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Nonprofiteer
← DESC HOBSON CLINIC QALICB

Form 990 for tax year 2024

Filed by DESC HOBSON CLINIC QALICB.

Totals

Total revenue
$188,920
Total expenses
$881,254
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$183,000
Investment income
$5,920
Other revenue
$0
Total assets, end of year
$20,323,046
Total liabilities, end of year
$15,146,576
Net assets or fund balances, end of year
$5,176,470
Program services expenses (Part IX)
$875,187
Management and general expenses
$6,067
Fundraising expenses
$0
Program service expenses (Part III)
$875,187

Program services were 99.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Rental Income

    total $183,000 · related or exempt $183,000

  • 3 · Investment income

    total $5,920 · excluded $5,920

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $6,067 · management and general $6,067

  • 11g · Fees: other

    total $93,000 · program services $93,000

  • 20 · Interest

    total $165,221 · program services $165,221

  • 22 · Depreciation, depletion and amortization

    total $616,966 · program services $616,966

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,677 · end of year $67,529

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $237,809

  • 10a · Land, buildings and equipment: cost or other basis

    $21,868,605

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,850,897

  • 10c · Land, buildings and equipment, net

    beginning of year $20,264,941 · end of year $20,017,708

  • 14 · Intangible assets

    beginning of year $292,448 · end of year $0

  • 15 · Other assets

    beginning of year $324,889 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,886 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $15,415,000 · end of year $15,146,576

  • 27 · Net assets without donor restrictions

    beginning of year $5,499,069 · end of year $5,176,470

Mission and programs · 2024

Mission

The Corporation was formed for the purposes of acquiring, constructing, owning, and leasing a full-scale integrated health care clinic located in Seattle, Washington known as the Hobson Place Clinic.

Activities or mission (Part I)

To support and benefit DESC while ensuring Hobson Clinic's NMTC program compliance.

  • The Organization has acquired and constructed a full-scale health care clinic located in Seattle, Washington known as Hobson Place Clinic. The organization owns the clinic and leases it to Downtown Emergency Service Center. The lease commenced in 2022 upon completion of the construction of the property. The Property is the first local full-scale health care clinic in the Seattle area specifically designed to meet the complex needs of people living with disabilities who have experienced the longest periods of homelessness.

    Expenses $875,187 · Revenue $183,000

As filed on the 2024 return.

Listed in Part VII

  • Daniel Malone

    President/DESC Executive Director

    Total calculated
    $231,460
    From this org
    $0
    From related orgs
    $202,904
    Other
    $28,556
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,904 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,090 related
    Nontaxable benefits
    $0 + $23,637 related
    Filer's total
    $0 + $231,631 related

  • Judge Helen Halpert

    Vice President

    Total calculated
    $0
    Hours/week
    0.1

  • Bryan Friend

    Treasurer

    Total calculated
    $0
    Hours/week
    0.1

  • Marcia McCracken

    Secretary

    Total calculated
    $0
    Hours/week
    0.1

  • Sheryl Whitney

    Board Member

    Total calculated
    $0
    Hours/week
    0.1

  • Jennifer Tripp

    CFO (Until Dec)

    Total calculated
    $213,297
    From this org
    $0
    From related orgs
    $201,135
    Other
    $12,162
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,135 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,209 related
    Nontaxable benefits
    $0 + $10,473 related
    Filer's total
    $0 + $213,817 related

  • Patrick Gehring

    CFO (From Dec)

    Total calculated
    $2,664
    From this org
    $0
    From related orgs
    $2,664
    Other
    $0
    Hours/week
    0.1 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
The Organization does not establish the compensation of the Executive Director. Compensation is determined by DESC, a related organization, and the organization relied on a related organization to establish compensation.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
7 October 2025
IRS schema version
2024v5.2
Source object
202502839349301890

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