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← DOWNTOWN ACTION TO SAVE HOUSING

Form 990 for tax year 2024

Filed by DOWNTOWN ACTION TO SAVE HOUSING.

Totals

Total revenue
$15,302,032
Total expenses
$17,072,235
Contributions and grants received
$1,136,335
Grants paid
$39,933
Program service revenue
$13,217,257
Investment income
$220,210
Other revenue
$728,230
Total assets, end of year
$68,258,325
Total liabilities, end of year
$60,991,163
Net assets or fund balances, end of year
$7,267,162
Program services expenses (Part IX)
$14,021,189
Management and general expenses
$3,051,046
Fundraising expenses
$0
Program service expenses (Part III)
$14,021,189

Program services were 82.1% 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.

  • 1d · Related organizations

    $1,000,208

  • 1f · All other contributions, gifts and grants

    $136,127

  • 2a · Program service revenue: RENTAL INCOME

    total $13,104,500 · related or exempt $13,104,500

  • 2b · Program service revenue: ASSET MANAGEMENT FEES

    total $112,757 · related or exempt $112,757

  • 3 · Investment income

    total $220,210 · excluded $220,210

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $728,230 · excluded $728,230

  • 11e · Other revenue, total

    $728,230

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $39,933 · program services $39,933

  • 7 · Other salaries and wages

    total $4,190,530 · program services $2,254,248 · management and general $1,936,282

  • 8 · Pension plan contributions

    total $32,066 · program services $27,091 · management and general $4,975

  • 9 · Other employee benefits

    total $422,124 · program services $356,629 · management and general $65,495

  • 10 · Payroll taxes

    total $192,645 · program services $162,755 · management and general $29,890

  • 11a · Fees: management

    total $406,997 · program services $221,249 · management and general $185,748

  • 11b · Fees: legal

    total $26,233 · program services $20,338 · management and general $5,895

  • 11c · Fees: accounting

    total $263,211 · program services $204,067 · management and general $59,144

  • 11g · Fees: other

    total $221,876 · program services $189,192 · management and general $32,684

  • 12 · Advertising and promotion

    total $11,960 · program services $9,273 · management and general $2,687

  • 14 · Information technology

    total $192,546 · program services $162,671 · management and general $29,875

  • 16 · Occupancy

    total $3,470,547 · program services $3,452,883 · management and general $17,664

  • 20 · Interest

    total $1,917,762 · program services $1,857,801 · management and general $59,961

  • 22 · Depreciation, depletion and amortization

    total $2,886,642 · program services $2,801,223 · management and general $85,419

  • 23 · Insurance

    total $758,006 · program services $731,990 · management and general $26,016

  • 24a · Other expenses: OTHER EXPENSES

    total $861,891 · program services $728,163 · management and general $133,728

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $625,239 · program services $334,637 · management and general $290,602

  • 24c · Other expenses: HOUSING ADMIN EXPENSES

    total $547,710 · program services $462,729 · management and general $84,981

  • 24d · Other expenses: MEDICAL EXPENSES

    total $4,317 · program services $4,317

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,784,733 · end of year $1,666,892

  • 2 · Savings and temporary cash investments

    beginning of year $2,730,670 · end of year $2,687,711

  • 4 · Accounts receivable

    beginning of year $681,896 · end of year $401,218

  • 7 · Other notes and loans receivable

    beginning of year $5,390,049 · end of year $5,204,521

  • 9 · Prepaid expenses and deferred charges

    beginning of year $511,352 · end of year $483,306

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

    $110,347,816

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

    $52,775,582

  • 10c · Land, buildings and equipment, net

    beginning of year $54,208,657 · end of year $57,572,234

  • 13 · Investments: program-related

    beginning of year $3,054 · end of year $665

  • 15 · Other assets

    beginning of year $170,743 · end of year $241,778

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,721,690 · end of year $1,296,791

