SOUTH KING COUNTY AFFORDABLE COMMUNITY GROUP

EIN: 452718720 501(c)(3)

TUKWILA, WA

Total Revenue
$4,652,582
Total Expenses
$2,043,369
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
WA
Principal Officer
TIM WALTER
Phone
2065741231
Tax Period
2018-01-01 to 2018-12-31

SOUTH KING COUNTY AFFORDABLE COMMUNITY GROUP, founded in 2011, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2018. Revenue surged 210% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 56% operating margin.

Mission

TO SUPPORT THE PRESERVATION AND DEVELOPMENT OF DIVERSE LOCAL LOW-INCOME MANUFACTURED HOUSING COMMUNITIES OF KING COUNTY, WA.

Program Service Accomplishments

Program 1
Expenses: $1,837,891 Revenue: $4,652,582

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. THE PURPOSE OF THE...

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THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. THE PURPOSE OF THE CORPORATION IS TO SUPPORT THE PRESERVATION AND DEVELOPMENT OF DIVERSE LOCAL LOW-INCOME MANUFACTURED HOUSING COMMUNITIES OF KING COUNTY BY PROMOTING HOUSING, TECHNICAL AND COMMUNITY RESOURCES AND TO ENGAGE IN OTHER CHARITABLE ACTIVITIES IN THE AID OF THESE COMMUNITIES. THE CORPORATION SHALL HAVE ALL OF THE POWERS REASONABLY NECESSARY TO MEET THESE PURPOSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,557,985
Investment Income $3,094,597
Other Revenue $0
TOTAL REVENUE $4,652,582

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,837,891
Other Expenses $2,043,369
TOTAL EXPENSES $2,043,369

Year-over-Year Comparison

2018 2017 Change
Revenue $4,652,582 $1,503,086 +2.1%
Expenses $2,043,369 $1,821,932 +0.1%
Net Income $2,609,213 $-318,846 -9.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICE QUAINTANCE DIRECTOR 0.50
Director
$0 $0 $0
DOUG HOBKIRK DIRECTOR 0.50
Director
$0 $0 $0
ART BREEDEN DIRECTOR 0.50
Director
$0 $0 $0
ANN OSTERBERG DIRECTOR 0.50
Director
$0 $0 $0
TIM WALTER PRESIDENT 0.50
Officer
$0 $0 $0
WEN XU DIRECTOR OF ASSET MANAGEME 0.50
Officer
$0 $0 $0
MARY GONZALES-HANSEN SECRETARY/TREASURER 0.50
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $4,652,582 $2,043,369 No data $2,609,213
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