HOMESIGHT: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- HOMESIGHT (EIN 94-3117253)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-12
- IRS object ID
- 202113169349311771
- Schema version
- 2020v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-12T16:29:43-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 911566381 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINNEY NEILL & COMPANY PS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9757 GREENWOOD AVE N | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 943117253 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOMESIGHT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOME | BusinessNameControlTxt |
| Phone | 2067604227 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5117 RAINIER AVENUE S | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98118 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DARRYL SMITH | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 2067604227 | PhoneNum |
| Signature | 2021-11-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SMITH | PersonFirstNm |
| Person Last | DARRYL | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOSHUA J BREILING CPA | PreparerPersonNm |
| PTIN | P01286663 | PTIN |
| Phone | 2062989811 | PhoneNum |
| Preparation | 2021-11-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DARRYL SMITH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5117 RAINIER AVE S | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98118 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $11,460,706 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HOMESIGHTWA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1990 | FormationYr |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Activity Or Mission | PROMOTING SOCIAL AND ECONOMIC EQUITY TO PRESERVE AND ENHANCE ECONOMICALLY AND CULTURALLY DIVERSE COMMUNITIES THROUGH AFFORDABLE HOMEOWNERSHIP, BUSINESS DEVELOPMENT, AND COMMUNITY ADVOCACY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 44 | TotalEmployeeCnt |
| Total Volunteers | 90 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $4,047,161 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,658,041 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,837,378 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,730,565 | CYProgramServiceRevenueAmt |
| PY Investment Income | $54,292 | PYInvestmentIncomeAmt |
| CY Investment Income | $19,172 | CYInvestmentIncomeAmt |
| PY Other Revenue | $117,375 | PYOtherRevenueAmt |
| CY Other Revenue | $52,928 | CYOtherRevenueAmt |
| PY Total Revenue | $7,056,206 | PYTotalRevenueAmt |
| CY Total Revenue | $11,460,706 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $11,255 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,266,591 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,416,025 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,736,211 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $38,437 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $23,475 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $13,986 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,133,048 | PYOtherExpensesAmt |
| CY Other Expenses | $1,558,420 | CYOtherExpensesAmt |
| PY Total Expenses | $5,598,765 | PYTotalExpensesAmt |
| CY Total Expenses | $5,584,697 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,457,441 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,876,009 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $52,166,168 | TotalAssetsBOYAmt |
| Total Assets EOY | $68,176,389 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $8,982,989 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $19,117,201 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $43,183,179 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $49,059,188 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | HOMESIGHT CREATES AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES THROUGH ITS HOMEBUYER EDUCATION AND LENDING, AND REAL ESTATE DEVELOPMENT PROGRAMS. THESE PROGRAMS PRIMARILY SERVE LOW AND MODERATE INCOME, FIRST-TIME HOMEBUYERS IN SEATTLE, KING, PIERCE, AND SNOHOMISH COUNTIES. HOMESIGHT IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, CERTIFIED BY THE US DEPARTMENT OF TREASURY, AND IS A WASHINGTON STATE LICENSED CONSUMER LOAN COMPANY | MissionDesc |
| Significant New Program Srvc | Yes (true) | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $683,706 | ExpenseAmt |
| Revenue | $187,575 | RevenueAmt |
