Bellwether Housing
Bellwether Housing reported $65.3 million in revenue and $62.1 million in expenses for calendar year 2025. Of every $100 it spent, $89.55 went to program services, $9.45 to management and general costs and $1.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 57.8% of the total. Government grants made up 9.8%. The highest compensation it reported for one person was $415,804 (CHIEF EXECUTIVE OFFICER). 10 people received more than $100,000 in reportable compensation. Revenue rose 171% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $62MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $65M- Contributions & grants (non-government)$15.53 $10M
- Government grants$9.75 $6.4M
- Program service revenue$57.59 $38M
- Investment income$17.13 $11M
Other revenue was negative: −$190K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.6% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.4% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 25.4% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 9.8% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 57.8% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $415,804 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.67% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 10 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 20.5 | 10.0 |
| Independent voting board members Part VI 1a–1b | 17 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseNo description in Part III; see the filing.
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $386,225 | $0 | $29,579 | $415,804 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $330,862 | $0 | $22,941 | $353,803 |
| VICE PRESIDENT OF HUMAN RE Highest compensated employee, 40.00 hrs/week | $218,246 | $0 | $31,695 | $249,941 |
| VICE PRESIDENT OF PROPERTY Key employee, 40.00 hrs/week | $218,246 | $0 | $25,316 | $243,562 |
| DIRECTOR OF ASSET MANAGEME Highest compensated employee, 40.00 hrs/week | $196,795 | $0 | $30,836 | $227,631 |
| VICE PRESIDENT OF REAL EST Key employee, 40.00 hrs/week | $203,891 | $0 | $19,710 | $223,601 |
| CONTROLLER Highest compensated employee, 40.00 hrs/week | $188,999 | $0 | $23,063 | $212,062 |
| DIRECTOR OF INFORMATION TE Highest compensated employee, 40.00 hrs/week | $188,191 | $0 | $15,734 | $203,925 |
10 people received more than $100,000 in reportable compensation from Bellwether Housing (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.3M (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 17 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5244
- Volunteers Part I, line 612
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| RAFN COMPANY Construction services | $1,534,451 |
| BUCHANAN GENERAL CONTRACTING Construction services | $1,405,583 |
| PERKINS EASTMAN ARCHITECTS Architecture services | $1,174,105 |
| MCKINSTRY CO LLC Construction services | $1,009,638 |
| HD SUPPLY FACILITIES MAINTENANCE Facility maintenance supplies | $889,613 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
8 private foundations reported grants to Bellwether Housing totaling $67,227 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Bellwether Housing's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Bellwether Housing, you can publish a response that is linked from this page.
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Of every $100 Bellwether Housing spent in 2025, $89.55 went to programs. The full breakdown, from its IRS Form 990:
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All housing & shelter charities · Largest charities in Washington
Questions people ask
How much of Bellwether Housing's spending goes to programs?
In calendar year 2025, Bellwether Housing reported that 89.6% of its $62.1 million in expenses went to program services, 9.4% to management and general and 1.0% to fundraising (Form 990, Part IX).
How much does Bellwether Housing pay its top executive?
The largest total compensation Bellwether Housing reported for one person in calendar year 2025 was $415,804, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Bellwether Housing get its money?
Of $65.3 million in revenue in calendar year 2025, 25.4% came from contributions and grants (including 9.8% from government grants) and 57.8% from program service revenue (Form 990, Part VIII).
Is Bellwether Housing a registered charity?
The IRS lists EIN 91-1116960 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202642669349300404 · read the filing
- 2024: Form 990 for calendar year 2024, object 202512689349301201 · read the filing
- 2023: Form 990 for calendar year 2023, object 202423199349305642 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333189349307288 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233199349312973 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133089349301028 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013179349308926 · read the filing
All filings for EIN 91-1116960: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.