Housing Hope Properties
- Assets
- $3.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Everett, WA
- Founding
- 10/1992
- Data as of
- 06/2021
- EIN
- 94-3163905
Organization Overview
Housing Hope Properties is located in Everett, WA. The organization was established in 1992. 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. Housing Hope Properties 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 06/2021, Housing Hope Properties generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 16.4% per year over the past 3 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 ACQUIRE, LEASE, REHABILITATE, CONSTRUCT AND OTHERWISE PROVIDE DECENT, SAFE, SANITARY AND AFFORDABLE HOUSING FOR THE VERY LOW AND LOW INCOME FAMILIES AND INDIVIDUALS RESIDING IN SNOHOMISH COUNTY AND CAMANO ISLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP SAFE, DECENT AND AFFORDABLE HOUSING FOR LOW AND VERY LOW INCOME RESIDENTS OF SNOHOMISH COUNTY AND CAMANO ISLAND. HOUSING HOPE PROPERTIES IS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION CHDO THAT IS QUALIFIED BY BOTH SNOHOMISH COUNTY AND THE STATE OF WASHINGTON. IT HAS ASSISTED 311 LOW INCOME HOUSEHOLDS TO BECOME HOMEOWNERS THROUGH ITS TEAM HOMEBUILDING SWEAT EQUITY PROGRAM AND HAS ASSISTED IN THE CREATION OF MORE THAN 500 APARTMENTS AFFORDABLE TO VERY LOW AND EXTREMELY LOW INCOME HOUSEHOLDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Capeloto Vice President | OfficerTrustee | 1 | $0 |
Paul Vexler Board Member | OfficerTrustee | 1 | $0 |
Rich Menzel Sec/treas | OfficerTrustee | 1 | $0 |
Maria Hicks Board Member | Trustee | 1 | $0 |
Nik Halladay President | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ap Interiors Painting And Drywall Finishes | 6/29/21 | $179,601 |
Envirotek Llc Excavation | 6/29/21 | $319,392 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $912,720 |
| Investment income | $277 |
| 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 | $1,055,286 |
| Statement of Expenses | |
|---|---|
| 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 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 | $305,900 |
| Fees for services: Legal | $390 |
| Fees for services: Accounting | $22,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,891 |
| Information technology | $8,546 |
| Royalties | $0 |
| Occupancy | $27,324 |
| Travel | $3,639 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $10,704 |
| Payments to affiliates | $12,933 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,424 |
| All other expenses | $0 |
| Total functional expenses | $1,147,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,914 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $75,000 |
| Accounts receivable, net | $434,683 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,335,313 |
| Inventories for sale or use | $674,342 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,752,856 |
| Accounts payable and accrued expenses | $502,222 |
| 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 | $973,163 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $204,227 |
| Total liabilities | $1,679,612 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,073,244 |