| Desc | REAL ESTATE DEVELOPMENT: PART OF HOMESIGHT'S STRATEGY IS TO USE AFFORDABLE COMMERCIAL AND RESIDENTIAL REAL ESTATE DEVELOPMENT TO STIMULATE ECONOMIC GROWTH IN COMMUNITIES WHERE EQUITABLE INVESTMENT IS LAGGING AND BUILD HOUSEHOLD ASSETS FOR LOW INCOME AND FIRST-TIME HOME BUYERS. HOMESIGHT DEVELOPMENT ALSO PROVIDES PROJECT MANAGEMENT SERVICES TO COMMUNITY NONPROFIT ORGANIZATIONS TO ASSIST IN COMMUNITY DEVELOPMENT AND NEIGHBORHOOD REVITALIZATION ACTIVITIES. HOMESIGHT CONTINUES TO MANAGE THE REHAB AND REPLACEMENT OF MOBILE HOMES IN A LOW-INCOME SENIOR COMMUNITY IN PARTNERSHIP WITH THE HOUSING AUTHORITY OF SNOHOMISH COUNTY. HOMESIGHT IS THE LEAD DEVELOPER AND PROJECT MANAGER FOR THE TRANSIT- ORIENTED DEVELOPMENT OF OTHELLO SQUARE IN SEATTLE. HOMESIGHT COMPLETED THE FEASIBILITY AND IMPLEMENTATION PLAN FOR THE PROJECT IN 2017. THE GOALS OF THIS 215 MILLION PROJECT ARE TO PREVENT DISPLACEMENT OF THE HISTORIC RESIDENTS AND BUSINESSES IN THE OTHELLO NEIGHBORHOOD, TO CELEBRATE AND EMBRACE THE HERITAGE OF THE DIFFERENT CULTURES THAT COMPRISE THE SE SEATTLE COMMUNITY, AND TO PROVIDE TOOLS AND OPPORTUNITIES TO GUARANTEE THE LONG- TERM HEALTH AND SUCCESS OF THE ENTIRE COMMUNITY. WITH THE ASSISTANCE OF SEVERAL COMMUNITY-LED COALITIONS ACTIVELY INVOLVED IN EQUITABLE DEVELOPMENT IN SOUTHEAST SEATTLE, HOMESIGHT HAS BEEN LEADING A DEDICATED AND ROBUST COMMUNITY ENGAGEMENT PROCESS THROUGHOUT THE PROGRAM PLANNING TO ENSURE THAT THE OTHELLO SQUARE BEST MEETS THE NEEDS AND VISION OF THE COMMUNITY. HOMESIGHT SIGNED ALL FOUR PURCHASE AND SALE AGREEMENTS (PSAS) ON THE PROPERTIES IN 2018 FOR THE OTHELLO SQUARE PROJECT WITH THE SEATTLE HOUSING AUTHORITY (SHA). HOMESIGHT ALSO ENTERED INTO ASSIGNMENT AGREEMENTS FOR TWO OF THE PROPERTIES TO BE OWNED AND DEVELOPED AS PART OF THE PROJECT BY TWO LOCAL ORGANIZATIONS. THE ODESSA BROWN CHILDRENS CLINIC AND ORENDA APARTMENTS BUILDING BROKE GROUND IN NOVEMBER 2019 AND THE SALISH ELEMENTARY SCHOOL BROKE GROUND SUBSEQUENT TO YEAR END. BOTH ARE EXPECTED TO BE OPERATIONAL BY FALL OF 2021. PROPERTY PURCHASES FOR REMAINING TWO PSAS WILL BE FINALIZED ONCE ALL CLOSING CONDITIONS ARE MET. HOMESIGHT IS THE DEVELOPER FOR THE LOW-INCOME HOUSING COOPERATIVE WHICH IS SEEKING CONSTRUCTION FINANCING WITH EQUITY FROM LOCAL, STATE AND FEDERAL SOURCE SECURED IN PLACE. THIS PROJECT IS FULLY PERMITTED AND ENTITLED. THE LAST OF THE FOUR BUILDINGS ON THE OTHELLO SQUARE CAMPUS IS THE OPPORTUNITY CENTER. THE ENTITLEMENT AND FUNDRAISING PROCESS IS MORE THAN 50% COMPLETE FOR THE OPPORTUNITY CENTER. COMPLETION OF THE OPPORTUNITY CENTER AT OTHELLO SQUARE IS SLATED FOR 2023. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,191,133 | ExpenseAmt |
| Revenue | $2,368,129 | RevenueAmt |
| Desc | HOMEBUYER SERVICES & LENDING: HOMESIGHT'S HOMEBUYER EDUCATION AND COUNSELING PROGRAM SERVES NEARLY 1,000 HOUSEHOLDS ANNUALLY, INCLUDING NEW AND EXISTING CUSTOMERS. IN 2019 AND 2018, OF THESE CUSTOMERS, 69% AND 71%, RESPECTIVELY WERE AT OR BELOW 80% PERCENT OF THE AREA MEDIAN INCOME. HOMESIGHT'S MISSION IS TO SERVE PRIMARILY LOW AND MODERATE INCOME FAMILIES WISHING TO PURCHASE THEIR FIRST HOME, BUT AS A HUD-CERTIFIED HOUSING COUNSELING AGENCY, IT CANNOT DISCRIMINATE BASED ON INCOME. ITS HOMEBUYER PROGRAM CONSISTS OF ONE-ONONE COUNSELING, AND NO-COST CLASSES ON ACHIEVING THE DREAM OF HOMEOWNERSHIP, OR AN ONLINE BUYER EDUCATION CURRICULUM FOR A NOMINAL FEE. -- HOMESIGHT DEVELOPED ITS REVOLVING LOAN FUND IN 1991 TO ADDRESS LIMITED ASSISTANCE LOAN RESOURCES AND THE GROWING GAP BETWEEN FAMILY INCOMES AND HOME PRICES. IT OFFERS ASSISTANCE LOANS FUNDED BY PUBLIC AND PRIVATE INVESTMENTS TO PACKAGE HIGHLY COMPETITIVE AMORTIZING OR DEFERRED SECOND LOANS AND DEFERRED THIRD LOANS FOR LOW AND MODERATE INCOME HOMEBUYERS. THIS STRUCTURE ALLOWS HOMESIGHT TO MINIMIZE OR ELIMINATE THE REQUIREMENT FOR PRIVATE MORTGAGE INSURANCE FOR ITS CUSTOMERS THEREBY INCREASING THE BUYING POWER OF LOW AND MODERATE INCOME FIRST-TIME HOMEBUYERS. HOMESIGHT'S FIRST- TIME HOMEBUYER EDUCATION AND LENDING PROGRAMS CREATED 209 AND 111 FIRST- TIME HOMEBUYERS IN THIS MARKET IN 2019 AND 2018, RESPECTIVELY. IN 2017 THE REVOLVING LOAN FUND EXPANDED STATE-WIDE WITH 15% OF LOANS NOW ORIGINATED OUTSIDE THE SEATTLE METRO AREA. -- HOMESIGHT IS A CORRESPONDENT 1ST MORTGAGE LENDER TO THE WASHINGTON STATE HOUSING FINANCE COMMISSION A LOCAL COMMUNITY BANK, AND A NEIGHBORWORKS AMERICA PARTNER. IN 2019 HOMESIGHT ORIGINATED 11.8 MILLION IN 1ST MORTGAGE LOANS WITH ITS CAPITAL PRIMARILY FOR SUBSEQUENT SALE TO THESE LENDERS. THROUGH THESE CHANNELS HOMESIGHT PROVIDES QUALITY, LOW- DOWN-PAYMENT OPTIONS AND MORE FLEXIBLE CASE-BY-CASE UNDERWRITING THAT ALLOWS MANY MORTGAGE-ELIGIBLE CUSTOMERS TO ACCESS CREDIT THAT WOULD NOT BE AVAILABLE TO THEM OTHERWISE. -- IN 2016, HOMESIGHT BEGAN OFFERING A NEW LAYER OF FINANCING IN THE FORM OF FORGIVABLE DOWN PAYMENT ASSISTANCE LOANS WITH 4 MILLION AWARDED THROUGH THE NEIGHBORHOOD LIFT PROGRAM IN 2016. THESE ARE LOANS OF UP TO 7,500 (INCREASED TO 20,000 AS OF MID-2018), FORGIVEN OVER THREE YEARS FOR BUYERS UP TO 100% OF MEDIAN INCOME. THE MAJORITY OF THESE LOANS WILL BE FORGIVEN BY THE END OF 2020. SIMILARLY, HOMESIGHT ORIGINATES FORGIVABLE LOANS FUNDED BY THE FEDERAL HOME LOAN BANK OF DES MOINES. THESE LOANS OF 5,000 TO 7,500 ARE FORGIVEN OVER A 5-YEAR PERIOD. ALL FORGIVABLE LOANS ARE DISCOUNTED AT TIME OF ORIGINATION AND ARE NOT REFLECTED IN LOAN CHARGE OFFS. -- WITH A GRANT FROM THE ATTORNEY GENERALS OFFICE IN 2013, HOMESIGHT LAUNCHED A RESCUE LOAN PROGRAM, DESIGNED TO PREVENT FORECLOSURE TO AT RISK HOMEOWNERS. SINCE ITS INCEPTION, HOMESIGHT HAS ORIGINATED 287 FORECLOSURE PREVENTION RESCUE LOANS STATEWIDE VALUED AT OVER 6 MILLION. THESE ARE DEFERRED LOANS WITH AN INTEREST RATE BETWEEN 0-2% DEPENDING ON INCOME. ONLY 11 OF THESE FAMILIES LOST THEIR HOME TO A NEW FORECLOSURE (A 3.8% RATE) AND A SIGNIFICANT AMOUNT OF THESE FUNDS HAVE BEEN REPAID AND RE-LOANED BY HOMESIGHT. HOMESIGHT BEGAN ADMINISTERING A SIMILAR RESCUE LOAN PROGRAM FOR THE CITY OF SEATTLE IN 2019 AND WILL BE ADDING KING AND PIERCE COUNTY IN 2020. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,609,442 | ExpenseAmt |
| Grant | $1,266,591 | GrantAmt |
| Revenue | $227,789 | RevenueAmt |
| Desc | COMMUNITY DEVELOPMENT: WITH A HISTORY OF CROSS-SECTOR COLLABORATION, EXPERTISE IN POLICY AND ADVOCACY, AND A TRACK RECORD OF EQUITABLE DEVELOPMENT, HOMESIGHT IS RECOGNIZED AS A CATALYTIC COMMUNITY LEADER. FOR 30 YEARS, HOMESIGHT HAS FACILITATED BEAUTIFICATION AND INFRASTRUCTURE IMPROVEMENT PROJECTS, MANAGED THE DEVELOPMENT OF CULTURAL CENTERS, SUPPORTED LOCAL BUSINESS ORGANIZATIONS, AND LED COALITIONS PROMOTING EQUITABLE GROWTH IN SOUTHEAST SEATTLE, THE CITYS MOST RACIALLY AND ETHNICALLY DIVERSE COMMUNITY. HOMESIGHT ESTABLISHED FOUR COMMUNITY DEVELOPMENT ACTIVITIES: 1) OTHELLO SQUARE COMMUNITY WORK GROUP (FORMERLY SOUTHEAST ECONOMIC OPPORTUNITY CENTER (SEOC)) A GROUP OF RESIDENTS, BUSINESS OWNERS, AND OTHER STAKEHOLDERS UNITED TO ENSURE THAT THE OTHELLO SQUARE REFLECTS THE COMMUNITYS NEED FOR A CULTURALLY RELEVANT DEVELOPMENT THAT PRIORITIZES EQUITABLE ACCESS TO HOUSING, EDUCATION AND EMPLOYMENT; 2) COMMUNITIES OF OPPORTUNITYA MULTI- YEAR EFFORT WITH MORE THAN 30 COMMUNITY BASED PARTNERS, FUNDED COLLABORATIVELY BY THE SEATTLE FOUNDATION AND THE KING COUNTY BEST STARTS FOR KIDS LEVY PROGRAM, TO IDENTIFY POLICY AND SYSTEMS SOLUTIONS TO IMPROVE HEALTH, HOUSING, AND ECONOMIC OPPORTUNITY, AND COMMUNITY CONNECTIONS IN SOUTHEAST SEATTLE; 3) OTHELLO FARM STAND/BEET BOX A UNIQUE PLACEMAKING PROJECT PROMOTES ENVIRONMENTAL AND NUTRITIONAL EDUCATION THROUGH SUPPORT OF LOCAL FARMERS AND MAKERS, 4) READY TO WORK (RTW) A PARTNERSHIP WITH COMMUNITY BASED ORGANIZATION PARTNERS AND AN ADULT BASIC EDUCATION LEARNING CENTER PROVIDING ELL COURSES AND JOB TRAINING AND PLACEMENT IN SOUTHEAST SEATTLE, IS NOW MERGING OUR PROGRAM WITH TWO OTHER PROGRAMS IN NORTH AND WEST SEATTLE, WHERE HOMESIGHT WILL CONTINUE TO SERVE AS THE LEAD AGENCY PROVIDING ADMINISTRATIVE SUPPORT. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $4,484,281 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 384 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 44 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | EDDIE ROLDAN | PersonNm |
| Phone | 2067604227 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5117 RAINIER AVE S | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98118 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| DARRYL SMITH | |||||||
| EXECUTIVE DI | 40.00 | Yes (X) | $121,156 | $0 | $8,820 | ||
| ANTHONY TO | |||||||
| DIRECTOR EME | 40.00 | Yes (X) | $152,601 | $0 | $7,111 | ||
| GAYLE SHEA | |||||||
| INTERIM EXEC | 40.00 | Yes (X) | $128,945 | $0 | $317 | ||
| LINDA FLANAGAN FREEBURG | |||||||
| INTERIM EXEC | 40.00 | Yes (X) | $37,612 | $0 | $2,034 | ||
| LANA VAHALA-MARCUS | |||||||
| CFO | 40.00 | Yes (X) | $26,326 | $0 | $2,215 | ||
| TOM JACOBI | |||||||
| CHIEF PORTFO | 40.00 | Yes (X) | $70,643 | $0 | $11,372 | ||
| MICHAEL DOTSON | |||||||
| PRESIDENT | 2.00 | Yes (X) | $0 | $0 | $0 | 0.50 | Yes (X) |
| TERRY MILLER | |||||||
| VICE PRESIDE | 2.00 | Yes (X) | $0 | $0 | $0 | 0.50 | Yes (X) |
| ROB LANG | |||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | 0.50 | Yes (X) |
| RANDY ROBINSON | |||||||
| TREASURER (E | 2.00 | Yes (X) | $0 | $0 | $0 | 0.50 | Yes (X) |
| REBECCA BRYANT | |||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | 0.50 | Yes (X) | |
| KATRINA FREEBURG | |||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | 0.50 | Yes (X) | |
| MATEO GARIBALDI | |||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | 0.50 | Yes (X) | |
| NADINE MORGAN | |||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | 0.50 | Yes (X) | |
| NATALIE HESTER JOHNSON | |||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | 0.50 | Yes (X) | |
| LYNN PERKINS | |||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | 0.50 | Yes (X) | |
| MICKEY ROSS | |||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | 0.50 | Yes (X) | |
| RHONDA SMITH-BANCHERO | |||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | 0.50 | Yes (X) | |
| HERMAN TAM | |||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | 0.50 | Yes (X) | |
| STEVE WILLIAMS | |||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | 0.50 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $537,283 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $31,869 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WEBER THOMPSON ARCHITECTS PLLC | |||||
| 225 TERRY AVE N STE 200 | SEATTLE | WA | 98109 | ARCHITECTURE | $918,066 |
| BARRIENTOS RYAN LLC | |||||
| 1402 THIRD AVENUE STE 808 | SEATTLE | WA | 98101 | CONSULTING | $354,709 |
| RUSHING COMPANY LLC | |||||
| 1725 WESTLAKE AVENUE NORTH SUITE 30 | SEATTLE | WA | 98109 | ENERGY DESIGN | $162,256 |
| LUND OPSAHL LLC | |||||
| 1201 AVENUE SOUTH SUITE 310 | SEATTLE | WA | 98134 | ENGINEERING | $142,163 |
| RAFN COMPANY | |||||
| 1721 132ND AVENUE NE | BELLEVUE | WA | 98005 | CONTRACTING | $134,367 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $5,128,307 | GovernmentGrantsAmt |
| All Other Contributions | $3,529,734 | AllOtherContributionsAmt |
| Total Contributions | $8,658,041 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LOAN INTEREST INCOME | 522292 | $1,003,928 | $1,003,928 |
| RESCUE LOAN DISCOUNT | 522292 | $913,292 | $913,292 |
| LOAN & HOMEBUYER SVCS FEES | 541990 | $450,349 | $450,349 |
| FISCAL AGENT FEES | 561000 | $227,789 | $227,789 |
| DEVELOPER FEES | 531390 | $134,647 | $134,647 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $560 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $560 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,730,565 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,172 | TotalRevenueColumnAmt |
| Exclusion | $19,172 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 531390 | BusinessCd |
| Total Revenue Column | $52,928 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $52,928 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $52,928 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,460,706 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,783,493 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $19,172 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $791,551 | TotalAmt |
| Program Services | $791,551 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $475,040 | TotalAmt |
| Program Services | $475,040 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $550,181 | TotalAmt |
| Program Services | $274,845 | ProgramServicesAmt |
| Management And General | $275,336 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,704,479 | TotalAmt |
| Program Services | $1,271,567 | ProgramServicesAmt |
| Management And General | $423,220 | ManagementAndGeneralAmt |
| Fundraising | $9,692 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,508 | TotalAmt |
| Program Services | $26,959 | ProgramServicesAmt |
| Management And General | $6,549 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $259,165 | TotalAmt |
| Program Services | $184,410 | ProgramServicesAmt |
| Management And General | $73,930 | ManagementAndGeneralAmt |
| Fundraising | $825 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $188,878 | TotalAmt |
| Program Services | $129,962 | ProgramServicesAmt |
| Management And General | $58,139 | ManagementAndGeneralAmt |
| Fundraising | $777 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,662 | TotalAmt |
| Program Services | $43,512 | ProgramServicesAmt |
| Management And General | $150 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,138 | TotalAmt |
| Program Services | $33,722 | ProgramServicesAmt |
| Management And General | $9,416 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,475 | TotalAmt |
| Fundraising | $23,475 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $302,796 | TotalAmt |
| Program Services | $159,270 | ProgramServicesAmt |
| Management And General | $164,476 | ManagementAndGeneralAmt |
| Fundraising | -$20,950 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,789 | TotalAmt |
| Program Services | $59,615 | ProgramServicesAmt |
| Management And General | $11,174 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,069 | TotalAmt |
| Program Services | $60,767 | ProgramServicesAmt |
| Management And General | $17,302 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $117,046 | TotalAmt |
| Program Services | $97,577 | ProgramServicesAmt |
| Management And General | $19,469 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,071 | TotalAmt |
| Program Services | $5,883 | ProgramServicesAmt |
| Management And General | -$812 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,145 | TotalAmt |
| Program Services | $66,669 | ProgramServicesAmt |
| Management And General | $1,461 | ManagementAndGeneralAmt |
| Fundraising | $15 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,231 | TotalAmt |
| Program Services | $110,231 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,743 | TotalAmt |
| Program Services | $55,942 | ProgramServicesAmt |
| Management And General | $801 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,760 | TotalAmt |
| Program Services | $12,122 | ProgramServicesAmt |
| Management And General | $15,638 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| COMMUNITY DEVELOPMENT | $396,006 | $396,006 | |
| DISCOUNT ON LOANS REC | $118,332 | $118,332 | |
| LENDING COSTS | $65,861 | $65,861 | |
| STAFF TRAINING | $24,914 | $17,977 | $6,937 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,857 | TotalAmt |
| Program Services | $26,461 | ProgramServicesAmt |
| Management And General | $3,244 | ManagementAndGeneralAmt |
| Fundraising | $152 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,584,697 | TotalAmt |
| Program Services | $4,484,281 | ProgramServicesAmt |
| Management And General | $1,086,430 | ManagementAndGeneralAmt |
| Fundraising | $13,986 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,143,221 | BOYAmt |
| EOY | $5,762,836 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,682,402 | BOYAmt |
| EOY | $6,908,260 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $650,711 | BOYAmt |
| EOY | $1,326,813 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,505 | BOYAmt |
| EOY | $199,686 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $352,268 | BOYAmt |
| EOY | $349,382 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,199 | BOYAmt |
| EOY | $64,865 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $933,871 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $585,085 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $403,593 | BOYAmt |
| EOY | $348,786 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,100 | BOYAmt |
| EOY | $61,700 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,916,584 | BOYAmt |
| EOY | $29,154,615 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,867,585 | BOYAmt |
| EOY | $23,999,446 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,166,168 | BOYAmt |
| EOY | $68,176,389 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $536,110 | BOYAmt |
| EOY | $437,709 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,664,554 | BOYAmt |
| EOY | $5,158,232 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,118 | BOYAmt |
| EOY | $3,258,799 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,603,750 | BOYAmt |
| EOY | $10,174,138 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $112,457 | BOYAmt |
| EOY | $88,323 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,982,989 | BOYAmt |
| EOY | $19,117,201 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,335,324 | BOYAmt |
| EOY | $25,224,866 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,847,855 | BOYAmt |
| EOY | $23,834,322 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,183,179 | BOYAmt |
| EOY | $49,059,188 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,166,168 | BOYAmt |
| EOY | $68,176,389 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $5,876,009 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,152,257 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,355,039 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,409,793 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,047,161 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,658,041 | CurrentTaxYearAmt |
| Total | $34,622,291 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,152,257 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,355,039 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,409,793 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,047,161 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,658,041 | CurrentTaxYearAmt |
| Total | $34,622,291 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $936,514 | SubstantialContributorsTotAmt |
| Public Support Total170 | $33,685,777 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $77,663 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $80,630 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $55,089 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $64,464 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $19,172 | CurrentTaxYearAmt |
| Total | $297,018 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $34,919,309 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $15,418,682 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.96470 | PublicSupportCY170Pct |
| Public Support PY170 | 0.98740 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 10 | FormAndLineReferenceDesc |
| Explanation | OTHER NON-INVESTMENT EXEMPT INCOME 0 | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $105,000 | OtherCostOrOtherBasisAmt |
| Book Value | $105,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $547,370 | OtherCostOrOtherBasisAmt |
| Depreciation | $311,129 | DepreciationAmt |
| Book Value | $236,241 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $281,501 | OtherCostOrOtherBasisAmt |
| Depreciation | $273,956 | DepreciationAmt |
| Book Value | $7,545 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $348,786 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | HOMEBUYER LOANS RECEIVABLE | Desc |
| Book Value | $29,154,615 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $29,154,615 | TotalBookValueProgramRltdAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| LOANS AVAILABLE FOR SALE | $9,259,329 |
| PROJECT CONSTRUCTION COSTS | $6,097,457 |
| DUE FROM HSCD | $5,813,298 |
| LOAN INTEREST RECEIVABLE | $2,829,362 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $23,999,446 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| OTHER LIABILITIES | $61,113 |
| WARRANTY ALLOWANCE | $23,483 |
| INTEREST PAYABLE | $3,727 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $88,323 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $11,460,706 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $11,460,706 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $11,460,706 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,584,697 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $5,584,697 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $5,584,697 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 2, PART IV, LINE 2B | HOMESIGHT ACTS AS FISCAL AGENT FOR SEVERAL LOCAL ORGANIZATIONS ON AN ONGOING BASIS. IN 2020, HOMESIGHT ALSO SERVED IN A FISCAL AGENT CAPACITY IN DISBURSING FEDERAL FUNDS FROM THE CARES COVID RESILIENCY ACT. |
