Lihi Cascade Senior Housingdevelopment
Lihi Cascade Senior Housingdevelopment experiences significant revenue and asset growth in its latest fiscal year.
EIN: 208615152 · Seattle, WA · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $635K |
| Total Expenses | $389K |
| Program Spending | 90% |
| Net Assets | $6.4M |
| Transparency Score | 85/100 |
Is Lihi Cascade Senior Housingdevelopment Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lihi Cascade Senior Housingdevelopment directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lihi Cascade Senior Housingdevelopment
Lihi Cascade Senior Housingdevelopment (EIN: 208615152) is a nonprofit organization based in Seattle, WA, classified under NTEE code L20. The organization reported total revenue of $635K and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lihi Cascade Senior Housingdevelopment's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lihi Cascade Senior Housingdevelopment is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $389K |
| Surplus / Deficit | +$1.1M |
| Total Assets | $9.2M |
| Total Liabilities | $2.9M |
| Net Assets | $6.4M |
| Operating Margin | 73.5% |
| Debt-to-Asset Ratio | 30.9% |
| Months of Reserves | 284.4 months |
Financial Health Grade: A
In 2023, Lihi Cascade Senior Housingdevelopment reported a surplus of $1.1M with revenue exceeding expenses, holds 284.4 months of operating reserves (strong position), has a debt-to-asset ratio of 30.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lihi Cascade Senior Housingdevelopment's revenue has grown at a compound annual growth rate (CAGR) of 21.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +910.0% | +947868.3% | +72.9% |
| 2022 | +0.0% | -12.8% | +2.8% |
| 2021 | +0.0% | +17.5% | +2.9% |
| 2020 | +0.0% | +8.1% | +3.0% |
| 2019 | +0.0% | +0.0% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lihi Cascade Senior Housingdevelopment with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Lihi Cascade Senior Housingdevelopment allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive direct compensation from this specific entity, which is a positive sign for donor confidence.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lihi Cascade Senior Housingdevelopment's IRS 990 filings:
- Historically extremely low reported expenses prior to 202312, which could obscure true operational costs if borne by a related entity.
Strengths
The following positive indicators were identified for Lihi Cascade Senior Housingdevelopment:
- Significant growth in revenue and assets in the latest fiscal year (202312), indicating strong financial momentum.
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds for mission-related activities.
- Strong asset base of over $9.2 million in 202312, providing financial stability.
- Clear alignment between organization name, NTEE code, and implied mission (housing development).
Frequently Asked Questions about Lihi Cascade Senior Housingdevelopment
Is Lihi Cascade Senior Housingdevelopment a legitimate charity?
Lihi Cascade Senior Housingdevelopment (EIN: 208615152) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $635K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Lihi Cascade Senior Housingdevelopment spend its money?
Lihi Cascade Senior Housingdevelopment directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lihi Cascade Senior Housingdevelopment tax-deductible?
Lihi Cascade Senior Housingdevelopment is registered as a tax-exempt nonprofit (EIN: 208615152). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lihi Cascade Senior Housingdevelopment's spending goes to programs?
Lihi Cascade Senior Housingdevelopment directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lihi Cascade Senior Housingdevelopment compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lihi Cascade Senior Housingdevelopment is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lihi Cascade Senior Housingdevelopment located?
Lihi Cascade Senior Housingdevelopment is headquartered in Seattle, Washington and files with the IRS under EIN 208615152. It is classified under NTEE code L20.
How many years of IRS 990 filings does Lihi Cascade Senior Housingdevelopment have?
Lihi Cascade Senior Housingdevelopment has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $635K in total revenue.
What caused the dramatic increase in revenue and assets in the 202312 filing?
The filings do not provide specific details, but the jump from $145,427 in revenue to $1,468,796 and assets from $5,326,859 to $9,212,002 suggests a major grant, successful fundraising campaign, or significant property acquisition/development.
How does Lihi Cascade Senior Housingdevelopment manage its operational expenses given the historically low figures?
Prior to 202312, expenses were consistently extremely low (e.g., $41 in 202212), which is unusual for a housing development organization. This could indicate that operational costs are borne by a parent organization or related entity, or that the entity was largely dormant in those periods. The 202312 expenses of $388,667 are more typical for an active organization.
Is the organization financially stable despite the increase in liabilities?
Yes, despite the increase in liabilities to $2,850,818 in 202312, the organization's assets also significantly increased to $9,212,002, maintaining a strong asset-to-liability ratio, indicating good financial health.
Filing History
IRS 990 filing history for Lihi Cascade Senior Housingdevelopment showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lihi Cascade Senior Housingdevelopment's revenue has grown by 910%, moving from $145K to $1.5M. Total assets increased by 147.1% over the same period, from $3.7M to $9.2M. Total functional expenses rose by 1177678.8%, from $33 to $389K. In its most recent filing year (2023), Lihi Cascade Senior Housingdevelopment reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $2.9M in liabilities against $9.2M in assets (debt-to-asset ratio: 30.9%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $389K | $9.2M | $2.9M | — | — |
| 2022 | $145K | $41 | $5.3M | $3.3M | — | View 990 |
| 2021 | $145K | $47 | $5.2M | $3.3M | — | View 990 |
| 2020 | $145K | $40 | $5.0M | $3.3M | — | View 990 |
| 2019 | $145K | $37 | $4.9M | $3.3M | — | View 990 |
| 2018 | $145K | $37 | $4.7M | $3.3M | — | View 990 |
| 2017 | $145K | $40 | $4.6M | $3.3M | — | View 990 |
| 2016 | $145K | $42 | $4.5M | $3.3M | — | View 990 |
| 2015 | $145K | $40 | $4.3M | $3.3M | — | View 990 |
| 2014 | $145K | $36 | $4.2M | $3.3M | — | View 990 |
| 2013 | $145K | $37 | $4.0M | $3.3M | — | View 990 |
| 2012 | $145K | $37 | $3.9M | $3.3M | — | View 990 |
| 2011 | $145K | $33 | $3.7M | $3.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $389K, and assets of $9.2M (revenue +910.0% year-over-year).
- 2022: Revenue of $145K, expenses of $41, and assets of $5.3M (revenue +0.0% year-over-year).
- 2021: Revenue of $145K, expenses of $47, and assets of $5.2M (revenue +0.0% year-over-year).
- 2020: Revenue of $145K, expenses of $40, and assets of $5.0M (revenue +0.0% year-over-year).
- 2019: Revenue of $145K, expenses of $37, and assets of $4.9M (revenue +0.0% year-over-year).
- 2018: Revenue of $145K, expenses of $37, and assets of $4.7M (revenue +0.0% year-over-year).
- 2017: Revenue of $145K, expenses of $40, and assets of $4.6M (revenue +0.0% year-over-year).
- 2016: Revenue of $145K, expenses of $42, and assets of $4.5M (revenue +0.0% year-over-year).
- 2015: Revenue of $145K, expenses of $40, and assets of $4.3M (revenue +0.0% year-over-year).
- 2014: Revenue of $145K, expenses of $36, and assets of $4.2M (revenue +0.0% year-over-year).
- 2013: Revenue of $145K, expenses of $37, and assets of $4.0M (revenue +0.0% year-over-year).
- 2012: Revenue of $145K, expenses of $37, and assets of $3.9M (revenue +0.0% year-over-year).
- 2011: Revenue of $145K, expenses of $33, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lihi Cascade Senior Housingdevelopment:
Data Sources and Methodology
This transparency report for Lihi Cascade Senior Housingdevelopment is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.