Imagine Housing FY2020 filing

Tax-deductible

Bellevue, WA501(c)(3)Since 1989EIN 94-3110312Revenue $5.5M in FY2020

On file with the IRSimaginehousing.org1722 138th Pl Ne, 98005-2367 · Bellevue, WATax-exempt since May 1994Publicly supported charity — 170(b)(1)(A)(vi)

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Developing permanent affordable rental Housing and providing supportive services.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$329K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
2 of 5
filings with a surplus
Average deficit $152K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$329K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $138K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$16.0M
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.5M
Spent
$6.7M
To programs
80%
Net assets
$16.2M
By yearFY2020–FY2024
Revenue
$5.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.5M
FY2021$6.1M
FY2022$7.7M
FY2023$9.1M
FY2024$12.0M
Expenses
$6.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$6.7M
FY2021$6.1M
FY2022$8.5M
FY2023$9.4M
FY2024$10.6M
Net assets
$16.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$16.2M
FY2021$16.3M
FY2022$19.6M
FY2023$17.5M
FY2024$18.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 May 1994.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $5.4M Management & general 10% · $647K Fundraising 10% · $682K

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

19 people listed on the 990; $329K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$155,681Pt VII · Sec A
Director of Finance
$96,660Pt VII · Sec A
$76,920Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Yichuan Zhao$187,749—$25,271——
Yichun Zhao—$182,740———
Troy Drawz$159,207$156,123$101,283——
Villette Nolon————$155,681
Sean Heron——$129,786$151,847—
Zee Peters$144,167$103,883———
Eunice Springs$140,704$138,065$112,286——
Kristin Granstrand$134,482————

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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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 15aYes
  • Loans to or from officersSch L · Pt II7 listed

Programs and updates

Develops permanent affordable rental housing and provides on-site supportive services for low-income households and individuals facing homelessness in East King County.

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Provided by the organization

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1 program · $5.4M · in their own filed words · FY2020
01

Imagine housing provides permanent affordable rental housing with wrap around services for low-income seniors, veterans, individuals and families in east king county. Our 15 apartment communities provide 639 homes for over 1,300 people, including nearly 500 children, 275 seniors, 75 veterans and 130 people with disabilities.

$5.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 9 grants · $687K · 2020–2024
280 Clark LPFY2024$66,710
280 Clark LPFY2023$75,631
280 Clark LPFY2022$90,257
280 Clark LPFY2022$90,257
280 Clark LPFY2021$66,814
Unitemized GrantFY2020$167,002
280 Clark LPFY2020$70,236
Unitemized GrantFY2020$30,000
Unitemized GrantFY2020$29,800

