Imagine Housing Communities

Organization Overview

Imagine Housing Communities is located in Bellevue, WA. The organization was established in 1993. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Imagine Housing Communities employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagine Housing Communities 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, Imagine Housing Communities generated $781.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $989.4k during the year ending 12/2021. While expenses have increased by 4.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DEVELOP, OWN AND OPERATE HOUSING FOR LOW-INCOME HOUSEHOLDS IN EAST KING COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IMAGINE HOUSING COMMUNITIES, FORMERLY RED VINES 1, DEVELOPS, OWNS, AND MANAGES RESIDENTIAL PROPERTY, WHICH PROVIDES AFFORDABLE HOUSING FOR LOW-INCOME HOUSEHOLDS IN EAST KING COUNTY. IT IS CERTIFIED AS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) UNDER HUD'S HOME PROGRAM. AT DECEMBER 31, 2021, IT MANAGED FIVE RESIDENTIAL APARTMENT BUILDINGS, HAVING OWNERSHIP OF ONE AND PARTIAL OWNERSHIP OF FOUR OTHERS THROUGH LIMITED PARTNERSHIPS AND LIMITED LIABILITY COMPANIES. THESE BUILDINGS PROVIDE 267 AFFORDABLE APARTMENT HOMES IN ISSAQUAH, BELLEVUE, AND KIRKLAND, WASHINGTON.


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Board, Officers & Key Employees

Name (title)Compensation
Sean Heron
Interim Ceo/president
$14,737
Gary Helling
Interim COO
$10,097
Sue Bliven
Director Of Finance
$9,786
Carolynn Ferris
President & Vice President
$0
Rob Moe
Chair Thru 9-21
$0
Bill Brueggermann
Vice Chair Thru 9-21
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $496,906
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$496,906
Total Program Service Revenue$284,283
Investment income $141
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 $781,330

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Imagine Housing Communities has recieved totaling $35,200.

Awarding OrganizationAmount
Employees Community Fund Of Boeing-Puget Sound

Seattle, WA

PURPOSE: PROGRAM SERVICES

$35,200
View Grant Recipient Profile

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