2024-11-05T13:35:28-06:00 2023-12-31 910189318 MOSS ADAMS LLP 2707 COLBY AVENUE SUITE 801 EVERETT WA 98201 990 2023-01-01 912105328 SHIRLEY BRIDGE BUNGALOWS SHIR 2069012000 6400 SOUTHCENTER BOULEVARD TUKWILA WA 98188 MIKE DE LUCA CFO 2069012000 2024-10-29 1 0 EMINA O CRESSWELL CPA P01217304 4252597227 2024-10-29 2023 2024-10-15 13:58:12Z MIKE DE LUCA 6400 SOUTHCENTER BOULEVARD TUKWILA WA 98188 67793 0 X WWW.SOUND.HEALTH X 2001 WA TO PROVIDE LOW-INCOME ADULTS AND FAMILIES WITH HIV/AIDS WITH PERMANENT HOUSING. 3 3 0 5 0 0 0 0 66003 67788 5 5 0 0 66008 67793 0 0 0 0 0 0 0 0 0 95419 114198 95419 114198 -29411 -46405 720733 697679 515765 539116 204968 158563 X TO PROVIDE LOW-INCOME ADULTS AND FAMILIES WITH HIV/AIDS WITH PERMANENT HOUSING. 0 0 88697 67788 SHIRLEY BRIDGE BUNGALOWS (THE PROJECT) IS A WASHINGTON PRIVATE NONPROFIT CORPORATION, ORGANIZED IN 2001 FOR THE PURPOSE OF DEVELOPING AND OPERATING A 6-UNIT PROJECT LOCATED IN WEST SEATTLE, WASHINGTON. SOUND MENTAL HEALTH ACQUIRED CONTROL OF THE PROJECT FROM BUILDINGCHANGES ON AUGUST 1, 2012. THE PROJECT WAS FORMED AND OPERATES UNDER SECTION 811 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES PROGRAM. HUD PROVIDES FUNDING TO DEVELOP AND SUBSIDIZE RENTAL HOUSING WITH THE AVAILABILITY OF SUPPORTIVE SERVICES FOR VERY LOW-INCOME ADULTS WITHDISABILITIES. THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) REGULATES SUCH PROJECTS AS TO CHANGE OR DISCONTINUATION OF USE, RENT CHARGES AND OPERATING METHODS. THE PROJECT ALSO IS SUBJECT TO AN 811 PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) AGREEMENT WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED UNDER THE 811 PRAC SUBSIDY PROGRAM. 88697 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MIKE DE LUCA 2069012000 6400 SOUTHCENTER BOULEVARD TUKWILA WA 98188 KATRINA EGNER PRESIDENT AND CEO 1.00 50.00 X 0 308573 24457 MIKE DE LUCA VICE PRESIDENT AND CFO 1.00 50.00 X 0 201935 6058 TOM BOLGER BOARD CHAIR 1.00 12.00 X X 0 0 0 ROGER DOWDY BOARD VICE CHAIR 1.00 12.00 X X 0 0 0 EDDIE PASATIEMPO BOARD VICE CHAIR (THRU 9/23) 1.00 12.00 X X 0 0 0 JEFF WILCOX BOARD TREASURER 1.00 12.00 X X 0 0 0 MEG TAYLOR BOARD TREASURER (THRU 1/23) 1.00 12.00 X X 0 0 0 0 510508 30515 0 0 1 0 0 LOW INCOME RENT 531110 67788 67788 67788 5 5 67793 67788 0 5 19425 19425 4474 4474 3656 2054 1602 33806 33806 29567 29567 15388 15388 MAINTENANCE & SUPPLIES 4664 4664 BAD DEBT 3218 3218 114198 88697 25501 0 13197 4669 96453 98984 168 12678 1252600 671252 610915 581348 720733 697679 14114 6117 621 1216 910 854 499800 499800 320 31129 515765 539116 X 204968 158563 204968 158563 720733 697679 -46405 0 X 1 X 0 1 0 X 32563 68109 68670 66003 67788 303133 32563 68109 68670 66003 67788 303133 0 0 0 303133 36 6 4 5 5 56 36 6 4 5 5 56 74 74 32673 68115 68674 66008 67793 303263 0.99960 0.99830 0.00020 0.00030 X 0 1 X 1218359 637011 581348 34241 34241 0 581348 DUE TO AFFILIATE 31129 31129 X 64575 0 64575 3218 3218 67793 110980 0 110980 3218 3218 114198 PART IV, LINE 2B: THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT REQUIRES THAT AMOUNTS RECEIVED FOR TENANT SECURITY DEPOSITS BE PLACED IN A RESTRICTED BANK ACCOUNT TO BE USED ONLY FOR DEPOSITS RECEIVED AND DISBURSED. PART X, LINE 2: THE INTERNAL REVENUE SERVICE (IRS) HAS DETERMINED THAT THE PROJECT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTIONS 501(C)(3) AND 509(A)(2) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAX IS REFLECTED IN THESE FINANCIAL STATEMENTS. THE PROJECT FILES INCOME TAX RETURNS WITH THE U.S. AND VARIOUS STATE AND LOCAL GOVERNMENTS. THE PROJECT IS SUBJECT TO INCOME TAX EXAMINATIONS BY THE TAX AUTHORITIES OF THESE GOVERNMENTS FOR THE CURRENT YEAR AND CERTAIN PRIOR YEARS BASED ON THE APPLICABLE LAWS AND REGULATIONS OF EACH JURISDICTION. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT ADJUSTMENT 3,218. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT ADJUSTMENT 3,218. 