Civic Intelligence

Housing Resources Bainbridge

EIN 95-0068013 • 501(c)3 • Bainbridge Island, WA

Profile

To preserve the diversity and vitality of Bainbridge Island by providing and maintaining affordable housing opportunities in the community.

PO Box 11391Bainbridge Island, WA 98110

www.housingresourcesboard.org

Siviq Scores

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

Liabilities / Assets

50th percentile

0.17x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.43x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

94th percentile

70%

Higher net margin than 94% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

94th percentile

59%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

218%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$14,842,975

Up $5,510,133 (+59%) from 2023

Liabilities

Up

$2,550,402

Up $1,343,454 (+111%) from 2023

Net Assets

Up

$12,292,573

Up $4,166,679 (+51%) from 2023

Revenue

Up

$5,972,158

Up $4,096,067 (+218%) from 2023

Expenses

Down

$1,805,479

Down $13,131 (-0.7%) from 2023

Net Income

Up

$4,166,679

Up $4,109,198 (+7149%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $6,554,697Liabilities 2010: $2,473,638Net Assets 2010: $4,081,0592010Assets 2011: $7,740,876Liabilities 2011: $2,788,400Net Assets 2011: $4,952,4762011Assets 2012: $8,166,723Liabilities 2012: $2,641,442Net Assets 2012: $5,525,2812012Assets 2013: $7,502,267Liabilities 2013: $1,919,079Net Assets 2013: $5,583,1882013Assets 2014: $7,244,866Liabilities 2014: $1,956,314Net Assets 2014: $5,288,5522014Assets 2015: $7,928,497Liabilities 2015: $2,456,628Net Assets 2015: $5,471,8692015Assets 2016: $7,421,568Liabilities 2016: $2,341,567Net Assets 2016: $5,080,0012016Assets 2017: $6,896,690Liabilities 2017: $1,781,945Net Assets 2017: $5,114,7452017Assets 2018: $7,282,774Liabilities 2018: $1,057,409Net Assets 2018: $6,225,3652018Assets 2019: $7,596,410Liabilities 2019: $1,038,765Net Assets 2019: $6,557,6452019Assets 2020: $7,940,255Liabilities 2020: $1,052,850Net Assets 2020: $6,887,4052020Assets 2021: $8,136,820Liabilities 2021: $1,024,516Net Assets 2021: $7,112,3042021Assets 2022: $9,333,044Liabilities 2022: $1,264,631Net Assets 2022: $8,068,4132022Assets 2023: $9,332,842Liabilities 2023: $1,206,948Net Assets 2023: $8,125,8942023Assets 2024: $14,842,975Liabilities 2024: $2,550,402Net Assets 2024: $12,292,5732024

Highlighted filing

2024

Assets$14,842,975
Liabilities$2,550,402
Net Assets$12,292,573

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $707,9882010Expenses 2011: $1,214,6762011Revenue 2012: $3,493,889Expenses 2012: $2,925,773Net Income 2012: $568,1162012Revenue 2013: $3,008,580Expenses 2013: $2,907,817Net Income 2013: $100,7632013Revenue 2014: $857,482Expenses 2014: $1,152,118Net Income 2014: -$294,6362014Revenue 2015: $1,237,335Expenses 2015: $1,054,018Net Income 2015: $183,3172015Revenue 2016: $3,769,780Expenses 2016: $4,161,648Net Income 2016: -$391,8682016Revenue 2017: $1,571,293Expenses 2017: $1,536,549Net Income 2017: $34,7442017Revenue 2018: $2,122,262Expenses 2018: $1,011,642Net Income 2018: $1,110,6202018Revenue 2019: $1,377,006Expenses 2019: $1,044,726Net Income 2019: $332,2802019Revenue 2020: $1,511,940Expenses 2020: $1,182,180Net Income 2020: $329,7602020Revenue 2021: $1,791,113Expenses 2021: $1,566,214Net Income 2021: $224,8992021Revenue 2022: $2,544,768Expenses 2022: $1,588,659Net Income 2022: $956,1092022Revenue 2023: $1,876,091Expenses 2023: $1,818,610Net Income 2023: $57,4812023Revenue 2024: $5,972,158Expenses 2024: $1,805,479Net Income 2024: $4,166,6792024

Highlighted filing

2024

Revenue$5,972,158
Expenses$1,805,479
Net Income$4,166,679

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$2.55$12.3$5.97$1.81$4.17
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.33$1.21$8.13$1.88$1.82$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.33$1.26$8.07$2.54$1.59$0.96
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.14$1.02$7.11$1.79$1.57$0.22
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.94$1.05$6.89$1.51$1.18$0.33
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.60$1.04$6.56$1.38$1.04$0.33
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.28$1.06$6.23$2.12$1.01$1.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.90$1.78$5.11$1.57$1.54$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.42$2.34$5.08$3.77$4.16$0.39
2015Summary only. Only limited summary data is available for this year.$7.93$2.46$5.47$1.24$1.05$0.18
2014Detailed filing. Detailed filing data is available for this year.$7.24$1.96$5.29$0.86$1.15$0.29
2013Detailed filing. Detailed filing data is available for this year.$7.50$1.92$5.58$3.01$2.91$0.10
2012Summary only. Only limited summary data is available for this year.$8.17$2.64$5.53$3.49$2.93$0.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.74$2.79$4.95$1.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.55$2.47$4.08$0.71
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 25, 2025
Return Version
2024v5.1
Gross Receipts
$5,986,339
Mission and Program Overview

Mission

To preserve the diversity and vitality of Bainbridge Island by providing and maintaining affordable housing opportunities in the community.

