Totals
- Total revenue
- $7,158,682
- Total expenses
- $4,146,837
- Contributions and grants received
- $4,422,503
- Grants paid
- $5,000
- Program service revenue
- $2,416,420
- Investment income
- $300,561
- Other revenue
- $19,198
- Total assets, end of year
- $67,898,831
- Total liabilities, end of year
- $16,783,972
- Net assets or fund balances, end of year
- $51,114,859
- Program services expenses (Part IX)
- $2,335,559
- Management and general expenses
- $1,643,187
- Fundraising expenses
- $168,091
- Program service expenses (Part III)
- $2,335,559
Program services were 56.3% 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.
-
1e · Government grants (contributions)
$2,768,578
-
1f · All other contributions, gifts and grants
$1,653,925
-
2a · Program service revenue: LOAN INTEREST INCOME
total $1,298,472 · related or exempt $1,298,472
-
2b · Program service revenue: CONTRACT ADMIN. FEE
total $741,417 · related or exempt $741,417
-
2c · Program service revenue: LOAN AND SERVICING FEE
total $331,309 · related or exempt $331,309
-
2d · Program service revenue: HOMEBUYER EDUCATION
total $45,222 · related or exempt $45,222
-
3 · Investment income
total $300,561 · excluded $300,561
-
11a · Other revenue: MISCELLANEOUS INCOME
total $6,722 · excluded $6,722
-
11b · Other revenue: RECOVERY OF BAD DEBT
total $6,476 · excluded $6,476
-
11c · Other revenue: FISCAL AGENT FEES
total $6,000 · excluded $6,000
-
11e · Other revenue, total
$19,198
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,000 · program services $5,000
-
5 · Compensation of officers, directors and key employees
total $228,115 · program services $182,492 · management and general $45,623
-
7 · Other salaries and wages
total $2,439,011 · program services $1,317,328 · management and general $985,701 · fundraising $135,982
-
8 · Pension plan contributions
total $53,437 · program services $32,688 · management and general $18,370 · fundraising $2,379
-
9 · Other employee benefits
total $381,923 · program services $233,630 · management and general $131,290 · fundraising $17,003
-
10 · Payroll taxes
total $252,107 · program services $143,959 · management and general $95,508 · fundraising $12,640
-
11b · Fees: legal
total $39,639 · program services $16,751 · management and general $22,888
-
11c · Fees: accounting
total $60,527 · program services $25,578 · management and general $34,949
-
11g · Fees: other
total $47,023 · program services $19,871 · management and general $27,152
-
14 · Information technology
total $46,462 · program services $19,634 · management and general $26,828
-
16 · Occupancy
total $147,372 · program services $106,422 · management and general $40,950
-
17 · Travel
total $99,478 · program services $37,164 · management and general $62,314
-
20 · Interest
total $128,134 · program services $128,134
-
22 · Depreciation, depletion and amortization
total $12,836 · program services $7,859 · management and general $4,977
-
24a · Other expenses: GENERAL OPERATIONS
total $263,436 · program services $154,139 · management and general $109,235 · fundraising $62
-
24b · Other expenses: PROGRAM COSTS
total $149,995 · program services $146,425 · management and general $3,570
-
24c · Other expenses: OTHER EMPLOYMENT COSTS
total $40,359 · program services $7,587 · management and general $32,747 · fundraising $25
-
24d · Other expenses: BLACK HOMEOWNER INIT.