  • 19 · Deferred revenue

    beginning of year $55,487 · end of year $54,986

  • 21 · Escrow or custodial account liability

    beginning of year $211,179 · end of year $220,182

  • 23 · Secured mortgages and notes payable

    beginning of year $53,357,162 · end of year $52,596,590

  • 24 · Unsecured notes and loans payable

    beginning of year $208,590 · end of year $628,288

  • 25 · Other liabilities

    beginning of year $889,681 · end of year $6,194,326

  • 27 · Net assets without donor restrictions

    beginning of year $9,037,365 · end of year $7,267,162

Mission and programs · 2024

Mission

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

  • AFFORDABLE HOUSING PROVIDED TO LOW- TO MODEST-INCOME FAMILIES AND SENIORS.

    Expenses $14,021,189 · Grants $39,933 · Revenue $13,217,257

As filed on the 2024 return.

Listed in Part VII

  • Torsten Hirche

    PRESIDENT & CEO

    Total calculated
    $1,214,260
    From this org
    $0
    From related orgs
    $1,174,707
    Other
    $39,553
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $794,632 related
    Bonus
    $0 + $371,277 related
    Other
    $0 + $8,798 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $25,753 related
    Filer's total
    $0 + $1,214,260 related

  • Jesse Bond

    CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Greg Russell

    VICE CHAIR & CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Barb Bennett

    DIRECTOR & VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Cathy Danigelis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Kathi Lentzsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Scott Lumsden

    DIRECTOR (THROUGH NOVEMBER 2024)

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Jim Melhorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Joy Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Lisa Nelson

    DIRECTOR (THROUGH NOVEMBER 2024)

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Mary Wagner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Michael Connell

    TREASURER & CFO

    Total calculated
    $661,389
    From this org
    $0
    From related orgs
    $637,622
    Other
    $23,767
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $487,183 related
    Bonus
    $0 + $58,504 related
    Other
    $0 + $91,935 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $9,967 related
    Filer's total
    $0 + $661,389 related

  • Michele Luke

    SECRETARY

    Total calculated
    $125,600
    From this org
    $0
    From related orgs
    $118,517
    Other
    $7,083
    Hours/week
    1 + 39 related

  • Alicia Hoppers

    VP OF AFFORDABLE HOUSING

    Total calculated
    $178,956
    From this org
    $171,850
    From related orgs
    $0
    Other
    $7,106
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,850
    Bonus
    $0
    Other
    $0
    Deferred
    $6,874
    Nontaxable benefits
    $232
    Filer's total
    $178,956

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

  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE FOLLOWING WERE USED BY TRANSFORMING AGE IN DETERMINING THE PRESIDENT & CEO'S COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. FORM 990 OF OTHER ORGANIZATIONS 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 6
THE PRESIDENT & CEO MAY RECEIVE AN ANNUAL INCENTIVE BONUS FROM TRANSFORMING AGE, A RELATED ORGANIZATION, SUBJECT TO THE SOLE AND COMPLETE DISCRETION OF TRANSFORMING AGE'S BOARD OF DIRECTORS. FINANCIAL PERFORMANCE IS ONE OF THE FACTORS IN DETERMINING THE BONUS. OTHER FACTORS INCLUDE OVERALL MISSION DELIVERY, MISSION GROWTH, AND THE OVERALL ACHIEVEMENTS AND PERFORMANCE OF TRANSFORMING AGE AND ITS SUBSIDIARY ORGANIZATIONS.

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

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.

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.

