Lasa
- Assets
- $5.1m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 20
- Location
- Lakewood, WA
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 91-1470619
Organization Overview
Lasa is located in Lakewood, WA. The organization was established in 1992. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Lasa employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lasa 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, Lasa generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $6.6m during the year ending 12/2021. While expenses have increased by 35.5% 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
PROVIDE TRANSITIONAL AND EMERGENCY SHELTER TO HOMELESS FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING-LASA PROVIDES HOUSING TO FAMILIES EXPERIENCING HOMELESSNESS WITH THE PROVISION OF:EMERGENCY SHELTER, PERMANENT HOUSING, SHELTER, RAPID RE-HOUSING, AND PERMANENT SUPPORTIVE HOUSING.THIS COMES WITH UTILITIES, FURNISHINGS, ACCESS TO ESSENTIAL NEEDS CLOSET, AND DIAPER CORNER.COMPLEMENTARY SERVICES:THANKSGIVING, CHRISTMAS MEAL, AND GIFT PROGRAMTRANSPORTATION: HELP WITH GETTING TOO MEDICAL AND COURT APPOINTMENTSBUS PASSESPREVENTION:SERVICES PROVIDED AT LASAS CLIENT SERVICE CENTER HELPED OVER 750 INDIVIDUALS AND HOUSEHOLDS:PAYMENT OF WATER BILLACCESS TO ESSENTIAL NEEDS CLOSETVOUCHERS FOR WORK CLOTHES AT GOODWILLBUS VOUCHERSEMERGENCY RENT ASSISTANCEEMERGENCY MOVE IN COSTSOVER $1.5M WAS PROVIDED IN COVID 19 RENTAL RELIEF SUPPORTING 969 HOUSEHOLDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janne Hutchins Executive Direc | Officer | 40 | $105,775 |
Walt Sommers Ph D President | OfficerTrustee | 3 | $0 |
Holly Lu Vice President | OfficerTrustee | 3 | $0 |
Kamarie Wilson Treasurer | OfficerTrustee | 3 | $0 |
Tracy Bowens Secretary | OfficerTrustee | 2 | $0 |
Margaret Kraft Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,504,985 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,279 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,609,264 |
| Total Program Service Revenue | $363,337 |
| Investment income | $667 |
| 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 | $6,973,268 |
| 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 | $5,622,839 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,736 |
| Compensation of current officers, directors, key employees. | $49,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $294,474 |
| Pension plan accruals and contributions | $2,169 |
| Other employee benefits | $36,698 |
| Payroll taxes | $36,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,515 |
| Advertising and promotion | $481 |
| Office expenses | $33,109 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,078 |
| Travel | $3,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,626 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,180 |
| Insurance | $2,481 |
| All other expenses | $0 |
| Total functional expenses | $6,555,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,742 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $606,789 |
| 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 | $17,167 |
| Net Land, buildings, and equipment | $4,271,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,250 |
| Total assets | $5,138,339 |
| Accounts payable and accrued expenses | $929,440 |
| 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 | $902,093 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,777 |
| Total liabilities | $1,857,310 |
| Net assets without donor restrictions | $3,281,029 |
| Net assets with donor restrictions | $0 |
| 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 | $5,138,339 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lasa has recieved totaling $57,045.
| Awarding Organization | Amount |
|---|---|
United Way Of Pierce County Tacoma, WA PURPOSE: Program Support | $30,000 |
Puget Sound Energy Foundation Wilmington, DE PURPOSE: GENERAL SUPPORT - PSE FOUNDATION SHELTER AND UNHOUSED PROGRAM | $25,000 |
Molina Healthcare Charitable Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cascade Housing Association Springfield, OR | $88,351,612 | $13,257,660 |
Lasa Lakewood, WA | $5,138,339 | $6,973,268 |
Metro Multifamily Housing Association Tigard, OR | $453,346 | $2,561,856 |
Oregon Association Of Realtors Salem, OR | $11,114,109 | $4,667,767 |
Seattle-King County Association Of Realtors Bellevue, WA | $6,650,634 | $2,261,145 |
Rental Housing Association Of Puget Sound Seattle, WA | $1,686,900 | $1,872,304 |
Home Builders Association Of Tri Cities Washington Kennewick, WA | $3,820,645 | $920,160 |
Spokane Home Builders Association Spokane Valley, WA | $1,176,189 | $1,045,531 |
Tacoma-Pierce County Association Of Realtors Tacoma, WA | $2,565,474 | $783,872 |
Home Builders Association Of Marion & Polk Counties Salem, OR | $1,453,576 | $853,697 |
Sigma Tau Of Kappa Delta Housing Association Pullman, WA | $1,250,902 | $680,559 |
University Congregational Housing Association Seattle, WA | $0 | $0 |