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SHARE (Seattle Housing and Resource Effort) “WHY WE CONTINUE TO STRU!E"

#INANCIA! STATE$ENT $arc% &'

*AC+ROUN,-  We’re the largest, most cost-effective and empowering network of shelters

in the Pacific Northwest, now involving and sheltering around 450 people each daynight in !5

self-managed indoor shelters, a large low-"arrier women’s shelter, and #$%&& #ent 'ities(

)ur efforts are deeply entwined and rely on each other( We are as close to the "one as ispossi"le, and there is nothing that can "e cut without toppling our whole network( *or more

than seven years we’ve "een clear and pu"lic with what’s needed to ena"le the +$%&

democratic shelter network to survive significant additional ongoing financial support(

We ended .0!5 in a"out the same financial situation as the previous calendar year with

around /50,000 in de"t( #hat we managed to survive carrying )N1 this level of de"t,

considering our funding cuts and "ureaucratic struggles, is to our credit( #hat we continue to

carry this level of de"t is a"solutely and clearly due to lack of significant increased sta"le

ongoing funding(

CURRENT $ARCH ./ &' SITUATION/ AN, &' 0RO1ECTION-

We are currentl2 around 345/''' in de6t7 ,ue to lac8 of sufficient ongoing funding (and

also t%e rei96ursa6le nature of our contracts : related cas% flo;

8/18/2019 SHARE Financial Statement January 2016 (1).docx

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loss we withstood starting in .0!. when this contract transferred to the 'ounty from the +tate(

We campaigned all year for 'ounty funding2unsuccessfully, so far(

INSU##ICIENT CITY TENT CITY #UN,IN AN, *UREAUCRATIC ECUSE@$A+IN

INSTEA, O# ,IS*URSIN THIS #UN,IN- 6n autumn .0!4 the 'ity allocated /!00,000 for

"asic encampment costs( 6n .0!5 +$%& received only /!0,000 of this funding, despite

numerous invoices and re;uests( &very "ureaucratic eations like ours(

ES#0 (#E$A) UNCERTAINTIES-  Eenerally, early in the spring, *&F shelter money is

"illa"le( 6n .0!5 its arrival was delayed "y many months, its amount to us 3around /.A,000

was less than in its heyday 3/44, and even when it was made availa"le, we had to split the

"illing in two, which seriously hurt our operations and cash flow( We have no word yet a"out

the dis"ursement schedule and amount for .0!B( 

IN#!ATION- #he cost of everything2utilities, "us tickets, other essentials2keeps going up,

and our sta"le contract amounts has either stayed flat or had a less-than-the-rate-of-inflation

increase(

SHARE

Seattle Housing and Resource Effort

07O7 *o &5D Seattle/ WA F@&5D

;;;7s%are;%eel7org

(&') DD@4F

http://www.sharewheel.org/http://www.sharewheel.org/