Low Income Housing Institute
92% goes to programs $1 to raise $100 Strong reserves Growing revenue
Low Income Housing Institute is a 501(c)(3) organization based in Seattle, Washington, registered in 1997, with $108,602,261 in FY2024 revenue. CharityIndex grades it A, and it directs about 92% of spending to programs.
1253 S Jackson St Ste A, Seattle, WA, 98144 EIN 94-3155150 Since 1997
Revenue (FY2024)
$108.6M
▼ 16.0% vs prior year
Unknown median: $232K
Expenses (FY2024)
$79.2M
Net assets
$204.4M
Employees
693
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating92% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Low Income Housing Institute: 92% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating31 mo reserves · +27% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Low Income Housing Institute: 31 mo reserves · +27% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Low Income Housing Institute: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Low Income Housing Institute: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The low income housing institute develops, owns and operates housing for the benefit of low-income, homeless and formerly homeless people; advocates for just housing policies at the local and national levels; and administers a range of supportive service programs to assist those we serve in maintaining stable housing and increasing their self-sufficiency.
What they do
Housing services - own or manage low-income and transitional housing projects totaling more than 2,891 units.
Shelter program - technical assistance, management assistance, advocacy, case management, and fundraising for over 2,400 homeless people living in tents, tiny houses at 19 villages, and 5 enhanced shelters.
General resident services for the low income housing projects, supportive housing and special needs assistance.
Contact & location
- Address
- 1253 S Jackson St Ste A, Seattle, WA, 98144
- City
- Seattle
- State
- Washington
- Category
- Unknown
- Subcategory
- Unknown — other (Z9x)
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $6.9M (FY2013) to $108.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $285.7MNet assets $204.4M
Operating margin
27.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$490.1M
Total liabilities
$285.7M
Net assets
$204.4M
Salaries & benefits
$25.6M
32% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $108,602,261▼16.0% | $79,209,884▲3.3% | $204,383,385▲16.8% | $490,121,194▲19.3% | 990 |
| 2023 | $129,287,303▲70.9% | $76,644,944▲47.2% | $174,991,008▲43.0% | $410,965,308▲17.6% | 990 |
| 2022 | $75,635,152▲53.0% | $52,079,267▲44.7% | $122,348,649▲31.3% | $349,441,592▲37.6% | 990 |
| 2021 | $49,435,203▲55.2% | $36,002,022▲35.0% | $93,177,523▲16.8% | $253,877,593▲57.6% | 990 |
| 2020 | $31,844,353▼26.0% | $26,677,806▲21.0% | $79,744,342▲6.9% | $161,107,039▲6.7% | 990 |
| 2019 | $43,014,595▲63.9% | $22,042,639▼0.1% | $74,577,795▲39.2% | $151,055,606▲17.5% | 990 |
| 2018 | $26,248,138▲34.3% | $22,059,293▲24.2% | $53,588,545▲15.7% | $128,610,469▲33.7% | 990 |
| 2017 | $19,550,440▲21.9% | $17,763,348▲17.8% | $46,314,001▲4.0% | $96,203,730▲2.0% | 990 |
| 2016 | $16,033,699▼34.6% | $15,075,433▲18.0% | $44,544,415▲6.6% | $94,310,501▲15.5% | 990 |
| 2015 | $24,511,235▲130% | $12,773,110▲56.7% | $41,794,161▲27.6% | $81,671,807▲40.6% | 990 |
| 2014 | $10,673,015▲54.0% | $8,151,624▲9.0% | $32,747,259▲8.2% | $58,071,841▲11.7% | 990 |
| 2013 | $6,932,216 | $7,476,282▲10.7% | $30,269,115▼1.8% | $51,990,827▼0.5% | 990 |
| 2012 | — | $6,751,041▼5.3% | $30,813,181▲4.3% | $52,232,418▲3.3% | 990 |
| 2011 | — | $7,128,189▼2.9% | $29,550,175▲105% | $50,568,103▲0.8% | 990 |
| 2010 | — | $7,337,772 | $14,394,060 | $50,145,021 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Sharon Lee — $338,376 (0.43% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Sharon Lee | Executive Director | 40 | $338,376 |
| Lynne Behar | Chief Financial Officer | 40 | $202,095 |
| Ralph Neis | Senior Director of Special Projects and Operations | 40 | $165,550 |
