WASHINGTON COMMUNITY REINVESTMENT … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

CHRISTINE ROVEDA

Phone

2062922922

Tax Period

2024-10-01 to 2025-09-30

WASHINGTON COMMUNITY REINVESTMENT ASSOCIATION, founded in 1991, is a community nonprofit in the Recreation & Sports sector that reported $8.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $7.5M left a modest 7% surplus.

Mission

THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING IN WASHINGTON STATE. TO EXPAND RESOURCES FOR REAL ESTATE BASED COMMUNITY DEVELOPMENT, AND TO BE A VOICE FOR ITS MEMBER FINANCIAL INSTITUTIONS ON AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT ISSUES.

Program Service Accomplishments

Program 1

Expenses: $6,850,694 Revenue: $7,566,426

PROVIDE PERMANENT FINANCING AND TECHNICAL ASSISTANCE TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING AND REALTY-BASED ECONOMIC DEVELOPMENT IN WASHINGTON. ESTABLISHED TO ASSIST POTENTIAL BORROWERS IN OBTAINING PERMANENT FINANCING FOR MULTI-FAMILY PROJECTS VIA LOANS PARTICIPATED IN BY WCRA'S MEMBERS.

Program 2

Expenses: $46,629 Revenue: $238,934

THE WELL PROGRAM IS A STATE FUNDED PROGRAM TO PROVIDE TECHNICAL ASSISTANCE, LOANS AND GRANTS TO EARLY LEARNING AND CHILDCARE PROVIDERS ACROSS THE STATE OF WASHINGTON. THE WCRA ADMINISTERS THE PROGRAM AND PROVIDES LENDING TECHNICAL ASSISTANCE, LOAN UNDERWRITING AND MANAGEMENT, PARTNERING WITH OTHER NONPROFITS WHO PROVIDE TECHNICAL ASSISTANCE AND GRANT FUNDING.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,400

Program Service Revenue $7,805,360

Investment Income $315,772

Other Revenue $0

TOTAL REVENUE $8,128,532

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $1,043,761

Fundraising Expenses $0

Program Expenses $6,897,323

Other Expenses $6,484,245

TOTAL EXPENSES $7,538,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,128,532	$7,224,499	+0.1%
Expenses	$7,538,006	$6,865,505	+0.1%
Net Income	$590,526	$358,994	+0.6%

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

Volunteers

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

$508,256

Total Directors

$322,160

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE ROVEDA	PRESIDENT	40.00	Officer Director	$299,342	$22,818	$322,160
BOB POWERS	CHAIR	0.50	Officer Director	$0	$0	$0
TIM GRANT	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DUSTIN KOONS	SECRETARY	0.50	Officer Director	$0	$0	$0
KIM ETHERTON	TREASURER	0.50	Officer Director	$0	$0	$0
CALEB STEPHENS	DIRECTOR	0.50	Director	$0	$0	$0
KRIS HOLLINGSHEAD	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER A BARNES	DIRECTOR	0.50	Director	$0	$0	$0
MIKE GILMORE	DIRECTOR	0.50	Director	$0	$0	$0
ANNA SMUKOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
BRETT MANNING	DIRECTOR	0.50	Director	$0	$0	$0
TEDD KELLEHER	DIRECTOR	0.50	Director	$0	$0	$0
STEPHEN WALKER	DIRECTOR	0.50	Director	$0	$0	$0
JONATHAN CLARKE	DIRECTOR (THRU 02/25)	0.50	Director	$0	$0	$0
ANGEL RATLIFF	VICE PRESIDENT	40.00	Officer	$158,725	$27,371	$186,096
ROSALIE MINIER	ACCOUNTANT & OFFICE MANAGER	40.00	Highest	$120,499	$26,680	$147,179
JEANELYN QUINTO	LOAN ADMINISTRATOR	40.00	Highest	$110,989	$17,726	$128,715

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	$8,128,532	$7,538,006	$151,552,466	$590,526
2024	$7,224,499	$6,865,505	$133,044,181	$358,994
2023	$6,829,552	$6,582,797	$128,543,683	$246,755
2022	$6,470,844	$6,218,556	$122,749,409	$252,288
2021	$6,226,121	$6,094,685	$116,294,724	$131,436
2020	$6,319,699	$5,956,625	$112,658,431	$363,074
2019	$6,155,740	$5,769,964	$104,837,887	$385,776
2018	$6,292,173	$5,750,213	$101,862,917	$541,960

WASHINGTON COMMUNITY REINVESTMENT ASSOCIATION