Civic Intelligence

Wa Sang Foundation

990 • Fiscal year 2020 • EIN 94-3113810

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

Organization ProfileN/A
657 South King Street Apt 209Seattle, WA 98104

(206) 622-2032

Siviq Scores

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

Liabilities / Assets

86th percentile

0.65x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

4.99x

Higher debt load relative to revenue than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

15th percentile

-21%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

65th percentile

14%

Faster asset growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-23%

Faster revenue growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$3,352,775

Up $400,614 (+14%) from 2019

Net Assets

Up

$1,164,047

Up $245,023 (+27%) from 2019

Liabilities

Up

$2,188,728

Up $155,591 (+7.7%) from 2019

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin15th percentile

Revenue

Down

$438,710

Down $130,267 (-23%) from 2019

Expenses

Up

$529,857

Up $13,369 (+2.6%) from 2019

Net Income

Down

-$91,147

Down $143,636 (-274%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,195,730Liabilities 2011: $2,398,068Net Assets 2011: -$202,3382011Assets 2012: $2,246,001Liabilities 2012: $2,399,233Net Assets 2012: -$153,2322012Assets 2013: $2,458,996Liabilities 2013: $2,400,022Net Assets 2013: $58,9742013Assets 2014: $2,579,334Liabilities 2014: $2,025,850Net Assets 2014: $553,4842014Assets 2015: $2,510,301Liabilities 2015: $2,032,689Net Assets 2015: $477,6122015Assets 2016: $2,559,109Liabilities 2016: $2,030,938Net Assets 2016: $528,1712016Assets 2017: $2,768,815Liabilities 2017: $2,034,246Net Assets 2017: $734,5692017Assets 2018: $2,689,189Liabilities 2018: $2,036,230Net Assets 2018: $652,9592018Assets 2019: $2,952,161Liabilities 2019: $2,033,137Net Assets 2019: $919,0242019Assets 2020: $3,352,775Liabilities 2020: $2,188,728Net Assets 2020: $1,164,0472020Assets 2021: $3,494,140Liabilities 2021: $2,234,500Net Assets 2021: $1,259,6402021Assets 2022: $2,965,328Liabilities 2022: $2,183,053Net Assets 2022: $782,2752022Assets 2023: $3,263,332Liabilities 2023: $2,187,084Net Assets 2023: $1,076,2482023Assets 2024: $3,526,209Liabilities 2024: $2,183,784Net Assets 2024: $1,342,4252024

Highlighted filing

2020

Assets$3,352,775
Liabilities$2,188,728
Net Assets$1,164,047
Open 2020 Filing

Operations Trend

Revenue Growth21st percentile

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

$1.0M$500K$0-$500KExpenses 2011: $242,3532011Revenue 2012: $405,220Expenses 2012: $418,694Net Income 2012: -$13,4742012Revenue 2013: $551,097Expenses 2013: $434,419Net Income 2013: $116,6782013Revenue 2014: $864,362Expenses 2014: $428,287Net Income 2014: $436,0752014Revenue 2015: $474,063Expenses 2015: $424,325Net Income 2015: $49,7382015Revenue 2016: $496,880Expenses 2016: $446,526Net Income 2016: $50,3542016Revenue 2017: $427,449Expenses 2017: $452,739Net Income 2017: -$25,2902017Revenue 2018: $862,130Expenses 2018: $476,110Net Income 2018: $386,0202018Revenue 2019: $568,977Expenses 2019: $516,488Net Income 2019: $52,4892019Revenue 2020: $438,710Expenses 2020: $529,857Net Income 2020: -$91,1472020Revenue 2021: $620,068Expenses 2021: $595,017Net Income 2021: $25,0512021Revenue 2022: $705,432Expenses 2022: $494,917Net Income 2022: $210,5152022Revenue 2023: $501,476Expenses 2023: $486,150Net Income 2023: $15,3262023Revenue 2024: $742,796Expenses 2024: $613,848Net Income 2024: $128,9482024