total $11,200 · program services $11,200
-
24e · All other expenses
total -$259,217 · program services -$260,302 · management and general $1,085
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,703,478 · end of year $6,125,605
-
2 · Savings and temporary cash investments
beginning of year $11,411,160 · end of year $11,260,184
-
3 · Pledges and grants receivable
beginning of year $328,177
-
4 · Accounts receivable
beginning of year $458,495 · end of year $189,169
-
5 · Loans and receivables from officers and key people
beginning of year $104,974 · end of year $95,000
-
7 · Other notes and loans receivable
end of year $6,959,433
-
9 · Prepaid expenses and deferred charges
beginning of year $28,015 · end of year $28,758
-
10a · Land, buildings and equipment: cost or other basis
$984,594
-
10b · Land, buildings and equipment: accumulated depreciation
$742,835
-
10c · Land, buildings and equipment, net
beginning of year $261,160 · end of year $241,759
-
12 · Investments: other securities
beginning of year $37,400 · end of year $130,000
-
13 · Investments: program-related
beginning of year $37,038,750 · end of year $36,190,302
-
15 · Other assets
beginning of year $13,082,993 · end of year $6,678,621
-
17 · Accounts payable and accrued expenses
beginning of year $393,567 · end of year $400,973
-
19 · Deferred revenue
beginning of year $7,631,588 · end of year $8,587,259
-
21 · Escrow or custodial account liability
beginning of year $64,855 · end of year $1,875
-
23 · Secured mortgages and notes payable
beginning of year $5,711,005 · end of year $7,587,428
-
25 · Other liabilities
beginning of year $287,388 · end of year $206,437
-
27 · Net assets without donor restrictions
beginning of year $26,870,370 · end of year $21,417,028
-
28 · Net assets with donor restrictions
beginning of year $25,495,829 · end of year $29,697,831
Mission and programs · 2024
Mission
HOMESIGHT CREATES AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES THROUGH ITS HOMEBUYER EDUCATION AND LENDING PROGRAMS. THESE PROGRAMS PRIMARILY SERVE LOW AND MODERATE INCOME, FIRSTTIME HOMEBUYERS IN SEATTLE, KING, PIERCE, AND SNOHOMISH COUNTIES, AND SUPPORT LOCAL BUSINESSES. HOMESIGHT IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, CERTIFIED BY THE US DEPARTMENT OF TREASURY, AND IS A WASHINGTON STATE LICENSED CONSUMER LOAN COMPANY PROVIDING MORTGAGE LOANS STATEWIDE.
Activities or mission (Part I)
PROMOTING SOCIAL AND ECONOMIC EQUITY TO PRESERVE AND ENHANCE ECONOMICALLY AND CULTURALLY DIVERSE COMMUNITIES THROUGH AFFORDABLE HOMEOWNERSHIP, BUSINESS DEVELOPMENT, AND COMMUNITY ADVOCACY.
-
HOMEBUYER SERVICES & LENDING: HOMESIGHT'S HOMEBUYER EDUCATION AND COUNSELING PROGRAMS SERVE NEARLY 350 HOUSEHOLDS ANNUALLY, INCLUDING NEW AND EXISTING CUSTOMERS. IN 2024, OF THESE CUSTOMERS, 94% WERE AT OR BELOW 80% PERCENT OF THE AREA MEDIAN INCOME. HOMESIGHT'S MISSION IS TO SERVE PRIMARILY MODERATE-INCOME FAMILIES WISHING TO PURCHASE THEIR FIRST HOME, BUT AS A HUD-CERTIFIED HOUSING COUNSELING ONE-ON-ONE AGENCY, IT CANNOT DISCRIMINATE BASED ON INCOME. ITS HOMEBUYER PROGRAM CONSISTS OF COUNSELING AND NO-COST CLASSES ON ACHIEVING THE DREAM OF HOMEOWNERSHIP, OR AN ONLINE BUYER