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Nonprofit · EIN 91-1116960

BELLWETHER HOUSING

Tax-exempt · SEATTLE, WA 98109

Financials

$49.8M$54.1M2023$51.3M$60.7M2024$65.3M$62.1M2025
Revenue Expenses · by fiscal year end
Financials of BELLWETHER HOUSING by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$65,307,433$62,125,606$3,181,827$400,398,309$294,029,914$106,368,395
December 31, 2024990$51,340,734$60,695,123-$9,354,389$387,796,292$289,204,747$98,591,545
December 31, 2023990$49,789,985$54,125,481-$4,335,496$394,705,233$279,979,236$114,725,997
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$16,556,755
of which government grants
$6,386,281
Program service revenue
$37,716,980
Investment income
$11,223,245
Net gain from sales of assets
$9,442,292
Net income from fundraising events
-$189,547
Other revenue
-$189,547

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$2,283,204
Other salaries and wages
$11,045,341
Salaries, compensation and benefits (total)
$16,767,416
Professional fundraising fees
$0
Legal fees
$279,531
Accounting fees
$174,363
Occupancy
$16,560,464
Depreciation
$8,176,092
Program services (functional)
$55,634,118
Management and general (functional)
$5,869,255
Fundraising (functional)
$622,233

Balance sheet and other

Total assets, start of year
$387,796,292
Total assets, end of year
$400,398,309
Total liabilities, end of year
$294,029,914
Net assets, end of year
$106,368,395
Land, buildings and equipment
$223,556,079
Net assets without donor restrictions
$104,008,472
Net assets with donor restrictions
$2,359,923
Gross receipts
$71,049,045
Employees
244
Volunteers
12
Year formed
1980
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.

