2012-04-17T23:35:49-05:00 2011-06-30 Watson & McDonell PLLC 1325 - 4th Avenue Suite 1705 Seattle WA 981012528 990 2010-07-01 911342397 Habitat for Humanity - Seattle South King County HABI 2062925240 PO Box 88337 No B Tukwila WA 98138 Marsh Kellegrew 2062925240 2012-04-17 1 Susan Reilly 2066242380 2012-04-10 2010 2016-02-24 21:20:13Z Martin Kooistra PO Box 88337 No B Tukwila WA 98138 7240343 0 X www.seattle-habitat.org X 1986 WA To work with low income families and the community to build simple, decent, affordable homes. 14 14 43 1309 0 0 4304077 3504177 2877441 2846259 38359 16516 12167 85546 7232044 6452498 206781 108684 0 0 1324896 1163949 0 13250 357511 4902800 4796836 6434477 6082719 797567 369779 16147697 16230114 8394994 8110755 7752703 8119359 X Habitat for Humanity of Seattle/South King County is a community-based housing developer committed to ensuring simple, decent, affordable homeownership for all. Initiatives include:Building and renovating homes in partnership with diverse low-income working families, and selling the homes to those families at cost and with zero interest loans.Working within a coalition of agencies to improve housing conditions throughout entire communities. 0 0 5434939 108684 2846259 With the support of over 1,309 volunteers who contributed over 33,364 hours this year, Habitat for Humanity Seattle/South King County provided housing opportunities for 12 households through new construction and renovation, including 4 homes certified as 3-star Built Green thus providing healthier and more sustainable housing in our community. The Home Improvement Outlet diverted 478 tons of surplus building materials from the landfill and provided an affordable resource for donated surplus building materials to community residents and other affordable housing providers. We also partnered with youth programs and other local service providers, including adults with disabilities and formerly homeless youth, to provide job skills training on our construction sites and at our retail outlet. In addition, we mentored and trained 24 households in areas ranging from financial management to energy conservation to home repair and maintenance with the goal of long-term homeownership success. 5434939 1 1 0 1 0 0 0 0 0 1 0 1 1 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 35 0 1 43 1 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WA X The Organization 2062925240 PO Box 88337 No B Tukwila WA 98138 David Frum 1.00 X 0 0 0 Mandie Barnes 1.00 X 0 0 0 Sheila Burroughs 1.00 X 0 0 0 Jon Schmick 1.00 X 0 0 0 Larry Burrows 1.00 X 0 0 0 Ndudi Chuku 1.00 X 0 0 0 Doug Davies 1.00 X 0 0 0 Jennifer Davis Hayes 1.00 X 0 0 0 John Grogan 1.00 X 0 0 0 Jeff Schaberg 1.00 X 0 0 0 Sam Sperry 1.00 X 0 0 0 Linda Stalzer 1.00 X X 0 0 0 Gary Fallon 1.00 X X 0 0 0 Lori Walker 1.00 X X 0 0 0 Mike Quamma 1.00 X X 0 0 0 David Vanderwarker 1.00 X X 0 0 0 Marty Kooistra 40.00 X 106460 0 0 Sharon Burke 40.00 X 79000 0 0 185460 0 0 1 0 0 0 0 245551 794041 2464585 971798 3504177 Sale of Homes 236000 2713500 2713500 Discount Amortization 531390 112732 112732 NMTC Revenue 900099 20027 20027 2846259 16516 16516 11886 11886 11886 11886 51784 245551 51784 0 743525 736061 7464 7464 Miscellaneous 900099 66196 66196 66196 6452498 2846259 0 102062 108684 108684 185460 48503 102723 34234 727799 529722 50790 147287 132510 95991 14327 22192 118180 85611 12777 19792 25066 25066 13250 13250 37077 6749 12358 17970 76271 15046 61225 92613 45923 38649 8041 6720 6720 320073 279585 17617 22871 19082 15648 3434 3398 3398 162052 154867 3106 4079 1094 1094 House building costs 2795189 2795189 Mortgage Discounts 774135 774135 Building Together LLC 369570 369570 Other Program Costs 57757 46257 4930 6570 NMTC Costs 41413 41413 15326 15326 6082719 5434939 290269 357511 139713 112020 2734985 2016453 77371 33101 247890 263670 1473050 2621733 64208 30937 39313 4588690 566123 4124599 4022567 3349809 2895582 3969343 4161467 16147697 16230114 348374 207705 19949 3716 7971671 7899334 55000 8394994 8110755 X 7699728 7849359 52975 270000 7752703 8119359 16147697 16230114 X 369779 -3123 X 0 1 1 X 0 X 2820074 2400152 2844386 4304077 3504177 15872866 2820074 2400152 2844386 4304077 3504177 15872866 1310787 14562079 117783 187733 74339 38359 16516 434730 116265 67224 -42699 15926 78082 234798 16542394 12365073 0.88030 0.87580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 1 1 1000 0 1 0 1000 0 Part IV, Supplemental Information: Volunteers & staff attended Housing Advocacy Day in Olympia. Volunteers were recruited to call in support of Veterans and Human Services Levy. Part II - B, Line 1(f) Habitat for Humanity of Seattle/South King County pays dues to several organizations that do some amount of lobbying on housing issues, but the amount spent on lobbying as a portion of dues is deemed to be immaterial. 