EDUCATION CURRICULUM FOR A NOMINAL FEE.HOMESIGHT DEVELOPED ITS REVOLVING LOAN FUND IN 1991 TO ADDRESS THE GROWING GAP BETWEEN FAMILY INCOMES AND HOME PRICES. IT OFFERS PURCHASE ASSISTANCE LOANS FUNDED BY PUBLIC AND PRIVATE INVESTMENTS TO PACKAGE HIGHLY COMPETITIVE AMORTIZING OR DEFERRED SECOND LOANS AND DEFERRED THIRD LOANS FOR LOW- AND MODERATE-INCOME HOMEBUYERS. THIS STRUCTURE ALLOWS HOMESIGHT TO MINIMIZE OR ELIMINATE THE REQUIREMENT FOR FHA OR PRIVATE MORTGAGE INSURANCE FOR ITS CUSTOMERS THEREBY INCREASING THE BUYING POWER OF LOW- AND MODERATE-INCOME FIRST-TIME HOMEBUYERS. HOMESIGHT IS A "CORRESPONDENT" 1ST MORTGAGE LENDER TO THE WASHINGTON STATE HOUSING FINANCE COMMISSION, A LOCAL COMMUNITY BANK, AND A NEIGHBORWORKS AMERICA PARTNER. IN 2024, HOMESIGHT ORIGINATED OVER $9.5 MILLION IN 1ST MORTGAGE LOANS WITH ITS CAPITAL PRIMARILY FOR SUBSEQUENT SALE TO THESE LENDERS. THROUGH THESE CHANNELS HOMESIGHT PROVIDES QUALITY, LOW-INTEREST DOWN-PAYMENT OPTIONS AND MORE FLEXIBLE CASE-BY-CASE UNDERWRITING THAT ALLOWS MANY MORTGAGE-ELIGIBLE CUSTOMERS TO ACCESS CREDIT THAT WOULD NOT BE AVAILABLE TO THEM OTHERWISE. IN 2020, HOMESIGHT WAS APPROVED BY THE US DEPARTMENT OF TREASURY - CDFI FUND TO EXPAND THE TARGET MARKET TO AFRICAN AMERICANS (AA) IN KING, PIERCE, AND SNOHOMISH COUNTIES. SINCE THIS ADDITION, HOMESIGHT HAS FOUGHT AGAINST REDLINING AND GENTRIFICATION OF AA'S IN THE SEATTLE AREA BY INTRODUCING LENDING PROGRAMS SUCH AS THE SAM SMITH HI NEIGHBOR HOMEOWNERSHIP FUND (SSHNHF) AND THE SOCIAL JUSTICE (SJ) DPA PROGRAM. THE SSHNHF HELPS AA'S BETWEEN 80-120% AREA MEDIAN INCOME, PURCHASE HOMES ACROSS WASHINGTON STATE BY OFFERING DOWN PAYMENT ASSISTANCE UP TO $20,000 AT 3% DEFERRED FOR 30 YEARS. HOMESIGHT HAS PARTNERED WITH WINDERMERE, US BANK, AND NAREB TO PIONEER THIS INNOVATIVE PROGRAM. AS HOUSING PRICES CONTINUE TO SKYROCKET AND INTEREST RATES CREEP UP, HOMESIGHT HAS MADE IT A MISSION TO SUPPORT BIPOC COMMUNITIES. HOMESIGHT IS SUPPORTING BIPOC FIRST TIME HOME BUYERS BY OFFERING THE SOCIAL JUSTICE DPA PROGRAM. THE PROGRAM INCLUDES $10,000 DEFERRED DOWN PAYMENT ASSISTANCE AT 0% FOR 30 YEARS. THE $3 MILLION SJ DPA FUND WILL HELP 300 BIPOC FAMILIES PURCHASE HOMES IN WASHINGTON STATE. IN 2021, HOMESIGHT LAUNCHED A COUPLE OF DIFFERENT MORTGAGE LOAN PROGRAMS TO FURTHER SUPPORT BIPOC COMMUNITIES. HOMESIGHT NOW OFFERS A VISTA (ITIN) LOAN PROGRAM AND A SHARIA COMPLIANT LOAN PROGRAM. THE VISTA LOAN IS AIMED AT HELPING THOSE WITHOUT TRADITIONAL SOCIAL SECURITY NUMBERS PURCHASE HOMES. THE VISTA LOAN PROGRAM ONLY REQUIRES A 5% DOWN PAYMENT BY THE BORROWER. THIS IS MUCH FRIENDLIER THAN THE OTHER ITIN PROGRAMS AROUND WHICH REQUIRE 10% TO 30% DOWN. HOMESIGHT WAS ALSO APPROVED BY THE WASHINGTON STATE HOUSING FINANCE COMMISSION TO FUND AND SELL SHARIA COMPLIANT FIRST MORTGAGES. THERE IS A LARGE ISLAMIC POPULATION IN SEATTLE THAT NEEDS SUPPORT IN PURCHASING FIRST HOMES. HOMESIGHT WAS EXCLUSIVELY APPROVED BY THE WSHFC TO OFFER THESE LOANS. HOMESIGHT PARTNERED WITH IJARA CDC TO OFFER THIS INNOVATIVE, INTEREST FREE, AND SHARIA COMPLIANT LOANS. TOGETHER WITH OUR PARTNERS WE HOPE TO MAKE A DIFFERENCE FOR FIRST-TIME HOMEBUYERS IN THIS HOUSING MARKET IN WASHINGTON STATE.