NameTitleHours / weekCompensationOther / benefits
SUSAN BOYDCHIEF EXECUTIVE OFFICER
Officer
40$386,225$29,579
JENNIFER NGUYENCHIEF FINANCIAL OFFICER
Officer
40$330,862$22,941
MELISSA TUTORVICE PRESIDENT OF HUMAN RE
Highest-paid employee
40$218,246$31,695
MICHELLE HAWLEYVICE PRESIDENT OF PROPERTY
Key employee
40$218,246$25,316
JACOB GELBDIRECTOR OF ASSET MANAGEME
Highest-paid employee
40$196,795$30,836
JOVAN LUDOVICEVICE PRESIDENT OF REAL EST
Key employee
40$203,891$19,710
TODD M KITCHENSCONTROLLER
Highest-paid employee
40$188,999$23,063
JEFF CRAIGDIRECTOR OF INFORMATION TE
Highest-paid employee
40$188,191$15,734
MEGAN MAYESFUNDRAISING AND COMMUNICAT
Officer
40$178,499$17,673
PAUL RAMIREZDIRECTOR OF FACILITIES MAN
Highest-paid employee
40$173,249$17,004
ALEX HUDSONVICE CHAIR
Trustee or director, Officer
1$0$0
ANDRES MANTILLADIRECTOR
Trustee or director
1$0$0
CARLA DEWBERRYDIRECTOR, TREASURER, FINAN
Trustee or director, Officer
1$0$0
GREGG COLBURNDIRECTOR
Trustee or director
1$0$0
JILMA JIMENEZSECRETARY
Trustee or director, Officer
1$0$0
11 more people on this return
NameTitleHours / weekCompensation
KATE JONCASIMMEDIATE PAST CHAIR
Trustee or director, Officer
1$0
KATEESHA ATTERBERRYDIRECTOR
Trustee or director
1$0
MARK KLEBANOFFDIRECTOR
Trustee or director
1$0
MICHELLE CHENDIRECTOR
Trustee or director
1$0
MIKE WOODIRECTOR
Trustee or director
1$0
NAVNEET KESHERDIRECTOR
Trustee or director
1$0
PETE MILLERDIRECTOR
Trustee or director
1$0
PETER LARSENCHAIR
Trustee or director, Officer
1$0
REBEKAH BASTIANDIRECTOR
Trustee or director
1$0
REZA MARASHIDIRECTOR
Trustee or director
1$0
SHELLY CROCKERDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2024: 33 people
NameTitleHours / weekCompensationOther / benefits
SUSAN BOYDCHIEF EXECUTIVE OFFICER
Officer
40$365,896$33,802
JENNIFER NGUYENCHIEF FINANCIAL OFFICER
Officer
40$320,447$16,644
MICHELLE HAWLEYVICE PRESIDENT OF PROPERTY
Key employee
40$222,930$28,313
MELISSA TUTORVICE PRESIDENT OF HUMAN RE
Key employee
40$222,245$21,137
JOVAN LUDOVICEVICE PRESIDENT OF REAL EST
Key employee
40$194,450$20,346
JACOB GELBDIRECTOR OF ASSET MANAGEME
Key employee
40$175,929$31,282
JEFF CRAIGDIRECTOR OF INFORMATION TE
Key employee
40$169,515$16,940
TODD M KITCHENSCONTROLLER
Key employee
40$169,615$15,118
PAUL RAMIREZDIRECTOR OF FACILITIES MAN
Key employee
40$167,856$16,799
YVETTE WATKINSDIRECTOR OF PROPERTY MANAG
Key employee
40$158,828$25,054
ELLIOT SWANSONDIRECTOR OF RESIDENT SERVICES
Key employee
40$156,849$15,740
RACHAEL SIMPSONDIRECTOR OF COMPLIANCE
Key employee
40$154,463$17,773
JOE PLOTTSSENIOR REGIONAL MANAGER
Highest-paid employee
40$138,378$16,720
PENNY J ENNULATSENIOR BUSINESS SYSTEMS ANALYST
Highest-paid employee
40$123,226$10,797
KAYAH MCCOY HUFFROVING PROPERTY MANAGER
Highest-paid employee
40$102,923$22,299
MEGAN MAYESFUNDRAISING AND COMMUNICATIONS DIRECTOR
Officer
40$86,308$5,411
ALEX HUDSONVICE CHAIR
Trustee or director, Officer
1$0$0
ANDRES MANTILLADIRECTOR
Trustee or director
1$0$0
CARLA DEWBERRYDIRECTOR, TREASURER, FINAN
Trustee or director, Officer
1$0$0
GREGG COLBURNDIRECTOR
Trustee or director
1$0$0
JILMA JIMENEZSECRETARY
Trustee or director, Officer
1$0$0
KATE JONCASIMMEDIATE PAST CHAIR
Trustee or director, Officer
1$0$0
KATEESHA ATTERBERRYDIRECTOR
Trustee or director
1$0$0
MARK KLEBANOFFDIRECTOR
Trustee or director
1$0$0
MICHELLE CHENDIRECTOR
Trustee or director
1$0$0
MIKE WOODIRECTOR
Trustee or director
1$0$0
NAVNEET KESHERDIRECTOR AND FUND DEVELOPM
Trustee or director
1$0$0
PETE MILLERDIRECTOR
Trustee or director
1$0$0
PETER LARSENCHAIR
Trustee or director, Officer
1$0$0
REBEKAH BASTIANDIRECTOR
Trustee or director
1$0$0
REZA MARASHIDIRECTOR
Trustee or director
1$0$0
SHELLY CROCKERDIRECTOR AND REAL ESTATE D
Trustee or director
1$0$0
ANTOINE TOUSSAINTDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 34 people
NameTitleHours / weekCompensationOther / benefits
SUSAN BOYDCHIEF EXECUTIVE OFFICER
Officer
40$302,215$31,856
MICHELLE HAWLEYVICE PRESIDENT OF PROPERTY OPERATIONS
Officer
40$184,401$30,350
JOVAN LUDOVICEVICE PRESIDENT OF REAL ESTATE DEVELOPMENT
Officer
40$182,082$31,313
JACOB GELBDIRECTOR OF ASSET MANAGEMENT
Key employee
40$156,000$35,953
AMY BESUNDERDIRECTOR OF FUND DEVELOPMENT & COMMUNICATIONS
Key employee
40$166,481$18,322
PAUL RAMIREZDIRECTOR OF FACILITIES MAN
Key employee
40$166,158$13,384
JEFF CRAIGDIRECTOR OF INFORMATION TECHNOLOGY
Highest-paid employee
40$147,516$28,444
LACHLAN FOSSASSOCIATE DIRECTOR OF CONSTRUCTION MANAGEMENT
Highest-paid employee
40$144,277$27,811
YVETTE WATKINSDIRECTOR OF PROPERTY MANAGEMENT
Highest-paid employee
40$138,323$24,559
MINDY BLACKSENIOR HOUSING DEVELOPER
Highest-paid employee
40$138,274$15,825
RACHAEL SIMPSONSENIOR COMPLIANCE & LEASING MANAGER
Highest-paid employee
40$135,295$17,472
CODY MCCALLCONTROLLER
Former
40$119,382$23,209
JENNIFER NGUYENCHIEF FINANCIAL OFFICER
Officer
40$99,231$28,247
TONY SOUTHERSENIOR ASSET MANAGER
Former
40$112,073$9,853
JIM HAWLEYSENIOR MAINTENANCE MANAGER
Former
40$105,660$13,635
MELISSA TUTORVICE PRESIDENT OF HUMAN RESOURCES
Officer
40$11,538$840
DEVA HASSONIMMEDIATE PAST CHAIR
Trustee or director, Officer
1$0$0
KATE JONCASCHAIR
Trustee or director, Officer
1$0$0
CARLA DEWBERRYDIRECTOR, TREASURER, FINANCE AND AUDIT CHAIR
Trustee or director, Officer
1$0$0
REBEKAH BASTIANDIRECTOR AND SECRETARY
Trustee or director, Officer
1$0$0
SHELLY CROCKERDIRECTOR AND REAL ESTATE DEVELOPMENT CHAIR
Trustee or director
1$0$0
PETER LARSENVICE CHAIR
Trustee or director, Officer
1$0$0
PETE MILLERDIRECTOR
Trustee or director
1$0$0
ALEX HUDSONDIRECTOR AND GOVERNANCE CHAIR
Trustee or director
1$0$0
JOHN BLISSDIRECTOR
Trustee or director
1$0$0
GREGG COLBURNDIRECTOR
Trustee or director
1$0$0
BRADLEY KARVASEKDIRECTOR
Trustee or director
1$0$0
NAVNEET KESHERDIRECTOR AND FUND DEVELOPMENT CHAIR
Trustee or director
1$0$0
KATEESHA ATTERBERRYDIRECTOR
Trustee or director
1$0$0
JILMA JIMENEZDIRECTOR
Trustee or director
1$0$0
MICHELLE CHENDIRECTOR
Trustee or director
1$0$0
REZA MARASHIDIRECTOR
Trustee or director
1$0$0
ANTOINE TOUSSAINTDIRECTOR
Trustee or director
1$0$0
MIKE WOODIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
433 MINOR AVE N, SEATTLE, WA 98109-5439
Principal officer (990 for 2025)
SUSAN BOYD, 433 MINOR AVENUE NORTH, SEATTLE, WA 98109
Signed the 990
SUSAN BOYD, CHIEF EXECUTIVE OFFICER
Phone
(206) 623-0506
Return prepared by
NOVOGRADAC & COMPANY LLP

