Totals
- Total revenue
- $65,307,433
- Total expenses
- $62,125,606
- Contributions and grants received
- $16,556,755
- Grants paid
- $0
- Program service revenue
- $37,716,980
- Investment income
- $11,223,245
- Other revenue
- -$189,547
- Total assets, end of year
- $400,398,309
- Total liabilities, end of year
- $294,029,914
- Net assets or fund balances, end of year
- $106,368,395
- Program services expenses (Part IX)
- $55,634,118
- Management and general expenses
- $5,869,255
- Fundraising expenses
- $622,233
- Program service expenses (Part III)
- $55,634,118
Program services were 89.6% 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.
-
1c · Fundraising events
$458,764
-
1e · Government grants (contributions)
$6,386,281
-
1f · All other contributions, gifts and grants
$9,711,710
-
2a · Program service revenue: RENTAL OPERATIONS
total $25,711,159 · related or exempt $25,711,159
-
2b · Program service revenue: PROPERTY MANAGEMENT
total $3,217,857 · related or exempt $3,217,857
-
2c · Program service revenue: INTEREST ON ADVANCES
total $2,592,212 · related or exempt $2,592,212
-
2d · Program service revenue: CONSULTING FEES
total $40,000 · related or exempt $40,000
-
2e · Program service revenue: DEVELOPMENT FEES
total -$23,155 · related or exempt -$23,155
-
2f · All other program service revenue
total $6,178,907 · related or exempt $6,178,907
-
3 · Investment income
total $1,780,953 · excluded $1,780,953
-
7a · Gross sales of assets other than inventory
other assets $14,994,357
-
7b · Less cost or other basis and sales expenses
other assets $5,552,065
-
7c · Gain or loss
other assets $9,442,292
-
7d · Net gain or loss
total $9,442,292 · related or exempt $9,442,292
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$458,764
-
8b · Fundraising events: direct expenses
$189,547
-
8c · Net income from fundraising events
total -$189,547 · excluded -$189,547
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $2,283,204 · program services $1,007,735 · management and general $1,170,655 · fundraising $104,814
-
7 · Other salaries and wages
total $11,045,341 · program services $8,821,394 · management and general $2,154,385 · fundraising $69,562
-
9 · Other employee benefits
total $2,097,209 · program services $1,538,477 · management and general $549,112 · fundraising $9,620
-
10 · Payroll taxes
total $1,341,662 · program services $1,042,317 · management and general $276,888 · fundraising $22,457
-
11a · Fees: management
total $730,022 · program services $136,934 · management and general $453,263 · fundraising $139,825
-
11b · Fees: legal
total $279,531 · program services $275,583 · management and general $1,852 · fundraising $2,096
-
11c · Fees: accounting
total $174,363 · program services $160,868 · management and general $12,405 · fundraising $1,090
-
11g · Fees: other
total $77,274 · program services $63,078 · management and general $4,596 · fundraising $9,600
-
13 · Office expenses
total $1,709,232 · program services $1,228,202 · management and general $451,219 · fundraising $29,811
-
16 · Occupancy
total $16,560,464 · program services $16,304,549 · management and general $238,706 · fundraising $17,209
-
19 · Conferences, conventions and meetings
total $412,283 · program services $129,956 · management and general $93,538 · fundraising $188,789
-
20 · Interest
total $8,854,543 · program services $8,662,782 · management and general $188,842 · fundraising $2,919
-
