Community Homes Inc
- Assets
- $9.4m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 21
- Location
- Bothell, WA
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 91-1700810
Organization Overview
Community Homes Inc is located in Bothell, WA. The organization was established in 1996. 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, Community Homes Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Homes Inc 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, Community Homes Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 9.3% 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
PROVIDES, PROMOTES, AND SUSTAINS EXCEPTIONAL COMMUNITY-BASED HOUSING FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF EIGHT ADULT FAMILY HOMES AND TWO SHARED LIVING HOMES FOR DEVELOPMENTALLY DISABLED ADULTS. EACH ADULT FAMILY HOME SERVES FIVE ADULTS AND EACH SHARED LIVING HOME SERVES THREE ADULTS.
CONSULTING SERVICES TO ASSIST ADULTS WITH DEVELOPMENTAL DISABILITIES TO ESTABLISH SUPPORTIVE, COMMUNITY-BASED HOUSING. DEVELOPED 10 HOUSEHOLDS TO DATE. THERE ARE NO DIRECT EXPENSES ASSOCIATED WITH THIS PROGRAM SERVICE, IT IS A STAFF ONLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Isett Executive Director | Officer | 40 | $114,425 |
Jim Forbes Finance Director | Officer | 35 | $65,500 |
Tom Bartholomew Board President | OfficerTrustee | 5 | $0 |
Marcie Hinthorne Board Vice President | OfficerTrustee | 2 | $0 |
Ed Stamp Board Treasurer | OfficerTrustee | 2 | $0 |
Sarah Sherertz Vogt Board Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $246,029 |
| Related organizations | $0 |
| Government grants | $102,306 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,173,263 |
| Noncash contributions included in lines 1a–1f | $1,879,493 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,521,598 |
| Total Program Service Revenue | $578,609 |
| Investment income | $5,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,074 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,127,690 |
| 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. | $188,212 |
| Compensation of current officers, directors, key employees. | $31,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $512,904 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,802 |
| Payroll taxes | $54,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,462 |
| Fees for services: Accounting | $18,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,117 |
| Fees for services: Other | $35,452 |
| Advertising and promotion | $2,166 |
| Office expenses | $9,555 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,195 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,856 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,453 |
| Insurance | $29,872 |
| All other expenses | $0 |
| Total functional expenses | $1,381,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $864,632 |
| Savings and temporary cash investments | $156,025 |
| Pledges and grants receivable | $29,443 |
| Accounts receivable, net | $45,965 |
| 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 | $14,198 |
| Net Land, buildings, and equipment | $7,171,268 |
| Investments—publicly traded securities | $1,151,752 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,433,283 |
| Accounts payable and accrued expenses | $54,009 |
| 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 | $2,083,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,137,909 |
| Net assets without donor restrictions | $5,943,473 |
| Net assets with donor restrictions | $1,351,901 |
| 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 | $9,433,283 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Homes Inc has recieved totaling $22,454.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $21,948 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $506 |
Endowment Analysis
| Beg. Balance | $448,160 |
| Earnings | $74,257 |
| Net Contributions | $51,342 |
| Ending Balance | $573,759 |
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 |