2024-10-23T07:36:15-05:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 911122621 PLYMOUTH HOUSING GROUP AND SUBSIDIARIES PLYM 2062100510 2113 THIRD AVENUE SEATTLE WA 98121 JOHN SIDDALL CHIEF FINANCIAL OFFICER 2062100510 2024-10-22 1 0 MICHAEL BREINING P01736574 3178485700 2023 2024-10-15 13:58:12Z JOHN SIDDALL 2113 THIRD AVENUE SEATTLE WA 98121 63843808 0 X WWW.PLYMOUTHHOUSING.ORG X 1980 WA DEVELOPS AND MANAGES AFFORDABLE HOUSING FOR HOMELESS AND VERY LOW INCOME INDIVIDUALS. 20 20 429 150 16837 0 31729410 47377731 12145091 13448227 -1225735 971967 -461863 -1407369 42186903 60390556 11618391 12535639 0 0 20598229 31300920 0 0 1865551 23736799 28944452 55953419 72781011 -13766516 -12390455 321439430 350186018 174819380 192614078 146620050 157571940 X PLYMOUTH WORKS TO ELIMINATE HOMELESSNESS & ADDRESS ITS CAUSES BY PRESERVING, DEVELOPING & OPERATING SAFE, QUALITY, SUPPORTIVE HOUSING & BY PROVIDING HOMELESS ADULTS WITH OPPORTUNITIES TO STABILIZE & IMPROVE THEIR LIVES. 0 0 45429087 12535639 3488121 SOCIAL SERVICES - PLYMOUTH OPERATES OVER 1,431 HOUSING UNITS FOR INDIVIDUALS EXITING HOMELESSNESS, MANY OF WHOM HAVE SIGNFICANT PHYSICAL AND BEHAVIORAL HEALTH NEEDS, DISABILITIES, REPEAT INTERACTION WITH HOSPITALS, PSYCHIATRIC INSTITUTIONS, AND SHELTERS, AND INVOLVEMENT WITH THE CRIMINAL JUSTICE SYSTEM. PLYMOUTH PROVIDES A RANGE OF SUPPORTIVE SERVICES TO HELP TENANTS REMAIN STABLY HOUSED. PLYMOUTH'S CASE MANAGEMENT APPROACH EMPHASIZES PROACTIVE, ASSERTIVE ENGAGEMENT WITH TENANTS. STAFF NURTURE TRUSTING LONG-TERM RELATIONSHIPS TO PROVIDE A BASE FOR INCREASED STABILITY AND RECOVERY. SERVICES ARE VOLUNTARY BUT STAFF ARE PROACTIVE AND PERSISTENT IN BUILDING A RELATIONSHIP, OFFERING SERVICES AND SUPPORT. STAFF ARE TRAINED IN MOTIVATIONAL INTERVIEWING TECHNIQUES, HARM REDUCTION, DE-ESCALATION, AND TRAUMA INFORMED CARE. STAFF MEET WITH NEW TENANTS TO COMPLETE AN ASSESSMENT AND HOUSING SERVICES PLAN FOCUSING ON THE TENANT'S SELF-IDENTIFIED NEEDS AND GOALS. STAFF WORK WITH TENANTS TO MEET THEIR GOALS BY HELPING THEM ACCESS NEEDED COMMUNITY SERVICES SUCH AS: MEDICAL, DENTAL, BEHAVIORAL HEALTH CARE AND TREATMENT, VETERANS SERVICES, LEGAL SERVICES, FOOD BANKS, CHORE SERVICES, PAYEE SERVICES, EMPLOYMENT AND VOLUNTEER OPPORTUNITIES. STAFF ALSO WORK WITH TENANTS TO QUALIFY FOR INCOME SUPPORT PROGRAMS AND IMPROVE SKILLS NEEDED TO MAINTAIN STABLE HOUSING, EITHER THROUGH DIRECT SUPPORT OR REFERRAL TO COMMUNITY PARTNERS. STAFF OFFER SUPPORT FOR TENANTS STRUGGLING WITH PERSONAL CRISES, THOSE FACING CHRONIC