21 · Payments to affiliates
total $1,924,940 · program services $1,923,681 · management and general $1,157 · fundraising $102
-
22 · Depreciation, depletion and amortization
total $8,176,092 · program services $8,050,852 · management and general $115,127 · fundraising $10,113
-
23 · Insurance
total $1,655,975 · program services $1,637,202 · management and general $17,277 · fundraising $1,496
-
24a · Other expenses: WRITE-OFFS
total $1,907,202 · program services $1,907,202 · management and general $0 · fundraising $0
-
24b · Other expenses: OTHER MISC EXPENSES
total $1,430,254 · program services $1,430,254 · management and general $0 · fundraising $0
-
24c · Other expenses: PROGRAM EXPENSES
total $1,216,818 · program services $1,212,251 · management and general $4,567 · fundraising $0
-
24d · Other expenses: LICENSES & FEES
total $249,197 · program services $100,801 · management and general $135,666 · fundraising $12,730
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,393,901 · end of year $12,068,722
-
3 · Pledges and grants receivable
beginning of year $814,532 · end of year $689,168
-
4 · Accounts receivable
beginning of year $7,699,717 · end of year $8,922,547
-
7 · Other notes and loans receivable
beginning of year $101,839,263 · end of year $103,875,334
-
9 · Prepaid expenses and deferred charges
beginning of year $3,142,514 · end of year $1,208,119
-
10a · Land, buildings and equipment: cost or other basis
$307,634,558
-
10b · Land, buildings and equipment: accumulated depreciation
$84,078,479
-
10c · Land, buildings and equipment, net
beginning of year $229,293,880 · end of year $223,556,079
-
13 · Investments: program-related
beginning of year $29,042,918 · end of year $36,493,330
-
15 · Other assets
beginning of year $9,569,567 · end of year $13,585,010
-
17 · Accounts payable and accrued expenses
beginning of year $4,192,757 · end of year $4,317,487
-
22 · Loans and payables to officers and key people
beginning of year $498,000 · end of year $480,334
-
23 · Secured mortgages and notes payable
beginning of year $271,010,873 · end of year $273,482,084
-
25 · Other liabilities
beginning of year $13,503,117 · end of year $15,750,009
-
27 · Net assets without donor restrictions
beginning of year $96,983,464 · end of year $104,008,472
-
28 · Net assets with donor restrictions
beginning of year $1,608,081 · end of year $2,359,923
Mission and programs · 2025
Mission
SEE SCHEDULE O
Activities or mission (Part I)
FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:BELLWETHER CREATES STABLE COMMUNITIES AND ACCESS TO OPPORTUNITY THROUGH AFFORDABLE HOUSING. WE DEVELOP AND MANAGE HOMES FOR PEOPLE WITH LIMITED INCOMES NEAR JOB CENTERS, TRANSIT, AND SERVICES. WE AMPLIFY OUR IMPACT BY HELPING OTHER ORGANIZATIONS IN THE PUGET SOUND REGION DO THE SAME. WE ENVISION DIVERSE COMMUNITIES WHERE PEOPLE OF ALL INCOMES AND BACKGROUNDS SHARE IN THE PROSPERITY OF OUR REGION.
-
SEE SCHEDULE O
-
SEE SCHEDULE O
Expenses $51,320,406 · Revenue $32,097,440
-
SEE SCHEDULE O
Expenses $3,450,970 · Revenue $9,396,764
-
BELLWETHER HOUSING PROVIDES FEE-BASED TECHNICAL ASSISTANCE TO HELP OTHER NON-PROFITS CREATE AFFORDABLE HOUSING FOR THEIR RESPECTIVE MARKETS. SERVICES INCLUDE CONSULTING IN THE AREAS OF DEVELOPMENT, PROPERTY MANAGEMENT AND ASSET MANAGEMENT. ADDITIONALLY, BELLWETHER PROVIDES FEE-BASED OPERATIONAL MANAGEMENT SERVICES TO ITS LIHTC PARTNERS IN THE BUILDING AND DELIVERY OF AFFORDABLE HOUSING.
