Washington · Nonprofit
HOMESIGHT
HOMESIGHT (Washington) receives grants from 27 organizations whose IRS filings report $9,000,995 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($4,417,280). 11 of them have funded it in more than one year.
- Revenue FY2024
- $7.2M
- Funders on record
- 27
- Grants received
- $9.0M
- Net assets
- $51M
What Homesight does
Mission
Homesight creates affordable homeownership opportunities through its homebuyer education and lending programs. These programs primarily serve low and moderate income, firsttime homebuyers in seattle, king, pierce, and snohomish counties, and support local businesses. Homesight is a community development financial institution, certified by the us department of treasury, and is a washington state licensed consumer loan company providing mortgage loans statewide.
As stated on its FY2024 Form 990.
Programs
Real estate development: part of Homesight's strategy is to use affordable commercial and residential real estate development to stimulate economic growth in communities where equitable investment is lagging and build household assets for low income and first-time home buyers. Homesight real estate development also provides project management services to community nonprofit organizations to assist in community development and neighborhood revitalization activities. Homesight was the lead developer and project manager for the transit- oriented development of othello square (formerly the southeast economic opportunity center (seoc)) in seattle. Homesight completed the feasibility and implementation plan for the project in 2017. The goals of this 215m project are to prevent displacement of the historic residents and businesses in the othello neighborhood, to celebrate and embrace the heritage of the different cultures that comprise the southeast seattle community, and to provide tools and opportunities to guarantee the long-term health and success of the entire community. With the assistance of several community-led coalitions actively involved in equitable development in southeast…
$552,171 spent$10,500 earned by the program13% of program spendingHomebuyer services & lending: Homesight's homebuyer education and counseling programs serve nearly 350 households annually, including new and existing customers. In 2023 and 2022, of these customers, 85% and 64% respectively, were at or below 80% percent of the area median income. Homesight's mission is to serve primarily low- and moderate-income families wishing to purchase their first home, but as a hud-certified housing counseling agency, it cannot discriminate based on income. Its homebuyer program consists of one-on-one counseling, and no-cost classes on achieving the dream of homeownership, or an online buyer education curriculum for a nominal fee. -- Homesight developed its revolving loan fund in 1991 to address the growing gap between family incomes and home prices. It offers purchase assistance loans funded by public and private investments to package highly competitive amortizing or deferred second loans and deferred third loans for low- and moderate-income homebuyers. This structure allows Homesight to minimize or eliminate the requirement for fha or private mortgage insurance for its customers thereby increasing the buying power of low- and moderate-income first-time…
$2,277,926 spent$1,708,268 earned by the program54% of program spendingCommunity development: with a history of cross-sector collaboration, expertise in policy and advocacy, and a track record of equitable development, Homesight is recognized as a catalytic community leader. For over 30 years, Homesight has facilitated beautification and infrastructure improvement projects, managed the development of cultural centers, supported local business organizations, and led coalitions promoting equitable growth in southeast seattle, the city's most racially and ethnically diverse community. Homesight established three community development activities in 2023: 1) essential southeast seattle cooperative (eses). At the start of the covid- 19 pandemic, this program was developed to provide an online directory of small, independently owned businesses located in southeast seattle that were open for business and deemed essential by washington state. As the pandemic progressed and the need became apparent, eses was transformed into an online marketplace representing over 2,000 businesses and serving more than 30,000 consumers. In addition to the online marketplace eses collective designed and implemented a digital access and education program to coach small bipoc…
$1,365,578 spentof which $698,015 as grants$356,851 earned by the program33% of program spending
The 3 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $4,195,675.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $52M to $68M (+31%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 60% · 2018 49% · 2019 48% · 2020 45% · 2021 59% · 2022 61% · 2023 57% · 2024 39%. Grants only. Government contracts and fees sit inside program revenue.
62% of HOMESIGHT’s revenue is contributions — about as donation-reliant as the typical peer (71% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 7 funders, grant income rose $758k → $880k.
6 of 27 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 13% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of HOMESIGHT’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
HOMESIGHT leans on a few funders — its largest provides 49% of grant income and the top three 74%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
82% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund HOMESIGHT.
Largest funder’s share by year: 2017 50% · 2018 41% · 2019 54% · 2020 47% · 2021 69% · 2022 70% · 2023 62% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
25% of HOMESIGHT's funders are still giving 3 years after their first grant; 41% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
HOMESIGHT draws 84% of its grant income from funders outside Washington, across 10 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.2M arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
HOMESIGHT runs a healthier operating margin than three-quarters of the 612 unclassified nonprofits its size.
this organization peer median middle 50% of peers· 612 unclassified nonprofits $1M–$10M, FY2024
Government funding HOMESIGHT receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $13.8M on record.
- Department of the Treasury$12.8M
- Department of Housing and Urban Development$1.0M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like HOMESIGHT
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Washington
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
56% of spending goes to programs.
Governance
Public support
93%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 3 related entities
- 809 Hiawatha Place LLC · disregarded
- Coco LLC · disregarded
- Homesight Community Development · exempt
Screen this organization
A dated, signed PDF of the compliance screen for HOMESIGHT: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds HOMESIGHT?
- HOMESIGHT (Washington) receives grants from 27 organizations whose IRS filings report $9,000,995 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($4,417,280). 11 of them have funded it in more than one year.
- How many funders does HOMESIGHT have?
- IRS filings report 27 organizations giving $9,000,995 in grants to HOMESIGHT, 11 of which have funded it in more than one year.
- Who is the largest funder of HOMESIGHT?
- NEIGHBORHOOD REINVESTMENT CORPORATION is the largest funder on record, with $4,417,280 in grants. The full list of funders is on this page.
- How can an organization like HOMESIGHT find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Washington. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 27 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing