Totals
- Total revenue
- $1,031,668
- Total expenses
- $1,647,289
- Contributions and grants received
- $542,683
- Grants paid
- $0
- Program service revenue
- $542,833
- Investment income
- -$53,848
- Other revenue
- $0
- Total assets, end of year
- $10,382,354
- Total liabilities, end of year
- $5,728,646
- Net assets or fund balances, end of year
- $4,653,708
- Program services expenses (Part IX)
- $1,441,943
- Management and general expenses
- $205,346
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,441,943
Program services were 87.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$339,536
-
1f · All other contributions, gifts and grants
$203,147
-
2a · Program service revenue: LENDING INTEREST
total $475,395 · related or exempt $475,395
-
2b · Program service revenue: PROCESSING & LATE FEES
total $67,438 · related or exempt $67,438
-
3 · Investment income
total $83,554 · excluded $83,554
-
7a · Gross sales of assets other than inventory
other assets $36,261
-
7b · Less cost or other basis and sales expenses
other assets $173,663
-
7c · Gain or loss
other assets -$137,402
-
7d · Net gain or loss
total -$137,402 · excluded -$137,402
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $414,225 · program services $257,606 · management and general $156,619
-
8 · Pension plan contributions
total $6,270 · program services $6,270
-
9 · Other employee benefits
total $45,213 · program services $29,181 · management and general $16,032
-
10 · Payroll taxes
total $41,202 · program services $28,060 · management and general $13,142
-
11a · Fees: management
total $480,000 · program services $480,000
-
11b · Fees: legal
total $34,696 · program services $34,696
-
11c · Fees: accounting
total $2,050 · program services $2,050
-
11g · Fees: other
total $28,299 · program services $24,669 · management and general $3,630
-
12 · Advertising and promotion
total $5,421 · program services $5,036 · management and general $385
-
13 · Office expenses
total $14,626 · program services $12,534 · management and general $2,092
-
14 · Information technology
total $81,039 · program services $81,039
-
17 · Travel
total $4,849 · program services $3,637 · management and general $1,212
-
19 · Conferences, conventions and meetings
total $4,296 · program services $4,296
-
20 · Interest
total $148,732 · program services $145,270 · management and general $3,462
-
23 · Insurance
total $19,667 · program services $10,895 · management and general $8,772
-
24a · Other expenses: CREDIT & LOAN LOSS
total $307,329 · program services $307,329
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $4,813 · program services $4,813
-
24c · Other expenses: APPLICANT SCREENING FEE
total $3,734 · program services $3,734
-
24d · Other expenses: REAL ESTATE TAXES
total $828 · program services $828
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $430,826 · end of year $584,052
-
2 · Savings and temporary cash investments
beginning of year $3,423,985 · end of year $2,909,799
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $13,347
-
4 · Accounts receivable
beginning of year $41,273 · end of year $46,562
-
7 · Other notes and loans receivable
beginning of year $6,515,401 · end of year $6,522,895
-
9 · Prepaid expenses and deferred charges
beginning of year $38,908 · end of year $10,421
-
10a · Land, buildings and equipment: cost or other basis
$18,686
-
10b · Land, buildings and equipment: accumulated depreciation
$18,686
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $105,296
-
15 · Other assets
beginning of year $279,175 · end of year $189,982
-
17 · Accounts payable and accrued expenses
beginning of year $137,722 · end of year $265,379
-
23 · Secured mortgages and notes payable
beginning of year $1,817,454 · end of year $1,953,066
-
24 · Unsecured notes and loans payable
beginning of year $3,505,063 · end of year $3,500,000
-
25 · Other liabilities
beginning of year $0 · end of year $10,201
-
27 · Net assets without donor restrictions
beginning of year $4,080,956 · end of year $3,496,883
-
28 · Net assets with donor restrictions
beginning of year $1,188,373 · end of year $1,156,825
Mission and programs · 2024
Mission
TO DEVELOP ECONOMICALLY VIBRANT, INCLUSIVE COMMUNITIES BY PROVIDING ACCESSIBLE LOANS THAT HELP COMMUNITY MEMBERS, SMALL BUSINESSES, AND AFFORDABLE HOUSING DEVELOPERS REACH THEIR GOALS REGARDLESS OF INCOME LEVEL, RACIAL IDENTITY OR LOCATION.
Activities or mission (Part I)
STRENGTHENING OREGON COMMUNITIES THROUGH PERSONAL AND BUSINESS LENDING.
-
COMMUNITY LENDINGWORKS PROVIDES COMMUNITIES WITH AFFORDABLE CUSTOMIZABLE LOANS TO HELP THEM BUILD FINANCIAL STABILITY. THIS RESOURCE ALLOWS CLIENTS TO BUILD CREDIT, BORROW FOR PERSONAL NEEDS, START OR GROW A BUSINESS, REGARDLESS OF INCOME LEVEL, RACIAL IDENTITY OR LOCATION. WE ALSO PROVIDE BELOW-MARKET CAPITAL TO NONPROFIT AFFORDABLE HOUSING DEVELOPERS, TO PURCHASE LAND AND PAY FOR PRE-DEVELOPMENT COSTS TO BUILD AFFORDABLE HOUSING FOR PEOPLE BELOW 80% AREA MEDIAN INCOME.
Expenses $1,441,943 · Revenue $542,833
As filed on the 2024 return.
Listed in Part VII
-
Jin PlummerJIN PLUMMER
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Troy ReichenbergerTROY REICHENBERGER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Carrie CopelandCARRIE COPELAND
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Larry AbelLARRY ABEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Veronica McCauleyVERONICA MCCAULEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David HillDAVID HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Emily ReimanEMILY REIMAN
CHIEF EXECUTIVE OFFICER
- Total calculated
- $159,281
- From this org
- $0
- From related orgs
- $147,529
- Other
- $11,752
- Hours/week
- 9 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $147,529 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $4,441 related
- Nontaxable benefits
- $0 + $7,311 related
- Filer's total
- $0 + $159,281 related
-
Corinne Carmody-RileyCORINNE CARMODY-RILEY
CHIEF FINANCIAL OFFICER
- Total calculated
- $145,961
- From this org
- $0
- From related orgs
- $134,184
- Other
- $11,777
- Hours/week
- 8 + 45 related
-
Lynn MeyerLYNN MEYER
LENDING DIRECTOR
- Total calculated
- $120,200
- From this org
- $0
- From related orgs
- $108,335
- Other
- $11,865
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER IS PAID BY CORVALLIS NEIGHBORHOOD HOUSING SERVICES, A RELATED ENTITY.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NEIGHBORHOOD BUILDING CORPORATION
501(C)(3) · HOUSING DEVELOPMENT · OR
Directly controlled by CORVALLIS NEIGHBORHOOD HOUSING SERVICES
-
CORVALLIS NEIGHBORHOOD HOUSING SERVICES
501(C)(3) · HOUSING · OR
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349309012
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