Fircrest Properties

Nonprofit profile at a glance

EIN
833493803
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023, Form 990-N 2021
Location
Seattle, WA, USA
Phone
2066188864
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$4,746,366
Expenses
$3,719,435
Assets
$210,412,860
Liabilities
$213,975,362

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

Leadership & pay

4 people listed

Executive titles in this filing

  • JOHN FINKE (PRESIDENT)
  • MATT CALCAVECCHIA (VICE PRESIDENT)
  • ERIN BIRKENKOPF (VICE PRESIDENT/SECRETARY/TREASURER)
  • MATT COONEY (VICE PRESIDENT)

People named in this filing

  • JOHN FINKE (PRESIDENT)
  • MATT CALCAVECCHIA (VICE PRESIDENT)
  • ERIN BIRKENKOPF (VICE PRESIDENT/SECRETARY/TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The corporation was organized and is operating exclusively for such purposes and activities as are permitted by section 501(c)(3) of the internal revenue code (the "code"), including, but not limited to, the following purposes: (1) to assist in the erection and maintenance of public buildings, monuments, facilities, housing, or works; (2) to combat community deterioration and to carry out neighborhood revitalization and community economic development; (3) to promote social welfare and education through cooperative programs with governmental entities and charitable and other community organizations; (4) to undertake activities which lessen the burdens of government, and to carry on other charitable activities associated with the foregoing purposes as allowed by law.

What it reported doing in 2024

Undertaking certain activities in connection with the financing, construction and operation of a medical care building to support the state of Washington.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 90
  • Accountability: 18
  • Sustainability: 77
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78%; rating input score 78
  • Program expense ratio: 99.6%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: 21.6%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 56.57; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 1.02; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 149.8% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 150% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 78% of revenue deployed · 99.6% of spending went to programs
  • Governance: 0 of 4 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $3.7M in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 5 filed schedules
  • Filing history: 1 filing year from 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • 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.

  • High — Accountability: Independent voting board scored 0/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.