Plymouth Housing
Legal name: Plymouth Housing Group and Subsidiaries
Nonprofit profile at a glance
- EIN
- 911122621
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Seattle, WA, USA
- Phone
- 206.374.9409
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $69,549,478
- Expenses
- $91,990,743
- Assets
- $356,536,300
- Liabilities
- $197,464,301
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- KAREN LEE (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- KAREN LEE (CHIEF EXECUTIVE OFFICER): $435,150 total reported compensation
- ANDREA CARNES (CHIEF OPERATIONS OFFICER): $301,330 total reported compensation
- JOHN R SIDDALL (CHIEF FINANCIAL OFFICER): $284,141 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Plymouth Housing’s mission is to eliminate homelessness and address its causes by preserving, developing and operating safe, quality, supportive housing and by providing adults experiencing homelessness with opportunities to stabilize and improve their lives.
What it reported doing in 2024
Social services - plymouth operates over 1,316 housing units for individuals exiting homelessness, many of whom have signficant physical and behavioral health needs, disabilities, repeat interaction with hospitals, psychiatric institutions, and shelters, and involvement with the criminal justice system. Plymouth provides a range of supportive services to help tenants remain stably housed. Plymouth's case management approach emphasizes proactive, assertive engagement with tenants. Staff nurture trusting long-term relationships to provide a base for increased stability and recovery. Services are voluntary but staff are proactive and persistent in building a relationship, offering services and support. Staff are trained in motivational interviewing techniques, harm reduction, de-escalation, and trauma informed care. Staff meet with new tenants to complete an assessment and housing services plan focusing on the tenant's self-identified needs and goals. Staff work with tenants to meet their goals by helping them access needed community services such as: medical, dental, behavioral health care and treatment, veterans services, legal services, food banks, chore services, payee services, employment and volunteer opportunities. Staff also work with tenants to qualify for income support programs and improve skills needed to maintain stable housing, either through direct support or referral to community partners. Staff offer support for tenants struggling with personal crises, those facing chronic illness and death, making end of life decisions, and seeking reconnection with family memebers. Plymouth also operates the shelter plus care program (spc) and the scattered sites program (ssp), which are supportive housing programs for homeless, disabled and low-income individuals and families. Spc & ssp programs provide housing subsidy and case managment services to 953 tenants throughout king county.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 83
- Accountability: 95
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 85.3%; rating input score 85
- Fundraising efficiency: $29.93 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 80.1%; rating input score 80; 17th 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; 77th 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: -32.3%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 3.88; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.55; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 2.5%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: 16.8% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 12.5% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 19.1% per year; rating input score 100; 92nd percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 3 operating locations identified
- Where the money goes: 100% of revenue deployed · 85.3% of spending went to programs
- Governance: 22 of 22 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $78.5M in reported program spending
- Leadership: top reported pay $435K · 30 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3M reported
- Consistency: 39 of 41 current checks pass · 2 findings to review
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 12 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 — Sustainability: Operating margin scored 2/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.