Civic Intelligence

Homesight Community Development

EIN 82-4218470 • 501(c)3 • Seattle, WA

Profile

Hscd's primary purpose is to improve the physical, economic, and social environment of historically economically disadvantaged and depressed communitites in the puget sound region of king county, washington.

5117 Rainier Ave SSeattle, WA 98118

homesightwa.org/COMMUNITY-DEVELOPMENT

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.50x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

0.88x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

30th percentile

-4.4%

Higher net margin than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

67th percentile

11%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2024

Assets

Up

$3,455,081

Up $926,170 (+37%) from 2021

Liabilities

Down

$1,710,462

Down $818,449 (-32%) from 2021

Net Assets

Up

$1,744,619

Up $1,744,619 from 2021

Revenue

Up

$1,947,551

Up $1,947,551 from 2021

Expenses

Up

$2,033,429

Up $2,033,429 from 2021

Net Income

Down

-$85,878

Down $85,878 from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2019: $316,400Liabilities 2019: $316,400Net Assets 2019: $02019Assets 2020: $5,813,298Liabilities 2020: $5,813,298Net Assets 2020: $02020Assets 2021: $2,528,911Liabilities 2021: $2,528,911Net Assets 2021: $02021Assets 2024: $3,455,081Liabilities 2024: $1,710,462Net Assets 2024: $1,744,6192024

Highlighted filing

2024

Assets$3,455,081
Liabilities$1,710,462
Net Assets$1,744,619

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2024: $1,947,551Expenses 2024: $2,033,429Net Income 2024: -$85,8782024

Highlighted filing

2024

Revenue$1,947,551
Expenses$2,033,429
Net Income-$85,878

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$1,947,551
Mission and Program Overview

Mission

Hscd's primary purpose is to improve the physical, economic, and social environment of historically economically disadvantaged and depressed communitites in the puget sound region of king county, washington.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$3,150,926-
Accounts Receivable-$175,120-
Investments Program Related-$129,035-
Total Assets$0$3,455,081▲ $3,455,081
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,565,000-
Accounts Payable and Accrued Expenses-$87,153-
Other Liabilities$0$58,309▲ $58,309
Total Liabilities$0$1,710,462▲ $1,710,462
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$1,744,619-
Total Net Assets Fund Balance$0$1,744,619▲ $1,744,619
Total Liabilities and Net Assets / Fund Balance$0$3,455,081▲ $3,455,081
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Uche OkezieReal Estate Development DirectorFT$126,768$126,768
Sarah ValentaDirector of Community DevelopmentFT$115,630$115,630

Board Members and Trustees

NameTitle
Herman TamPresident & Treasurer
Jamaar SmileyBoard Member
Mickey RossBoard Member
Nadine MorganBoard Member
Nicole Bascomb GreeneBoard Member
Sean MckennaBoard Member
Steve WilliamsBoard Member
Terry MillerBoard Member
Juan CottoBoard Member (thru 09/24)
James DixonBoard Member (thru 10/24)
Tammie AndersDirector of Finance
Sekai SenwosretDirector of Resource Development
Darryl SmithExecutive Director
Talya MillerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,930,857
Program Service Revenue
$15,744
Investment Income
$0
Other Revenue
$950
All Other Contributions
$848,247
Change in Net Assets
$-85,878
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$933,055
Salaries, Compensation, and Employee Benefits$739,545
Other Expenses$360,829
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$911,805--$911,805
Other Salaries and Wages$592,244--$592,244
Fees for Services Other$185,598--$185,598
Other Employee Benefits$92,520--$92,520
Payroll Taxes$54,781--$54,781
Occupancy$51,798--$51,798
Other Expenses$22,495--$22,495
Grants to Domestic Individuals$21,250--$21,250
Travel$19,368--$19,368
Interest$6,968--$6,968
Depreciation Depletion$6,564--$6,564
Fees for Services Legal$5,723--$5,723
Fees for Services Accounting$704--$704
Total Functional Expenses$2,033,429$0$0$2,033,429
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Literacy SourceSeattle, WA501(c)(3)Ready to Work$268,510
Asian Counseling & Referral ServiceSeattle, WA501(c)(3)Ready to Work$211,107
Neighborhood HouseSeattle, WA501(c)(3)Ready to Work$73,555
Somali Community Services of SeattleSeattle, WA501(c)(3)Ready to Work$43,851
6645 South Prospect LLCTacoma, WA-Field Order 15 Disbursement$35,000
Alpha Sharp Development Partners IncLas Vegas, NV-Field Order 15 Disbursement$35,000
Build Mod LLCSeattle, WA-Field Order 15 Disbursement$35,000
Ccc Joint LLCTukwila, WA-Field Order 15 Disbursement$35,000
Impact Development Group LlpTacoma, WA-Field Order 15 Disbursement$35,000
Jle Development LLCTacoma, WA-Field Order 15 Disbursement$35,000
Louis Rudolph HomesPuyallup, WA-Field Order 15 Disbursement$35,000
Sustainabuildity LLCTacoma, WA-Field Order 15 Disbursement$35,000
C-trades IncGraham, WA-Field Order 15 Disbursement$21,250
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
Due To/due From Related Org$58,309
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Homesight appoints the board of directors for the filing organization.

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

The form 990 is provided to the finance committee for review prior to filing with the irs.

