Civic Intelligence

First a M E Housing Association

EIN 91-1148798 • 501(c)3 • Seattle, WA

Profile

Provision of affordable housing to low and moderate income families and the elderly

1801 East Yesler WaySeattle, WA 98122

n/A

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

8th percentile

0.01x

Higher debt load relative to revenue than 8% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

97th percentile

88%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

96th percentile

72%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

417%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$33,646,943

Up $14,046,096 (+72%) from 2023

Liabilities

Down

$142,328

Down $624,016 (-81%) from 2023

Net Assets

Up

$33,504,615

Up $14,670,112 (+78%) from 2023

Revenue

Up

$16,584,333

Up $13,379,029 (+417%) from 2023

Expenses

Down

$1,914,214

Down $773,599 (-29%) from 2023

Net Income

Up

$14,670,119

Up $14,152,628 (+2735%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $2,384,555Liabilities 2010: $878,126Net Assets 2010: $1,506,4292010Assets 2011: $2,406,829Liabilities 2011: $528,202Net Assets 2011: $1,878,6272011Assets 2012: $2,465,051Liabilities 2012: $365,455Net Assets 2012: $2,099,5962012Assets 2013: $2,522,878Liabilities 2013: $304,194Net Assets 2013: $2,218,6842013Assets 2014: $2,607,108Liabilities 2014: $304,368Net Assets 2014: $2,302,7402014Assets 2015: $2,705,543Liabilities 2015: $307,522Net Assets 2015: $2,398,0212015Assets 2016: $2,594,833Liabilities 2016: $429,948Net Assets 2016: $2,164,8852016Assets 2017: $3,495,116Liabilities 2017: $270,135Net Assets 2017: $3,224,9812017Assets 2018: $4,882,333Liabilities 2018: $642,575Net Assets 2018: $4,239,7582018Assets 2019: $6,510,795Liabilities 2019: $1,321,652Net Assets 2019: $5,189,1432019Assets 2020: $8,060,730Liabilities 2020: $1,901,776Net Assets 2020: $6,158,9542020Assets 2021: $7,193,916Liabilities 2021: $442,737Net Assets 2021: $6,751,1792021Assets 2022: $19,532,975Liabilities 2022: $3,357,765Net Assets 2022: $16,175,2102022Assets 2023: $19,600,847Liabilities 2023: $766,344Net Assets 2023: $18,834,5032023Assets 2024: $33,646,943Liabilities 2024: $142,328Net Assets 2024: $33,504,6152024

Highlighted filing

2024

Assets$33,646,943
Liabilities$142,328
Net Assets$33,504,615

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,049,6462010Expenses 2011: $1,030,5232011Expenses 2012: $1,032,8162012Revenue 2013: $1,226,726Expenses 2013: $1,107,638Net Income 2013: $119,0882013Revenue 2014: $1,209,986Expenses 2014: $1,095,930Net Income 2014: $114,0562014Revenue 2015: $1,241,868Expenses 2015: $1,106,587Net Income 2015: $135,2812015Revenue 2016: $1,222,419Expenses 2016: $1,420,555Net Income 2016: -$198,1362016Revenue 2017: $2,187,637Expenses 2017: $1,107,541Net Income 2017: $1,080,0962017Revenue 2018: $2,196,796Expenses 2018: $1,283,588Net Income 2018: $913,2082018Revenue 2019: $2,268,986Expenses 2019: $1,319,601Net Income 2019: $949,3852019Revenue 2020: $2,562,567Expenses 2020: $1,592,756Net Income 2020: $969,8112020Revenue 2021: $2,370,228Expenses 2021: $1,839,904Net Income 2021: $530,3242021Revenue 2022: $10,980,310Expenses 2022: $1,556,272Net Income 2022: $9,424,0382022Revenue 2023: $3,205,304Expenses 2023: $2,687,813Net Income 2023: $517,4912023Revenue 2024: $16,584,333Expenses 2024: $1,914,214Net Income 2024: $14,670,1192024

Highlighted filing

2024

Revenue$16,584,333
Expenses$1,914,214
Net Income$14,670,119

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.6$0.14$33.5$16.6$1.91$14.7
2023Summary only. Only limited summary data is available for this year.$19.6$0.77$18.8$3.21$2.69$0.52
2022Summary only. Only limited summary data is available for this year.$19.5$3.36$16.2$11.0$1.56$9.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.19$0.44$6.75$2.37$1.84$0.53
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.06$1.90$6.16$2.56$1.59$0.97
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.51$1.32$5.19$2.27$1.32$0.95
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.88$0.64$4.24$2.20$1.28$0.91
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.50$0.27$3.22$2.19$1.11$1.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.59$0.43$2.16$1.22$1.42$0.20
2015Summary only. Only limited summary data is available for this year.$2.71$0.31$2.40$1.24$1.11$0.14
2014Summary only. Only limited summary data is available for this year.$2.61$0.30$2.30$1.21$1.10$0.11
2013Detailed filing. Detailed filing data is available for this year.$2.52$0.30$2.22$1.23$1.11$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$0.37$2.10$1.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$0.53$1.88$1.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.88$1.51$1.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 30, 2025
Return Version
2024v5.0
Gross Receipts
$16,859,792
Mission and Program Overview

