Overview
What is Washington Housing Equity Alliance?
Washington Housing Equity Alliance, also known as FAME - Equity Alliance of Washington, is a nonprofit organization based in Seattle, Washington. Their primary mission is to construct and establish affordable housing for Black families and the Black community within the state. They aim to foster wealth creation through asset acquisitions, advocacy, and the promotion of social justice for the Black/African American community. The organization operates a transitional housing shelter known as the Bunkhouse, providing shelter for homeless and very low-income individuals. With a team of two dedicated employees, Washington Housing Equity Alliance is committed to addressing housing inequality and improving living conditions for the Black community in Washington State.
Official website here: www.fame-eaw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (62%, Two-Star out of Four Star rating)
The Washington Housing Equity Alliance has received a Two-Star rating from Charity Navigator, indicating that the organization is in need of improvement. While it has a decent program expense ratio of 66.68%, which suggests that a significant portion of its expenses is directed towards its programs, there are major concerns regarding its financial transparency, as it has not provided financial statements for evaluation.
On a positive note, the organization demonstrates strong governance practices, with 100% of its board members being independent and having robust policies in place, such as conflict of interest and whistleblower policies. Additionally, the organization maintains documentation of board meeting minutes, which reflects a commitment to accountability in its operations.
However, serious financial indicators raise red flags, including a liabilities to assets ratio of 154.05%, which is significantly concerning and may suggest financial instability. Furthermore, the absence of tax forms on its website further contributes to the lack of transparency that potential donors and stakeholders might find troubling. Overall, while the organization has strengths in governance, its financial practices need significant attention.
This AI summary has been generated from information found on Charity Navigator.
Is Washington Housing Equity Alliance legitimate?
Washington Housing Equity Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Housing Equity Alliance 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: $51,704
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.fame-eaw.org
What is the mission statement of Washington Housing Equity Alliance?
The Washington Housing Equity Alliance's mission is centered around providing affordable housing for Black families and the Black community in Washington State. Their objective is not only to construct living spaces but also to foster wealth creation. They achieve this through asset acquisitions, advocacy, and the promotion of social justice within the Black/African American community. The organization actively joins forces with others to contribute to this cause. In addition to housing, they also engage in activities aimed at creating wealth and advocating for social justice.
In terms of specific initiatives, the Alliance operates a transitional housing shelter known as the Bunkhouse, which serves the needs of homeless and very low-income individuals.
Official website here: www.fame-eaw.org
Who is the CEO of Washington Housing Equity Alliance?
Evelyn Thomas Allen is the Executive Director of Washington Housing Equity Alliance.
Official website here: www.fame-eaw.org
What is the revenue of Washington Housing Equity Alliance?
Washington Housing Equity Alliance's revenue in 2022 was $566,496.
Official website here: www.fame-eaw.org
Who are the executives of Washington Housing Equity Alliance and what are their salaries?
The average compensation at Washington Housing Equity Alliance during 2022 was $25,852. There are 2 employees and 10 volunteers at Washington Housing Equity Alliance.
Here are 11 key members and their salaries:
- Compensation: $55,915
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.fame-eaw.org
Where can I find the form 990 for Washington Housing Equity Alliance?
Washington Housing Equity Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fame-eaw.org
Learn more at the official website: www.fame-eaw.org
Mission Statement of Washington Housing Equity Alliance
Washington Housing Equity Alliance, also known as EAW, is committed to constructing and establishing sacred living spaces through affordable housing for Black families and the Black community in Washington State. Their mission extends beyond just housing, as they aim to collaborate with others to foster wealth creation through asset acquisitions, advocacy, and the promotion of social justice for the Black/African American community. By doing so, they strive to uplift and empower this community, providing a pathway towards a more equitable future. One of their notable initiatives includes managing a transitional housing shelter known as the Bunkhouse, which serves homeless and very low-income individuals, offering them a safe and supportive environment during their journey towards stability.
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Impact
July, 2024
Washington Housing Equity Alliance's impact is focused on building and creating sacred living spaces through affordable housing for Black families and the Black community in Washington State. They also work to create wealth through asset acquisitions, advocacy, and the promotion of social justice for the Black/African American community. Additionally, they own a transitional housing shelter known as the Bunkhouse, serving homeless and very low-income persons in Seattle, WA. The organization's mission is centered on providing access to affordable housing and supporting the Black community in achieving social and economic stability.
This information is meant to be a general summary of Washington Housing Equity Alliance. 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: $7
- Program Service Revenue: $376,339
- Gross Receipts: $566,496
Assets and Liabilities:
- Total Assets: $1,281,953
- Total Liabilities: $1,974,901
- Net Assets: -$692,948
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE REVENUE
Revenue
$376,339
Organization Details
Founding Year
1998
Phone
(206) 328-4470Principal Officer
Evelyn Thomas Allen
Main Address
140 - 23RD AVENUE SOUTH 120, SEATTLE, WA, 98144
Website
www.fame-eaw.orgNTEE Category
Code: L20 - Housing
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