Georgetown Community Development Authority
- Assets
- $40.2m
- Revenue
- $298.9k
- Investments
- $10.2m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- Data as of
- 12/2021
- EIN
- 84-2919236
Organization Overview
Georgetown Community Development Authority is located in Seattle, WA. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgetown Community Development Authority is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING RESILIENT COMMUNITY, THROUGH AFFORDABLE PLACEMAKING AND PLACEKEEPING IN THE DUWAMISH VALLEY. CREATING AT THE INTERSECTION OF THE ARTS, EQUITY, AND WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF AFFORDABLE HOUSING AND ARTIST WORKSPACES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Laszlo Executive Director | Officer | 8 | $27,545 |
Ben Rankin Director, President | Trustee | 15 | $0 |
Sam Farrazaino Director, Vice President | Trustee | 19 | $0 |
Richard Conlin Director, Secretary | Trustee | 9 | $0 |
Amber Larsen Director, | Trustee | 5 | $0 |
Paulina Lopez Director, | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,430 |
| Total Program Service Revenue | $282,101 |
| Investment income | $13,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $298,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,832 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,621 |
| Payroll taxes | $11,937 |
| Fees for services: Management | $21,318 |
| Fees for services: Legal | $17,599 |
| Fees for services: Accounting | $18,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,366 |
| Advertising and promotion | $13 |
| Office expenses | $10,272 |
| Information technology | $92 |
| Royalties | $0 |
| Occupancy | $68,356 |
| Travel | $818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,710 |
| Interest | $403,913 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,511 |
| Insurance | $3,781 |
| All other expenses | $0 |
| Total functional expenses | $687,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,402 |
| Savings and temporary cash investments | $5,022,129 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,426 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,665 |
| Net Land, buildings, and equipment | $20,910,498 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,249,307 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,612,726 |
| Total assets | $40,150,153 |
| Accounts payable and accrued expenses | $313,556 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $40,238,387 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $40,551,943 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$388,328 |
| Total liabilities and net assets/fund balances | $40,150,153 |
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