ILLNESS AND DEATH, MAKING END OF LIFE DECISIONS, AND SEEKING RECONNECTION WITH FAMILY MEMEBERS. PLYMOUTH ALSO OPERATES THE SHELTER PLUS CARE PROGRAM (SPC) AND THE SCATTERED SITES PROGRAM (SSP), WHICH ARE SUPPORTIVE HOUSING PROGRAMS FOR HOMELESS, DISABLED AND LOW-INCOME INDIVIDUALS AND FAMILIES. SPC & SSP PROGRAMS PROVIDE HOUSING SUBSIDY AND CASE MANAGMENT SERVICES TO 1,042 TENANTS THROUGHOUT KING COUNTY. 16745944 9003498 HOUSING PROVIDER - IN 2023, PLYMOUTH HOUSING GROUP (PLYMOUTH) MANAGED 1,622 LOW-INCOME UNITS IN DOWNTOWN SEATTLE OR SURROUNDING NEIGHBORHOODS. OF THESE, 683 UNITS IN 9 BUILDINGS WERE OWNED BY PLYMOUTH, 939 UNITS IN 10 BUILDINGS WERE OWNED BY TAX CREDIT LIMITED LIABILITY COMPANIES IN WHICH PLYMOUTH IS THE MANAGING MEMBER. ALL PLYMOUTH TENANTS HAVE INCOMES BELOW 60% OF THE AREA MEDIAN INCOME (AMI), WITH OVER 1,622 UNITS TARGETING, AND AFFORDABLE TO, HOUSEHOLDS WITH LESS THAN 30% AMI. OVER 1,431 UNITS SERVE INDIVIDUALS COMING FROM HOMELESSNESS, MANY OF WHOM HAVE SPECIAL NEEDS INCLUDING MENTAL ILLNESS, PHYSICAL DISABLILITY, INVOLVEMENT WITH THE CRIMINAL JUSTICE SYSTEM AND BEHAVIORAL HEALTH NEEDS . PLYMOUTH OFFERS ON-SITE CASE MANAGEMENT TO THESE INDIVIDUALS TO ENSURE THEIR HOUSING STABILITY AND PREVENT RELAPSES INTO HOMELESSNESS. DURING 2023, PLYMOUTH OWNED AND MANAGED THE FOLLOWING AFFORDABLE HOUSING PROPERTIES IN SEATTLE: (1) ALMQUIST PLACE, 105 UNITS; (2) DAVID COLWELL BUILDING 126 UNITS; (3) HADDON HALL, 55 UNITS; (4) HUMPHREY HOUSE, 84 UNITS; (5) LEWISTON APARTMENTS, 54 UNITS; (6) PACIFIC APARTMENTS, 112 UNITS; (7) PLYMOUTH ON FIRST HILL, 80 UNITS; (8) PLYMOUTH ON STEWART APARTMENTS, 87 UNITS; (9) PLYMOUTH PLACE APARTMENTS, 73 UNITS, (10) ST CHARLES APARTMENTS, 64 UNITS, (11) SCARGO APARTMENTS, 48 UNITS; (12) SIMONS SENIOR APARTMENTS, 95 UNITS; (13) SYLVIA ODOM'S PLACE, 65 UNITS; (14) WILLIAMS APARTMENTS, 84 UNITS; (15) KRISTEN BENSON PLACE, 93 UNITS; (16) BERTHA PITTS CAMPBELL PLACE, 103 UNITS; AND (17) BLAKE HOUSE, 115 UNITS. 1945606 1048385 HOUSING DEVELOPMENT - IN 2023, CONSTRUCTION WAS COMPLETED ON A PROPERTY LOCATED AT THE CORNER OF MADISON STREET AND BOYLSTON AVENUE (365 UNITS, OF WHICH 115 UNITS WHICH WERE OWNED AND MANAGED BY PLYMOUTH), KNOWN AS BLAKE HOUSE AND A BUILDING LOCATED AT OR ABOUNT 13620 SE EASTGATE WAY IN BELLEVUE (95 UNITS). THESE PROPERTIES ARE NOW PROVIDING 210 UNITS OF LOW-INCOME RESIDENTIAL HOUSING, SERVING PREVIOUSLY HOMELESS RESIDENTS . PLYMOUTH CONTINUED CONSTRUCTIONON PACIFIC APARTMENTS LLC. 64120637 1 1 0 1 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 