2025-08-07T17:06:06-05:00 2024-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 2707 COLBY AVENUE SUITE 801 EVERETT WA 98201 990 2023-10-01 911522679 WASHINGTON COMMUNITY REINVESTMENT ASSOCIATION WASH 2062922922 1200 FIFTH AVE SUITE 1406 1406 SEATTLE WA 98101 CHRISTINE ROVEDA PRESIDENT 2062922922 2025-08-07 1 1 CLAIRE KIDD P01944808 4252597227 2025-08-07 2023 2025-03-06 01:10:19Z CHRISTINE ROVEDA 1200 FIFTH AVE SUITE 1406 1406 SEATTLE WA 98101 7224499 0 X WWW.WCRA.NET X 1991 WA THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING IN WASHINGTON STATE. 13 12 10 24 0 0 7500 8500 6759305 7000946 62747 215053 0 0 6829552 7224499 10000 10000 0 0 899330 891055 0 0 0 5673467 5964450 6582797 6865505 246755 358994 128543683 133044181 122584771 126726275 5958912 6317906 THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING IN WASHINGTON STATE. TO EXPAND RESOURCES FOR REAL ESTATE BASED COMMUNITY DEVELOPMENT, AND TO BE A VOICE FOR ITS MEMBER FINANCIAL INSTITUTIONS ON AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT ISSUES. 0 0 6188898 10000 6905556 PROVIDE PERMANENT FINANCING AND TECHNICAL ASSISTANCE TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING AND REALTY-BASED ECONOMIC DEVELOPMENT IN WASHINGTON. ESTABLISHED TO ASSIST POTENTIAL BORROWERS IN OBTAINING PERMANENT FINANCING FOR MULTI-FAMILY PROJECTS VIA LOANS PARTICIPATED IN BY WCRA'S MEMBERS. 141291 95390 THE WELL PROGRAM IS A STATE FUNDED PROGRAM TO PROVIDE TECHNICAL ASSISTANCE, LOANS AND GRANTS TO EARLY LEARNING AND CHILDCARE PROVIDERS ACROSS THE STATE OF WASHINGTON. THE WCRA ADMINISTERS THE PROGRAM AND PROVIDES LENDING TECHNICAL ASSISTANCE, LOAN UNDERWRITING AND MANAGEMENT, PARTNERING WITH OTHER NONPROFITS WHO PROVIDE TECHNICAL ASSISTANCE AND GRANT FUNDING. 6330189 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 10 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X X ROSE MINIER 2066220767 1200 FIFTH AVE SUITE 1406 SEATTLE WA 98101 SUSAN DUREN FORMER PRESIDENT (THRU 06/23) 40.00 X X 168766 0 42434 CHRISTINE ROVEDA PRESIDENT (FROM 07/23) 40.00 X X 127528 0 15644 BOB POWERS CHAIR 0.50 X X 0 0 0 TIM GRANT VICE CHAIR 0.50 X X 0 0 0 DUSTIN KOONS SECRETARY 0.50 X X 0 0 0 KIM ETHERTON TREASURER 0.50 X X 0 0 0 JENNIFER A BARNES DIRECTOR 0.50 X 0 0 0 JONATHAN CLARKE DIRECTOR 0.50 X 0 0 0 MIKE GILMORE DIRECTOR 0.50 X 0 0 0 KRIS HOLLINGSHEAD DIRECTOR 0.50 X 0 0 0 TEDD KELLEHER DIRECTOR 0.50 X 0 0 0 BRETT MANNING DIRECTOR 0.50 X 0 0 0 CALEB STEPHENS DIRECTOR 0.50 X 0 0 0 STEPHEN WALKER DIRECTOR 0.50 X 0 0 0 ANGEL RATLIFF VICE PRESIDENT 40.00 X 134533 0 25811 430827 0 83889 3 0 1 0 FALKIN ASSOCIATES 7900 E GREENLAKE DR SUITE 208 SEATTLE WA 98103 SUBCONTRACTED CONSTRUCTION MONITORING 278958 ENTERPRISE COMMUNITY PARTNERS 2025 1ST AVE SUITE 1250 SEATTLE WA 98121 SUBCONTRACTED WELL TECHNICAL ASSISTANCE 157897 NWM RISK MANAGEMENT PO BOX 25362 PORTLAND OR 97298 SUBCONTRACTED CONSTRUCTION MONITORING 119038 3 8500 8500 LOAN INTEREST 525990 5872285 5872285 CONSTRUCTION REVIEW 525990 536407 536407 LOAN FEES 525990 322852 322852 ADMINISTRATIVE SERVICE 525990 141291 141291 AGENCY INCOME 525990 128111 128111 7000946 215053 215053 7224499 7000946 0 215053 10000 10000 429738 330898 98840 71474 55035 16439 230170 177231 52939 98992 76224 22768 60681 46724 13957 53850 53850 75353 75353 562807 422105 140702 12161 9121 3040 54083 40562 13521 112253 84190 28063 11567 8675 2892 5135 3851 1284 4816073 4816073 2447 1835 612 51431 46288 5143 PROVISION FOR LOAN LOSS 169903 169903 LICENSE AND FEES 18196 16376 1820 DUES AND SUBSCRIPTIONS 5857 4393 1464 SERVICE CHARGES 2712 2712 10622 7993 2629 6865505 6330189 535316 0 12112180 4805695 2343604 3103397 610643 694115 2639917 9589035 111559 60084 60390 55155 4882 5235 561 561 110330187 114493681 390150 292378 128543683 133044181 271698 381793 12652431 12684002 108811383 112832176 849259 828304 122584771 126726275 X 5958912 6317906 5958912 6317906 128543683 133044181 358994 0 X 0 1 X 1 0 X 118000 15259 2500 7500 8500 151759 6165548 6200044 6448404 6759305 7000946 32574247 6283548 6215303 6450904 6766805 7009446 