Whatcom-Skagit Housing
- Assets
- $7.8m
- Revenue
- $981.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Ferndale, WA
- Founding
- 05/1978
- Data as of
- 12/2023
- EIN
- 91-1005103
Organization Overview
Whatcom-Skagit Housing is located in Ferndale, WA. The organization was established in 1978. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Whatcom-Skagit Housing employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whatcom-Skagit Housing 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 12/2023, Whatcom-Skagit Housing generated $981.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $616.2k during the year ending 12/2023. While expenses have increased by 1.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT FAMILIES LOCATED IN WHATCOM AND SKAGIT COUNTIES BY IMPROVING THE LIVING CONDITIONS OF LOCAL FAMILIES AND TO HELP PROVIDE HOUSING FOR PEOPLE AT OR BELOW 80% OF THE COUNTY MEDIAN INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED ASSISTANCE TO LOW-INCOME HOMEOWNERS BY OFFERING SUPERVISION AND COORDINATION OF CONSTRUCTION SERVICES WHILE HOMES WERE BEING BUILT. THE ORGANIZATION ALSO BUYS AND SELLS LOTS TO LOW-INCOME INDIVIDUALS. DURING 2023, THE ORGANIZATION SOLD 8 OF ITS DEVELOPED LOTS TO LOW-INCOME INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nolan Scott President | OfficerTrustee | 1 | $0 |
Sue Sturgill Vice President | OfficerTrustee | 1 | $0 |
Julia Menkee Executive Director | Officer | 40 | $72,532 |
Jon Mutchler Secretary | OfficerTrustee | 1 | $0 |
Rick Hoag Board Member At Large | Trustee | 1 | $0 |
Tim Northrop Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $584,584 |
| All other contributions, gifts, grants, and similar amounts not included above | $733 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $585,317 |
| Total Program Service Revenue | $0 |
| Investment income | $2,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,668 |
| Net Gain/Loss on Asset Sales | $377,432 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $981,443 |
| 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 | $78,839 |
| Other salaries and wages | $299,918 |
| Pension plan accruals and contributions | $22,552 |
| Other employee benefits | $88,199 |
| Payroll taxes | $44,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,279 |
| Fees for services: Accounting | $11,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $381 |
| Office expenses | $13,813 |
| Information technology | $1,180 |
| Royalties | $0 |
| Occupancy | $17,064 |
| Travel | $1,621 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $305 |
| Interest | $405 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $31,115 |
| All other expenses | $0 |
| Total functional expenses | $616,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,062,405 |
| Savings and temporary cash investments | $288,529 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $280,882 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,151,135 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,782,951 |
| Accounts payable and accrued expenses | $14,174 |
| Grants payable | $210,000 |
| 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 | $2,347,627 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $755,705 |
| Total liabilities | $3,327,506 |
| Net assets without donor restrictions | $3,920,445 |
| Net assets with donor restrictions | $535,000 |
| 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 | $7,782,951 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Energy Fund Portland, OR | $4,269,435 | $2,999,107 |
Snap Financial Access Spokane, WA | $15,138,409 | $3,295,988 |
Housing Resources Bainbridge Bainbridge Island, WA | $9,332,842 | $1,876,091 |
Helping Hands Team Milton, WA | $1,226,199 | $1,340,617 |
Whatcom-Skagit Housing Ferndale, WA | $7,782,951 | $981,443 |
Nhs Lending Inc Boise, ID | $5,384,938 | $349,856 |
Oregon Training Institute Salem, OR | $39,132 | $146,284 |
Wood River Community Housing Trust Inc Ketchum, ID | $2,309,310 | $253,241 |
Community Housing Services Albany, OR | $0 | $122,045 |
Northwest Community Housing Foundation Inc Portland, OR | $102,079 | $0 |
Fortify Families Beaverton, OR | $21 | $0 |