2024-08-16T11:45:56-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2023-01-01 943175313 LYNN CREST SENIOR HOUSING ASSOCIATION LYNN 4252589222 3107 COLBY AVENUE EVERETT WA 98201 KIMBERLY WILSON INTERIM DIR. OF FINANCE / CFO 4252589222 2024-08-13 1 1 KURT BENNION CPA P01469618 4252506100 2024-08-13 2023 2024-08-08 14:25:15Z KOREN SMITH 3107 COLBY AVENUE EVERETT WA 98201 573035 0 X WWW.EVHA.ORG X 1992 WA HOUSING FOR LOW-INCOME ELDERLY 7 7 0 7 0 0 380911 413434 127801 140328 167 -9725 0 18704 508879 562741 0 0 0 0 135528 110648 0 0 0 247748 333253 383276 443901 125603 118840 1377876 1488944 45102 37330 1332774 1451614 CREATE AFFORDABLE HOUSING, FOSTERS HEALTHY COMMUNITIES WHERE HOUSEHOLDS THRIVE, AND REPLACES SYSTEMIC RACISM WITH EQUITY FOR ALL. 0 0 365249 0 140328 LYNN CREST SENIOR HOUSING ASSOCIATION OPERATES A 40-UNIT APARTMENT BUILDING WITH 39 UNITS RESTRICTED FOR LOW-INCOME ELDERLY RESIDENTS. TENANTS QUALIFY FOR PROJECT BASED VOUCHERS (PBVS). 365249 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 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 7 7 0 1 1 0 0 1 0 1 1 0 0 1 1 1 0 1 1 0 0 0 X X WENDY BLAIN 4252589222 3107 COLBY AVENUE EVERETT WA 98201 JOHN FORSYTH - INTERIM EXEC DIRECTOR (THROUGH NOV. 2023) 1.00 39.00 X 0 190685 31395 ASHLEY LOMMERS-JOHNSON EXEC. DIRECTOR (THROUGH APRIL 2023) 1.00 39.00 X 0 125190 12502 MAJOR GALLOWAY III EXECUTIVE DIRECTOR 1.00 39.00 X 0 77565 5995 CHIP BURGESS PRESIDENT 1.00 10.00 X X 0 0 0 KOREN SMITH VICE PRESIDENT 1.00 10.00 X X 0 0 0 CYNTHIA ANDREWS BOARD MEMBER 1.00 10.00 X 0 0 0 PAUL MANSELLE BOARD MEMBER 1.00 10.00 X 0 0 0 GEORGE PEREZ JR BOARD MEMBER 1.00 10.00 X 0 0 0 JOHN TRAYNOR BOARD MEMBER 1.00 10.00 X 0 0 0 BENJAMIN YOUNG BOARD MEMBER 1.00 10.00 X 0 0 0 0 393440 49892 0 0 1 0 0 413434 413434 TENANT RENT & RELATED 533110 140328 140328 140328 569 569 10294 -10294 -10294 -10294 OTHER REVENUE 900099 12835 12835 FORGIVENESS OF DEBT 900099 5869 5869 18704 562741 140328 0 8979 80629 80629 7915 7915 15656 15656 6448 6448 57536 57536 17451 17451 1208 1208 40630 39376 1254 216 216 13879 13879 1521 1521 104560 104027 533 2969 2299 670 203 203 90320 90320 2751 2751 BAD DEBT EXPENSE 9 9 443901 365249 78652 0 2558 19934 132410 202 351 6059 2993528 1898289 1109287 1095239 133270 367510 1377876 1488944 27582 17472 1236 10406 10794 5878 9064 45102 37330 X 635274 1451614 697500 0 1332774 1451614 1377876 1488944 118840 0 X 0 0 0 X 218448 225697 220229 380911 413434 1458719 218448 225697 220229 380911 413434 1458719 1458719 245 269 53 167 569 1303 18704 18704 1478726 620060 0.98650 0.99920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GAIN ON FORGIVENESS OF DEBT OTHER REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 318919 318919 2170366 1496517 673849 193278 193278 0 310965 208494 102471 