Gee How Oak Tin Foundation
- Assets
- $4.8m
- Revenue
- $480.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 05/1993
- Data as of
- 12/2023
- EIN
- 94-3085822
Organization Overview
Gee How Oak Tin Foundation is located in Seattle, WA. The organization was established in 1993. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gee How Oak Tin Foundation 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 12/2023, Gee How Oak Tin Foundation generated $480.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $603.6k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ORGANIZED TO: 1)TO OPERATE EXCLUSIVELY FOR CHARITABLE LITERARY AND EDUCATIONAL PURPOSES; 2)TO DEVELOP,OWN,MAINTAIN,AND MANAGE A RESIDENT HOUSING FACILITY FOR LOW INCOME TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Chen President | OfficerTrustee | 1 | $0 |
Jackson Chan Vice President | OfficerTrustee | 1 | $0 |
Gilbert Chin Secretary | OfficerTrustee | 1 | $0 |
Fang Hong Lee Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $465,426 |
| Investment income | $15,487 |
| 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 | $480,913 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $19,251 |
| Fees for services: Legal | $2,831 |
| Fees for services: Accounting | $12,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $60 |
| Office expenses | $3,063 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $251,534 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,273 |
| Insurance | $3,247 |
| All other expenses | $10,647 |
| Total functional expenses | $603,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $98,387 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $515,839 |
| 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 | $4,012,773 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,497 |
| Total assets | $4,767,496 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,250,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,889 |
| Total liabilities | $3,265,889 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,501,607 |
| 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 | $4,767,496 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anchorage Neighborhood Housing Services Inc Anchorage, AK | $55,413,010 | $16,020,339 |
Gee How Oak Tin Foundation Seattle, WA | $4,767,496 | $480,913 |
Sullivan Senior Housing Inc Portland, OR | $2,033,165 | $212,197 |
Rivertree Apartments Inc Medford, OR | $535,952 | $173,061 |
Peoria Home Everett, WA | $168,095 | $132,939 |
Deneki House Inc Wasilla, AK | $890,964 | $47,563 |
Rebuilding Together Pacific County Long Beach, WA | $94,569 | $0 |
The Yamhill County Affordable Housing Corporation Mcminnville, OR | $4,094,270 | $48,640 |
Willapa Harbor Home Raymond, WA | $303,556 | $0 |