Washington State Farmworker Housing Trust
Nonprofit profile at a glance
- EIN
- 200564942
- IRS 990 coverage
- 2009–2009
- Forms available
- Form 990 2009
- Location
- Seattle, WA, USA
- Phone
- 2063892700
- Rating confidence
- Limited
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $315,098
- Expenses
- $311,716
- Assets
- $91,203
- Liabilities
- $13,326
Source: IRS Form 990. Selected filing: tax year 2009. Amounts in USD.
Leadership & pay
16 people listed
Source: IRS Form 990. Selected filing: tax year 2009. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the Washington State Farmworker Housing Trust is to create a better and more sustainable agricultural community in Washington State by securing and investing resources to address the full spectrum of housing and related needs of farmworkers in our state.
What it reported doing in 2009
CAPACITY BUILDINGThe Trust expands the capacity of local housing providers to develop and manage housing and related services by providing technical and financial assistance to Community Capacity Fund Program partners in implementing their work plans. The following focus areas were developed based on housing providers' self-identified areas most in need of support:- Expanding housing development staff of local partners to (a) provide outreach and technical assistance to growers and community organizations seeking to increase the supply of seasonal-occupancy housing and (b) conduct feasibility assessments, predevelopment and development activities for community-based rental housing.- Expanding home ownership programs for farmworkers and their families.- Improving local housing providers' asset management operations to more effectively manage farmworker housing, coordinate services, and build a sense of community.In 2010, the Trust continued our strategic investments in the development of 320 new housing units for 1,600 farmworkers and family members. These new homes included an estimated 294 rental units and up to 60 home ownership units. In addition, four of the local partners are improving the asset and property management operations of 806 existing units for 4,030 farmworkers and their family members. Combined with the previous year's capacity partnerships, the Trust has invested in affordable housing for an estimated total of 7,000 farmworkers and dependents in over 550 homes.The Trust also began replicating a successful Internship Program for Diversity in Nonprofit Rural Housing and Community Development. In partnership with the California Coalition for Rural Housing, the Trust placed and is helping train two interns with rural affordable housing developers. Both interns are students of color from rural communities. The internships are for 12 months and include both classroom and on-the-job training to prepare students for highly responsible positions in housing and community development.
Operating model
- Revenue model
- Grant-funded. 83% of the money available for current operations came from government grants.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
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: NotEnoughData
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 35
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- 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: Pass
Sustainability
- Operating margin: 1.1%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0.29; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 31.4%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 15 of 15 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $287K in reported program spending
- Leadership: top reported pay $98K · 16 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- Review — Sustainability: Operating margin scored 54/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- High — Sustainability: Officer compensation ratio scored 12/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.