1095239 RESTRICTED DEPOSITS AND FUNDED RESERVES 356716 TENANT SECURITY DEPOSITS 10794 367510 INTERPROGRAM - DUE TO 9064 9064 PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS FOR RENTAL TENANTS. SECURITY DEPOSITS ARE HELD IN A NON-INTEREST BEARING ACCOUNT. WHEN A TENANT VACATES A PROPERTY, THE SECURITY DEPOSIT IS USED TO COVER THE COST OF ANY REPAIRS, THEN THE REMAINING AMOUNT IS REFUNDED TO THE TENANT OR THEIR ESTATE. 0 0 0 0 0 0 0 0 0 JOHN FORSYTH - INTERIM EXEC DIRECTOR (THROUGH NOV. 2023) 0 190685 0 0 0 0 0 18820 0 12575 0 222080 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR'S COMPENSATION IS SET BY EVERETT HOUSING AUTHORITY, A RELATED ORGANIZATION. THE FOLLOWING WERE USED BY EVERETT HOUSING AUTHORITY IN SETTING THE EXECUTIVE DIRECTOR'S COMPENSATION: 1. INDEPENDENT COMPENSATION CONSULTANT 2. APPROVAL BY THE BOARD OR A COMMITTEE OF THE BOARD FORM 990, PART VI, SECTION A, LINE 3 DURING 2023, ALL EXECUTIVE AND ADMINISTRATIVE SERVICES WERE PROVIDED BY THE CITY OF EVERETT HOUSING AUTHORITY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S GOVERNING DOCUMENTS WERE AMENDED AS FOLLOWS IN 2023: ARTICLES OF INCORPORATION 1. ADDED THAT THE CORPORATION IS EMPOWERED TO ENTER INTO PARTNERSHIP OR OTHER OWNERSHIP AGREEMENTS AND OTHER CONTRACTS WITH THIRD PARTIES. ADDITIONALLY, IT WAS ADDED THAT THE CORPORATION CAN ENTER INTO AGREEMENTS OR RELATIONSHIPS TO SECURE FUNDING FOR ITS PURPOSE. 2. ADDED THAT CORPORATION SHALL NOT HAVE MEMBERS. 3. REMOVED THE LIMIT FOR NUMBER OF TOTAL BOARD OF DIRECTORS THAT THE ORGANIZATION CAN HAVE. BYLAWS 1. UPDATED TO INCLUDE PROHIBITED ACTIVITES SUCH AS NOT USING CORPORATION'S NET EARNINGS FOR THE BENEFIT OF ANY OFFICER, TRUSTEE, OR OTHER PRIVATE PERSONS. ADDITIONALLY, INCLUDED THAT THE CORPORATION SHALL NOT PARTICIPATE IN ANY POLITICAL CAMPAIGNS. 2. UPDATED THE OFFICERS TITLE TO ONLY INCLUDE PRESIDENT AND SECRETARY/TREASURER. 3. REMOVED THE LIMIT FOR NUMBER OF TOTAL BOARD OF DIRECTORS THAT THE ORGANIZATION CAN HAVE. 4. INCLUDED THAT DIRECTORS SHALL SERVE DURING THE TERMS SPECIFICED IN ARTICLES OF INCORPORATION. 5. ADDED THAT THE NON-VOTING DIRECTOR SHALL SIGN ALL APPLICATIONS, CONTRACTS, AND OTHER INSTRUMENTS OF THE CORPORATION. 6. UPDATED THAT, INSTEAD OF MAJORITY, ONE THIRD OF THE BOARD OF DIRECTORS SHALL CONSTITUTE A QUORUM. FORM 990, PART VI, SECTION A, LINE 7A THE EXECUTIVE DIRECTOR OF THE HOUSING AUTHORITY OF THE CITY OF EVERETT IS AN EX OFFICIO VOTING MEMBER OF LYNN CREST SENIOR HOUSING ASSOCIATION'S BOARD OF DIRECTORS. LYNN CREST SENIOR HOUSING ASSOCIATION'S OTHER BOARD MEMBERS ARE APPOINTED BY THE BOARD OF COMMISSIONERS OF THE HOUSING AUTHORITY OF THE CITY OF EVERETT. