Washington Hall Qalicb

Overview

Washington Hall Qalicb is a 501(c)(3) nonprofit organization involved in arts, culture, and historical preservation. The organization is focused on owning, rehabilitating, leasing, and operating Washington Hall as a community arts, culture, and gathering space[1][3][4].

Purpose and Mission

The primary mission of Washington Hall Qalicb is to restore Washington Hall and preserve it as a historic building for the benefit of the community it serves. This involves maintaining the building as a vibrant space for cultural activities and community gatherings[1][4].

Financial Structure

Washington Hall Qalicb generates its revenue primarily from contributions and program services. In 2018, contributions accounted for about 33.9% of its total revenue, while program services comprised approximately 65.1%[1]. The organization also holds significant assets, with total assets valued at over $9 million in recent years[1].

New Markets Tax Credit (NMTC) Transaction

Washington Hall Qalicb was formed in April 2015 to facilitate a New Markets Tax Credit (NMTC) transaction. This transaction involved acquiring and rehabilitating the Washington Hall building, leveraging federal tax credits to stimulate investment in low-income communities. As part of this process, loans were secured to fund the rehabilitation of Washington Hall, with a significant portion of the funding derived from NMTCs[2].

Operations and Partnerships

The organization leases the Washington Hall building to community organizations and other entities for various uses, including performance, gathering, rehearsal, meeting, and office space. It operates in conjunction with Historic Seattle Preservation and Development Authority, working to enhance and preserve historic sites in Seattle[1][2].

[1] https://projects.propublica.org/nonprofits/organizations/473836379 [2] https://portal.sao.wa.gov/ReportSearch/Home/ViewReportFile?arn=1035803&isFinding=false&sp=false [3] https://projects.propublica.org/nonprofits/organizations/473836379/202341219349300749/full/ [4] https://www2.guidestar.org/Profile/47-3836379 [5] https://givefreely.com/charity-directory/nonprofit/ein-473836379/