Seattle Community Investments
- Assets
- $38.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 04/2008
- Data as of
- 12/2020
- EIN
- 20-3317176
Organization Overview
Seattle Community Investments is located in Seattle, WA. The organization was established in 2008. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle Community Investments is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Seattle Community Investments generated $172.0 in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $152.7k during the year ending 12/2020. While expenses have increased by 16.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
THE CORPORATION WAS THE RECIPIENT OF AN ALLOCATION OF NEW MARKETS TAX CREDITS AS PART OF THE NEW MARKETS TAX CREDIT PROGRAM, PURSUANT TO SECTION 45D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). THE ALLOCATION WAS SUB-ALLOCATED TO A SUBSIDIARY COMMUNITY DEVELOPMENT ENTITY, SEATTLE COMMUNITY INVESTMENTS SUB-CDE I, LLC, WHICH IN TURN RECEIVED QUALIFIED EQUITY INVESTMENTS TO MAKE LOANS TO QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESSES ("QALICBS "), AS DEFINED IN THE CODE.FIVE LOANS IN TOTAL WERE MADE AT INTEREST RATES BELOW MARKET INTEREST RATES. RECIPIENTS INCLUDED NEIGHBORHOOD HOUSE HIGH POINT QALICB, YWCA GREENBRIDGE, LLC AND THE YOUNG WOMEN'S SERVICE ASSOCIATION OF SEATTLE-KING COUNTY ALL RECIPIENTS QUALIFIED AS QALICBS, AS DEFINED IN THE CODE PROCEEDS OF THE LOANS ARE USED TO REVITALIZE AND BENEFIT THE LOW-INCOME COMMUNITIES IN WHICH THEY OPERATE.
THE CORPORATION WAS THE RECIPIENT OF AN ALLOCATION OF NEW MARKETS TAX CREDITS AS PART OF THE NEW MARKETS TAX CREDIT PROGRAM, PURSUANT TO SECTION 45D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). THE ALLOCATION WAS SUB-ALLOCATED TO A SUBSIDIARY COMMUNITY DEVELOPMENT ENTITY, SEATTLE COMMUNITY INVESTMENTS SUB-CDE I, LLC, WHICH IN TURN RECEIVED QUALIFIED EQUITY INVESTMENTS TO MAKE LOANS TO QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESSES ("QALICBS "), AS DEFINED IN THE CODE.FIVE LOANS IN TOTAL WERE MADE AT INTEREST RATES BELOW MARKET INTEREST RATES. RECIPIENTS INCLUDED NEIGHBORHOOD HOUSE HIGH POINT QALICB, YWCA GREENBRIDGE, LLC AND THE YOUNG WOMEN'S SERVICE ASSOCIATION OF SEATTLE-KING COUNTY ALL RECIPIENTS QUALIFIED AS QALICBS, AS DEFINED IN THE CODE PROCEEDS OF THE LOANS ARE USED TO REVITALIZE AND BENEFIT THE LOW-INCOME COMMUNITIES IN WHICH THEY OPERATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorene Cornwell President | 0.3 | $0 | |
Andrew Lofton Vice President | 1 | $0 | |
Jared Cummer Secretary /treasurer | 2 | $0 | |
Debbie Thiele Ex-Officio (left Before Ye) | 0.3 | $0 | |
Paul Purcell Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $172 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $172 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,661 |
| Total expenses | $152,661 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,916 |
| Other assets | $0 |
| Total assets | $38,662 |
| Total liabilities | $3,715 |
| Net assets or fund balances | $34,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-Willamette Valley Community Action Agency Inc Salem, OR | $25,806,708 | $62,767,748 |
Coastal Villages Region Fund Anchorage, AK | $305,962,388 | $71,340,049 |
Rural Alaska Community Action Program Inc Anchorage, AK | $41,385,043 | $27,905,721 |
Human Solutions Inc Portland, OR | $41,573,265 | $24,704,381 |
Metropolitan Development Council Tacoma, WA | $25,355,306 | $24,051,543 |
Aleutian-Pribilof Islands Anchorage, AK | $38,968,570 | $29,437,372 |
Friends Of Seattle Waterfront Seattle, WA | $32,295,569 | $18,451,565 |
Yakima County Development Association Yakima, WA | $2,653,869 | $12,280,886 |
Association Of Washington Cities Olympia, WA | $23,978,792 | $13,838,038 |
Hacienda Community Development Corporation Portland, OR | $42,129,547 | $14,753,048 |
Klamath-Lake Community Action Services Klamath Falls, OR | $1,233,106 | $7,011,875 |
The Contingent Portland, OR | $16,984,824 | $8,759,620 |