DOWNTOWN ACTION TO SAVE HOUSING

EIN: 943155152 501(c)(3) Unknown

BELLEVUE, WA

Total Revenue
$16,514,130
Total Expenses
$15,548,145
Total Assets
$65,481,154
Net Assets
$9,037,365
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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
WA
Principal Officer
TORSTEN HIRCHE
Phone
4256469053
Tax Period
2023-10-01 to 2024-09-30

DOWNTOWN ACTION TO SAVE HOUSING, founded in 1991, is a mid-sized nonprofit in the Unknown sector that reported $16.5M in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $15.5M left a modest 6% surplus.

Mission

CREATING AND PRESERVING AFFORDABLE COMMUNITIES FOR A VARIETY OF INCOME LEVELS WITH THE GOAL OF FINANCIAL ADVANCEMENT AND SUSTAINABILITY FOR INDIVIDUALS AND FAMILIES.

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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 $1,242,022
Program Service Revenue $12,325,347
Investment Income $232,689
Other Revenue $2,714,072
TOTAL REVENUE $16,514,130

Expense Breakdown

Grants Paid $109,733
Salaries & Benefits $4,356,492
Fundraising Expenses $0
Program Expenses $12,945,375
Other Expenses $11,081,920
TOTAL EXPENSES $15,548,145

Year-over-Year Comparison

2023 2022 Change
Revenue $16,514,130 $10,522,063 +0.6%
Expenses $15,548,145 $13,407,735 +0.2%
Net Income $965,985 $-2,885,672 -1.3%
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
11
Independent Members
10
Employees
145
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
6
$1,976,827
Total Directors
11
$1,184,579
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TORSTEN HIRCHE PRESIDENT & CEO 1.00
Officer Director
$0 $29,551 $1,184,579
MICHAEL CONNELL TREASURER & CFO 1.00
Officer
$0 $37,634 $683,447
MICHELE LUKE SECRETARY 1.00
Officer
$0 $9,384 $108,801
MARY WAGNER CHAIR & DIRECTOR 0.10
Officer Director
$0 $0 $0
JESSE BOND VICE CHAIR & CHAIR 0.10
Officer Director
$0 $0 $0
GREG RUSSELL DIRECTOR & VICE CHAIR 0.10
Officer Director
$0 $0 $0
BARB BENNETT DIRECTOR 0.10
Director
$0 $0 $0
CATHY DANIGELIS DIRECTOR 0.10
Director
$0 $0 $0
KATHI LENTZSCH DIRECTOR 0.10
Director
$0 $0 $0
SCOTT LUMSDEN DIRECTOR 0.10
Director
$0 $0 $0
JIM MELHORN DIRECTOR 0.10
Director
$0 $0 $0
JOY MOORE DIRECTOR 0.10
Director
$0 $0 $0
LISA NELSON DIRECTOR 0.10
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 $16,514,130 $15,548,145 $65,481,154 $965,985
2023 $10,522,063 $13,407,735 $55,995,020 $-2,885,672
2022 $12,099,731 $10,402,692 $53,960,602 $1,697,039
2021 $9,615,500 $7,477,794 $39,641,188 $2,137,706
2020 $6,869,072 $7,422,995 $44,919,038 $-553,923
2018 $4,096,355 $4,923,525 $33,441,640 $-827,170
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