Civic Intelligence

Methow Housing Trust

990 • Fiscal year 2024 • EIN 82-0855915

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 17, 2025

31 West Chewuch Road Suite 102Winthrop, WA 98862

(509) 996-5943

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

14th percentile

0.03x

Higher debt load relative to revenue than 14% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

97th percentile

85%

Higher net margin than 97% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

25th percentile

$114,290

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

12th percentile

-20%

Faster revenue growth than 12% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$17,270,551

Up $2,178,941 (+14%) from 2023

Net Assets

Up

$17,190,656

Up $2,697,170 (+19%) from 2023

Liabilities

Down

$79,895

Down $518,229 (-87%) from 2023

Revenue

Down

$3,141,628

Down $808,330 (-20%) from 2023

Expenses

Up

$483,750

Up $10,669 (+2.3%) from 2023

Net Income

Down

$2,657,878

Down $818,999 (-24%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2017: $1,355,590Liabilities 2017: $230,677Net Assets 2017: $1,124,9132017Assets 2018: $2,480,063Liabilities 2018: $231,206Net Assets 2018: $2,248,8572018Assets 2019: $3,014,655Liabilities 2019: $7,490Net Assets 2019: $3,007,1652019Assets 2020: $4,887,158Liabilities 2020: $13,958Net Assets 2020: $4,873,2002020Assets 2021: $11,994,977Liabilities 2021: $111,674Net Assets 2021: $11,883,3032021Assets 2022: $12,352,835Liabilities 2022: $270,005Net Assets 2022: $12,082,8302022Assets 2023: $15,091,610Liabilities 2023: $598,124Net Assets 2023: $14,493,4862023Assets 2024: $17,270,551Liabilities 2024: $79,895Net Assets 2024: $17,190,6562024

Highlighted filing

2024

Assets$17,270,551
Liabilities$79,895
Net Assets$17,190,656

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Revenue 2017: $1,178,403Expenses 2017: $53,490Net Income 2017: $1,124,9132017Revenue 2018: $1,266,016Expenses 2018: $142,072Net Income 2018: $1,123,9442018Revenue 2019: $960,572Expenses 2019: $196,126Net Income 2019: $764,4462019Revenue 2020: $2,080,404Expenses 2020: $214,369Net Income 2020: $1,866,0352020Revenue 2021: $7,216,454Expenses 2021: $226,351Net Income 2021: $6,990,1032021Revenue 2022: $1,707,052Expenses 2022: $1,451,951Net Income 2022: $255,1012022Revenue 2023: $3,949,958Expenses 2023: $473,081Net Income 2023: $3,476,8772023Revenue 2024: $3,141,628Expenses 2024: $483,750Net Income 2024: $2,657,8782024

Highlighted filing

2024

Revenue$3,141,628
Expenses$483,750
Net Income$2,657,878
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$6,309,649
Mission and Program Overview

Mission

The Methow Housing Trust develops and preserves affordable, quality housing for residents of the Methow Valley.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$6,428,624$5,451,205▼ $977,419
Land, Buildings, and Equipment, Net$4,381,165$5,181,889▲ $800,724
Inventories for Sale or Use$1,580,533$3,949,860▲ $2,369,327
Cash and Non-Interest-Bearing Accounts$1,033,301$2,225,738▲ $1,192,437
Accounts Receivable$1,187,149$0▼ $1,187,149
Investments Other Securities$455,110$435,879▼ $19,231
Prepaid Expenses and Deferred Charges$4,640$4,640→ $0
Other Notes and Loans Receivable, Net$2,559$2,811▲ $252
Total Assets$15,091,610$17,270,551▲ $2,178,941
Other Assets Total$18,529$18,529→ $0
Liabilities
Unsecured Notes Loans Payable$288,196$0▼ $288,196
Accounts Payable and Accrued Expenses$290,939$60,906▼ $230,033
Other Liabilities$18,989$18,989→ $0
Total Liabilities$598,124$79,895▼ $518,229
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,834,505$16,790,656▲ $2,956,151
Net Assets With Donor Restrictions$658,981$400,000▼ $258,981
Total Net Assets Fund Balance$14,493,486$17,190,656▲ $2,697,170
Total Liabilities and Net Assets / Fund Balance$15,091,610$17,270,551▲ $2,178,941

Asset Categories

AssetBook ValueDepreciationBasis
Land$5,181,889-$5,181,889
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Danica ReadyExecutive DirectorFT$114,290$114,290

Board Members and Trustees

NameTitle
Rocklynn CulpPresident
Don LinnertzVice President
Callie FinkDirector
Chris MooreDirector
Katie LeuthauserDirector
Laura GrignonDirector
Madeleine EckmannDirector
Nancy Nash MendezDirector
Phil DavisDirector
Teresa MitchellSecretary
John BlissTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,309,672
Program Service Revenue
$46,817
Investment Income
$16,585
Other Revenue
$-1,231,446
All Other Contributions
$4,309,672
Change in Net Assets
$2,657,878

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential2$1,090,000Fair Market Value (FMV)
Total Noncash Contributions2$1,090,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$356,279
Other Expenses$127,471
Total Fundraising Expense$33,715
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$157,558$19,214$15,372$192,144
Current Officers, Directors, Trustees, and Key Employees$76,573$21,878$10,939$109,390
Fees for Services Accounting-$35,730-$35,730
Other Employee Benefits$25,815$3,148$2,519$31,482
Payroll Taxes$19,076$2,326$1,861$23,263
Occupancy$11,346$10,697$650$22,693
Fees for Services Legal$13,322--$13,322
Travel$12,616--$12,616
Office Expenses$3,934$1,967$1,967$7,868
Insurance-$7,686-$7,686
Conferences and Meetings$2,068$2,068-$4,136
Fees for Services Other$4,048--$4,048
Advertising$2,365--$2,365
Information Technology$1,051$1,051-$2,102
Other Expenses$3,017$1,394$407$407
Total Functional Expenses$342,876$107,159$33,715$483,750
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Operating Lease Liabilities$18,989
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The members elect the members of the governing body.

