Shirley Bridge Bungalows

Nonprofit profile at a glance

EIN
912105328
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Tukwila, WA, USA
Phone
2069012000
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Official website

Reported finances

Revenue
$62,708
Expenses
$146,813
Assets
$713,374
Liabilities
$682,893

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

Leadership & pay

5 people listed

Executive titles in this filing

  • KATRINA EGNER (PRESIDENT AND CEO)
  • MIKE DE LUCA (VICE PRESIDENT AND CFO)

Highest reported compensation

  • KATRINA EGNER (PRESIDENT AND CEO): $350,854 total reported compensation
  • MIKE DE LUCA (VICE PRESIDENT AND CFO): $230,673 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide low-income adults and families with HIV/AIDS with permanent housing.

What it reported doing in 2025

Shirley bridge bungalows (the project) is a Washington private nonprofit corporation, organized in 2001 for the purpose of developing and operating a 6-unit project located in west seattle, Washington. Sound mental health acquired control of the project from buildingchanges on august 1, 2012. The project was formed and operates under section 811 supportive housing for persons with disabilities program. Hud provides funding to develop and subsidize rental housing with the availability of supportive services for very low-income adults withdisabilities. The u.s. Department of housing and urban development (hud) regulates such projects as to change or discontinuation of use, rent charges and operating methods. The project also is subject to an 811 project rental assistance contract (prac) agreement with hud, and a significant portion of the project's rental income is received under the 811 prac subsidy program.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 60
  • Accountability: 90
  • Sustainability: 24
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 73.8%; rating input score 74
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -134.1%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 4.86; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.96; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 21.7%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: 2.9% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: -6.5% per year; rating input score 0; 37th percentile among comparable filings
  • Asset growth: -2.4% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 73.8% of spending went to programs
  • Governance: 3 of 3 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $108K in reported program spending
  • Leadership: top reported pay $351K · 5 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 22 of 22 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Related organizations: 11 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 14/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.