2022-11-15T16:51:58-05:00 2020-12-31 911347576 LOVERIDGE HUNT & CO CPA'S 14725 SE 36TH ST STE 401 BELLEVUE WA 980061682 990 2020-01-01 911148798 FIRST AME HOUSING ASSOCIATION FIRS 2065103061 1801 EAST YESLER WAY SEATTLE WA 98122 MARCUS PRICE TREASURER 2063241840 2021-11-15 true MARCUS PRICE 888008888 JIE KLEMM P01939897 4254532088 2022-11-15 2020 2022-09-23 18:48:47Z X FAME ROXANNE BUCHANAN 1801 EAST YESLER WAY SEATTLE WA 98122 2643565 false X N/A X 1969 WA PROVISION OF AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES AND THE ELDERLY 6 6 0 0 0 2266836 2347824 2150 3691 292050 2268986 2643565 0 0 393400 432141 0 0 926201 1134552 1319601 1566693 949385 1076872 6510795 8131931 1321652 1911076 5189143 6220855 PROVISION OF AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES AND THE ELDERLY false false 1566693 2347824 FIRST AME HOUSING ASSOCIATION IS A NON-PROFIT WASHINGTON STATE CORPORATION THAT HAS LEGAL TITLE TO THREE PROPERTIES. THROUGH OUT THE THREE PROPERTIES ARE 98 UNITS, LOCATED IN SEATTLE, WASHINGTON. 1566693 true false false false false false false false false false true false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 2 0 0 false false false false false false false false false false false false false false X 6 6 false true false false false false false true true false false false true true false false false false false false X MARCUS PRICE 2065103061 1801 EAST YESLER WAY SEATTLE WA 98122 X F RONALD L FLYNN PRESIDENT 1.00 X X 0 0 0 ROXANNE BUCHANAN SECRETARY 1.00 X X 0 0 0 THERON Q HOOKS VICE PRESIDE 1.00 X X 0 0 0 MARCUS PRICE TREASURER 1.00 X X 0 0 0 HAROLD WRIGHT DIRECTOR 1.00 X 0 0 0 LARRY LAUNDRY DIRECTOR 1.00 X 0 0 0 PRESTON HAMPTON DIRECTOR 1.00 X 0 0 0 false false false RENTAL INCOME 532000 2304934 2304934 MISCELLANEOUS REVENUE 900099 34509 34509 TENANT CHARGES 812300 4376 4376 LAUNDRY AND VENDING 532000 4005 4005 2347824 3691 3691 SETTLEMENT INCOME 292050 292050 292050 2643565 2639874 3691 366870 366870 26499 26499 38772 38772 68394 68394 57792 57792 33229 33229 1602 1602 66988 66988 1279 1279 4599 4599 139241 139241 78472 78472 UTILITIES 282280 282280 GARBAGE AND TRASH REMOVAL 91001 91001 SUPPLIES 90826 90826 REPAIR & MAINT. CONTRACTS 66971 66971 151878 151878 1566693 1566693 0 0 318084 267012 2501433 2991248 64073 118531 43978 71823 5639470 4825629 953082 813841 2630145 3869476 6510795 8131931 557569 404555 15689 39088 748394 1467433 1321652 1911076 X 5189143 6220855 5189143 6220855 6510795 8131931 X 1076872 -45160 X false true X true true true X 1221632 2186711 2195488 2118693 2639874 10362398 1221632 2186711 2195488 2118693 2639874 10362398 10362398 787 926 1308 2150 3691 8862 787 926 1308 2150 3691 8862 1222419 2187637 2196796 2120843 2643565 10371260 0.99910 0.99940 0.00000 0.00000 X 101578 101578 4607149 4027158 579991 51818 51818 878925 746653 132272 813841 CONSTRUCTION IN PROGRESS 2250046 REPLACEMENT RESERVE 1587781 SECURITY DEPOSITS 30106 