Nonprofit · EIN 61-1497176
OLYMPIC HOUSING TRUST
Tax-exempt · PORT TOWNSEND, WA 98368
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $923,782 | $240,898 | $682,884 | $1,246,999 | $18,676 | $1,228,323 |
| December 31, 2024 | 990 | $348,712 | $262,881 | $85,831 | $566,078 | $19,616 | $546,462 |
| December 31, 2023 | 990 | $149,775 | $89,595 | $60,180 | $476,020 | $15,389 | $460,631 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $923,371
- of which government grants
- $88,963
- Membership dues
- $1,475
- Program service revenue
- $100
- Investment income
- $683
- Net rental income
- -$372
- Other revenue
- -$372
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $82,218
- Other salaries and wages
- $52,372
- Salaries, compensation and benefits (total)
- $146,268
- Professional fundraising fees
- $0
- Legal fees
- $2,250
- Accounting fees
- $19,211
- Travel
- $707
- Depreciation
- $1,396
- Program services (functional)
- $131,390
- Management and general (functional)
- $100,731
- Fundraising (functional)
- $8,777
Balance sheet and other
- Total assets, start of year
- $566,078
- Total assets, end of year
- $1,246,999
- Total liabilities, end of year
- $18,676
- Net assets, end of year
- $1,228,323
- Land, buildings and equipment
- $522,248
- Net assets without donor restrictions
- $1,228,323
- Gross receipts
- $926,314
- Employees
- 3
- Volunteers
- 150
- Year formed
- 2007
- State of legal domicile
- WA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kathy Morgan | Executive Director Officer | 40 | $82,218 |
| Theodore Howard | President Trustee or director, Officer | 1 | $0 |
| Sam Schroeder | Vice President Trustee or director, Officer | 1 | $0 |
| Bob Alei | Treasurer Trustee or director, Officer | 1 | $0 |
| Kristina Stimson | Director Trustee or director | 1 | $0 |
| Audrey Morford | Director Trustee or director | 1 | $0 |
| Emily Abell | Director Trustee or director | 1 | $0 |
| Tirzah Juskalian | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kathy Morgan | Executive Director from Feb 24 Officer | 40 | $52,982 |
| Theodore Howard | President Trustee or director, Officer | 1 | $0 |
| Jesse Thomas | Vice President Trustee or director, Officer | 1 | $0 |
| Rachael Dunn | Treasurer Trustee or director, Officer | 1 | $0 |
| Kristina Stimpson | Secratary Trustee or director, Officer | 1 | $0 |
| Justine Pratt | Director Trustee or director | 1 | $0 |
| Ben Wilson | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rachael Dunn | Treasurer Trustee or director, Officer | 2 | $2,293 |
| Jesse Thomas | President Trustee or director, Officer | 2 | $300 |
| Kristina Stimpson | Director Trustee or director | 2 | $300 |
| Theodore Howard | Secretary Trustee or director, Officer | 2 | $0 |
| Justine Pratt | Director Trustee or director | 2 | $0 |
| Ben Wilson | Director Trustee or director | 2 | $0 |
| Teri Nomura | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1505 14TH ST, PORT TOWNSEND, WA 98368-8507
- In care of
- % JESSE THOMAS
- Mailing address (990-N for 2021)
- PO Box 1537, Port Townsend WA 98368
- Principal officer (990 for 2025)
- Ted Howard, 1505 14th Street, Port Townsend, WA 98368
- Principal officer (990-N for 2021)
- Jesse Thomas, 1891 S Jacob Miller Rd, Port Townsend WA 98368
- Signed the 990
- Simon Windell, CFO
- Phone
- (832) 623-5841
- Website
- http://hbclt.org
- Return prepared by
- Rising Sun Accounting
Mission
To develop and steward land for permanently affordable housing and related community needs on the North Olympic Peninsula.
Program accomplishments
- OHT's primary activity is affordable housing development. OHT is actively engaged in ongoing project management for two affordable housing construction projects: Dundee Hill, starting in 2025 and Chimacum Commons project started in 2023. Goals of project predevelopment are to design, plan, permit, fund, construct, and sell / rent homes to eligible households. Projects to be built by 2026 and 2027 respectively. OHT has ongoing stewardship activities regarding the four low-income households it serves currently. On an ongoing basis, these homeowners are supported with lease payment monitoring, support in maintenance questions, and resale questions.Expenses $131,390 · revenue $100
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1497176
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $1,246,999
- Income (IRS master file)
- $926,314
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $923,782 | $240,898 | $1,246,999 | XML |
| 990 | December 2024 | $348,712 | $262,881 | $566,078 | IRS |
| 990 | December 2023 | $149,775 | $89,595 | $476,020 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Jesse Thomas | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Paul Rice | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-1497176).
Questions about OLYMPIC HOUSING TRUST
- What is the EIN of OLYMPIC HOUSING TRUST?
- The employer identification number (EIN) of OLYMPIC HOUSING TRUST is 61-1497176.
- Is OLYMPIC HOUSING TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to OLYMPIC HOUSING TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLYMPIC HOUSING TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OLYMPIC HOUSING TRUST due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OLYMPIC HOUSING TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of OLYMPIC HOUSING TRUST?
- The 990 for the year ended December 31, 2025 names Ted Howard.
- Who are the officers and directors of OLYMPIC HOUSING TRUST?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $82,218 (Kathy Morgan, Executive Director).
- How much revenue does OLYMPIC HOUSING TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $923,782, expenses of $240,898 and total assets of $1,246,999 at year end.
Other nonprofits in PORT TOWNSEND
- OWL 360 EIN 87-1282294 · last filed 990 for 2025
- SOUTH 7 SENIOR HOUSING EIN 73-1676594 · last filed 990 for 2025
- NANAS HOUSE EIN 46-4381461 · last filed 990-N for 2024
- PT HOMES EIN 85-0561600 · last filed 990-N for 2025
- REAL ESTATE PROFESSIONALS FOR AFFORDABLE HOUSING IN EAST EIN 91-1448712 · last filed 990-N for 2025
- OLYMPIC COMMUNITY ACTION PROGRAMS EIN 91-0814319 · last filed 990 for 2024
- NORTHWEST MARITIME CENTER EIN 91-1931643 · last filed 990 for 2024
- JEFFERSON COMMUNITY COUNSELING CENTER EIN 91-1539432 · last filed 990 for 2025
All nonprofits in PORT TOWNSEND · Washington · Housing and shelter