| SCHEDULE D, PAGE 3, PART X | HOMESIGHT ACCOUNTS FOR TAX POSITIONS IN ACCORDANCE WITH THE RECOGNITION AND INITIAL MEASUREMENT SECTIONS OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION. WITH FEW EXCEPTIONS, HOMESIGHT IS SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE PRIOR THREE YEARS. MANAGEMENT HAS REVIEWED HOMESIGHT'S TAX POSITIONS AND DETERMINED THERE WERE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2020 AND 2019. HOMESIGHT RECOGNIZES INCOME TAX RELATED INTEREST IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. DURING THE YEARS ENDED DECEMBER 31, 2020 AND 2019, HOMESIGHT RECOGNIZED NO INCOME TAX RELATED INTEREST OR PENALTIES. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|
| FUND CONSULTING LLC | |||||||
| 1165 N CLARK STREET STE 3000 | CHICAGO | IL | 60610 | GRANT APP | false | $12,950 | -$12,950 |
| MADELEINE ADELE COHEN | |||||||
| 123 E WINONA ST | DULUTH | MN | 55803 | GRANT APP | false | $10,525 | -$10,525 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $23,475 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$23,475 | TotalNetToOrganizationAmt |
| Licensed States | WA | LicensedStatesCd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| LITERARY SOURCE | |||||||
| 3200 NE 135TH ST | SEATTLE | WA | 98125 | 912101208 | 3 | $100,254 | READY TO WORK |
| ASIAN COUNSELING & REFERRAL SERVICE | |||||||
| 3639 MARTIN LUTHER KING JR WAY S | SEATTLE | WA | 98144 | 910916176 | 3 | $224,508 | READY TO WORK |
| SOMALI COMMUNITY SERVICES OF SEA | |||||||
| 8810 RENTON AVE S | SEATTLE | WA | 98118 | 911746056 | 3 | $35,690 | READY TO WORK |
| KANDELIA | |||||||
| 3829B S EDMUNDS ST 9 | SEATTLE | WA | 98118 | 911122532 | 3 | $9,000 | COVID-19 EMERGENCY |
| NORTHWEST FILM INSTITUTE | |||||||
| 1515 12TH AVE | SEATTLE | WA | 98122 | 911702331 | 3 | $150,749 | SPONSORSHIP TRANSFER |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 5 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | MORTGAGE ASSISTANCE | GrantTypeTxt |
| Recipient | 63 | RecipientCnt |
| Cash Grant | $475,040 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE I, PAGE 1, PART I, LINE 2 | ORGANIZATIONS ARE SELECTED BASED UPON ALIGNMENT OF GOALS AND MISSION WITH HOMESIGHT AND THE IMMEDIATE COMMUNITY AND/OR AS DICTATED IN SUBRECIPIENT GRANT AGREEMENTS. DEPENDING ON GRANT REQUIREMENTS, SUBSTANTIATION OF EXPENDIURES MAY BE REQUIRED. |
| SCHEDULE I, PAGE 4, PART IV | IN 2020, THE ORGANIZATION AWARDED 250,000 OF GRANTS TO SOUTHEAST SEATTLE SMALL BUSINESSES IMPACTED BY THE CORONAVIRUS PANDEMIC. ALL GRANTS WERE 5,000 OR LESS. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANTHONY TO | PersonNm |
| Title | DIRECTOR EMERITUS | TitleTxt |
| Base Compensation Filing Org | $152,601 | BaseCompensationFilingOrgAmt |
| Nontaxable Benefits Filing Org | $7,111 | NontaxableBenefitsFilingOrgAmt |
| Total Compensation Filing Org | $159,712 | TotalCompensationFilingOrgAmt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (5 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| MICHAEL DOTSON | |||||||
| BOARD MEMBER | PRINCIPAL RESIDENCE MORTGAGE | Yes (X) | $185,000 | $172,325 | false | Yes (true) | Yes (true) |
| JAMES TO | |||||||
| SON OF OFFICER | PRINCIPAL RESIDENCE MORTGAGE | Yes (X) | $70,000 | $70,000 | false | Yes (true) | Yes (true) |
| KATRINA FREEBURG | |||||||
| BOARD MEMBER | PRINICIPAL RESIDENCE MORTGAGE | Yes (X) | $70,000 | $70,000 | false | Yes (true) | Yes (true) |
| KATRINA FREEBURG | |||||||
| BOARD MEMBER | PRINCIPAL RESIDENCE MORTGAGE | Yes (X) | $25,000 | $25,000 | false | Yes (true) | Yes (true) |
| KATRINA FREEBURG | |||||||
| BOARD MEMBER | PRINCIPAL RESIDENCE MORTGAGE | Yes (X) | $30,000 | $12,057 | false | Yes (true) | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $349,382 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | HOMESIGHT CREATES AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES THROUGH ITS HOMEBUYER EDUCATION AND LENDING, AND REAL ESTATE DEVELOPMENT PROGRAMS. THESE PROGRAMS PRIMARILY SERVE LOW AND MODERATE INCOME, FIRST-TIME HOMEBUYERS IN SEATTLE, KING, PIERCE, AND SNOHOMISH COUNTIES. HOMESIGHT IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, CERTIFIED BY THE US DEPARTMENT OF TREASURY, AND IS A WASHINGTON STATE LICENSED CONSUMER LOAN COMPANY |
| FORM 990, PAGE 2, PART III, LINE 2 | IN 2020, THE ORGANIZATION RECIVED VARIOUS GRANTS FROM LOCAL ORGANIZATIONS AND GOVERNMENTS TO BE REDISBURSED TO ELIGIBLE SMALL BUSINESSES AND INDIVIDUALS FACING FORECLOSURE TO MITIGATE THE ECONOMIC IMPACT OF THE CORONAVIRUS PANDEMIC. |
