Interim Housing Association: FY2023 Nonprofit Profile & 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% · $912K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation

Pradeepta Upadhyay

Executive Di

$0Pt VII · Sec A

Medhat Adib

CFO

$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 →

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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

Builds and manages affordable homes for low-income families.

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Provided by the organization

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1 program · $912K · in their own filed words · FY2023

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.

$912Kprogram 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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$782K

Ln 12

Fees for servicesLn 2g$707K

Investment incomeLn 3$75K

Money outPt IX

$912K

Ln 25

Programscol B$912K

Owns and owesPt X

$6.8M

net assets · Ln 32

Cash and savingsLn 1–2$1.7M

Total assetsLn 16$13.6M

LiabilitiesLn 26$6.8M

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$707K

Investment incomeLn 3$75K

Total revenueLn 12$782K

Assets in detailPt X, end of year

CashLn 1$64K

SavingsLn 2$1.6M

Cash and savings togetherLn 1–2$1.7M

Land, buildings, equipmentLn 10c$8.1M

Other assetsLn 15$177K

Total assetsLn 16$13.6M

LiabilitiesLn 26$6.8M

Net assetsLn 32$6.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 63

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$1.8M	$1.7M
Land, buildings, equipmentLn 10c	$8.4M	$8.1M
Total assetsLn 16	$13.7M	$13.6M
LiabilitiesLn 26	$6.8M	$6.8M
Net assetsLn 32	$6.9M	$6.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$14K	$14K
Other fees for servicesLn 11g	$10K	$10K
Office expensesLn 13	$13K	$13K
OccupancyLn 16	$131K	$131K
InterestLn 20	$57K	$57K
Depreciation, depletion and amortizationLn 22	$317K	$317K
InsuranceLn 23	$39K	$39K
Other expenses (24a–d)Ln 24	$307K	$307K
All other expensesLn 24e	$23K	$23K
Total functional expensesLn 25	$912K	$912K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$2.4M	$1.2M	$1.2M	$8.0M	990 PDF
FY2023 Viewing	$782K	$912K	−$129K	$6.8M	990 PDF
FY2022	$4.5M	$1.9M	$2.7M	$6.9M	990 PDF
FY2021	$2.3M	$1.8M	$517K	$4.2M	990 PDF
FY2020	$3.2M	$822K	$2.4M	$3.7M	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 FY2023 990 (6 parts)

Part I · Summary $782,373 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $1,423,057$707,374

I-10 Investment incomePrior year $3,111,024$75,234

I-11 Other revenuePrior year −$32−$235

I-12 Total revenuePrior year $4,534,049$782,373

I-13 Grants and similar amounts paidPrior year $139,595$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,719,736$911,862

I-18 Total expensesPrior year $1,859,331$911,862

I-19 Revenue less expensesPrior year $2,674,718−$129,489

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 $782,373 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $707,374$707,374

VIII-3 Investment incomeRelated to mission $75,202 · Excluded from tax $32$75,234

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$235−$235

VIII-12 Total revenueRelated to mission $782,341 · Excluded from tax $32$782,373

Part IX · Statement of functional expenses $911,862 across 9 lines filed

IX-11a Management feesPrograms $14,479$14,479

IX-11g Other fees for servicesPrograms $10,481$10,481

IX-13 Office expensesPrograms $13,171$13,171

IX-16 OccupancyPrograms $131,227$131,227

IX-20 InterestPrograms $56,760$56,760

IX-22 Depreciation, depletion and amortizationPrograms $316,670$316,670

IX-23 InsurancePrograms $38,869$38,869

IX-24 Other expenses (24a–d)Programs $307,039$307,039

IX-24e All other expensesPrograms $23,166$23,166

IX-25 Total functional expensesPrograms $911,862 · Management $0 · Fundraising $0$911,862

Part X · Balance sheet $13,615,441 assets, 13 lines filed

Asset lines not itemized here account for $3,572,891; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $55,404$64,224

X-2 Savings and temporary cash investmentsStart of year $1,729,370$1,607,469

X-4 Accounts receivableStart of year $99,753$79,415

X-9 Prepaid expenses and deferred chargesStart of year $28,559$42,931

X-10c Land, buildings and equipment, netStart of year $8,360,166$8,071,557

X-15 Other assetsStart of year $177,897$176,954

X-16 Total assetsStart of year $13,684,934$13,615,441

X-17 Accounts payable and accrued expensesStart of year $56,206$110,240

X-19 Deferred revenueStart of year $8,162$31,348

X-26 Total liabilitiesStart of year $6,764,665$6,824,662

X-27 Net assets without donor restrictionsStart of year $6,920,269$6,790,779

X-32 Total net assets or fund balancesStart of year $6,920,269$6,790,779

X-33 Total liabilities and net assetsStart of year $13,684,934$13,615,441

Part XI · Reconciliation of net assets $6,790,779 net assets at year end

XI-1 Total revenue$782,373

XI-2 Total expenses$911,862

XI-3 Revenue less expenses−$129,489

XI-4 Net assets at start of year$6,920,269

XI-8 Prior period adjustments−$1

XI-10 Net assets at end of year$6,790,779

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Interim Housing Association FY2023 filing

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