Housing Lopez EIN 83-1734958 Form 990 (PDF) Claim this org

Housing Lopez FY2019 filing

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Develops affordable, sustainable rental housing communities to address the island's housing crisis. For fiscal year 2019 it reported $316K in revenue, $39K in expenses, and $287K in net assets.Pt I

Founded
2018
Type
Public charity (501(c)(3)) · Housing
Location
Lopez Island, WA
Website
housinglopez.org
Filings
6 on file (2019–2019)
Revenue
$316KFY2019
Expenses
$39K
Net assets
$287K
People
11
Filings
6
Updates
0
More identity details & actions ⌄
EIN  83-1734958 Public charity (501(c)(3)) Lopez Island, WA Founded 2018
Form 990 (PDF)
You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/14/26 · see original: IRS
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Size
$1–10M
What they do
Develops affordable, sustainable rental housing communities to address the island's housing crisis.
Leadership
Jeffrey Daggett · Director
Money in and out
$316K revenue, $39K expenses
Bottom line
82% program efficiency
Where the money goes · FY2019
Total revenue
$316K
Pt VIII · Ln 12
Total expenses
$39K
Pt IX · Ln 25
Net assets
$287K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $277K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.17 Fundraising $0.01
Program efficiency
82%
of spending reaches programs
Operating runway
69.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+88%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2019 · Form 990
Revenue
$316K
FY2019
Expenses
$39K
FY2019
Total assets
$287K
FY2019
Total liabilities
$0
FY2019
Total revenue
$316K
Pt VIII · Ln 12
Total expenses
$39K
Pt IX · Ln 25
Net assets
$287K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$277K
Total assetsPt X · Ln 16$287K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

2 program services account for $32K of program spending, described in the organization's own filed words · FY2019.
01

Fishbay Project

Purchased a parcel of land for our first rental housing project. Made the decision to build six 2-bedroom modular homes on the site. Proceeded with site assessment, wetlands survey, schematic design of homes, architectural design, and preconstruction costs of the modular homes.

$31Kprogram expense
02

Project M

Paid for appraisal on second parcel for potential as second building site.

$2Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHousing Lopez
EINHdr · item D83-1734958
Principal addressHdr · item CLopez Island, WA
WebsiteHdr · item Jhousinglopez.org
Year of formationHdr · item L2018
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21)
Ruling yearIRS BMFOct 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Co Chair
$0Pt VII · Sec A
Co Chair
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$316K
Total revenueLn 12$316K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.17 Fundraising $0.01
Program services82%$32K
Management & general17%$7K
Fundraising1%$332
Total functional expensesLn 25$39K

Balance Sheet

Part X · end of year
CashLn 1$227K
Total assetsLn 16$287K
Total liabilitiesLn 26$0
Total net assetsLn 32$287K
Months of cash on handcomputed69.4

Financial Metrics

Form 990 · FY2019 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $227K · Operating expenses/yr $39K
69.4 months
Where the money goes
Program services
Program services $32K · Total expenses $39K
82%
Management & General
Management & general $7K · Total expenses $39K
17%
Fundraising
Fundraising $332 · Total expenses $39K
0.8%
Cost to raise $1
Fundraising expense $332 · Solicited contributions $316K
$0.00 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $316K · Total revenue $316K
100%
Government reliance
Government grants $0 · Total revenue $316K
0%
Earned-income share
Program service revenue $0 · Total revenue $316K
0%
Investment reliance
Investment income $0 · Total revenue $316K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $39K
0%
Growth & trend
Revenue growth (YoY)
This year $316K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $287K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $316K · Expenses $39K
+88%
Liabilities-to-Assets
Total liabilities — · Total assets $287K
Net-asset ratio
Net assets $287K · Total assets $287K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $287K
0%
People & payroll
Highest Reported Total Compensation
Individual Jeffrey Daggett · Reported title Director · Highest reported compensation $0 · Total expenses $39K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $39K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 17%
Fundraising cost ratio 0.1%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$9.1M revenue · ⤓ 990 PDF
FY2023$1.7M revenue · ⤓ 990 PDF
FY2022$1.5M revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$368K revenue · ⤓ 990 PDF
FY2019$316K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2019IRS
Classification, formation year, addressIRS Business Master File
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