Methow Housing Tr
- Assets
- $12.0m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Winthrop, WA
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 82-0855915
Organization Overview
Methow Housing Tr is located in Winthrop, WA. The organization was established in 2017. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Methow Housing Tr employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methow Housing Tr 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, Methow Housing Tr generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.7% each year . All expenses for the organization totaled $226.4k during the year ending 12/2021. While expenses have increased by 33.4% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE METHOW HOUSING TRUST DEVELOPS AND PRESERVES AFFORDABLE, QUALITY HOUSING FOR RESIDENTS OF THE METHOW VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MHT HOME-OWNERSHIP PROGRAM AIMS TO HELP BRIDGE THE GAP BETWEEN THE RISING COST OF METHOW VALLEY HOMES AND THE MODEST WAGES MANY LOCAL RESIDENTS LIVE ON BY DEVELOPING AND MANAGING AFFORDABLE HOME-OWNERSHIP OPPORTUNITIES. MHT PROVIDES SUBSIDIZED HOUSING, HOME-OWNERSHIP EDUCATION AND COMMUNITY PLANNING THROUGH ITS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danica Ready Executive Director | OfficerTrustee | 35 | $73,086 |
Rocklyn Culp Vice President | OfficerTrustee | 5 | $0 |
Simon Windell Chief Operating Officer | OfficerTrustee | 36 | $0 |
Teresa Mitchell Secretary | OfficerTrustee | 3 | $0 |
Phil Davis President And Treasurer | OfficerTrustee | 5 | $0 |
Chris Moore Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,451,854 |
| Noncash contributions included in lines 1a–1f | $1,540,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,451,854 |
| Total Program Service Revenue | $17,021 |
| Investment income | $2,028 |
| 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 | -$254,449 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,216,454 |
| 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. | $36,961 |
| Compensation of current officers, directors, key employees. | $9,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,131 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,936 |
| Payroll taxes | $11,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,654 |
| Fees for services: Other | $14,310 |
| Advertising and promotion | $157 |
| Office expenses | $928 |
| Information technology | $3,890 |
| Royalties | $0 |
| Occupancy | $20,847 |
| Travel | $1,406 |
| 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 | $180 |
| Insurance | $6,157 |
| All other expenses | $9,931 |
| Total functional expenses | $226,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $888,546 |
| Savings and temporary cash investments | $238,834 |
| Pledges and grants receivable | $6,669,410 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $47,878 |
| Inventories for sale or use | $1,260,324 |
| Prepaid expenses and deferred charges | $1,459 |
| Net Land, buildings, and equipment | $90 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,888,436 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,994,977 |
| Accounts payable and accrued expenses | $89,609 |
| 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 | $22,065 |
| Total liabilities | $111,674 |
| Net assets without donor restrictions | $10,504,322 |
| Net assets with donor restrictions | $1,378,981 |
| 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 | $11,994,977 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Methow Housing Tr has recieved totaling $902,895.
| Awarding Organization | Amount |
|---|---|
Moccasin Lake Foundation wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $209,500 |
Community Foundation Of North Central Washington Wenatchee, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $116,390 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT; TO SUPPORT THE CAPITAL CAMPAIGN | $75,000 |
Campion Foundation Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plymouth Housing Group Seattle, WA | $309,732,107 | $48,610,871 |
Reach Community Development Inc Portland, OR | $100,210,196 | $29,644,026 |
Archdiocesan Housing Authority Seattle, WA | $126,256,041 | $25,902,954 |
Herons Key Redmond, WA | $136,208,870 | $21,024,453 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |
Habitat For Humanity International Renton, WA | $48,435,558 | $16,565,200 |
Umpqua Community Development Corporation Roseburg, OR | $52,044,965 | $9,776,284 |
Northwest Real Estate Capital Corporation Boise, ID | $42,438,639 | $10,028,848 |
Bienestar Inc Hillsboro, OR | $44,494,101 | $8,073,400 |
Sequoia Mental Health Services Inc Beaverton, OR | $13,233,092 | $9,043,542 |