0 1 1114295 1114295 2820730 353954 2466776 294514 31712 262802 305911 144747 161164 53240 35710 17530 4022567 Land Held for Sale & Development 75768 C Land Held for Development - Land Trust 770000 C Investment in HFHI-SA Leverage V LLC 2049814 C 2895582 Construction in Process 3999336 Deposits 16194 Homeowner reserve cash 3759 Construction Inventory 3896 New Markets Tax Credit Capitalized Fees 138282 4161467 6452498 6082719 369779 -3123 -3123 366656 7185436 -3123 736061 732938 6452498 0 6452498 6818780 736061 736061 6082719 0 6082719 Part IV, Line 1b: The organization keeps escrow accounts for 14 mortgages which are managed in-house. We have 25 other loans we hold, but the collection and escrow accounts are managed by HomeStreet Bank. Description of Uncertain Tax Positions Under FIN 48: Part X: Income tax status Habitat for Humanity of Seattle/South King County is exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code. Habitat's wholly-owned subsidiary, Nevada Street LLC, is a disregarded entity for tax purposes. Habitat qualifies for the charitable contribution deduction under section 170(b)(1)(A)(vi) and has been classified as an organization that is not a private foundation under section 509(a)(1). Sales tax from the Habitat Store sales collected and remitted to the State of Washington and local entities was $68,570 for the year ended June 30, 2011. Habitat's income tax filings are subject to examination by various taxing authorities. Habitat's open examination periods are 2007 through 2010. No tax related contingencies are known. Part XI, Line 8 - Other Adjustments: Book Loss in excess of Tax Loss on Building Together LLC (land impairment) Part XII, Line 2d - Other Adjustments: Outlet Cost of Goods Sold 736,061. Part XIII, Line 2d - Other Adjustments: Outlet Cost of Goods Sold 736,061. Part XIII, Line 4b - Other Adjustments: Brokers Commission on Stock Sales Annual Benefit Expense Annual Breakfast 264097 243802 20295 1815 3821 18480 23641 Buildathon 27900 26985 915 915 3111 1 291997 270787 21210 1815 3821 19395 26752 51783 -30573 1 Habitat for Humanity International 121 Habitat Street Americus GA 317093498 511914868 501(c)(3) 104034 Tithe amount used to fund the building of Habitat homes in Mexico, Kenya, the Phillipines, Cambodia and Tajikistan. 1 X Concrete 1 31575 Fair Market Value X Tile Flooring 1 31182 Fair Market Value X Appliances 3 3294 Fair Market Value X Building Materials 10 73192 Fair Market Value X Paint 5 19296 fair Market Value X Office Supplies 1 12990 Fair Market Value X Outlet Donations 300 800269 Fair Market Value 0 1 1 Third Party Use: Part I, Line 32b: Second Use solicits donation of construction material which the proceeds can be designated as benefitting Habitat for Humanity of Seattle/South King County. Also, we participate in HfHI's Car for Homes program - car vehicle sales. Hired Lynch Resources to run a phone campaign for 4 weeks to solicit donations - Lynch was paid less than $15K. Form 990, Part VI, Section B, line 11 Reviewed by CFO, CEO, and the Board of Directors Form 990, Part VI, Section B, line 12c Conflict of interest disclosure forms are filled out annually. Form 990, Part VI, Section B, line 15a The board reviews & decides CEO compensation. CEO approves all other employee compensation as part of annual budget process. Form 990, Part VI, Section C, line 19 Our Annual Audited Financial Statements are available on our website and Guidstar. Our governing documents and conflict of interest policy are not available to the public. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -3,123. Book Loss in excess of Tax Loss on Building Together LLC (land impairment) Nevada Street LLC 15439 - 53rd Ave South Tukwila WA 98188 261429674 Real estate holding entity to purchase bldg to house a Home Imprvmnt Outlet WA Habitat for Humanity of SeattleSouth King County Building Together LLC 15439 53rd Avenue South Suite B Tukwila WA 98188 262159180 To partner with another Habitat affiliate to purchase land for development WA Related -81696 2470853 0 1 0.50000 HFHI-SA Investment Fund I LLC 1307 Washington Ave Suite 300 St Louis MO 63103 272566284 Partner with 4 other Habitat affiliates to participate in a New Markets Tax MO Related 20443 2080568 0 0 0.18580 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HFHI-SA Investment Fund I LLC B