20 0 1 429 0 1 1 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 WA X X JOHN SIDDALL 2062100510 2113 THIRD AVENUE SEATTLE WA 98121 ANDREW DEVORE TRUSTEE 1.00 X 0 0 0 BEN STRAUGHAN VICE PRESIDENT 1.00 X 0 0 0 CHUCK RILEY TREASURER 1.00 X 0 0 0 DAVID CHEN TRUSTEE 1.00 X 0 0 0 DEB WHITE TRUSTEE 1.00 X 0 0 0 EMILY HESTON TRUSTEE 1.00 X 0 0 0 JANE ZALUTSKY IMMEDIATE PAST PRESIDENT 1.00 X 0 0 0 KALEY RUNSTAD SWAN TRUSTEE 1.00 X 0 0 0 KAREN CHANG SECRETARY 1.00 X 0 0 0 LAINEY SICKINGER PRESIDENT 1.00 X 0 0 0 LAURA BACHMAN TRUSTEE 1.00 X 0 0 0 LAVINA SADHWANI TRUSTEE 1.00 X 0 0 0 MARK BARBIERI TRUSTEE 1.00 X 0 0 0 MARY IVES TRUSTEE 1.00 X 0 0 0 MATTHEW CAZIER TRUSTEE 1.00 X 0 0 0 NELLY MUBASHI TRUSTEE 1.00 X 0 0 0 OLIVIA DOYLE TRUSTEE 1.00 X 0 0 0 SATIS THOMAS TRUSTEE 1.00 X 0 0 0 SEAN BRENNAN TRUSTEE 1.00 X 0 0 0 STEPHANIE KRISTEN TRUSTEE 1.00 X 0 0 0 JOHN R SIDDALL CHIEF FINANCIAL OFFICER 40.00 X 140065 0 7093 KAREN LEE CHIEF EXECUTIVE OFFICER 40.00 X 320449 0 18638 ANDREA CARNES CHIEF OPERATIONS OFFICER 40.00 X 258589 0 21226 HUYNH CHHOR VICE PRESIDENT OF BEHAVIORAL HEALTH INTEGRATION 40.00 X 192684 0 8943 KAREN PETERSON VICE PRESIDENT OF REAL ESTATE 40.00 X 199987 0 18784 KIMBERLY ARRINGTON-WHITE VICE PRESIDENT OF SUPPORTIVE HOUSING 40.00 X 197794 0 20783 SHOKO TOYAMA VP & CHIEF OF DEVELOPMENT & COMMUNITY 40.00 X 202219 0 18550 TIMOTHY M JONES DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 188265 0 18646 1700052 0 132663 33 0 1 0 DAVON EVANS DBA ABSOLUTE QUALITY MOVERS 4547 RAINIER AVE SOUTH STE 508 SEATTLE WA 98118 TRASH REMOVAL/BIO HAZARD/RELOCATION 193797 MONTGOMERY PURDUE BLANKINSHIP & AUSTIN P 701-5TH AVE SUITE 5500 SEATTLE WA 98104 LAW FIRM 112959 DAUBY O'CONNOR & ZALESKI LLC PO BOX 65429 UNIVERSITY PLACE WA 98464 ACCOUNTING FIRM 106552 3 3597243 37882091 5898397 915747 47377731 RENTAL INCOME 531110 13448227 13431390 16837 13448227 1110519 1110519 840573 1721807 -881234 -881234 -881234 763044 160274 763632 298238 -588 -137964 -138552 -138552 0 3597243 668375 -668375 -668375 34826 1200 33626 33626 108614 108614 108614 60390556 13540004 16837 -544016 147296 147296 12388343 12388343 1687215 1071400 343106 272709 23535847 18966186 3898758 670903 790235 635722 115956 38557 2690099 2128009 381853 180237 2597524 2151481 364043 82000 447000 206135 210012 30853 171456 158118 13129 209 114670 29271 2647 82752 1910923 1491189 383931 35803 46431 860 23182 22389 583215 515780 56657 10778 1782526 946738 775356 60432 9719409 9672451 40228 6730 130821 127003 1982 