Halcyon Foundation
Nonprofit profile at a glance
- EIN
- 911259337
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Seattle, WA, USA
- Phone
- 2063285661
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $133,805
- Expenses
- $104,852
- Assets
- $322,921
- Liabilities
- $234,005
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- MICHAEL REICHERT (PRESIDENT & CEO (THROUGH FEB 2025))
- JILMA MENESES (PRESIDENT & CEO)
- TIMOTHY MAY (VICE PRESIDENT & CFO)
People named in this filing
- MICHAEL REICHERT (PRESIDENT & CEO (THROUGH FEB 2025))
- JILMA MENESES (PRESIDENT & CEO)
- TIMOTHY MAY (VICE PRESIDENT & CFO)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide disabled persons with housing and services designed to meet their social, physical and psychological needs.
What it reported doing in 2024
Halcyon foundation provides housing in a group home situation for eight multi-disabled adult residents who qualify for housing assistance payments under u.s. Dept. Of housing and urban development (hud) section 8 housing assistance program.
Operating model
- Revenue model
- Donor-supported. 87% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 100
- Sustainability: 70
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.1%; rating input score 75
- Program expense ratio: 94.4%; rating input score 94
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 21.6%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 3.08; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.72; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 1.1% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 2% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: 0.1% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: 75.1% of revenue deployed · 94.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $99K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- 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 — Sustainability: Liabilities to assets ratio scored 7/100.