2024-09-13T11:52:51-05:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 850509765 DESC HOBSON CLINIC QALICB DESC 2068122504 515 THIRD AVENUE SEATTLE WA 98104 JENNIFER TRIPP CHIEF FINANCIAL OFFICER 2068122504 2024-09-12 1 1 EMILY SEGER P02093839 3178485700 2023 2024-08-08 14:25:15Z JENNIFER TRIPP 515 THIRD AVENUE SEATTLE WA 98104 183000 0 X N/A X 2020 WA THE PURPOSE OF THE CORPORATION IS TO EXCLUSIVELY SUPPORT AND BENEFIT, FINANCIALLY AND/OR OPERATIONALLY, DESC, AN EXEMPT ORGANIZATION, AND TO ENSURE COMPLIANCE OF THE HOBSON CLINIC WITH THE NEW MARKET TAX CREDIT PROGRAM DURING THE COMPLIANCE PERIOD. 5 5 0 0 0 0 15414 0 137250 183000 242 0 0 0 152906 183000 0 0 0 0 0 0 0 0 0 921661 1293214 921661 1293214 -768755 -1110214 22027855 20920955 15418572 15421886 6609283 5499069 X THE CORPORATION WAS FORMED FOR THE PURPOSES OF ACQUIRING, CONSTRUCTING, OWNING, AND LEASING A FULL-SCALE INTEGRATED HEALTH CARE CLINIC LOCATED IN SEATTLE, WASHINGTON KNOWN AS THE HOBSON PLACE CLINIC. CONSTRUCTION IS COMPLETE AND THE PROPERTY IS BEING LEASED TO DOWNTOWN EMERGENCY SERVICE CENTER TO OPERATE AND PROVIDE BEHAVIORAL HEALTH SERVICES, AND PRIMARY CARE MEDICAL SERVICES THROUGH AN AGREEMENT WITH HARBORVIEW MEDICAL CLINIC. 0 0 1253587 183000 THE ORGANIZATION HAS ACQUIRED AND CONSTRUCTED A FULL-SCALE HEALTH CARE CLINIC LOCATED IN SEATTLE, WASHINGTON KNOWN AS HOBSON PLACE CLINIC. THE ORGANIZATION OWNS THE CLINIC, AND LEASES IT TO DOWNTOWN EMERGENCY SERVICE CENTER. THE LEASE COMMENCED IN 2022 UPON COMPLETION OF THE CONSTRUCTION OF THE PROPERTY. 1253587 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X JENNY TRIPP 2064641570 515 THIRD AVENUE SEATTLE WA 98104 DANIEL MALONE PRESIDENT 0.10 37.50 X X 0 197288 17015 JUDGE HELEN HALPERT VICE PRESIDENT 0.10 X X 0 0 0 BRYAN FRIEND TREASURER 0.10 X X 0 0 0 MARCIA MCCRACKEN SECRETARY 0.10 X X 0 0 0 SHERYL WHITNEY BOARD MEMBER 0.10 X 0 0 0 0 197288 17015 0 0 1 0 0 RENTAL INCOME 531110 183000 183000 183000 183000 183000 0 0 154150 154150 997771 997771 LENDER FEE 93000 93000 ADMINISTRATIVE 39627 39627 AUDIT EXPENSE 8598 8598 OTHER FEES, PERMITS, LI 68 68 1293214 1253587 39627 0 54807 38677 0 21868606 1603665 21251640 20264941 303519 292448 417889 324889 22027855 20920955 3572 6886 15415000 15415000 15418572 15421886 X 6609283 5499069 6609283 5499069 22027855 20920955 -1110214 0 X X 0 1 X 1 0 X X 1 DOWNTOWN EMERGENCY SERVICE CENTER 911275815 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 X 1 1 SCHEDULE A, PART IV, SECTION D, LINE 3 THE CLINIC WAS CREATED FOR THE SOLE BENEFIT OF DESC; THEREFORE, DESC'S NEEDS ARE DIRECTING HOW THE CLINIC'S INCOME AND ASSETS ARE USED. SCHEDULE A, PART IV, SECTION E, LINE 2A DESC'S PURPOSE IS TO ELIMINATE HOMELESSNESS FOR VULNERABLE PEOPLE, PARTICULARLY THOSE LIVING WITH SERIOUS MENTAL ILLNESS AND/OR SUBSTANCE USE DISORDERS. THE CLINIC FURTHERED THIS PURPOSE BY CONSTRUCTING, OWNING, AND LEASING AN INTEGRATED CLINIC THAT WILL SERVE DESC'S CLIENTS. SINCE THE QALICB'S ACTIVITIES ALL RELATE TO THE CLINIC THAT WILL SERVE DESC CLIENTS, IT WAS DETERMINED THAT FURTHERING THE EXEMPT ACTIVITIES WAS THE MAJORITY OF THE QALICB'S ACTIVITIES. SCHEDULE A, PART IV, SECTION E, LINE 2B YES, IF WE DIDN'T NEED TO SET UP A SEPARATE ENTITY TO MANAGE THE NMTC, DESC WOULD HAVE ENGAGED IN ALL OF THE QALICB ACTIVITY ITSELF. 1652444 1652444 18214846 1062533 17152313 155443 18135 137308 1845873 522997 1322876 20264941 LOANS PAYABLE-LT 15415000 15415000 X 183000 0 183000 0 183000 923481 -369733 -369733 1293214 0 1293214 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XII, LINE 2D - OTHER ADJUSTMENTS: B/T DEPRECIATION DIFFERENCE -369,733. 0 0 0 0 0 0 0 0 0 DANIEL MALONE PRESIDENT 0 197288 0 0 0 0 0 0 0 0 0 197288 0 0 FORM 990, PART VI, SECTION A, LINE 2 DANIEL MALONE IS DESC'S EXECUTIVE DIRECTOR, MARCIA MCCRACKEN IS A DESC VOLUNTEER AND DONOR, SHERYL WHITNEY IS A FORMER DESC BOARD MEMBER, AND BRYAN FRIEND IS A FORMER DESC BOARD MEMBER. FORM 990, PART VI, SECTION A, LINE 8B N/A - NO COMMITTEES FORM 990, PART VI, SECTION B, LINE 11B THE BOARD WILL RECEIVE A COPY OF THE 990 IN ADVANCE AND THEN WILL MEET TO DISCUSS AND ADDRESS ANY QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED AT AN ANNUAL BOARD MEETING AND BOARD MEMBERS ARE ASKED TO DECLARE ANY CONFLICTS OF INTEREST THAT MAY EXIST. IF ANY EXIST, THE MATTER IS DISCUSSED BY THE BOARD FOR RESOLUTION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE ARE NO CHANGES FROM THE PRIOR YEAR. DOWNTOWN EMERGENCY SERVICE CENTER 515 3RD AVE SEATTLE WA 98104 911275815 TO ELIMINATE HOMELESSNESS WA 501(C)(3) LINE 7 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 DOWNTOWN EMERGENCY SERVICE CENTER J 183000 FMV