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Housing Development Consortium Of Seattle - King County

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 943073588 ✦ Seattle, WA ✦ Designated as a 501(c)(3)

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Overview

What is Housing Development Consortium Of Seattle - King County?

The Housing Development Consortium of Seattle-King County is a nonprofit organization situated in Seattle, Washington, specifically at 1326 FIFTH AVE 230. Their primary mission is to promote the long-term availability of affordable housing for low-income individuals. They achieve this by hosting workshops, seminars, webinars, and various forums. These events enable members to learn industry best practices, development techniques, and skills. Moreover, the organization fosters an environment for member organizations to share ideas, reflect on lessons learned, and explore opportunities to better serve the community. With a team of 12 dedicated individuals, Housing Development Consortium of Seattle-King County plays a significant role in increasing the quality and availability of affordable housing in the area.


Official website here: www.housingconsortium.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 74%)

The Housing Development Consortium of Seattle - King County has received a two-star rating from Charity Navigator, indicating a need for improvement. The organization has shown strengths in areas such as accountability and community culture, achieving scores of 73 and 87 respectively. Notably, the board is fully independent, which positively impacts governance, but there are areas where policies are lacking, particularly in whistleblower and document retention policies.

In terms of financial health, the program expense ratio is strong at 72.87%, suggesting effective allocation of resources towards its programs. However, the organization has not posted its tax form on its website, which detracts from its transparency. Additionally, while there are no significant issues with asset diversion, the absence of certain critical policies raises concerns about overall organizational governance.

The lack of data on key personnel salaries and the absence of scores for impact and measurement imply that the organization may need to enhance its reporting and assessment practices. Overall, while the Housing Development Consortium has a solid foundation, addressing its governance and transparency challenges will be essential for improving its rating in the future.


This AI summary has been generated from information found on Charity Navigator.

Is Housing Development Consortium Of Seattle - King County legitimate?

Housing Development Consortium Of Seattle - King County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Development Consortium Of Seattle - King County 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: $152,931
Professional Fundraising Fees: $0
Other Salaries and Wages: $425,885

For more financial information, click here


Official website here: www.housingconsortium.org

What is the mission statement of Housing Development Consortium Of Seattle - King County?

The Housing Development Consortium of an unspecified region aims to ensure the long-term availability of affordable housing for low-income individuals. To accomplish this, they provide a range of member services, fostering collaboration among various sectors and professions. Through workshops, seminars, webinars, and forums, they help their members learn industry best practices, development techniques, and skills. This collaboration allows member organizations to share ideas, reflect on lessons learned, and explore opportunities to better serve the community.


Official website here: www.housingconsortium.org

Who is the CEO of Housing Development Consortium Of Seattle - King County?

Patience Malaba is the Executive Di of Housing Development Consortium Of Seattle - King County.


Official website here: www.housingconsortium.org

What is the revenue of Housing Development Consortium Of Seattle - King County?

Housing Development Consortium Of Seattle - King County's revenue in 2022 was $1,395,469.


Official website here: www.housingconsortium.org

Who are the executives of Housing Development Consortium Of Seattle - King County and what are their salaries?

The average compensation at Housing Development Consortium Of Seattle - King County during 2022 was $48,235. There are 12 employees at Housing Development Consortium Of Seattle - King County.


Here are 19 key members and their salaries:


Patience Malaba (Executive Di)
  • Compensation: $152,931
  • Related: $0
  • Other: $25,734
Derrick Belgarde (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sai Chaleunphonh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Galiney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Gropper (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Ing (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grace Kim (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Landes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Lloyd (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alisa Luber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sunaree Marshall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lindsay Masters (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Morlan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Rinehart (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Santo (Board Fellow)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Sato (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darryl Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Smith (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Velasco (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.housingconsortium.org

Where can I find the form 990 for Housing Development Consortium Of Seattle - King County?

Housing Development Consortium Of Seattle - King County's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.housingconsortium.org

Learn more at the official website: www.housingconsortium.org

Mission Statement of Housing Development Consortium Of Seattle - King County

The Housing Development Consortium of Seattle-King County is committed to promoting the long-term availability of affordable housing for low-income individuals. In pursuit of this mission, the consortium acts as a platform, bringing together various sectors and professions to discuss, deliberate, and implement strategies that enhance the quality and accessibility of affordable housing in the region. Through workshops, seminars, webinars, and a variety of forums, the consortium provides its members with opportunities to learn about industry best practices, development techniques, and skills. By fostering an environment where member organizations share ideas, reflect on lessons learned, and explore ways to better serve the community, the Housing Development Consortium of Seattle-King County plays a pivotal role in addressing the critical need for affordable housing.

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Impact




July, 2024

The Housing Development Consortium of Seattle - King County plays a crucial role in promoting the long-term availability of affordable housing to low-income individuals in the Seattle area. By providing a range of member services and fostering collaboration among different sectors and professions, HDC works to increase the quality and availability of affordable housing in King County. Through workshops, seminars, webinars, and forums, HDC equips its members with industry best practices, development techniques, and skills to better serve the community. Their efforts contribute to addressing the pressing issue of housing affordability and provide vital support to low-income individuals in accessing suitable housing options.




This information is meant to be a general summary of Housing Development Consortium Of Seattle - King County. 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.

Revenue
$1,395,469 (2022)
Expenses
$1,666,590 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,001
  • Program Service Revenue: $40,909
  • Gross Receipts: $1,431,578

Assets and Liabilities:

  • Total Assets: $946,953
  • Total Liabilities: $251,852
  • Net Assets: $695,101

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CHARITY INCOME RETAINED

Revenue

$22,227

EVENT REGISTRATIONS

Revenue

$18,682

Organization Details

Founding Year

1988

Principal Officer

Patience Malaba

Main Address

1326 FIFTH AVE 230, SEATTLE, WA, 98101

NTEE Category

Code: L20B - Housing

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