The purpose of HRB is to preserve the diversity and vitality of Bainbridge Island by providing and maintaining affordable housing opportunities in the community. HRB envisions a diverse community where there are homes affordable to all. Working to accomplish this, HRB develops housing for and provides housing-related services for low-income and moderate-income families and individuals on Bainbridge Island.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,688,389$10,988,340▲ $5,299,951
Savings and Temporary Cash Investments$2,509,141$1,379,558▼ $1,129,583
Pledges and Grants Receivable$0$1,261,107▲ $1,261,107
Cash and Non-Interest-Bearing Accounts$545,542$230,523▼ $315,019
Other Notes and Loans Receivable, Net$138,367$97,359▼ $41,008
Accounts Receivable$90,411$60,231▼ $30,180
Prepaid Expenses and Deferred Charges$16,204$11,750▼ $4,454
Total Assets$9,332,842$14,842,975▲ $5,510,133
Other Assets Total$344,788$814,107▲ $469,319
Liabilities
Grants Payable$15,000$1,280,000▲ $1,265,000
Mortgage Notes Payable Secured by Investment Property$695,465$764,696▲ $69,231
Escrow Account Liability$201,191$236,586▲ $35,395
Other Liabilities$234,486$182,545▼ $51,941
Accounts Payable and Accrued Expenses$55,153$81,995▲ $26,842
Deferred Revenue$5,653$4,580▼ $1,073
Total Liabilities$1,206,948$2,550,402▲ $1,343,454
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,381,016$10,557,186▲ $4,176,170
Net Assets With Donor Restrictions$1,744,878$1,735,387▼ $9,491
Total Net Assets Fund Balance$8,125,894$12,292,573▲ $4,166,679
Total Liabilities and Net Assets / Fund Balance$9,332,842$14,842,975▲ $5,510,133

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,254,262$2,704,868$6,959,130
Land$6,419,590-$6,419,590
Leasehold Improvements$310,857$288,256$599,113
Equipment$3,631$92,073$95,704
Other Assets Org$163,538--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Siri KushnerChair
Norm LandryPast Chair
Laura Van DykeVice Chair
Brittany WisnerDirector
Kathy KalstrupDirector
Linda HinmanDirector
Mary GibbsDirector
Peter StieplemanDirector
Rachele TurnbullDirector
Stephanie FarquharDirector
Asaph GlosserSecretary
Jane StoneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,910,277
Program Service Revenue
$968,669
Investment Income
$107,393
Other Revenue
$-14,181
All Other Contributions
$1,296,358
Change in Net Assets
$4,166,679

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,972,158
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,972,158
Total Revenue per Form 990
$5,972,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$947,945
Salaries, Compensation, and Employee Benefits$857,534
Total Fundraising Expense$169,224
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$508,561$109,265$113,607$731,433
Depreciation Depletion$209,881$714$742$211,337
Other Employee Benefits$47,025$10,103$10,505$67,633
Payroll Taxes$40,653$8,734$9,081$58,468
Occupancy$34,109$7,328$7,619$49,056
Fees for Services Legal$45,500--$45,500
Information Technology$30,232$6,495$6,753$43,480
All Other Expenses$35,471$1,965$2,043$39,479
Other Expenses$37,739--$37,739
Insurance$20,133$4,326$4,498$28,957
Fees for Services Other$16,652$3,578$8,220$28,450
Office Expenses$16,565$3,559$3,700$23,824
Travel$10,994$2,362$2,456$15,812
Fees for Services Accounting-$15,000-$15,000
Interest$7,451--$7,451
Total Functional Expenses$1,462,826$173,429$169,224$1,805,479

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,805,479
Total Expenses per Audited Statements$1,805,479
Total Expenses per Form 990$1,805,479
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$14,181
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall event$350,172-$4,421-
Total Events$350,172-$14,181$-14,181
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease liability$182,545
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Executive Director reviews Form 990 before filing.

Form 990, Part VI, Section C, line 19

The Organization makes its governing documents and policies available to the public upon request. Audited financial statements and Form 990 are available on public websites.