MORTGAGE ESCROW DEPOSITS 1543 3869476 NOTES PAYABLE 1436567 SECURITY DEPOSITS 30223 ACCRUED EXPENSES 643 1467433 2643565 2643565 2643565 1566693 1566693 1566693 FORM 990, PAGE 1, ITEM B THE ORGANIZATION IS AMENDING FORM 990 TO AGREE WITH THE 2020 AUDITED FINANCIAL STATEMENTS WHICH WERE COMPLETED AFTER THE FORM 990'S EXTENDED DUE DATE HAD PAST. THE ORIGINAL FORM 990 WAS PREPARED WITH THE BEST INFORMATION AVAILABLE AT THE TIME IT WAS FILED. IN ADDITION, THIS AMENDED FORM 990 IS CORRECTING STATEMENTS REGARDING THE ORGANIZATION'S GOVERNING BODY. THE AMENDED REVISION ARE AS FOLLOWS: AS ORIGINALLY AMOUNT AMENDED REPORTED CHANGE AMOUNTS PART I SUMMARY LINE 9 PROGRAM SERVICE REVENUE 2,514,030 (166,206) 2,347,824 LINE 12 TOTAL REVENUE 2,562,567 80,998 2,643,565 LINE17 OTHER EXPENSES 1,160,615 (26,063) 1,134,552 LINE 18 TOTAL EXPENSES 1,592,756 (26,063) 1,566,693 LINE 22 NET ASSETS 6,158,954 61,901 6,220,855 PART VIII STATEMENT OF REVENUE LINE 2A RENTAL INCOME 2,236,934 68,000 2,304,934 LINE B MISCELLANEOUS INCOME 268,715 (234,206) 34,509 LINE 2G AND 12A COL A AND B 2,514,030 (166,206) 2,347,824 LINE 11A SETTLEMENT INCOME 44,862 247,188 292,050 PART IX STATEMENT OF FUNCTIONAL EXPENSES LINE 11 C ACCOUNTING 38,177 (4,948) 33,229 ALL OTHER EXPENSES 704,071 (21,115) 682,956 CHANGE IN EXPENSES (26,063) PART X BALANCE SHEET LINE 1 CASH 246,448 20,564 267,012 LINE 4 ACCOUNTS RECEIVABLE 75,631 42,900 118,531 CONSTRUCTION IN PROGRESS 2,242,309 7,737 2,250,046 LINE 16 TOTAL ASSETS 8,060,730 71,201 8,131,931 LINE 17 ACCOUNTS PAYABLE 395,255 9,300 404,555 LINE 237 NET FUND BALANCES 6,158,954 61,901 6,220,855 LINE 33 TOTAL LIAB & NET ASSETS 8,060,730 71,201 8,131,931 FORM 990, PART VI FORM 990, PART VI, LINE 6 - FIRST AME HOUSING ASSOCIATION DOES NOT HAVE MEMBERS OR STOCKHOLDERS. INSTEAD, ALL OPERATIONS ARE MANAGED BY THE BOARD OF DIRECTORS SELECTED ON A BI-ANNUAL SCHEDULE. FORM 990, PART VI, LINE 7A - ELECTION AND TERM OF OFFICE. THE OFFICERS OF THE BOARD OF DIRECTORS SHALL BE ELECTED ANNUALLY BY THE BOARD OF DIRECTORS AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS. IF THE ELECTION OF OFFICERS DOES NOT TAKE PLACE AT THE ANNUAL MEETING, THE BOARD SHALL ELECT OFFICERS AS SOON THEREAFTER AS CONVENIENT. EACH OFFICER SHALL HOLD OFFICE UNTIL HIS OR HER SUCCESSOR HAS BEEN ELECTED. FORM 990, PART VI, LINE 7B - ALL GOVERNANCE DECISIONS ARE MADE BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH THE BYLAWS AND ARTICLES OF INCORPORATION. FORM 990, PAGE 6, PART VI, LINE 3 FAME DELEGATED MANAGEMENT TO MICHAELS MANAGEMENT AFFORDABLE LLC TO MAINTAIN DAILY OPERATION OF THE THREE PROPERTIES AS OF YEAREND. FORM 990, PAGE 6, PART VI, LINE 11B REVIEW IS DONE BY TREASURER. THE TREASURER IS THE LEADER OF THE FINANCE COMMITTEE. THE SUBMISSION OF THE 990 FALLS UNDER THE RESPONSIBILITIES OF THE FINANCE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 19 NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 PPA -45,160