Highlighted filing

2020

Revenue$438,710
Expenses$529,857
Net Income-$91,147
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.0
Gross Receipts
$2,283,193
Mission and Program Overview

Mission

LOW INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,414,591$2,726,957▲ $312,366
Land, Buildings, and Equipment, Net$418,307$319,805▼ $98,502
Cash and Non-Interest-Bearing Accounts-$149,900-
Savings and Temporary Cash Investments$103,994$134,161▲ $30,167
Accounts Receivable$3,861$18,261▲ $14,400
Prepaid Expenses and Deferred Charges$8,388$671▼ $7,717
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,952,161$3,352,775▲ $400,614
Other Assets Total$3,020$3,020→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,011,489$2,011,489→ $0
Unsecured Notes Loans Payable-$149,900-
Other Liabilities$19,157$16,944▼ $2,213
Accounts Payable and Accrued Expenses$2,491$10,395▲ $7,904
Total Liabilities$2,033,137$2,188,728▲ $155,591
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$919,024$1,164,047▲ $245,023
Total Net Assets Fund Balance$919,024$1,164,047▲ $245,023
Total Liabilities and Net Assets / Fund Balance$2,952,161$3,352,775▲ $400,614

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$151,723$2,326,795$2,478,518
Other Land Buildings$168,082$145,549$313,631
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Will SpiessPresident
Ling ChinnDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$135,776
Program Service Revenue
$353,361
Investment Income
$-54,240
Other Revenue
$3,813
All Other Contributions
$135,776
Change in Net Assets
$-91,147

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$135,776
Total Noncash Contributions1$135,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$519,722
Salaries, Compensation, and Employee Benefits$10,135
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$135,776--$135,776
Occupancy$52,500$52,500-$105,000
Depreciation Depletion$97,988--$97,988
Fees for Services Management$51,341--$51,341
Insurance$33,046--$33,046
Fees for Service Investment Mgmnt Fees-$20,900-$20,900
Payroll Taxes$5,673--$5,673
Other Employee Benefits$4,462--$4,462
Office Expenses$2,231$2,231-$4,462
Other Expenses$4,031--$4,031
All Other Expenses$3,560--$3,560
Fees for Services Accounting$1,151--$1,151
Total Functional Expenses$454,226$75,631$0$529,857
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gin Holdings LLCLing ChinnLease RentNo$105,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenants Deposits in Trust$16,944
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Related party information among officers -ling chinn: mother-in-law of will spiesswill spiess: son-in-law of ling chinn”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Organization's process to review form 990 - a copy of form 990 is provided to the president for review prior to signing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents disclosure explanation -the document can be obtained upon request”

Filing and Contact Details

Filer

Filer Name
Wa Sang Foundation
EIN
94-3113810
Phone
2066222032
Address
657 SOUTH KING STREET APT 209, SEATTLE, WA 98104

