Housing Connector
Nonprofit profile at a glance
- EIN
- 842100263
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Seattle, WA, USA
- Phone
- 2063897200
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $11,083,341
- Expenses
- $9,396,204
- Assets
- $3,721,074
- Liabilities
- $550,048
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- SAMANTHA HOLCOMB (BOARD CHAIR/PRESIDENT)
- PEARL LEUNG (VICE PRESIDENT)
- SHKELQIM KELMENDI (EXECUTIVE DIRECTOR)
Highest reported compensation
- SHKELQIM KELMENDI (EXECUTIVE DIRECTOR): $267,716 total reported compensation
- CARLA ARCHAMBAULT (VP PEOPLE & MARKET OPERATION): $171,162 total reported compensation
- NICHOLAS MERRIAM (VP STRATEGY & OPERATION): $157,793 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Housing connector partners with property owners and managers to lower barriers to housing and increase our region's affordable housing capacity.
What it reported doing in 2024
Housing connector is a business to business technology-powered non-profit that believes no unit should sit vacant while there are people in need of a home. Launched in 2019, housing connector partners with housing providers to reduce screening criteria related to credit score, criminal history, rental history, and past debt so individuals in need of a home have increased access to housing previously out of reach. In exchange for lowered criteria, housing providers and residents receive support and financial mitigation payments for two years, to reduce risk and ensure households remain stably housed. Through partnerships with 2,552 properties and 269 community based organizations, housing connector has housed over 8,651 individuals as of december 2024.
Operating model
- Revenue model
- Grant-funded. 77% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 43% for direct work, and 57% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 79
- Accountability: 95
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.8%; rating input score 76
- Program expense ratio: 89.2%; rating input score 89
- Fundraising efficiency: $70.58 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 15.2%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 0.4; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 11%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: 39.9% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 36.6% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 7.3% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 75.8% of revenue deployed · 89.2% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $8.4M in reported program spending
- Leadership: top reported pay $268K · 17 people listed · 2 of 6 pay-setting controls reported
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- 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: Total-asset coverage ratio scored 11/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 17/100.