BELLWETHER HOUSING (EIN 911116960) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

SUSAN BOYD

Phone

2066230506

Tax Period

2024-01-01 to 2024-12-31

BELLWETHER HOUSING is a 501(c)(3) with EIN 911116960, based in SEATTLE, WA. Founded in 1980, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $51,340,734 in total revenue and $60,695,123 in total expenses, with net assets of $98,591,545.

Mission

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.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,918,130

Program Service Revenue $37,200,641

Investment Income $1,340,942

Other Revenue $-118,979

TOTAL REVENUE $51,340,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,850,564

Fundraising Expenses $547,083

Program Expenses $51,628,407

Other Expenses $44,844,559

TOTAL EXPENSES $60,695,123

Year-over-Year Comparison

	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%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

233

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

$828,508

Total Directors

Key Employees

$2,001,182

Highest Compensated

reported

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

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	$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

BELLWETHER HOUSING