GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY

EIN: 842919236 501(c)(3)

SEATTLE, WA

Total Revenue
$1,478,175
Total Expenses
$4,545,556
Total Assets
$39,277,875
Net Assets
$-12,354,859
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
WA
Principal Officer
AMY NGUYEN
Phone
2064201342
Tax Period
2024-01-01 to 2024-12-31

GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY, founded in 2019, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $4.5M exceeded revenue, resulting in a 208% operating deficit.

Mission

WATERSHED BUILDS RESILIENT COMMUNITY THROUGH AFFORDABLE PLACEMAKING AND PLACEKEEPING IN THE DUWAMISH VALLEY. WE CREATE AT THE INTERSECTION OF THE ARTS, EQUITY, AND COLLECTIVE WELL-BEING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $110,588
Program Service Revenue $1,314,279
Investment Income $53,308
Other Revenue $0
TOTAL REVENUE $1,478,175

Expense Breakdown

Grants Paid $0
Salaries & Benefits $501,705
Fundraising Expenses $44,860
Program Expenses $3,925,765
Other Expenses $4,040,022
TOTAL EXPENSES $4,545,556

Year-over-Year Comparison

2024 2023 Change
Revenue $1,478,175 $2,743,574 -0.5%
Expenses $4,545,556 $4,083,819 +0.1%
Net Income $-3,067,381 $-1,340,245 +1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
8
Volunteers
550

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
6
$79,924
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAY MORRISON DEPUTY DIRECTOR 40.00
Officer
$71,293 $8,631 $79,924
JENNIFER TRUJILLO INTERIM EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $0
RON POSTHUMA PRESIDENT 5.00
Officer Director
$0 $0 $0
ELIZABETH ROMNEY SECRETARY/TREASURER & DIRECTOR 5.00
Officer Director
$0 $0 $0
JOHN KIRSCHENBAUM DIRECTOR & SECRETARY 5.00
Officer Director
$0 $0 $0
LEE STRIAR TREASURER 5.00
Officer Director
$0 $0 $0
MARC COTE DIRECTOR 5.00
Director
$0 $0 $0
MARY DZIEWECZYNSKI DIRECTOR 5.00
Director
$0 $0 $0
ELIZABETH GAHAN DIRECTOR 5.00
Director
$0 $0 $0
KRISTINA GOETZ DIRECTOR 5.00
Director
$0 $0 $0
PAULINA LOPEZ DIRECTOR 5.00
Director
$0 $0 $0
JAY O'NEIL DIRECTOR 5.00
Director
$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
2024 $1,478,175 $4,545,556 $39,277,875 $-3,067,381
2023 $2,743,574 $4,083,819 $39,206,009 $-1,340,245
2022 $1,228,208 $2,976,276 $43,697,520 $-1,748,068
2021 $298,876 $687,204 $40,150,153 $-388,328
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