Form 990 for tax year 2024
Filed by LIHI CASCADE SENIOR HOUSINGDEVELOPMENT.
Totals
- Total revenue
- $634,545
- Total expenses
- $982,629
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $599,952
- Investment income
- $133
- Other revenue
- $34,460
- Total assets, end of year
- $8,919,341
- Total liabilities, end of year
- $2,906,241
- Net assets or fund balances, end of year
- $6,013,100
- Program services expenses (Part IX)
- $888,075
- Management and general expenses
- $94,554
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $888,075
Program services were 90.4% 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 $599,952 · related or exempt $599,952
-
3 · Investment income
total $133 · excluded $133
-
11a · Other revenue: OTHER REVENUE-MISC.
total $34,000 · excluded $34,000
-
11b · Other revenue: LAUNDRY & VENDING
total $460 · excluded $460
-
11e · Other revenue, total
$34,460
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $45,053 · management and general $45,053
-
11b · Fees: legal
total $12,246 · management and general $12,246
-
11c · Fees: accounting
total $16,571 · management and general $16,571
-
12 · Advertising and promotion
total $27 · program services $27
-
13 · Office expenses
total $20,684 · management and general $20,684
-
16 · Occupancy
total $338,152 · program services $338,152
-
17 · Travel
total $714 · program services $714
-
20 · Interest
total $143 · program services $143
-
22 · Depreciation, depletion and amortization
total $252,297 · program services $252,297
-
24a · Other expenses: MGMT CO EMPLOYEE CHARGE
total $292,937 · program services $292,937
-
24b · Other expenses: REAL ESTATE TAXES
total $3,805 · program services $3,805
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $75,021 · end of year $8,845
-
4 · Accounts receivable
beginning of year $57,997 · end of year $66,957
-
9 · Prepaid expenses and deferred charges
beginning of year $16,928 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$8,805,729
-
10b · Land, buildings and equipment: accumulated depreciation
$321,820
-
10c · Land, buildings and equipment, net
beginning of year $8,733,060 · end of year $8,483,909
-
12 · Investments: other securities
beginning of year $278,899 · end of year $312,103
-
14 · Intangible assets
beginning of year $38,632 · end of year $35,487
-
15 · Other assets
beginning of year $11,465 · end of year $12,040
-
17 · Accounts payable and accrued expenses
beginning of year $308,940 · end of year $363,497
-
19 · Deferred revenue
beginning of year $6,015 · end of year $3,565
-
23 · Secured mortgages and notes payable
beginning of year $2,478,964 · end of year $2,478,964
-
25 · Other liabilities
beginning of year $56,899 · end of year $60,215
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $6,361,184 · end of year $6,013,100
Mission and programs · 2024
Mission
THE MISSION OF LIHI CASCADE SENIOR HOUSING DEVELOPMENT IS TO PROMOTE SUSTAINABLE COMMUNITY DEVELOPMENT AND QUALITY OF LIFE BY PROVIDING RESOURCES, INCLUDING FINANCING, FOR THE DEVELOPMENT OF AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES, NEIGHBORHOOD IMPROVEMENT AND REVITALIZATION, COMBATING NEIGHBORHOOD DETERIORATION AND BLIGHT, AND FOSTERING COMMUNITY REVITALIZATION.
-
PROVIDING RESOURCES FOR THE DEVELOPMENT OF AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES, NEIGHBORHOOD IMPROVEMENT AND REVITALIZATION, COMBATING NEIGHBORHOOD DETERIORATION AND BLIGHT, AND FOSTERING COMMUNITY REVITALIZATION.
Expenses $888,075 · Revenue $599,952
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Melinda NicholsMELINDA NICHOLS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Herman KahaloaHERMAN KAHALOA
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Catherine DanigelisCATHERINE DANIGELIS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Bryan M ParkBRYAN M PARK
TREASURER
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Sharon LeeSHARON LEE
AUTHORIZED REPRESENTATIVE
- Total calculated
- $350,035
- From this org
- $0
- From related orgs
- $338,376
- Other
- $11,659
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $338,376 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $11,659 related
- Filer's total
- $0 + $350,035 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
- 2 · Substantiation required before reimbursing expenses
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
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.
