Imagine Housing Communities
- Assets
- $9.1m
- Revenue
- $781.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Bellevue, WA
- Founding
- 11/1993
- Data as of
- 12/2021
- EIN
- 91-1559906
Organization Overview
Imagine Housing Communities is located in Bellevue, WA. The organization was established in 1993. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Imagine Housing Communities employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagine Housing Communities 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, Imagine Housing Communities generated $781.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $989.4k during the year ending 12/2021. While expenses have increased by 4.5% 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
DEVELOP, OWN AND OPERATE HOUSING FOR LOW-INCOME HOUSEHOLDS IN EAST KING COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMAGINE HOUSING COMMUNITIES, FORMERLY RED VINES 1, DEVELOPS, OWNS, AND MANAGES RESIDENTIAL PROPERTY, WHICH PROVIDES AFFORDABLE HOUSING FOR LOW-INCOME HOUSEHOLDS IN EAST KING COUNTY. IT IS CERTIFIED AS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) UNDER HUD'S HOME PROGRAM. AT DECEMBER 31, 2021, IT MANAGED FIVE RESIDENTIAL APARTMENT BUILDINGS, HAVING OWNERSHIP OF ONE AND PARTIAL OWNERSHIP OF FOUR OTHERS THROUGH LIMITED PARTNERSHIPS AND LIMITED LIABILITY COMPANIES. THESE BUILDINGS PROVIDE 267 AFFORDABLE APARTMENT HOMES IN ISSAQUAH, BELLEVUE, AND KIRKLAND, WASHINGTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Heron Interim Ceo/president | Officer | 4 | $14,737 |
Gary Helling Interim COO | Officer | 1 | $10,097 |
Sue Bliven Director Of Finance | Officer | 4 | $9,786 |
Carolynn Ferris President & Vice President | OfficerTrustee | 1 | $0 |
Rob Moe Chair Thru 9-21 | OfficerTrustee | 1 | $0 |
Bill Brueggermann Vice Chair Thru 9-21 | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $496,906 |
| 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 | $496,906 |
| Total Program Service Revenue | $284,283 |
| Investment income | $141 |
| 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 | $781,330 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,523 |
| Compensation of current officers, directors, key employees. | $24,523 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,073 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,734 |
| Payroll taxes | $20,071 |
| Fees for services: Management | $196,302 |
| Fees for services: Legal | $982 |
| Fees for services: Accounting | $10,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $667 |
| Fees for services: Other | $9,920 |
| Advertising and promotion | $1,956 |
| Office expenses | $14,883 |
| Information technology | $7,659 |
| Royalties | $0 |
| Occupancy | $104,058 |
| Travel | $25 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,114 |
| Interest | $2,646 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $264,187 |
| Insurance | $26,806 |
| All other expenses | $0 |
| Total functional expenses | $989,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,070 |
| Savings and temporary cash investments | $311,445 |
| Pledges and grants receivable | $43,735 |
| Accounts receivable, net | $10,581 |
| 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 | $15,571 |
| Net Land, buildings, and equipment | $8,215,472 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,281 |
| Intangible assets | $65,559 |
| Other assets | $201,669 |
| Total assets | $9,141,383 |
| Accounts payable and accrued expenses | $74,135 |
| 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 | $6,035,152 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $69,810 |
| Total liabilities | $6,179,097 |
| Net assets without donor restrictions | $2,962,286 |
| 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 | $9,141,383 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Imagine Housing Communities has recieved totaling $35,200.
| Awarding Organization | Amount |
|---|---|
Employees Community Fund Of Boeing-Puget Sound Seattle, WA PURPOSE: PROGRAM SERVICES | $35,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plymouth Housing Group Seattle, WA | $309,732,107 | $48,610,871 |
Reach Community Development Inc Portland, OR | $100,210,196 | $29,644,026 |
Archdiocesan Housing Authority Seattle, WA | $126,256,041 | $25,902,954 |
Herons Key Redmond, WA | $136,208,870 | $21,024,453 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |
Habitat For Humanity International Renton, WA | $48,435,558 | $16,565,200 |
Umpqua Community Development Corporation Roseburg, OR | $52,044,965 | $9,776,284 |
Northwest Real Estate Capital Corporation Boise, ID | $42,438,639 | $10,028,848 |
Bienestar Inc Hillsboro, OR | $44,494,101 | $8,073,400 |
Sequoia Mental Health Services Inc Beaverton, OR | $13,233,092 | $9,043,542 |