Tacoma Housing Development Group
- Assets
- $14.8m
- Revenue
- $489.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 81-0557198
Organization Overview
Tacoma Housing Development Group is located in Tacoma, WA. The organization was established in 2002. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, 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. Tacoma Housing Development Group 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 12/2021, Tacoma Housing Development Group generated $489.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $665.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST AND PERFORM THE FUNCTIONS AND PURPOSES OF THE TACOMA HOUSING AUTHORITY TO SUPPORT AND DEVELOP SAFE AND AFFORDABLE HOUSING FOR LOW-INCOME PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL, CHARITABLE, RELIGIOUS, SCIENTIFIC, AND/OR LITERARY PURPOSES. THE CORPORATION IS ORGANIZED FOR THE BENEFIT OF CARRYING OUT THE PURPOSES OF THE HOUSING AUTHORITY OF THE CITY OF TACOMA, A SECTION 509(A)(1) PUBLICLY-SUPPORTED ORGANIZATION INCUDING PARTICULAR FOSTERING OF LOW-INCOME HOUSING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Deitz Treasurer | Officer | $0 | |
Sandy Burgess Vice Preside | Officer | $0 | |
Stan Rumbaugh President | Officer | $0 | |
Roberta Schur Secretary | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $850 |
| All other contributions, gifts, grants, and similar amounts not included above | $449,228 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,078 |
| Total Program Service Revenue | $22,647 |
| Investment income | $16,411 |
| 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 | $489,136 |
| 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 | $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 | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,528 |
| Office expenses | $2,441 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,787 |
| All other expenses | $0 |
| Total functional expenses | $665,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $831,378 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,681 |
| 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 | $1,327 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $13,903,266 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,787,652 |
| Accounts payable and accrued expenses | $10,603 |
| Grants payable | $0 |
| Deferred revenue | $425,886 |
| 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 | $436,489 |
| Net assets without donor restrictions | $14,170,398 |
| Net assets with donor restrictions | $180,765 |
| 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 | $14,787,652 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Tacoma Housing Development Group has recieved totaling $155,005.
| Awarding Organization | Amount |
|---|---|
Greater Tacoma Community Foundation Tacoma, WA PURPOSE: OPERATING SUPPORT, PROGRAM SUPPORT | $105,000 |
Foundation For Tacoma Students Tacoma, WA PURPOSE: CHAP FTE GATES | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedarsinai Park Foundation Portland, OR | $11,831,059 | $2,143,357 |
Lighthouse Mission Ministries Foundation Bellingham, WA | $10,813,523 | $868,092 |
Nhs Community Services Llc Boise, ID | $2,590,667 | $1,243,874 |
Chelan Valley Housing Trust Chelan, WA | $943,311 | $1,284,745 |
Ahsc Qalicb Portland, OR | $14,353,857 | $611,073 |
Gateway Qalicb Inc Portland, OR | $10,874,469 | $662,931 |
Tacoma Housing Development Group Tacoma, WA | $14,787,652 | $489,136 |
Terwilliger Plaza Foundation Inc Portland, OR | $8,522,441 | $861,085 |
Sabala International Center Tacoma, WA | $19,322 | $359,125 |
New Riley House Portland, OR | $9,889,916 | $1,500 |
Ansil A New Start In Life Kennewick, WA | $4,812 | $0 |
Rock Of Ages Endowment Inc Mcminnville, OR | $543,757 | $30,772 |