Washington Homeownership Resource Center
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Seattle, WA
- Founding
- 11/1995
- Data as of
- 12/2022
- EIN
- 91-1669492
Organization Overview
Washington Homeownership Resource Center 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. As of 12/2022, Washington Homeownership Resource Center employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Homeownership Resource Center 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, Washington Homeownership Resource Center generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $880.9k during the year ending 12/2022. While expenses have increased by 12.0% per year over the past 8 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 MISSION OF WASHINGTON HOMEOWNERSHIP RESOURCE CENTER IS TO INCREASE AND PRESERVE HOMEOWNERSHIP IN WASHINGTON STATE. WE PROVIDE HOMEBUYERS AND HOMEOWNERS WITH INFORMATION AND REFERRALS TO VETTED RESOURCES. OUR REFERRALS INCLUDE HOMEBUYER ASSISTANCE PROGRAMS AND PRE-PURCHASE COUNSELING AND EDUCATION, FORECLOSURE INTERVENTION COUNSELING AND MEDIATION, LEGAL AID, CREDIT COUNSELING, AND HOME REPAIR AND WEATHERIZATION ASSISTANCE. WHILE OUR SERVICES ARE AVAILABLE TO ANYONE IN WASHINGTON, OUR CLIENTS ARE PREDOMINANTLY LOW- OR MODERATE-INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH OUR TOLL-FREE HOTLINE AND ONLINE PORTAL, WHRC SERVES INDIVIDUALS ACROSS WASHINGTON BY PROVIDING EDUCATION AND REFERRALS TO FUTURE AND CURRENT HOMEOWNERS ON SUCH TOPICS AS HOMEBUYER ASSISTANCE PROGRAMS, HOMEBUYER EDUCATION AND COUNSELING, FORECLOSURE PREVENTION COUNSELING AND LEGAL AID, REPAIR ASSITANCE, AND CREDIT COUNSELING. WHRC ALSO PROVIDES INFORMATION AND RECOMMENDATIONS TO GOVERNMENT AGENCIES AND OTHER DECISION MAKERS TO SUPPORT BEST PRACTICES FOR ADDRESSING HOUSING INSTABILITY FOR WASHINGTON RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Rodriguez Executive Di | Officer | 40 | $104,559 |
Christine Walsh Rogers Co-President | OfficerTrustee | 1 | $0 |
Val Pate Co-President | OfficerTrustee | 1 | $0 |
Lee Pierce Vice Preside | OfficerTrustee | 1 | $0 |
Lindsey Sargent Secretary | OfficerTrustee | 1 | $0 |
Ali Sheibani Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dragonfly Development Inc Software Dev | 12/30/22 | $406,000 |
Parkview Services Administrative | 12/30/22 | $156,678 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,083,980 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,115,320 |
| Total Program Service Revenue | $81,820 |
| Investment income | $10 |
| 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 | $1,197,150 |
| 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. | $104,559 |
| Compensation of current officers, directors, key employees. | $26,027 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $249,429 |
| Pension plan accruals and contributions | $3,724 |
| Other employee benefits | $51,179 |
| Payroll taxes | $28,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $219,801 |
| Advertising and promotion | $1,246 |
| Office expenses | $1,086 |
| Information technology | $19,738 |
| Royalties | $0 |
| Occupancy | $16,222 |
| Travel | $1,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,050 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,302 |
| Insurance | $5,346 |
| All other expenses | $7,953 |
| Total functional expenses | $880,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,981 |
| Savings and temporary cash investments | $102,647 |
| Pledges and grants receivable | $308,732 |
| 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 | $22,670 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $629,288 |
| Other assets | $0 |
| Total assets | $1,284,318 |
| Accounts payable and accrued expenses | $66,936 |
| Grants payable | $0 |
| Deferred revenue | $252,457 |
| 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 | $319,393 |
| Net assets without donor restrictions | $964,925 |
| 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 | $1,284,318 |