Expenses $862,742 · Revenue -$23,155
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Alex HudsonALEX HUDSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Andres MantillaANDRES MANTILLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carla DewberryCARLA DEWBERRY
DIRECTOR, TREASURER, FINAN
- Total calculated
- $0
- Hours/week
- 1
-
Gregg ColburnGREGG COLBURN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jilma JimenezJILMA JIMENEZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Kate JoncasKATE JONCAS
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kateesha AtterberryKATEESHA ATTERBERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark KlebanoffMARK KLEBANOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle ChenMICHELLE CHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike WooMIKE WOO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Navneet KesherNAVNEET KESHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pete MillerPETE MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter LarsenPETER LARSEN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rebekah BastianREBEKAH BASTIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Reza MarashiREZA MARASHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shelly CrockerSHELLY CROCKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer NguyenJENNIFER NGUYEN
CHIEF FINANCIAL OFFICER
- Total calculated
- $353,803
- From this org
- $330,862
- From related orgs
- $0
- Other
- $22,941
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $330,862
- Bonus
- $0
- Other
- $0
- Deferred
- $13,174
- Nontaxable benefits
- $9,767
- Filer's total
- $353,803
-
Megan MayesMEGAN MAYES
FUNDRAISING AND COMMUNICAT
- Total calculated
- $196,172
- From this org
- $178,499
- From related orgs
- $0
- Other
- $17,673
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $178,499
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $17,673
- Filer's total
- $196,172
-
Susan BoydSUSAN BOYD
CHIEF EXECUTIVE OFFICER
- Total calculated
- $415,804
- From this org
- $386,225
- From related orgs
- $0
- Other
- $29,579
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $386,225
- Bonus
- $0
- Other
- $0
- Deferred
- $12,894
- Nontaxable benefits
- $16,685
- Filer's total
- $415,804
-
Jovan LudoviceJOVAN LUDOVICE
VICE PRESIDENT OF REAL EST
- Total calculated
- $223,601
- From this org
- $203,891
- From related orgs
- $0
- Other
- $19,710
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $203,891
- Bonus
- $0
- Other
- $0
- Deferred
- $1,990
- Nontaxable benefits
- $17,720
- Filer's total
- $223,601
-
Michelle HawleyMICHELLE HAWLEY
VICE PRESIDENT OF PROPERTY
- Total calculated
- $243,562
- From this org
- $218,246
- From related orgs
- $0
- Other
- $25,316
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $218,246
- Bonus
- $0
- Other
- $0
- Deferred
- $8,271
- Nontaxable benefits
- $17,045
- Filer's total
- $243,562
-
Jacob GelbJACOB GELB
DIRECTOR OF ASSET MANAGEME
- Total calculated
- $227,631
- From this org
- $196,795
- From related orgs
- $0
- Other
- $30,836
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,795
- Bonus
- $0
- Other
- $0
- Deferred
- $7,764
- Nontaxable benefits
- $23,072
- Filer's total
- $227,631
-
Jeff CraigJEFF CRAIG
DIRECTOR OF INFORMATION TE
- Total calculated
- $203,925
- From this org
- $188,191
- From related orgs
- $0
- Other
- $15,734
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,191
- Bonus
- $0
- Other
- $0
- Deferred
- $5,638
- Nontaxable benefits
- $10,096
- Filer's total
- $203,925
-
Melissa TutorMELISSA TUTOR
VICE PRESIDENT OF HUMAN RE
- Total calculated
- $249,941
- From this org
- $218,246
- From related orgs
- $0
- Other
- $31,695
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $218,246
- Bonus
- $0
- Other
- $0
- Deferred
- $8,621
- Nontaxable benefits
- $23,074
- Filer's total
- $249,941
-
Paul RamirezPAUL RAMIREZ
DIRECTOR OF FACILITIES MAN
- Total calculated
- $190,253
- From this org
- $173,249
- From related orgs
- $0
- Other
- $17,004
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,249
- Bonus
- $0
- Other
- $0
- Deferred
- $6,919
- Nontaxable benefits
- $10,085
- Filer's total
- $190,253
-
Todd M KitchensTODD M KITCHENS
CONTROLLER
- Total calculated
- $212,062
- From this org
- $188,999
- From related orgs
- $0
- Other
- $23,063
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,999
- Bonus
- $0
- Other
- $0
- Deferred
- $6,983
- Nontaxable benefits
- $16,080
- Filer's total
- $212,062
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 · Compensation survey or study
- 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.
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.
