2025-11-19T09:07:32-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 999 THIRD AVENUE SUITE 2800 SEATTLE WA 98104 990 2024-01-01 934320484 DEVCO FOUNDATION DEVC 2069464993 10900 NE 8TH ST 1200 BELLEVUE WA 980044460 EVAN JACK HUNDEN PRESIDENT 2069464993 2025-11-18 1 1 WENDY CAMPOS P00448102 2063026500 2025-11-18 2024 2025-03-06 01:10:19Z X EVAN JACK HUNDEN 10900 NE 8TH ST 1200 BELLEVUE WA 980044460 14613092 0 X N/A X 2023 WA THE ORGANIZATION CREATES OPPORTUNITIES FOR LOW-INCOME INDIVIDUALS AND FAMILIES THROUGH AFFORDABLE HOUSING PROJECTS AND INVESTMENT IN THOSE COMMUNITIES. 7 6 0 1 0 0 0 14591688 0 0 0 21404 0 0 0 14613092 0 0 0 0 0 48000 0 0 0 0 99992 0 147992 0 14465100 2241875 2937787 2241875 6933233 0 -3995446 THE ORGANIZATION CREATES OPPORTUNITIES FOR LOW-INCOME INDIVIDUALS AND FAMILIES THROUGH AFFORDABLE HOUSING PROJECTS AND INVESTMENT IN THOSE COMMUNITIES. 0 0 101731 0 THE ORGANIZATION CREATES OPPORTUNITY FOR LOW-INCOME INDIVIDUALS AND FAMILIES BY PROVIDING QUALITY AFFORDABLE HOUSING. THE ORGANIZATION WILL, THROUGH JOINT VENTURES OR OTHERWISE, INVEST IN, DEVELOP, BUILD, OWN, OPERATE, REHABILITATE, AND/OR MANAGE AFFORDABLE HOUSING PROJECTS. 101731 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 WA X EVAN JACK HUNDEN 2069464993 10900 NE 8TH ST STE 1200 BELLEVUE WA 980044460 EVAN JACK HUNDEN PRESIDENT 1.00 X X 0 0 0 THOMAS HAWES HUNDEN TREASURER 1.00 X X 8000 0 0 CAROLYN HAWES HUNDEN SECRETARY 1.00 X X 8000 0 0 PAUL HERSKOWITZ DIRECTOR 1.00 X 8000 0 0 FARRELL ENDER DIRECTOR 1.00 X 8000 0 0 JEFF ARROWSMITH DIRECTOR 1.00 X 8000 0 0 JOHN SPENGLER DIRECTOR 1.00 X 8000 0 0 48000 0 0 0 0 0 0 0 14591688 11527313 14591688 21404 21404 14613092 0 0 21404 48000 33600 14400 82413 57689 24724 13922 10442 3480 100 100 3557 3557 147992 101731 46261 0 1250000 311383 0 1430779 991875 1195625 2241875 2937787 2241875 0 0 6933233 2241875 6933233 X 0 0 0 0 0 -3995446 0 -3995446 2241875 2937787 14465100 -18460546 0 X 0 0 0 X 14591688 14591688 14591688 14591688 14591688 14591688 0 14591688 14591688 0 21404 21404 21404 21404 14613092 14613092 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 MEMBERSHIP INTEREST IN KENDRICK LANDING MANAGER, LLC 1195625 1195625 KITTS CORNER MANAGER, LLC 6933233 6933233 VESTA LENDER LLC ENTITY IS 100% OWNED BY THE PRESIDENT OF THE FILING ORGANIZATION PROMISSORY NOTE FOR TAX-EXEMPT ACTIVITIES. X 1700000 1430779 0 0 1 EVAN J HUNDEN THE PRESIDENT OF THE FILING ORGANIZATION PROMISSORY NOTE FOR TAX-EXEMPT ACTIVITIES. X 1250000 0 0 0 1 1430779 KENDRICK LANDING MANAGER LLC ENTITY IS AT LEAST 35% OWNED BY THE PRESIDENT OF THE FILING ORGANIZATION 114375 THE FILING ORGANIZATION PAID A CASH CALL TO KENDRICK LANDING MANAGER, LLC. 0 SCHEDULE L, PART II, LINE 2: THE FULL AMOUNT OF THE LOAN WAS FORGIVEN BY EVAN J HUNDEN AT THE END OF THE YEAR. X 1 11527313 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 CAROLYN HAWES HUNDEN IS THE DAUGHTER OF EVAN JACK HUNDEN. THOMAS HAWES HUNDEN IS THE SON OF EVAN JACK HUNDEN. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND OFFICERS SHALL DISCLOSE TO THE BOARD ANY FINANCIAL INTEREST WHICH THE DIRECTOR OR OFFICER OR THEIR IMMEDIATE FAMILY (SPOUSE, PARENT, PARENT-IN-LAW, BROTHER, BROTHER-IN-LAW, SISTER, SISTER-IN-LAW, CHILD, SON-IN-LAW OR DAUGHTER-IN-LAW, OR OTHER PERSONS LIVING IN THE SAME RESIDENTIAL DWELLING UNIT OF THE DIRECTOR) DIRECTLY OR INDIRECTLY HAS IN ANY PERSON OR ENTITY THAT IS A PARTY TO A TRANSACTION UNDER CONSIDERATION BY THE BOARD. THE INTERESTED DIRECTOR OR OFFICER SHALL ABSTAIN FROM VOTING ON THE TRANSACTION. FURTHERMORE, DIRECTORS AND OFFICERS SHALL FOLLOW THE PROCEDURES AND RULES SET FORTH IN THE CORPORATION'S CONFLICT OF INTEREST POLICY ADOPTED BY THE BOARD, AS AMENDED FROM TIME TO TIME BY THE BOARD. EACH DIRECTOR AND OFFICER SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS COMPLIANCE WITH THE CORPORATION'S CONFLICT OF INTEREST POLICY. PRIOR TO ENTERING INTO ANY COMPENSATION AGREEMENT, CONTRACT FOR GOODS OR SERVICES, OR ANY OTHER TRANSACTION WITH ANY PERSON WHO IS IN A POSITION TO EXERCISE INFLUENCE OVER THE AFFAIRS OF THE CORPORATION, THE BOARD SHALL ESTABLISH THAT THE PROPOSED TRANSACTION IS REASONABLE, TAKING INTO ACCOUNT APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING ITS DETERMINATION, AND THE BOARD SHALL ESTABLISH COMPLIANCE, TO THE EXTENT APPLICABLE, WITH THE CORPORATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. AMENDED RETURN STATEMENT: DEVCO FOUNDATION IS AMENDING ITS 2024 TAX RETURN FOR THE FOLLOWING REASONS: - FORM 990, PART III, LINE 4A - TO REPORT THE TOTAL PROGRAM EXPENSES OF $101,731. - FORM 990, PART VIII, LINE 1F - TO INCLUDE THE $11,527,313 NON-CASH CONTRIBUTION THAT WAS INADVERTENTLY NOT INCLUDED IN THE ORIGINALLY FILED RETURN. - FORM 990, PART IX - TO PROVIDE A REASONABLE BREAKOUT BETWEEN PROGRAM SERVICE EXPENSES AND MANAGEMENT AND GENERAL EXPENSES. - FORM 990, PART X, LINE 25 - TO REPORT THE NEGATIVE BASIS INVESTMENT IN KITTS CORNER MANAGER, LLC. - SCHEDULE A, PART III, SECTION A, LINE 1 - TO INCLUDE THE $11,527,313 NON-CASH CONTRIBUTION OMITTED FROM THE ORIGINALLY FILED RETURN. - SCHEDULE B, PART I AND PART II - TO INCLUDE THE $11,527,313 NON-CASH CONTRIBUTION OMITTED FROM THE ORIGINALLY FILED RETURN. - SCHEDULE L, PART II, COLUMN B - TO REVISE THE EXPLANATION OF THE RELATIONSHIP WITH THE ORGANIZATION, WHICH WILL ALSO BE REFLECTED ON SCHEDULE L, PART V. - SCHEDULE L, PART II, LINE 2 - TO INCLUDE THE $1,250,000 PROMISSORY NOTE FROM EVAN J HUNDEN, AN INTERESTED PERSON, TO THE ORGANIZATION THAT WAS OMITTED FROM THE ORIGINALLY FILED RETURN. - SCHEDULE L, PART IV, COLUMN B - TO REVISE THE EXPLANATION OF THE RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION, WHICH WILL ALSO BE REFLECTED ON SCHEDULE L, PART V. - SCHEDULE M, PART I - TO REPORT THE NON-CASH CONTRIBUTION.