Form 990 for tax year 2022

Filed by WASHINGTON HOUSING EQUITY ALLIANCE.

Totals

Total revenue: $566,496
Total expenses: $321,996
Contributions and grants received: $190,150
Grants paid: $0
Program service revenue: $376,339
Investment income: $7
Other revenue: $0
Total assets, end of year: $1,281,953
Total liabilities, end of year: $1,974,901
Net assets or fund balances, end of year: -$692,948
Program services expenses (Part IX): $184,416
Management and general expenses: $137,580
Fundraising expenses: $0
Program service expenses (Part III): $184,416

Program services were 57.3% 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)

$123,900
1f · All other contributions, gifts and grants

$66,250
2a · Program service revenue: SERVICE REVENUE

total $376,339 · related or exempt $376,339
3 · Investment income

total $7 · excluded $7

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $51,704 · program services $37,862 · management and general $13,842
10 · Payroll taxes

total $16,834 · program services $12,327 · management and general $4,507
11b · Fees: legal

total $24,269 · management and general $24,269
11c · Fees: accounting

total $56,335 · management and general $56,335
11g · Fees: other

total $34,770 · program services $25,461 · management and general $9,309
12 · Advertising and promotion

total $6,527 · program services $4,780 · management and general $1,747
13 · Office expenses

total $8,063 · program services $5,904 · management and general $2,159
14 · Information technology

total $4,088 · program services $2,994 · management and general $1,094
16 · Occupancy

total $27,716 · program services $20,296 · management and general $7,420
22 · Depreciation, depletion and amortization

total $46,228 · program services $33,852 · management and general $12,376
23 · Insurance

total $13,956 · program services $10,220 · management and general $3,736
24a · Other expenses: PROGRAM EXPENSES

total $28,570 · program services $28,570
24b · Other expenses: OTHER EXPENSES

total $2,460 · program services $1,801 · management and general $659
24c · Other expenses: LICENSES AND FEES

total $476 · program services $349 · management and general $127

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $44,520 · end of year $263,587
4 · Accounts receivable

beginning of year $14,647 · end of year $10,051
10a · Land, buildings and equipment: cost or other basis

$1,816,620
10b · Land, buildings and equipment: accumulated depreciation

$881,723
10c · Land, buildings and equipment, net

beginning of year $917,458 · end of year $934,897
15 · Other assets

beginning of year $146,888 · end of year $73,418
17 · Accounts payable and accrued expenses

beginning of year $16,718 · end of year $39,692
23 · Secured mortgages and notes payable

beginning of year $1,816,701 · end of year $1,686,727
24 · Unsecured notes and loans payable

beginning of year $154,488 · end of year $129,974
25 · Other liabilities

beginning of year $118,508 · end of year $118,508
27 · Net assets without donor restrictions

beginning of year -$982,902 · end of year -$692,948

Mission and programs · 2022

Mission

EAW'S MISSION IS TO BUILD AND CREATE SACRED LIVING SPACES THROUGH AFFORDABLE HOUSING FOR BLACK FAMILIES AND THE BLACK COMMUNITY IN WASHINGTON STATE, AND TO JOIN WITH OTHERS TO CREATE WEALTH THROUGH ASSET ACQUISITIONS, ADVOCACY, AND THE PROMOTION OF SOCIAL JUSTICE FOR THE BLACK/AFRICAN AMERICAN COMMUNITY.

OWN A TRANSITIONAL HOUSING SHELTER KNOWN AS THE BUNKHOUSE SERVING HOMELESS AND VERY LOW INCOME PERSONS.

Expenses $121,707 · Revenue $76,339
DEVELOP AFFORDABLE HOUSING FOR THE BLACK COMMUNITY.

Expenses $62,709 · Revenue $300,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Evelyn Thomas AllenEVELYN THOMAS ALLEN

EXECUTIVE DIRECTOR

Total calculated

$55,915

From this org

$55,915

From related orgs

$0

Other

$0

Hours/week

7.5
Pastor Carey G AndersonPASTOR CAREY G ANDERSON

PRESIDENT

Total calculated

$0

Hours/week

2
Doreen CatoDOREEN CATO

VICE PRESIDENT

Total calculated

$0

Hours/week

1
Schelia WardSCHELIA WARD

SECRETARY

Total calculated

$0

Hours/week

1
Regina BigbyREGINA BIGBY

TREASURER

Total calculated

$0

Hours/week

1
Julie BurrellJULIE BURRELL

BOARD MEMBER

Total calculated

$0

Hours/week

1
Bill HallermanBILL HALLERMAN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Michael ReichertMICHAEL REICHERT

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jesus SanchezJESUS SANCHEZ

BOARD MEMBER

Total calculated

$0

Hours/week

1
Severin WandjiSEVERIN WANDJI

BOARD MEMBER

Total calculated

$0

Hours/week

1
Michael WilliamsMICHAEL WILLIAMS

BOARD MEMBER

Total calculated

$0

Hours/week

1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 November 2023
IRS schema version: 2022v5.0
Source object: 202343199349324369

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