-
1201 SUMMIT LLC
LOW INCOME HOUSING · WA · income $2,297,660 · assets $6,021,261
Directly controlled by BELLWETHER HOUSING
-
ANNAPOLIS LLC
LOW INCOME HOUSING · WA · income $335,938 · assets $669,298
Directly controlled by BELLWETHER HOUSING
-
BELLEVUE OLIVE LLC
LOW INCOME HOUSING · WA · income $1,083,117 · assets $2,559,918
Directly controlled by BELLWETHER HOUSING
-
LOW INCOME HOUSING · WA · income $1,711,769 · assets $20,710,175
Directly controlled by BELLWETHER HOUSING
-
BELLWETHER RENTON SAGE LLC
LOW INCOME HOUSING · WA · income $4,835,147 · assets $79,222,968
Directly controlled by BELLWETHER HOUSING
-
LOW INCOME HOUSING · WA · income $2,716,156 · assets $32,811,099
Directly controlled by BELLWETHER HOUSING
-
BELLWETHER VIEWS LLC
LOW INCOME HOUSING · WA · income $2,860,099 · assets $12,012,605
Directly controlled by BELLWETHER HOUSING
-
BW OVERLAKE LLLP
LOW INCOME HOUSING · WA · income $0 · assets $0
Directly controlled by BELLWETHER HOUSING
-
CASA PACIFICA APARTMENTS LLC
LOW INCOME HOUSING · WA · income $1,346,108 · assets $3,409,356
Directly controlled by BELLWETHER HOUSING
-
EAGLES AUDITORIUM LP
LOW INCOME HOUSING · WA · income $495,769 · assets $839,855
Directly controlled by BELLWETHER HOUSING
-
EIGHTH & STEWART LP
LOW INCOME HOUSING · WA · income $1,328,215 · assets $6,020,876
Directly controlled by BELLWETHER HOUSING
-
GENESEE LP
LOW INCOME HOUSING · WA · income $695,846 · assets $4,790,540
Directly controlled by BELLWETHER HOUSING
-
GRAHAM TERRY APARTMENTS LLC
LOW INCOME HOUSING · WA · income $1,484,181 · assets $8,117,859
Directly controlled by BELLWETHER HOUSING
-
JUDKINS PARK LLC
LOW INCOME HOUSING · WA · income $242,325 · assets $1,962,623
Directly controlled by BELLWETHER HOUSING
-
JUNEAU AND PARDEE TOWNHOMES LLC
LOW INCOME HOUSING · WA · income $202,538 · assets $420,055
Directly controlled by BELLWETHER HOUSING
-
LOW INCOME HOUSING · WA · income $92,915 · assets $2,937,100
Directly controlled by BELLWETHER HOUSING
-
MERCER COURT LP
LOW INCOME HOUSING · WA · income $431,765 · assets $1,429,161
Directly controlled by BELLWETHER HOUSING
-
MERIDIAN AVENUE NORTH LP
LOW INCOME HOUSING · WA · income $2,346,559 · assets $13,632,951
Directly controlled by BELLWETHER HOUSING
-
OLIVE TOWER APARTMENTS LLC
LOW INCOME HOUSING · WA · income $1,137,483 · assets $1,060,673
Directly controlled by BELLWETHER HOUSING
-
OREGON APARTMENTS LLC
LOW INCOME HOUSING · WA · income $1,128,655 · assets $2,091,397
Directly controlled by BELLWETHER HOUSING
-
LOW INCOME HOUSING · WA · income $249,281 · assets $5,523,332
Directly controlled by BELLWETHER HOUSING
-
LOW INCOME HOUSING · WA · income $119,574 · assets $465,926
Directly controlled by BELLWETHER HOUSING
-
STONEWAY APARTMENTS LLC
LOW INCOME HOUSING · WA · income $1,157,275 · assets $11,508,357
Directly controlled by BELLWETHER HOUSING
-
TATE MASON HOUSE LLC
LOW INCOME HOUSING · WA · income $1,288,431 · assets $2,765,032
Directly controlled by BELLWETHER HOUSING
-
THIRD & PINE REDEVELOPMENT LP
LOW INCOME HOUSING · WA · income $803,792 · assets $5,373,975
Directly controlled by BELLWETHER HOUSING
-
LOW INCOME HOUSING · WA · income $8,160,248 · assets $73,897
Directly controlled by BELLWETHER HOUSING
-
LOW INCOME HOUSING · WA · income $0 · assets $0
Directly controlled by BELLWETHER HOUSING
-
BW OVERLAKE GP LLC
LOW INCOME HOUSING · WA · income $0 · assets $0
Directly controlled by BELLWETHER HOUSING
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
1511 DEXTER