Expenses $2,335,559 · Grants $5,000 · Revenue $2,416,420
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Francine JohnsonFRANCINE JOHNSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Juan CottoJUAN COTTO
VICE PRESIDENT (THRU 09/24)
- Total calculated
- $0
- Hours/week
- 2 + 0.5 related
-
Tayla MillerTAYLA MILLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 0.5 related
-
Herman TamHERMAN TAM
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 0.5 related
-
Terry MillerTERRY MILLER
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 0.5 related
-
Cristina Alvarez RuizCRISTINA ALVAREZ RUIZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nicole Bascomb-GreenNICOLE BASCOMB-GREEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Rebecca BryantREBECCA BRYANT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Katrina FreeburgKATRINA FREEBURG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nadine MorganNADINE MORGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Jonathan PerezJONATHAN PEREZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mickey RossMICKEY ROSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Steve WilliamsSTEVE WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Anna PorkalobANNA PORKALOB
BOARD MEMBER (THRU 06/24)
- Total calculated
- $0
- Hours/week
- 1
-
Darryl SmithDARRYL SMITH
EXECUTIVE DIRECTOR
- Total calculated
- $228,115
- From this org
- $196,866
- From related orgs
- $0
- Other
- $31,249
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $196,866
- Bonus
- $0
- Other
- $0
- Deferred
- $6,240
- Nontaxable benefits
- $25,009
- Filer's total
- $228,115
-
Tammie AndersTAMMIE ANDERS
DIRECTOR OF FINANCE
- Total calculated
- $153,805
- From this org
- $131,848
- From related orgs
- $0
- Other
- $21,957
- Hours/week
- 15 + 25 related
Schedule J breakdown matched by us
- Base
- $131,848
- Bonus
- $0
- Other
- $0
- Deferred
- $2,888
- Nontaxable benefits
- $19,069
- Filer's total
- $153,805
-
Sekai SenwosretSEKAI SENWOSRET
DIR. OF RESOURCE DEVELOPMENT
- Total calculated
- $152,423
- From this org
- $128,136
- From related orgs
- $0
- Other
- $24,287
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $128,136
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $24,287
- Filer's total
- $152,423
-
Seung KimSEUNG KIM
PORTFOLIO DIRECTOR
- Total calculated
- $137,406
- From this org
- $120,169
- From related orgs
- $0
- Other
- $17,237
- Hours/week
- 40
-
Uche OkezieUCHE OKEZIE
REAL ESTATE DEVELOPMENT
- Total calculated
- $126,768
- From this org
- $107,474
- From related orgs
- $0
- Other
- $19,294
- Hours/week
- 40
-
Moussa SambMOUSSA SAMB
DIRECTOR OF LENDING PARTNERSHIP
- Total calculated
- $118,163
- From this org
- $100,091
- From related orgs
- $0
- Other
- $18,072
- Hours/week
- 40
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
- 3 · Approval by the board or compensation committee
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.
-
HOMESIGHT COMMUNITY DEVELOPMENT
501(C)(3) · COMMUNITY DEVELOPMENT · WA · controlled entity
Directly controlled by HOMESIGHT
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.
-
809 HIAWATHA PLACE LLC
DEVELOPMENT · WA · income $80,920 · assets $0
Directly controlled by HOMESIGHT
-
COCO LLC
DEVELOPMENT · WA · income $220,885 · assets $6,228,272
Directly controlled by HOMESIGHT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513179349303281
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.