupancy$193,155$6,250$3,125$202,530
Grants to Domestic Individuals$150,386--$150,386
Office Expenses$27,102$3,051$59,757$89,910
Current Officers, Directors, Trustees, and Key Employees$62,061$8,866$17,732$88,659
Depreciation Depletion$45,820$4,490$2,245$52,555
Payroll Taxes$33,667$1,942$3,703$39,312
Other Expenses$17,536$10,161$2,216$29,913
Fees for Services Other$4,246$17,729-$21,975
Fees for Services Accounting-$14,400-$14,400
Advertising$6,696$1,883$471$9,050
Insurance$6,820$683$342$7,845
Other Employee Benefits$6,538$377$719$7,634
Conferences and Meetings$6,325$365$696$7,386
Pension Plan Contributions$3,965$229$436$4,630
Travel$2,359$130$67$2,556
All Other Expenses$679$39$78$796
Fees for Service Investment Mgmnt Fees-$705-$705
Total Functional Expenses$925,046$86,647$120,026$1,131,719

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,476,829
Total Expenses per Form 990$1,131,719
Expenses per Audited Statements$1,072,132
Expenses Not Reported on Form 990$404,697
Expenses Not Reported on Financial Statements$59,587
Other Expense Adjustments$58,882
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$44,511
Fundraising Direct Expenses$19,828
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Banquet$66,218$40,716$6,323$34,393
Golf Outing$12,795$3,795$89$3,706
Total Events$79,013$44,511$19,828$24,683
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$83,065
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Part VI, Section A, Line 8B

The organization does not have any committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The prepared form 990 is reviewed by the treasurer before the return is filed with the irs.

Form 990, Part VI, Section B, Line 12C

The purpose of the conflict of interest policy is to protect the organization's interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of gifts or might result in a possible excess benefit transaction. Any director, principal officer, or member of a committee with governing body delegated powers, who has a direct or indirect financial interest is an interested person. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing body delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing body or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining members shall decide if a conflict of interest exists. An interested person may make a presentation at the governing body or committee meeting, but after the presentation, he/she must leave the meeting during the discussion of, and vote on, the transaction or arrangement involving the possible conflict of interest. After exercising due diligence, the governing body or committee shall determine whether gifts can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing body or committee shall determine by majority vote of the disinterested directors whether the transaction or arrangement is in gifts' best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. If the governing body or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing body or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. The minutes of the governing body and all committees with governing body delegated powers shall contain the names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceedings.

Form 990, Part VI, Section B, Line 15A

The executive committee conducts a review of the executive director's performance each year. After reviewing comparable compensation data, a recommendation is made to the governing body. The governing body approves the executive director's compensation during the annual budget meeting.

Form 990, Part VI, Section C, Line 19

The organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
God Is Faithful Temporary Shelter Inc
EIN
26-1452370
Phone
6087284941
Address
1025 N WASHINGTON ST, JANESVILLE, WI 53548

Signing Officer

Name
Marna Bonnell
Title
Treasurer
Phone
6087284941
Signed
2025-06-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Schoeder
Formed
2008
Legal Domicile
Wi
Voting Board Members
13
Independent Board Members
13
Employees
30
Volunteers
560

Preparer

Firm
Wegner Cpas Llp
Address
101 E MILWAUKEE STREET, JANESVILLE, WI 53545
Preparer
Mike Hablewitz CPA
Phone
6087564020
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of beneficial assets held in community foundation of southern wisconsin 4,936.

Financial Statement Notes

PART V, LINE 4:

Gifts' board of directors has designated net assets without donor restrictions as a general endowment fund to support the mission of gifts.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of beneficial assets held in community foundation of southern wisconsin 4,936. Fundraising expenses reclassified to part ix -58,882. Investment management fees reported on form 990, part ix, line 11f -705.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold reported on form 990, part viii, line 10b -377,817.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold reported on form 990, part viii, line 10b 377,817.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expenses reclassified to part ix 58,882.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0PROVIDE TEMPORARY SHELTER TO HOMELESS INDIVIDUALS; PROVIDE FOOD TO INDIVIDUALS IN NEED; PROVIDE SPIRITUAL OPPORTUNITIES FOR GUESTS AND VOLUNTEERS; FOSTER COOPERATION AMONG VARIOUS RELIGIOUS FAITHS IN MEETING THE ABOVE OBJECTIVES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
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IRS990/FormationYr02008
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IRS990/FSAuditedInd01
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IRS990/MissionDesc0THE MISSION OF GOD IS FAITHFUL TEMPORARY SHELTER, INC. (GIFTS) IS TO SHOW CHRIST'S LOVE TO HOMELESS MEN IN ROCK COUNTY BY ADVANCING RENEWAL AND HOPE THROUGH A UNIFIED CHRISTIAN EFFORT.
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IRS990/OtherExpensesGrp/Desc0DUES, FEES, AND SUBSCRI
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IRS990/PrincipalOfficerNm0MICHAEL SCHOEDER
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IRS990/ProgSrvcAccomActy2Grp/Desc0THRIFT STORE - THRIFT STORE OFFERS GENTLY USED ITEMS INCLUDING CLOTHING, HOUSEHOLD GOODS, FURNITURE, AND ACCESSORIES, WHICH BOTH MEET THE NEEDS OF THE GUESTS AS WELL AS PROVIDE A LOW-COST SHOPPING OPTION FOR THE COMMUNITY.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt084
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IRS990/QuidProQuoContributionsInd01
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt042964
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02945

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