0 0 0 0 0 0 0 0 0 KATRINA EGNER PRESIDENT AND CEO 0 268617 0 39154 0 802 0 9257 0 15200 0 333030 0 0 MIKE DE LUCA VICE PRESIDENT AND CFO 0 200000 0 0 0 1935 0 6058 0 0 0 207993 0 0 PART I, LINE 3: COMPENSATION REVIEW A RELATED ORGANIZATION, SOUND, ANNUALLY REVIEWS COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER; THE CEO ANNUALLY REVIEWS ALL OF THE OTHER OFFICERS INCLUDING CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION A, LINE 2 OFFICERS AND DIRECTORS LISTED IN PART VII ALSO HOLD OFFICER AND/OR DIRECTOR POSITIONS IN RELATION TO SOME OF THE ORGANIZATION'S RELATED PARTIES. AS SUCH, THEY MAY BE CONSIDERED TO HAVE BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION A, LINE 7A AS STIPULATED IN THE ORGANIZATION'S GOVERNING DOCUMENTS, A MAJORITY OF THE BOARD OF DIRECTORS OF THE ORGANIZATION MUST BE APPOINTED BY SOUND, A RELATED ENTITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE & AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEE, UPON ACCEPTANCE OF THE FORM 990, INFORMS THE FULL BOARD OF DIRECTORS OF THE OUTCOME OF THE COMMITTEE'S REVIEW, AND COPIES OF THE FORM ARE DISTRIBUTED TO ALL BOARD MEMBERS. AT THE CONCLUSION OF THIS PROCESS, THE COMMITTEE INSTRUCTS MANAGEMENT TO SUBMIT THE FORM 990 TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C SHIRLEY BRIDGE BUNGALOWS FOLLOWS SOUND'S (A RELATED TAX EXEMPT ORGANIZATION) CONFLICT OF INTEREST, WHISTLEBLOWER AND DOCUMENT RETENTION POLICIES. THE BOARD OF DIRECTORS IS COVERED BY THE POLICY. PROSPECTIVE BOARD MEMBERS ARE QUESTIONED ON ANY EXISTING AND/OR POTENTIAL CONFLICT OF INTEREST ISSUES DURING THE BOARD MEMBER RECRUITMENT PROCESS. THE BOARD HAS A PRACTICE THAT IT IS THE RESPONSIBILITY OF ALL BOARD MEMBERS TO CONTINUALLY MONITOR AND DISCLOSE ANY NEW OR POTENTIAL CONFLICT OF INTEREST CONCERNS ON AN ONGOING BASIS. WHEN A CONFLICT OF INTEREST OCCURS, THE BOARD DETERMINES IF THERE IS A CONFLICT OF INTEREST, REVIEWS IT, AND DETERMINES IF THE MEMBER(S) INVOLVED SHOULD BE EXCLUDED FROM THE PARTICULAR CONVERSATION OR VOTE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AR MADE AVAILABLE TO THE PUBLIC UPON REQUEST. SOUND 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 910818971 BEHAVIORAL HEALTH SERVICES WA 501(C)(3) LINE 10 N/A 0 CHRISTOPHER HOUSING 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 911814362 LOW INCOME HOUSING FOR PEOPLE WITH MULTIPLE NEEDS WA 501(C)(3) LINE 10 SOUND 0 EASTSIDE RESIDENTIAL OPPORTUNITIES 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 943145210 LOW INCOME HOUSING FOR THE ELDERLY AND PEOPLE WITH HANDICAPPING CONDITIONS WA 501(C)(3) LINE 10 SOUND 0 SMHI RESIDENTIAL 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 943184024 LONG-TERM INDEPENDENT HOUSING FOR LOW-INCOME AND HOMELESS INDIVIDUALS WA 501(C)(3) LINE 10 SOUND 0 ARBOR HOUSING ASSOCIATES 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 911214649 LOW INCOME HOUSING WA 501(C)(3) LINE 10 SOUND 0 HEATHER APARTMENT ASSOCIATES 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 943221403 LOW INCOME HOUSING WA 501(C)(3) LINE 10 SOUND 0 LAUREL HOUSING ASSOCIATION 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 943044660 LOW INCOME HOUSING WA 501(C)(3) LINE 10 SOUND 0 OAK MANOR ASSOCIATES 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 911135733 LOW INCOME HOUSING WA 501(C)(3) LINE 10 SOUND 0 CASCADE CLUSTER APARTMENT ASSOCIATES 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 911704447 LOW INCOME HOUSING WA 501(C)(3) LINE 10 SOUND 0 KATERI HOUSE HOUSING ASSOCIATION 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 200931805 LOW INCOME HOUSING WA 501(C)(3) LINE 10 SOUND 0 VALOR APARTMENT ASSOCIATES 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 454624834 LOW INCOME HOUSING WA 501(C)(3) LINE 10 SOUND 0 KENYON & BOZEMAN LP 6400 SOUTH CENTER BOULEVARD TUKWILA WA 98188 261525260 RENTAL REAL ESTATE WA N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0