Bellwether Housing
- Assets
- $195.6m
- Revenue
- $40.7m
- Investments
- $0.0
- Employees
- 213
- Location
- Seattle, WA
- Founding
- 11/1980
- Data as of
- 12/2020
- EIN
- 91-1116960
Organization Overview
Bellwether Housing is located in Seattle, WA. The organization was established in 1980. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Bellwether Housing employed 213 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellwether 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 12/2020, Bellwether Housing generated $40.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $28.2m during the year ending 12/2020. While expenses have increased by 8.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:WE ENVISION DIVERSE COMMUNITIES WHERE PEOPLE OF ALL INCOMES AND BACKGROUNDS SHARE IN THE OPPORTUNITY AND PROSPERITY OF OUR REGION.BELLWETHER HOUSING CREATES STABLE COMMUNITIES AND ACCESS TO OPPORTUNITYTHROUGH AFFORDABLE HOUSING. WE DEVELOP AND MANAGE HOMES FOR PEOPLEWITH LIMITED INCOMES NEAR JOB CENTERS, TRANSIT, AND SERVICES. WEAMPLIFY OUR IMPACT BY HELPING OTHER ORGANIZATIONS IN THE PUGET SOUNDREGION DO THE SAME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
BELLWETHER HOUSING PROVIDES FEE-BASED TECHNICAL ASSISTANCE TO HELPOTHER NON-PROFITS CREATE AFFORDABLE HOUSING FOR THEIR RESPECTIVE MARKETS.SERVICES INCLUDE CONSULTING IN THE AREAS OF DEVELOPMENT, PROPERTYMANAGEMENT AND ASSET MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Boyd Chief Executive Officer | Officer | 40 | $257,904 |
Cheryl Deboise Chief Operating Officer | Officer | 40 | $215,710 |
Jacqueline Hansen Chief Financial Officer | Officer | 40 | $180,563 |
Richard Loo Director Of Real Estate De | 40 | $167,193 | |
Michelle Hawley Director Of Property Manag | 40 | $157,672 | |
Amy Besunder Director Of Fundraising | 40 | $139,800 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rafn Company Construction Services | 12/30/21 | $3,577,363 |
Smr Architects Pllc Architecture | 12/30/21 | $1,286,352 |
Macdonald-miller Facility Solutions Hvac & Plumbing Services | 12/30/21 | $418,471 |
Teal Group Technologies Llc It Services | 12/30/21 | $366,937 |
Robert Half Management Resources Temporary Staffing | 12/30/21 | $360,635 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $371,498 |
| Related organizations | $0 |
| Government grants | $5,459,166 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,567,256 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,397,920 |
| Total Program Service Revenue | $24,203,848 |
| Investment income | $1,114,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,510 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,714,162 |
| 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. | $632,305 |
| Compensation of current officers, directors, key employees. | $312,163 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,671,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,743,117 |
| Payroll taxes | $743,255 |
| Fees for services: Management | $427,571 |
| Fees for services: Legal | $69,749 |
| Fees for services: Accounting | $100,443 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,945 |
| Advertising and promotion | $0 |
| Office expenses | $849,311 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,035,302 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $157,235 |
| Interest | $3,013,590 |
| Payments to affiliates | $134,981 |
| Depreciation, depletion, and amortization | $3,166,258 |
| Insurance | $371,270 |
| All other expenses | $0 |
| Total functional expenses | $28,205,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,290,848 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $507,000 |
| Accounts receivable, net | $1,717,371 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $59,064,458 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,788,299 |
| Net Land, buildings, and equipment | $86,539,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $40,256,704 |
| Intangible assets | $0 |
| Other assets | $2,453,348 |
| Total assets | $195,617,991 |
| Accounts payable and accrued expenses | $2,090,178 |
| 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 | $555,300 |
| Secured mortgages and notes payable | $90,474,725 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,210,525 |
| Total liabilities | $95,330,728 |
| Net assets without donor restrictions | $99,064,568 |
| Net assets with donor restrictions | $1,222,695 |
| 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 | $195,617,991 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bellwether Housing has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Foss Family Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT TO THE CONTINUED MISSION OF THE CHARITY. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bellwether Housing Seattle, WA | $195,617,991 | $40,714,162 |
Sheltercare Eugene, OR | $4,357,138 | $9,135,740 |
Do Good Multnomah Portland, OR | $6,858,210 | $9,987,432 |
Village Community Services Arlington, WA | $2,745,181 | $3,984,634 |
Portland Housing Center Portland, OR | $16,243,202 | $4,834,391 |
Alaska Works Partnership Inc Anchorage, AK | $1,354,654 | $3,295,008 |
Neighborworks Boise Boise, ID | $11,705,252 | $2,794,528 |
Kenai Peninsula Housing Initiatives Incorporated Homer, AK | $24,218,836 | $3,668,693 |
The Home Partnership Foundation Inc Boise, ID | $1,642,021 | $2,420,228 |
Habitat For Humanity International Inc Lynnwood, WA | $3,495,456 | $1,749,874 |
Muslim Housing Services Bellevue, WA | $3,426,960 | $3,186,350 |
Habitat For Humanity International Inc Shelton, WA | $1,207,578 | $1,842,216 |