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.5M
Ln 12
Fees for servicesLn 2g$3.3M
Gifts and grantsLn 1h$1.8M
Other incomeLn 4–11$503K
Money outPt IX
$6.7M
Ln 25
Programscol B$5.4M
Managementcol C$647K
Fundraisingcol D$682K
Owns and owesPt X
$16.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$32.3M
LiabilitiesLn 26$16.0M
PeoplePt VI, VII
19
listed · VII A
PaidVII A3
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Government grantsLn 1e$662K
Noncash giftsLn 1g$151K
Fundraising eventsLn 1c$333K
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$13K
Other incomeLn 4–11$503K
Gains on assetsLn 7$513
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
CashLn 1$2.5M
SavingsLn 2$251K
Cash and savings togetherLn 1–2$2.8M
InvestmentsLn 11–13$3.4M
Land, buildings, equipmentLn 10c$23.8M
Other assetsLn 15$1.5M
Total assetsLn 16$32.3M
LiabilitiesLn 26$16.0M
Net assetsLn 32$16.2M
OperationsPt I, VI
EmployeesI 541
VolunteersI 6111
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
LineStart FY20End FY20
Cash and savingsLn 1–2$3.2M$2.8M
InvestmentsLn 11–13$3.7M$3.4M
Land, buildings, equipmentLn 10c$24.1M$23.8M
Total assetsLn 16$33.2M$32.3M
LiabilitiesLn 26$15.8M$16.0M
Net assetsLn 32$17.4M$16.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$70K$70K
Grants to domestic individualsLn 2$227K$227K
Pay of current officers, directors and key staffLn 5$337K$159K$135K$43K
Other salaries and wagesLn 7$1.9M$1.3M$285K$257K
Pension plan contributionsLn 8$32K$23K$6K$3K
Other employee benefitsLn 9$274K$197K$49K$28K
Payroll taxesLn 10$181K$128K$34K$19K
Legal feesLn 11b$62K$50K$11K
Accounting feesLn 11c$44K$41K$2K$1K
Other fees for servicesLn 11g$447K$304K$35K$108K
Advertising and promotionLn 12$20K$4K$16K
Office expensesLn 13$347K$187K$27K$133K
OccupancyLn 16$636K$572K$36K$28K
TravelLn 17$6K$5K$171$338
Conferences, conventions and meetingsLn 19$37K$15K$18K$4K
InterestLn 20$258K$234K$25K
Depreciation, depletion and amortizationLn 22$553K$553K
InsuranceLn 23$131K$120K$6K$5K
Other expenses (24a–d)Ln 24$1.1M$1.1M
All other expensesLn 24e$55K$43K$2K$10K
Total functional expensesLn 25$6.7M$5.4M$647K$682K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $12.0M$10.6M$1.5M$18.7M 990 PDF
FY2023 $9.1M$9.4M−$316K$17.5M 990 PDF
FY2022 $7.7M$8.5M−$781K$19.6M 990 PDF
FY2021 $6.1M$6.1M$49K$16.3M 990 PDF
FY2020 Viewing $5.5M$6.7M−$1.2M$16.2M 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 FY2020 990 (6 parts)
Part I · Summary $5,540,324 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,178,301$1,763,074
I-9 Program service revenuePrior year $4,037,950$3,260,330
I-10 Investment incomePrior year $123,073$13,488
I-11 Other revenuePrior year $685,821$503,432
I-12 Total revenuePrior year $7,025,145$5,540,324
I-13 Grants and similar amounts paidPrior year $0$297,038
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,399,450$2,698,282
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,791,259$3,711,901
I-18 Total expensesPrior year $5,190,709$6,707,221
I-19 Revenue less expensesPrior year $1,834,436−$1,166,897
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,540,324 across 11 lines filed
VIII-1c Fundraising events$332,550
VIII-1e Government grants$661,704
VIII-1f All other contributions, gifts and grants$768,820
VIII-1g Noncash contributions (included above)$150,550
VIII-1h Total contributions, gifts and grants$1,763,074
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,260,330$3,260,330
VIII-3 Investment incomeExcluded from tax $12,975$12,975
VIII-6 Net rental income or lossRelated to mission $520,840$520,840
VIII-7 Net gain or loss on sales of assetsExcluded from tax $513$513
VIII-8 Net income from fundraising eventsExcluded from tax −$17,408−$17,408
VIII-12 Total revenueRelated to mission $3,781,170 · Unrelated business $0 · Excluded from tax −$3,920$5,540,324
Part IX · Statement of functional expenses $6,707,221 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $70,236$70,236
IX-2 Grants to domestic individualsPrograms $226,802$226,802
IX-5 Pay of current officers, directors and key staffPrograms $158,619 · Management $135,083 · Fundraising $43,253$336,955
IX-7 Other salaries and wagesPrograms $1,331,943 · Management $285,085 · Fundraising $257,439$1,874,467
IX-8 Pension plan contributionsPrograms $22,630 · Management $6,026 · Fundraising $3,300$31,956
IX-9 Other employee benefitsPrograms $197,107 · Management $48,926 · Fundraising $27,859$273,892
IX-10 Payroll taxesPrograms $128,186 · Management $34,134 · Fundraising $18,692$181,012
IX-11b Legal feesPrograms $50,272 · Management $11,273$61,545
IX-11c Accounting feesPrograms $40,959 · Management $1,596 · Fundraising $1,260$43,815
IX-11g Other fees for servicesPrograms $304,337 · Management $35,291 · Fundraising $107,543$447,171
IX-12 Advertising and promotionPrograms $3,842 · Fundraising $16,443$20,285
IX-13 Office expensesPrograms $186,698 · Management $27,297 · Fundraising $132,611$346,606
IX-16 OccupancyPrograms $572,495 · Management $35,721 · Fundraising $28,201$636,417
IX-17 TravelPrograms $5,105 · Management $171 · Fundraising $338$5,614
IX-19 Conferences, conventions and meetingsPrograms $14,686 · Management $18,158 · Fundraising $4,301$37,145
IX-20 InterestPrograms $233,566 · Fundraising $24,700$258,266
IX-22 Depreciation, depletion and amortizationPrograms $552,869$552,869
IX-23 InsurancePrograms $119,734 · Management $6,487 · Fundraising $5,122$131,343
IX-24 Other expenses (24a–d)Programs $1,115,406$1,115,406
IX-24e All other expensesPrograms $43,131 · Management $1,816 · Fundraising $10,472$55,419
IX-25 Total functional expensesPrograms $5,378,623 · Management $647,064 · Fundraising $681,534$6,707,221
Part X · Balance sheet $32,250,332 assets, 18 lines filed
Asset lines not itemized here account for $386,283; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,889,860$2,547,618
X-2 Savings and temporary cash investmentsStart of year $346,742$250,616
X-3 Pledges and grants receivableStart of year $549,430$87,719
X-4 Accounts receivableStart of year $25,865$105,985
X-9 Prepaid expenses and deferred chargesStart of year $98,768$143,365
X-10c Land, buildings and equipment, netStart of year $24,052,836$23,824,836
X-13 Program-related investmentsStart of year $3,701,722$3,409,421
X-14 Intangible assetsStart of year $30,000$30,000
X-15 Other assetsStart of year $953,585$1,464,489
X-16 Total assetsStart of year $33,170,607$32,250,332
X-17 Accounts payable and accrued expensesStart of year $193,025$226,910
X-24 Unsecured notes and loans payableStart of year $760,000$760,000
X-25 Other liabilitiesStart of year $307,517$778,400
X-26 Total liabilitiesStart of year $15,782,564$16,028,305
X-27 Net assets without donor restrictionsStart of year $16,687,838$15,521,822
X-28 Net assets with donor restrictionsStart of year $700,205$700,205
X-32 Total net assets or fund balancesStart of year $17,388,043$16,222,027
X-33 Total liabilities and net assetsStart of year $33,170,607$32,250,332
Part XI · Reconciliation of net assets $16,222,027 net assets at year end
XI-1 Total revenue$5,540,324
XI-2 Total expenses$6,707,221
XI-3 Revenue less expenses−$1,166,897
XI-4 Net assets at start of year$17,388,043
XI-5 Net unrealized gains (losses) on investments$881
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,222,027

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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