Future Homebuyers Organization

Nonprofit profile at a glance

EIN
394457900
IRS 990-EZ coverage
2025–2025
Forms available
Form 990-EZ 2025
Location
Belliingham, WA, USA
Phone
3602018900
Rating confidence
Limited
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$150
Expenses
$0
Assets
$150
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Kerri Burnside (Board of Directors member and President of the Board)

People named in this filing

  • Kerri Burnside (Board of Directors member and President of the Board)
  • Sue Willis (Board of Directors member)
  • Paul Schissler (Board of Directors member and 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-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purposes for which the Corporation is formed are exclusively charitable. The specific and primary purposes are to organize with future homebuyers and to promote technical assistance for, and public learning about, the creation of permanently affordable, resident owned homes, cooperatives, and leasing opportunities that offer choices for people who cannot afford to own or lease a home at the prevailing market price.

What it reported doing in 2025

Future Homebuyers Organization incorporated in Washington State in September 2025, established a board of directors and officers, adopted bylaws, secured state and city business licenses, and established a banking account. FHO applied for its first WA Housing Trust Fund grant from the WA Department of Commerce and was awarded in January 2026 a recoverable grant of one-million dollars.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 8
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.