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

The corporation maintains a strict conflict of interest policy requiring board members with a potential interest in any contract to fully disclose the nature and facts of their interest to the board. Any director with a conflict must recuse themselves from all related discussions and votes, except to explain the relevant details of their interest. Approval of such contracts is only permitted by an absolute majority of disinterested directors present, and neither employees nor their immediate family members may serve on the board of directors.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Homesight Community Development
EIN
82-4218470
Phone
2067604215
Address
5117 RAINIER AVE S, SEATTLE, WA 98118

Signing Officer

Name
Darryl Smith
Title
Executive Director
Phone
2067604215
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darryl Smith
Formed
2017
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
11

Preparer

Firm
Clark Nuber Ps
Address
555 110TH AVE NE SUITE 700, BELLEVUE, WA 98004
Preparer
Megan R Ryan
Phone
4254544919
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 6:

Uncompensated board members volunteer their time.

Form 990, Part III, Line 2

See program service accomplishment narratives on line 4a and 4b.

FORM 990, PART XI, LINE 9:

Transfer from related organization 1,830,497.

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IRS990/MoreThan5000KToIndividualsInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01565000
IRS990/NetAssetsOrFundBalancesBOYAmt00
IRS990/NetAssetsOrFundBalancesEOYAmt01744619
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01744619
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt051798
IRS990/OccupancyGrp/TotalAmt051798
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt01830497
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt092520
IRS990/OtherEmployeeBenefitsGrp/TotalAmt092520
IRS990/OtherExpensesGrp/Desc0PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc1CREDIT LOSS (RECOVERY)
IRS990/OtherExpensesGrp/Desc2OTHER EMPLOYMENT COSTS
IRS990/OtherExpensesGrp/ProgramServicesAmt037714
IRS990/OtherExpensesGrp/ProgramServicesAmt123897
IRS990/OtherExpensesGrp/ProgramServicesAmt222495
IRS990/OtherExpensesGrp/TotalAmt037714
IRS990/OtherExpensesGrp/TotalAmt123897
IRS990/OtherExpensesGrp/TotalAmt222495
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt058309
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0950
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0950
IRS990/OtherRevenueTotalAmt0950
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0592244
IRS990/OtherSalariesAndWagesGrp/TotalAmt0592244
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt054781
IRS990/PayrollTaxesGrp/TotalAmt054781
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DARRYL SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522292
IRS990/ProgramServiceRevenueGrp/BusinessCd1522292
IRS990/ProgramServiceRevenueGrp/Desc0REAL ESTATE DEV. SVCS
IRS990/ProgramServiceRevenueGrp/Desc1LOAN AND SERVICING FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08423
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17321
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08423
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17321
IRS990/ProgSrvcAccomActy2Grp/Desc0REAL ESTATE DEVELOPMENT PROJECTS HAVE REVITALIZED NEIGHBORHOODS AND BUSINESS DISTRICTS. REAL ESTATE DEVELOPMENT IS CURRENTLY SERVING AS THE LEAD DEVELOPER FOR THE OTHELLO SQUARE PROJECT, A UNIQUELY INTEGRATED, CULTURALLY COMPETENT, AND WELCOMING GATEWAY CENTER LOCATED IN THE HEART OF THE OTHELLO NEIGHBORHOOD.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01000100
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0350000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt015744
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-85878
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2024 AMOUNT: $ 950.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01930857
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01930857
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt015744
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0950
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0950
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96260
IRS990ScheduleA/PublicSupportTotal170Amt01859493
IRS990ScheduleA/SubstantialContributorsTotAmt071364
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01930857
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01930857
IRS990ScheduleA/TotalSupportAmt01931807
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/OtherLiabilitiesOrgGrp/Amt058309
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO/DUE FROM RELATED ORG
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt058309
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt021250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FIELD ORDER 15 DISBURSEMENT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990ScheduleI/RecipientTable/CashGrantAmt0268510
IRS990ScheduleI/RecipientTable/CashGrantAmt1211107
IRS990ScheduleI/RecipientTable/CashGrantAmt243851
IRS990ScheduleI/RecipientTable/CashGrantAmt373555
IRS990ScheduleI/RecipientTable/CashGrantAmt435000
IRS990ScheduleI/RecipientTable/CashGrantAmt535000
IRS990ScheduleI/RecipientTable/CashGrantAmt635000
IRS990ScheduleI/RecipientTable/CashGrantAmt735000
IRS990ScheduleI/RecipientTable/CashGrantAmt821250
IRS990ScheduleI/RecipientTable/CashGrantAmt935000
IRS990ScheduleI/RecipientTable/CashGrantAmt1035000
IRS990ScheduleI/RecipientTable/CashGrantAmt1135000
IRS990ScheduleI/RecipientTable/CashGrantAmt1235000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt90
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt100
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt110
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt120
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0READY TO WORK
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1READY TO WORK
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2READY TO WORK
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3READY TO WORK
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4FIELD ORDER 15 DISBURSEMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5FIELD ORDER 15 DISBURSEMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6FIELD ORDER 15 DISBURSEMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7FIELD ORDER 15 DISBURSEMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8FIELD ORDER 15 DISBURSEMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9FIELD ORDER 15 DISBURSEMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10FIELD ORDER 15 DISBURSEMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11FIELD ORDER 15 DISBURSEMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12FIELD ORDER 15 DISBURSEMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LITERACY SOURCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ASIAN COUNSELING & REFERRAL SERVICE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2SOMALI COMMUNITY SERVICES OF SEATTLE

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