Civic Intelligence

Seadrunar Properties

990 • Fiscal year 2023 • EIN 91-1051529

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

PO Box 80864Seattle, WA 98108

(206) 767-0244

Siviq Scores

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

Liabilities / Assets

64th percentile

0.32x

Higher debt load relative to assets than 64% of similar nonprofits.

2023 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

9.19x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2023

Net Margin

4th percentile

-393%

Higher net margin than 4% of similar nonprofits.

2023 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2023

Asset Growth

85th percentile

8.1%

Faster asset growth than 85% of similar nonprofits.

2023 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

19th percentile

-21%

Faster revenue growth than 19% of similar nonprofits.

2023 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,295,191

Up $171,359 (+8.1%) from 2022

Net Assets

Down

$1,570,468

Down $309,645 (-16%) from 2022

Liabilities

Up

$724,723

Up $481,004 (+197%) from 2022

Revenue

Down

$78,856

Down $21,242 (-21%) from 2022

Expenses

Up

$388,501

Up $170,016 (+78%) from 2022

Net Income

Down

-$309,645

Down $191,258 (-162%) from 2022

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,269,332Liabilities 2010: $137,342Net Assets 2010: $3,131,9902010Assets 2011: $3,167,597Liabilities 2011: $138,281Net Assets 2011: $3,029,3162011Assets 2012: $3,033,185Liabilities 2012: $140,420Net Assets 2012: $2,892,7652012Assets 2013: $2,892,642Liabilities 2013: $139,724Net Assets 2013: $2,752,9182013Assets 2014: $2,705,746Liabilities 2014: $97,706Net Assets 2014: $2,608,0402014Assets 2015: $2,912,259Liabilities 2015: $454,623Net Assets 2015: $2,457,6362015Assets 2016: $2,793,926Liabilities 2016: $452,382Net Assets 2016: $2,341,5442016Assets 2017: $2,680,357Liabilities 2017: $452,172Net Assets 2017: $2,228,1852017Assets 2018: $2,462,341Liabilities 2018: $296,755Net Assets 2018: $2,165,5862018Assets 2019: $2,408,956Liabilities 2019: $229,138Net Assets 2019: $2,179,8182019Assets 2020: $2,278,752Liabilities 2020: $233,815Net Assets 2020: $2,044,9372020Assets 2021: $2,234,737Liabilities 2021: $236,237Net Assets 2021: $1,998,5002021Assets 2022: $2,123,832Liabilities 2022: $243,719Net Assets 2022: $1,880,1132022Assets 2023: $2,295,191Liabilities 2023: $724,723Net Assets 2023: $1,570,4682023Assets 2024: $6,262,404Liabilities 2024: $4,955,536Net Assets 2024: $1,306,8682024

Highlighted filing

2023

Assets$2,295,191
Liabilities$724,723
Net Assets$1,570,468

Operations Trend

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

$400K$200K$0-$200K-$400KExpenses 2010: $209,3782010Expenses 2011: $212,6282011Expenses 2012: $216,6732012Revenue 2013: $75,815Expenses 2013: $215,662Net Income 2013: -$139,8472013Revenue 2014: $76,981Expenses 2014: $221,859Net Income 2014: -$144,8782014Revenue 2015: $86,271Expenses 2015: $236,675Net Income 2015: -$150,4042015Revenue 2016: $85,291Expenses 2016: $201,383Net Income 2016: -$116,0922016Revenue 2017: $82,850Expenses 2017: $196,209Net Income 2017: -$113,3592017Revenue 2018: $88,515Expenses 2018: $151,114Net Income 2018: -$62,5992018Revenue 2019: $161,138Expenses 2019: $146,906Net Income 2019: $14,2322019Revenue 2020: $101,627Expenses 2020: $168,356Net Income 2020: -$66,7292020Revenue 2021: $112,704Expenses 2021: $159,142Net Income 2021: -$46,4382021Revenue 2022: $100,098Expenses 2022: $218,485Net Income 2022: -$118,3872022Revenue 2023: $78,856Expenses 2023: $388,501Net Income 2023: -$309,6452023Revenue 2024: $73,722Expenses 2024: $337,322Net Income 2024: -$263,6002024

Highlighted filing

2023

Revenue$78,856
Expenses$388,501
Net Income-$309,645
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$78,856
Mission and Program Overview

Mission

This corporation is organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization which was organized to provide shelter, care, treatment, guidance and/or encouragement to persons using narcotics, and to assist in the rehabilitation of such persons.

Seadrunar properties is a not for profit real estate holding corporation for seattle drug and narcotic center, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,619,248$1,528,040▼ $91,208
Cash and Non-Interest-Bearing Accounts$63,906$401,351▲ $337,445
Prepaid Expenses and Deferred Charges$7,668$48,522▲ $40,854
Total Assets$2,123,832$2,295,191▲ $171,359
Other Assets Total$433,010$317,278▼ $115,732
Liabilities
Mortgage Notes Payable Secured by Investment Property-$700,000-
Other Liabilities$231,348$0▼ $231,348
Accounts Payable and Accrued Expenses$12,371$24,723▲ $12,352
Total Liabilities$243,719$724,723▲ $481,004
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,880,113$1,570,468▼ $309,645
Total Net Assets Fund Balance$1,880,113$1,570,468▼ $309,645
Total Liabilities and Net Assets / Fund Balance$2,123,832$2,295,191▲ $171,359

