Eastside Residential Opportunities
- Assets
- $737.6k
- Revenue
- $324.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Tukwila, WA
- Founding
- 12/1991
- Data as of
- 12/2022
- EIN
- 94-3145210
Organization Overview
Eastside Residential Opportunities is located in Tukwila, WA. The organization was established in 1991. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastside Residential Opportunities 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 12/2022, Eastside Residential Opportunities generated $324.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $381.1k during the year ending 12/2022. While expenses have increased by 6.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF LOW INCOME HOUSING FOR ELDERLY AND INDIVIDUALS WITH HANDICAPPING CONDITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE JUNIPERWOOD APARTMENTS, A 20-UNIT PROJECT LOCATED IN ISSAQUAH, WASHINGTON. THIS PROJECT PROVIDES LOW-INCOME HOUSING DESIGNED TO MEET THE NEEDS OF INDIVIDUALS WITH A MENTAL HEALTH DISABILITY. IT IS ALSO SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Evans Chief Executive Officer (thru 12/22) | Officer | 1 | $0 |
Katrina Egner Interim President And CEO | Officer | 1 | $0 |
Mike DE Luca Executive VP And CFO | Officer | 1 | $0 |
Paul Eisenhauer Chief Financial Officer (thru 4/22) | Officer | 1 | $0 |
Tom Bolger Board Chair | OfficerTrustee | 1 | $0 |
Robert Stadler Board Chair (thru 10/22) | 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 | $263,292 |
| Investment income | $9 |
| 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 | $324,606 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,959 |
| Advertising and promotion | $0 |
| Office expenses | $25,681 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $178,190 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,312 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,202 |
| Insurance | $27,786 |
| All other expenses | $0 |
| Total functional expenses | $381,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,158 |
| Savings and temporary cash investments | $195,456 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,076 |
| 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 | $472,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $737,632 |
| Accounts payable and accrued expenses | $100,991 |
| Grants payable | $0 |
| Deferred revenue | $2,504 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,031 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $575,203 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $202,942 |
| Total liabilities | $885,671 |
| Net assets without donor restrictions | -$148,039 |
| 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 | $737,632 |