Edison Terrace West FY2021 filing

Tax-deductible

Kennewick, WA501(c)(3)HousingEIN 20-5057014Revenue $237K in FY2021

On file with the IRS520 North Edison Street, 99336-5086 · Kennewick, WATax-exempt since Jul 2006Publicly supported charity — 170(b)(1)(A)(vi)

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To aquire and operate a 45 unit apartment complex to provide low income housing and services for seniors.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $21K a year · 6% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$31K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$237K
Spent
$347K
To programs
100%
Net assets
$3.5M
By yearFY2021–FY2025
Revenue
$237K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$237K
FY2022$250K
FY2023$275K
FY2024$291K
FY2025$810K
Expenses
$347K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$347K
FY2022$351K
FY2023$395K
FY2024$403K
FY2025$472K
Net assets
$3.5M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$3.5M
FY2022$3.4M
FY2023$3.3M
FY2024$3.2M
FY2025$3.6M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $347K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Edison Terrace West executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides low-income housing and services for seniors by operating an apartment complex.

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Provided by the organization

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1 program · $347K · in their own filed words · FY2020
01

Edison west was formed to operate a 45 unit apartment complex for low income seniors.

$347Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$237K
Ln 12
Fees for servicesLn 2g$147K
Gifts and grantsLn 1h$90K
Investment incomeLn 3$620
Money outPt IX
$347K
Ln 25
Programscol B$347K
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$3.5M
LiabilitiesLn 26$31K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$90K
Government grantsLn 1e$90K
Fees for servicesLn 2g$147K
Investment incomeLn 3$620
Total revenueLn 12$237K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$3.3M
Other assetsLn 15$238K
Total assetsLn 16$3.5M
LiabilitiesLn 26$31K
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3K$3K
Land, buildings, equipmentLn 10c$3.4M$3.3M
Total assetsLn 16$3.7M$3.5M
LiabilitiesLn 26$33K$31K
Net assetsLn 32$3.6M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$33K$33K
Other employee benefitsLn 9$9K$9K
Payroll taxesLn 10$8K$8K
Management feesLn 11a$27K$27K
Accounting feesLn 11c$8K$8K
Office expensesLn 13$8K$8K
Conferences, conventions and meetingsLn 19$124$124
Depreciation, depletion and amortizationLn 22$118K$118K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$125K$125K
All other expensesLn 24e$708$708
Total functional expensesLn 25$347K$347K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $810K$472K$338K$3.6M 990 PDF
FY2024 $291K$403K−$112K$3.2M 990 PDF
FY2023 $275K$395K−$121K$3.3M 990 PDF
FY2022 $250K$351K−$101K$3.4M 990 PDF
FY2021 Viewing $237K$347K−$110K$3.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $237,108 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $89,982$89,649
I-9 Program service revenuePrior year $143,863$146,839
I-10 Investment incomePrior year $1,195$620
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $235,040$237,108
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $41,897$50,017
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $293,083$297,003
I-18 Total expensesPrior year $334,980$347,020
I-19 Revenue less expensesPrior year −$99,940−$109,912
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $237,108 across 5 lines filed
VIII-1e Government grants$89,649
VIII-1h Total contributions, gifts and grants$89,649
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $146,839$146,839
VIII-3 Investment incomeExcluded from tax $620$620
VIII-12 Total revenueRelated to mission $146,839 · Unrelated business $0 · Excluded from tax $620$237,108
Part IX · Statement of functional expenses $347,020 across 11 lines filed
IX-7 Other salaries and wagesPrograms $33,289$33,289
IX-9 Other employee benefitsPrograms $8,914$8,914
IX-10 Payroll taxesPrograms $7,814$7,814
IX-11a Management feesPrograms $27,271$27,271
IX-11c Accounting feesPrograms $7,635$7,635
IX-13 Office expensesPrograms $7,817$7,817
IX-19 Conferences, conventions and meetingsPrograms $124$124
IX-22 Depreciation, depletion and amortizationPrograms $118,071$118,071
IX-23 InsurancePrograms $10,792$10,792
IX-24 Other expenses (24a–d)Programs $124,585$124,585
IX-24e All other expensesPrograms $708$708
IX-25 Total functional expensesPrograms $347,020 · Management $0 · Fundraising $0$347,020
Part X · Balance sheet $3,540,121 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $3,248$3,438
X-4 Accounts receivableStart of year $1,331$749
X-9 Prepaid expenses and deferred chargesStart of year $9,981$1,033
X-10c Land, buildings and equipment, netStart of year $3,407,410$3,296,529
X-15 Other assetsStart of year $230,386$238,372
X-16 Total assetsStart of year $3,652,356$3,540,121
X-17 Accounts payable and accrued expensesStart of year $17,443$14,550
X-19 Deferred revenueStart of year $1,410$1,591
X-25 Other liabilitiesStart of year $14,430$14,819
X-26 Total liabilitiesStart of year $33,283$30,960
X-27 Net assets without donor restrictionsStart of year −$1,197,622−$1,307,534
X-28 Net assets with donor restrictionsStart of year $4,816,695$4,816,695
X-32 Total net assets or fund balancesStart of year $3,619,073$3,509,161
X-33 Total liabilities and net assetsStart of year $3,652,356$3,540,121
Part XI · Reconciliation of net assets $3,509,161 net assets at year end
XI-1 Total revenue$237,108
XI-2 Total expenses$347,020
XI-3 Revenue less expenses−$109,912
XI-4 Net assets at start of year$3,619,073
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,509,161

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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