Civic Intelligence

Sound Foundations Nw

990 • Fiscal year 2022 • EIN 85-3697725

Jan 01, 2022 to Dec 31, 2022 • Filed on May 05, 2023

Organization ProfileWWW.SOUNDFOUNDATIONSNW.ORG
17837 1st Ave S Ste 217Normandy Park, WA 98148

(253) 217-8620

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

58th percentile

11%

Higher net margin than 58% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

94th percentile

128%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

86th percentile

81%

Faster revenue growth than 86% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$139,676

Up $78,517 (+128%) from 2021

Net Assets

Up

$139,676

Up $78,517 (+128%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin58th percentile

Revenue

Up

$709,770

Up $317,858 (+81%) from 2021

Expenses

Up

$631,253

Up $300,500 (+91%) from 2021

Net Income

Up

$78,517

Up $17,358 (+28%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$800K$600K$400K$200K$0Assets 2021: $61,159Liabilities 2021: $0Net Assets 2021: $61,1592021Assets 2022: $139,676Liabilities 2022: $0Net Assets 2022: $139,6762022Assets 2023: $177,963Liabilities 2023: $0Net Assets 2023: $177,9632023Assets 2024: $679,339Liabilities 2024: $0Net Assets 2024: $679,3392024

Highlighted filing

2022

Assets$139,676
Liabilities$0
Net Assets$139,676
Open 2022 Filing

Operations Trend

Revenue Growth86th percentile

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

$1.0M$500K$0Revenue 2021: $391,912Expenses 2021: $330,753Net Income 2021: $61,1592021Revenue 2022: $709,770Expenses 2022: $631,253Net Income 2022: $78,5172022Revenue 2023: $630,083Expenses 2023: $591,796Net Income 2023: $38,2872023Revenue 2024: $834,439Expenses 2024: $333,063Net Income 2024: $501,3762024

Highlighted filing

2022

Revenue$709,770
Expenses$631,253
Net Income$78,517
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 5, 2023
Return Version
2022v5.0
Gross Receipts
$709,770
Mission and Program Overview

Mission

Sound poundations nw builds tiny traditional homes for the homeless. Providing a way to get the homeless off the streets and into a space that is warm, safe and dry until they can get premanent housing.

Sound foundations nw builds tiny transitional homes for the homeless. Getting the homeless off the streets into a warm, safe, dry space until they can get permanent housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$61,159$139,676▲ $78,517
Rtn Earn Endowment Incm Other Fnds$61,159$139,676▲ $78,517
Total Assets$61,159$139,676▲ $78,517
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$61,159$139,676▲ $78,517
Total Liabilities and Net Assets / Fund Balance$61,159$139,676▲ $78,517
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Barb OliverPresident
Beatice Van TulerBoard of Director
Tom LennonSecretary
Bruce DevereauxTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$709,770
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$709,770
Change in Net Assets
$78,517
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$631,253
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$631,253--$631,253
Total Functional Expenses$631,253$0$0$631,253
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Sound Foundations Nw
EIN
85-3697725
Phone
2532178620
Address
17837 1ST AVE S STE 217, Normandy Park, WA 98148

Signing Officer

Name
Barb Oliver
Title
President
Phone
2532178620
Signed
2023-05-05
Discuss with paid preparer
No

Organization Details

Principal Officer
Barb Oliver
Formed
2020
Legal Domicile
Wa
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
5,503

Preparer

Firm
Hrb Tax Group Inc
Address
22021 7TH AVE S, DES MOINES, WA 98198
Preparer
Erin Robinson
Phone
2068248000
Supplemental Narrative

Additional Explanations

Part 2 Line 4

“Provided 131 finished tiny homes to low income housing”

Raw XML Appendix247 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/AllOtherContributionsAmt0709770
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02020
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
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IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0709770
IRS990/GroupExemptionNum00501
IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndependentAuditFinclStmtInd0false
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IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/IRPDocumentCnt00
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IRS990/LicensedMoreThanOneStateInd0false
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesBOYAmt061159
IRS990/NetAssetsOrFundBalancesEOYAmt0139676
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART 2 LINE 4
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02532178620
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-05
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ReturnHeader/Filer/BusinessNameControlTxt0SOUN
ReturnHeader/Filer/EIN0853697725
ReturnHeader/Filer/PhoneNum02532178620
ReturnHeader/Filer/USAddress/AddressLine1Txt017837 1ST AVE S STE 217
ReturnHeader/Filer/USAddress/CityNm0Normandy Park
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ReturnHeader/Filer/USAddress/ZIPCd098148
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098198
ReturnHeader/PreparerPersonGrp/PhoneNum02068248000
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Erin Robinson
ReturnHeader/ReturnTs02023-05-08T21:51:47Z
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BARB
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OLIVER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$139,676
Liabilities
$0
Net assets
$139,676
Revenue
$709,770
Expenses
$631,253
Net income
$78,517
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.79$0.00$6.79$8.34$3.33$5.01
2023Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$6.30$5.92$0.38
2022Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$7.10$6.31$0.79
2021Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$3.92$3.31$0.61