Swan Memorial Housing Association is located in Yakima, WA. The organization was established in 1978. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swan Memorial Housing Association 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 09/2022, Swan Memorial Housing Association generated $793.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $664.8k during the year ending 09/2022. While expenses have increased by 0.8% per year over the past 7 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 99 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWAN MEMORIAL HOUSING ASSOCIATION PROVIDES 99 RENTAL UNITS TO LOW INCOME ELDERLY RESIDENTS UNDER THE AUSPICE OF HUD
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Maureen Adkison President | OfficerTrustee | 2 | $0 |
Debbi Baldwin Vice-President | OfficerTrustee | 2 | $0 |
Linda Drumhiller Treasurer/secretary | OfficerTrustee | 2 | $0 |
Tom Oliva Director | Trustee | 2 | $0 |
Walt Nelson Director | Trustee | 2 | $0 |
Peggy Schaffer Director | Trustee | 2 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $793,312 |
Investment income | $257 |
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 | $793,569 |
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 | $129,230 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $20,462 |
Payroll taxes | $19,615 |
Fees for services: Management | $65,340 |
Fees for services: Legal | $762 |
Fees for services: Accounting | $16,314 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $198 |
Office expenses | $21,971 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $344,624 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $42,949 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $664,828 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $111,830 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $853 |
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 | $19,226 |
Net Land, buildings, and equipment | $825,191 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,319,223 |
Total assets | $2,276,323 |
Accounts payable and accrued expenses | $19,702 |
Grants payable | $0 |
Deferred revenue | $32 |
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 | $1,983,137 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $36,146 |
Total liabilities | $2,039,017 |
Net assets without donor restrictions | $237,306 |
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 | $0 |
Total liabilities and net assets/fund balances | $2,276,323 |
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Mirabella At South Waterfront Portland, OR | $173,639,306 | $25,337,918 |
Dallas Mennonite Retirement Community Inc Dallas, OR | $84,334,175 | $25,845,409 |
Lutheran Retirement Home Of Greater Seattle Inc Seattle, WA | $84,207,346 | $21,992,663 |
Foss Home & Villiage Seattle, WA | $15,479,734 | $20,550,514 |
Foundation For Affordable Housing Inc Bend, OR | $40,186,962 | $24,103,430 |
Village Enterprises Portland, OR | $12,295,539 | $9,652,880 |
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Fred Lind Manor Bellevue, WA | $11,916,436 | $5,704,617 |
Mount Baker Housing Association Seattle, WA | $87,857,627 | $5,764,017 |
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