| FORM 990, PAGE 2, PART III, LINE 4A | REAL ESTATE DEVELOPMENT: PART OF HOMESIGHT'S STRATEGY IS TO USE AFFORDABLE COMMERCIAL AND RESIDENTIAL REAL ESTATE DEVELOPMENT TO STIMULATE ECONOMIC GROWTH IN COMMUNITIES WHERE EQUITABLE INVESTMENT IS LAGGING AND BUILD HOUSEHOLD ASSETS FOR LOW INCOME AND FIRST-TIME HOME BUYERS. HOMESIGHT DEVELOPMENT ALSO PROVIDES PROJECT MANAGEMENT SERVICES TO COMMUNITY NONPROFIT ORGANIZATIONS TO ASSIST IN COMMUNITY DEVELOPMENT AND NEIGHBORHOOD REVITALIZATION ACTIVITIES. HOMESIGHT CONTINUES TO MANAGE THE REHAB AND REPLACEMENT OF MOBILE HOMES IN A LOW-INCOME SENIOR COMMUNITY IN PARTNERSHIP WITH THE HOUSING AUTHORITY OF SNOHOMISH COUNTY. HOMESIGHT IS THE LEAD DEVELOPER AND PROJECT MANAGER FOR THE TRANSIT- ORIENTED DEVELOPMENT OF OTHELLO SQUARE IN SEATTLE. HOMESIGHT COMPLETED THE FEASIBILITY AND IMPLEMENTATION PLAN FOR THE PROJECT IN 2017. THE GOALS OF THIS 215 MILLION PROJECT ARE TO PREVENT DISPLACEMENT OF THE HISTORIC RESIDENTS AND BUSINESSES IN THE OTHELLO NEIGHBORHOOD, TO CELEBRATE AND EMBRACE THE HERITAGE OF THE DIFFERENT CULTURES THAT COMPRISE THE SE SEATTLE COMMUNITY, AND TO PROVIDE TOOLS AND OPPORTUNITIES TO GUARANTEE THE LONG- TERM HEALTH AND SUCCESS OF THE ENTIRE COMMUNITY. WITH THE ASSISTANCE OF SEVERAL COMMUNITY-LED COALITIONS ACTIVELY INVOLVED IN EQUITABLE DEVELOPMENT IN SOUTHEAST SEATTLE, HOMESIGHT HAS BEEN LEADING A DEDICATED AND ROBUST COMMUNITY ENGAGEMENT PROCESS THROUGHOUT THE PROGRAM PLANNING TO ENSURE THAT THE OTHELLO SQUARE BEST MEETS THE NEEDS AND VISION OF THE COMMUNITY. HOMESIGHT SIGNED ALL FOUR PURCHASE AND SALE AGREEMENTS (PSAS) ON THE PROPERTIES IN 2018 FOR THE OTHELLO SQUARE PROJECT WITH THE SEATTLE HOUSING AUTHORITY (SHA). HOMESIGHT ALSO ENTERED INTO ASSIGNMENT AGREEMENTS FOR TWO OF THE PROPERTIES TO BE OWNED AND DEVELOPED AS PART OF THE PROJECT BY TWO LOCAL ORGANIZATIONS. THE ODESSA BROWN CHILDRENS CLINIC AND ORENDA APARTMENTS BUILDING BROKE GROUND IN NOVEMBER 2019 AND THE SALISH ELEMENTARY SCHOOL BROKE GROUND SUBSEQUENT TO YEAR END. BOTH ARE EXPECTED TO BE OPERATIONAL BY FALL OF 2021. PROPERTY PURCHASES FOR REMAINING TWO PSAS WILL BE FINALIZED ONCE ALL CLOSING CONDITIONS ARE MET. HOMESIGHT IS THE DEVELOPER FOR THE LOW-INCOME HOUSING COOPERATIVE WHICH IS SEEKING CONSTRUCTION FINANCING WITH EQUITY FROM LOCAL, STATE AND FEDERAL SOURCE SECURED IN PLACE. THIS PROJECT IS FULLY PERMITTED AND ENTITLED. THE LAST OF THE FOUR BUILDINGS ON THE OTHELLO SQUARE CAMPUS IS THE OPPORTUNITY CENTER. THE ENTITLEMENT AND FUNDRAISING PROCESS IS MORE THAN 50% COMPLETE FOR THE OPPORTUNITY CENTER. COMPLETION OF THE OPPORTUNITY CENTER AT OTHELLO SQUARE IS SLATED FOR 2023. |
| FORM 990, PAGE 2, PART III, LINE 4B | HOMEBUYER SERVICES & LENDING: HOMESIGHT'S HOMEBUYER EDUCATION AND COUNSELING PROGRAM SERVES NEARLY 1,000 HOUSEHOLDS ANNUALLY, INCLUDING NEW AND EXISTING CUSTOMERS. IN 2019 AND 2018, OF THESE CUSTOMERS, 69% AND 71%, RESPECTIVELY WERE AT OR BELOW 80% PERCENT OF THE AREA MEDIAN INCOME. HOMESIGHT'S MISSION IS TO SERVE PRIMARILY LOW AND MODERATE INCOME FAMILIES WISHING TO PURCHASE THEIR FIRST HOME, BUT AS A HUD-CERTIFIED HOUSING COUNSELING AGENCY, IT CANNOT DISCRIMINATE BASED ON INCOME. ITS HOMEBUYER PROGRAM CONSISTS OF ONE-ONONE COUNSELING, AND NO-COST CLASSES ON ACHIEVING THE DREAM OF HOMEOWNERSHIP, OR AN ONLINE BUYER EDUCATION CURRICULUM FOR A NOMINAL FEE. -- HOMESIGHT DEVELOPED ITS REVOLVING LOAN FUND IN 1991 TO ADDRESS LIMITED ASSISTANCE LOAN RESOURCES AND THE GROWING GAP BETWEEN FAMILY INCOMES AND HOME PRICES. IT OFFERS ASSISTANCE LOANS FUNDED BY PUBLIC AND PRIVATE INVESTMENTS TO PACKAGE HIGHLY COMPETITIVE AMORTIZING OR DEFERRED SECOND LOANS AND DEFERRED THIRD LOANS FOR LOW AND MODERATE INCOME HOMEBUYERS. THIS STRUCTURE ALLOWS HOMESIGHT TO MINIMIZE OR ELIMINATE THE REQUIREMENT FOR PRIVATE MORTGAGE INSURANCE FOR ITS CUSTOMERS THEREBY INCREASING THE BUYING POWER OF LOW AND MODERATE INCOME FIRST-TIME HOMEBUYERS. HOMESIGHT'S FIRST- TIME HOMEBUYER EDUCATION AND LENDING PROGRAMS CREATED 209 AND 111 FIRST- TIME HOMEBUYERS IN THIS MARKET IN 2019 AND 2018, RESPECTIVELY. IN 2017 THE REVOLVING LOAN FUND EXPANDED STATE-WIDE WITH 15% OF LOANS NOW ORIGINATED OUTSIDE THE SEATTLE METRO AREA. -- HOMESIGHT IS A CORRESPONDENT 1ST MORTGAGE LENDER TO THE WASHINGTON STATE HOUSING FINANCE COMMISSION A LOCAL COMMUNITY BANK, AND A NEIGHBORWORKS AMERICA PARTNER. IN 2019 HOMESIGHT ORIGINATED 11.8 MILLION IN 1ST MORTGAGE LOANS WITH ITS CAPITAL PRIMARILY FOR SUBSEQUENT SALE TO THESE LENDERS. THROUGH THESE CHANNELS HOMESIGHT PROVIDES QUALITY, LOW- DOWN-PAYMENT OPTIONS AND MORE FLEXIBLE CASE-BY-CASE UNDERWRITING THAT ALLOWS MANY MORTGAGE-ELIGIBLE CUSTOMERS TO ACCESS CREDIT THAT WOULD NOT BE AVAILABLE TO THEM OTHERWISE. -- IN 2016, HOMESIGHT BEGAN OFFERING A NEW LAYER OF FINANCING IN THE FORM OF FORGIVABLE DOWN PAYMENT ASSISTANCE LOANS WITH 4 MILLION AWARDED THROUGH THE NEIGHBORHOOD LIFT PROGRAM IN 2016. THESE ARE LOANS OF UP TO 7,500 (INCREASED TO 20,000 AS OF MID-2018), FORGIVEN OVER THREE YEARS FOR BUYERS UP TO 100% OF MEDIAN INCOME. THE MAJORITY OF THESE LOANS WILL BE FORGIVEN BY THE END OF 2020. SIMILARLY, HOMESIGHT ORIGINATES FORGIVABLE LOANS FUNDED BY THE FEDERAL HOME LOAN BANK OF DES MOINES. THESE LOANS OF 5,000 TO 7,500 ARE FORGIVEN OVER A 5-YEAR PERIOD. ALL FORGIVABLE LOANS ARE DISCOUNTED AT TIME OF ORIGINATION AND ARE NOT REFLECTED IN LOAN CHARGE OFFS. -- WITH A GRANT FROM THE ATTORNEY GENERALS OFFICE IN 2013, HOMESIGHT LAUNCHED A RESCUE LOAN PROGRAM, DESIGNED TO PREVENT FORECLOSURE TO AT RISK HOMEOWNERS. SINCE ITS INCEPTION, HOMESIGHT HAS ORIGINATED 287 FORECLOSURE PREVENTION RESCUE LOANS STATEWIDE VALUED AT OVER 6 MILLION. THESE ARE DEFERRED LOANS WITH AN INTEREST RATE BETWEEN 0-2% DEPENDING ON INCOME. ONLY 11 OF THESE FAMILIES LOST THEIR HOME TO A NEW FORECLOSURE (A 3.8% RATE) AND A SIGNIFICANT AMOUNT OF THESE FUNDS HAVE BEEN REPAID AND RE-LOANED BY HOMESIGHT. HOMESIGHT BEGAN ADMINISTERING A SIMILAR RESCUE LOAN PROGRAM FOR THE CITY OF SEATTLE IN 2019 AND WILL BE ADDING KING AND PIERCE COUNTY IN 2020. |
