Washington Community Reinvestment Association
- Assets
- $122.7m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Seattle, WA
- Founding
- 06/1996
- Data as of
- 09/2022
- EIN
- 91-1522679
Organization Overview
Washington Community Reinvestment Association is located in Seattle, WA. The organization was established in 1996. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Washington Community Reinvestment Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Community Reinvestment Association 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 09/2022, Washington Community Reinvestment Association generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $6.2m during the year ending 09/2022. While expenses have increased by 0.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING IN WASHINGTON STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PERMANENT FINANCING AND TECHNICAL ASSISTANCE TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING AND REALTY-BASED ECONOMIC DEVELOPMENT IN WASHINGTON. ESTABLISHED TO ASSIST POTENTIAL BORROWERS IN OBTAINING PERMANENT FINANCING FOR MULTI-FAMILY PROJECTS VIA LOANS PARTICIPATED IN BY WCRA'S MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Duren President | OfficerTrustee | 40 | $212,376 |
Dulcie Claassen Vice President | Officer | 40 | $170,214 |
Angel Ratliff Assistant Vice President | Officer | 40 | $103,827 |
Michael Dotson Vice-Chair (thru 2/22) | OfficerTrustee | 0.5 | $0 |
Bob Powers Treasurer (thru 2/22), Vice-Chair | OfficerTrustee | 0.5 | $0 |
Christine Roveda Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500 |
| Total Program Service Revenue | $6,448,404 |
| Investment income | $19,940 |
| 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 | $6,470,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $569,851 |
| Compensation of current officers, directors, key employees. | $131,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,783 |
| Pension plan accruals and contributions | $121,873 |
| Other employee benefits | $10,100 |
| Payroll taxes | $53,899 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,500 |
| Fees for services: Accounting | $57,054 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $417,637 |
| Advertising and promotion | $4,632 |
| Office expenses | $31,228 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,765 |
| Travel | $2,684 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,601 |
| Interest | $4,624,674 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,691 |
| Insurance | $35,214 |
| All other expenses | $6,129 |
| Total functional expenses | $6,218,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,348,155 |
| Savings and temporary cash investments | $2,304,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $637,813 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,751,867 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,428 |
| Net Land, buildings, and equipment | $9,724 |
| Investments—publicly traded securities | $561 |
| Investments—other securities | $0 |
| Investments—program-related | $108,676,456 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $122,749,409 |
| Accounts payable and accrued expenses | $294,674 |
| Grants payable | $8,981,211 |
| 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 | $107,354,383 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $406,984 |
| Total liabilities | $117,037,252 |
| Net assets without donor restrictions | $5,712,157 |
| 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 | $122,749,409 |
Grants Awarded
Over the last fiscal year, Washington Community Reinvestment Association has awarded $10,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: Affordable Housing | $5,500 |
Seattle, WA PURPOSE: Affordable Housing | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Washington Community Reinvestment Association has recieved totaling $4,501,470.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: CREATING/PRESERVING AFFORDABLE HOUSING/EXPAND EARLY LEARNING CENTERS | $2,250,735 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CREATING/PRESERVING AFFORDABLE HOUSING/EXPAND EARLY LEARNING CENTERS | $2,250,735 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Community Reinvestment Association Seattle, WA | $122,749,409 | $6,470,844 |
Warm Beach Christian Camps & Conference Center Stanwood, WA | $27,633,897 | $12,017,895 |
Port Susan Camping Club Tulalip, WA | $12,009,697 | $4,858,699 |
Camp Solomon Schechter Inc Seattle, WA | $12,155,325 | $3,785,319 |
Carnation Farms Carnation, WA | $13,557,149 | $3,707,378 |
Outdoors For All Foundation Seattle, WA | $7,939,742 | $3,908,489 |
Four Winds Inc Deer Harbor, WA | $8,054,763 | $2,896,626 |
Sambica Bellevue, WA | $5,189,303 | $3,453,970 |
Lutherhaven Ministries Inc Coeur D Alene, ID | $10,319,885 | $4,390,375 |
Henderson-Norwester Camp Edmonds, WA | $14,019,666 | $2,061,036 |
Cascades Camp And Conference Center Yelm, WA | $9,667,570 | $2,250,425 |
Whatcom Meadows Camping Association Sedro Woolley, WA | $4,684,769 | $1,132,087 |