IMAGINE HOUSING AND AFFILIATES

EIN: 943110312 501(c)(3)

BELLEVUE, WA

Total Revenue
$9,068,385
Total Expenses
$9,384,170
Total Assets
$51,744,121
Net Assets
$17,482,815
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
WA
Principal Officer
SHAWNA BINNING
Phone
4255765190
Tax Period
2023-01-01 to 2023-12-31

IMAGINE HOUSING AND AFFILIATES, founded in 1989, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

TO DEVELOP AFFORDABLE HOUSING, BUILD WELCOMING COMMUNITIES AND FOSTER VIBRANT FUTURES.

Program Service Accomplishments

Program 1
Expenses: $7,537,299 Revenue: $6,858,939

OUR WORK STARTED OVER 35 YEARS AGO IN RESPONSE TO THE GROWING ECONOMIC INEQUITIES FACED BY LOW-INCOME HOUSEHOLDS IN EAST KING COUNTY, OUR FOUNDERS REALIZED THAT PERMANENT AFFORDABLE HOUSING WAS THE...

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OUR WORK STARTED OVER 35 YEARS AGO IN RESPONSE TO THE GROWING ECONOMIC INEQUITIES FACED BY LOW-INCOME HOUSEHOLDS IN EAST KING COUNTY, OUR FOUNDERS REALIZED THAT PERMANENT AFFORDABLE HOUSING WAS THE MOST COST-EFFECTIVE, LONG-TERM SOLUTION TO DISPLACEMENT, HOMELESSNESS, AND POVERTY IN THE REGION. SINCE THEN, OUR WORK HAS EXPANDED FROM A VOLUNTEER RUN ORGANIZATION WITH 18 AFFORDABLE APARTMENTS TO A HIGHLY RESPECTED ORGANIZATION PROVIDING 639 PERMANENT LOW-INCOME APARTMENT HOMES. IN 2009, WE IMPLEMENTED ON-SITE SUPPORTIVE RESIDENT SERVICES TO MEET THE GROWING NEED FOR ADDITIONAL RESOURCES TO ENSURE HOUSEHOLD STABILITY AND SELF-SUFFICIENCY.IMAGINE HOUSING SERVES LOW-INCOME FAMILIES AND SENIORS WITH AFFORDABLE, SERVICE-ENRICHED HOUSING IN THE EASTSIDE COMMUNITIES OF BELLEVUE, REDMOND, ISSAQUAH, KIRKLAND, MERCER ISLAND, SAMMAMISH, AND SOON IN BOTHELL. ONE-QUARTER OF THE HOMES SERVE FAMILIES AND SENIORS COMINGDIRECTLY FROM HOMELESSNESS. WE PRACTICE HOUSING FIRST AND WORK TO REMOVE ALL BARRIERS TO HOUSING AND HOUSING STABILITY. IMAGINE HOUSING SERVES OVER 1,400 LOW AND VERY LOW-INCOME INDIVIDUALS, INCLUDING 435 CHILDREN, 306 SENIORS AND 56 VETERANS. 225 APARTMENTS ACROSS OUR PORTFOLIO ARE RESERVED FOR FAMILIES AND SENIORS COMING FROM HOMELESSNESS WITH COORDINATED ENTRY FOR ALL (CEA) REFERRALS OR SECTION 8 VOUCHERS, INCLUDING HOUSING CHOICE, PROJECTBASED AND VASH. THE AVERAGE HOUSEHOLD INCOME OF IMAGINE HOUSING RESIDENTS IS $24,113 PER YEAR. 50% OF HOUSEHOLDS IDENTIFY AS PEOPLE OF COLOR AND 14% REPORT THAT A MEMBER OF THE HOUSEHOLD IS LIVING WITH A DISABILITY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,238,035
Program Service Revenue $6,221,660
Investment Income $17,409
Other Revenue $591,281
TOTAL REVENUE $9,068,385

Expense Breakdown

Grants Paid $75,631
Salaries & Benefits $4,472,461
Fundraising Expenses $585,356
Program Expenses $7,537,299
Other Expenses $4,836,078
TOTAL EXPENSES $9,384,170

Year-over-Year Comparison

2023 2022 Change
Revenue $9,068,385 $9,827,542 -0.1%
Expenses $9,384,170 $8,381,363 +0.1%
Net Income $-315,785 $1,446,179 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
43
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
6
$286,263
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YICHUN ZHAO EXECUTIVE DIRECTOR 36.00
Officer
$182,740 $0 $202,740
TROY DRAWZ DIRECTOR OF REAL ESTATE DEVELOPMENT 32.00
Highest
$156,123 $0 $156,123
EUNICE SPRINGS DIRECTOR OF PEOPLE & CULTURE 40.00
Highest
$138,065 $0 $138,065
SUE BLIVEN CONTROLLER 36.00
Highest
$107,959 $0 $110,091
ZEE PETERS DIRECTOR OF ADVANCEMENT 40.00
Highest
$103,883 $0 $103,883
STEVEN WHITE DIRECTOR OF FINANCE 36.00
Officer
$75,831 $0 $83,523
CAROLYN FERRIS PRESIDENT 5.00
Officer Director
$0 $0 $0
KASHIF ZAHOOR VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
DIANE PIETROWSKI TREASURER 2.00
Officer Director
$0 $0 $0
LAURA COUGHLIN SECRETARY 2.00
Officer Director
$0 $0 $0
PENNY MARIE CURRY BOARD MEMBER 1.00
Director
$0 $0 $0
JACKIE FRANK BOARD MEMBER 1.00
Director
$0 $0 $0
DENILLE BEZEMER BOARD MEMBER 1.00
Director
$0 $0 $0
AMBER WALSH BOARD MEMBER 1.00
Director
$0 $0 $0
EVAN CHAN BOARD MEMBER 1.00
Director
$0 $0 $0
PETER TRAN 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
2024 No data No data No data No data
2023 $9,068,385 $9,384,170 $51,744,121 $-315,785
2022 $7,732,662 $8,513,480 $49,645,870 $-780,818
2022 $9,827,542 $8,381,363 $46,915,219 $1,446,179
2021 $6,141,559 $6,092,409 $36,549,729 $49,150
2020 $5,540,324 $6,707,221 $32,250,332 $-1,166,897
2019 $7,025,145 $5,190,709 $33,170,607 $1,834,436
2018 $4,455,196 $4,584,923 $29,671,228 $-129,727
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