Totals
- Total revenue
- $66,008
- Total expenses
- $95,419
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $66,003
- Investment income
- $5
- Other revenue
- $0
- Total assets, end of year
- $720,733
- Total liabilities, end of year
- $515,765
- Net assets or fund balances, end of year
- $204,968
- Program services expenses (Part IX)
- $69,949
- Management and general expenses
- $25,470
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $69,949
Program services were 73.3% 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: LOW INCOME RENT
total $66,003 · related or exempt $66,003
-
3 · Investment income
total $5 · excluded $5
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $20,100 · management and general $20,100
-
11g · Fees: other
total $3,854 · management and general $3,854
-
13 · Office expenses
total $3,602 · program services $2,086 · management and general $1,516
-
16 · Occupancy
total $23,978 · program services $23,978
-
22 · Depreciation, depletion and amortization
total $29,567 · program services $29,567
-
23 · Insurance
total $6,650 · program services $6,650
-
24a · Other expenses: MAINTENANCE & SUPPLIES
total $4,894 · program services $4,894
-
24b · Other expenses: BAD DEBT
total $2,774 · program services $2,774
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $27,313 · end of year $13,197
-
2 · Savings and temporary cash investments
beginning of year $70,798 · end of year $96,453
-
4 · Accounts receivable
beginning of year $630 · end of year $168
-
10a · Land, buildings and equipment: cost or other basis
$1,252,600
-
10b · Land, buildings and equipment: accumulated depreciation
$641,685
-
10c · Land, buildings and equipment, net
beginning of year $640,482 · end of year $610,915
-
17 · Accounts payable and accrued expenses
beginning of year $522 · end of year $14,114
-
19 · Deferred revenue
beginning of year $1,276 · end of year $621
-
21 · Escrow or custodial account liability
beginning of year $1,302 · end of year $910
-
23 · Secured mortgages and notes payable
beginning of year $499,800 · end of year $499,800
-
25 · Other liabilities
beginning of year $1,944 · end of year $320
-
27 · Net assets without donor restrictions
beginning of year $234,379 · end of year $204,968
Mission and programs · 2022
Mission
TO PROVIDE LOW-INCOME ADULTS AND FAMILIES WITH HIV/AIDS WITH PERMANENT HOUSING.
-
SHIRLEY BRIDGE BUNGALOWS (THE PROJECT) IS A WASHINGTON PRIVATE NONPROFIT CORPORATION, ORGANIZED IN 2001 FOR THE PURPOSE OF DEVELOPING AND OPERATING A 6-UNIT PROJECT LOCATED IN WEST SEATTLE, WASHINGTON. SOUND MENTAL HEALTH ACQUIRED CONTROL OF THE PROJECT FROM BUILDINGCHANGES ON AUGUST 1, 2012. THE PROJECT WAS FORMED AND OPERATES UNDER SECTION 811 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES PROGRAM. HUD PROVIDES FUNDING TO DEVELOP AND SUBSIDIZE RENTAL HOUSING WITH THE AVAILABILITY OF SUPPORTIVE SERVICES FOR VERY LOW-INCOME ADULTS WITHDISABILITIES. THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) REGULATES SUCH PROJECTS AS TO CHANGE OR DISCONTINUATION OF USE, RENT CHARGES AND OPERATING METHODS. THE PROJECT ALSO IS SUBJECT TO AN 811 PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) AGREEMENT WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED UNDER THE 811 PRAC SUBSIDY PROGRAM.
