Building Credits

IRS exemption revoked

Everett, WAUnknown exempt organizationEIN 91-1654582

Organization and management of tax credit entities which develop, build and manage low-income housing facilities.

Mission: Form 990 Part I, line 1

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Liabilities
$91K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$21K
Spent
$0
Net assets
$831K

From the FY2021 Form 990 (year ending June 2021) · see the original

IRS revoked this organization's tax-exempt status on November 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Sec/Treas/CEO
$0Pt VII · Sec A
See Building Credits 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, builds, and manages low-income housing facilities using tax credits.

Provided by the organization

This section is blank until Building Credits claims this page.

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1 program service, described in the organization's own filed words · FY2020.
01

Organization and management of tax credit entities that develop, build and manage low-income housing facilities.

Pt IX · col B

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$21K
Ln 12
Fees for servicesLn 2g$21K
Money outPt IX
$0
Ln 25
Owns and owesPt X
$831K
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$922K
LiabilitiesLn 26$91K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$21K
Total revenueLn 12$21K
Assets in detailPt X, end of year
CashLn 1$81K
Cash and savings togetherLn 1–2$81K
Other assetsLn 15$664K
Total assetsLn 16$922K
LiabilitiesLn 26$91K
Net assetsLn 32$831K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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
LineStart FY21End FY21
Cash and savingsLn 1–2$81K$81K
Total assetsLn 16$1.6M$922K
LiabilitiesLn 26$91K$91K
Net assetsLn 32$1.5M$831K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $21K$0$21K$831K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $21,292 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,292$21,292
VIII-12 Total revenueRelated to mission $21,292$21,292
Part IX · Statement of functional expenses $0 across 29 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expenses$0
Part X · Balance sheet $922,278 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $80,692$80,692
X-4 Accounts receivable$177,493
X-15 Other assetsStart of year $1,495,741$664,093
X-16 Total assetsStart of year $1,576,433$922,278
X-17 Accounts payable and accrued expensesStart of year $91,330$91,330
X-26 Total liabilitiesStart of year $91,330$91,330
X-27 Net assets without donor restrictionsStart of year $1,485,103$830,948
X-32 Total net assets or fund balancesStart of year $1,485,103$830,948
X-33 Total liabilities and net assetsStart of year $1,576,433$922,278
Part XI · Reconciliation of net assets $830,948 net assets at year end
XI-1 Total revenue$21,292
XI-2 Total expenses$0
XI-3 Revenue less expenses$21,292
XI-4 Net assets at start of year$1,485,103
XI-9 Other changes in net assets−$675,447
XI-10 Net assets at end of year$830,948

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

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