| FORM 990, PAGE 2, PART III, LINE 4C | COMMUNITY DEVELOPMENT: WITH A HISTORY OF CROSS-SECTOR COLLABORATION, EXPERTISE IN POLICY AND ADVOCACY, AND A TRACK RECORD OF EQUITABLE DEVELOPMENT, HOMESIGHT IS RECOGNIZED AS A CATALYTIC COMMUNITY LEADER. FOR 30 YEARS, HOMESIGHT HAS FACILITATED BEAUTIFICATION AND INFRASTRUCTURE IMPROVEMENT PROJECTS, MANAGED THE DEVELOPMENT OF CULTURAL CENTERS, SUPPORTED LOCAL BUSINESS ORGANIZATIONS, AND LED COALITIONS PROMOTING EQUITABLE GROWTH IN SOUTHEAST SEATTLE, THE CITYS MOST RACIALLY AND ETHNICALLY DIVERSE COMMUNITY. HOMESIGHT ESTABLISHED FOUR COMMUNITY DEVELOPMENT ACTIVITIES: 1) OTHELLO SQUARE COMMUNITY WORK GROUP (FORMERLY SOUTHEAST ECONOMIC OPPORTUNITY CENTER (SEOC)) A GROUP OF RESIDENTS, BUSINESS OWNERS, AND OTHER STAKEHOLDERS UNITED TO ENSURE THAT THE OTHELLO SQUARE REFLECTS THE COMMUNITYS NEED FOR A CULTURALLY RELEVANT DEVELOPMENT THAT PRIORITIZES EQUITABLE ACCESS TO HOUSING, EDUCATION AND EMPLOYMENT; 2) COMMUNITIES OF OPPORTUNITYA MULTI- YEAR EFFORT WITH MORE THAN 30 COMMUNITY BASED PARTNERS, FUNDED COLLABORATIVELY BY THE SEATTLE FOUNDATION AND THE KING COUNTY BEST STARTS FOR KIDS LEVY PROGRAM, TO IDENTIFY POLICY AND SYSTEMS SOLUTIONS TO IMPROVE HEALTH, HOUSING, AND ECONOMIC OPPORTUNITY, AND COMMUNITY CONNECTIONS IN SOUTHEAST SEATTLE; 3) OTHELLO FARM STAND/BEET BOX A UNIQUE PLACEMAKING PROJECT PROMOTES ENVIRONMENTAL AND NUTRITIONAL EDUCATION THROUGH SUPPORT OF LOCAL FARMERS AND MAKERS, 4) READY TO WORK (RTW) A PARTNERSHIP WITH COMMUNITY BASED ORGANIZATION PARTNERS AND AN ADULT BASIC EDUCATION LEARNING CENTER PROVIDING ELL COURSES AND JOB TRAINING AND PLACEMENT IN SOUTHEAST SEATTLE, IS NOW MERGING OUR PROGRAM WITH TWO OTHER PROGRAMS IN NORTH AND WEST SEATTLE, WHERE HOMESIGHT WILL CONTINUE TO SERVE AS THE LEAD AGENCY PROVIDING ADMINISTRATIVE SUPPORT. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE DRAFT FORM 990 IS PROVIDED TO ALL MEMBERS OF THE EXECUTIVE BOARD FOR REVIEW PRIOR TO FILING. IF TIMING ALLOWS, QUESTIONS MAY BE RAISED AT A BOARD MEETING PRIOR TO FILING; IF NOT, THE CFO IS AVAILABLE TO ANSWER ANY AND ALL QUESTIONS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE BOARD AND EMPLOYEES COMPLETE A CONFLICTS OF INTEREST STATEMENT ANNUALLY. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD PERIODICALLY REVIEWS THE TOP OFFICIAL'S COMPENSATION USING SURVEY DATA TO MAKE MODIFICATIONS AS NECESSARY. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE MANAGEMENT TEAM PERIODICALLY REVIEWS THE TOP OFFICIAL'S COMPENSATION USING SURVEY DATA TO MAKE MODIFICATIONS AS NECESSARY, AND BUDGETED SALARIES ARE SUBJECT TO BOARD APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE FINANCIAL STATEMENTS ARE INCLUDED IN HOMESIGHT'S ANNUAL REPORT THAT IS AVAILABLE TO THE PUBLIC. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | End Of Year AssetsEndOfYearAssetsAmt |
|---|---|---|---|---|---|---|---|---|---|
| 809 HIAWATHA PLACE LLC | |||||||||
| 5117 RAINIER AVE S | SEATTLE | WA | 98188 | 205328278 | DEVELOPM'T | WA | -$1,794 | HOMESIGHT | |
| 17TH AVENUE SW WHITE CENTER LLC | |||||||||
| 5117 RAINIER AVE S | SEATTLE | WA | 98188 | 260275863 | DEVELOPM'T | WA | HOMESIGHT | ||
| DAVIS PLACE LLC | |||||||||
| 5117 RAINIER AVE S | SEATTLE | WA | 98188 | 475610536 | DEVELOPM'T | WA | HOMESIGHT | ||
| COCO LLC | |||||||||
| 5117 RAINIER AVE S | SEATTLE | WA | 98188 | 320583276 | DEVELOPM'T | WA | $911,839 | HOMESIGHT | $5,866,925 |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOMESIGHT COMMUNITY DEVELOPMENT | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5117 RAINIER AVE S | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98118 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 824218470 | EIN |
| Primary Activities | CMTY DEV | PrimaryActivitiesTxt |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Exempt Code Section | 501C3 | ExemptCodeSectionTxt |
| Public Charity Status | 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOMESIGHT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | false | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LW II HOMESIGHT LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5117 RAINIER AVE S | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98118 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 464823390 | EIN |
| Primary Activities | LOW INCM | PrimaryActivitiesTxt |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOMESIGHT COMMUNITY DEVELOPMENT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | D | TransactionTypeTxt |
| Involved | $5,496,898 | InvolvedAmt |
| Method Of Amount Determination | CASH AMOUNT | MethodOfAmountDeterminationTxt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R | FormAndLineReferenceDesc |
| Explanation | SCHEDULE R, PART II, LINE 1: THE ORGANIZATION SHARES THE SAME BOARD OF DIRECTORS AS HOMESIGHT COMMUNITY DEVELOPMENT. SCHEDULE R, PART IV, LINE 1: LW II HOMESIGHT LLC ELECTED TO BE TREATED AS A CORPORATION AND IS 100% OWNED BY HOMESIGHT COMMUNITY DEVELOPMENT (SCHED R, PART II, LINE 1). | ExplanationTxt |