Way Back Inn Foundation
- Assets
- $594.4k
- Revenue
- $189.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Renton, WA
- Founding
- 04/1992
- Data as of
- 12/2022
- EIN
- 91-1548418
Organization Overview
Way Back Inn Foundation is located in Renton, WA. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Way Back Inn Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Way Back Inn Foundation 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, Way Back Inn Foundation generated $189.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $243.2k during the year ending 12/2022. 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
WAY BACK INN PROVIDES TRANSITIONAL HOUSING, UP TO 2 YEARS, TO HOMELESS FAMILIES WITH CHILDREN. IN ADDITION, WE PROVIDE RENT, UTILITY, AND COMMUTE ASSISTANCE TO THOSE IN DANGER OF LOSING THEIR CURRENT RESIDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAY BACK INN'S MAIN PROGRAM IS TO PROVIDE TRANSITIONAL HOUSING FOR HOMELESS FAMILIES WITH CHILDREN. RANGING IN TIME FROM 30 DAYS TO 2 YEARS, THIS HOUSING PROVIDES SECURITY, A HOME ADDRESS TO ASSIST WITH EDUCATION AND/OR OCCUPATION SEARCHES, AND STABILITY. WE ALSO PROVIDE ASSISTANCE FOR HOUSING RENTS, UTILITIES AND MOVING EXPENSES TO THOSE IN DANGER OF LOSING THEIR HOMES. IN 2022, WE PROVIDED HELP TO OVER 40 FAMILIES (144 INDIVIDUALS). ALSO, MORE THAN 70% OF THE FAMILIES THAT STAYED IN OUR HOUSES WERE ABLE TO MOVE OUT TO EITHER PERMANENT MARKET RATE HOUSING, LONGER TERM TRANSITIONAL HOUSING, OR SUPPORTIVE HOUSING. AS A RESULT OF OUR ASSISTANCE, FAMILIES WERE ENROLLED IN CONTINUING EDUCATION AND 80% OF THE HOUSEHOLDS WE SERVED WERE UNDER 30% OF THE AREA MEDIAN INCOME. BASED ON THE INCREASE OF HOMELESSNESS IN THE SEATTLE AREA, WAY BACK INN'S SERVICES ARE MORE IN DEMAND THAN EVER BEFORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kajal Ram President | OfficerTrustee | 2 | $0 |
Michael Sanders Vice President | OfficerTrustee | 1 | $0 |
Jason Dunbar Treasurer | OfficerTrustee | 2 | $0 |
Nathan Thompson Secretary | OfficerTrustee | 1 | $0 |
J Chris Johnson Past President | Trustee | 1 | $0 |
Alisa Louie Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $243 |
| Related organizations | $0 |
| Government grants | $31,138 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,758 |
| Noncash contributions included in lines 1a–1f | $9,575 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,139 |
| Total Program Service Revenue | $20,968 |
| Investment income | $513 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,545 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $189,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,620 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,537 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,642 |
| Payroll taxes | $8,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,200 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $743 |
| Office expenses | $2,260 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,370 |
| Travel | $3,023 |
| 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 | $18,799 |
| Insurance | $9,544 |
| All other expenses | $752 |
| Total functional expenses | $243,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,257 |
| Savings and temporary cash investments | $202,488 |
| Pledges and grants receivable | $7,745 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $333,842 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,076 |
| Total assets | $594,408 |
| Accounts payable and accrued expenses | $7,669 |
| 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 | $0 |
| Total liabilities | $7,669 |
| Net assets without donor restrictions | $558,324 |
| Net assets with donor restrictions | $28,415 |
| 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 | $594,408 |