Pierce County Community Development Corporation
- Assets
- $39.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 01/1993
- Data as of
- 12/2021
- EIN
- 91-1339483
Organization Overview
Pierce County Community Development Corporation is located in Tacoma, WA. The organization was established in 1993. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pierce County Community Development Corporation 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 12/2021, Pierce County Community Development Corporation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESIDENTS OF PIERCE COUNTY WITH OPPORTUNITIES TO ACCESS SAFE, DECENT, AND AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE HOME PROGRAM FUNDED 9 LOANS.
IN 2021, THE SUBSTANTIAL REHABILITATION PROGRAM FUNDED 13 HOMEOWNER REHABILITATION LOANS.
IN 2021, THE SEPTIC REPAIR LOAN GRANT PROGRAM FUNDED 3 LOAN.
OTHER PROGRAM SERVICES INCLUDE ADDITIONAL FUNDING SOURCES THAT PROVIDE SERVICES RELATED TO THOSE DESCRIBED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Winship Chair | Trustee | 0.5 | $0 |
Kyle Denbrook Treasurer | Trustee | 0.5 | $0 |
Ray Velkers Director | Trustee | 0.3 | $0 |
Gar Hansen Director | Trustee | 0.2 | $0 |
Shari Bell-Beals Vice Chair | Trustee | 0.5 | $0 |
Gary Hawkinson Chair | Trustee | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Home Center General Contracting | 12/30/21 | $120,843 |
In Time Renovations General Contacting | 12/30/21 | $238,892 |
Timber Coast Construction General Contracting | 12/30/21 | $247,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $901,130 |
| 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 | $901,130 |
| Total Program Service Revenue | $241,557 |
| Investment income | $0 |
| 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 | $1,142,687 |
| 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 | $476,712 |
| Pension plan accruals and contributions | $55,460 |
| Other employee benefits | $85,920 |
| Payroll taxes | $35,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,572 |
| Fees for services: Accounting | $6,718 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,289 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,216 |
| Travel | $646 |
| 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 | $35,172 |
| Insurance | $24,018 |
| All other expenses | $156,872 |
| Total functional expenses | $1,402,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,418 |
| Savings and temporary cash investments | $4,964,308 |
| Pledges and grants receivable | $644,983 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $32,464,120 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,859 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,546,297 |
| Total assets | $39,676,985 |
| Accounts payable and accrued expenses | $299,337 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $42,418 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $903,485 |
| Other liabilities | $293,312 |
| Total liabilities | $1,538,552 |
| Net assets without donor restrictions | $38,138,433 |
| 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 | $39,676,985 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bristol Bay Economic Development Corporation Dillingham, AK | $306,219,768 | $32,445,568 |
Juneau Economic Development Council Juneau, AK | $7,391,243 | $19,704,575 |
Alaska Cabaret Hotel Restaurant & Retailers Association Anchorage, AK | $1,951,463 | $11,915,981 |
Spokane Area Workforce Development Council Spokane, WA | $1,735,015 | $9,993,306 |
South Central Workforce Development Council Union Gap, WA | $4,276,195 | $7,715,275 |
Bend Visitor & Convention Bureau Bend, OR | $2,809,916 | $4,392,853 |
Visit Spokane Spokane, WA | $4,256,594 | $5,130,887 |
Spruce Root Inc Juneau, AK | $2,965,503 | $3,464,933 |
Angels For Angels Seattle, WA | $2,495,465 | $5,448,539 |
Columbia Pacific Economic Development District Of Oregon St Helens, OR | $1,194,782 | $2,960,651 |
Koyuk Native Store Koyuk, AK | $1,287,215 | $2,898,870 |
Eastern Oregon Workforce Investment Board La Grande, OR | $2,038,601 | $2,624,677 |