Form 990, Part VI, Section A, Line 7A

Members vote for elections of officers.

Form 990, Part VI, Section A, Line 7B

Members vote to approve some types of policy changes.

Form 990, Part VI, Section B, Line 11B

Form 990 is provided to the executive committee for review before filing.

Form 990, Part VI, Section B, Line 12C

Board members read the conflict of interest policy then sign a document acknowledging that they have read the policy.

Form 990, Part VI, Section B, Line 15A

Executive committee recommends the executive director compensation, but the full board decides.

Form 990, Part VI, Section C, Line 19

Governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Methow Housing Trust
EIN
82-0855915
Phone
5099965943
Address
31 WEST CHEWUCH ROAD SUITE 102, WINTHROP, WA 98862

Signing Officer

Name
Simon Windell
Title
Chief Financial Officer
Phone
5099965943
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Simon Windell
Formed
2017
Legal Domicile
Wa
Voting Board Members
11
Independent Board Members
11
Employees
7
Volunteers
10

Preparer

Firm
Cordell Neher & Company Pllc
Address
PO BOX 3068, WENATCHEE, WA 98807-3068
Preparer
Sean M Patton CPA
Phone
5096631661
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt018529
IRS990/OtherAssetsTotalGrp/EOYAmt018529
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02519
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03148
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt025815
IRS990/OtherEmployeeBenefitsGrp/TotalAmt031482
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1MEMBER OUTREACH
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3FUNDRAISING
IRS990/OtherExpensesGrp/FundraisingAmt0407
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01394
IRS990/OtherExpensesGrp/ProgramServicesAmt010087
IRS990/OtherExpensesGrp/ProgramServicesAmt13017
IRS990/OtherExpensesGrp/TotalAmt010087
IRS990/OtherExpensesGrp/TotalAmt13017
IRS990/OtherExpensesGrp/TotalAmt21394
IRS990/OtherExpensesGrp/TotalAmt3407
IRS990/OtherLiabilitiesGrp/BOYAmt018989
IRS990/OtherLiabilitiesGrp/EOYAmt018989
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt015372
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt019214
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0157558
IRS990/OtherSalariesAndWagesGrp/TotalAmt0192144
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02559
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02811
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01861
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02326
IRS990/PayrollTaxesGrp/ProgramServicesAmt019076
IRS990/PayrollTaxesGrp/TotalAmt023263
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt06428624
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05451205
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04640
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04640
IRS990/PrincipalOfficerNm0SIMON WINDELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0230000
IRS990/ProgramServiceRevenueGrp/Desc0HOME OWNERSHIP FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt046817
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt046817
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05291417
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt051465
IRS990/PYOtherExpensesAmt098878
IRS990/PYOtherRevenueAmt0-1451811
IRS990/PYProgramServiceRevenueAmt058887
IRS990/PYRevenuesLessExpensesAmt03476877
IRS990/PYSalariesCompEmpBnftPaidAmt0374203
IRS990/PYTotalExpensesAmt0473081
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03949958
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02657878
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-3975
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0-1180209
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04309672
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05291417
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02168109
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt07451854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02702112
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt021923164
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt084604
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt037321
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt011348
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02028
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0795
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0136096
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07544401
IRS990ScheduleA/PublicSupportCY170Pct00.96850
IRS990ScheduleA/PublicSupportPY170Pct00.99660
IRS990ScheduleA/PublicSupportTotal170Amt021364349
IRS990ScheduleA/SubstantialContributorsTotAmt0558815
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04309672
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05291417
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02168109
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt07451854
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02702112
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt021923164
IRS990ScheduleA/TotalSupportAmt022059260
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/LandGrp/BookValueAmt05181889
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05181889
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018989
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RIGHT OF USE OPERATING LEASE LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05181889
IRS990ScheduleD/TotalLiabilityAmt018989
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateResidentialGrp/ContributionCnt02
IRS990ScheduleM/RealEstateResidentialGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/RealEstateResidentialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateResidentialGrp/NoncashContributionsRptF990Amt01090000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS VOTE FOR ELECTIONS OF OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS VOTE TO APPROVE SOME TYPES OF POLICY CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS READ THE CONFLICT OF INTEREST POLICY THEN SIGN A DOCUMENT ACKNOWLEDGING THAT THEY HAVE READ THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EXECUTIVE COMMITTEE RECOMMENDS THE EXECUTIVE DIRECTOR COMPENSATION, BUT THE FULL BOARD DECIDES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015091610
IRS990/TotalAssetsEOYAmt017270551
IRS990/TotalAssetsGrp/BOYAmt015091610
IRS990/TotalAssetsGrp/EOYAmt017270551
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04309672
IRS990/TotalEmployeeCnt07

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