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← COMPASS CENTER HOUSING DEVELOPMENT

Form 990 for tax year 2023

Filed by COMPASS CENTER HOUSING DEVELOPMENT.

Totals

Total revenue
$236,649
Total expenses
$1,161,355
Contributions and grants received
$0
Grants paid
$109
Program service revenue
$236,063
Investment income
$586
Other revenue
$0
Total assets, end of year
$13,312,665
Total liabilities, end of year
$5,766,556
Net assets or fund balances, end of year
$7,546,109
Program services expenses (Part IX)
$1,073,001
Management and general expenses
$68,110
Fundraising expenses
$20,244
Program service expenses (Part III)
$1,073,001

Program services were 92.4% 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 $235,531 · related or exempt $235,531

  • 2b · Program service revenue: TENANT FEES

    total $532 · related or exempt $532

  • 3 · Investment income

    total $586 · excluded $586

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $109 · program services $109

  • 11a · Fees: management

    total $23,180 · program services $23,180

  • 11c · Fees: accounting

    total $16,429 · program services $16,429

  • 11g · Fees: other

    total $93,514 · program services $93,514

  • 13 · Office expenses

    total $17,261 · program services $17,261

  • 14 · Information technology

    total $6,349 · program services $6,349

  • 16 · Occupancy

    total $74,925 · program services $74,925

  • 17 · Travel

    total $386 · program services $386

  • 20 · Interest

    total $16,427 · program services $9,051 · management and general $7,376

  • 22 · Depreciation, depletion and amortization

    total $724,717 · program services $643,739 · management and general $60,734 · fundraising $20,244

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $145,000 · program services $145,000

  • 24b · Other expenses: BAD DEBT

    total $34,779 · program services $34,779

  • 24c · Other expenses: EMPLOYEE TRAINING

    total $3,743 · program services $3,743

  • 24d · Other expenses: LICENSES & FEES

    total $2,528 · program services $2,528

  • 24e · All other expenses

    total $2,008 · program services $2,008

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $300 · end of year $4,244

  • 2 · Savings and temporary cash investments

    beginning of year $133,830 · end of year $2,994

  • 4 · Accounts receivable

    beginning of year $37,839 · end of year $40,090

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

    $20,577,833

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

    $7,834,104

  • 10c · Land, buildings and equipment, net

    beginning of year $13,468,446 · end of year $12,743,729

  • 15 · Other assets

    beginning of year $483,947 · end of year $521,608

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,205 · end of year $85,228

  • 23 · Secured mortgages and notes payable

    beginning of year $4,514,575 · end of year $4,525,033

  • 25 · Other liabilities

    beginning of year $1,113,767 · end of year $1,156,295

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,470,815 · end of year $7,546,109

Mission and programs · 2023

Mission

ESSENTIAL SERVICES AND AFFORDABLE HOUSING SO THAT EVERYONE IN OUR COMMUNITY HAS A SAFE PLACE TO CALL HOME.

  • THE ORGANIZATION OWNS AFFORDABLE AND PERMANENT SUPPORTIVE HOUSING PROVIDING THE ENRICHED SERVICES REQUIRED TO ALLOW RESIDENTS TO MAINTAIN THEIR HOUSING AND LIVE IN A CARING COMMUNITY.

    Expenses $1,073,001 · Grants $109 · Revenue $236,063

As filed on the 2023 return.

Listed in Part VII

  • Jonathan Perrino

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 5 related

  • Derek Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 5 related

  • Pastor Paul Stumme-Biers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 5 related

  • Mary Steele

    PRESIDENT THRU 12/23

    Total calculated
    $207,670
    From this org
    $0
    From related orgs
    $200,670
    Other
    $7,000
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,670 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,000 related
    Filer's total
    $0 + $207,670 related

  • Michael Bailey

    PRESIDENT FROM 10/23

    Total calculated
    $42,723
    From this org
    $0
    From related orgs
    $41,606
    Other
    $1,117
    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

  • 3 · Compensation committee
  • 3 · Compensation survey or study

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

The filer's explanations (Part III)

SCHEDULE J, PART II:
COMPENSATION FOR THE EXECUTIVE DIRECTOR IS ESTABLISHED AND PAID BY COMPASS HOUSING ALLIANCE, A RELATED ORGANIZATION.

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.

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.

  • COMPASS CASCADE LLC

    SEE PART VII · WA · income $226,077 · assets $2,399,702

    Directly controlled by COMPASS CENTER HOUSING DEVELOPMENT

Related partnerships

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

  • LATCH-ROXBURY LP

    HOUSING FOR LOW INCOME SINGLES AND FAMILIES · WA

  • LATCH-SEATAC LP

    HOUSING FOR LOW INCOME ELDERLY PEOPLE · WA

  • 9TH & STEWART LLC

    LOW INCOME HOUSING · WA

  • COMPASS CENTER BALLARD LLC

    LOW INCOME HOUSING · WA

  • COMPASS ON DEXTER LLC

    DEVELOPMENT OF FUTURE LOW INCOME HOUSING · WA

  • COMPASS AT RONALD COMMONS LLC

    REAL ESTATE · WA

  • COMPASS BROADVIEW LLC

    DEVELOPMENT OF FUTURE LOW INCOME HOUSING · WA

Related corporations and trusts

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

  • COMPASS RENTON CONDOMINIUM ASSOCIATON

    C · MAINTENANCE OF RENTON PROPERTY · WA

  • GETHSEMANE CONDO ASSOCIATION

    C · MAINTENANCE OF 9TH & STEWART PROPERTY · WA

  • RONALD COMMONS A CONDOMINIUM

    C · MAINTENANCE OF RONALD COMMONS · WA

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349321588

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