Housing Resources Bainbridge

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Housing Resources Bainbridge is a community land trust, conserving land for permanently affordable housing. By making it possible for people of diverse backgrounds and incomes to live on Bainbridge, we are building a more equitable, inclusive, and healthy community.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 95-0068013) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 14 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $2.0M a year · 55% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
82% of spending went to programs.
Pt IX · Ln 25 · col B
30.8 mo
of spending, in cash
30.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $52K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$3.3M
15% of total assets
Liabilities are 15% of assets.
Pt X · Ln 26
Independent board members
14
of 14 voting members
14 of 14 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$8.5M
+42% vs prior year
Spent
$2.0M
To programs
82%
Net assets
$18.8M
By yearFY2020–FY2025
Revenue
$8.5M
FY2025▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.8M
FY2022$2.5M
FY2023$1.9M
FY2024$6.0M
FY2025$8.5M
Expenses
$2.0M
FY2025▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.6M
FY2022$1.6M
FY2023$1.8M
FY2024$1.8M
FY2025$2.0M
Net assets
$18.8M
FY2025▲ +53%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.9M
FY2021$7.1M
FY2022$8.1M
FY2023$8.1M
FY2024$12.3M
FY2025$18.8M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1994.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $1.6M Management & general 8% · $158K Fundraising 10% · $195K

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

Something off? Claim to add context

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Past Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Housing Resources Bainbridge 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

Provides and maintains affordable housing for low and moderate-income residents on Bainbridge Island.

Questions for Housing Resources Bainbridge

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3 programs · $1.6M · in their own filed words · FY2025
01

Rental Housing

HRB owns and manages 73 rental properties and is the managing member of Winslow Terrace LLC, which owns one residential property of 48 units, for a combined total of 121 rental units of affordable housing.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 95-0068013) · Dispute this line
$1.2Mprogram expense
02

Homeownership

Permanently affordable homeownership opportunities at HRB include 40 homes at Ferncliff Village, 2 units at Sparrows Condominiums, 2 units at Wallace Cottages, and 17 units at Wintergreen Townhomes.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 95-0068013) · Dispute this line
$303Kprogram expense
03

Independent Living

HRB works with older adults, people with disabilities, and those coming home to rehab to maintain their independence. We assess the home environment and perform modifications and repairs to make it more functional and safe.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 95-0068013) · Dispute this line
$90Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$52K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2025 · $6.4M federal money spent
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through City of Bainbridge Island and 1 more$3.1M
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Kitsap County and 1 more$2.5M
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through Kitsap County$485K
Self-Help Homeownership Opportunity ProgramDepartment of Housing and Urban Development · ALN 14.247 · Through Community Frameworks$270K

The auditor reported no findings.

Year ending Dec 2024 · $5.6M federal money spent
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Kitsap County and 1 more$2.9M
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through City of Bainbridge Island$2.0M
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through Kitsap County$485K
Self-Help Homeownership Opportunity ProgramDepartment of Housing and Urban Development · ALN 14.247 · Through Community Frameworks$240K

The auditor reported no findings.

Year ending Dec 2023 · $2.2M federal money spent
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Kitsap County and 1 more$1.9M
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through Kitsap County$353K
Self-Help Homeownership Opportunity ProgramDepartment of Housing and Urban Development · ALN 14.247 · Through Community Frameworks$15K

The auditor reported no findings.

Year ending Dec 2022 · $2.1M federal money spent
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Kitsap County and 1 more$1.9M
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through Kitsap County$249K

