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Housing Lopez FY2021 filing

Tax-deductible

Lopez Island, WA501(c)(3)Since 2018Housing EIN 83-1734958Revenue $1.2M in FY2021

On file with the IRShousinglopez.orgPo Box 493, 98261-0493 · Lopez Island, WATax-exempt since Oct 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Housing Lopez is a non-profit organization dedicated to solving the rental housing crisis on Lopez Island by developing dedicated, affordable, sustainable rental housing communities.(See Schedule O for the full mission statement.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.4M a year · 59% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
79 mo
of spending, in cash
Looks good: 78.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $1.3M
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$604K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+228% vs prior year
Spent
$29K
To programs
62%
Net assets
$1.7M
By yearFY2019–FY2024
Revenue
$1.2M
FY2021▲ +228%
Tap a bar for its year
Revenue by fiscal year
FY2019$316K
FY2020$368K
FY2021$1.2M
FY2022$1.5M
FY2023$1.7M
FY2024$9.1M
Expenses
$29K
FY2021▼ -80%
Tap a bar for its year
Expenses by fiscal year
FY2019$39K
FY2020$147K
FY2021$29K
FY2022$202K
FY2023$459K
FY2024$5.0M
Net assets
$1.7M
FY2021▲ +232%
Tap a bar for its year
Net assets by fiscal year
FY2019$287K
FY2020$507K
FY2021$1.7M
FY2022$3.0M
FY2023$4.3M
FY2024$8.4M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2018.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $18K Management & general 30% · $9K Fundraising 8% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Bill Johnson
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
John Taylor
Co Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Housing Lopez 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

Develops affordable, sustainable rental housing communities to address the island's housing crisis.

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Provided by the organization

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2 programs · $18K · in their own filed words · FY2021
01

Fish Bay Project

Completed development and construction of six modular rental units. Received occupancy permit 11 19-2021. Each cottage (unit) is 843 square feet, with 2 bedrooms and 1 bathroom. Five of the six units were occupied by the end of the year (The sixth unit was rented early in 2022.) Three of the units are low income housing and three of the…

$18Kprogram expense
02

There has been no change with Project M during 2021 as the owner was not ready to sell yet. Housing Lopez continues to have a Right of First Refusal at the time that the property becomes available.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
The Paul G Allen Family FoundationFY2024$750K
The Seattle FoundationFY2024$210K
Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$155K
Donor Advised Charitable Giving INCFY2024$88K
National Philanthropic TrustFY2024$21K
Vanguard Charitable Endowment ProgramFY2024$18K
Fidelity Investments Charitable Gift FundFY2024$17K
Mightycause Charitable FoundationFY2024$7K
Total grants receivedfrom 9 funders$1.3M
See all 9 funders →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$6K
Investment incomeLn 3$67
Money outPt IX
$29K
Ln 25
Programscol B$18K
Managementcol C$9K
Fundraisingcol D$2K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$191K
Total assetsLn 16$2.3M
LiabilitiesLn 26$604K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$600K
Investment incomeLn 3$67
Other incomeLn 4–11$6K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$112K
SavingsLn 2$78K
Cash and savings togetherLn 1–2$191K
Land, buildings, equipmentLn 10c$2.1M
Total assetsLn 16$2.3M
LiabilitiesLn 26$604K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
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$447K$191K
Land, buildings, equipmentLn 10c$60K$2.1M
Total assetsLn 16$507K$2.3M
LiabilitiesLn 26$0$604K
Net assetsLn 32$507K$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$240$240
Advertising and promotionLn 12$2K$32$86$2K
Office expensesLn 13$3K$417$2K$350
Information technologyLn 14$274$274
OccupancyLn 16$3K$3K
InterestLn 20$6K$6K
InsuranceLn 23$2K$2K$370
Other expenses (24a–d)Ln 24$13K$10K$3K
Total functional expensesLn 25$29K$18K$9K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $9.1M$5.0M$4.1M$8.4M 990 PDF
FY2023 $1.7M$459K$1.3M$4.3M 990 PDF
FY2022 $1.5M$202K$1.3M$3.0M 990 PDF
FY2021 Viewing $1.2M$29K$1.2M$1.7M 990 PDF
FY2020 $368K$147K$220K$507K 990 PDF
FY2019 $316K$39K$277K$287K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,205,303 revenue, 12 lines filed
I-8 Contributions and grants$1,199,106
I-9 Program service revenue$0
I-10 Investment income$67
I-11 Other revenue$6,130
I-12 Total revenue$1,205,303
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$29,044
I-18 Total expenses$29,044
I-19 Revenue less expenses$1,176,259
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $1,205,303 across 6 lines filed
VIII-1e Government grants$600,000
VIII-1f All other contributions, gifts and grants$599,106
VIII-1h Total contributions, gifts and grants$1,199,106
VIII-3 Investment incomeRelated to mission $67$67
VIII-6 Net rental income or lossRelated to mission $6,130$6,130
VIII-12 Total revenueRelated to mission $6,197 · Unrelated business $0 · Excluded from tax $0$1,205,303
Part IX · Statement of functional expenses $29,044 across 8 lines filed
IX-11g Other fees for servicesManagement $240$240
IX-12 Advertising and promotionPrograms $32 · Management $86 · Fundraising $1,983$2,101
IX-13 Office expensesPrograms $417 · Management $2,413 · Fundraising $350$3,180
IX-14 Information technologyManagement $274$274
IX-16 OccupancyManagement $2,722$2,722
IX-20 InterestPrograms $5,991$5,991
IX-23 InsurancePrograms $1,501 · Management $370$1,871
IX-24 Other expenses (24a–d)Programs $10,045 · Management $2,620$12,665
IX-25 Total functional expensesPrograms $17,986 · Management $8,725 · Fundraising $2,333$29,044
Part X · Balance sheet $2,287,302 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $447,345$112,465
X-2 Savings and temporary cash investments$78,099
X-9 Prepaid expenses and deferred charges$1,475
X-10c Land, buildings and equipment, netStart of year $60,000$2,095,263
X-16 Total assetsStart of year $507,345$2,287,302
X-25 Other liabilities$6,300
X-26 Total liabilitiesStart of year $0$603,698
X-27 Net assets without donor restrictionsStart of year $507,345$1,683,604
X-32 Total net assets or fund balancesStart of year $507,345$1,683,604
X-33 Total liabilities and net assetsStart of year $507,345$2,287,302
Part XI · Reconciliation of net assets $1,683,604 net assets at year end
XI-1 Total revenue$1,205,303
XI-2 Total expenses$29,044
XI-3 Revenue less expenses$1,176,259
XI-4 Net assets at start of year$507,345
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,683,604

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

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