Housing Resources Bainbridge
- Assets
- $8.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Bainbridge Island, WA
- Founding
- 10/1994
- Data as of
- 12/2021
- EIN
- 95-0068013
Organization Overview
Housing Resources Bainbridge is located in Bainbridge Island, WA. The organization was established in 1994. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Housing Resources Bainbridge employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Resources Bainbridge 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 Resources Bainbridge generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 5.8% 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
THE PURPOSE OF HRB IS TO PRESERVE THE DIVERSITY AND VITALITY OF BAINBRIDGE ISLAND BY PROVIDING AND MAINTAINING AFFORDABLE HOUSING OPPORTUNITIES IN THE COMMUNITY. HRB ENVISIONS A DIVERSE COMMUNITY WHERE THERE ARE HOMES AFFORDABLE TO ALL. WORKING TO ACCOMPLISH THIS, HRB DEVELOPS HOUSING FOR AND PROVIDES HOUSING-RELATED SERVICES FOR LOW-INCOME AND MODERATE-INCOME FAMILIES AND INDIVIDUALS ON BAINBRIDGE ISLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL HOUSING - HRB OWNS AND MANAGES SEVEN RESIDENTIAL PROPERTIES, AND IS THE MANAGING MEMBER OF WINSLOW TERRACE LLC, WHICH OWNS ONE RESIDENTIAL PROPERTY, FOR A COMBINED TOTAL OF 90 RENTAL UNITS OF AFFORDABLE HOUSING.
HOMEOWNERSHIP - PERMANENTLY AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES AT HRB INCLUDE 40 HOMES AT FERNCLIFF VILLAGE, 1 CONDOMINIUM UNIT AT VINEYARD LANE, AND 2 UNITS AT SPARROWS CONDOMINIUMS.
INDEPENDENT LIVING - HRB ASSISTS INDIVIDUALS WITH SPECIALIZED NEEDS TO MAKE NECESSARY IMPROVEMENTS TO THEIR HOMES SO THEY MAY CONTINUE TO LIVE INDEPENDENTLY.
TENANT & COMMUNITY SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Eremic Treasurer | OfficerTrustee | 4 | $0 |
Stephanie Farquhar Chair | OfficerTrustee | 4 | $0 |
Lauren Coates Secretary | OfficerTrustee | 4 | $0 |
Norm Landry Vice Chair | OfficerTrustee | 4 | $0 |
Asaph Glosser Director | Trustee | 2 | $0 |
Tamar Kupiec Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $302,695 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $538,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $841,552 |
| Total Program Service Revenue | $934,459 |
| Investment income | $5,047 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,802 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,791,113 |
| 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 | $531,058 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $144,429 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,095 |
| Fees for services: Accounting | $83,117 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,170 |
| Advertising and promotion | $0 |
| Office expenses | $48,103 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,629 |
| Travel | $9,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,541 |
| Insurance | $21,039 |
| All other expenses | $75,325 |
| Total functional expenses | $1,566,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,433 |
| Savings and temporary cash investments | $1,583,982 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,695 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $196,861 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,642 |
| Net Land, buildings, and equipment | $5,719,296 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $225,911 |
| Total assets | $8,136,820 |
| Accounts payable and accrued expenses | $40,615 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $165,042 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $818,859 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,024,516 |
| Net assets without donor restrictions | $6,194,227 |
| Net assets with donor restrictions | $918,077 |
| 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 | $8,136,820 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Housing Resources Bainbridge has recieved totaling $118,336.
| Awarding Organization | Amount |
|---|---|
One Call For All Bainbridge Island, WA PURPOSE: GENERAL SUPPORT | $47,824 |
Bainbridge Community Foundation Bainbridge Island, WA PURPOSE: GENERAL SUPPORT | $37,635 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $17,750 |
Norcliffe Foundation Seattle, WA PURPOSE: HOMEOWNERSHIP PROGRAM | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Quail Roost Foundation Radnor, PA PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Snap Financial Access Spokane, WA | $12,956,127 | $5,481,674 |
Housing Resources Bainbridge Bainbridge Island, WA | $8,136,820 | $1,791,113 |
Heat Oregon Portland, OR | $2,927,868 | $1,655,425 |
Whatcom-Skagit Housing Bellingham, WA | $4,587,356 | $717,109 |
Nhs Lending Inc Boise, ID | $6,052,045 | $1,544,726 |
Oregon Training Institute Salem, OR | $35,093 | $157,071 |
Fortify Families Beaverton, OR | $629 | $0 |
Helping Hands Team Milton, WA | $556,939 | $106,880 |
Community Housing Services Albany, OR | $0 | $122,045 |
Fort Love-It Affordable Solutions Housing La Center, WA | $0 | $0 |