Community Roots Holding Foundation
- Assets
- $1.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Seattle, WA
- Founding
- 12/2010
- Data as of
- 12/2022
- EIN
- 27-1682190
Organization Overview
Community Roots Holding Foundation is located in Seattle, WA. The organization was established in 2010. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Community Roots Holding Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Roots Holding Foundation 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 12/2022, Community Roots Holding Foundation generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Community Roots Holding Foundation has awarded 21 individual grants totaling $13,092,430. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUSTAIN OPERATIONS AND SUPPORT SPECIFIC INITIATIVES OF COMMUNITY ROOTS HOUSING (FORMERLY CAPITOL HILL HOUSING).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION UNDERTAKES ANNUAL FUNDRAISING FOR UNRESTRICTED FUNDS TO SUPPORT COMMUNITY ROOTS GENERAL OPERATING NEEDS AS WELL AS RESTRICTED FUNDING TO SUPPORT COMMUNITY ROOTS PROGRAMS. UNRESTRICTED FUNDS SUPPORT COMMUNITY ROOTS' CORE ACTIVITIES IN THE SEATTLE AREA BUILDING NEW AFFORDABLE HOMES FOR LOWINCOME INDIVIDUALS AND FAMILIES AS WELL AS OPERATING AND MAINTAINING AN EXISTING PORTFOLIO OF OVER 1,500 AFFORDABLE HOMES FOR OVER 2,000 RESIDENTS.
IN ADDITION TO ANNUAL FUNDRAISING FOR ONGOING PROGRAMS AND GENERAL OPERATIONS, THE FOUNDATION ALSO SUPPORTS SPECIAL INITIATIVES OF COMMUNITY ROOTS HOUSING. THE FOUNDATION LAUNCHED A TARGETED FUNDRAISING CAMPAIGN, THE HOUSING STABILIZATION FUND. MANY HOUSEHOLDS IN THE SEATTLE AREA CONTINUE TO FACE HOUSING INSECURITY AND FINANCIAL UNCERTAINTY EXACERBATED BY THE COVID-19 PANDEMIC. FOR THOSE LIVING ON LOW INCOMES, THE FINANCIAL IMPACTS OF THE PANDEMIC ARE FAR FROM OVER, THEREFORE WE ARE ACTIVELY RAISING FUNDS FOR RENTAL ASSISTANCE FOR OUR RESIDENTS. BEYOND THESE EFFORTS, THE FOUNDATION IS THE BACKBONE ORGANIZATION FOR A COLLABORATIVE $45 MILLION CAPITAL CAMPAIGN CALLED RISE TOGETHER, WHICH KICKED OFF IN DECEMBER 2017. THE CAMPAIGN, LED BY SIX PARTNER ORGANIZATIONS, IS SUPPORTING SIX EQUITABLE DEVELOPMENT PROJECTS IN THE SEATTLE AREA THAT ADDRESS URGENT NEIGHBORHOOD ISSUES INCLUDING HOUSING AFFORDABILITY, DISPLACEMENT, COMMUNITY HEALTH, ECONOMIC DEVELOPMENT, AND CULTURAL PRESERVATION. MUCH OF THE CAPITAL FUNDS ARE FLOWING THROUGH THE FOUNDATION, THOUGH A SIGNIFICANT PORTION IS ALSO BEING SECURED BY CAMPAIGN PARTNERS. THE CAMPAIGN HAS LED TO THE LARGEST PRIVATE GIFTS IN THE FOUNDATION'S HISTORY, INCLUDING MULTI-MILLION-DOLLAR GRANTS.
THE FOUNDATION MOBILIZES BOTH RESTRICTED FUNDS TO SUPPORT COMMUNITY ROOTS HOUSING'S RESIDENT SERVICES PROGRAM. RESIDENT SERVICES PARTNERS WITH RESIDENTS TO ENCOURAGE SUCCESSFUL TENANCY AND HOUSING STABILITY THROUGH RESOURCE AND REFERRAL SERVICES, SUPPORTIVE PROGRAMMING, AND COMMUNITY ENGAGEMENT OPPORTUNITIES. THE PROGRAM IS GROUNDED IN THE BELIEF THAT WHEN RESIDENTS HAVE ACCESS TO SERVICES AND SUPPORT, THEY NEED TO THRIVE AND NOT JUST SURVIVE, IT CREATES CASCADING IMPACTS OF HOUSING STABILITY, RESILIENCY, AND COMMUNITY CONNECTEDNESS.
