Interim Housing Association
- Assets
- $16.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 91-1630508
Organization Overview
Interim Housing Association is located in Seattle, WA. The organization was established in 1995. 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. Interim 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 12/2021, Interim Housing Association generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 12.8% 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/MANAGE LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND DEVELOPMENT OF LOW-INCOME HOUSING BUILDINGS: THE NP HOTEL, 63 LOW-INCOME UNITS WITH SOME COMMERCIAL SPACE. THE EASTERN HOTEL, 46 LOW-INCOME UNITS WITH SOME COMMERCIAL. THE SAMAKI COMMONS, 41 LOW-INCOME UNITS. NIHONMACHI TERRACE, 50 LOW-INCOME UNITS WITH SOME COMMERICAL SPACE. HIRABAYASHI PLACE, 96 LOW-INCOME UNITS AND A CHILD CARE CENTER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Mcguire President | OfficerTrustee | 1 | $0 |
Marie Wong Vice Preside | OfficerTrustee | 1 | $0 |
Dick Woo Secretary/tr | OfficerTrustee | 1 | $0 |
Medhat Adib CFO | Officer | 5 | $0 |
Pradeepta Upadhyay Executive Di | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,519,004 |
| Investment income | $259 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $787,963 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,307,132 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $89,402 |
| 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 | $48,995 |
| Advertising and promotion | $0 |
| Office expenses | $21,827 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $366,790 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,707 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $424,237 |
| Insurance | $59,744 |
| All other expenses | $0 |
| Total functional expenses | $1,789,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,384 |
| Savings and temporary cash investments | $1,861,363 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $387,660 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,678,596 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $53,171 |
| Net Land, buildings, and equipment | $12,479,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,246 |
| Other assets | $139,378 |
| Total assets | $16,707,324 |
| Accounts payable and accrued expenses | $257,693 |
| Grants payable | $0 |
| Deferred revenue | $22,332 |
| 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 | $12,181,748 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,461,773 |
| Net assets without donor restrictions | $4,245,551 |
| 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 | $16,707,324 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Habitat For Humanity International Inc Spokane, WA | $8,447,142 | $6,994,226 |
Homestead Community Land Trust Seattle, WA | $27,329,923 | $6,114,332 |
Network For Oregon Affordable Housing Portland, OR | $195,654,493 | $8,548,248 |
Catholic Charities Housing Services Diocese Of Yakima Yakima, WA | $29,693,210 | $6,976,540 |