SEATTLE, WA
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)BELLWETHER HOUSING, founded in 1980, is a mid-sized nonprofit that reported $51.3M in total revenue in fiscal year 2024. Expenses of $60.7M exceeded revenue, resulting in a 18% operating deficit.
FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:BELLWETHER CREATES STABLE COMMUNITIES AND ACCESS TO OPPORTUNITY THROUGH AFFORDABLE HOUSING. WE DEVELOP AND MANAGE HOMES FOR PEOPLE WITH LIMITED INCOMES NEAR JOB CENTERS, TRANSIT, AND SERVICES. WE AMPLIFY OUR IMPACT BY HELPING OTHER ORGANIZATIONS IN THE PUGET SOUND REGION DO THE SAME. WE ENVISION DIVERSE COMMUNITIES WHERE PEOPLE OF ALL INCOMES AND BACKGROUNDS SHARE IN THE PROSPERITY OF OUR REGION.
PROGRAM SERVICE ACCOMPLISHMENTS: BELLWETHER HOUSING IS THE LARGEST NONPROFIT PROVIDER OF AFFORDABLE HOUSING IN SEATTLE. WE OWN AND OPERATE 3,592 AFFORDABLE APARTMENTS IN 39 BUILDINGS IN SEATTLE...
PROGRAM SERVICE ACCOMPLISHMENTS: BELLWETHER HOUSING IS THE LARGEST NONPROFIT PROVIDER OF AFFORDABLE HOUSING IN SEATTLE. WE OWN AND OPERATE 3,592 AFFORDABLE APARTMENTS IN 39 BUILDINGS IN SEATTLE PROVIDING FAMILIES AND SENIORS WITH SAFE, STABLE HOMES, AND BY DOING SO, WE BUILD STRONGER, SAFER, MORE PROSPEROUS COMMUNITIES. WE SERVE HOUSEHOLDS WITH ANNUAL INCOMES BETWEEN 0-60% OF THE AREA MEDIAN INCOME (THAT IS AN ANNUAL INCOME OF UP TO ROUGHLY $82,000 FOR A FAMILY OF FOUR). WE HOUSE 7,000 RESIDENTS FOR WHOM MARKET-RATE HOUSING IS OUT OF REACH. WE LOCATE OUR HOMES NEAR TRANSIT, JOB CENTERS, SCHOOLS, AND COMMUNITY RESOURCES, OFFERING RESIDENTS ACCESS TO THE OPPORTUNITY AND PROSPERITY OF OUR REGION. MANY OF OUR RESIDENTS INCLUDE FAMILIES EXITING HOMELESSNESS, INDEPENDENT SENIORS, IMMIGRANTS SEEKING OPPORTUNITY, WORKERS EARNING MODEST WAGES, AND YOUNG PEOPLE JUST STARTING OUT. WE BELIEVE EVERYONE SHOULD LIVE IN A HOME THEY FEEL GOOD ABOUT. ACCORDINGLY, OUR STAFF TAKE PRIDE IN KEEPING OUR BUILDINGS CLEAN, SAFE, AND WELL-MAINTAINED. BELLWETHER'S RESIDENT SERVICE COORDINATORS CONNECT RESIDENTS TO LOCAL SERVICES AND BENEFITS THAT CAN SUPPORT THEM IN ACHIEVING STABLE, HEALTHY, AND INDEPENDENT LIVING. WE HAVE FIVE BUILDINGS CURRENTLY UNDER CONSTRUCTION. WHEN THEY ARE COMPLETE, OUR COMMUNITY WILL HAVE AN ADDITIONAL 1,124 AFFORDABLE APARTMENT HOMES. BELLWETHER HOUSING HAS FOUR CORE PROGRAMS. 