Eastside Community Development Fund

Nonprofit profile at a glance

EIN
850997236
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022, Form 990-N 2020
Location
Bellevue, WA, USA
Phone
4257498369
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Research Institutes and Public Policy Analysis

Official website

Reported finances

Revenue
$526,711
Expenses
$258,420
Assets
$296,418
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • DAVID BOWLING (CEO)

Highest reported compensation

  • DAVID BOWLING (CEO): $206,423 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Eastside community development fund (ecdf) is a non-profit organization working to address our communitys social needs through engaging, connecting, and mobilizing businesses and civic organizations through funding, convening, and advocacy.

What it reported doing in 2024

Homelessness data initiatives, policy and project planning - eastside foundation had 38 meetings where the sub-regional plan was worked on, meetings with shelter and supportive service providers to help shape the plan, meetings with elected officials (council member balducci, mayor robinson, multiple other council members, rep. Slatter, mayor millman, mayor birney, and also meetings with kchra). We also spent 60 hours on research (challenge seattle report, kcrha 5 year plan, commerce plan to address homelessness, discovery institute shelter plus reports, etc.). The plan will impact 5,000 plus men, woman, and families each year. Eastside foundation had 32 meetings where the by name data list was discussed (with shelter providers, elected officials, community solutions, faith groups, rotaries, etc.) a plan was created to implement a by name list in east king county which took approximately 50 hours. Eastside foundation conducted a database and database tools assessment with recommendations from the east king county shelter providers. The foundation met with 9 local agencies as well as outside jurisdictions to further research on data systems regarding homelessness. We also met with people from 4 other continuum of cares around the country to learn about how they set up their data systems regarding homelessness. We also researched best practices from around the county. This culminated in a report with our findings and recommendations. We met with human services staff and elected officials to share our results and explore ways to implement some of the recommendations. The research and report findings from these database efforts indicate a value-add from interconnected data coming from various non-profit agencies, which could be used for strategic programs and financial investments to better serve people experiencing homelessness. The continuation of this project has the potential to impact over 2,000 men and women who utilize shelter services in east king county

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 70
  • Accountability: 86
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 42.7%; rating input score 43
  • Program expense ratio: 87%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.9%; rating input score 93; 24th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 50.9%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 1.15; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 79.9%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 19.9% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 64.3% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 128.5% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 42.7% of revenue deployed · 87% of spending went to programs
  • Governance: 13 of 14 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $225K in reported program spending
  • Leadership: top reported pay $206K · 15 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $206K reported
  • Consistency: 14 of 14 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.