Nonprofit · EIN 94-3110312
IMAGINE HOUSING
Also known as YICHUAN ZHAO DIR
Tax-exempt · BELLEVUE, WA 98005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $12,041,245 | $10,585,009 | $1,456,236 | $53,078,363 | $34,416,082 | $18,662,281 |
| December 31, 2023 | 990 | $9,068,385 | $9,384,170 | -$315,785 | $51,744,121 | $34,261,306 | $17,482,815 |
| December 31, 2022 | 990 (amended) | $9,827,542 | $8,381,363 | $1,446,179 | $46,915,219 | $29,117,978 | $17,797,241 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,144,204
- of which government grants
- $2,641,205
- Program service revenue
- $6,357,164
- Investment income
- $14,022
- Net rental income
- $618,251
- Net gain from sales of assets
- -$2,061
- Net income from fundraising events
- -$92,396
- Other revenue
- $525,855
Expenses
- Grants and similar amounts paid
- $66,710
- Other salaries and wages
- $4,349,646
- Salaries, compensation and benefits (total)
- $5,108,961
- Professional fundraising fees
- $0
- Legal fees
- $64,486
- Accounting fees
- $80,397
- Occupancy
- $1,041,930
- Travel
- $5,319
- Depreciation
- $1,269,148
- Program services (functional)
- $8,748,972
- Management and general (functional)
- $1,326,282
- Fundraising (functional)
- $509,755
Balance sheet and other
- Total assets, start of year
- $51,744,121
- Total assets, end of year
- $53,078,363
- Total liabilities, end of year
- $34,416,082
- Net assets, end of year
- $18,662,281
- Land, buildings and equipment
- $37,884,823
- Net assets without donor restrictions
- $18,208,299
- Net assets with donor restrictions
- $453,982
- Gross receipts
- $12,188,588
- Employees
- 43
- Volunteers
- 0
- Year formed
- 1989
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| YICHUAN ZHAO | PRESIDENT Officer | 36 | $187,749 | $20,595 |
| TROY DRAWZ | VP OF REAL ESTATE DE Highest-paid employee | 40 | $159,207 | $0 |
| ZEE PETERS | VP OF ADVANCEMENT Highest-paid employee | 40 | $144,167 | $0 |
| EUNICE SPRINGS | VP OF PEOPLE & CULTU Highest-paid employee | 40 | $140,704 | $0 |
| KRISTIN GRANSTRAND | DIRECTOR OF RESIDENT SERVICES (FORMER) Highest-paid employee | 40 | $134,482 | $0 |
| GISELLE AGUILAR | VP OF SPECIAL INITIATIVES Highest-paid employee | 40 | $126,556 | $0 |
| SHAWNA BINNING | VP OF FINANCE (PART-YEAR) Officer | 36 | $62,872 | $6,934 |
| STEVEN WHITE | FORMER DIRECTOR OF FINANCE (PART YEAR) Officer | 36 | $36,119 | $3,452 |
| LAURA COUGHLIN | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DENILLE BEZEMER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DIANE PIETROWSKI | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| SAGHAR AMINI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CAROLYN FERRIS | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| KASHIF ZAHOOR | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| PENNY MARIE CURRY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMBER WALSH | BOARD MEMBER Trustee or director | 1 | $0 |
| EVAN CHAN | BOARD MEMBER Trustee or director | 1 | $0 |
| PETER TRAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JACKIE FRANK | FORMER BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| YICHUN ZHAO | EXECUTIVE DIRECTOR Officer | 36 | $182,740 | $20,000 |
| TROY DRAWZ | DIRECTOR OF REAL ESTATE DEVELOPMENT Highest-paid employee | 32 | $156,123 | $0 |
| EUNICE SPRINGS | DIRECTOR OF PEOPLE & CULTURE Highest-paid employee | 40 | $138,065 | $0 |
| SUE BLIVEN | CONTROLLER Highest-paid employee | 36 | $107,959 | $2,132 |
| ZEE PETERS | DIRECTOR OF ADVANCEMENT Highest-paid employee | 40 | $103,883 | $0 |
| STEVEN WHITE | DIRECTOR OF FINANCE Officer | 36 | $75,831 | $7,692 |
| CAROLYN FERRIS | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| KASHIF ZAHOOR | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| DIANE PIETROWSKI | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LAURA COUGHLIN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| PENNY MARIE CURRY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACKIE FRANK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DENILLE BEZEMER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AMBER WALSH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EVAN CHAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PETER TRAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MOLLY JUDGE | DIRECTOR OF ADVANCEMENT Highest-paid employee | 40 | $128,450 | $0 | $9,876 |
| SEAN HERON | PRESIDENT & CEO Officer | 36 | $129,786 | $1,318 | $0 |
| TROY DRAWZ | DIRECTOR OF REAL ESTATE DEVELOPMENT Highest-paid employee | 32 | $101,283 | $27,237 | $0 |
| EUNICE SPRINGS | DIRECTOR OF PEOPLE & CULTURE Highest-paid employee | 40 | $112,286 | $0 | $12,492 |
| SUE BLIVEN | CONTROLLER Highest-paid employee | 36 | $101,944 | $5,880 | $12,320 |
| HANA NGUYEN | DIRECTOR OF FINANCE Officer | 36 | $38,144 | $4,000 | $6,548 |
| YICHUAN ZHAO | EXECUTIVE DIRECTOR Officer | 36 | $25,271 | $2,308 | $2,421 |
| CAROLYNN FERRIS | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 | $0 |
| DIANE PIETROWSKI | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| KASHIF ZAHOOR | VICE-PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LAURA COUGHLIN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| PENNY MARIE CURRY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JACKIE FRANK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAYME LONGORIA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NAM NGUYEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1722 138TH PL NE, BELLEVUE, WA 98005-2367
- Principal officer (990 for 2024)
- SHAWNA BINNING, 1722 138TH PLACE NE, BELLEVUE, WA 98005
- Signed the 990
- SHAWNA BINNING, VP OF FINANCE
- Phone
- (425) 576-5190
- Website
- WWW.IMAGINEHOUSING.ORG
- Return prepared by
- DAUBY O'CONNOR & ZALESKI LLC
Mission
TO DEVELOP AFFORDABLE HOUSING, BUILD WELCOMING COMMUNITIES AND FOSTER VIBRANT FUTURES.