THE FOUNDATION ALSO MOBILIZES RESTRICTED FUNDS TO SUPPORT THE CAPITOL HILL ECODISTRICT, A COMMUNITY-DRIVEN INITIATIVE THAT PROMOTES AN ENVIRONMENTALLY RESILIENT, SOCIALLY EQUITABLE, AND CULTURALLY VIBRANT NEIGHBORHOOD IN SEATTLE'S CENTER CITY. THE ECODISTRICT PARTNERS WITH A RANGE OF COMMUNITY STAKEHOLDERS, INCLUDING RESIDENTS, SMALL BUSINESSES, COMMUNITY ORGANIZATIONS, CITY OF SEATTLE AGENCIES, AND MAJOR INSTITUTIONS TO TEST INNOVATIVE SOLUTIONS TO THE LIVABILITY AND SUSTAINABILITY CHALLENGES OF THE MOST DENSELY POPULATED URBAN VILLAGE IN THE PACIFIC NORTHWEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josephine Wong President | OfficerTrustee | 5 | $0 |
Cassandra Mitchell Vice President | OfficerTrustee | 3 | $0 |
Jeff Reibman Secretary | OfficerTrustee | 3 | $0 |
Margaux Eng Treasurer | OfficerTrustee | 3 | $0 |
Margaret Pak Enslow Immediate Past President | OfficerTrustee | 3 | $0 |
Briana Evans Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $461,456 |
| Related organizations | $0 |
| Government grants | $160,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,914,917 |
| Noncash contributions included in lines 1a–1f | $69,287 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,536,373 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$78,912 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,457,461 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,721,192 |
| 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. | $68,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $46,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,404 |
| Advertising and promotion | $10,235 |
| Office expenses | $9,015 |
| Information technology | $5,469 |
| Royalties | $0 |
| Occupancy | $64 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,811 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,995 |
| All other expenses | $0 |
| Total functional expenses | $1,990,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $754,986 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $849,610 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,604,596 |
| Accounts payable and accrued expenses | $74,756 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $74,756 |
| Net assets without donor restrictions | $378,836 |
| Net assets with donor restrictions | $1,151,004 |
| 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 | $1,604,596 |
Grants Awarded
Over the last fiscal year, Community Roots Holding Foundation has awarded $1,654,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY ROOTS HOUSING PURPOSE: SUPPORTING THE GENERAL OPERATIONS OF COMMUNITY ROOTS HOUSING, A PUBLIC DEVELOPMENT AUTHORITY. ADDITIONALLY, TO SUPPORT THE CAPITAL FUNDING OF RISE TOGETHER PROJECTS. | $1,474,500 |
BYRD BARR PLACE PURPOSE: PROVIDING SAFETY-NET SERVICESFOOD, SHELTER, WARMTH AND FINANCIAL TOOLSTO SEATTLE RESIDENTS IN NEED. AT THE SAME TIME, BBP CAPITALIZES ON THEIR DEEP KNOWLEDGE OF OUR COMMUNITY AS WE WORK TO EFFECT SYSTEMIC CHANGE. THE VISION THAT GUIDES THIS WORK IS OF A STRONG AND VIBRANT COMMUNITY, WHERE ALL PEOPLE HAVE ACCESS TO THE BASIC HUMAN NEEDS AND OPPORTUNITIES THAT SUPPORT THEIR HEALTH, WELL-BEING AND PROSPERITY AND THAT ENABLE THEM TO ATTAIN THEIR FULL POTENTIAL. IN SHORT, EQUITY FOR ALL. | $120,000 |
SOUTHWEST YOUTH AND FAMILY SERVICES PURPOSE: CAPACITY BUILDING AS PART OF THE RISE TOGETHER CAMPAIGN. | $45,000 |
AFRICA COMMUNITY LAND TRUST PURPOSE: AFRICATOWN COMMUNITY LAND TRUST IS WORKING FOR COMMUNITY OWNERSHIP OF LAND IN THE CENTRAL DISTRICT THAT CAN SUPPORT THE CULTURAL AND ECONOMIC THRIVING OF PEOPLE WHO ARE PART OF THE AFRICAN DIASPORA IN THE GREATER SEATTLE REGION. | $15,000 |