Imagine Housing
Imagine Housing reported $12.0 million in revenue and $10.6 million in expenses for calendar year 2024. Of every $100 it spent, $82.65 went to program services, $12.53 to management and general costs and $4.82 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 52.8% of the total. Government grants made up 21.9%. The highest compensation it reported for one person was $208,344 (PRESIDENT). 6 people received more than $100,000 in reportable compensation. Revenue rose 71% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $11MFor 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 2024 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.7% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.5% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.8% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.10 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 42.7% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 21.9% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 52.8% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $208,344 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.97% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 6 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 21.2 | 10.0 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 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
2024 · Form 990, Part III · the three largest programs by expenseOur work started over 35 years ago in response to the growing economic inequities faced by low-income households in east king county, our founders realized that permanent affordable housing was the most cost-effective, long-term solution to displacement, homelessness, and poverty in the region. Since then, our work has expanded from a volunteer run organization with 18 affordable apartments to a highly respected organization providing 639 permanent low-income apartment homes. In 2009, we implemented on-site supportive resident services to meet the growing need for additional resources to…
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| PRESIDENT Officer, 36.00 hrs/week | $187,749 | $20,595 | $0 | $208,344 |
| VP OF REAL ESTATE DE Highest compensated employee, 40.00 hrs/week | $159,207 | $0 | $0 | $159,207 |
| VP OF ADVANCEMENT Highest compensated employee, 40.00 hrs/week | $144,167 | $0 | $0 | $144,167 |
| VP OF PEOPLE & CULTU Highest compensated employee, 40.00 hrs/week | $140,704 | $0 | $0 | $140,704 |
| DIRECTOR OF RESIDENT SERVICES (FORMER) Highest compensated employee, 40.00 hrs/week | $134,482 | $0 | $0 | $134,482 |
| VP OF SPECIAL INITIATIVES Highest compensated employee, 40.00 hrs/week | $126,556 | $0 | $0 | $126,556 |
| VP OF FINANCE (PART-YEAR) Officer, 36.00 hrs/week | $62,872 | $6,934 | $0 | $69,806 |
| FORMER DIRECTOR OF FINANCE (PART YEAR) Officer, 36.00 hrs/week | $36,119 | $3,452 | $0 | $39,571 |
6 people received more than $100,000 in reportable compensation from Imagine Housing (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b10 · 10 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 4No
- 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 543
Private foundation grants it received
5 private foundations reported grants to Imagine Housing totaling $43,118 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 Imagine 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 Imagine Housing, you can publish a response that is linked from this page.
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Of every $100 Imagine Housing spent in 2024, $82.65 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Avalon Nonprofit Housing CorporationAnn Arbor, MI · revenue $12M · programs 88.5% · 2024
- Williamsburg Retirement CommunityRoseville, MN · revenue $12M · programs 86.1% · FY2025
- Housing Opportunity CorporationLos Angeles, CA · revenue $12M · programs 47.3% · 2023
- Arcata House PartnershipArcata, CA · revenue $12M · programs 84.9% · 2024
- Pioneer ConceptsGalesburg, IL · revenue $12M · programs 94.0% · FY2025
All housing & shelter charities · Largest charities in Washington
Questions people ask
How much of Imagine Housing's spending goes to programs?
In calendar year 2024, Imagine Housing reported that 82.7% of its $10.6 million in expenses went to program services, 12.5% to management and general and 4.8% to fundraising (Form 990, Part IX).
How much does Imagine Housing pay its top executive?
The largest total compensation Imagine Housing reported for one person in calendar year 2024 was $208,344, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Imagine Housing get its money?
Of $12.0 million in revenue in calendar year 2024, 42.7% came from contributions and grants (including 21.9% from government grants) and 52.8% from program service revenue (Form 990, Part VIII).
Is Imagine Housing a registered charity?
The IRS lists EIN 94-3110312 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. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513189349310531 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443209349314924 · read the filing
- 2022: Form 990 for calendar year 2022 (amended), object 202422329349301117 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223189349306862 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133169349310253 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023219349313692 · read the filing
All filings for EIN 94-3110312: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.