2025-10-10T17:47:57-05:00 2024-12-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2024-01-01 850509765 DESC Hobson Clinic QALICB DESC 2068122504 515 Third Ave Seattle WA 98104 Patrick Gehring CFO 2068122504 2025-10-07 1 1 Deb Nelson CPA P01264758 6122536500 2025-10-07 2024 2025-03-06 01:10:19Z Patrick Gehring 515 Third Ave Seattle WA 98104 188920 0 X N/A X 2020 WA To support and benefit DESC while ensuring Hobson Clinic's NMTC program compliance. 5 4 0 4 0 0 0 0 183000 183000 0 5920 0 0 183000 188920 0 0 0 0 0 0 0 0 0 1293214 881254 1293214 881254 -1110214 -692334 20920955 20323046 15421886 15146576 5499069 5176470 The Corporation was formed for the purposes of acquiring, constructing, owning, and leasing a full-scale integrated health care clinic located in Seattle, Washington known as the Hobson Place Clinic. 0 0 875187 183000 The Organization has acquired and constructed a full-scale health care clinic located in Seattle, Washington known as Hobson Place Clinic. The organization owns the clinic and leases it to Downtown Emergency Service Center. The lease commenced in 2022 upon completion of the construction of the property. The Property is the first local full-scale health care clinic in the Seattle area specifically designed to meet the complex needs of people living with disabilities who have experienced the longest periods of homelessness. 875187 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X Patrick Gehring 3605287201 515 Third Ave Seattle WA 98104 Daniel Malone President/DESC Executive Director 0.10 40.00 X X 0 202904 28556 Judge Helen Halpert Vice President 0.10 0.00 X X 0 0 0 Bryan Friend Treasurer 0.10 0.00 X X 0 0 0 Marcia McCracken Secretary 0.10 0.00 X X 0 0 0 Sheryl Whitney Board Member 0.10 0.00 X 0 0 0 Jennifer Tripp CFO (Until Dec) 0.10 40.00 X 0 201135 12162 Patrick Gehring CFO (From Dec) 0.10 40.00 X 0 2664 0 0 406703 40718 0 0 1 0 0 Rental Income 531110 183000 183000 183000 5920 5920 188920 183000 0 5920 X 6067 6067 93000 93000 165221 165221 616966 616966 881254 875187 6067 0 38677 67529 0 237809 21868605 1850897 20264941 20017708 292448 0 324889 0 20920955 20323046 6886 0 0 15415000 15146576 15421886 15146576 X 5499069 5176470 5499069 5176470 20920955 20323046 X -692334 369735 X 0 1 X 1 0 X X X 1 Downtown Emergency Service Center 911275815 7 1 0 875187 1 0 875187 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 Part IV, Section D, Line 3: DESC Hobson Clinic QALICB (QALICB) is responsive to the needs and demands of its supported organization, Downtown Emergency Service Center (DESC). The Executive Director of DESC serves as the President of the Board of QALICB. The CFO serves as a non-voting officer of both boards. Additionally, all QALICB administrative duties are carried out by DESC management and staff on DESC premises. Due to this close and continuous working relationship, the supported organization has the ability to influence the QALICB's decisions regarding the use of its income and assets. Part IV, Section E, Line 2a: DESC's purpose is to eliminate homelessness for vulnerable people, particularly those living with serious mental illness and/or substance use disorders. The clinic furthered this purpose by constructing, owning, and leasing an integrated clinic that will serve DESC's clients. Since the QALICB's activities all relate to the clinic that will serve DESC clients, it was determined that furthering the exempt activities was the majority of the QALICB's activities. Part IV, Section E, Line 2b: But for DESC Hobson Clinic QALICB, DESC would have managed the New Market Tax Credit financing transactions and engaged in all QALICB activity itself. 1652444 1652444 18214845 1366113 16848732 1845873 461468 1384405 155443 23316 132127 20017708 Intercompany Payable to DESC 12953 Note Payable to DESC 15133623 15146576 X 188920 0 188920 0 188920 881254 0 881254 0 881254 Part X, Line 2: The Corporation evaluates its tax positions that have been taken or are expected to be taken on income tax returns to determine if an accrual is necessary for uncertain tax positions. As of December 31, 2024 the unrecognized tax benefit accrual was zero. The Corporation will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. 0 0 0 0 0 0 0 0 0 Daniel Malone President/DESC Executive Director 0 202904 0 0 0 0 0 5090 0 23637 0 231631 0 0 Jennifer Tripp CFO (Until Dec) 0 201135 0 0 0 0 0 2209 0 10473 0 213817 0 0 Part I, Line 3 The Organization does not establish the compensation of the Executive Director. Compensation is determined by DESC, a related organization, and the organization relied on a related organization to establish compensation. Form 990, Part VI, Section A, line 8b There are no committees with authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The board will receive a copy of the 990 in advance and then will meet to discuss and address any questions. Form 990, Part VI, Section B, line 12c The conflict of interest policy is reviewed at an annual board meeting and board members are asked to declare any conflicts of interest that may exist. If any exist, the individual is required to recuse themselves from any discussion and voting on the matter. The board will evaluate the situation and take appropriate action to ensure decisions are made in the best interest of the organization, in accordance with its conflict of interest policy. Form 990, Part VI, Section B, line 15 The compensation for the President/DESC Executive Director and the CFO is determined by DESC, a related organization. Form 990, Part VI, Section C, line 19 Documents are available upon request. Form 990, Part IX, line 11g Lender Fees: Program service expenses 93,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 93,000. Form 990, Part XI, line 9: To adjust prior period depreciation to book basis 369,735. Downtown Emergency Service Center 515 3rd Ave Seattle WA 98104 911275815 Supportive Housing and Services WA 501(c)(3) Line 7 N/A 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0