PIERCE COUNTY COMMUNITY DEVELOPMENT CORPORATION

EIN: 911339483 501(c)(3) Community Improvement

Tacoma, WA

Total Revenue
$4,084,121
Total Expenses
$1,123,583
Total Assets
$44,541,808
Net Assets
$42,853,281
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
WA
Principal Officer
Gary Hawkinson
Phone
2537984374
Tax Period
2024-01-01 to 2024-12-31

PIERCE COUNTY COMMUNITY DEVELOPMENT CORPORATION, founded in 1985, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 72% operating margin.

Mission

The CDC implements and manages housing repair and business loan programs to provide residents of Pierce County access to safe, decent, and affordable housing and stimulate economic development through job creation.

Program Service Accomplishments

Program 1
Expenses: $744,527 Revenue: $1,827,397

In 2024, the HOME program funded 24 loans.

Program 2
Expenses: $282,207 Revenue: $437,038

In 2024, the Substantial Rehabilitation Program funded 5 homeowner rehabilitation loans.

Program 3
Expenses: $39,369 Revenue: $16,998

In 2024, the Septic Repair Loan Grant program funded 1 loan.

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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 $3,862,636
Program Service Revenue $221,485
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,084,121

Expense Breakdown

Grants Paid $0
Salaries & Benefits $558,939
Fundraising Expenses $0
Program Expenses $1,122,525
Other Expenses $564,644
TOTAL EXPENSES $1,123,583

Year-over-Year Comparison

2024 2023 Change
Revenue $4,084,121 $2,791,795 +0.5%
Expenses $1,123,583 $1,382,249 -0.2%
Net Income $2,960,538 $1,409,546 +1.1%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
10

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
1
$420
Total Directors
10
$3,115
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gary Hawkinson Chair 0.5
Officer Director
$0 $420 $420
Joseph Beck Director 0.5
Director
$0 $420 $420
Jamie Firth Director 0.5
Director
$0 $420 $420
Hollie Johnson Vice Chair 0.5
Director
$0 $385 $385
Tom Young Director 0.5
Director
$0 $385 $385
Jeff Gardner Treasurer 0.4
Director
$0 $350 $350
Kyle Denbrooke Treasurer 0.2
Director
$0 $280 $280
Michael Miller Secretary 0.2
Director
$0 $210 $210
Greg Hansch Secretary 0.1
Director
$0 $175 $175
Maria Sanchez Director 0.1
Director
$0 $70 $70
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
2025 No data No data No data No data
2024 $4,084,121 $1,123,583 $44,541,808 $2,960,538
2023 $2,791,795 $1,382,249 $41,062,082 $1,409,546
2022 $1,501,130 $1,352,556 $39,993,297 $148,574
2021 $1,142,687 $1,402,707 $39,676,985 $-260,020
2020 $1,212,528 $1,676,212 $39,430,940 $-463,684
2019 $1,732,290 $1,268,030 $40,317,577 $464,260
2018 $2,831,320 $3,439,239 $39,745,145 $-607,919
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