Program accomplishments
- OUR WORK STARTED OVER 35 YEARS AGO IN RESPONSE TO THE GROWING ECONOMIC INEQUITIES FACED BY LOW-INCOME HOUSEHOLDS IN EAST KING COUNTY, OUR FOUNDERS REALIZED THAT PERMANENT AFFORDABLE HOUSING WAS THE MOST COST-EFFECTIVE, LONG-TERM SOLUTION TO DISPLACEMENT, HOMELESSNESS, AND POVERTY IN THE REGION. SINCE THEN, OUR WORK HAS EXPANDED FROM A VOLUNTEER RUN ORGANIZATION WITH 18 AFFORDABLE APARTMENTS TO A HIGHLY RESPECTED ORGANIZATION PROVIDING 639 PERMANENT LOW-INCOME APARTMENT HOMES. IN 2009, WE IMPLEMENTED ON-SITE SUPPORTIVE RESIDENT SERVICES TO MEET THE GROWING NEED FOR ADDITIONAL RESOURCES TO ENSURE HOUSEHOLD STABILITY AND SELF-SUFFICIENCY.IMAGINE HOUSING SERVES LOW-INCOME FAMILIES AND SENIORS WITH AFFORDABLE, SERVICE-ENRICHED HOUSING IN THE EASTSIDE COMMUNITIES OF BELLEVUE, REDMOND, ISSAQUAH, KIRKLAND, MERCER ISLAND, SAMMAMISH, AND SOON IN BOTHELL. ONE-QUARTER OF THE HOMES SERVE FAMILIES AND SENIORS COMINGDIRECTLY FROM HOMELESSNESS. WE PRACTICE HOUSING FIRST AND WORK TO REMOVE ALL BARRIERS TO HOUSING AND HOUSING STABILITY. IMAGINE HOUSING SERVES OVER 1,400 LOW AND VERY LOW-INCOME INDIVIDUALS, INCLUDING 383 CHILDREN, 416 SENIORS AND 49 VETERANS. 225 APARTMENTS ACROSS OUR PORTFOLIO ARE RESERVED FOR FAMILIES AND SENIORS COMING FROM HOMELESSNESS WITH COORDINATED ENTRY FOR ALL (CEA) REFERRALS OR SECTION 8 VOUCHERS, INCLUDING HOUSING CHOICE, PROJECTBASED AND VASH. THE AVERAGE HOUSEHOLD INCOME OF IMAGINE HOUSING RESIDENTS IS $27,980 PER YEAR. 62% OF HOUSEHOLDS IDENTIFY AS PEOPLE OF COLOR AND 29% REPORT THAT A MEMBER OF THE HOUSEHOLD IS LIVING WITH A DISABILITY.Expenses $8,748,972 · grants $66,710 · revenue $6,980,075
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 | Not 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
- 94-3110312
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $53,078,363
- Income (IRS master file)
- $12,188,588
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $12,041,245 | $10,585,009 | $53,078,363 | XML |
| 990 | December 2023 | $9,068,385 | $9,384,170 | $51,744,121 | XML |
| 990 | December 2022 | $9,827,542 | $8,381,363 | $46,915,219 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 94-3110312).
Questions about IMAGINE HOUSING
- What is the EIN of IMAGINE HOUSING?
- The employer identification number (EIN) of IMAGINE HOUSING is 94-3110312.
- Is IMAGINE HOUSING tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to IMAGINE HOUSING tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IMAGINE 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 IMAGINE HOUSING 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 IMAGINE HOUSING last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IMAGINE HOUSING?
- The 990 for the year ended December 31, 2024 names SHAWNA BINNING.
- Who are the officers and directors of IMAGINE HOUSING?
- The 990 for the year ended December 31, 2024 lists 19 people; 8 received compensation from the organization, the highest $187,749 (YICHUAN ZHAO, PRESIDENT).
- How much revenue does IMAGINE HOUSING have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $12,041,245, expenses of $10,585,009 and total assets of $53,078,363 at year end.
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