Housing Hope
- Assets
- $46.8m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 220
- Location
- Everett, WA
- Founding
- 04/1988
- Data as of
- 06/2022
- EIN
- 94-3060709
Organization Overview
Housing Hope is located in Everett, WA. The organization was established in 1988. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Housing Hope employed 220 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Hope 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, Housing Hope generated $11.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $12.1m during the year ending 06/2022. 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
TO PROMOTE AND PROVIDE A CONTINUUM OF SAFE, DECENT, AFFORDABLE HOUSING AND NECESSARY RELATED SERVICES FOR VERY LOW INCOME AND LOW INCOME RESIDENTS OF SNOHOMISH COUNTY AND CAMANO ISLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE ENRICHED AFFORDABLE HOUSING: DURING YEAR ENDED JUNE 30, 2022, HOUSING HOPE PROVIDED 601 AFFORDABLE UNITS (INCLUDING TAX CREDIT PROPERTIES) OF WHICH SIX WERE EMERGENCY SHELTER UNITS AND 236 DEDICATED TO SERVING HOUSEHOLDS THAT WERE EXPERIENCING HOMELESSNESS. SOCIAL SERVICES TAILORED TO THE NEEDS OF EACH HOUSEHOLD ARE PROVIDED BY THE AGENCY THAT IS CENTERED BY INDIVIDUALIZED FAMILY SUPPORT MANAGEMENT AND BASIC LIFE SKILLS
OTHER PROGRAM EXPENSES
CHILDREN'S PROGRAMS: THE CHILDHOPE INITIATIVE IS COMPRISED OF FOUR PROGRAMS: TOMORROW'S HOPE CHILD DEVELOPMENT CENTER, PARENTING EDUCATING COURSES AT COLLEGE OF HOPE, HOUSING HOPE'S TEEN AND YOUNG FAMILIES PROGRAM, AND IN-HOME INTERVENTIONS PROVIDED BY CHILD AND FAMILY SPECIALISTS. EACH OF THESE PROGRAMS HELP HOMELESS AND VERY LOW-INCOME CHILDREN RECOVER FROM EARLY TRAUMAS, SETTING THEM ON THE PATH TOWARD A LIFETIME OF SUCCESS. DURING THE YEAR ENDED JUNE 30, 2022, THESE PROGRAMS SERVED 228 CHILDREN, YOU AND PARENTS.
EMPLOYMENT PROGRAM: THE AGENCY'S SOCIAL SERVICES PROGRAM HAS BEEN "VOCATIONALIZED" TO HELP PARTICIPANTS GAIN CRITICAL JOB READINESS SKILLS NECESSARY TO BE COMPETITIVE IN THE JOB MARKET AND TO CONTRIBUTE POSITIVELY TO THE COMMUNITY'S WORKFORCE. EMPLOYMENT READINESS PROGRAM COMPONENTS INCLUDE CLASSES, COACHING, MENTORING AND VOLUNTEER AND PAID JOBS EXPERIENCES. AS PARTICIPANTS INCREASE THEIR EMPLOYMENT READINESS SKILLS, THEY ARE ASSISTED TO SECURE PERMANENT PAID EMPLOYMENT THAT BECOMES THE LAUNCHING PAD FOR HELPING THEM DETERMINE A CAREER DIRECTION AND PATH. DURING THE YEAR ENDED JUNE 30, 2022, THE COLLEGE OF HOPE PROGRAM PROVIDED 268 INDIVIDUALS CLASSES TO IMPROVE THEIR SKILLS AND KNOWLEDGE IN THE AREAS OF FAMILY LIFE, MENTAL HEALTH, ECONOMIC WELLBEING, HEALTH & WELLNESS AND HOUSING EXPERTISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Safstrom CEO | Officer | 40 | $172,287 |
Elizabeth Kohl COO | Officer | 40 | $138,476 |
Janice Nishikawa CFO | Officer | 40 | $133,745 |
Crystal Simpson Director Of Property | Officer | 40 | $109,485 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $210,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,038,387 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,359,179 |
| Noncash contributions included in lines 1a–1f | $16,770 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,607,566 |
| Total Program Service Revenue | $5,582,690 |
| Investment income | -$98,132 |
| 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 | $11,092,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $162,270 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $553,993 |
| Compensation of current officers, directors, key employees. | $553,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,384,229 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $513,997 |
| Payroll taxes | $581,809 |
| Fees for services: Management | $461,490 |
| 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 | $0 |
| Advertising and promotion | $50,369 |
| Office expenses | $166,364 |
| Information technology | $287,442 |
| Royalties | $0 |
| Occupancy | $709,863 |
| Travel | $32,997 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $860,361 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,245,295 |
| Insurance | $188,167 |
| All other expenses | $167,982 |
| Total functional expenses | $12,113,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,171,304 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $361,208 |
| Accounts receivable, net | $23,521 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $122,301 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $40,917 |
| Net Land, buildings, and equipment | $32,280,557 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,832,802 |
| Total assets | $46,832,610 |
| Accounts payable and accrued expenses | $1,226,514 |
| Grants payable | $0 |
| Deferred revenue | $27,399 |
| 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 | $601,550 |
| Other liabilities | $25,308,379 |
| Total liabilities | $27,163,842 |
| Net assets without donor restrictions | $12,177,016 |
| Net assets with donor restrictions | $7,491,752 |
| 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 | $46,832,610 |