Imagine Housing

“The organization has delegated the management of its properties to allied residential, inc.”

“The number of directors was revised to not less than three and not more than seventeen.”

“There were no committees with the authority to act on behalf of the board.”

“The form 990 is reviewed by the controller, the director of finance and the executive director and is made available to the board of directors after it is filed.”

“The board reviews the conflict of interest policy on an annual basis, and each board member signs a statement of acknowledgment and compliance with imagine housing and affiliates' conflicts of interest policy that states they do not have a conflict of interest as defined in the policy. Also, if a potential conflict arises, the board member abstains from any discussion and/or vote on that issue. It is documented in the board minutes.”

“Salary surveys, such as the archbright salary survey of washington employers, are reviewed when making salary decisions. The board officers make decisions regarding the executive director's compensation, and the executive director and department directors/supervisors make decisions regarding compensation for other employees, which is documented in the board minutes. This process was last completed in 2022.”

“The audited financial information is available on the web through the wa secretary of state charitable solicitations and trusts. Imagine housing and affiliates posts its annual report on our website which includes financial information and contact information for those who want additional details. Financial information is also available through independent websites, such as guidestar.”

“Our work started over 35 years ago in response to the growing economic inequities faced by low-income households in east king county, our founders realized that permanent affordable housing was the most cost-effective, long-term solution to displacement, homelessness, and poverty in the region. Since then, our work has expanded from a volunteer run organization with 18 affordable apartments to a highly respected organization providing 639 permanent low-income apartment homes. In 2009, we implemented on-site supportive resident services to meet the growing need for additional resources to ensure household stability and self-sufficiency. Imagine housing serves low-income families and seniors with affordable, service-enriched housing in the eastside communities of bellevue, redmond, issaquah, kirkland, mercer island, sammamish, and soon in bothell. One-quarter of the homes serve families and seniors coming directly from homelessness. We practice housing first and work to remove all barriers to housing and housing stability. Imagine housing serves over 1,400 low and very low-income individuals, including 435 children, 306 seniors and 56 veterans. 225 apartments across our portfolio are reserved for families and seniors coming from homelessness with coordinated entry for all (cea) referrals or section 8 vouchers, including housing choice, project based and vash. The average household income of imagine housing residents is $24,113 per year. 50% of households identify as people of color and 14% report that a member of the household is living with a disability.”

“Change in value of split-interest agreement 1,203.”

“The process for overseeing and selecting an independent accountant has not changed from the prior year.”

“The form 990 is being amended to match the audited financial statements. The following schedules, parts, lines, etc. Are impacted by the amendment: form 990, page 1, blocks b, g form 990, part i, lines 4-5, 8-10, 12, 15, 17-22 form 990, part ii form 990, part iii, lines 4a, 4e form 990, part iv, line 12b form 990, part v, line 2a form 990, part vi, lines 1b, 20 form 990, part vii, section a form 990, part viii, lines 1e, 1h, 2a-2c, 2g, 3, 12 form 990, part ix, lines 7, 9-10, 11b-11c, 11f, 12-16, 19-20, 22-23, 24a-24b, 24e, 25 form 990, part x, lines 1, 4, 7, 9, 10a-10c, 13, 15-17, 21, 23, 25-28, 32-33 form 990, part xi, lines 1-3, 8-10 form 990, part xii, lines 2b-3b schedule a, part ii, lines 1, 4-8, 10-12, 14 schedule d, part vi, lines 11-1d schedule d, part viii schedule d, part x schedule j (removed) schedule r, part v, line 2”