Pierce County Affordable Housing Association
- Assets
- $859.1k
- Revenue
- $288.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 04/1994
- Data as of
- 06/2022
- EIN
- 91-1628177
Organization Overview
Pierce County Affordable Housing Association is located in Tacoma, WA. The organization was established in 1994. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pierce County Affordable Housing 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 06/2022, Pierce County Affordable Housing Association generated $288.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $302.6k during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 6 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
FINANCE, DEVELOP, MANAGE AND PROVIDE LOW INCOME PERSONS WITH HOUSING FACILITIES AND SERVICES WITHIN PIERCE COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PIERCE COUNTY AFFORDABLE HOUSING ASSOCIATION OWNS SUMNER TOWNHOMES, A BUILDING WITH EIGHT RENTAL UNITS TO PROVIDE AFFORDABLE HOUSING FOR PREGNANT AND PARENTING TEEN MOTHERS, AND MANRESA APARTMENTS, WHICH CONSISTS OF FIVE BUILDINGS, EACH HAVING FOUR TWO-BEDROOM UNITS. MANRESA APARTMENTS ARE FOR LOW INCOME FAMILIES AT OR BELOW 50 PERCENT OF THE MEDIAN INCOME FOR PIERCE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose Uriarte Treasurer | OfficerTrustee | 1 | $0 |
Alan Brown Ex-Officio | Trustee | 1 | $0 |
Bonnie Hill Ex-Officio | Trustee | 1 | $0 |
Carol Smith President | OfficerTrustee | 1 | $0 |
Tim Ritchey Vice President | OfficerTrustee | 1 | $0 |
Sue Yamane Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $104,897 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,366 |
| Total Program Service Revenue | $175,264 |
| Investment income | $31 |
| 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 | $288,661 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,649 |
| Pension plan accruals and contributions | $169 |
| Other employee benefits | $5,461 |
| Payroll taxes | $4,332 |
| Fees for services: Management | $16,468 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,337 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,419 |
| Information technology | $4,764 |
| Royalties | $0 |
| Occupancy | $77,402 |
| Travel | $202 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,918 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,776 |
| Insurance | $18,171 |
| All other expenses | $0 |
| Total functional expenses | $302,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,334 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,925 |
| 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 | $1,661 |
| Net Land, buildings, and equipment | $725,208 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,998 |
| Total assets | $859,126 |
| Accounts payable and accrued expenses | $6,186 |
| Grants payable | $0 |
| Deferred revenue | $2,383 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $9,493 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,262,981 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $127,985 |
| Total liabilities | $1,409,028 |
| Net assets without donor restrictions | -$549,902 |
| 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 | $859,126 |