Signing Officer

Name
Ling Chinn
Title
Director
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ling Chinn
Formed
1989
Legal Domicile
Wa
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Jeffrey M Wilson PS
Address
15215 52nd Ave S 9, Tukwila, WA 98188
Preparer
Jeffrey M Wilson
Phone
2062822727
Raw XML AppendixShowing 400 of 407 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02491
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt010395
IRS990/AccountsReceivableGrp/BOYAmt03861
IRS990/AccountsReceivableGrp/EOYAmt018261
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0LOW INCOME HOUSING
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt0135776
IRS990/AllOtherExpensesGrp/ProgramServicesAmt03560
IRS990/AllOtherExpensesGrp/TotalAmt03560
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0LING CHINN
IRS990/BooksInCareOfDetail/PhoneNum02066222032
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0657 S KING ST 209
IRS990/BooksInCareOfDetail/USAddress/CityNm0SEATTLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd098104
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/EOYAmt0149900
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0135776
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-54240
IRS990/CYOtherExpensesAmt0519722
IRS990/CYOtherRevenueAmt03813
IRS990/CYProgramServiceRevenueAmt0353361
IRS990/CYRevenuesLessExpensesAmt0-91147
IRS990/CYSalariesCompEmpBnftPaidAmt010135
IRS990/CYTotalExpensesAmt0529857
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0438710
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt097988
IRS990/DepreciationDepletionGrp/TotalAmt097988
IRS990/Desc0THE REX APARTMENTS PROVIDE 30 UNITS OF LOW INCOME HOUSING.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0454226
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01151
IRS990/FeesForServicesAccountingGrp/TotalAmt01151
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt051341
IRS990/FeesForServicesManagementGrp/TotalAmt051341
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt020900
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt020900
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0LING CHINN
IRS990/Form990PartVIISectionAGrp/PersonNm1WILL SPIESS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0-115326
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01729157
IRS990/GrossReceiptsAmt02283193
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt033046
IRS990/InsuranceGrp/TotalAmt033046
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt0135776
IRS990/InterestGrp/TotalAmt0135776
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt061086
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt061086
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02414591
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02726957
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02472344
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0418307
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0319805
IRS990/LandBldgEquipCostOrOtherBssAmt02792149
IRS990/LegalDomicileStateCd0WA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01844483
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0LOW INCOME HOUSING
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02011489
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02011489
IRS990/NetAssetsOrFundBalancesBOYAmt0919024
IRS990/NetAssetsOrFundBalancesEOYAmt01164047
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-115326
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-115326
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0336170
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0919024
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01164047
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0135776
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt052500
IRS990/OccupancyGrp/ProgramServicesAmt052500
IRS990/OccupancyGrp/TotalAmt0105000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02231
IRS990/OfficeExpensesGrp/ProgramServicesAmt02231
IRS990/OfficeExpensesGrp/TotalAmt04462
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03020
IRS990/OtherAssetsTotalGrp/EOYAmt03020
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04462
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04462
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIRS
IRS990/OtherExpensesGrp/Desc2ELEVATOR MAINT & REPAIRS
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ProgramServicesAmt033890
IRS990/OtherExpensesGrp/ProgramServicesAmt122500
IRS990/OtherExpensesGrp/ProgramServicesAmt26077
IRS990/OtherExpensesGrp/ProgramServicesAmt34031
IRS990/OtherExpensesGrp/TotalAmt033890
IRS990/OtherExpensesGrp/TotalAmt122500
IRS990/OtherExpensesGrp/TotalAmt26077
IRS990/OtherExpensesGrp/TotalAmt34031
IRS990/OtherLiabilitiesGrp/BOYAmt019157
IRS990/OtherLiabilitiesGrp/EOYAmt016944
IRS990/OtherRevenueMiscGrp/Desc0DAMAGES & CLEANING FEES
IRS990/OtherRevenueMiscGrp/Desc1LATE CHARGES
IRS990/OtherRevenueMiscGrp/Desc2LAUNDRY/VENDING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0979
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1288
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt22546
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0979
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1288
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt22546
IRS990/OtherRevenueTotalAmt03813
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt05673
IRS990/PayrollTaxesGrp/TotalAmt05673
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08388
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0671
IRS990/PrincipalOfficerNm0LING CHINN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0353361
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0353361
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0152326
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt078746
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0511013
IRS990/PYOtherRevenueAmt05686
IRS990/PYProgramServiceRevenueAmt0332219
IRS990/PYRevenuesLessExpensesAmt052489
IRS990/PYSalariesCompEmpBnftPaidAmt05475
IRS990/PYTotalExpensesAmt0516488
IRS990/PYTotalRevenueAmt0568977
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-91147
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0353361
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0103994
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0134161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0135776
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0152326
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0135776
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0135776
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0135776
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0695430
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt061086
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt071831
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt049165
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt042354
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt051315
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0275751
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.71610
IRS990ScheduleA/PublicSupportPY170Pct00.72460
IRS990ScheduleA/PublicSupportTotal170Amt0695430
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0135776
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0152326
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0135776
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0135776
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0135776
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0695430
IRS990ScheduleA/TotalSupportAmt0971181
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0151723
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02326795
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02478518
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0168082
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0145549
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0313631
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016944
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS DEPOSITS IN TRUST
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0319805
IRS990ScheduleD/TotalLiabilityAmt016944
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0GIN HOLDINGS LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0LING CHINN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0105000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEASE RENT
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SCHEDULE L, PART V - ADDITIONAL INFORMATIONSCHEDULE L, PART IV, BUSINESS TRANSACTION INVOLVING INTERESTED PERSONS:A) NAME OF PERSON: GIN HOLDINGS, LLCB) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: OWNED BY LING CHINN, DIRECTORC) AMOUNT OF TRANSACTION: $105,000D) DESCRIPTION OF TRANSACTION: LEASE RENT PAID FROM WA SANG FOUNDATION TO GIN HOLDINGS FOR USE OF REX BUILDING'S RESIDENTIAL UNITS.E) SHARING OF ORGANIZATION REVENUES?: NO
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0135776
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RELATED PARTY INFORMATION AMONG OFFICERS -LING CHINN: MOTHER-IN-LAW OF WILL SPIESSWILL SPIESS: SON-IN-LAW OF LING CHINN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION'S PROCESS TO REVIEW FORM 990 - A COPY OF FORM 990 IS PROVIDED TO THE PRESIDENT FOR REVIEW PRIOR TO SIGNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS DISCLOSURE EXPLANATION -THE DOCUMENT CAN BE OBTAINED UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02952161
IRS990/TotalAssetsEOYAmt03352775
IRS990/TotalAssetsGrp/BOYAmt02952161
IRS990/TotalAssetsGrp/EOYAmt03352775
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0135776
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt075631
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0454226
IRS990/TotalFunctionalExpensesGrp/TotalAmt0529857
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02033137
IRS990/TotalLiabilitiesEOYAmt02188728
IRS990/TotalLiabilitiesGrp/BOYAmt02033137
IRS990/TotalLiabilitiesGrp/EOYAmt02188728
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0919024
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01164047
IRS990/TotalProgramServiceExpensesAmt0454226
IRS990/TotalProgramServiceRevenueAmt0353361
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0302934
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0438710
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02952161
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03352775
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0149900
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0657 S KING ST 209
IRS990/USAddress/CityNm0SEATTLE
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098114
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LING CHINN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WA SANG FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0WASA
ReturnHeader/Filer/EIN0943113810
ReturnHeader/Filer/PhoneNum02066222032
ReturnHeader/Filer/USAddress/AddressLine1Txt0657 SOUTH KING STREET APT 209
ReturnHeader/Filer/USAddress/CityNm0SEATTLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098104
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0911274993
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jeffrey M Wilson PS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015215 52nd Ave S 9
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tukwila
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098188
ReturnHeader/PreparerPersonGrp/PhoneNum02062822727
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY M WILSON