| John Syverson | Facilities Director | 40 | $161,328 |
| John Torrence | Director of Housing Development | 40 | $159,844 |
| Tony Williams | Director of Housing Management (termination Date 1 | 40 | $135,714 |
| Jon Grant | Chief Strategy Officer | 40 | $120,235 |
| Brione Scott | Director | 0.5 | — |
| Bryan M Park | Treasurer | 0.5 | — |
| Cathy Danigelis | Vice President | 0.5 | — |
| Duncan Haas | Director | 0.5 | — |
| Herman Kahaloa | Director | 0.5 | — |
| Kevin Nguyen | Director (joined Apr 2024) | 0.5 | — |
| Linda Battles | Director | 0.5 | — |
| Marvin Dumas | Director | 0.5 | — |
| Melinda Nichols | President | 1 | — |
| Nancy Bennett Evans | Secretary | 0.5 | — |
| Peter Guzman | Director | 0.5 | — |
| Tom Mathews | Director | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Walsh Construction Co - Wa | Construction Contractor Services | $12,458,220 |
| Deacon Construction LLC | Construction Contractor Services | $7,379,211 |
| Uplift Northwest | Non-profit Temporary Staffing Services | $2,640,089 |
| Runberg Architecture Group Pllc | Architect Design Services | $1,329,448 |
| Operation Sack Lunch | Non-profit Daily Meal For Homeless Servi | $1,072,158 |
Grants received · $14.1M total
146 grants to Low Income Housing Institute totaling $14.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Philadelphia Foundation | Support the mlk project | 2024 | $850,000 |
| Enterprise Community Partners Inc | Upward mobility - cross sector partnerships | 2024 | $340,000 |
| American Online Giving Foundation Inc | General support | 2024 | $133,405 |
| The Seattle Foundation | To provide general support | 2024 | $80,000 |
| Mightycause Charitable Foundation | Unrestricted | 2024 | $33,738 |
| The Seattle Foundation | To support the annual fund | 2024 | $7,500 |
| Impactassets Inc | General support | 2024 | $5,250 |
| The Seattle Foundation | To provide general support | 2024 | $5,000 |
| The Seattle Foundation | To provide general support | 2024 | $2,500 |
| Neighborhood Reinvestment Corp | General support | 2023 | $501,750 |
| Impactassets Inc | General support | 2023 | $205,000 |
| Enterprise Community Partners Inc | Acquisition and rehab of affordable housing | 2023 | $183,216 |
| American Online Giving Foundation Inc | General support | 2023 | $114,281 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $95,575 |
| The Seattle Foundation | To provide general support. | 2023 | $60,000 |
Grants made · $30K in FY2024
3 grants totaling $30K in FY2024. All grants made by Low Income Housing Institute →
| Recipient | Purpose | Amount |
|---|---|---|
| House Our Neighbors | To further the mission of the foundation | $15,000 |
| Asia Pacific Cultural Center | To further the mission of the foundation | $10,150 |
| Sound Foundations Nw | To further the mission of the foundation | $5,100 |
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Frequently asked questions
- Is Low Income Housing Institute a legitimate nonprofit?
- Yes. Low Income Housing Institute is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 94-3155150, based in Seattle, Washington. Donations are tax-deductible.
- What is Low Income Housing Institute's EIN?
- Low Income Housing Institute's Employer Identification Number (EIN) is 94-3155150.
- How much revenue does Low Income Housing Institute report?
- Low Income Housing Institute reported $108,602,261 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Low Income Housing Institute's spending goes to programs?
- Low Income Housing Institute spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Low Income Housing Institute have?
- CharityIndex grades Low Income Housing Institute A, based on program efficiency and fundraising cost.
- How much does Low Income Housing Institute's highest-paid employee make?
- The highest reported compensation on Low Income Housing Institute's latest Form 990 is $338,376, paid to Sharon Lee (Executive Director).
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Data for Low Income Housing Institute (EIN 94-3155150) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.