Whatcom-Skagit Housing
- Assets
- $4.6m
- Revenue
- $717.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Bellingham, WA
- Founding
- 05/1978
- Data as of
- 12/2021
- EIN
- 91-1005103
Organization Overview
Whatcom-Skagit Housing is located in Bellingham, WA. The organization was established in 1978. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Whatcom-Skagit Housing employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whatcom-Skagit Housing 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, Whatcom-Skagit Housing generated $717.1k 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 $586.7k during the year ending 12/2021. While expenses have increased by 0.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE LIVING CONDITIONS OF WHATCOM AND SKAGIT COUNTY FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED ASSISTANCE TO LOW-INCOME HOMEOWNERS BY OFFERING SUPERVISION AND COORDINATION OF CONSTRUCTION SERVICES WHILE HOMES WERE BEING BUILT. THE ORGANIZATION ALSO BUYS AND SELLS LOTS TO LOW-INCOME INDIVIDUALS. DURING 2021, THE ORGANIZATION SOLD 9 OF ITS DEVELOPED LOTS TO LOW-INCOME INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Menkee Executive Director | Officer | 40 | $61,751 |
Nolan Scott President | OfficerTrustee | 1 | $0 |
Sue Sturgill Vice President | OfficerTrustee | 1 | $0 |
Jon Mutchler Secretary | OfficerTrustee | 1 | $0 |
John Worlund Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $605,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,250 |
| Noncash contributions included in lines 1a–1f | $3,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $608,750 |
| Total Program Service Revenue | $15,000 |
| Investment income | $15,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,223 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $717,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $756 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,984 |
| Compensation of current officers, directors, key employees. | $15,496 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $263,322 |
| Pension plan accruals and contributions | $18,789 |
| Other employee benefits | $85,289 |
| Payroll taxes | $40,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $882 |
| Fees for services: Accounting | $34,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $733 |
| Advertising and promotion | $7,044 |
| Office expenses | $3,122 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,309 |
| Travel | $205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,647 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,273 |
| All other expenses | $0 |
| Total functional expenses | $586,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,623,428 |
| Savings and temporary cash investments | $808,695 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $238,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,974 |
| Net Land, buildings, and equipment | $1,883,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,363 |
| Total assets | $4,587,356 |
| Accounts payable and accrued expenses | $24,889 |
| Grants payable | $0 |
| Deferred revenue | $24,669 |
| 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 | $649,605 |
| Total liabilities | $699,163 |
| Net assets without donor restrictions | $3,266,193 |
| Net assets with donor restrictions | $622,000 |
| 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 | $4,587,356 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Snap Financial Access Spokane, WA | $12,956,127 | $5,481,674 |
Housing Resources Bainbridge Bainbridge Island, WA | $8,136,820 | $1,791,113 |
Heat Oregon Portland, OR | $2,927,868 | $1,655,425 |
Whatcom-Skagit Housing Bellingham, WA | $4,587,356 | $717,109 |
Nhs Lending Inc Boise, ID | $6,052,045 | $1,544,726 |
Oregon Training Institute Salem, OR | $35,093 | $157,071 |
Fortify Families Beaverton, OR | $629 | $0 |
Helping Hands Team Milton, WA | $556,939 | $106,880 |
Community Housing Services Albany, OR | $0 | $122,045 |
Fort Love-It Affordable Solutions Housing La Center, WA | $0 | $0 |