1836 327571 251026 68863 7682 1596085 1596085 10107556 10096632 8536 2388 703827 670497 31824 1506 FUNDRAISING EXPENSES 350760 350760 BAD DEBTS 324808 324628 180 OTHER EXPENSES 324284 288310 34047 1927 LICENSES & FEES 254974 209341 40713 4920 48136 48136 72781011 64120637 6794823 1865551 12420917 9001967 1409877 1415406 7458480 9731519 1990179 3133315 552305 1772297 343471530 71550048 246030635 271921482 4882654 3020639 90440 0 1192741 1640224 45411202 48549169 321439430 350186018 7999411 4926828 450635 636007 60230 58468 164903836 185478486 1405268 1514289 174819380 192614078 X 129712103 146548569 16907947 11023371 146620050 157571940 321439430 350186018 X -12390455 4457290 18885055 X X 0 1 X 1 1 1 X 59638737 35299547 36183167 31729410 47412557 210263418 59638737 35299547 36183167 31729410 47412557 210263418 210263418 586414 383530 176491 232845 492284 1871564 212134982 58464064 0.99120 0.99030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 9846 0 0 9846 0 PART II-B, LINE 1: OUR STAFF ADVOCATED FOR LOW-INCOME HOUSING AND TENANT SERVICES, INCLUDING: MEETINGS WITH ELECTED OFFICIALS AND STAFF. TESTIMONY AT PUBLIC HEARINGS AND MEETINGS. MESSAGES TO ELECTED OFFICIALS AND STAFF. ACTION ALERTS ABOUT ADVOCACY TO ELECTED OFFICIALS. ISSUE RESEARCH AND DISSEMINATION OF RESEARCH. 0 1 X 32156138 32156138 276938591 58087592 218850999 3027860 2973735 54125 14339175 8254464 6084711 17009766 2234257 14775509 271921482 SECURITY DEPOSITS 186539 RESERVES 21394190 ENDOWMENT FUND 26968440 48549169 ADVANCE FOR SPC PROGRAM 1148804 SECURITY DEPOSITS 196664 ASSET MGMT FEE PAYABLE 168821 1514289 X 62697730 2580259 2580259 60117471 273085 273085 60390556 75088190 2580264 2580264 72507926 273085 273085 72781011 PART IV, LINE 2B: PLYMOUTH PROVIDES PAYMENT MANAGEMENT SERVICES FOR RESIDENTS WHO STRUGGLE TO MANAGE THEIR SOCIAL SECURITY OR SUPPLEMENTAL SECURITY INCOME PAYMENTS. PART X, LINE 2: PLYMOUTH IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. EVEN THOUGH PLYMOUTH IS RECOGNIZED AS TAX EXEMPT, IT STILL MAY BE LIABLE FOR TAX ON ITS UNRELATED BUSINESS INCOME (UBI). PLYMOUTH EVALUATES UNCERTAIN TAX POSITIONS THROUGH ITS REVIEW OF THE SOURCES OF INCOME TO IDENTIFY UBI AND CERTAIN OTHER MATTERS, INCLUDING THOSE WHICH MAY AFFECT ITS TAX EXEMPT STATUS. THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND REASONABLY ESTIMABLE. AS OF DECEMBER 31, 2023 AND 2022, PLYMOUTH HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. HOUSING AT LINCS LLC, FIRST & CEDAR LLC, PONTIUS LLC, 2013 THIRD AVENUE LLC, CHERRY