Kawabe Memorial House
- Assets
- $5.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Seattle, WA
- Founding
- 10/1973
- Data as of
- 12/2022
- EIN
- 91-0853790
Organization Overview
Kawabe Memorial House is located in Seattle, WA. The organization was established in 1973. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Kawabe Memorial House employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kawabe Memorial House is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Kawabe Memorial House generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY, SECURE AFFORDABLE HOUSING AND CULTURALLY SENSITIVE PROGRAMS AND SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
KAWABE MEMORIAL HOUSE IS A TEN-STORY BUILDING WITH 154 UNITS, HOME TO SENIORS AGE 62 YEARS AND OLDER. MOST RESIDENTS ARE FIRST GENERATION IMMIGRANTS.
PROVIDING NUTRITIONALLY BALANCED MEAL SERVICES FOR LOW-INCOME SENIORS. KAWABE IS PART OF THE TITLE III OLDER AMERICA ACT CONGREGATE NUTRITION PROGRAM OFFERING A LUNCH FIVE DAYS A WEEK FOR COMMUNITY MEMBERS AT LEAST 60 YEARS OLD, SERVING AN AVERAGE OF 62 PEOPLE EACH DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emiko Mizuki Executive Di | Officer | 40 | $125,443 |
Alfred Shiga President | OfficerTrustee | 10 | $0 |
Dale Kaku Vice Preside | OfficerTrustee | 10 | $0 |
Eric Uyeji Treasurer | OfficerTrustee | 10 | $0 |
Russell Akiyama Secretary | OfficerTrustee | 10 | $0 |
Lillian Hayashi Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,184 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,081 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,265 |
| Total Program Service Revenue | $2,344,212 |
| Investment income | $911 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,997 |
| 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 | $2,472,385 |
| 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. | $125,577 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $589,821 |
| Pension plan accruals and contributions | $18,425 |
| Other employee benefits | $68,657 |
| Payroll taxes | $75,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $774 |
| Fees for services: Accounting | $70,022 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,285 |
| Advertising and promotion | $4,003 |
| Office expenses | $22,711 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $266,005 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,914 |
| Interest | $257,896 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,118 |
| Insurance | $59,159 |
| All other expenses | $22,758 |
| Total functional expenses | $2,209,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,137,589 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,895 |
| 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 | $82,345 |
| Net Land, buildings, and equipment | $3,170,245 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $754,927 |
| Total assets | $5,154,001 |
| Accounts payable and accrued expenses | $69,270 |
| 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 | $5,253,071 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $58,842 |
| Total liabilities | $5,381,183 |
| Net assets without donor restrictions | -$235,132 |
| Net assets with donor restrictions | $7,950 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,154,001 |