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,352,775
Liabilities
$2,188,728
Net assets
$1,164,047
Revenue
$438,710
Expenses
$529,857
Net income
-$91,147
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.53$2.18$1.34$0.74$0.61$0.13
2023Detailed filing. Detailed filing data is available for this year.$3.26$2.19$1.08$0.50$0.49$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.97$2.18$0.78$0.71$0.49$0.21
2021Detailed filing. Detailed filing data is available for this year.$3.49$2.23$1.26$0.62$0.60$0.03
2020Detailed filing. Detailed filing data is available for this year.$3.35$2.19$1.16$0.44$0.53$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.95$2.03$0.92$0.57$0.52$0.05
2018Detailed filing. Detailed filing data is available for this year.$2.69$2.04$0.65$0.86$0.48$0.39
2017Detailed filing. Detailed filing data is available for this year.$2.77$2.03$0.73$0.43$0.45$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.56$2.03$0.53$0.50$0.45$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.51$2.03$0.48$0.47$0.42$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.58$2.03$0.55$0.86$0.43$0.44
2013Summary only. Only limited summary data is available for this year.$2.46$2.40$0.06$0.55$0.43$0.12
2012Summary only. Only limited summary data is available for this year.$2.25$2.40$0.15$0.41$0.42$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$2.40$0.20$0.24