Filing and Contact Details

Filer

Filer Name
Housing Resources Bainbridge
EIN
95-0068013
Phone
2068421909
Address
PO Box 11391, Bainbridge Island, WA 98110

Signing Officer

Name
Phedra Elliott
Title
Executive Director
Phone
2068421909
Signed
2025-04-25

Organization Details

Principal Officer
Phedra Elliott
Formed
1989
Legal Domicile
Wa
Voting Board Members
13
Independent Board Members
13
Employees
13
Volunteers
0

Preparer

Firm
Laura Lindal CPA
Address
5509 Canvasback Rd, Blaine, WA 98230
Preparer
Laura Lindal
Phone
2067348134
Supplemental Narrative

Financial Statement Notes

Part IV, Line 2B:

The Organization holds homeowner repair reserves on behalf of the owners. The Organization also holds tenant security deposits.

Part XII, Line 4B - Other Adjustments:

Note receivable adjustment

Raw XML AppendixShowing 400 of 520 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt055153
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt081995
IRS990/AccountsReceivableGrp/BOYAmt090411
IRS990/AccountsReceivableGrp/EOYAmt060231
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The purpose of HRB is to preserve the diversity and vitality of Bainbridge Island by providing and maintaining affordable housing opportunities in the community. HRB envisions a diverse community where there are homes affordable to all. Working to accomplish this, HRB develops housing for and provides housing-related services for low-income and moderate-income families and individuals on Bainbridge Island.
IRS990/AllOtherContributionsAmt01296358
IRS990/AllOtherExpensesGrp/FundraisingAmt02043
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01965
IRS990/AllOtherExpensesGrp/ProgramServicesAmt035471
IRS990/AllOtherExpensesGrp/TotalAmt039479
IRS990/AuditCommitteeInd00
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0The Organization
IRS990/BooksInCareOfDetail/PhoneNum02068421909
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 11391
IRS990/BooksInCareOfDetail/USAddress/CityNm0Bainbridge Island
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd098110
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
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IRS990/CashNonInterestBearingGrp/BOYAmt0545542
IRS990/CashNonInterestBearingGrp/EOYAmt0230523
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt0350172
IRS990/CreditCounselingInd01
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IRS990/CYContributionsGrantsAmt04910277
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0107393
IRS990/CYOtherExpensesAmt0947945
IRS990/CYOtherRevenueAmt0-14181
IRS990/CYProgramServiceRevenueAmt0968669
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IRS990/CYSalariesCompEmpBnftPaidAmt0857534
IRS990/CYTotalExpensesAmt01805479
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IRS990/CYTotalRevenueAmt05972158
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IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt0742
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0714
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0209881
IRS990/DepreciationDepletionGrp/TotalAmt0211337
IRS990/Desc0Rental Housing - HRB owns and manages eight residential properties, and is the managing member of Winslow Terrace LLC, which owns one residential property, for a combined total of 103 rental units of affordable housing.
IRS990/DescribedInSection501c3Ind01
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IRS990/DonorRstrOrQuasiEndowmentsInd00
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IRS990/EmploymentTaxReturnsFiledInd01
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IRS990/ExpenseAmt01010998
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt015000
IRS990/FeesForServicesAccountingGrp/TotalAmt015000
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt045500
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IRS990/FeesForServicesOtherGrp/TotalAmt028450
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0Norm Landry
IRS990/Form990PartVIISectionAGrp/PersonNm1Stephanie Farquhar
IRS990/Form990PartVIISectionAGrp/PersonNm2Asaph Glosser
IRS990/Form990PartVIISectionAGrp/PersonNm3Peter Stiepleman
IRS990/Form990PartVIISectionAGrp/PersonNm4Laura Van Dyke
IRS990/Form990PartVIISectionAGrp/PersonNm5Kathy Kalstrup
IRS990/Form990PartVIISectionAGrp/PersonNm6Siri Kushner
IRS990/Form990PartVIISectionAGrp/PersonNm7Rachele Turnbull
IRS990/Form990PartVIISectionAGrp/PersonNm8Brittany Wisner
IRS990/Form990PartVIISectionAGrp/PersonNm9Jane Stone
IRS990/Form990PartVIISectionAGrp/PersonNm10Linda Hinman
IRS990/Form990PartVIISectionAGrp/PersonNm11Mary Gibbs
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt9Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
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IRS990/MissionDesc0The purpose of HRB is to preserve the diversity and vitality of Bainbridge Island by providing and maintaining affordable housing opportunities in the community. HRB envisions a diverse community where there are homes affordable to all. Working to accomplish this, HRB develops housing for and provides housing-related services for low-income and moderate-income families and individuals on Bainbridge Island.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Homeownership - Permanently affordable homeownership opportunities at HRB include 40 homes at Ferncliff Village, 2 units at Sparrows Condominiums, 2 units at Wallace Cottages, and 17 units at Wintergreen Townhomes.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Independent Living - HRB assists individuals with specialized needs to make necessary improvements to their homes so they may continue to live independently.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Tenant & Community Resources - HRB provides assistance, resources and referrals to families and individuals in need of housing solutions.
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