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Nonprofit · EIN 91-1551154

SPOKANE HOUSING VENTURES

Tax-exempt · SPOKANE, WA 99207

Financials

$5.5M$7.7M2022
Revenue Expenses · by fiscal year end
Financials of SPOKANE HOUSING VENTURES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2022990 (amended)$5,468,799$7,737,410-$2,268,611$42,061,119$40,734,901$1,326,218
Financial details: 990 for the year ended December 31, 2022

Revenue

Contributions, gifts and grants
$20,000
Program service revenue
$5,140,575
Investment income
$34,936
Other revenue
$273,288

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,119,808
Salaries, compensation and benefits (total)
$1,423,292
Professional fundraising fees
$0
Legal fees
$290,933
Depreciation
$1,481,675
Program services (functional)
$7,333,074
Management and general (functional)
$404,336

Balance sheet and other

Total assets, start of year
$41,846,446
Total assets, end of year
$42,061,119
Total liabilities, end of year
$40,734,901
Net assets, end of year
$1,326,218
Land, buildings and equipment
$31,024,633
Net assets without donor restrictions
$1,326,218
Gross receipts
$5,468,799
Employees
92
Year formed
1992
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, 2022, highest compensation first.

NameTitleHours / weekCompensation
SPENCER GARDNERREAL EST COM
Trustee or director
2$0
PAUL HAWKINSDIRECTOR
Trustee or director
2$0
KEITH KELLEYPAST PRESIDE
Trustee or director, Officer
2$0
STEVE MCBRIDEPRESIDENT
Trustee or director, Officer
2$0
BETHANY PASHELTREASURER
Trustee or director, Officer
2$0
DIANNE QUASTVICE PRESIDE
Trustee or director, Officer
2$0
BETSY WILKERSONDIRECTOR
Trustee or director
2$0
STEVE WILLIAMSSECRETARY
Trustee or director, Officer
2$0
LEROY EADIEEXECUTIVE DI
Officer
40$0
JOYCE SAISBURY-DICKSONCFO
Officer
40$0
HALONA THOMPSONVP HOUSING F
Officer
40$0

Address and contacts

Address (IRS master file)
2001 N DIVISION ST STE 100, SPOKANE, WA 99207-2280
Principal officer (990 for 2022)
STEVE MCBRIDE, C/O SPOKANE HOUSING VENTURES, SPOKANE, WA 99207
Signed the 990
HALONA THOMPSON, VP HOUSING FINANCE
Phone
(509) 232-0170
Return prepared by
WSRP LLC

Mission

OUR MISSION IS TO PRESERVE EXISTING AND DEVELOP NEW INNOVATIVE HOUSING OPTIONS FOR FAMILIES AND INDIVIDUALS, PRIMARILY THOSE WITH LIMITED INCOMES AND DISABILITIES, AND TO HELP RESIDENTS ACCESS SUPPORTIVE SERVICES TO ACHIEVE SELF-SUFFICIENCY.

990 for the year ended December 31, 2022

Program accomplishments

  • OPERATION AND MANAGEMENT OF LOW INCOME HOUSING RENTAL PROPERTIES - PROGRAM EXPENSES ARE RELATED TO AFFORDABLE HOUSING PROPERTIES OWNED OR MANAGED BY SHV. SHV OWNS 100% OF VARIOUS PROPERTIES THROUGHOUT THE SPOKANE, MEDICAL LAKE, AND DAVENPORT COMMUNITIES. SHV ALSO OWNS AN INTEREST IN TAX CREDIT LIMITED PARTNERSHIPS AND LIMITED LIABILITY COMPANIES OF VARIOUS SIZES. SHV MANAGES ALL OF THE TAX CREDIT PROPERTIES. SHV PURCHASED A COMMERCIAL OFFICE BUILDING IN 2015. THE BUILDING IS OWNED TO SERVE AS A CORPORATE HEADQUARTERS FOR SHV STAFF. RENTAL INCOME WILL BE RECOGNIZED FOR PARTS OF THE BUILDING THAT SHV DOES NOT OCCUPY.
    Expenses $7,333,074 · revenue $5,468,799
  • INVESTMENT LOSS ON TAX CREDIT LIMITED PARTNERSHIPS AND SIMILAR ENTITIES WHICH ARE OWNED ONLY 0.01% BY SHV. THE PROPERTIES PROVIDE LOW INCOME HOUSING IN THE COMMUNITY THROUGH WASHINGTON STATE LOW INCOME HOUSING TAX CREDIT PROGRAMS. PROGRAM EXPENSES ARE RELATED TO SHV'S EXEMPT PURPOSE TO PROVIDE AFFORDABLE OPPORTUNITIES IN THE COMMUNITY. INVESTMENTS IN LOW INCOME HOUSING PARTNERSHIPS AND LLCS PROVIDE ADDITIONAL AFFORDABLE HOUSING UNITS OWNED BY DIFFERENT SIMILAR STRUCTURED ENTITIES, AS NOTED ABOVE. IN ADDITION, SHV IS AN ADMINISTRATIVE LIMITED PARTNER OR MEMBER WITH AN INTEREST OF 0.001% IN ADDITIONAL PROPERTIES PROVIDING HOUSING IN WASHINGTON, IDAHO AND MONTANA.
  • SHV HAS 100% CONTROL OF NORTHWEST ASSOCIATION FOR HOUSING AFFORDABILITY (NAHA), A 501(C)(3) ORGANIZATION. NAHA OWNS OR HAS 100% CONTROL OF TEN RESIDENTIAL PROPERTIES. NAHA HAS A 50% OWNERSHIP INTEREST IN LIMITED LIABILITY COMPANIES THAT OWN FOUR RESIDENTIAL PROPERTIES. NAHA HAS A .05% INTEREST IS A TAX CREDIT LIMITED LIABILITY COMPANY. PROGRAM EXPENSES ARE RELATED NAHA AND SHV'S TAX EXEMPT PURPOSE TO PROVIDE AFFORDABLE OPPORTUNITIES IN THE COMMUNITY.

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, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024Not on file

At risk of automatic revocation

None of the last three returns is in the IRS public files. The IRS revokes tax-exempt status after three consecutive years without a return. Recent filings can take a few weeks to appear.

IRS record

EIN
91-1551154
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
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$42,061,119
Income (IRS master file)
$5,468,799

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2022$5,468,799$7,737,410$42,061,119IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––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 91-1551154).

Questions about SPOKANE HOUSING VENTURES

What is the EIN of SPOKANE HOUSING VENTURES?
The employer identification number (EIN) of SPOKANE HOUSING VENTURES is 91-1551154.
Is SPOKANE HOUSING VENTURES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to SPOKANE HOUSING VENTURES tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SPOKANE HOUSING VENTURES 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 SPOKANE HOUSING VENTURES due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SPOKANE HOUSING VENTURES last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2022.
Who is the principal officer of SPOKANE HOUSING VENTURES?
The 990 for the year ended December 31, 2022 names STEVE MCBRIDE.
Who are the officers and directors of SPOKANE HOUSING VENTURES?
The 990 for the year ended December 31, 2022 lists 11 people; 0 received compensation from the organization.
How much revenue does SPOKANE HOUSING VENTURES have?
On its 990 for the year ended December 31, 2022 it reported revenue of $5,468,799, expenses of $7,737,410 and total assets of $42,061,119 at year end.

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