Overview
What is Homesight?
Homesight is a nonprofit organization headquartered in Seattle, Washington, with a mission to promote social and economic equity in diverse communities. They achieve this by offering affordable homeownership opportunities, business development, and community advocacy. Through its homebuyer education and lending, and real estate development programs, Homesight primarily serves low and moderate-income first-time homebuyers in the areas of Seattle, King, Pierce, and Snohomish Counties. One of their significant initiatives is the Othello Square project, a transit-oriented development aimed at preserving historic residents and businesses in the Othello neighborhood, while celebrating the area's cultural diversity. Homesight also provides project management services to community nonprofit organizations, aiming to stimulate economic growth in underinvested communities.
Official website here: www.homesightwa.org
Is Homesight legitimate?
Homesight is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homesight 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.
Here are some key statistics you may want to consider:
Executive Compensation: $170,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,464,244
For more financial information, click here
What is the mission statement of Homesight?
Homesight, a community development financial institution, is dedicated to promoting social and economic equity. Their mission is to preserve and enhance economically and culturally diverse communities by providing opportunities for affordable homeownership, business development, and community advocacy. Through their homebuyer education and lending, real estate development programs, Homesight primarily serves low and moderate income first-time homebuyers in specific counties. As a certified community development financial institution by the US Department of Treasury and a Washington State licensed consumer loan company, Homesight plays a significant role in fostering equitable housing opportunities.
Official website here: www.homesightwa.org
Who is the CEO of Homesight?
What is the revenue of Homesight?
Who are the executives of Homesight and what are their salaries?
The average compensation at Homesight during 2022 was $59,869. There are 44 employees and 20 volunteers at Homesight.
Here are 25 key members and their salaries:
- Darryl Smith (Executive Di)
- Sekai Senwosret (Rd Director)
- Gayle Shea (Finance Cons)
- Joe Thomas (Hr And Ops D)
- Scott Kim (Director Of)
- Terry Miller (President) [Trustee/Director]
- Francine Johnson (Vice Preside) [Trustee/Director]
- Talya Miller (Secretary) [Trustee/Director]
- Rob Lang (Secretary (E) [Trustee/Director]
- Herman Tam (Treasurer) [Trustee/Director]
- Cristina Alvarez Ruiz (Board Member) [Trustee/Director]
- Rhonda Smith-Banchero (Board Member) [Trustee/Director]
- Nicole Bascomb-Green (Board Member) [Trustee/Director]
- Rebecca Bryant (Board Member) [Trustee/Director]
- Juan Cotto (Board Member) [Trustee/Director]
- Katrina Freeburg (Board Member) [Trustee/Director]
- Nikita Mathis (Board Member) [Trustee/Director]
- Mary Meullion (Board Member) [Trustee/Director]
- Nadine Morgan (Board Member) [Trustee/Director]
- Jonathan Perez (Board Member) [Trustee/Director]
- Anna Porkalob (Board Member) [Trustee/Director]
- Mickey Ross (Board Member) [Trustee/Director]
- Jay Sueno (Board Member) [Trustee/Director]
- Agnes Vining (Board Member) [Trustee/Director]
- Steve Williams (Board Member) [Trustee/Director]
Official website here: www.homesightwa.org
Where can I find the form 990 for Homesight?
The Homesight’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.homesightwa.org
Learn more at the official website: www.homesightwa.org
Mission Statement of Homesight
Homesight, a community development financial institution certified by the U.S. Department of Treasury, is dedicated to promoting social and economic equity. Its mission is to preserve and enhance economically and culturally diverse communities by providing affordable homeownership opportunities. This nonprofit organization achieves this goal through its homebuyer education and lending, as well as real estate development programs. Primarily serving low and moderate income, first-time homebuyers in Seattle, King, Pierce, and Snohomish Counties, Homesight aims to make homeownership accessible to those who might otherwise struggle to afford it. By offering these programs, Homesight plays a crucial role in fostering economic stability and community development.
Impact
This information is meant to be a general summary of Homesight. Please take the time to review official sources before making any decisions based upon the content provided here.
Sunday, July 21, 2024
Homesight's impact can be seen through its efforts in promoting social and economic equity to preserve and enhance economically and culturally diverse communities. Through its real estate development projects, Homesight stimulates economic growth in communities where equitable investment is lacking. One significant project is the Othello Square development in Seattle, aimed at preventing displacement of historic residents and businesses while celebrating the diverse heritage of the Southeast Seattle community.
By managing the rehab and replacement of mobile homes in a low-income senior community and leading initiatives like the Othello Square project, Homesight is actively working towards long-term community health and success. Additionally, Homesight's focus on affordable homeownership opportunities and community advocacy demonstrates its dedication to building household assets for low-income and first-time home buyers.
Overall, Homesight's multifaceted approach to community development and affordable housing plays a crucial role in creating lasting positive impacts on the communities it serves.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$1,190,498
LOAN & HOMEBUYER SVCS FEES
Revenue
$556,129
FISCAL AGENT FEES
Revenue
$422,875
RESCUE LOAN DISCOUNT
Revenue
$288,436
OTHER PROGRAM REVENUE
Revenue
$2,804
Organization Details
Founding Year
1990
Phone
(206) 760-4227
Principal Officer
Darryl Smith
Main Address
5117 RAINIER AVE S, SEATTLE, WA, 98118
Website
www.homesightwa.org
NTEE Category
Code: Z99Z - Unknown
If you are a representative of Homesight 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.