SNOHOMISH AFFORDABLE HOUSING GROUP

EIN: 911536226 501(c)(3) Unknown

SNOHOMISH, WA

Total Revenue
$631,604
Total Expenses
$964,372
Total Assets
$3,548,501
Net Assets
$1,318,637
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
WA
Principal Officer
BILL RASER
Phone
3605680536
Tax Period
2023-01-01 to 2023-12-31

SNOHOMISH AFFORDABLE HOUSING GROUP, founded in 1991, is a small nonprofit in the Unknown sector that reported $632K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $964K exceeded revenue, resulting in a 53% operating deficit.

Mission

THE SNOHOMISH AFFORDABLE HOUSING GROUP WAS ORGANIZED IN NOVEMBER 1991 FOR THE PURPOSE OF DEVELOPING, CONSTRUCTING, MAINTAINING AND MANAGING AFFORDABLE HOUSING IN AND AROUND THE CITY OF SNOHOMISH. THE ORGANIZATION'S OBJECTIVE IS TO BRING TOGETHER THE SKILLS AND COMPASSION THAT EXISTS IN SNOHOMISH IN A LOCAL COMMUNITY EFFORT TO PRODUCE MODEST HOUSING FOR THEIR LESS FORTUNATE NEIGHBORS WITHOUT GOVERNMENT 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,795
Program Service Revenue $616,563
Investment Income $12,246
Other Revenue $0
TOTAL REVENUE $631,604

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,133
Fundraising Expenses $0
Program Expenses $941,080
Other Expenses $891,239
TOTAL EXPENSES $964,372

Year-over-Year Comparison

2023 2022 Change
Revenue $631,604 $706,272 -0.1%
Expenses $964,372 $545,460 +0.8%
Net Income $-332,768 $160,812 -3.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
15

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL RASER PRESIDENT 4.00
Officer Director
$0 $0 $0
DAN SMOOTS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRIAN STARR TREASURER 1.00
Officer Director
$0 $0 $0
DAWN JONES SECRETARY 1.00
Officer Director
$0 $0 $0
RAY COOK DIRECTOR 1.00
Director
$0 $0 $0
DOUG THORNDIKE DIRECTOR 1.00
Director
$0 $0 $0
LAURA HUNTINGTON DIRECTOR 1.00
Director
$0 $0 $0
GEORGE BENSON DIRECTOR 1.00
Director
$0 $0 $0
MARILEE SCHNEIDER DIRECTOR 1.00
Director
$0 $0 $0
SCOTT ZARO DIRECTOR 1.00
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 No data No data No data No data
2023 $631,604 $964,372 $3,548,501 $-332,768
2022 $706,272 $545,460 $3,972,378 $160,812
2021 $868,681 $526,821 $3,879,572 $341,860
2020 $529,899 $512,900 $3,602,507 $16,999
2019 $523,935 $503,125 $3,649,254 $20,810
2018 $515,220 $481,546 $3,689,771 $33,674
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