2025-11-14T14:13:42-06:00 2024-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2024-01-01 911559906 IMAGINE HOUSING COMMUNITIES IMAG 4255765190 1722 138TH PLACE NE BELLEVUE WA 98005 SHAWNA BINNING VP OF FINANCE 4255765190 2025-11-14 1 0 ROBERT J DOYLE JR P02365765 3178485700 2024 2025-03-06 01:10:19Z YICHUAN ZHAO 1722 138TH PLACE NE BELLEVUE WA 98005 818880 0 X N/A X 1992 WA DEVELOP, OWN AND OPERATE HOUSING FOR LOW-INCOME HOUSEHOLDS IN EAST KING COUNTY. 6 6 5 0 0 0 512371 484297 366244 332803 2360 1780 0 0 880975 818880 0 0 0 0 232153 295350 0 0 0 801420 763433 1033573 1058783 -152598 -239903 8800528 8570911 6131353 6141639 2669175 2429272 EMPOWERS INDIVIDUALS AND FAMILIES, SUPPORTS DIVERSITY, AND STRENGTHENS COMMUNITIES BY DEVELOPING PERMANENT AFFORDABLE RENTAL HOUSING AND PROVIDING SUPPORTIVE SERVICES. 0 0 1046360 332803 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, 2024, 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. 1046360 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 5 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 1 1 0 1 0 0 0 0 1 1 1 1 1 1 1 1 1 X SHAWNA BINNING 4255765190 1722 138TH PLACE NE BELLEVUE WA 98005 LAURA COUGHLIN CHAIR 1.00 4.00 X X 0 0 0 DENILLE BEZEMER VICE CHAIR 1.00 4.00 X X 0 0 0 DIANE PIETROWSKI TREASURER 1.00 4.00 X X 0 0 0 PENNYMARIE CURRY DIRECTOR 1.00 4.00 X 0 0 0 JACKIE FRANK DIRECTOR 1.00 4.00 X 0 0 0 JOE BANUELOS DIRECTOR 1.00 4.00 X 0 0 0 YICHUAN ZHAO PRESIDENT 4.00 36.00 X 20595 187749 0 SHAWNA BINNING VP OF FINANCE (PART-YEAR) 4.00 36.00 X 6934 62872 0 STEVEN WHITE DIRECTOR OF FINANCE (FORMER, PART-YEAR) 4.00 36.00 X 3452 36119 0 AMY CUBBAGE VP OF ASSET MANAGEMENT 16.00 24.00 X 40132 98299 0 71113 385039 0 0 0 1 0 0 484297 484297 RENT RELATED INCOME 531110 310323 310323 MISC INCOME 531110 22480 22480 332803 1780 1780 818880 332803 0 1780 248133 248133 19162 19162 28055 25071 2984 199948 199948 5592 5592 8651 8651 703 703 12676 8829 3847 1617 1617 18065 18065 7298 7298 111622 111622 363 363 4371 4371 2646 2646 268133 268133 29005 29005 REPAIRS & MAINTENANCE 88515 88515 OTHER EXPENSES 3454 3454 BAD DEBTS 774 774 1058783 1046360 12423 0 292079 244129 350997 363269 13911 41826 8051 37864 11012116 3531376 7741504 7480740 4098 4098 58892 55559 330996 343426 8800528 8570911 80563 51894 6040444 6043090 10346 46655 6131353 6141639 X 2669175 2429272 2669175 2429272 8800528 8570911 -239903 0 X X 0 1 X 1 0 X X X 1 IMAGINE HOUSING 943110312 7 1 1058783 0 1 1058783 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 8709618 2912875 5796743 428855 365545 63310 287310 252956 34354 7480740 DUE TO RELATED PARTY 46655 46655 X PART X, LINE 2: THE CORPORATION 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 AN OTHER THAN 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 X, LINE 2: 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. X X 0 0 0 0 0 0 0 0 0 YICHUAN ZHAO PRESIDENT 20595 187749 0 0 0 0 0 0 0 0 20595 187749 0 0 PART I, LINE 3 HUMAN RESOURCES REVIEWS MULTIPLE SOURCES OF SALARY MARKET DATA TO DETERMINE AN EQUITABLE COMPENSATION RECOMMENDATION FOR THE PRESIDENT. BOARD MEMBERS REVIEW AND APPROVE THIS RECOMMENDATION TO DETERMINE THE PRESIDENT'S SALARY. FORM 990, PART VI, SECTION A, LINE 3 IN 2024, THE ORGANIZATION DELEGATED THE MANAGEMENT OF ITS PROPERTIES TO ALLIED RESIDENTIAL INC. IN THE FIRST HALF OF THE YEAR. FOR THE SECOND HALF OF 2024, PROPERTY MANAGEMENT RESPONSIBILITY WAS DELEGATED TO INDIGO REAL ESTATE SERVICES. 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 VP OF FINANCE, AND THE PRESIDENT 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 MARKET DATA, SUCH AS REGIONAL AND NATIONAL INFORMATION FROM PAYSCALE AND THE KING COUNTY NONPROFIT WAGE AND BENEFIT SURVEY REPORT, ARE REVIEWED WHEN ESTABLISHING COMPENSATION. THE BOARD OFFICERS DETERMINE THE COMPENSATION FOR THE PRESIDENT, WHILE THE PRESIDENT AND DEPARTMENT VICE PRESIDENTS/SUPERVISORS DETERMINE COMPENSATION FOR THEIR DIRECT REPORTS. ALL BOARD DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. THE MOST RECENT REVIEW UNDER THIS PROCESS WAS COMPLETED IN 2024. 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 BEEN CHANGED FROM THE PRIOR YEAR. RV MANAGER LLC 1722 138TH PLACE NE BELLEVUE WA 98005 463458905 LOW-INCOME HOUSING WA -62 542 IMAGINE HOUSING COMMUNITIES ATHENE MANAGER LLC 1722 138TH PLACE NE BELLEVUE WA 98005 911559906 LOW-INCOME HOUSING WA -35 1180 IMAGINE HOUSING COMMUNITIES 30BELLEVUE MANAGER LLC 1722 138TH PLACE NE BELLEVUE WA 98005 911559906 LOW-INCOME HOUSING WA -75 894 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 1722 138TH PLACE NE BELLEVUE WA 98005 911514437 LOW-INCOME HOUSING WA RENTAL -107 10315 0 1 0.01000 KTOD LLC 1722 138TH PLACE NE BELLEVUE WA 98005 454001964 LOW-INCOME HOUSING WA RENTAL -63 1209 0 1 0.00010 30BELLEVUE LLC 1722 138TH PLACE NE BELLEVUE WA 98005 814730232 LOW-INCOME HOUSING WA RENTAL -85 1991 0 1 0.00010 ATHENE LLC 1722 138TH PLACE NE BELLEVUE WA 98005 810950404 LOW-INCOME HOUSING WA RENTAL -67 2109 0 1 0.00010 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1