1. DEVELOP AND MANAGE AFFORDABLE APARTMENTS. BELLWETHER MANAGES THE MAJORITY OF ITS BUILDINGS IN-HOUSE. WE PROACTIVELY PLAN FOR MAJOR PROJECTS TO REPAIR, SUSTAIN, AND PRESERVE OUR APARTMENTS. 2. PROVIDE ENHANCED SERVICES THAT FOSTER SUSTAINABLE INDEPENDENT LIVING AND HOUSING STABILITY. BELLWETHER'S ON-SITE RESIDENT SERVICES COORDINATORS (RSCS) PROVIDE ESSENTIAL RESOURCES AND REFERRALS, FACILITATING CONNECTIONS TO BOTH IN-BUILDING ACTIVITIES AND WIDER COMMUNITY ENGAGEMENTS. WITH A SPECIAL EMPHASIS ON EDUCATION, HEALTH, WELLNESS, AND COMMUNITY INVOLVEMENT, OUR PROGRAM NOT ONLY SUPPORTS RESIDENTS IN OVERCOMING LIFE'S CHALLENGES BUT ALSO EMPOWERS THEM TO ACTIVELY PURSUE THEIR PERSONAL GOALS. WE PLAY A PIVOTAL ROLE IN ENSURING FAMILIES EXITING HOMELESSNESS REMAIN HOUSED BY PROMOTING STRONG, SUPPORTIVE SOCIAL NETWORKS. THIS INCLUDES ENCOURAGING RESIDENT-LED SOCIAL EVENTS LIKE POTLUCKS, BINGO, AND MOVIE NIGHTS, WHICH ARE INTEGRAL TO BUILDING A CONNECTED AND RESILIENT COMMUNITY. OUR OVERARCHING GOAL IS TO FOSTER HOUSING STABILITY THROUGH THE CULTIVATION OF SUPPORTIVE SOCIAL RELATIONSHIPS. 3. AMPLIFY OUR IMPACT BY PROVIDING DEVELOPMENT SERVICES TO OTHER ORGANIZATIONS. BELLWETHER PROVIDES HOUSING DEVELOPMENT SERVICES TO OTHER MISSION-DRIVEN ORGANIZATIONS THAT WANT TO DEVELOP OR PRESERVE AFFORDABLE HOUSING. OUR SERVICES ALSO INCLUDE ASSET MANAGEMENT, ENERGY EFFICIENCY CONSULTING, GREEN RETROFITS, AND PROPERTY MANAGEMENT. 4. ADVOCATE TO INCREASE OPPORTUNITIES FOR AFFORDABLE PLACES TO LIVE. AS A FOUNDING MEMBER OF THE HOUSING DEVELOPMENT CONSORTIUM, BELLWETHER HOUSING IS PART OF A COALITION ACTIVELY ADVOCATING FOR AFFORDABLE HOUSING AT THE LOCAL, STATE, AND FEDERAL LEVELS.
AS PART OF ITS REAL ESTATE PORTFOLIO BELLWETHER HAS SOLE OWNERSHIP OF 27 BUILDINGS IN THE PUGET SOUND AREA PROVIDING 1,858 AFFORDABLE HOUSING UNITS. WE CREATE AND MAINTAIN OUTSTANDING HOMES AND...
AS PART OF ITS REAL ESTATE PORTFOLIO BELLWETHER HAS SOLE OWNERSHIP OF 27 BUILDINGS IN THE PUGET SOUND AREA PROVIDING 1,858 AFFORDABLE HOUSING UNITS. WE CREATE AND MAINTAIN OUTSTANDING HOMES AND CONNECT RESIDENTS IN NEED OF SUPPORT TO ORGANIZATIONS THAT CAN HELP THEM LEAD HEALTHY AND INDEPENDENT LIVES.
BELLWETHER HOUSING, THROUGH PARTNERSHIPS WITH SEVERAL LOW-INCOME HOUSING TAX CREDIT (LIHTC) PARTNERS, ALSO SHARES OWNERSHIP OF SEVERAL BUILDINGS THAT PROVIDE ADDITIONAL AFFORDABLE HOUSING UNITS. ON...