STREET LLC, BOYLSTON HOUSING LLC, SPRUCE HOUSING LLC, UPTOWN HOUSING LLC, AND EASTGATE HOUSING LLC ARE TREATED AS PASS-THROUGH ENTITIES FOR INCOME TAX PURPOSES AND, AS SUCH, ARE NOT SUBJECT TO INCOME TAXES. RATHER, ALL ITEMS OF TAXABLE INCOME, DEDUCTIONS AND TAX CREDITS ARE PASSED THROUGH TO AND ARE REPORTED BY THEIR OWNERS ON THEIR RESPECTIVE INCOME TAX RETURNS. THESE ENTITIES' FEDERAL TAX STATUSES AS PASS-THROUGH ENTITIES ARE BASED ON THEIR LEGAL STATUS AS LIMITED LIABILITY COMPANIES. ACCORDINGLY, THESE ENTITIES ARE NOT REQUIRED TO TAKE ANY TAX POSITIONS IN ORDER TO QUALIFY AS PASS-THROUGH ENTITIES. THESE ENTITIES ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THESE ENTITIES HAVE NO OTHER TAX POSITIONS WHICH THEY MUST CONSIDER FOR DISCLOSURE. THERE HAVE BEEN NO INTEREST OR PENALTY AMOUNTS RECOGNIZED IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES OR CONSOLIDATED STATEMENTS OF FINANCIAL POSITION FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. GENERALLY, THE FEDERAL RETURNS ARE SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE 668,375. G/L ON SALE OF SECURITIES 588. COMMERCIAL EXPENSE 1,721,807. OTHER ADJUSTMENTS 188,289. RAFFLE EXPENSES 1,200. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS 153,863. BAD DEBTS 103,817. INSURANCE CLAIMS 15,405. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE 668,375. G/L ON SECURITIES 588. COMMERCIAL EXPENSE 1,721,807. OTHER ADJUSTMENTS 188,294. RAFFLE EXPENSES 1,200. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 153,863. BAD DEBTS 103,817. INSURANCE CLAIMS 15,405. SEATTLE DANCES 1788228 1788228 2120 108494 5000 274286 ANNUAL LUNCHEON 1593425 1593425 108771 1707 114022 1 215590 215590 37954 3404 12617 3597243 3597243 110891 148155 8404 400925 668375 -668375 34826 1200 1 1.00000 34826 1200 1200 33626 WA 1 0 1 0 0.00000 1.00000 DIANA JOHAN PLYMOUTH HOUSING GROUP 2113 THIRD AVENUE SEATTLE WA 98121 0 SHOKO TOYAMA PLYMOUTH HOUSING GROU 0 PLANS AND OVERSEES EVENTS. X 0 1 CATHOLIC COMMUNITY SERVICES OF WESTERN WASHINGTON 100 23RD AVENUE SOUTH SEATTLE WA 98144 911585652 501(C)(3) 147296 0 CCS PROVIDED HOUSING CASE MANAGEMENT SERVICES TO TENANTS COMING FROM HOMELESSNESS. RENT SUBSIDY FOR VERY LOW-INCOME, DISABLED TENANTS 11698574 FAIR MARKET VALUE PLYMOUTH RECEIVES GRANT ASSISTANCE FROM THE GOVERNMENT TO PROVIDE RENT SUBSIDIES TO QUALIFIED TENANTS. PLYMOUTH DISTRIBUTES THE GRANT OUT TO TENANTS BY MAKING RENT SUBSIDY PAYMENTS DIRECTLY TO THE TENANTS' LANDLORDS. PART I, LINE 2: PLYMOUTH CLOSELY MONITORS CLIENT