IMAGINE HOUSING COMMUNITIES (EIN 911559906) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

YICHUAN ZHAO

Phone

4255765190

Tax Period

2024-01-01 to 2024-12-31

IMAGINE HOUSING COMMUNITIES, founded in 1992, is a small nonprofit that reported $819K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 29% operating deficit.

Mission

DEVELOP, OWN AND OPERATE HOUSING FOR LOW-INCOME HOUSEHOLDS IN EAST KING COUNTY.

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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 $484,297

Program Service Revenue $332,803

Investment Income $1,780

Other Revenue $0

TOTAL REVENUE $818,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,350

Fundraising Expenses $0

Program Expenses $1,046,360

Other Expenses $763,433

TOTAL EXPENSES $1,058,783

Year-over-Year Comparison

	2024	2023	Change
Revenue	$818,880	$880,975	-0.1%
Expenses	$1,058,783	$1,033,573	+0.0%
Net Income	$-239,903	$-152,598	+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

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

$317,721

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA COUGHLIN	CHAIR	1.00	Officer Director	$0	$0	$0
DENILLE BEZEMER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DIANE PIETROWSKI	TREASURER	1.00	Officer Director	$0	$0	$0
PENNYMARIE CURRY	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE FRANK	DIRECTOR	1.00	Director	$0	$0	$0
JOE BANUELOS	DIRECTOR	1.00	Director	$0	$0	$0
YICHUAN ZHAO	PRESIDENT	4.00	Officer	$20,595	$0	$208,344
SHAWNA BINNING	VP OF FINANCE (PART-YEAR)	4.00	Officer	$6,934	$0	$69,806
STEVEN WHITE	DIRECTOR OF FINANCE (FORMER, PART-YEAR)	4.00	Officer	$3,452	$0	$39,571
AMY CUBBAGE	VP OF ASSET MANAGEMENT	16.00	Highest	$40,132	$0	$138,431

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	$818,880	$1,058,783	$8,570,911	$-239,903
2023	$880,975	$1,033,573	$8,800,528	$-152,598
2022	$803,528	$944,041	$9,024,842	$-140,513
2022	$803,528	$967,726	$9,052,071	$-164,198
2021	$781,330	$989,382	$9,141,383	$-208,052
2020	$718,844	$1,018,340	$9,285,089	$-299,496
2019	$665,899	$899,398	$9,608,185	$-233,499
2018	$728,308	$875,151	$9,933,817	$-146,843

IMAGINE HOUSING COMMUNITIES