Funders

Finances

Statements of Financial Position for 2016

Statements of Activities

Revenue

$97,424

$10,087

$494,819

$136,660

$16,731

$32,832

$788,553

12%

1%

63%

17%

2%

4%

100%

McKinney Grant Income

Contributions

Residential Rent

Rent Subsidies – Section 8

Management Fees

Other Revenue

Total Revenue

Expenses

$180,013

$119,781

$29,196

$17,374

$43,270

$134,616

$59,051

$5,189

$4,159

$7,706

$12,941

$613,296

$384,510

$997,806

29%

20%

5%

3%

7%

22%

10%

1%

1%

1%

2%

100%

Salaries/Benefits

Utilities

Insurance/Taxes

Interest

Accounting/Audit

Maintenance

Case Management

Office

Professional Fees

Training/Travel

Advertising/Other

Total Expenses

Depreciation

Total

 Assets

$134,641

$715,963

32663

$39,793

$11,354,733

$47,588

$379,750

$478,624

$152,408

$118,645

$467,971

$13,922,779

Cash and Cash Equivalents

Cash Reserves

Prrepaid Assets

Receivables Rents and Security Deposits

Buildings and Improvements

Construction in Progress

Equipment and Furniture

Land

Investment in LLC

Accrued Interest Receivable – Affiliate

Notes-Receivable – Affiliate

Total Assets

Updated June 2017

2016

Revenue

Total: $788,553

Expenses

Total: $613,296

(Depreciation: $997,806)

Funding Sources and Levels of Support

Pear Tree Place III

(18 one-, 4 two-bedrooms and 2 studios; Permanent)

$2,500,000

$350,000

$324,000

$197,978

$179,847

$3,552,825

Feb 2013

Jan 2013

Sept 2013

Jan 2013

Ongoing

Commerce Housing Trust Fund – Capital Grant

WSHFC Capital Plus Program – Private Loan

Home Depot Foundation – Capital Grant

Seattle Federal Home Loan Bank – Capital Grant

McKinney Homeless Fund – Ops Grant

Pear Tree Place II

(8 two- and 4 four-bedrooms; Permanent)

$3,427,212

$122,678

$3,372,890

May 2008

Feb 2008

Commerce Housing Trust Fund – Capital Grant

Yakima County 20/60 Funding – Capital Grant

Pear Tree Place I

(8 one-, 7 two-, and 11 three-bedrooms; Permanent)

$10,000

$25,000

$48,305

$50,000

$34,500

$161,500

$2,700,000

$1,550,000

$200,000

43,391

$21,000

$4,843,696

Jan 2008

Oct 2007

Sept 2007

Aug 2007

Nov 2006

Oct 2006

Jan 2006

Nov 2005

Sept 2005

Aug 2005

Jul 2005

National Endowment for the Arts – Grant

Home Depot Foundation – Capital Grant

Anonymous Donor –Capital Grant

Washington Mutual Foundation – Capital Grant

Enterprise Communities Green Fund – Capital Grant

Yakima County 20/60 Funding – Capital Grant

WSHFC Low Income Housing Tax Credits

Commerce Housing Trust Fund – Capital Grant

Yakima ONDS – Capital Grant

Impact Capital – Predevelopment Loan

Seattle Federal Home Loan Bank – Challenge Grant

The Sommerset

(5 studios, 20 one- and 20 two-bedrooms; Permanent)

$72,000

$82,000

$112, 644

$215,000

$96,751

$17,575

$85,000

$400,000

$1,500,000

$59,693

$402,354

$740,025

$3,782,042

Nov 2010

May 2010

May 2010

Aug 2004

Nov 2003

Oct 2003

Jan 2003

Dec 2002

Nov 2002

Jul 2002

Dec 2001

Ongoing

Commerce Housing Trust Fund – Reserves Grant

Next Step Housing Trust Fund – Debt Reduction Grant

Commerce Housing Trust Fund – Debt Reduction Grant

WSHFC Capital Plus Program – Private Loan

OIC of Washington – Capital Grant

US Bancorp – Capital Grant

Yakima ONDS – Capital Grant

Seattle Federal Home Loan Bank – Capital Grant

Commerce Housing Trust Fund – Capital Grant

Impact Capital – Predevelopment Loan

McKinney Homeless Fund – Capital Grant

McKinney Homeless Fund – Ops Grant

Lamplighter Apartments

(12 one- and 4 two-bedrooms; Permanent)

$208,050

$71,619

$250,000

$29,939

$10,000

$140,000

$75,000

$278,707

$1,063,315

Dec 2010

Aug 2010

Sep 2008

Jun 2002

Apr 2001

Aug 2000

Apr 1999

Nov 1998

Next Step Housing – Capital Improvments

Next Step Housing – Debt Reduction Grant

Commerce Housing Trust Fund – Capital Grant

OIC of Washington – Capital Grant

US Bancorp & WaMu Foundation – Capital Grants

US Bank – Private Loan

Yakima ONDS – Capital Grant

Commerce Housing Trust Fund – Capital Grant

Clean House Apartments

(21 studios and 1 one-bedroom; Permanent)

$800,000

$394,399

$46,000

$140,000

$1,380,399

Nov 2007

Nov 1998

Aug 1998

Jun 1998

Commerce Housing Trust Fund – Rehab Grant

Commerce Housing Trust Fund – Capital Grant

Impact Capital – Predevelopment Loan

Seattle Federal Home Loan Bank – Capital Grant

Organizational Grants

$10,641

$238,640

$433,043

$100,000

$51,469

$50,000

$36,000

$9,593

$7,500

$10,000

$946,886

Nov 2014

Jun 2012

Oct 2011

Annual

Annual

Annual

Annual

Nov 2002

Mar 2001

Jan 1999

Yakima Housing Authority – Donation

Commerce Buydown – Rent Assistance

Commerce O&M Program – Ops Grant

WaMu Foundation – Ops Grant

US Bancorp – Ops Grant

Wells Fargo – Ops Grant

B of A Foundation – Ops Grant

National Training Institute – Equipment

Impact Capital – Strategic Planning

Digital Promise & Adobe – Equipment & Software

Total

$19,130,753

as of December 2016

Updated June 2017

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