  • EVERGREEN COURT ASSOCIATES LP

    AFFORDABLE HOUSING · WA · income $1,291,269 · assets $4,236,623

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • EVERGREEN COURT DEVELOPMENT LLC

    AFFORDABLE HOUSING · WA · income $0 · assets $0

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • RENTON FIFTH & WILLIAMS LP

    AFFORDABLE HOUSING · WA · income $1,302,231 · assets $10,701,867

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • PLUM CORT HOUSING ASSOCIATES LLC

    AFFORDABLE HOUSING · WA · income $0 · assets $0

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • WOODINVIEW SENIOR HOUSING ASSOCIATES LP

    AFFORDABLE HOUSING · WA · income $601,610 · assets $2,769,966

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • KENMORE FAMILY ASSOCIATES LP

    AFFORDABLE HOUSING · WA · income $676,223 · assets $3,937,536

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • KENMORE SENIOR ASSOCIATES LP

    AFFORDABLE HOUSING · WA · income $699,166 · assets $4,241,556

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • MOUNTAIN VIEW FAMILY ASSOCIATES LP

    AFFORDABLE HOUSING · WA · income $730,324 · assets $2,884,619

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • WOODINVIEW FAMILY ASSOCIATES LP

    AFFORDABLE HOUSING · WA · income $750,318 · assets $3,664,074

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • SUMMERFIELD GP LLC

    AFFORDABLE HOUSING · WA · income $0 · assets $0

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • DASH OPPORTUNITY PLACE GP LLC

    AFFORDABLE HOUSING · WA · income $0 · assets $0

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • DASH DEVELOPMENT LLC

    AFFORDABLE HOUSING · WA · income $0 · assets $0

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • ASHWOOD COURT DEVELOPMENT LLC

    AFFORDABLE HOUSING · WA · income $0 · assets $0

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • HERONS ADMIN GP LLC

    AFFORDABLE HOUSING · WA · income $0 · assets $0

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • HERON COMMUNITY REDEVELOPMENT LLLP

    AFFORDABLE HOUSING · WA · income $0 · assets $0

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • SUMMERWOOD HOUSING LLC

    AFFORDABLE HOUSING · WA · income $2,077,275 · assets $13,401,884

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • WILD GARDEN HOUSING LLC

    AFFORDABLE HOUSING · WA · income $2,659,001 · assets $10,881,999

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • SNOHOMISH PORTFOLIO DASH NGP LLC

    AFFORDABLE HOUSING · WA · income $0 · assets $0

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • GREENBRIER PRESERVATION LLC

    AFFORDABLE HOUSING · WA · income $0 · assets $0

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • 5TH & WILLIAMS DEVELOPMENT LLC

    HOUSING DEVELOPMENT · WA · income $0 · assets $0

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

Related partnerships

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

  • ASHWOOD COMMUNITY REDEVELOPMENT LLLP

    RELATED · HOUSING DEVELOPMENT · WA · 0.01% owned · share of income -$26 · share of assets $41,668 · general or managing partner

    Directly controlled by ASHWOOD COMMUNITY GROUP LLC

  • SUMMERFIELD REHAB LLLP

    RELATED · HOUSING DEVELOPMENT · WA · 0.01% owned · general or managing partner

    Directly controlled by YWCA

  • ASHWOOD COMMUNITY GROUP LLC

    RELATED · AFFORDABLE HOUSING · WA · 0.01% owned · general or managing partner

    Directly controlled by DOWNTOWN ACTION TO SAVE HOUSING

  • OPPORTUNITY PLACE HOUSING LLLP

    RELATED · AFFORDABLE HOUSING · WA · 0.01% owned · general or managing partner

    Directly controlled by YWCA

  • 223 YESLER GP LLC

    RELATED · AFFORDABLE HOUSING · WA · 0.01% owned · general or managing partner

    Directly controlled by LIHI

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TRANSFORMING AGE VENTURES INC

    C · FOR-PROFIT VENTURES AND ACTIVITIES · WA

  • SENIOR HOUSING ASSISTANCE CORPORATION

    C · LOW-INCOME HOUSING · WA

  • ALEGRECARE INC

    C · HOME HEALTH · CA

  • HEALTH CARE PARTNERS INC

    C · HOME HEALTH · CA

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2026
IRS schema version
2024v5.5
Source object
202642259349302274

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