Eastside Community Development Fund EIN 85-0997236

Eastside Community Development Fund

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Mobilizes businesses and civic groups to fund and advocate for community social needs. For fiscal year 2024 it reported $527K in revenue, $258K in expenses, and $296K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Bellevue, WA
Website
www.eastsidecdf.org
Filings
4 on file (2021–2024)
Revenue
$527KFY2024
Expenses
$258K
Net assets
$296K
People
15
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-0997236 Public charity (501(c)(3)) Bellevue, WA
Form 990 (PDF)
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Size
$100K–1M
What they do
Mobilizes businesses and civic groups to fund and advocate for community social needs.
Leadership
David Bowling · CEO · $206K
Money in and out
$527K revenue, $258K expenses
Bottom line
87% program efficiency
Where the money goes · FY2024
Total revenue
$527K
Pt VIII · Ln 12
Total expenses
$258K
Pt IX · Ln 25
Net assets
$296K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $268K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
13.8mo
months of highly liquid reserves at operating expense rate▲ +712% vs prior filing year
Surplus margin
+51%
revenue over expenses, this year▲ +556% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$527K
FY2024▲ +124%
Expenses
$258K
FY2024▲ +19%
Total assets
$296K
FY2024▲ ×11
Total liabilities
$0
FY2024
Total revenue
$527K
Pt VIII · Ln 12
Total expenses
$258K
Pt IX · Ln 25
Net assets
$296K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$268K
Total assetsPt X · Ln 16$296K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $202K of program spending, described in the organization's own filed words · FY2024.
01

Homelessness Data Initiatives, Policy and Project Planning

Eastside foundation had 38 meetings where the sub-regional plan was worked on, meetings with shelter and supportive service providers to help shape the plan, meetings with elected officials (council member balducci, mayor robinson, multiple other council members, rep. Slatter, mayor millman, mayor birney, and also meetings with kchra).

$116Kprogram expense
02

Building community engagement through outreaching, convening and networking : eastside foundation met with arch staff on 2 occasions, and also a for profit software company twice to explore how their product could streamline access to affordable housing units.

$62Kprogram expense
03

Mental Health and Addiction Support Resources

Eastside foundation connected with non-profits interested in having a substance use disorder professional degree launched in east king county to garner their continued support for launching this program at lake washington institute of technology.

$23Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEastside Community Development Fund
EINHdr · item D85-0997236
Principal addressHdr · item CBellevue, WA
WebsiteHdr · item Jwww.eastsidecdf.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L05)
Ruling yearIRS BMFDec 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$206,423Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

David Bowling’s $206K as CEO is at the 98th percentile of top reported officer pay among 849 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
David Bowling$206,423$152,520

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$527K
Investment income$1
Total revenueLn 12$527K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$225K
Management & general13%$34K
Total functional expensesLn 25$258K

Balance Sheet

Part X · end of year
CashLn 1$296K
Total assetsLn 16$296K
Total liabilitiesLn 26$0
Total net assetsLn 32$296K
Months of cash on handcomputed13.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $296K · Operating expenses/yr $258K
13.8 months
Where the money goes
Program services
Program services $225K · Total expenses $258K
87%
Management & General
Management & general $34K · Total expenses $258K
13%
Fundraising
Fundraising $0 · Total expenses $258K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $381K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $527K · Total revenue $527K
100%
Government reliance
Government grants — · Total revenue $527K
Earned-income share
Program service revenue $0 · Total revenue $527K
0%
Investment reliance
Investment income $1 · Total revenue $527K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $258K
0%
Growth & trend
Revenue growth (YoY)
This year $527K · Prior year $235K
+124%
Net-asset trend (YoY)
End of year $296K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $527K · Expenses $258K
+51%
Liabilities-to-Assets
Total liabilities — · Total assets $296K
Net-asset ratio
Net assets $296K · Total assets $296K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $296K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual David Bowling · Reported title CEO · Highest reported compensation $206K · Total expenses $258K
80%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $206K · Total expenses $258K
80%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0%
Revenue growth 124%

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
Total grants receivedfrom 3 funders$229K
See all 3 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)$527K revenue · viewing · ⤓ 990 PDF
FY2023$235K revenue · ⤓ 990 PDF
FY2022$140K revenue · ⤓ 990 PDF
FY2021$191K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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