Overview
What is Washington Community Reinvestment Association?
The Washington Community Reinvestment Association, located in Seattle, Washington, is a dedicated nonprofit organization. Its primary mission is to facilitate the development of affordable housing and real estate-based economic development in the state of Washington. To achieve this goal, the association provides permanent financing and technical assistance. They assist potential borrowers in obtaining financing for multi-family projects through loans, with participation from the association's members. The Washington Community Reinvestment Association's work is essential in creating and preserving affordable housing in the state, as well as expanding resources for real estate-based community development. The organization serves as a voice for its member financial institutions on affordable housing and community development issues. With a modest workforce of eight employees, the association continues its efforts to improve the living conditions and economic opportunities in Washington.
Official website here: www.wcra.net
Is Washington Community Reinvestment Association legitimate?
Washington Community Reinvestment Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Community Reinvestment Association 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: $569,851
Professional Fundraising Fees: $0
Other Salaries and Wages: $109,783
For more financial information, click here
Official website here: www.wcra.net
What is the mission statement of Washington Community Reinvestment Association?
The Washington Community Reinvestment Association's mission is centered around the creation and preservation of affordable housing in the state. Beyond this, the organization aims to expand resources for real estate-based community development. It serves as a voice for its financial institution members on affordable housing and community development issues. The association provides permanent financing and technical assistance to facilitate the development of affordable housing and realty-based economic development projects. It was established to assist potential borrowers in obtaining permanent financing for multi-family projects through loans participated in by its member institutions.
Official website here: www.wcra.net
Who is the CEO of Washington Community Reinvestment Association?
Susan M Duren is the President of Washington Community Reinvestment Association.
Official website here: www.wcra.net
What is the revenue of Washington Community Reinvestment Association?
Washington Community Reinvestment Association's revenue in 2022 was $6,470,844.
Official website here: www.wcra.net
Who are the executives of Washington Community Reinvestment Association and what are their salaries?
The average compensation at Washington Community Reinvestment Association during 2022 was $84,954. There are 8 employees and 26 volunteers at Washington Community Reinvestment Association.
Here are 18 key members and their salaries:
- Susan Duren (President) [Trustee/Director]
- Dulcie Claassen (Vice President)
- Angel Ratliff (Assistant Vice President)
- Christine Roveda (Chair) [Trustee/Director]
- Michael Dotson (Vice-Chair (Thru 2/22)) [Trustee/Director]
- Jay Coleman (Secretary) [Trustee/Director]
- Bob Powers (Treasurer (Thru 2/22), Vice-Chair) [Trustee/Director]
- Kim Etherton (Director (Thru 2/22), Treasurer)
- Tim Grant (Director)
- Mike Gilmore (Director)
- Stephen Walker (Director)
- Jonathan Clarke (Director)
- George Hernandez (Director (Thru 9/22))
- Renae White (Director)
- Emily Grossman (Director)
- Kris Hollingshead (Director)
- Dustin Koons (Director)
- Brett Manning (Director)
Official website here: www.wcra.net
Where can I find the form 990 for Washington Community Reinvestment Association?
The Washington Community Reinvestment Association’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.wcra.net
Learn more at the official website: www.wcra.net
Mission Statement of Washington Community Reinvestment Association
Washington Community Reinvestment Association, abbreviated as WCRA, is dedicated to the creation and preservation of affordable housing in Washington State. Beyond this primary objective, the organization also aims to expand resources for real estate-based community development. WCRA serves as a advocacy platform for its member financial institutions, advocating for affordable housing and community development issues.
In practical terms, WCRA provides permanent financing and technical assistance to facilitate the development of affordable housing and realty-based economic development in Washington State. Established to assist potential borrowers in obtaining permanent financing for multi-family projects, WCRA accomplishes this by participating in loans with its member financial institutions. This approach enables the association to contribute significantly to the creation and preservation of affordable housing, thereby benefiting a wide range of individuals and families in the community.
Impact
This information is meant to be a general summary of Washington Community Reinvestment Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Washington Community Reinvestment Association plays a crucial role in the creation and preservation of affordable housing in Washington State. By providing permanent financing and technical assistance, WCRA facilitates the development of affordable housing and realty-based economic development projects. Through their efforts, WCRA helps individuals and communities access affordable housing options and work towards building sustainable communities. Additionally, the organization serves as a voice for its member financial institutions on affordable housing and community development issues, advocating for policies that support the growth of affordable housing initiatives in the state.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$5,744,631
CONSTRUCTION REVIEW
Revenue
$400,080
LOAN FEES
Revenue
$161,772
AGENCY INCOME
Revenue
$124,483
ADMINISTRATIVE SERVICE
Revenue
$17,438
Organization Details
Founding Year
1991
Phone
(206) 292-2922
Principal Officer
Susan M Duren
Main Address
1200 FIFTH AVE SUITE 1406, SEATTLE, WA, 98101
Website
www.wcra.net
NTEE Category
Code: N200 - Recreation
If you are a representative of Washington Community Reinvestment Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.