Wa Sang Foundation

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

EIN: 943113810 ✦ Seattle, WA ✦ Designated as a 501(c)(3)

Overview

What is Wa Sang Foundation?

The Wa Sang Foundation is a charitable organization situated in Seattle, Washington. Its primary mission is to address the housing needs of low-income individuals, achieving this through its program, The Rex Apartments. This program offers 30 units of affordable housing, making it a vital resource within the community. As a housing support services organization, Wa Sang Foundation is dedicated to improving living conditions for its residents.


Is Wa Sang Foundation legitimate?

Wa Sang Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wa Sang Foundation 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: $0

For more financial information, click here


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

Mission Statement of Wa Sang Foundation

The Wa Sang Foundation, a nonprofit organization, is dedicated to addressing the housing needs of individuals with limited income. Through its program, The Rex Apartments, the foundation offers 30 units of housing, serving as a vital housing support service provider. The Wa Sang Foundation's mission is to provide affordable living spaces, contributing to the well-being and stability of its residents. By offering these housing units, the Wa Sang Foundation plays a significant role in addressing the housing challenges faced by individuals with low income, ultimately enhancing their overall quality of life.

Impact

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




Wednesday, July 24, 2024

The Wa Sang Foundation's impact lies in providing essential low-income housing through its program, The Rex Apartments, in Seattle, Washington. By offering 30 units through this initiative, the foundation significantly contributes to addressing the housing needs of vulnerable populations in the city. This direct action positively impacts individuals and families struggling to find affordable housing options, ultimately improving their quality of life and promoting stability 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: $261,454
  • Program Service Revenue: $298,318
  • Gross Receipts: $1,227,487

    • Assets and Liabilities:
  • Total Assets: $2,965,328
  • Total Liabilities: $2,183,053
  • Net Assets: $782,275
  • Programs

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

    RENT

    Revenue

    $298,318

    Organization Details

    Founding Year

    1989

    Principal Officer

    Ling Chinn

    Main Address

    657 SOUTH KING STREET APT 209, SEATTLE, WA, 98104

    NTEE Category

    Code: L20 - Housing

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