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BBB Reliability Report for

Imagine Housing


A BBB Accredited Charity since 06/27/2013.


This BBB Accredited Charity meets all 20 Standards for Charity Accountability and is a Seal Holder.
BBB issues Charity Reports on all organizations, whether or not they are BBB accredited. If an organization is a BBB Accredited Charity, it is stated in this report.
Name: Imagine Housing
Phone: (425) 576-5190
Fax: (425) 576-5194
Address: 10604 NE 38th Pl Ste 215
Kirkland, WA 98033-7932
Website: www.imaginehousing.org
www.sahg.org
www.facebook.com/imaginehousing
www.twitter.com/imaginehousing
Report Creation Date: June 13, 2013
Report Expiration Date: June 26, 2015
Principal: Ms. Hester Winn, Office Administrator
Customer Contact: Ms. Hester Winn, Office Administrator - (425) 391-2300 or
Email Address:
Entity: Nonprofit
Incorporated: October 1989, WA
File Open Date: March 2007
Industry Classification: Charity - Human Services (i.e. assistance to individuals & families), Charity - Community Development & Civic Organizations, Charity - Local, Charity - Other Charitable Organizations
BBB Accreditation: Imagine Housing is a BBB Accredited Charity.

Affiliates

Imagine Housing has the following affiliates:

Ruby LLC
Roots I LLC
Red Vines 1
St. Andrew's Klahanie LP
Chalet Apts LLC
East Village LLC
280 Clark LP
Mine Hill LP
Totem Lake Phase I LLC
St. Andrew's LP
KTOD LLC


Additional DBA Names

Andrew's Arms
Andrew's Glen
Andrew's Heights
Chalet Apartments
Ellsworth House
Francis Village
Highland Gardens
Johnson Hill Apartments
Kirkland Plaza
Mine Hill Apartments
Rose Crest at Talus
Terrace Hill

Stated Purpose

The mission of Imagine Housing is to empower individuals and families, supports diversity and strengthens communities by developing permanent affordable rental housing and providing supportive services.


Evaluation Conclusions

This organization has been evaluated according to the 20 BBB Standards for Charity Accountability. This organization meets all those Standards and is a BBB Accredited Charity.


BBB Charity Seal Participation

Charities that meet the Standards for Charity Accountability are eligible to participate in BBB Wise Giving Alliance Charity Seal program. The seal, which can be displayed on the charity's web site and in printed materials, helps inform the public that the charity meets these standards. This organization participates in this program.


Programs

Imagine Housing builds hope and strengthens communities in East King County by developing affordable rental homes and supporting their residents so they can lead stable, healthy and productive lives. By building attractive, affordable, permanent apartment homes for low-income residents, Imagine Housing offers its residents a safe and stable place to live. Their supportive services team works with residents to help ensure that they can maintain their housing by building their confidence and their educational, employment, financial and life management skills. They also provide academic and social enrichment activities for children. Imagine Housing is committed to helping children succeed in school so they can succeed in life and break the cycle of poverty in their families.

For the year ended December 31, 2012, Imagine Housing's program expenses were:

Housing Management:$2,084,653
Housing Development:$248,522
Supportive Services:$493,891
 
Total Program Expenses:$2,827,066

Governance

Chief Executive Officer:Ms. Ann Levine, Executive Director
CEO Compensation:$97,059
Chair of the Board:Ms. Linda Bergam
Chair's Profession / Business Affiliation:Principal, Newcastle Consulting
Board Size:18
Paid Staff Size:19 Full Time. 1 Part Time.

Fund Raising

Method(s) Used:Imagine Housing utilizes direct mail appeals, telephone appeals, invitations to fundraising events, grant proposals, internet and planned giving arrangements as their methods of fundraising.

Imagine Housing receives funding from special events, grants, contributions, rental income, management fees, tenant fees and capital grants and contributions.

According to its audited financial statements for the fiscal year ended December 31, 2012, its fundraising expenses, $403,130, were 24.5% of related contributions, $1,639,218.


Tax Status

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.


Financial

According to Imagine Housing's audited financial statements - consolidated for the year ended December 31, 2012:

Income
 Special Event Revenue$50,700
 Less costs of direct benefit to donors$-31,559
 Grants$737,973
 Contributions$475,693
 Net Rental Income$1,579,235
 Management Fees$9,510
 Laundry and Miscellaneous Tenant Fees$31,994
 Interest Income$5,193
 Gain on Investments in Limited Partnerships and Limited Liability Companies$69
 Other$35,927
 Capital grants and contributions$406,411
 Total Income:$3,301,146
 
Expenses  % of total
Expenses
% of total
Income
 Programs:$2,827,066 81.94%85.64%
 Fund Raising:$403,130 11.68%12.21%
 Administrative:$219,862 6.37%6.66%
 Other:$0 0.00%0.00%
 Total Expenses:$3,450,058
 
* Excess of Expenses over Income$148,912
Beginning Net Assets$8,628,364
Ending Net Assets:$8,479,452
Total Assets$29,592,924
Total Liabilities$21,113,472

* Excess for the year indicates the portion of income remaining after expenses.


Additional Contact Information

Additional Phone Numbers
Tel: (425) 392-2580
Tel: (425) 401-1004
Tel: (206) 232-7447
Tel: (425) 820-1733
Tel: (425) 391-2300
Tel: (425) 427-8387
Tel: (425) 822-6288
Tel: (425) 392-8690

Additional Email Addresses




ID: 22213748
Report as of January 31, 2015 21:14
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