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2025

Program accomplishments

  • SEE SCHEDULE O
  • SEE SCHEDULE O
    Expenses $51,320,406 · revenue $32,097,440
  • SEE SCHEDULE O
    Expenses $3,450,970 · revenue $9,396,764
  • BELLWETHER HOUSING PROVIDES FEE-BASED TECHNICAL ASSISTANCE TO HELP OTHER NON-PROFITS CREATE AFFORDABLE HOUSING FOR THEIR RESPECTIVE MARKETS. SERVICES INCLUDE CONSULTING IN THE AREAS OF DEVELOPMENT, PROPERTY MANAGEMENT AND ASSET MANAGEMENT. ADDITIONALLY, BELLWETHER PROVIDES FEE-BASED OPERATIONAL MANAGEMENT SERVICES TO ITS LIHTC PARTNERS IN THE BUILDING AND DELIVERY OF AFFORDABLE HOUSING.
    Expenses $862,742 · revenue -$23,155

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
91-1116960
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1980
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$400,398,309
Income (IRS master file)
$71,049,045

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$65,307,433$62,125,606$400,398,309XML
990-TDecember 2025–––IRS
990December 2024$51,340,734$60,695,123$387,796,292XML
990-TDecember 2024–––IRS
990December 2023$49,789,985$54,125,481$394,705,233XML
990-TDecember 2023–––IRS
990December 2022$47,333,047$46,466,375$381,603,055IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

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 91-1116960).

Questions about BELLWETHER HOUSING

What is the EIN of BELLWETHER HOUSING?
The employer identification number (EIN) of BELLWETHER HOUSING is 91-1116960.
Is BELLWETHER HOUSING tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
Are donations to BELLWETHER HOUSING tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BELLWETHER HOUSING 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 BELLWETHER HOUSING 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 BELLWETHER HOUSING 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 BELLWETHER HOUSING?
The 990 for the year ended December 31, 2025 names SUSAN BOYD.
Who are the officers and directors of BELLWETHER HOUSING?
The 990 for the year ended December 31, 2025 lists 26 people; 10 received compensation from the organization, the highest $386,225 (SUSAN BOYD, CHIEF EXECUTIVE OFFICER).
How much revenue does BELLWETHER HOUSING have?
On its 990 for the year ended December 31, 2025 it reported revenue of $65,307,433, expenses of $62,125,606 and total assets of $400,398,309 at year end.

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