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$655,510$3,400,982$4,056,492
Land$872,237-$872,237
Other Land Buildings$293$26,929$27,222
Other Assets Org$40,515--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael OstacherPresident
Scott GiffordVice President
Aaron MaccoyAt Large
Jason VickersAt Large
Jon CafassoAt Large
Megan TrippAt Large
Monica RamseyAt Large
Patrick ArneyAt Large
Joseph BarrettCEO
Jennie LindbergSecretary
Mikel SamaniegoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$78,856
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-309,645

Audited Revenue Reconciliation

Revenue per Audited Statements
$78,856
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$78,856
Total Revenue per Form 990
$78,856
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$388,501
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
Depreciation Depletion---$91,206
Interest---$50,292
Occupancy---$46,113
Insurance---$37,700
Fees for Services Accounting---$24,741
Other Expenses---$18,370
Fees for Services Management---$14,500
Total Functional Expenses$0$0$0$388,501

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$388,501
Total Expenses per Audited Statements$388,501
Total Expenses per Form 990$388,501
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Joseph barrett and monica ramsey are in a relationship

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

The executive director and the contract cfo perform a detailed review of form 990 before it is presented to the board of directors. The board reviews and approves the tax return prior to filing.

Form 990, Part VI, Section C, Line 19

Documents are made available to members of the public upon request.

Filing and Contact Details

Filer

Filer Name
Seadrunar Properties
EIN
91-1051529
Phone
2067670244
Address
PO BOX 80864, SEATTLE, WA 98108

Signing Officer

Name
Joe Barrett
Title
Officer
Phone
2067670244
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Barrett
Formed
1978
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Smith Bunday Berman Britton Ps
Address
11808 NORTHUP WAY SUITE 240, BELLEVUE, WA 98005-1959
Preparer
Rob Klee
Phone
4258278255
Raw XML Appendix393 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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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt026929
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt027222
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt078856
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01528040
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0317278
IRS990ScheduleD/TotalExpensesPerForm990Amt0388501
IRS990ScheduleD/TotalRevenuePerForm990Amt078856
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt078856
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0388501
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SEATTLE DRUG & NARCOTIC CENTER INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON BOARD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SCHEDULE L, PART IV, BUSINESS TRANSATIONS INVOLVING INTERESTED PERSONS: (D) DESCRIPTION OF TRANSACTION: THE ORGANIZATION OWNS PROPERTY THAT IT LEASES TO SEATTLE DRUG AN NARCOTIC CENTER INC. FOR $1.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOSEPH BARRETT AND MONICA RAMSEY ARE IN A RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR AND THE CONTRACT CFO PERFORM A DETAILED REVIEW OF FORM 990 BEFORE IT IS PRESENTED TO THE BOARD OF DIRECTORS. THE BOARD REVIEWS AND APPROVES THE TAX RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE TO MEMBERS OF THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SEATTLE DRUG AND NARCOTIC CENTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237004247
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0502(C) (3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0REHABILITATION OF DRUG AND ALCOHOL DEPENDENT INDIVIDUALS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 80864
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SEATTLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd098108
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0240906
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt135857
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt21
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SEATTLE DRUG AND NARCOTIC CENTER INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1SEATTLE DRUG AND NARCOTIC CENTER INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2SEATTLE DRUG AND NARCOTIC CENTER INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2A
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02123832
IRS990/TotalAssetsEOYAmt02295191
IRS990/TotalAssetsGrp/BOYAmt02123832
IRS990/TotalAssetsGrp/EOYAmt02295191
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0388501
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0243719
IRS990/TotalLiabilitiesEOYAmt0724723
IRS990/TotalLiabilitiesGrp/BOYAmt0243719
IRS990/TotalLiabilitiesGrp/EOYAmt0724723
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01880113
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01570468
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0388501
IRS990/TotalProgramServiceRevenueAmt078856
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt078856
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt078856
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02123832
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02295191
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt019851 MARINE VIEW DR SW
IRS990/USAddress/CityNm0SEATTLE
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098166
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOE BARRETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02067670244
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEADRUNAR PROPERTIES
ReturnHeader/Filer/BusinessNameControlTxt0SEAD
ReturnHeader/Filer/EIN0911051529
ReturnHeader/Filer/PhoneNum02067670244
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 80864
ReturnHeader/Filer/USAddress/CityNm0SEATTLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098108
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0911275259
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH BUNDAY BERMAN BRITTON PS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011808 NORTHUP WAY SUITE 240
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BELLEVUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0980051959
ReturnHeader/PreparerPersonGrp/PhoneNum04258278255
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROB KLEE
ReturnHeader/ReturnTs02024-11-15T17:52:25-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.26$4.96$1.31$0.07$0.34$0.26
2023Detailed filing. Detailed filing data is available for this year.$2.30$0.72$1.57$0.08$0.39$0.31
2022Detailed filing. Detailed filing data is available for this year.$2.12$0.24$1.88$0.10$0.22$0.12
2021Detailed filing. Detailed filing data is available for this year.$2.23$0.24$2.00$0.11$0.16$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.28$0.23$2.04$0.10$0.17$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.41$0.23$2.18$0.16$0.15$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.46$0.30$2.17$0.09$0.15$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.68$0.45$2.23$0.08$0.20$0.11
2016Detailed filing. Detailed filing data is available for this year.$2.79$0.45$2.34$0.09$0.20$0.12
2015Detailed filing. Detailed filing data is available for this year.$2.91$0.45$2.46$0.09$0.24$0.15
2014Detailed filing. Detailed filing data is available for this year.$2.71$0.10$2.61$0.08$0.22$0.14
2013Detailed filing. Detailed filing data is available for this year.$2.89$0.14$2.75$0.08$0.22$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$0.14$2.89$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.17$0.14$3.03$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$0.14$3.13$0.21