Senior Housing Assistance Group
- Assets
- $19.5m
- Revenue
- $47.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 06/1988
- Data as of
- 12/2021
- EIN
- 94-3063455
Organization Overview
Senior Housing Assistance Group, operating under the name Shag Sustainable Housing For Ageless Generations, is located in Bellevue, WA. The organization was established in 1988. According to its NTEE Classification (O40) the organization is classified as: Scouting, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shag Sustainable Housing For Ageless Generations 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, Shag Sustainable Housing For Ageless Generations generated $47.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $49.8m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 5 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
TO FOSTER AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME SENIORS AND PEOPLE 55+ WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS RESPONSIBLE FOR FACILITATING THE DEVELOPMENT OF 30 QUALIFIED HOUSING PROJECTS FOR LOW-INCOME ELDERLY AND DISABLED INDIVIDUALS AND HOUSEHOLDS CONTAINING A TOTAL OF 5,000 DWELLING UNITS. IN ADDITION, THE ORGANIZATION IS RESPONSIBLE FOR THE OPERATION OF 28 FEDERALLY QUALIFIED LOW-INCOME HOUSING PROJECTS FOR LOW-INCOME AND DISABLED INDIVIDUALS REPRESENTING APPROXIMATELY 5,500 RESIDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Woolford Executive Director | Officer | 21.5 | $357,413 |
Torsten Hirche Director & Prcn CEO | OfficerTrustee | 1 | $0 |
Scott Lumsden Chair | OfficerTrustee | 0.1 | $0 |
Nancy Hooyman Chair (through Feb 2021) | OfficerTrustee | 1 | $0 |
Cathy Danigelis Vice Chair & Director | OfficerTrustee | 0.1 | $0 |
Mary Wagner Vice Chair | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shag Community Life Foundation Resident Support & Services | 12/30/20 | $1,800,000 |
Independent Living Associates Llc Property Management | 12/30/20 | $209,658 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $45,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,750 |
| Total Program Service Revenue | $46,924,393 |
| Investment income | $236,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $370,685 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,584,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,806,314 |
| 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 | $471,675 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $100,760 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,124,632 |
| Fees for services: Legal | $33,634 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $69,411 |
| Fees for services: Other | $865 |
| Advertising and promotion | $7,337 |
| Office expenses | $5,388 |
| Information technology | $25,223 |
| Royalties | $0 |
| Occupancy | $44,109,917 |
| Travel | $12,461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,898 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,128 |
| All other expenses | $0 |
| Total functional expenses | $49,848,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,535 |
| Savings and temporary cash investments | $718,484 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,555 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,948,205 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,497,235 |
| Total assets | $19,510,014 |
| Accounts payable and accrued expenses | $426,008 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,497,235 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $19,000 |
| Other liabilities | $271,741 |
| Total liabilities | $2,213,984 |
| Net assets without donor restrictions | $17,296,030 |
| 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 | $19,510,014 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Senior Housing Assistance Group has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Lucky Seven Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Senior Housing Assistance Group Bellevue, WA | $19,510,014 | $47,584,757 |
Community Action Program Of East Central Oregon Pendleton, OR | $9,382,268 | $16,632,351 |
Oregon Tilth Inc Corvallis, OR | $12,782,768 | $8,290,953 |
Imagine Housing Bellevue, WA | $36,549,729 | $6,141,559 |
Methow Conservancy Winthrop, WA | $9,253,346 | $3,989,243 |
Prince William Sound Science & Technology Institute Cordova, AK | $5,032,306 | $5,215,853 |
Washington School Principals Education Foundation Olympia, WA | $3,806,906 | $3,536,582 |
Jefferson Community Counseling Center Port Townsend, WA | $5,278,347 | $5,449,452 |
Kitsap Residences Port Orchard, WA | $1,679,971 | $3,557,109 |
Community Energy Project Inc Portland, OR | $1,061,487 | $2,605,848 |
Society Of St Vincent De Paul Medford, OR | $6,077,176 | $3,200,151 |
Bristol Bay Native Corporation Education Foundation Anchorage, AK | $34,167,034 | $3,535,334 |