RELATED · LOW INCOME HOUSING · WA · 0.01% owned · share of income -$78 · share of assets $3,124,825 · general or managing partner
Directly controlled by BELLWETHER HOUSING
-
6600 ROOSEVELT LLLP
N/A · LOW INCOME HOUSING · WA · general or managing partner
-
BELLWETHER LINDEN LLLP
N/A · LOW INCOME HOUSING · WA · 0.01% owned · share of income -$401 · share of assets $12,036,299 · general or managing partner
Directly controlled by BELLWETHER HOUSING
-
BELLWETHER TUKWILA LLLP
N/A · LOW INCOME HOUSING · WA · general or managing partner
-
CAMBRIDGE LLLP
N/A · LOW INCOME HOUSING · WA · general or managing partner
-
HRG ROSE STREET APARTMENTS LP
RELATED · LOW INCOME HOUSING · WA · 0.01% owned · share of income -$130,092 · share of assets $3,995,329 · general or managing partner
Directly controlled by BELLWETHER HOUSING
-
MADISON HOUSING LLLP
N/A · LOW INCOME HOUSING · WA · general or managing partner
-
PARKER APARTMENTS LP
RELATED · LOW INCOME HOUSING · WA · 0.01% owned · share of income -$72,364 · share of assets $2,171,073 · general or managing partner
Directly controlled by BELLWETHER HOUSING
-
ROOSEVELT JOINT VENTURE LLC
RELATED · LOW INCOME HOUSING · WA · 67% owned · share of income -$55,693 · share of assets $2,539,450 · general or managing partner
Directly controlled by BELLWETHER HOUSING
-
ROSE 2 LLLP
N/A · LOW INCOME HOUSING · WA · general or managing partner
-
SECURITY HOUSE LLLP
N/A · LOW INCOME HOUSING · WA · general or managing partner
-
SUNSET APARTMENTS LP
N/A · LOW INCOME HOUSING · WA · general or managing partner
-
UNIVERSITY DISTRICT APTS 4 LP
RELATED · LOW INCOME HOUSING · WA · 0.01% owned · share of income -$70 · share of assets $3,099,915 · general or managing partner
Directly controlled by BELLWETHER HOUSING
-
UNIVERSITY DISTRICT APTS 9 LP
RELATED · LOW INCOME HOUSING · WA · 0.01% owned · share of income -$45 · share of assets $1,045,806 · general or managing partner
Directly controlled by BELLWETHER HOUSING
-
THUNDERBIRD NEST LLLP
RELATED · LOW INCOME HOUSING · WA · 99.99% owned · share of assets $2,042,870 · general or managing partner
Directly controlled by BELLWETHER HOUSING
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
COMMERCIAL RESOURCES GROUP
C · REAL ESTATE · WA · 100% owned
Directly controlled by BELLWETHER HOUSING
-
CAMBRIDGE DEVELOPMENT GP
C · REAL ESTATE · WA · 79% owned · share of income $10,009 · share of assets $83,249
Directly controlled by BELLWETHER HOUSING
-
SECURITY HOUSE DEVELOPMENT GP
C · REAL ESTATE · WA · 79% owned · share of income $5,058 · share of assets $40,650
Directly controlled by BELLWETHER HOUSING
-
SUNSET APARTMENTS GP LLC
C · REAL ESTATE · WA · 100% owned · share of income $626,568 · share of assets $680,791
Directly controlled by BELLWETHER HOUSING
-
CEDAR CROSSING GP
C · REAL ESTATE · WA · 67% owned · share of income $1,067 · share of assets $713,866
Directly controlled by BELLWETHER HOUSING
-
ROSE 2 GP LLC
C · REAL ESTATE · WA · 100% owned · share of income $1 · share of assets $6,597,697
Directly controlled by BELLWETHER HOUSING
-
BELLWETHER TUKWILA GP LLC
C · REAL ESTATE · WA · 100% owned
Directly controlled by BELLWETHER HOUSING
-
MADISON HOUSING GP LLC
C · REAL ESTATE · WA · 100% owned · share of income $1 · share of assets $5,996,803
Directly controlled by BELLWETHER HOUSING
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 23 September 2026
- IRS schema version
- 2025v4.2
- Source object
- 202642669349300404
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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