The auditor reported no findings.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$8.5M
Ln 12
Gifts and grantsLn 1h$7.4M
Fees for servicesLn 2g$995K
Investment incomeLn 3$101K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.6M
Managementcol C$158K
Fundraisingcol D$195K
Owns and owesPt X
$18.8M
net assets · Ln 32
Cash and savingsLn 1–2$5.1M
Total assetsLn 16$22.0M
LiabilitiesLn 26$3.3M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.4M
Government grantsLn 1e$4.6M
Fundraising eventsLn 1c$582K
Fees for servicesLn 2g$995K
Investment incomeLn 3$101K
Total revenueLn 12$8.5M
Assets in detailPt X, end of year
CashLn 1$589K
SavingsLn 2$4.5M
Cash and savings togetherLn 1–2$5.1M
Pledges and grants receivableLn 3$916K
Accounts receivableLn 4$55K
Notes and loans receivableLn 7$63K
Prepaid expenses and deferred chargesLn 9$31K
Land, buildings, equipmentLn 10c$11.7M
Other assetsLn 15$4.1M
Total assetsLn 16$22.0M
LiabilitiesLn 26$3.3M
Net assetsLn 32$18.8M
OperationsPt I, VI
EmployeesI 511
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.6M$5.1M
Land, buildings, equipmentLn 10c$11.0M$11.7M
Total assetsLn 16$14.8M$22.0M
LiabilitiesLn 26$2.6M$3.3M
Net assetsLn 32$12.3M$18.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$760K$542K$94K$124K
Other employee benefitsLn 9$88K$63K$11K$14K
Payroll taxesLn 10$61K$43K$7K$10K
Legal feesLn 11b$21K$21K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$13K$3K$530$9K
Office expensesLn 13$30K$21K$4K$5K
Information technologyLn 14$53K$38K$7K$9K
OccupancyLn 16$49K$35K$6K$8K
TravelLn 17$18K$13K$2K$3K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$226K$225K$459$608
InsuranceLn 23$49K$35K$6K$8K
Other expenses (24a–d)Ln 24$543K$543K
All other expensesLn 24e$64K$58K$3K$4K
Total functional expensesLn 25$2.0M$1.6M$158K$195K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 1, 2026 $8.5M$2.0M$6.5M$18.8M 990 PDF
FY2024Filed with the IRS Apr 25, 2025 $6.0M$1.8M$4.2M$12.3M 990 PDF
FY2023Filed with the IRS Apr 18, 2024 $1.9M$1.8M$57K$8.1M 990 PDF
FY2022Filed with the IRS Apr 24, 2023 $2.5M$1.6M$956K$8.1M 990 PDF
FY2021Filed with the IRS May 12, 2022 $1.8M$1.6M$225K$7.1M 990 PDF
FY2020Filed with the IRS Oct 18, 2021 $1.5M$1.2M$330K$6.9M 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments G · Fundraising O · Explanations
See the full FY2025 990
Part I · Summary $8,472,697 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,910,277$7,386,709
I-9 Program service revenuePrior year $968,669$994,824
I-10 Investment incomePrior year $107,393$100,702
I-11 Other revenuePrior year −$14,181−$9,538
I-12 Total revenuePrior year $5,972,158$8,472,697
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $857,534$908,689
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $947,945$1,090,507
I-18 Total expensesPrior year $1,805,479$1,999,196
I-19 Revenue less expensesPrior year $4,166,679$6,473,501
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $8,472,697 across 8 lines filed
VIII-1c Fundraising events$581,755
VIII-1e Government grants$4,636,923
VIII-1f All other contributions, gifts and grants$2,168,031
VIII-1h Total contributions, gifts and grants$7,386,709
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $994,824$994,824
VIII-3 Investment incomeExcluded from tax $100,702$100,702
VIII-8 Net income from fundraising eventsExcluded from tax −$9,538−$9,538
VIII-12 Total revenueRelated to mission $994,824 · Unrelated business $0 · Excluded from tax $91,164$8,472,697
Part IX · Statement of functional expenses $1,999,196 across 15 lines filed
IX-7 Other salaries and wagesPrograms $542,201 · Management $93,733 · Fundraising $124,292$760,226
IX-9 Other employee benefitsPrograms $62,560 · Management $10,815 · Fundraising $14,341$87,716
IX-10 Payroll taxesPrograms $43,325 · Management $7,490 · Fundraising $9,932$60,747
IX-11b Legal feesPrograms $21,183$21,183
IX-11c Accounting feesManagement $18,000$18,000
IX-11g Other fees for servicesPrograms $3,067 · Management $530 · Fundraising $9,053$12,650
IX-13 Office expensesPrograms $21,362 · Management $3,693 · Fundraising $4,897$29,952
IX-14 Information technologyPrograms $38,015 · Management $6,572 · Fundraising $8,715$53,302
IX-16 OccupancyPrograms $35,156 · Management $6,078 · Fundraising $8,059$49,293
IX-17 TravelPrograms $13,064 · Management $2,259 · Fundraising $2,995$18,318
IX-20 InterestPrograms $5,605$5,605
IX-22 Depreciation, depletion and amortizationPrograms $224,831 · Management $459 · Fundraising $608$225,898
IX-23 InsurancePrograms $35,167 · Management $6,080 · Fundraising $8,062$49,309
IX-24 Other expenses (24a–d)Programs $542,869$542,869
IX-24e All other expensesPrograms $57,866 · Management $2,692 · Fundraising $3,570$64,128
IX-25 Total functional expensesPrograms $1,646,271 · Management $158,401 · Fundraising $194,524$1,999,196
Part X · Balance sheet $22,035,169 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $230,523$589,342
X-2 Savings and temporary cash investmentsStart of year $1,379,558$4,547,824
X-3 Pledges and grants receivableStart of year $1,261,107$916,310
X-4 Accounts receivableStart of year $60,231$54,925
X-7 Notes and loans receivableStart of year $97,359$62,861
X-9 Prepaid expenses and deferred chargesStart of year $11,750$30,865
X-10c Land, buildings and equipment, netStart of year $10,988,340$11,716,355
X-15 Other assetsStart of year $814,107$4,116,687
X-16 Total assetsStart of year $14,842,975$22,035,169
X-17 Accounts payable and accrued expensesStart of year $81,995$578,221
X-18 Grants payableStart of year $1,280,000$1,470,000
X-19 Deferred revenueStart of year $4,580$6,901
X-21 Escrow or custodial accountsStart of year $236,586$292,631
X-23 Secured mortgages and notes payableStart of year $764,696$792,038
X-25 Other liabilitiesStart of year $182,545$129,304
X-26 Total liabilitiesStart of year $2,550,402$3,269,095
X-27 Net assets without donor restrictionsStart of year $10,557,186$15,496,848
X-28 Net assets with donor restrictionsStart of year $1,735,387$3,269,226
X-32 Total net assets or fund balancesStart of year $12,292,573$18,766,074
X-33 Total liabilities and net assetsStart of year $14,842,975$22,035,169
Part XI · Reconciliation of net assets $18,766,074 net assets at year end
XI-1 Total revenue$8,472,697
XI-2 Total expenses$1,999,196
XI-3 Revenue less expenses$6,473,501
XI-4 Net assets at start of year$12,292,573
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,766,074

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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