WASHINGTON HOUSING EQUITY ALLIANCE

EIN: 911653819 501(c)(3) Housing & Shelter

SEATTLE, WA

Total Revenue
$566,496
Total Expenses
$321,996
Total Assets
$1,281,953
Net Assets
$-692,948
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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
1998
Legal Domicile
WA
Principal Officer
EVELYN THOMAS ALLEN
Phone
2063284470
Tax Period
2022-01-01 to 2022-12-31

WASHINGTON HOUSING EQUITY ALLIANCE, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $566K in total revenue in fiscal year 2022. Revenue surged 203% from the prior year, signaling strong growth momentum. The organization ran a surplus of $244K, a strong 43% operating margin.

Mission

EAW'S MISSION IS TO BUILD AND CREATE SACRED LIVING SPACES THROUGH AFFORDABLE HOUSING FOR BLACK FAMILIES AND THE BLACK COMMUNITY IN WASHINGTON STATE, AND TO JOIN WITH OTHERS TO CREATE WEALTH THROUGH ASSET ACQUISITIONS, ADVOCACY, AND THE PROMOTION OF SOCIAL JUSTICE FOR THE BLACK/AFRICAN AMERICAN COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $190,150
Program Service Revenue $376,339
Investment Income $7
Other Revenue $0
TOTAL REVENUE $566,496

Expense Breakdown

Grants Paid $0
Salaries & Benefits $68,538
Fundraising Expenses $0
Program Expenses $184,416
Other Expenses $253,458
TOTAL EXPENSES $321,996

Year-over-Year Comparison

2022 2021 Change
Revenue $566,496 $186,818 +2.0%
Expenses $321,996 $196,784 +0.6%
Net Income $244,500 $-9,966 -25.5%
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
10
Independent Members
10
Employees
2
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
5
$55,915
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVELYN THOMAS ALLEN EXECUTIVE DIRECTOR 7.50
Officer
$55,915 $0 $55,915
PASTOR CAREY G ANDERSON PRESIDENT 2.00
Officer Director
$0 $0 $0
DOREEN CATO VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SCHELIA WARD SECRETARY 1.00
Officer Director
$0 $0 $0
REGINA BIGBY TREASURER 1.00
Officer Director
$0 $0 $0
JULIE BURRELL BOARD MEMBER 1.00
Director
$0 $0 $0
BILL HALLERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL REICHERT BOARD MEMBER 1.00
Director
$0 $0 $0
JESUS SANCHEZ BOARD MEMBER 1.00
Director
$0 $0 $0
SEVERIN WANDJI BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL WILLIAMS BOARD MEMBER 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
2022 $566,496 $321,996 $1,281,953 $244,500
2021 $186,818 $196,784 $1,123,513 $-9,966
2020 $83,470 $118,682 $1,166,588 $-35,212
2019 $74,680 $166,107 $1,158,096 $-91,427
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