Mission

Provision of affordable housing to low and moderate income families and the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$10,415,387$24,235,387▲ $13,820,000
Land, Buildings, and Equipment, Net$643,423$3,740,571▲ $3,097,148
Savings and Temporary Cash Investments$4,098,434$2,929,288▼ $1,169,146
Accounts Receivable$195,207$739,837▲ $544,630
Cash and Non-Interest-Bearing Accounts$283,946$143,264▼ $140,682
Prepaid Expenses and Deferred Charges$56,639$24,844▼ $31,795
Total Assets$19,600,847$33,646,943▲ $14,046,096
Other Assets Total$3,907,811$1,833,752▼ $2,074,059
Liabilities
Accounts Payable and Accrued Expenses$645,968$105,203▼ $540,765
Other Liabilities$68,316$28,253▼ $40,063
Deferred Revenue$52,060$8,872▼ $43,188
Total Liabilities$766,344$142,328▼ $624,016
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,009,381$31,554,615▲ $15,545,234
Net Assets With Donor Restrictions$2,825,122$1,950,000▼ $875,122
Total Net Assets Fund Balance$18,834,503$33,504,615▲ $14,670,112
Total Liabilities and Net Assets / Fund Balance$19,600,847$33,646,943▲ $14,046,096

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,662,722$1,370,448$5,033,170
Other Land Buildings$2,538$268,258$270,796
Land$75,194-$75,194
Equipment$117$26,119$26,236
Other Assets Org$100--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Roxanne BuchananPresident
Camille JenkinsDirector
Larry GilmoreDirector
Linda CollinsDirector
Ross HaynesDirector
Simeon RhodenDirector
Harold WrightSecretary
Marcus PriceTreasurer
Larry LandryVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,950,000
Program Service Revenue
$2,220,023
Investment Income
$12,414,310
Other Revenue
$0
All Other Contributions
$1,950,000
Change in Net Assets
$14,670,119

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,584,333
Total Revenue per Audited Statements
$16,584,333
Total Revenue per Form 990
$16,584,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,157,958
Salaries, Compensation, and Employee Benefits$756,256
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$628,853--$628,853
Fees for Services Accounting$148,464--$148,464
All Other Expenses$143,970--$143,970
Insurance$141,332--$141,332
Office Expenses$93,489--$93,489
Other Expenses$91,235--$91,235
Fees for Services Management$73,333--$73,333
Other Employee Benefits$66,743--$66,743
Depreciation Depletion$65,056--$65,056
Payroll Taxes$60,660--$60,660
Fees for Services Legal$12,004--$12,004
Conferences and Meetings$2,296--$2,296
Total Functional Expenses$1,914,214$0$0$1,914,214

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,914,214
Total Expenses per Audited Statements$1,914,214
Total Expenses per Form 990$1,914,214
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
Security Deposits$28,253
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

First ame housing association does not have members or stockholders. Instead, all operations are managed by the board of directors selected on a bi-annual schedule.

Form 990, Page 6, Part VI, Line 7A

The officers of the board of directors shall be elected annually by the board of directors at the annual meeting of the board of directors. If the election of officers does not take place at the annual meeting, the board shall elect officers as soon thereafter as convenient. Each officer shall hold office until his or her successor has been elected.

Form 990, Page 6, Part VI, Line 7B

All governance decisions are made by the board of directors in accordance with the bylaws and articles of incorporation.

Form 990, Page 6, Part VI, Line 11B

Review is done by treasurer. The treasurer is the leader of the finance committee. The submission of the 990 falls under the responsibilities of the finance committee.

Form 990, Page 6, Part VI, Line 19

Governing documents disclosure explanation not available to public.

Filing and Contact Details

Filer

Filer Name
First Ame Housing Association
EIN
91-1148798
Phone
2065103061
Address
1801 EAST YESLER WAY, SEATTLE, WA 98122
Doing Business As
Fame

Signing Officer

Name
Marcus Price
Title
Treasurer
Phone
2063241840
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roxanne Buchanan
Formed
1969
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
9
Employees
7

Preparer

Firm
LOVERIDGE HUNT & CO CPA'S
Address
14725 SE 36TH ST STE 401, BELLEVUE, WA 98006-1682
Preparer
Craig T Leong
Phone
4254532088
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

ROUNDING -7

Raw XML AppendixShowing 400 of 494 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.

Path#Value
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IRS990/DepreciationDepletionGrp/ProgramServicesAmt065056
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt167147
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt273056
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INTEREST RECEIVABLE - SPONSOR LOAN
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt01833752
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FIRST AME HOUSING ASSOCIATION DOES NOT HAVE MEMBERS OR STOCKHOLDERS. INSTEAD, ALL OPERATIONS ARE MANAGED BY THE BOARD OF DIRECTORS SELECTED ON A BI-ANNUAL SCHEDULE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICERS OF THE BOARD OF DIRECTORS SHALL BE ELECTED ANNUALLY BY THE BOARD OF DIRECTORS AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS. IF THE ELECTION OF OFFICERS DOES NOT TAKE PLACE AT THE ANNUAL MEETING, THE BOARD SHALL ELECT OFFICERS AS SOON THEREAFTER AS CONVENIENT. EACH OFFICER SHALL HOLD OFFICE UNTIL HIS OR HER SUCCESSOR HAS BEEN ELECTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNANCE DECISIONS ARE MADE BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH THE BYLAWS AND ARTICLES OF INCORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEW IS DONE BY TREASURER. THE TREASURER IS THE LEADER OF THE FINANCE COMMITTEE. THE SUBMISSION OF THE 990 FALLS UNDER THE RESPONSIBILITIES OF THE FINANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS DISCLOSURE EXPLANATION NOT AVAILABLE TO PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING -7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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