Nonprofit · EIN 27-1202317
HOME TRUST OF SKAGIT
Tax-exempt · MOUNT VERNON, WA 98273
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $372,472 | $413,287 | -$40,815 | $2,209,469 | $1,342,690 | $866,779 |
| December 31, 2023 | 990 | $797,124 | $299,023 | $498,101 | $2,459,510 | $1,551,380 | $908,130 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $198,004
- of which government grants
- $175,939
- Membership dues
- $65
- Program service revenue
- $148,911
- Investment income
- $24,680
- Other revenue
- $877
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $70,000
- Other salaries and wages
- $51,448
- Salaries, compensation and benefits (total)
- $148,599
- Professional fundraising fees
- $0
- Legal fees
- $4,864
- Accounting fees
- $6,886
- Occupancy
- $39,764
- Travel
- $2,601
- Depreciation
- $22,976
- Program services (functional)
- $354,212
- Management and general (functional)
- $59,075
Balance sheet and other
- Total assets, start of year
- $2,459,510
- Total assets, end of year
- $2,209,469
- Total liabilities, end of year
- $1,342,690
- Net assets, end of year
- $866,779
- Land, buildings and equipment
- $1,650,656
- Net assets without donor restrictions
- $866,779
- Gross receipts
- $372,472
- Employees
- 2
- Year formed
- 2009
- State of legal domicile
- WA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Felicia Minto | Executive Dir. Trustee or director | 44 | $70,000 |
| Mary Hudson | Director Trustee or director | 0.25 | $0 |
| Scott Thomas | Director Trustee or director | 0.25 | $0 |
| Becki Bell | Treasurer Trustee or director, Officer | 3 | $0 |
| Susan Rowe | Director Trustee or director | 0.25 | $0 |
| Jennifer Martin | President Trustee or director, Officer | 1 | $0 |
| Michele Metcalf | Vice President Trustee or director, Officer | 1 | $0 |
| Raul Badillo | Director Trustee or director | 0 | $0 |
| Richard Brocksmith | Director Trustee or director | 0 | $0 |
| Garrett Michael | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Felicia Minto | Executive Dir. Trustee or director | 44 | $10,635 |
| Mary Hudson | President Trustee or director, Officer | 1 | $0 |
| Scott Thomas | Director Trustee or director | 1 | $0 |
| Raul Badillo | Director Trustee or director | 1 | $0 |
| Becki Bell | Treasurer Trustee or director, Officer | 3 | $0 |
| Susan Rowe | Director Trustee or director | 0 | $0 |
| Justin Barnes | Secretary Trustee or director, Officer | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 612 S 1ST ST, MOUNT VERNON, WA 98273-3811
- Principal officer (990 for 2024)
- Becki Bell, 241 S Burlington Blvd, Burlington, WA 982331708
- Signed the 990
- Felicia Minto, Executive Director
- Phone
- (360) 428-0014
- Return prepared by
- Shamballa Centre LLC
Mission
TRUST ORGANIZATION, IS INCORPORATED TO HELP HOMEOWNERS IN SKAGIT COUNTY, WASHINGTON, SECURE AFFORDABLE HOMES AND ACHIEVE AN EQUITY RETURN ON THEIR INVESTMENT.
Program accomplishments
- THE HOME TRUST OF SKAGIT - A COMMUNITY LAND TRUST, SECURES AND MAINTAINS RENTAL UNITS TO BRING AFFORDABLE HOUSING TO FAMILIES IN THE SKAGIT VALLEY. WE HAVE HELPED OVER 26 INDIVIDUALS AND FAMILIES HAVE SECURE HOUSING DURING CRISIS.Expenses $226,687
- OUR GOAL IS TO HAVE HOMES IN NEIGHBORHOODS AND COMMUNITIES THROUGHOUT SKAGIT COUNTY, PROVIDING OPPORTUNITIES FOR HOME OWNERSHIP AND EQUITY RETURNS. WE PARTNER WITH THE COMMUNITY AT LARGE TO OBTAIN GRANTS TO ASSIST WITH DOWNPAYMENTS FOR INDIVIDUAL HOMES, BUIDLING AND MANAGING THE BUILDING OF AFFORDABLE HOMES.Expenses $96,955
- WE HAVE 99 YEAR GROUND LEASES ON HOMES WE HAVE SOLD THROUGHOUT THE SKAGIT VALLEY BOTH IN OUR OWN DEVELOPMENT, SUMMERLYND, AND WHAT WE CALL SCATTERED SITES. THESE ARE AFFORDABLE HOMES WE HAVE HELPED MEMBERS TO PURCHASE THROUGHOUT THE SKAGIT VALLEY.Expenses $22,976
- All otherExpenses $7,594
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1202317
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $2,209,469
- Income (IRS master file)
- $372,472
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $372,472 | $413,287 | $2,209,469 | XML |
| 990 | December 2023 | $797,124 | $299,023 | $2,459,510 | XML |
| 990 | December 2022 | $242,949 | $242,300 | $1,963,439 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1202317).
Questions about HOME TRUST OF SKAGIT
- What is the EIN of HOME TRUST OF SKAGIT?
- The employer identification number (EIN) of HOME TRUST OF SKAGIT is 27-1202317.
- Is HOME TRUST OF SKAGIT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to HOME TRUST OF SKAGIT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOME TRUST OF SKAGIT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOME TRUST OF SKAGIT due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOME TRUST OF SKAGIT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOME TRUST OF SKAGIT?
- The 990 for the year ended December 31, 2024 names Becki Bell.
- Who are the officers and directors of HOME TRUST OF SKAGIT?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $70,000 (Felicia Minto, Executive Dir.).
- How much revenue does HOME TRUST OF SKAGIT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $372,472, expenses of $413,287 and total assets of $2,209,469 at year end.
Other nonprofits in MOUNT VERNON
- SKAGIT VALLEY HOSPITALITY HOUSE ASSOCIATION EIN 91-1335750 · last filed 990 for 2024
- SKAGIT COUNCIL HOUSING EIN 91-1102645 · last filed 990 for 2026
- MOUNT VERNON MANOR ANNEX EIN 86-1208157 · last filed 990 for 2026
- LUNOUS EIN 87-1453906 · last filed 990-EZ for 2024
- LOVING HOG FOUNDATION EIN 82-4916938 · last filed 990-N for 2025
- COMMUNITY ACTION OF SKAGIT COUNTY EIN 91-1140086 · last filed 990 for 2024
- THE SKAGIT VALLEY FAMILY YMCA EIN 91-0565022 · last filed 990 for 2025
- NORTHWEST WASHINGTON ELECTRICAL INDUSTRY JOINT APPRENTICESHIP & EIN 91-6170495 · last filed 990 for 2025
All nonprofits in MOUNT VERNON · Washington · Housing and shelter