2022-11-15T16:50:29-05:00 2019-12-31 911347576 LOVERIDGE HUNT & CO CPA'S 14725 SE 36TH ST STE 401 BELLEVUE WA 980061682 990 2019-01-01 911148798 FIRST AME HOUSING ASSOCIATION FIRS 2065103061 1801 EAST YESLER WAY SEATTLE WA 98122 MARCUS PRICE TREASURER 2063241840 2022-11-15 true JIE KLEMM P01939897 4254532088 2022-11-15 2019 2022-09-23 18:48:47Z X FAME ROXANNE BUCHANAN 1801 EAST YESLER WAY SEATTLE WA 98122 2268986 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 2195488 2266836 1308 2150 0 2196796 2268986 0 0 202629 393400 0 0 1080959 926201 1283588 1319601 913208 949385 4882333 6510795 642575 1321652 4239758 5189143 PROVISION OF AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES AND THE ELDERLY false false 1319601 2266836 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. 1319601 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 2256200 2256200 LAUNDRY AND VENDING 900099 6469 6469 MISCELLANEOUS REVENUE 812300 4167 4167 2266836 2150 2150 2268986 2266836 2150 306602 306602 52517 52517 34281 34281 40584 40584 37178 37178 45265 45265 47290 47290 7369 7369 11791 11791 159997 159997 69906 69906 UTILITIES 245719 245719 REPAIR & MAINT. CONTRACTS 117480 117480 GARBAGE AND TRASH REMOVAL 68717 68717 SUPPLIES 26486 26486 48419 48419 1319601 1319601 0 0 2143823 318084 2501433 97582 64073 39982 43978 5639470 4686388 1113080 953082 1487866 2630145 4882333 6510795 327792 557569 6577 15689 308206 748394 642575 1321652 X 4239758 5189143 4239758 5189143 4882333 6510795 949385 X false true X true true true X 1241302 1221632 2186711 2195488 2266836 9111969 1241302 1221632 2186711 2195488 2266836 9111969 9111969 566 787 926 1308 2150 5737 566 787 926 1308 2150 5737 1241868 1222419 2187637 2196796 2268986 9117706 0.99940 0.99950 0.00000 0.00000 X 101578 101578 4626341 3903549 722792 51818 51818 859733 731021 128712 953082 REPLACEMENT RESERVE 1543303 CONSTRUCTION IN PROGRESS 1051658 SECURITY DEPOSITS 33641 MORTGAGE ESCROW DEPOSITS 1543 2630145 CURRENT PORTION OF NOTES PAYABLE 505017 NOTES PAYABLE 210027 SECURITY DEPOSITS 33272 ACCRUED EXPENSES 78 748394 2268986 2268986 2268986 1319601 1319601 1319601 FORM 990, PAGE 1, ITEM B THE ORGANIZATION IS AMENDING FORM 990 TO AGREE WITH THE 2019 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 2,107,152 159,684 2,266,836 LINE 12 TOTAL REVENUE 2,109,302 159,684 2,268,986 LINE 15 SALARIES/COMPENSATION 371,770 21,630 393,400 LINE17 OTHER EXPENSES 926,166 35 926,201 LINE 18 TOTAL EXPENSES 1,297,936 21,665 1,319,601 LINE 22 NET ASSETS 5,051,124 138,019 5,189,143 PART VIII STATEMENT OF REVENUE LINE 2A RENTAL INCOME 2,100,206 155,994 2,256,200 LINE B LAUNDRY AND VENDING 4,138 2,331 6,469 MISCELLANEOUS INCOME 2,808 1,359 4,167 LINE 2G AND 12A COL A AND B 2,107,152 159,684 2,266,836 PART IX STATEMENT OF FUNCTIONAL EXPENSES LINE 9 OTHER EMPLOYEE BENEFITS 30,887 21,630 52,517 LINE 11 B MANAGEMENT 41,283 (699) 40,584 LINE 19 CONFERENCES AND MEETINGS 7,334 35 7,369 REPAIRS AND MAINTENANCE 115,884 1,596 117,480 ALL OTHER EXPENSES 49,316 (897) 48,419 CHANGE IN EXPENSES 21,665 PART X BALANCE SHEET LINE 1 CASH 38,671 279,413 318,084 LINE 2 SAVINGS 2,501,468 (35) 2,501,433 ACCOUNTS RECEIVABLE 349,718 (285,645) 64,073 LINE 11 OTHER ASSETS 2,618,369 11,776 2,630,145 LINE 16 TOTAL ASSETS 6,505,286 5,509 6,510,795 LINE 17 ACCOUNTS PAYABLE 711,323 (153,754) 557,569 LINE 19 DEFERRED REVENUE 24,685 (8,996) 15,689 LINE 25 OTHER LIABILITIES 718,154 30,240 748,394 LINE 237 NET FUND BALANCES 5,051,124 138,019 5,189,143 LINE 33 TOTAL LIAB & NET ASSETS 6,505,286 5,509 6,510,795 FORM 990, PART VI FORM 990, PART VI, LINE 6 - AS OF JANUARY 30, 2019, 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 CATHOLIC HOUSING SERVICES OF WESTERN WASHINGTON TO MAINTAIN DAILY OPERATION OF THE THREE PROPERTIES AS OF SEPTEMBER 2019. MICHAELS MANAGEMENT AFFORDABLE LLC TOOK OVER MANAGEMENT OF DAILY OPERATION OF THE THREE PROPERTIES STARTING NOVEMBER 2019. 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.