Imagine Housing FY2022 filing

Tax-deductible

Bellevue, WA501(c)(3)Since 1989EIN 94-3110312Revenue $7.7M in FY2022

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

Tell your story. Claim this org

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.
$1.3M 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

FY2022 · 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
$1.3M
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 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
$30.0M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
2
of 8 voting members
Worth a look: 2 of 8 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.7M
+26% vs prior year
Spent
$8.5M
To programs
80%
Net assets
$19.6M
By yearFY2020–FY2024
Revenue
$7.7M
FY2022▲ +26%
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
$8.5M
FY2022▲ +40%
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
$19.6M
FY2022▲ +20%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 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% · $6.8M Management & general 14% · $1.2M Fundraising 6% · $512K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

31 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$129,786Pt VII · Sec A
President & CEO
$129,786Pt VII · Sec A
Director of Advancement
$128,450Pt VII · Sec A
Director of Advancement
$128,450Pt VII · Sec A
Director of People & Culture
$112,286Pt VII · Sec A
Director of People & Culture
$112,286Pt VII · Sec A
Controller
$101,944Pt VII · Sec A
Controller
$101,944Pt 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.

See Imagine Housing executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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 II10 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.

Questions for Imagine Housing

Tap to ask. Imagine Housing sees how many people are interested.

Your first name shows with your question. Imagine Housing answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $13.5M · in their own filed words · FY2022
01

See schedule o

$6.8Mprogram expense
02

See schedule o

$6.7Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$7.7M
Ln 12
Fees for servicesLn 2g$5.1M
Gifts and grantsLn 1h$2.1M
Other incomeLn 4–11$506K
Money outPt IX
$8.5M
Ln 25
Programscol B$6.8M
Managementcol C$1.2M
Fundraisingcol D$512K
Owns and owesPt X
$19.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$49.6M
LiabilitiesLn 26$30.0M
PeoplePt VI, VII
31
listed · VII A
PaidVII A14
Voting boardVI 1a8
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$1.1M
Fees for servicesLn 2g$5.1M
Investment incomeLn 3$6K
Other incomeLn 4–11$506K
Total revenueLn 12$7.7M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$2.8M
Total assetsLn 16$49.6M
LiabilitiesLn 26$30.0M
Net assetsLn 32$19.6M
OperationsPt I, VI
EmployeesI 541
VolunteersI 6111
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

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 Viewing $7.7M$8.5M−$781K$19.6M 990 PDF
FY2021 $6.1M$6.1M$49K$16.3M 990 PDF
FY2020 $5.5M$6.7M−$1.2M$16.2M 990 PDF

More to add? Claim this org

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 FY2022 990 (1 part)
Part VI · Governance 2 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members2
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

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.