Homeownership Center Of Tacoma
- Assets
- $2.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Tacoma, WA
- Founding
- 07/1994
- Data as of
- 06/2020
- EIN
- 91-1604011
Organization Overview
Homeownership Center Of Tacoma is located in Tacoma, WA. The organization was established in 1994. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2020, Homeownership Center Of Tacoma employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homeownership Center Of Tacoma 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 06/2020, Homeownership Center Of Tacoma generated $2.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.8m during the year ending 06/2020. While expenses have increased by 12.5% 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
TO REHABILITATE AND CONSTRUCT HOMES FOR SALE TO FIRST-TIME, LOW-INCOME HOMEBUYERS IN THE HILLTOP AREA OF TACOMA, WASHINGTON. IT ALSO PROVIDES COUNSELING TO FIRST-TIME HOME BUYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR, THE HOMEOWNERSHIP CENTER OF TACOMA SOLD 6 HOMES TO FIRST-TIME, LOW-INCOME HOMEBUYERS.
DURING THE FISCAL YEAR, THE HOMEOWNERSHIP CENTER OF TACOMA SOLD 6 HOMES TO FIRST-TIME, LOW-INCOME HOMEBUYERS.
DURING THE FISCAL YEAR, THE HOMEOWNERSHIP CENTER OF TACOMA SOLD 6 HOMES TO FIRST-TIME, LOW-INCOME HOMEBUYERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Puszczewicz Executive Dir. | Officer | 40 | $85,945 |
Valerie Crout Vice President | OfficerTrustee | 2 | $0 |
Darren Pen Secretary | OfficerTrustee | 2 | $0 |
Judith Estes President | OfficerTrustee | 2 | $0 |
Rev David Alger Treasurer | OfficerTrustee | 2 | $0 |
Alexis Eykel Director | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $410,454 |
| 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 | $2,293,969 |
| Statement of Expenses | |
|---|---|
| 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. | $119,057 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $272,045 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,819 |
| Payroll taxes | $36,010 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,881 |
| Advertising and promotion | $0 |
| Office expenses | $48,209 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,314 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,015 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,556 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,843,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,705 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $259,553 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $769,569 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,263,095 |
| Total assets | $2,760,083 |
| Accounts payable and accrued expenses | $56,195 |
| Grants payable | $0 |
| Deferred revenue | $62,145 |
| 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 | $2,345,429 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,463,769 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $296,314 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Homeownership Center Of Tacoma has recieved totaling $14.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Habitat For Humanity International Inc Bend, OR | $14,216,100 | $11,437,404 |
Innovative Housing Inc Portland, OR | $72,167,425 | $8,053,529 |
Rose Community Development Corporation Portland, OR | $45,929,125 | $4,147,023 |
Columbia Cascade Housing Corporation The Dalles, OR | $26,545,459 | $3,977,861 |
Community Partners For Affordable Housing Tigard, OR | $29,986,925 | $5,745,574 |
Homeownership Center Of Tacoma Tacoma, WA | $2,760,083 | $2,293,969 |
Supportive Housing And Innovative Partnerships Inc Boise, ID | $1,739,165 | $2,561,877 |
Golden Opportunity Living Development Tacoma, WA | $5,413,206 | $1,758,342 |
Southeast Seattle Senior Foundation Seattle, WA | $6,759,619 | $1,644,540 |
Council House Inc Seattle, WA | $4,818,293 | $2,290,756 |
Eastside Home Association Bellevue, WA | $4,294,550 | $1,391,091 |