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Vashon Household

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 911517448 ✦ Vashon, WA ✦ Designated as a 501(c)(3)

Overview

What is Vashon Household?

Vashon Household is a nonprofit organization situated in Vashon, Washington. Their primary mission is to develop and provide affordable housing, improve housing conditions, and ensure permanently affordable access to land, homes, and workplaces for low and moderate-income families and individuals, particularly the disabled, the elderly, and the displaced or homeless. To achieve this, they operate various projects, such as a subsidized rental apartment for seniors and the disabled, a subsidized rental unit for low-income individuals with a homeless set-aside, and two home ownership projects, both Community Land Trusts (CLTs) with a commitment to permanent affordability for individuals earning up to 80% of the median income. They manage properties, including a 9-unit apartment for seniors and the disabled, a 20-unit apartment for low-income families, and 19 homes and 14 homes in two home ownership projects.


Is Vashon Household legitimate?

Vashon Household is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vashon Household submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $178,437

For more financial information, click here


What is the mission statement of Vashon Household?
Who is the CEO of Vashon Household?
What is the revenue of Vashon Household?
Who are the executives of Vashon Household and what are their salaries?
Where can I find the form 990 for Vashon Household?

Mission Statement of Vashon Household

Vashon Household, as a nonprofit organization, is dedicated to an important mission. It aims to create and maintain affordable housing options, enhance living conditions, and ensure permanent, affordable access to land, homes, and workplaces for low-income families and individuals, particularly the disabled, the elderly, and the displaced or homeless. The organization's primary objective is to contribute to the housing sector, ensuring that these vulnerable groups have access to suitable living spaces. By developing properties that cater to their needs, Vashon Household plays a crucial role in addressing housing disparities and promoting social equity.

The organization's mission is exemplified in its property portfolio, which includes subsidized rental apartments for seniors and the disabled, low-income housing units, and community land trust projects. The subsidized rental apartments offer a safe and affordable living environment for eligible individuals, while the community land trust projects ensure the long-term affordability of homes for those below 80% of the median income. By investing in and managing these properties, Vashon Household demonstrates its commitment to its mission, providing much-needed housing solutions for those who might otherwise struggle to secure affordable living arrangements.

Impact

This information is meant to be a general summary of Vashon Household. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Vashon Household's impact can be seen in the development of affordable housing, improvement of housing conditions, and provision of permanently affordable access to land, homes, and workplaces on Vashon Island. The organization focuses on serving low and moderate-income families and individuals, with a special emphasis on the disabled, the elderly, and the displaced or homeless. Vashon Household's initiatives include renting and developing properties in alignment with their mission statement, such as a subsidized rental apartment for seniors and disabled individuals, a subsidized rental unit for low-income persons with a homeless set aside, and two homeownership projects. These projects, which utilize a Community Land Trust model, ensure "permanent affordability" for individuals at or below 80% of the median income, thereby creating stability and opportunity for those in need within the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $365
  • Program Service Revenue: $584,524
  • Gross Receipts: $1,002,799

    • Assets and Liabilities:
  • Total Assets: $9,965,284
  • Total Liabilities: $13,596,018
  • Net Assets: -$3,630,734
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $507,653

    MISCELLANEOUS

    Revenue

    $60,311

    MANAGEMENT FEES

    Revenue

    $16,560

    Organization Details

    Founding Year

    1990

    Principal Officer

    Jason Johnson

    Main Address

    PO BOX 413, VASHON, WA, 98070

    NTEE Category

    Code: L99Z - Housing

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