BELLWETHER HOUSING, THROUGH PARTNERSHIPS WITH SEVERAL LOW-INCOME HOUSING TAX CREDIT (LIHTC) PARTNERS, ALSO SHARES OWNERSHIP OF SEVERAL BUILDINGS THAT PROVIDE ADDITIONAL AFFORDABLE HOUSING UNITS. ON THESE JOINTLY OWNED BUILDINGS, BELLWETHER IS RESPONSIBLE FOR REFURBISHMENT OF UNITS, CONSTRUCTION OF NEW UNITS AND MANAGEMENT OF ALL BUILDINGS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $51,340,734 | $49,789,985 | +0.0% |
| Expenses | $60,695,123 | $54,125,481 | +0.1% |
| Net Income | $-9,354,389 | $-4,335,496 | +1.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ALEX HUDSON | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDRES MANTILLA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CARLA DEWBERRY | DIRECTOR, TREASURER, FINAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GREGG COLBURN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JILMA JIMENEZ | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATE JONCAS | IMMEDIATE PAST CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATEESHA ATTERBERRY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK KLEBANOFF | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE CHEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE WOO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NAVNEET KESHER | DIRECTOR AND FUND DEVELOPM | 1.00 |
Director
|
$0 | $0 | $0 |
| PETE MILLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER LARSEN | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| REBEKAH BASTIAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REZA MARASHI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHELLY CROCKER | DIRECTOR AND REAL ESTATE D | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTOINE TOUSSAINT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER NGUYEN | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$320,447 | $16,644 | $337,091 |
| SUSAN BOYD | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
|
$365,896 | $33,802 | $399,698 |
| MEGAN MAYES | FUNDRAISING AND COMMUNICATIONS DIRECTOR | 40.00 |
Officer
|
$86,308 | $5,411 | $91,719 |
| ELLIOT SWANSON | DIRECTOR OF RESIDENT SERVICES | 40.00 |
Key Emp
|
$156,849 | $15,740 | $172,589 |
| JACOB GELB | DIRECTOR OF ASSET MANAGEME | 40.00 |
Key Emp
|
$175,929 | $31,282 | $207,211 |
| JEFF CRAIG | DIRECTOR OF INFORMATION TE | 40.00 |
Key Emp
|
$169,515 | $16,940 | $186,455 |
| JOVAN LUDOVICE | VICE PRESIDENT OF REAL EST | 40.00 |
Key Emp
|
$194,450 | $20,346 | $214,796 |
| MELISSA TUTOR | VICE PRESIDENT OF HUMAN RE | 40.00 |
Key Emp
|
$222,245 | $21,137 | $243,382 |
| MICHELLE HAWLEY | VICE PRESIDENT OF PROPERTY | 40.00 |
Key Emp
|
$222,930 | $28,313 | $251,243 |
| PAUL RAMIREZ | DIRECTOR OF FACILITIES MAN | 40.00 |
Key Emp
|
$167,856 | $16,799 | $184,655 |
| RACHAEL SIMPSON | DIRECTOR OF COMPLIANCE | 40.00 |
Key Emp
|
$154,463 | $17,773 | $172,236 |
| TODD M KITCHENS | CONTROLLER | 40.00 |
Key Emp
|
$169,615 | $15,118 | $184,733 |
| YVETTE WATKINS | DIRECTOR OF PROPERTY MANAG | 40.00 |
Key Emp
|
$158,828 | $25,054 | $183,882 |
| JOE PLOTTS | SENIOR REGIONAL MANAGER | 40.00 |
Highest
|
$138,378 | $16,720 | $155,098 |
| KAYAH MCCOY HUFF | ROVING PROPERTY MANAGER | 40.00 |
Highest
|
$102,923 | $22,299 | $125,222 |
| PENNY J ENNULAT | SENIOR BUSINESS SYSTEMS ANALYST | 40.00 |
Highest
|
$123,226 | $10,797 | $134,023 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $51,340,734 | $60,695,123 | $387,796,292 | $-9,354,389 |
| 2023 | $49,789,985 | $54,125,481 | $394,705,233 | $-4,335,496 |
| 2022 | $47,333,047 | $46,466,375 | $381,603,055 | $866,672 |
| 2021 | $42,172,983 | $32,846,882 | $264,325,848 | $9,326,101 |
| 2020 | $40,714,162 | $28,205,525 | $195,617,991 | $12,508,637 |
| 2019 | $24,107,285 | $23,112,298 | $181,477,990 | $994,987 |
| 2018 | $46,301,112 | $19,391,142 | $164,817,375 | $26,909,970 |
Compare BELLWETHER HOUSING with other nonprofits in Washington and across the country.