Edison Terrace South
- Assets
- $1.8m
- Revenue
- $96.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Kennewick, WA
- Founding
- 04/2009
- Data as of
- 06/2022
- EIN
- 26-4362933
Organization Overview
Edison Terrace South is located in Kennewick, WA. The organization was established in 2009. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edison Terrace South 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 06/2022, Edison Terrace South generated $96.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $181.0k during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONSTRUCT AND OPERATE A 15 UNIT APARTMENT COMPLEX TO PROVIDE HOUSING FOR VERY LOW INCOME PERSONS WITH DEVELOPMENTAL DISABILITITES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDISON TERRACE SOUTH WAS FORMED TO CONSTRUCT AND OPERATE A 15 UNIT APARTMENT COMPLEX FOR VERY LOW INCOME PERSONS WITH DEVELOPMENTAL DISABILITITES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Barchet President | OfficerTrustee | 3 | $0 |
Al Haffner Treasurer | OfficerTrustee | 2 | $0 |
Carl Gustafson Vice President | OfficerTrustee | 1 | $0 |
Paul Cross Secretary | OfficerTrustee | 2 | $0 |
Betty Quinn Director | Trustee | 1 | $0 |
Jan Griffin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,075 |
| Total Program Service Revenue | $49,320 |
| Investment income | $58 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,453 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,698 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,876 |
| Payroll taxes | $2,252 |
| Fees for services: Management | $10,108 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,724 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,047 |
| Insurance | $7,908 |
| All other expenses | $0 |
| Total functional expenses | $181,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $316 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,985 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $595 |
| Net Land, buildings, and equipment | $1,721,668 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,014 |
| Total assets | $1,781,578 |
| Accounts payable and accrued expenses | $4,858 |
| Grants payable | $0 |
| Deferred revenue | $716 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,580 |
| Total liabilities | $10,154 |
| Net assets without donor restrictions | -$978,869 |
| Net assets with donor restrictions | $2,750,293 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,781,578 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tlingit-Haida Regional Housing Authority Juneau, AK | $88,312,618 | $28,266,684 |
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Habitat For Humanity International Inc Bend, OR | $14,216,100 | $11,437,404 |
Innovative Housing Inc Portland, OR | $72,167,425 | $8,053,529 |
Rose Community Development Corporation Portland, OR | $45,929,125 | $4,147,023 |
Columbia Cascade Housing Corporation The Dalles, OR | $26,545,459 | $3,977,861 |
Community Partners For Affordable Housing Tigard, OR | $29,986,925 | $5,745,574 |
Homeownership Center Of Tacoma Tacoma, WA | $2,760,083 | $2,293,969 |
Supportive Housing And Innovative Partnerships Inc Boise, ID | $1,739,165 | $2,561,877 |
Golden Opportunity Living Development Tacoma, WA | $5,413,206 | $1,758,342 |
Southeast Seattle Senior Foundation Seattle, WA | $6,759,619 | $1,644,540 |
Council House Inc Seattle, WA | $4,818,293 | $2,290,756 |