Housing Development Consortium Of Seattle-King County
- Assets
- $1.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Seattle, WA
- Founding
- 05/1993
- Data as of
- 12/2021
- EIN
- 94-3073588
Organization Overview
Housing Development Consortium Of Seattle-King County is located in Seattle, WA. The organization was established in 1993. 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, Housing Development Consortium Of Seattle-King County employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Development Consortium Of Seattle-King County 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, Housing Development Consortium Of Seattle-King County generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% 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
PROMOTE THE LONG-TERM AVAILABILITY OF AFFORDABLE HOUSING TO LOW-INCOME PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOUSING DEVELOPMENT CONSORTIUM PROVIDES A RANGE OF MEMBER SERVICES, BRINGING TOGETHER ALL SECTOR DISCIPLINES AND PROFESSIONS TO DISCUSS, DELIBERATE, AND ACT TO INCREASE THE QUALITY AND AVAILABILITY OF AFFORDABLE HOUSING IN KING COUNTY. HDC HOSTS/SPONSORS WORKSHOPS, SEMINARS, WEBINARS AND A VARIETY OF FORUMS FOR MEMBERS TO LEARN INDUSTRY BEST PRACTICES, DEVELOPMENT TECHNIQUES AND SKILLS, AND FACILITATE MEMBER ORGANIZATIONS SHARING IDEAS, REFLECT ON LESSONS LEARNED AND EXPLORE OPPORTUNITIES TO BETTER SERVE THE COMMUNITY.
HDC'S GOAL IS TO INCREASE THE PRODUCTION OF AFFORDABLE HOUSING IN KING COUNTY THROUGH FAVORABLE PUBLIC POLICY, INCREASED RESOURCES, GREATER SOURCE EFFICIENCY, AND BROAD ALLIANCES COMMITTED TO SOCIAL EQUITY WITHIN SUSTAINABLE COMMUNITIES. WORKING CLOSELY WITH GOVERNMENT, HOUSING PROVIDERS, EQUITY ADVOCATES, BUSINESSES, AND COMMUNITY COALITIONS TO IMPLEMENT PUBLIC POLICIES THAT CREATE SAFE, HEALTHY, AFFORDABLE HOMES THROUGHOUT KING COUNTY. IN 2021 HDC WORKED TO: 1) FUND AFFORDABLE HOMES, 2) BUILD AND MAINTAIN INCLUSIVE COMMUNITIES, 3) IMPROVE THE HEALTH OF HOUSING, AND 4) SUPPORT ADOPTION OF AFFORDABLE HOUSING STRATEGIES IN JURISDICTION THROUGHOUT KING COUNTY.
RACE, EQUITY AND INCLUSION (REI)
EBTF SKHHP LEADERSHIP DEVELOPMENT HOUSING & EDUCATION SEATTLE 4 EVERYONE HOUSING & HEALTH TECH 4 HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Kooistra Executive Di | Officer | 40 | $165,649 |
Chris Jowell Vice Preside | OfficerTrustee | 1 | $0 |
Brian Lloyd President | OfficerTrustee | 1 | $0 |
Elizabeth Rinehart Secretary | OfficerTrustee | 1 | $0 |
Patience Malaba Executive Di | Officer | 40 | $0 |
Derrick Belgarde Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $438,689 |
| Fundraising events | $302,914 |
| Related organizations | $0 |
| Government grants | $365,919 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,461 |
| Noncash contributions included in lines 1a–1f | $1,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,407,983 |
| Total Program Service Revenue | $26,381 |
| Investment income | $3,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$37,039 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,401,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,450 |
| 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. | $165,649 |
| Compensation of current officers, directors, key employees. | $25,390 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $444,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $130,593 |
| Payroll taxes | $52,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,664 |
| Fees for services: Lobbying | $12,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $290,602 |
| Advertising and promotion | $0 |
| Office expenses | $31,219 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,547 |
| Travel | $1,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,139 |
| Insurance | $5,324 |
| All other expenses | $1,300 |
| Total functional expenses | $1,358,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,026 |
| Savings and temporary cash investments | $422,486 |
| Pledges and grants receivable | $72,900 |
| Accounts receivable, net | $13,736 |
| 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 | $3,285 |
| Net Land, buildings, and equipment | $21,634 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,792 |
| Total assets | $1,052,859 |
| Accounts payable and accrued expenses | $83,957 |
| Grants payable | $0 |
| Deferred revenue | $2,680 |
| 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 | $86,637 |
| Net assets without donor restrictions | $774,101 |
| Net assets with donor restrictions | $192,121 |
| 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 | $1,052,859 |
Grants Awarded
Over the last fiscal year, Housing Development Consortium Of Seattle-King County has awarded $55,250 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA | | $40,000 |
EMERALD CITIES | | | $10,000 |
TEAMSTERS LOCAL 117 | | | $5,250 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Housing Development Consortium Of Seattle-King County has recieved totaling $172,939.
| Awarding Organization | Amount |
|---|---|
Bullitt Foundation Seattle, WA PURPOSE: TO PROMOTE DEEP SUSTAINABILITY IN THE DESIGN AND CONSTRUCTION OF AFFORDABLE HOUSING. | $65,000 |
United States Energy Foundation San Francisco, CA PURPOSE: TO PROMOTE EDUCATION AND ANALYSIS TO ADVANCE CLEAN ENERGY AND ENERGY EFFICIENCY. | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $26,544 |
Campion Foundation Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Credit Unions In The State Of Washington Tukwila, WA PURPOSE: DONATION | $10,000 |
Credit Unions In The State Of Washington Seattle, WA PURPOSE: GENERAL SUPPORT | $6,360 |
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 |