Interim Community Development Association
- Assets
- $23.1m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 34
- Location
- Seattle, WA
- Founding
- 09/1979
- Data as of
- 12/2023
- EIN
- 91-1071277
Organization Overview
Interim Community Development Association is located in Seattle, WA. The organization was established in 1979. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Interim Community Development Association employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interim Community Development 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 12/2023, Interim Community Development Association generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 9.2% 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
ADVANCING SOCIAL JUSTICE AND EQUITY FOR LOW INCOME, ASIAN AND PACIFIC ISLANDERS, REFUGEE, AND IMMIGRANT COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING PLANNING & DEVELOPMENT: ADVOCATE HOUSING POLICIES, PROGRAMS & PLANS BENEFITING SEATTLE INTERNATIONAL DISTRICT & LOW INCOME HOUSING. PROMOTE PRESERVATION & DEVELOPMENT OF LOW INCOME HOUSING.
COMMUNITY DEVELOPMENT: PROMOTE PRESERVATION & REVITALIZATION OF INTERNATIONAL DISTRICT & COMMUNITY, LAND USE MONITORING, COMMUNITY PLANNING & ADVOCACY, COMMUNITY ECONOMIC DEVELOPMENT EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pradeepta Upadhyay Executive Di | Officer | 35 | $184,205 |
Medhat Adib CFO | Officer | 35 | $172,600 |
Leslie Morishita Real Estate | 40 | $119,211 | |
Andrew Liu President | OfficerTrustee | 1 | $0 |
Marie Wong Vice Preside | OfficerTrustee | 1 | $0 |
Dick Woo Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,800 |
| Related organizations | $0 |
| Government grants | $2,133,799 |
| All other contributions, gifts, grants, and similar amounts not included above | $518,562 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,693,161 |
| Total Program Service Revenue | $2,244,175 |
| Investment income | $535,540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $670 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,473,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $760,943 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $357,806 |
| Compensation of current officers, directors, key employees. | $290,268 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,367,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $157,838 |
| Payroll taxes | $148,743 |
| Fees for services: Management | $122,572 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,698 |
| Advertising and promotion | $0 |
| Office expenses | $66,074 |
| Information technology | $27,409 |
| Royalties | $0 |
| Occupancy | $106,266 |
| Travel | $8,951 |
| 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 | $162,881 |
| Insurance | $27,087 |
| All other expenses | $4,515 |
| Total functional expenses | $3,495,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,397,972 |
| Savings and temporary cash investments | $1,439,853 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $423,426 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,516,716 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,504,882 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,595,183 |
| Intangible assets | $0 |
| Other assets | $1,228,869 |
| Total assets | $23,106,901 |
| Accounts payable and accrued expenses | $268,648 |
| Grants payable | $0 |
| Deferred revenue | $39,214 |
| 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 | $2,818,668 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,014,577 |
| Total liabilities | $6,141,107 |
| Net assets without donor restrictions | $16,842,904 |
| Net assets with donor restrictions | $122,890 |
| 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 | $23,106,901 |