-
501(C)(3) · VARIOUS SERVICES FOR LOW-INCOME HOUSING PROJECTS · WA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
MULTIFAMILY RESIDENTIAL · WA · income -$9,961 · assets $1,305,631
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$84,583 · assets $2,078,372
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$157,082 · assets $1,493,484
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$172,130 · assets $2,136,687
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$718,059 · assets $806,259
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$9,497 · assets $1,936,757
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$64,730 · assets $1,089,440
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LIHI 20TH STREET LLC
MULTIFAMILY RESIDENTIAL · WA · income -$198,680 · assets $8,269,876
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LIHI BALLARD LLC
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$278,780 · assets $17,098,102
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$296,639 · assets $11,982,536
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$107,925 · assets $2,528,416
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$1,139,369 · assets $20,170,734
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$707,262 · assets $6,346,643
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$747,215 · assets $22,019,446
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$1,313,831 · assets $37,411,256
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income $3,415,967 · assets $10,257,541
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LIHI KENMORE APARTMENTS LLC
MULTIFAMILY RESIDENTIAL · WA · income $32,956 · assets $2,091,336
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LIHI OLYMPIA MANAGER LLC
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$603,792 · assets $4,260,889
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LIHI RENTON MANAGER LLC
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LIHI ROOSEVELT LLC
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LIHI UNIVERSITY APARTMENTS LLC
MULTIFAMILY RESIDENTIAL · WA · income -$279,458 · assets $8,509,381
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income $167 · assets $1,797,528
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$73,376 · assets $625,327
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
NHCDILIHI SQUIRE PARK PLAZA LLC
MULTIFAMILY RESIDENTIAL · WA · income -$1,409,656 · assets $15,176,335
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$74,244 · assets -$4,281
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income $55,087 · assets $7,173,620
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$9,131 · assets -$104,831
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$1,039,805 · assets $21,962,075
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$294,454 · assets $7,191,703
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · assets $3,413,295
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$84,726 · assets $3,756,710
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$973,951 · assets $36,049,143
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LIHI QUINAULT DRIVE HOUSING LLC
MULTIFAMILY RESIDENTIAL · WA · income -$2,292 · assets $14,762,477
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$395,784 · assets $19,974,248
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income $43,975 · assets $5,371,011
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income $1,217 · assets $2,412,406
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$269 · assets $1,516,343
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$43 · assets $1,917,893
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income $17,678,261 · assets $18,997,531
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income $7,962,644 · assets $14,445,762
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$155 · assets $78,868
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$618,322 · assets $31,651,781
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MULTIFAMILY RESIDENTIAL · WA · income -$34 · assets $1,513,606
Directly controlled by LOW INCOME HOUSING INSTITUTE
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
2020 JACKSON STREET LLLP
UNRELATED · LOW INCOME HOUSING · WA · share of income -$1,018,214 · share of assets $1,185 · general or managing partner
Directly controlled by JACKSON PHASE II LLC
-
223 YESLER LLLP
UNRELATED · LOW INCOME HOUSING · WA · share of income -$226 · share of assets $5,707 · general or managing partner
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
30TH NE DEVELOPMENT LLLP
UNRELATED · LOW INCOME HOUSING · WA · share of income -$72 · share of assets $1,488 · general or managing partner
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
57TH NW DEVELOPMENT LLLP
UNRELATED · LOW INCOME HOUSING · WA · share of income -$44 · share of assets $1,074 · general or managing partner
Directly controlled by LIHI BALLARD LLC
-
LIHI BELLEVUE LLC
UNRELATED · LOW INCOME HOUSING · WA · share of income -$58 · share of assets $1,151 · general or managing partner
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LIHI LAKE CITY COURT LLC
UNRELATED · LOW INCOME HOUSING · WA · share of income $873 · general or managing partner
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LITTLE SAIGON LLLP
UNRELATED · LOW INCOME HOUSING · WA · share of income -$584,226 · share of assets $1,909 · general or managing partner
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MARTIN WAY 1 LLLP
UNRELATED · LOW INCOME HOUSING · WA · share of income -$75 · share of assets $1,450 · general or managing partner
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
NESBIT DEVELOPMENT LLC
UNRELATED · LOW INCOME HOUSING · WA · share of income -$172 · share of assets $3,641 · general or managing partner
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
OLYMPIA DEVELOPMENT LLC
UNRELATED · LOW INCOME HOUSING · WA · share of income -$42 · share of assets $904 · general or managing partner
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
OTHELLO PARK DEVELOPMENT LLC
UNRELATED · LOW INCOME HOUSING · WA · share of income -$103 · share of assets $3,169 · general or managing partner
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
RENTON COMMONS LLC
UNRELATED · LOW INCOME HOUSING · WA · share of income -$73 · share of assets $1,412 · general or managing partner
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
ROOSEVELT DEVELOPMENT LLLP
UNRELATED · LOW INCOME HOUSING · WA · share of income -$38 · share of assets $1,028 · general or managing partner
Directly controlled by LIHI ROOSEVELT LLC
-
GOOD SHEPHERD PSH LLLP
UNRELATED · LOW INCOME HOUSING · WA · share of income -$241 · share of assets $3,205
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MARTIN WAY II LLLP
UNRELATED · LOW INCOME HOUSING · WA · share of income -$103 · share of assets $2,678
Directly controlled by MARTIN WAY MANAGER LLC
-
LINCOLN SENIOR HOUSINNG LLLP
UNRELATED · LOW INCOME HOUSING · WA · share of assets $3,133
Directly controlled by LINCOLN SENIOR MANAGER LLC
-
NORTH MLK DEVELOPMNENT LLLP
UNRELATED · LOW INCOME HOUSING · WA · share of assets $5,839
Directly controlled by LIHI NORTH MLK LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C · MULTI FAMILY RESIDENTIAL · WA · 100% owned · share of income $6,966 · share of assets $157,127
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LIHI LAKE CITY LLC
C · MULTI FAMILY RESIDENTIAL · WA · 100% owned · share of income $5,796
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
223 YESLER GP LLC
C · MULTI FAMILY RESIDENTIAL · WA · 100% owned · share of income $2
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LIHI 1253 SOUTH JACKSON
C · MULTI FAMILY RESIDENTIAL · WA · 100% owned · share of income $13,506
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
OTHELLO PARK MANAGER LLC
C · MULTI FAMILY RESIDENTIAL · WA · 100% owned · share of assets $1,955,213
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LIHI MARTIN WAY 1 LLC
C · MULTI FAMILY RESIDENTIAL · WA · 100% owned
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LIHI NESBIT LLC
C · MULTI FAMILY RESIDENTIAL · WA · 100% owned
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LIHI RENTON MANAGER LLC
C · MULTI FAMILY RESIDENTIAL · WA · 100% owned · share of income $15,000 · share of assets $44,808
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LINCOLN SENIOR MANAGER LLC
C · MULTI FAMILY RESIDENTIAL · WA · 100% owned
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
LIHI NORTH MLK LLC
C · MULTI FAMILY RESIDENTIAL · WA · 100% owned
Directly controlled by LOW INCOME HOUSING INSTITUTE
-
MARTIN WAY MANAGER LLC
C · MULTI FAMILY RESIDENTIAL · WA · 100% owned
Directly controlled by LOW INCOME HOUSING INSTITUTE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523159349304942
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