Expenses $69,949 · Revenue $66,003
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Patrick EvansPATRICK EVANS
CHIEF EXECUTIVE OFFICER (THRU 12/22)
- Total calculated
- $511,883
- From this org
- $0
- From related orgs
- $493,810
- Other
- $18,073
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $331,824 related
- Bonus
- $0 + $14,283 related
- Other
- $0 + $147,703 related
- Deferred
- $0 + $9,150 related
- Nontaxable benefits
- $0 + $8,923 related
- Filer's total
- $0 + $511,883 related
-
Katrina EgnerKATRINA EGNER
INTERIM PRESIDENT AND CEO
- Total calculated
- $245,830
- From this org
- $0
- From related orgs
- $223,913
- Other
- $21,917
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $223,207 related
- Bonus
- $0
- Other
- $0 + $706 related
- Deferred
- $0 + $6,717 related
- Nontaxable benefits
- $0 + $15,200 related
- Filer's total
- $0 + $245,830 related
-
Mike De LucaMIKE DE LUCA
VICE PRESIDENT AND CFO
- Total calculated
- $172,033
- From this org
- $0
- From related orgs
- $167,022
- Other
- $5,011
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $165,385 related
- Bonus
- $0
- Other
- $0 + $1,637 related
- Deferred
- $0 + $5,011 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $172,033 related
-
Paul EisenhauerPAUL EISENHAUER
CHIEF FINANCIAL OFFICER (THRU 4/22)
- Total calculated
- $171,529
- From this org
- $0
- From related orgs
- $164,114
- Other
- $7,415
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $161,582 related
- Bonus
- $0 + $250 related
- Other
- $0 + $2,282 related
- Deferred
- $0 + $4,923 related
- Nontaxable benefits
- $0 + $2,492 related
- Filer's total
- $0 + $171,529 related
-
Tom BolgerTOM BOLGER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 12 related
-
Robert StadlerROBERT STADLER
BOARD CHAIR (THRU 10/22)
- Total calculated
- $0
- Hours/week
- 1 + 12 related
-
Eddie PasatiempoEDDIE PASATIEMPO
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 12 related
-
Meg TaylorMEG TAYLOR
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 12 related
-
George StewartGEORGE STEWART
TREASURER (THRU 9/22)
- Total calculated
- $0
- Hours/week
- 1 + 12 related
-
Rob NielsenROB NIELSEN
SECRETARY (THRU 7/22)
- Total calculated
- $0
- Hours/week
- 1 + 12 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
- 4a · Severance or change-of-control payment
Answered no
- 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 4A
- THE FOLLOWING PERSONS RECEIVED A SEVERANCE PAYMENT: -EVANS, PATRICK $141,066
- PART I, LINE 3: COMPENSATION REVIEW
- A RELATED ORGANIZATION, SOUND, ANNUALLY REVIEWS COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER; THE CEO ANNUALLY REVIEWS ALL OF THE OTHER OFFICERS INCLUDING CHIEF FINANCIAL OFFICER.
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) · BEHAVIORAL HEALTH SERVICES · WA
-
501(C)(3) · LOW INCOME HOUSING FOR PEOPLE WITH MULTIPLE NEEDS · WA
Directly controlled by SOUND
-
EASTSIDE RESIDENTIAL OPPORTUNITIES
501(C)(3) · LOW INCOME HOUSING FOR THE ELDERLY AND PEOPLE WITH HANDICAPPING CONDITIONS · WA
Directly controlled by SOUND
-
501(C)(3) · LONG-TERM INDEPENDENT HOUSING FOR LOW-INCOME AND HOMELESS INDIVIDUALS · WA
Directly controlled by SOUND
-
501(C)(3) · LOW INCOME HOUSING · WA
Directly controlled by SOUND
-
501(C)(3) · LOW INCOME HOUSING · WA
Directly controlled by SOUND
-
501(C)(3) · LOW INCOME HOUSING · WA
Directly controlled by SOUND
-
501(C)(3) · LOW INCOME HOUSING · WA
Directly controlled by SOUND
-
CASCADE CLUSTER APARTMENT ASSOCIATES
501(C)(3) · LOW INCOME HOUSING · WA
Directly controlled by SOUND
-
KATERI HOUSE HOUSING ASSOCIATION
501(C)(3) · LOW INCOME HOUSING · WA
Directly controlled by SOUND
-
501(C)(3) · LOW INCOME HOUSING · WA
Directly controlled by SOUND
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.
-
KENYON & BOZEMAN LP
RENTAL REAL ESTATE · WA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 24 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332999349302353
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