32726006 0 1675864 1728000 1658332 1566783 1560345 8189324 1675864 1728000 1658332 1566783 1560345 8189324 24536682 36151 10818 19940 62747 215053 344709 36151 10818 19940 62747 215053 344709 6319699 6226121 6470844 6829552 7224499 33070715 0.74190 0.73990 0.01040 0.00530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60390 55155 5235 5235 PROGRAM RELATED LOANS 114493681 C 114493681 INTEREST PAYABLE - MEMBER BANK 447809 LEASE LIABILITY 327952 UNFUNDED COMMITMENTS 52543 828304 X PART X, LINE 2: ON JUNE 17, 1996, THE ASSOCIATION RECEIVED AN INTERNAL REVENUE SERVICE DETERMINATION LETTER REAFFIRMING THE ASSOCIATION'S STATUS AS A PUBLICLY SUPPORTED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS IN NONINTEREST EXPENSE. THE ASSOCIATION HAD NO UNRECOGNIZED TAX BENEFITS AT SEPTEMBER 30, 2024 OR 2023. THE ASSOCIATION FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION. X 0 0 0 1 0 0 0 0 0 SUSAN DUREN FORMER PRESIDENT (THRU 06/23) 108454 0 42269 0 18043 0 11701 0 30733 0 211200 0 0 0 ANGEL RATLIFF VICE PRESIDENT 98769 0 31914 0 3850 0 8174 0 17637 0 160344 0 0 0 PART I, LINE 5 THE COMPANY HAS AN EMPLOYEE BONUS PLAN THAT IS A CALCULATION OF VARIOUS PERFORMANCE AREAS. THE MAXIMUM AMOUNT OF THE POOL AVAILABLE FOR BONUS ALLOCATION IS EQUAL TO 25% OF THE NET REVENUE PER THE BUDGET VARIANCE REPORT SHOWN ON THE 4TH QUARTER FINANCIAL STATEMENTS AFTER CERTAIN ADJUSTMENTS ARE MADE. THE PERCENTAGE OF DISTRIBUTION OF THE POOL WILL BE DETERMINED BASED ON THE PERFORMANCE CRITERIA (GOALS) ADOPTED BY THE EXECUTIVE COMMITTEE OF THE WCRA BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 AS MANY BOARD MEMBERS ARE EMPLOYED BY EITHER MEMBER BANKS OR WITHIN THE BANKING/FINANCIAL INDUSTRY THEY MAY HAVE BUSINESS RELATIONSHIPS OUTSIDE OF THEIR BOARD RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 33 MEMBER BANKS. FORM 990, PART VI, SECTION A, LINE 7A THE VOTING DELEGATES OF THE MEMBER BANKS VOTE ON THE BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE VOTING DELEGATES OF THE MEMBER BANKS VOTE ON THE BOARD MEMBERS. THE MEMBER BANKS ALSO VOTE TO AUTHORIZE ANY OF THE FOLLOWING ACTIONS: (A) THE AMENDMENT OF THE ARTICLES OF INCORPORATION (B) THE MERGER OR CONSOLIDATION OF THE CORPORATION (C) THE SALE, LEASE, EXCHANGE, OR OTHER DISPOSITION OF ALL, OR SUBSTANTIALLY ALL, THE PROPERTY AND ASSETS OF THE CORPORATION (D) THE DISTRIBUTION OF ASSETS OF THE CORPORATION (E) THE DISSOLUTION OF THE CORPORATION (F) THE REVOCATION OF DISSOLUTION PROCEEDINGS FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE EMAILED TO ALL BOARD OF DIRECTORS FOR THEIR REVIEW BEFORE THE RETURN IS FILED BY THE TAXPAYER. THE FORM 990 IS REVIEWED BY MANAGEMENT BEFORE IT IS PROVIDED TO THE FULL BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION COLLECTS SIGNATURES FROM BOARD, COMMITTEES, AND EMPLOYEES CERTIFYING THAT THEY ARE AWARE OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND THAT THEY DO NOT HAVE A CONFLICT OF INTEREST. IF A PERSON DOES HAVE A CONFLICT OF INTEREST THEY ARE REQUIRED TO DISCLOSE IT ON THE ANNUAL CERTIFICATION. THE ANNUAL CERTIFICATIONS ARE REVIEWED BY STAFF AND ANY POTENTIAL CONFLICTS ARE ESCALATED TO THE PRESIDENT FOR FURTHER REVIEW AND INQUIRY. ANY BOARD MEMBERS WITH A CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM ANY DISCUSSION RELATED TO THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A HISTORICAL AND MARKET SALARIES FOR THE POSITION WERE USED BY THE EXECUTIVE COMMITTEE OF THE BOARD IN DETERMINING THE PRESIDENT'S COMPENSATION. THIS REVIEW AND APPROVAL WAS DONE IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAINTAINS ITS FORM 1023 AS AN ELECTRONIC FILE AT THE OFFICES OF WCRA AS WELL AS ON ITS WEBSITE. THE ANNUAL REPORT INCLUDING THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE THRU THE ORGANIZATION'S WEBSITE AND CAN BE MAILED TO ANYONE REQUESTING A COPY. THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE OFFICES OF WCRA. 1200 5TH LLC 1200 5TH AVENUE SUITE 1406 SEATTLE WA 98101 911522679 AGENT FOR WCRA LOAN ACTIVITY. WA 128111 0 WASHINGTON COMMUNITY REINVESTMENT ASSOC