Downtown Action To Save Housing
- Assets
- $39.6m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Bellevue, WA
- Founding
- 07/1996
- Data as of
- 09/2021
- EIN
- 94-3155152
Organization Overview
Downtown Action To Save Housing is located in Bellevue, WA. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 09/2021, Downtown Action To Save Housing employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Action To Save Housing 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 09/2021, Downtown Action To Save Housing generated $9.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $7.5m during the year ending 09/2021. While expenses have increased by 10.5% per year over the past 6 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
CREATING AND PRESERVING AFFORDABLE COMMUNITIES FOR A VARIETY OF INCOME LEVELS WITH THE GOAL OF FINANCIAL ADVANCEMENT AND SUSTAINABILITY FOR INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING PROVIDED TO LOW TO MODEST INCOME FAMILIES AND SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Loveall Price Executive Director | Officer | 40 | $228,984 |
Torsten Hirche President & CEO | OfficerTrustee | 1 | $0 |
Scott Lumsden Vice Chair & Chair | OfficerTrustee | 0.1 | $0 |
John Iwanski Chair & Director | OfficerTrustee | 0.1 | $0 |
Mary Wagner Director & Vice Chair | OfficerTrustee | 0.1 | $0 |
Michael Connell Treasurer & CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,459,521 |
| All other contributions, gifts, grants, and similar amounts not included above | $857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,460,378 |
| Total Program Service Revenue | $6,645,490 |
| Investment income | $287,842 |
| 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 | $9,615,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,090 |
| 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 | $2,460,759 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $269,170 |
| Payroll taxes | $0 |
| Fees for services: Management | $279,183 |
| Fees for services: Legal | $18,731 |
| 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 | $286,250 |
| Advertising and promotion | $11,308 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,149,990 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $902,311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,064,568 |
| Insurance | $146,435 |
| All other expenses | $0 |
| Total functional expenses | $7,477,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,410,220 |
| Savings and temporary cash investments | $1,535,106 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,361,954 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,206,957 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $227,180 |
| Net Land, buildings, and equipment | $25,938,625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,632,761 |
| Intangible assets | $186,409 |
| Other assets | $141,976 |
| Total assets | $39,641,188 |
| Accounts payable and accrued expenses | $3,660,415 |
| Grants payable | $0 |
| Deferred revenue | $11,153 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $138,904 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $26,457,385 |
| Unsecured mortgages and notes payable | $38,756 |
| Other liabilities | $0 |
| Total liabilities | $30,306,613 |
| Net assets without donor restrictions | $9,334,575 |
| 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 | $39,641,188 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Action To Save Housing has recieved totaling $13,130.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $13,130 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albina Head Start Inc Portland, OR | $22,611,624 | $19,457,720 |
Orbis Cascade Alliance Portland, OR | $8,013,554 | $17,694,791 |
Independent Order Of Odd Fellows Walla Walla, WA | $17,889,942 | $20,108,315 |
Options Counseling Services Of Oregon Eugene, OR | $12,586,092 | $15,957,358 |
The Housing Company Boise, ID | $54,365,926 | $13,345,868 |
Discovery Institute Seattle, WA | $11,437,135 | $11,706,535 |
Ecotrust Portland, OR | $39,375,202 | $8,893,922 |
Vista Hermosa Pasco, WA | $179,888,748 | $12,479,389 |
Antfarm Inc Sandy, OR | $2,638,005 | $9,881,000 |
Larry And Jeanette Epping Family Foundation Salem, OR | $179,042,811 | $13,717,983 |
Evergreen Freedom Foundation Olympia, WA | $4,610,393 | $9,922,946 |
Portland Community Reinvestment Initiatives Inc Portland, OR | $37,093,919 | $7,550,357 |