Special Projects And Creative Energies
- Assets
- $104.3m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/1986
- Data as of
- 12/2022
- EIN
- 91-1218391
Organization Overview
Special Projects And Creative Energies is located in Seattle, WA. The organization was established in 1986. 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. Special Projects And Creative Energies 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, Special Projects And Creative Energies generated $4.2m in total revenue. All expenses for the organization totaled $3.4m during the year ending 12/2022. While expenses have increased by 232.4% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE SEATTLE HOUSING AUTHORITY RECEIVED APPROVAL FROM THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TO CONVERT 228 ELIGIBLE SCATTERED SITE UNITS UNDER SECTION 18 OF THE HOUSING ACT. THE PROPERTIES WERE TRANSFERRED TO THE FOUNDATION IN 2021 AND THE FOUNDATION BEGAN OPERATING THE PROJECTS, IN ACCORDANCE WITH THE FOUNDATION'S PURPOSE TO RELIEVE THE SERIOUS SHORTAGE OF HOUSING FOR LOW-INCOME PERSONS AND FAMILIES IN THE STATE OF WASHINGTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Thiele Chair | 0.5 | $0 | |
Rod Brandon Secretary-Treasurer | 0.5 | $0 | |
Paula Houston Member | 0.5 | $0 | |
Robert Cruthfield Member | 0.5 | $0 | |
Paul Purcell Member | 0.5 | $0 | |
Gerald Smiley Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,978,840 |
| Interest on Savings | $6,452 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,227,954 |
| Total Revenue | $4,213,246 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $237,852 |
| Pension plans, employee benefits | $94,267 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,443 |
| Occupancy | $943,387 |
| Travel, conferences, and meetings | $97 |
| Printing and publications | $0 |
| Other expenses | $1,852,183 |
| Total operating and administrative expenses | $3,410,599 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,410,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,519,099 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $41,829 |
| Net Pledges Receivable | $0 |
| Grants receivable | $100,640,344 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $90,745 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $316,709 |
| Other assets | $671,713 |
| Total assets | $104,280,439 |
| Accounts payable and accrued expenses | $474,760 |
| Grants payable | $0 |
| Deferred revenue | $42,996 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $107,975 |
| Total liabilities | $625,731 |