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← NORTH BEACON HILL HOUSING INITIATIVE ASSOCIATION

Form 990 for tax year 2023

Filed by NORTH BEACON HILL HOUSING INITIATIVE ASSOCIATION.

Totals

Total revenue
$174,791
Total expenses
$192,171
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$172,616
Investment income
$2,175
Other revenue
$0
Total assets, end of year
$1,953,086
Total liabilities, end of year
$2,591,876
Net assets or fund balances, end of year
-$638,790
Program services expenses (Part IX)
$183,879
Management and general expenses
$8,292
Fundraising expenses
$0
Program service expenses (Part III)
$183,879

Program services were 95.7% 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 $164,173 · related or exempt $164,173

  • 2b · Program service revenue: OTHER TENANT FEES

    total $8,443 · related or exempt $8,443

  • 3 · Investment income

    total $2,175 · excluded $2,175

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $19,937 · program services $19,937

  • 10 · Payroll taxes

    total $1,325 · program services $1,325

  • 11a · Fees: management

    total $2,681 · management and general $2,681

  • 11c · Fees: accounting

    total $5,024 · management and general $5,024

  • 13 · Office expenses

    total $2,336 · program services $1,749 · management and general $587

  • 14 · Information technology

    total $2,620 · program services $2,620

  • 16 · Occupancy

    total $46,092 · program services $46,092

  • 20 · Interest

    total $12,235 · program services $12,235

  • 22 · Depreciation, depletion and amortization

    total $62,852 · program services $62,852

  • 23 · Insurance

    total $7,941 · program services $7,941

  • 24a · Other expenses: EQUIP. RENTAL & MAINT.

    total $19,540 · program services $19,540

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $3,540 · program services $3,540

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $433 · program services $433

  • 24e · All other expenses

    total $5,615 · program services $5,615

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $152,994 · end of year $200,570

  • 3 · Pledges and grants receivable

    beginning of year $25,487 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $10,453

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,462 · end of year $393

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

    $3,530,344

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

    $2,044,819

  • 10c · Land, buildings and equipment, net

    beginning of year $1,533,244 · end of year $1,485,525

  • 15 · Other assets

    beginning of year $233,971 · end of year $256,145

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,934 · end of year $23,573

  • 19 · Deferred revenue

    beginning of year $7,409 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $2,383,492 · end of year $2,383,492

  • 25 · Other liabilities

    beginning of year $173,733 · end of year $184,811

  • 27 · Net assets without donor restrictions

    beginning of year -$621,410 · end of year -$638,790

Mission and programs · 2023

Mission

NBHHIA IS A WASHINGTON NONPROFIT CORPORATION WHOSE OBJECTIVE IS TO PROVIDE ASSISTANCE TO LOW-INCOME PERSONS BY DEVELOPING, OPERATING AND MAINTAINING HOUSING UNITS IN THE BEACON HILL AREA OF SEATTLE, WASHINGTON.

Activities or mission (Part I)

PROVIDE ASSISTANCE TO LOW-INCOME PERSONS BY DEVELOPING, OPERATING AND MAINTAINING HOUSING UNITS IN THE BEACON HILL AREA OF SEATTLE, WASHINGTON.

  • PROVIDED AFFORDABLE HOUSING TO FAMILIES THAT HAVE OVERCOME ADVERSITIES SUCH AS HOMELESSNESS, DIFFICULTIES WITH STEADY EMPLOYMENT, AND LANGUAGE BARRIERS.

    Expenses $183,879 · Revenue $172,616

As filed on the 2023 return.

Listed in Part VII

  • ESTELA ORTEGA

    PRESIDENT

    Total calculated
    $197,094
    From this org
    $0
    From related orgs
    $139,746
    Other
    $57,348
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,746 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $49,401 related
    Nontaxable benefits
    $0 + $7,947 related
    Filer's total
    $0 + $197,094 related

  • VERONICA GALLARDO

    TREASURER

    Total calculated
    $81,671
    From this org
    $0
    From related orgs
    $70,200
    Other
    $11,471
    Hours/week
    1 + 40 related

  • HILDA MAGANA

    SECRETARY

    Total calculated
    $126,289
    From this org
    $0
    From related orgs
    $115,818
    Other
    $10,471
    Hours/week
    1 + 40 related

  • SYLVIA RUBIO

    VICE PRESIDENT

    Total calculated
    $103,560
    From this org
    $0
    From related orgs
    $91,000
    Other
    $12,560
    Hours/week
    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

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.

  • EL CENTRO DE LA RAZA

    501(C)(3) · HUMAN SERVICES · WA

  • ECR

    501(C)(3) · LOW INCOME HOUSING · WA · controlled entity

    Directly controlled by EL CENTRO DE LA RAZA

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403209349311470

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