ELIGIBILITY FOR RENT SUBSIDIES AND SOCIAL SERVICES SUPPORT PROVIDED USING GRANT FUNDS. IN ADDITION, PLYMOUTH HAS SEVERAL CONTROLS IN PLACE TO MAKE SURE ONLY ACTUAL STAFF TIME AND OTHER ALLOWABLE COSTS ARE CHARGED TO GRANTS. X X X 0 0 0 0 0 0 0 1 0 KAREN LEE CHIEF EXECUTIVE OFFICER 320324 0 125 0 0 0 4442 0 14196 0 339087 0 0 0 ANDREA CARNES CHIEF OPERATIONS OFFICER 228464 0 30125 0 0 0 12444 0 8782 0 279815 0 0 0 SHOKO TOYAMA VP & CHIEF OF DEVELOPMENT & COMMUNI 202094 0 125 0 0 0 9783 0 8767 0 220769 0 0 0 KAREN PETERSON VICE PRESIDENT OF REAL ESTATE 199862 0 125 0 0 0 9700 0 9084 0 218771 0 0 0 KIMBERLY ARRINGTON-WHITE VICE PRESIDENT OF SUPPORTIVE HOUSING 197669 0 125 0 0 0 9700 0 11083 0 218577 0 0 0 TIMOTHY M JONES DIRECTOR OF INFORMATION TECHNOLOGY 184140 0 4125 0 0 0 1703 0 16943 0 206911 0 0 0 HUYNH CHHOR VICE PRESIDENT OF BEHAVIORAL HEALTH 192559 0 125 0 0 0 1509 0 7434 0 201627 0 0 0 PART I, LINE 7 THE BOARD OF DIRECTORS DETERMINES THE ANNUAL BONUS FOR THE CEO. THE CEO DETERMINES THE ANNUAL BONUS FOR THE OTHER OFFICERS. X 6566 763632 FAIR MARKET VALUE X 12 17325 FAIR MARKET VALUE X GIFT CARDS 414 91980 FAIR MARKET VALUE X DISCOUNT ON SERVICES 2 23650 FAIR MARKET VALUE X HYGIENE KITS 4448 19748 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: PLYMOUTH HOUSING GROUP HAS AN ACCOUNT AT A STOCK BROKERAGE COMPANY TO ACCEPT DONATIONS OF STOCK. THE STOCK BROKERAGE SELLS THE DONATED STOCK AND SENDS PLYMOUTH THE PROCEEDS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD REVIEWS AND ACCEPTS THE FORM 990. COPIES OF THE FORM 990 ARE ALSO PROVIDED TO THE FULL BOARD BEFORE THE 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE COMPLETED ANNUALLY BY BOARD MEMBERS, OFFICERS & KEY EMPLOYEES. FORMS NOTING A POSSIBLE CONFLICT ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER. CONFLICTS WHICH MIGHT AFFECT BOARD DECISION MAKING ARE PRESENTED TO THE BOARD PRESIDENT TO DETERMINE A COURSE OF ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD, WITH INPUT FROM THE FULL BOARD. THE COMMITTEE REVIEWS DATA REGARDING COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS AND DOCUMENTS ITS DECISION REGARDING THE EXECUTIVE DIRECTOR'S COMPENSATION. THE EXECUTIVE DIRECTOR IS NOT INVOLVED IN THIS COMPENSATION REVIEW/APPROVAL PROCESS. THE LAST COMPENSATION REVIEW OCCURRED DURING 2022. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTIONS 18,940,055. SYNDICATION COSTS -55,000. FORM 990, PART XII, LINE 2C THE AUDITED FINANCIAL STATEMENTS ARE REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THERE ARE NO CHANGES TO THIS POLICY FROM PREVIOUS YEARS. SECTION 168(H) ELECTION - PACIFIC APARTMENTS MM, LLC PACIFIC APARTMENTS MM, LLC TAXPAYER'S STATEMENT OF ELECTION UNDER 168(H)(6) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED 1. THE TAXPAYER'S IDENTIFYING INFORMATION IS AS FOLLOWS: (A) NAME: PACIFIC APARTMENTS MM, LLC (B) ADDRESS: 2113 THIRD AVE SEATTLE, WA 92619 (C) TAXPAYER ID: 93-3883421 2. TAXPAYER MAKES THE FOLLOWING ELECTION: THE TAXPAYER IS A TAX-EXEMPT CONTROLLED ENTITY (AS DEFINED IN 168(H)(6)(F)(III) OF THE INTERNAL REVENUE CODE (IRC) OF 1986 (AS AMENDED)). TAXPAYER ELECTS TO TREAT ANY GAIN RECOGNIZED BY ITS TAX-EXEMPT PARENT ON DISPOSITION OF ITS INTEREST IN THE TAXPAYER, AS WELL AS ANY DIVIDENDS OR INTEREST INCOME FROM THE TAXPAYER, AS UNRELATED BUSINESS TAXABLE INCOME UNDER IRC 511 PURSUANT TO IRC 168(H)(5) AND (6). TAXPAYER ELECTS NOT TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO THIS SECTION. 3. TAXPAYER MAKES THIS ELECTION UNDER THE FOLLOWING SECTION(S) OF THE INTERNAL REVENUE CODE OF 1986 (AS AMENDED) AND REGULATIONS THEREUNDER: IRC 168(H)(6)(F)(II) AND TREASURY REGULATION 301.9100-7T(A)(3)(I). 4. TAXPAYER MAKES THIS ELECTION AS TO THE FOLLOWING TAX PERIOD(S), PROPERTY, AND/OR OTHER ITEMS: TAX PERIOD: 2023 AND THEREAFTER PROPERTY: 317 MARION STREET SEATTLE, WA 98104 OTHER ITEMS: NONE 5. TAXPAYER IS ENTITLED TO MAKE THIS ELECTION UNDER THE FOLLOWING AUTHORITY: IRC 168(H)(6)(F)(II) ALLOWS A TAX-EXEMPT CONTROLLED ENTITY TO ELECT TO TREAT ANY GAIN RECOGNIZED BY ITS TAX-EXEMPT PARENT ON DISPOSITION OF ITS INTEREST IN THE TAX-EXEMPT CONTROLLED ENTITY, AS WELL AS ANY DIVIDENDS OR INTEREST RECEIVED OR ACCRUED FROM THE CONTROLLED ENTITY, AS UNRELATED BUSINESS TAXABLE INCOME UNDER IRC 511. THE ELECTION APPLIES FOR PROPERTY PLACED IN SERVICE AFTER SEPTEMBER 25, 1985 (OR EARLIER IF SO ELECTED.) TAXPAYER UNDERSTANDS THAT THIS ELECTION IS IRREVOCABLE AND MUST BE MADE BY THE DUE DATE (INCLUDING EXTENSIONS) OF THE RETURN FOR THE FIRST TAX YEAR FOR WHICH THE ELECTION IS TO BE EFFECTIVE. TAXPAYER HAS, OR WILL TIMELY FILE, A COPY OF THIS ELECTION WITH ITS TAX RETURN AND A COPY OF THIS ELECTION STATEMENT HAS BEEN SENT TO EACH TAX- EXEMPT SHAREHOLDER OR BENEFICIARY OF THE TAXPAYER FOR ATTACHMENT AND FILING WITH THE FEDERAL TAX RETURN OF SUCH TAX-EXEMPT SHAREHOLDER(S) OR BENEFICIARY(IES). 