Interim Housing Association: Nonprofit Profile, Financials & Form 990 (EIN 91-1630508)

Revenue by fiscal year
FY2020	$3.2M
FY2021	$2.3M
FY2022	$4.5M
FY2023	$782K
FY2024	$2.4M

Expenses by fiscal year
FY2020	$822K
FY2021	$1.8M
FY2022	$1.9M
FY2023	$912K
FY2024	$1.2M

Net assets by fiscal year
FY2020	$3.7M
FY2021	$4.2M
FY2022	$6.9M
FY2023	$6.8M
FY2024	$8.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1995.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $1.2M

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

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation

Medhat Adib

CFO

$0Pt VII · Sec A

Pradeepta Upadhyay

Executive Di

$0Pt VII · Sec A

Leslie Morishita

Real Estate

$0Pt VII · Sec A

Curtis McGuire

President

$0Pt VII · Sec A

Marie Wong

Vice Preside

$0Pt VII · Sec A

Dick Woo

Secretary/Tr

$0Pt VII · Sec A

See Interim Housing Association executive salaries →

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

Builds and manages affordable homes for low-income families.

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1 program · $1.2M · in their own filed words · FY2024

01

Operation and Development of Low-Income Housing Buildings

The NP hotel, 63 low-income units with some commercial space. The eastern hotel, 46 low-income units with some commercial space. The samaki commons, 41 low-income units. Nihonmachi terrace, 50 low-income units with some commerical space. Hirabayashi place, 96 low-income units and a child care center.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-1630508) · Dispute this line

$1.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 2 grants · $183K · 2022–2024

Interim Community Development AssociationWA · FY2024$43,365

Interim Community Development AssociationWA · FY2022$139,595

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$2.4M

Ln 12

Gifts and grantsLn 1h$1.5M

Fees for servicesLn 2g$835K

Investment incomeLn 3$95K

Money outPt IX

$1.2M

Ln 25

Programscol B$1.2M

Owns and owesPt X

$8.0M

net assets · Ln 32

Cash and savingsLn 1–2$2.5M

Total assetsLn 16$22.0M

LiabilitiesLn 26$14.0M

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.5M

Noncash giftsLn 1g$1.5M

Fees for servicesLn 2g$835K

Investment incomeLn 3$95K

Total revenueLn 12$2.4M

Assets in detailPt X, end of year

CashLn 1$236K

SavingsLn 2$2.3M

Cash and savings togetherLn 1–2$2.5M

Accounts receivableLn 4$128K

Notes and loans receivableLn 7$3.7M

Prepaid expenses and deferred chargesLn 9$49K

Land, buildings, equipmentLn 10c$15.4M

Other assetsLn 15$189K

Total assetsLn 16$22.0M

LiabilitiesLn 26$14.0M

Net assetsLn 32$8.0M

OperationsPt I, VI

EmployeesI 50

VolunteersI 63

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3More from this return

Abroad and in kindSch F, M

Noncash gifts receivedSch M Pt I$1.5M

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$1.7M	$2.5M
Land, buildings, equipmentLn 10c	$8.1M	$15.4M
Total assetsLn 16	$13.6M	$22.0M
LiabilitiesLn 26	$6.8M	$14.0M
Net assetsLn 32	$6.8M	$8.0M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$43K	$43K
Management feesLn 11a	$19K	$19K
Other fees for servicesLn 11g	$15K	$15K
Office expensesLn 13	$12K	$12K
OccupancyLn 16	$125K	$125K
InterestLn 20	$42K	$42K
Depreciation, depletion and amortizationLn 22	$343K	$343K
InsuranceLn 23	$61K	$61K
Other expenses (24a–d)Ln 24	$403K	$403K
All other expensesLn 24e	$146K	$146K
Total functional expensesLn 25	$1.2M	$1.2M	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025	$2.4M	$1.2M	$1.2M	$8.0M	990 PDF
FY2023Filed with the IRS Oct 2, 2024	$782K	$912K	−$129K	$6.8M	990 PDF
FY2022Filed with the IRS Nov 15, 2023	$4.5M	$1.9M	$2.7M	$6.9M	990 PDF
FY2021Filed with the IRS Nov 9, 2022	$2.3M	$1.8M	$517K	$4.2M	990 PDF
FY2020Filed with the IRS Nov 12, 2021	$3.2M	$822K	$2.4M	$3.7M	990 PDF

Schedules filed Part IV

A · Public support I · Grants M · Noncash O · Explanations

See the full FY2024 990

Part I · Summary $2,442,572 revenue, 12 lines filed

I-8 Contributions and grants$1,512,376

I-9 Program service revenuePrior year $707,374$835,217

I-10 Investment incomePrior year $75,234$94,979

I-11 Other revenuePrior year −$235$0

I-12 Total revenuePrior year $782,373$2,442,572

I-13 Grants and similar amounts paid$43,365

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $911,862$1,164,802

I-18 Total expensesPrior year $911,862$1,208,167

I-19 Revenue less expensesPrior year −$129,489$1,234,405

Part VI · Governance 3 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $2,442,572 across 6 lines filed

VIII-1f All other contributions, gifts and grants$1,512,376

VIII-1g Noncash contributions (included above)$1,512,376

VIII-1h Total contributions, gifts and grants$1,512,376

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $835,217$835,217

VIII-3 Investment incomeRelated to mission $82,800 · Excluded from tax $12,179$94,979

VIII-12 Total revenueRelated to mission $918,017 · Excluded from tax $12,179$2,442,572

Part IX · Statement of functional expenses $1,208,167 across 10 lines filed

IX-1 Grants to domestic organizationsPrograms $43,365$43,365

IX-11a Management feesPrograms $18,652$18,652

IX-11g Other fees for servicesPrograms $15,129$15,129

IX-13 Office expensesPrograms $11,531$11,531

IX-16 OccupancyPrograms $124,857$124,857

IX-20 InterestPrograms $41,638$41,638

IX-22 Depreciation, depletion and amortizationPrograms $343,088$343,088

IX-23 InsurancePrograms $61,036$61,036

IX-24 Other expenses (24a–d)Programs $402,836$402,836

IX-24e All other expensesPrograms $146,035$146,035

IX-25 Total functional expensesPrograms $1,208,167 · Management $0 · Fundraising $0$1,208,167

Part X · Balance sheet $21,980,038 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $64,224$236,319

X-2 Savings and temporary cash investmentsStart of year $1,607,469$2,271,043

X-4 Accounts receivableStart of year $79,415$128,172

X-7 Notes and loans receivableStart of year $3,572,891$3,732,580

X-9 Prepaid expenses and deferred chargesStart of year $42,931$48,680

X-10c Land, buildings and equipment, netStart of year $8,071,557$15,374,272

X-15 Other assetsStart of year $176,954$188,972

X-16 Total assetsStart of year $13,615,441$21,980,038

X-17 Accounts payable and accrued expensesStart of year $110,240$254,227

X-19 Deferred revenueStart of year $31,348$104,589

X-23 Secured mortgages and notes payableStart of year $5,747,950$12,741,189

X-25 Other liabilitiesStart of year $935,124$890,230

X-26 Total liabilitiesStart of year $6,824,662$13,990,235

X-27 Net assets without donor restrictionsStart of year $6,790,779$7,989,803

X-32 Total net assets or fund balancesStart of year $6,790,779$7,989,803

X-33 Total liabilities and net assetsStart of year $13,615,441$21,980,038

Part XI · Reconciliation of net assets $7,989,803 net assets at year end

XI-1 Total revenue$2,442,572

XI-2 Total expenses$1,208,167

XI-3 Revenue less expenses$1,234,405

XI-4 Net assets at start of year$6,790,779

XI-9 Other changes in net assets−$35,381

XI-10 Net assets at end of year$7,989,803

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Interim Housing Association

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Interim Housing Association

Operation and Development of Low-Income Housing Buildings

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

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