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE FORM 990 WAS REVIEWED BY THE ACCOUNTANT, DEPUTY DIRECTOR OF FINANCE AND CFO. A COPY WAS ALSO PROVIDED TO THE BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. CONTACT INFORMATION CAN BE FOUND ON THE COMPANY WEBSITE. CITY OF EVERETT HOUSING AUTHORITY PO BOX 1547 EVERETT WA 98204 916000965 LOW INCOME HOUSING WA HOUSING AUTHORITY 0 EVERGREEN COURT SENIOR HOUSING ASSOCIATION 3107 COLBY AVENUE EVERETT WA 98201 911706034 HOUSING FOR LOW INCOME ELDERLY WA 501(C)(3) LINE 7 CITY OF EVERETT HOUSING AUTHORITY 0 HAWKINS HOUSE 3107 COLBY AVENUE EVERETT WA 98201 562664069 HOUSING FOR LOW INCOME ELDERLY WA 501(C)(3) LINE 7 CITY OF EVERETT HOUSING AUTHORITY 0 LAKE WOODS SENIOR HOUSING ASSOCIATION OF SNOHOMISH COUNTY 3107 COLBY AVENUE EVERETT WA 98201 911514047 HOUSING FOR LOW INCOME ELDERLY WA 501(C)(3) LINE 7 CITY OF EVERETT HOUSING AUTHORITY 0 MEADOW PARK SENIOR HOUSING ASSOCIATION 3107 COLBY AVENUE EVERETT WA 98201 911876555 HOUSING FOR LOW INCOME ELDERLY WA 501(C)(3) LINE 7 CITY OF EVERETT HOUSING AUTHORITY 0 SENIOR HOUSING ASSOCIATION OF SNOHOMISH COUNTY 3107 COLBY AVENUE EVERETT WA 98201 911212807 HOUSING FOR LOW INCOME ELDERLY WA 501(C)(3) LINE 7 CITY OF EVERETT HOUSING AUTHORITY 0 SILVER LAKE SENIOR HOUSING ASSOCIATION 3107 COLBY AVENUE EVERETT WA 98201 943041311 HOUSING FOR LOW INCOME ELDERLY WA 501(C)(3) LINE 7 CITY OF EVERETT HOUSING AUTHORITY 0 SILVER VIEW SENIOR HOUSING ASSOCIATION 3107 COLBY AVENUE EVERETT WA 98201 911664336 HOUSING FOR LOW INCOME ELDERLY WA 501(C)(3) LINE 7 CITY OF EVERETT HOUSING AUTHORITY 0 VILLAGE EAST SENIOR HOUSING ASSOCIATION 3107 COLBY AVENUE EVERETT WA 98201 911790812 HOUSING FOR LOW INCOME ELDERLY WA 501(C)(3) LINE 7 CITY OF EVERETT HOUSING AUTHORITY 0 SCRIBER POINTE SENIOR HOUSING ASSOCIATION 3107 COLBY AVENUE EVERETT WA 98201 911997783 HOUSING FOR LOW INCOME ELDERLY WA 501(C)(3) LINE 7 CITY OF EVERETT HOUSING AUTHORITY 0 EVERGREEN VILLAGE SENIOR HOUSING ASSOCIATION 3107 COLBY AVENUE EVERETT WA 98201 912061718 HOUSING FOR LOW INCOME ELDERLY WA 501(C)(3) LINE 7 CITY OF EVERETT HOUSING AUTHORITY 0 BAKERVIEWGRANDVIEW AFFORDABLE HOUSING LLLP 3107 COLBY AVENUE EVERETT WA 98201 464045267 LOW INCOME RENTAL PROJECT WA N/A 0 0 BROADWAY PLAZA LLLP 3107 COLBY AVENUE EVERETT WA 98201 452274773 LOW INCOME RENTAL PROJECT WA N/A 0 0 EHA SENIOR HOUSING I LLLP 3107 COLBY AVENUE EVERETT WA 98201 474960554 LOW INCOME RENTAL PROJECT WA N/A 0 0 EVERETT AFFORDABLE HOUSING PORTFOLIO LLLP 3107 COLBY AVENUE EVERETT WA 98201 464041050 LOW INCOME RENTAL PROJECT WA N/A 0 0 PIVOTAL POINT LLLP 3107 COLBY AVENUE EVERETT WA 98201 461558304 LOW INCOME RENTAL PROJECT WA N/A 0 0 WIGGUMS PARK PLACE LLLP 3107 COLBY AVENUE EVERETT WA 98201 814596296 LOW INCOME RENTAL PROJECT WA N/A 0 0 EVERETT HOUSING LEGACY LLP 3107 COLBY AVENUE EVERETT WA 98201 822952131 LOW INCOME RENTAL PROJECT WA N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0