2024-06-06T18:01:27-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2022-01-01 911559906 IMAGINE HOUSING COMMUNITIES IMAG 4255765190 1722 138TH PLACE NE BELLEVUE WA 98005 STEVEN WHITE CONTROLLER 4255765190 2024-06-04 1 STEVEN WHITE XXX-XX-XXXX 1 KURT BENNION CPA P01469618 4252506100 2024-06-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X YICHUAN ZHAO 1722 138TH PLACE NE BELLEVUE WA 98005 803528 0 X N/A X 1992 WA DEVELOP, OWN AND OPERATE HOUSING FOR LOW-INCOME HOUSEHOLDS IN EAST KING COUNTY. 3 3 6 7 0 0 496906 492644 284283 310344 141 540 0 0 781330 803528 0 0 0 0 205401 183501 0 0 0 783981 760540 989382 944041 -208052 -140513 9141383 9024842 6179097 6203069 2962286 2821773 EMPOWERS INDIVIDUALS AND FAMILIES, SUPPORTS DIVERSITY, AND STRENGTHENS COMMUNITIES BY DEVELOPING PERMANENT AFFORDABLE RENTAL HOUSING AND PROVIDING SUPPORTIVE SERVICES. 0 0 930715 0 310344 IMAGINE HOUSING COMMUNITIES, FORMERLY RED VINES 1, DEVELOPS, OWNS, AND MANAGES RESIDENTIAL PROPERTY, WHICH PROVIDES AFFORDABLE HOUSING FOR LOW-INCOME HOUSEHOLDS IN EAST KING COUNTY. IT IS CERTIFIED AS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) UNDER HUD'S HOME PROGRAM. AT DECEMBER 31, 2022, IT MANAGED FIVE RESIDENTIAL APARTMENT BUILDINGS, HAVING OWNERSHIP OF ONE AND PARTIAL OWNERSHIP OF FOUR OTHERS THROUGH LIMITED PARTNERSHIPS AND LIMITED LIABILITY COMPANIES. THESE BUILDINGS PROVIDE 267 AFFORDABLE APARTMENT HOMES IN ISSAQUAH, BELLEVUE, AND KIRKLAND, WASHINGTON. 930715 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 1 0 1 1 0 1 0 0 0 0 1 1 1 1 1 1 1 1 1 X SUE BLIVEN 4255765190 1722 138TH PLACE NE BELLEVUE WA 98005 SEAN HERON PRESIDENT & CEO 4.00 36.00 X 1318 129786 0 HANA NGUYEN DIRECTOR OF FINANCE 4.00 36.00 X 4000 38144 6548 YICHUAN ZHAO EXECUTIVE DIRECTOR 4.00 36.00 X 2308 25271 2421 CAROLYNN FERRIS PRESIDENT & VICE PRESIDENT 1.00 5.00 X X 0 0 0 DIANE PIETROWSKI TREASURER 1.00 2.00 X X 0 0 0 KEVIN SYKES DIRECTOR 1.00 4.00 X 0 0 0 7626 193201 8969 0 0 0 0 0 492644 492644 RENT RELATED INCOME 531110 267958 267958 MISC INCOME 531110 42386 42386 310344 540 540 803528 310344 0 540 7626 7626 149296 149296 9475 9475 17104 14810 2294 207914 207914 1786 1786 7128 7128 647 647 9596 7990 1606 591 591 15372 15372 6161 6161 85149 85149 14 14 2929 2929 2646 2646 267448 267448 33207 33207 REPAIRS & MAINTENANCE 112613 112613 OTHER EXPENSES 4494 4494 BAD DEBT EXPENSE 2845 2845 944041 930715 13326 0 273070 359358 311445 330813 43735 10581 11506 15571 21299 10982747 3008495 8215472 7974252 4281 4098 65559 62223 201669 261293 9141383 9024842 74135 82387 6035152 6037798 69810 82884 6179097 6203069 X 2962286 2821773 2962286 2821773 9141383 9024842 -140513 0 X X 0 1 X 1 0 X X X 1 IMAGINE HOUSING 943110312 7 1 944041 0 1 944041 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1586333 1586333 8709619 2474645 6234974 413048 308803 104245 273747 225047 48700 7974252 DUE TO RELATED PARTY 82884 82884 X PART X, LINE 2: IMAGINE HOUSING COMMUNITIES IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) BECAUSE IT IS AN ORGANIZATION OF THE TYPE DESCRIBED IN SECTION 509(A)(3). IMAGINE HOUSING COMMUNITIES IS THE SOLE MEMBER OF ATHENE MANAGER LLC, RV MANAGER LLC, AND 30BELLEVUE MANAGER LLC. ALL OF THESE LLC'S ARE SINGLE MEMBER LLC'S AND ARE DISREGARDED AS ENTITIES FOR TAX PURPOSES. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT IT HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. IN ADDITION, THE ORGANIZATION IS NOT AWARE OF ANY MATTERS THAT WOULD CAUSE THE LOSS OF ITS TAX-EXEMPT STATUS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS DELEGATED THE MANAGEMENT OF ITS PROPERTIES TO ALLIED RESIDENTIAL INC. FORM 990, PART VI, SECTION A, LINE 4 THE NUMBER OF DIRECTORS WAS REVISED TO NOT LESS THAN THREE AND NOT MORE THAN SIX. FORM 990, PART VI, SECTION A, LINE 6 THERE SHALL BE ONE VOTING MEMBER OF THE CORPORATION WHICH SHALL BE IMAGINE HOUSING, A WASHINGTON NONPROFIT CORPORATION (FORMERLY KNOWN AS ST. ANDREW'S HOUSING GROUP) (THE "MEMBER"). FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER SHALL HAVE THE FOLLOWING POWERS: A. APPROVE OF ANY PROPOSED APPOINTMENT TO OR REMOVAL OF A DIRECTOR FROM THE BOARD OF DIRECTORS PRIOR TO ANY PROPOSED APPOINTMENT OR REMOVAL BEING SUBJECT TO A FINAL VOTE BY THE CORPORATION'S BOARD OF DIRECTORS; AND B. APPROVE OF ANY AMENDMENTS TO THESE BYLAWS PRIOR TO ANY SUCH AMENDMENT BEING PRESENTED TO THE CORPORATION'S BOARD OF DIRECTORS FOR A VOTE. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CONTROLLER, THE DIRECTOR OF FINANCE, AND THE EXECUTIVE DIRECTOR AND IS MADE AVAILABLE TO THE BOARD OF DIRECTORS AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS, AND EACH BOARD MEMBER SIGNS A STATEMENT OF ACKNOWLEDGMENT AND COMPLIANCE WITH IMAGINE HOUSING AND AFFILIATES' CONFLICTS OF INTEREST POLICY THAT STATES THEY DO NOT HAVE A CONFLICT OF INTEREST AS DEFINED IN THE POLICY. ALSO, IF A POTENTIAL CONFLICT ARISES, THE BOARD MEMBER ABSTAINS FROM ANY DISCUSSION AND/OR VOTE ON THAT ISSUE. IT IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 SALARY SURVEYS, SUCH AS THE UNITED WAY SALARY SURVEY, ARE REVIEWED WHEN MAKING SALARY DECISIONS. THE EXECUTIVE COMMITTEE (MADE UP OF BOARD OFFICERS) MAKES DECISIONS REGARDING THE PRESIDENT & CEO'S COMPENSATION, AND THE PRESIDENT & CEO AND THE EXECUTIVE COMMITTEE JOINTLY MAKE DECISIONS REGARDING COMPENSATION FOR OTHER EMPLOYEES. THIS PROCESS WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL INFORMATION IS AVAILABLE ON THE WEB THROUGH THE WA SECRETARY OF STATE CHARITABLE SOLICITATIONS AND TRUSTS. IMAGINE HOUSING AND AFFILIATES POSTS ITS ANNUAL REPORT ON OUR WEBSITE WHICH INCLUDES FINANCIAL INFORMATION AND CONTACT INFORMATION FOR THOSE WHO WANT ADDITIONAL DETAILS. FINANCIAL INFORMATION IS ALSO AVAILABLE THROUGH INDEPENDENT WEBSITES, SUCH AS GUIDESTAR. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. AMENDED FORM 990: THE FORM 990 IS BEING AMENDED TO MATCH THE AUDITED FINANCIAL STATEMENTS. THE FOLLOWING SCHEDULES, PARTS, LINES, ETC. ARE IMPACTED BY THE AMENDMENT: FORM 990, PAGE 1, BLOCK B FORM 990, PART I, LINES 8-9, 17-22 FORM 990, PART II FORM 990, PART III, LINES 4A, 4E FORM 990, PART IV, LINE 12B FORM 990, PART VI, LINE 20 FORM 990, PART VIII, LINES 1E, 1H, 2A, 2G, 12 FORM 990, PART IX, LINES 11A, 25 FORM 990, PART X, LINES 15-16, 25-27, 32-33 FORM 990, PART XI, LINES 2-3, 10 FORM 990, PART XII, LINES 2B-2C SCHEDULE A, PART I, LINE 12G, COLUMN V SCHEDULE B, PART I SCHEDULE D, PART X RV MANAGER 1722 138TH PLACE NE BELLEVUE WA 98005 463458905 LOW-INCOME HOUSING WA -52 649 IMAGINE HOUSING COMMUNITIES ATHENE MANAGER 1722 138TH PLACE NE BELLEVUE WA 98005 911559906 LOW-INCOME HOUSING WA -74 1315 IMAGINE HOUSING COMMUNITIES 30BELLEVUE MANAGER LLC 1722 138TH PLACE NE BELLEVUE WA 98005 911559906 LOW-INCOME HOUSING WA -57 1036 IMAGINE HOUSING COMMUNITIES IMAGINE HOUSING 1722 138TH PLACE NE BELLEVUE WA 98005 943110312 LOW-INCOME HOUSING WA 501(C)(3) LINE 7 N/A 0 ST ANDREWS LIMITED PARTNERSHIP 10604 NE 38TH PLACE SUITE 215 KIRKLAND WA 98033 911514437 LOW-INCOME HOUSING WA N/A RENTAL 12385 0 1 0.01000 KTOD LLC 10604 NE 38TH PLACE SUITE 215 KIRKLAND WA 98033 454001964 LOW-INCOME HOUSING WA N/A RENTAL -56 140757 0 1 0.00010 ATHENE LLC 10604 NE 38TH PLACE SUITE 215 KIRKLAND WA 98033 810950404 LOW-INCOME HOUSING WA N/A RENTAL -84 107273 0 1 0.00010 30BELLEVUE LLC 1722 138TH PLACE NE BELLEVUE WA 98005 814730232 LOW-INCOME HOUSING WA N/A RENTAL -68 376238 0 1 0.00010 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1