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Housing Hope Properties

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

EIN: 943163905 ✦ Everett, WA ✦ Designated as a 501(c)(3)

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Overview

What is Housing Hope Properties?

Housing Hope Properties is a community-focused nonprofit organization, headquartered in Everett, Washington. Their primary mission is to create and provide safe, decent, and affordable housing options for low and very low-income families and individuals residing in Snohomish County and Camano Island. They have been instrumental in assisting 311 families to become homeowners through their Team Homebuilding Sweat Equity Program. Furthermore, Housing Hope Properties has played a significant role in the construction of over 500 affordable apartments for very low and extremely low-income households. As a Community Housing Development Organization (CHDO), they are recognized and qualified by both Snohomish County and the State of Washington.

Is Housing Hope Properties legitimate?

Housing Hope Properties is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Hope Properties 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Housing Hope Properties?

Housing Hope Properties is committed to providing decent, safe, sanitary, and affordable housing for low-income families and individuals residing in Snohomish County and Camano Island. Their mission is to develop safe and affordable housing for this demographic. As a Community Housing Development Organization (CHDO), Housing Hope Properties is qualified by both Snohomish County and the State of Washington. Through their initiatives, they have assisted over 300 low-income households to become homeowners and have contributed to the creation of over 500 affordable apartment units for very low and extremely low-income households.

Who is the CEO of Housing Hope Properties?

Nik Halladay is the President of Housing Hope Properties.

What is the revenue of Housing Hope Properties?

Housing Hope Properties's revenue in 2021 was $1,055,286.

Who are the executives of Housing Hope Properties and what are their salaries?

There 110 volunteers at Housing Hope Properties.


Here are 5 key members and their salaries:


Jeff Capeloto (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Vexler (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Menzel (Sec/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Hicks (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nik Halladay (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Housing Hope Properties?

Housing Hope Properties's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Housing Hope Properties

Housing Hope Properties, a Community Housing Development Organization, is committed to a mission that involves acquiring, leasing, rehabilitating, and constructing decent, safe, sanitary, and affordable housing for low and very low-income families and individuals residing in Snohomish County and Camano Island. Their primary goal is to develop safe and affordable housing for this demographic, acting as a qualified organization recognized by both Snohomish County and the State of Washington.

In pursuit of this mission, Housing Hope Properties has demonstrated significant contributions. Through their Team Homebuilding Sweat Equity Program, they have assisted 311 low-income households in becoming homeowners. Furthermore, the organization has been instrumental in the creation of over 500 apartment units that cater to very low and extremely low-income families, expanding the availability of affordable housing in the community. By providing these essential housing solutions, Housing Hope Properties is actively working towards ensuring that low-income individuals and families have a safe and affordable place to call home.

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Impact




July, 2024

Housing Hope Properties plays a vital role in providing decent, safe, and affordable housing for very low and low-income families and individuals in Snohomish County and Camano Island. They have assisted in the creation of more than 500 apartments affordable to very low and extremely low-income households, as well as helped 311 low-income households become homeowners through their Team Homebuilding Sweat Equity Program. Through their mission to develop safe and affordable housing, Housing Hope Properties positively impacts the community by addressing the housing needs of those who are most vulnerable.




This information is meant to be a general summary of Housing Hope Properties. 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
$1,055,286 (2021)
Expenses
$1,147,977 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $277
  • Program Service Revenue: $93,144
  • Gross Receipts: $1,055,286

Assets and Liabilities:

  • Total Assets: $3,752,856
  • Total Liabilities: $1,679,612
  • Net Assets: $2,073,244

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Programs

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

DEVELOPMENT MGMT FEE

Revenue

$93,144

Organization Details

Founding Year

1992

Principal Officer

Nik Halladay

Main Address

5830 EVERGREEN WAY, EVERETT, WA, 98203

NTEE Category

Code: L20 - Housing

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