6. TAXPAYER HAS PROVIDED THE FOLLOWING INFORMATION IN SUPPORT OF MAKING THE ELECTION: THE TAX-EXEMPT PARENT OF TAXPAYER IS AS FOLLOWS: (A) NAME: PLYMOUTH HOUSING GROUP (B) ADDRESS: 2113 THIRD AVE SEATTLE, WA 98121 (C) TAXPAYER ID: 91-1122621 PONTIUS LLC 2113 THIRD AVENUE SEATTLE WA 98121 274429735 LOW-INCOME HOUSING WA PLYMOUTH HOUSING GROUP RELATED 0 1 0.00010 FIRST & CEDAR LLC 2113 THIRD AVENUE SEATTLE WA 98121 263836845 LOW-INCOME HOUSING WA PLYMOUTH HOUSING GROUP RELATED -31 1413170 0 1 0.00010 2013 3RD AVENUE 2113 THIRD AVENUE SEATTLE WA 98121 460730936 LOW-INCOME HOUSING WA PLYMOUTH HOUSING GROUP RELATED -61 38739 0 1 0.00010 CHERRY ST LLC 2113 THIRD AVENUE SEATTLE WA 98121 472694720 LOW-INCOME HOUSING WA PLYMOUTH HOUSING GROUP RELATED -118 3664122 0 1 0.00010 HOUSING AT LINCS LLC 501 RAINIER AVENUE SOUTH SEATTLE WA 98144 820716073 LOW-INCOME HOUSING WA PLYMOUTH HOUSING GROUP RELATED -115 814763 0 1 0.00010 UPTOWN HOUSING LLC 2113 THIRD AVENUE SEATTLE WA 98121 832904995 LOW-INCOME HOUSING WA PLYMOUTH HOUSING GROUP RELATED 5404433 1 1 0.00010 SPRUCE HOUSING LLC 2113 THIRD AVENUE SEATTLE WA 98121 843851177 LOW-INCOME HOUSING WA PLYMOUTH HOUSING GROUP RELATED -111 6485416 1 1 0.00010 BOYLSTON HOUSING LLC 2113 THIRD AVENUE SEATTLE WA 98121 833210490 LOW-INCOME HOUSING WA PLYMOUTH HOUSING GROUP RELATED -138 8660106 0 1 0.00010 EASTGATE HOUSING LLC 2113 THIRD AVENUE SEATTLE WA 98121 853739526 LOW-INCOME HOUSING WA PLYMOUTH HOUSING GROUP RELATED -133 1602161 0 1 0.00010 PACIFIC APARTMENTS LLC 2113 THIRD AVENUE SEATTLE WA 98121 874296055 LOW-INCOME HOUSING WA PLYMOUTH HOUSING GROUP RELATED 7677562 1 1 0.00010 PACIFIC APARTMENTS MM LLC 2113 3RD AVENUE SEATTLE WA 98121 933883421 GENERAL PARTNER OF PACIFIC APARTMENTS LLC WA PLYMOUTH HOUSING GROUP C 7677562 1.00000 1 0 1 0 1 0 0 1 0 0 0 1 1 0 1 1 0 1 1 1 FIRST & CEDAR LLC D 3109110 FAIR MARKET VALUE PONTIUS LLC D 2081426 FAIR MARKET VALUE CHERRY ST LLC D 4464383 FAIR MARKET VALUE HOUSING AT LINCS LLC D 4404940 FAIR MARKET VALUE BOYLSTON HOUSING LLC D 6213140 FAIR MARKET VALUE SPRUCE HOUSING LLC D 6481245 FAIR MARKET VALUE UPTOWN HOUSING LLC D 5420708 FAIR MARKET VALUE EASTGATE HOUSING LLC D 2884373 FAIR MARKET VALUE PACIFIC APARTMENTS LLC D 978636 FAIR MARKET VALUE PACIFIC APARTMENTS LLC G 7050000 PURCHASE PRICE PONTIUS LLC L 159906 FAIR MARKET VALUE HOUSING AT LINCS LLC L 248918 FAIR MARKET VALUE UPTOWN HOUSING LLC L 177337 FAIR MARKET VALUE FIRST & CEDAR LLC L 158297 FAIR MARKET VALUE EASTGATE HOUSING LLC L 59293 FAIR MARKET VALUE CHERRY ST LLC L 222985 FAIR MARKET VALUE SPRUCE HOUSING LLC L 163877 FAIR MARKET VALUE BOYLSTON HOUSING LLC L 68427 FAIR MARKET VALUE 2013 THIRD AVENUE LLC L 105232 FAIR MARKET VALUE