Overview
What is Imagine Housing Communities?
Imagine Housing Communities, previously known as Red Vines 1, is a nonprofit organization based in Bellevue, Washington. Certified as a Community Housing Development Organization (CHDO) under the U.S. Department of Housing and Urban Development's (HUD) Home program, it focuses on providing affordable housing for low-income families. As of December 31, 2022, the organization managed five residential apartment buildings in Issaquah, Bellevue, and Kirkland, with ownership of one building and partial ownership of four others through limited partnerships and limited liability companies. These buildings offer 267 affordable apartment homes to the community. The mission of Imagine Housing Communities is to empower individuals and families, promote diversity, and strengthen communities by developing permanent affordable rental housing and providing supportive services.
Is Imagine Housing Communities legitimate?
Imagine Housing Communities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Imagine Housing Communities submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $7,626
Professional Fundraising Fees: $0
Other Salaries and Wages: $149,296
For more financial information, click here
What is the mission statement of Imagine Housing Communities?
Imagine Housing Communities' mission is to empower individuals and families, foster diversity, and strengthen communities by developing permanent affordable rental housing and providing supportive services. Through their activities, they aim to empower the residents by offering affordable housing options and additional support services. Their mission is accomplished by developing, owning, and managing residential properties, providing a total of 267 affordable apartment homes in various locations. As a recognized Community Housing Development Organization (CHDO) under HUD's Home program, Imagine Housing Communities is committed to supporting low-income households and promoting a diverse and stronger community.
Who is the CEO of Imagine Housing Communities?
Yichuan Zhao is the Executive Director of Imagine Housing Communities. The CEO's salary of Imagine Housing Communities is $1,318 and their total compensation is $131,104.
What is the revenue of Imagine Housing Communities?
Imagine Housing Communities's revenue in 2022 was $803,528.
Who are the executives of Imagine Housing Communities and what are their salaries?
The average compensation at Imagine Housing Communities during 2022 was $26,154. There are 6 employees and 7 volunteers at Imagine Housing Communities.
Here are 6 key members and their salaries (Imagine Housing Communities's CEO's salary is $1,318 and their total compensation is $131,104):
- Compensation: $1,318
- Related: $129,786
- Other: $0
- Compensation: $4,000
- Related: $38,144
- Other: $6,548
- Compensation: $2,308
- Related: $25,271
- Other: $2,421
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Imagine Housing Communities?
Imagine Housing Communities's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Imagine Housing Communities
Imagine Housing Communities, a community housing development organization, is dedicated to empowering individuals and families, fostering diversity, and strengthening communities by developing and managing permanent affordable rental housing. This nonprofit organization's mission involves providing supportive services to its residents, aiming to create a positive impact on their lives. By developing and owning residential properties, Imagine Housing Communities offers affordable housing solutions for low-income households in various locations. As a certified Community Housing Development Organization (CHDO) under HUD's Home Program, the organization plays a vital role in ensuring affordable housing opportunities for those who need them the most. At the end of 2022, Imagine Housing Communities managed five residential apartment buildings, with ownership of one and partial ownership of four others, providing 267 affordable apartment homes in Issaquah, Bellevue, and Kirkland, Washington.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Imagine Housing Communities creates a significant impact by developing, owning, and operating affordable housing for low-income households in East King County. Their efforts focus on empowering individuals and families, fostering diversity, and strengthening community ties.
With management over five residential apartment buildings, they provide 267 affordable homes in key locations such as Issaquah, Bellevue, and Kirkland, Washington. By ensuring these apartments are accessible, they help stabilize housing for many who might otherwise struggle to find suitable accommodation.
Moreover, Imagine Housing Communities is recognized as a certified Community Housing Development Organization (CHDO) under HUD's HOME program, underscoring their commitment and capability to offer sustainable housing solutions. Their work not only addresses immediate housing needs but also contributes to long-term community development and resilience this, enhances the overall quality of life in the region.
This information is meant to be a general summary of Imagine Housing Communities. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $540
- Program Service Revenue: $287,001
- Gross Receipts: $803,528
Assets and Liabilities:
- Total Assets: $9,052,071
- Total Liabilities: $6,253,983
- Net Assets: $2,798,088
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT RELATED INCOME
Revenue
$244,615
MISC INCOME
Revenue
$42,386
Organization Details
Founding Year
1992
Phone
(425) 576-5190Principal Officer
Yichuan Zhao
Main Address
1722 138TH PLACE NE, BELLEVUE, WA, 98005
NTEE Category
Code: L20 - Housing
If you are a representative of Imagine Housing Communities and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.