Form 990 for tax year 2022
Filed by ROSE COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $4,599,091
- Total expenses
- $7,089,603
- Contributions and grants received
- $343,069
- Grants paid
- $0
- Program service revenue
- $4,019,147
- Investment income
- $26,930
- Other revenue
- $209,945
- Total assets, end of year
- $44,384,778
- Total liabilities, end of year
- $43,871,628
- Net assets or fund balances, end of year
- $513,150
- Program services expenses (Part IX)
- $6,766,013
- Management and general expenses
- $296,323
- Fundraising expenses
- $27,267
- Program service expenses (Part III)
- $6,766,013
Program services were 95.4% 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.
-
1f · All other contributions, gifts and grants
$343,069
-
2a · Program service revenue: RENTAL INCOME
total $3,966,607 · related or exempt $3,966,607
-
2b · Program service revenue: CONTRACT
total $52,540 · related or exempt $52,540
-
3 · Investment income
total $26,930 · excluded $26,930
-
11a · Other revenue: MISC INCOME
total $143,945 · excluded $143,945
-
11b · Other revenue: DEVELOPER FEE INCOME
total $66,000 · excluded $66,000
-
11e · Other revenue, total
$209,945
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $165,449 · program services $125,741 · management and general $34,744 · fundraising $4,964
-
7 · Other salaries and wages
total $301,999 · program services $229,519 · management and general $63,420 · fundraising $9,060
-
9 · Other employee benefits
total $89,723 · program services $55,275 · management and general $29,263 · fundraising $5,185
-
10 · Payroll taxes
total $53,398 · program services $39,345 · management and general $12,212 · fundraising $1,841
-
11g · Fees: other
total $156,270 · program services $104,723 · management and general $49,768 · fundraising $1,779
-
13 · Office expenses
total $47,651 · program services $39,108 · management and general $6,185 · fundraising $2,358
-
16 · Occupancy
total $22,196 · program services $16,482 · management and general $4,915 · fundraising $799
-
20 · Interest
total $1,004,095 · program services $1,004,095
-
22 · Depreciation, depletion and amortization
total $1,406,606 · program services $1,402,750 · management and general $3,361 · fundraising $495
-
23 · Insurance
total $11,821 · program services $9,127 · management and general $2,362 · fundraising $332
-
24a · Other expenses: PROPERTY MANAGEMENT
total $1,239,823 · program services $1,239,823
-
24b · Other expenses: MAINTENANCE AND REPAIR
total $1,034,258 · program services $1,034,258
-
24c · Other expenses: UTILITIES
total $953,001 · program services $953,001
-
24d · Other expenses: PROPERTY INSURANCE
total $215,453 · program services $215,453
-
24e · All other expenses
total $387,860 · program services $297,313 · management and general $90,093 · fundraising $454
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $825,350 · end of year $356,076
-
2 · Savings and temporary cash investments
beginning of year $2,496,200 · end of year $1,919,622
-
3 · Pledges and grants receivable
beginning of year $194,613 · end of year $18,986
-
4 · Accounts receivable
beginning of year $308,887 · end of year $296,976
-
7 · Other notes and loans receivable
beginning of year $1,078,822 · end of year $1,099,063
-
9 · Prepaid expenses and deferred charges
beginning of year $107,215 · end of year $109,272
-
10a · Land, buildings and equipment: cost or other basis
$57,210,041
-
10b · Land, buildings and equipment: accumulated depreciation
$16,821,358
-
10c · Land, buildings and equipment, net
beginning of year $39,670,047 · end of year $40,388,683
-
13 · Investments: program-related
beginning of year $100 · end of year $100
-
15 · Other assets
end of year $196,000
-
17 · Accounts payable and accrued expenses
beginning of year $1,845,611 · end of year $2,638,547
-
20 · Tax-exempt bond liabilities
beginning of year $1,655,039 · end of year $1,616,187
-
23 · Secured mortgages and notes payable
beginning of year $38,712,873 · end of year $39,425,932
-
25 · Other liabilities
beginning of year $199,732 · end of year $190,962
-
27 · Net assets without donor restrictions
beginning of year $1,826,666 · end of year $393,036
-
28 · Net assets with donor restrictions
beginning of year $441,313 · end of year $120,114
Mission and programs · 2022
Mission
ROSE CONNECTS OUR COMMUNITY TO BUILD GOOD HOMES, HEALTHY FAMILIES AND NEIGHBORHOOD OPPORTUNITIUES IN OUTER SOUTHEAST PORTLAND.
-
HOUSING - ROSE DEVELOPS AFFORDABLE HOUSING FOR RENT AND SALE TO LOW- INCOME HOUSEHOLDS. WE MANAGE A PORTFOLIO OF RENTAL HOUSING TO PROVIDE GOOD HOMES FOR LOW-INCOME RESIDENTS. WE CURRENTLY OPERATE 469 AFFORDABLE HOUSING UNITS. DURING FY 2022 ROSE SECURED FINANCING TO CONSTRUCT THE BERRY RANCH APARTMENTS.
Expenses $6,082,719 · Revenue $3,966,607
-
RESIDENT SERVICES - ROSE SUPPORTS THE RESIDENTS OF OUR AFFORDABLE HOUSING COMMUNITIES WITH ACTIVITIES DESIGNED TO HELP FAMILIES SUCCEED AND CREATE ECONOMIC OPPORTUNITIES. EXAMPLES INCLUDE AFTER SCHOOL PROGRAMS, SUMMER ENRICHMENT, EMPLOYMENT, HEALTH PROMOTION, COMMUNITY GARDENS, RECREATIONAL ACTIVITIES AND SOCIAL EVENTS. DURING FY 2022, LEADERSHIP TRAINING AND PAID SUMMER INTERNSHIPS WERE PROVIDED THROUGH THE LENTS YOUTH INSTITUTE.
Expenses $461,426
-
COMMUNITY DEVELOPMENT - ROSE ORGANIZES A VARIETY OF NEIGHBORHOOD IMPROVEMENT PROJECTS IDENTIFIED BY MEMBERS OF OUR COMMUNITIES. THESE PROJECTS INCLUDE ECONOMIC DEVELOPMENT, PLACE MAKING, PARKS AND CHILD CARE.
Expenses $221,868
As filed on the 2022 return.
Listed in Part VII
-
Nick SauvieNICK SAUVIE
COEXECUTIVE
- Total calculated
- $102,305
- From this org
- $92,590
- From related orgs
- $0
- Other
- $9,715
- Hours/week
- 40
-
Ana Meza RamosANA MEZA RAMOS
COEXECUTIVE
- Total calculated
- $82,198
- From this org
- $72,859
- From related orgs
- $0
- Other
- $9,339
- Hours/week
- 40
-
Amanda ClarkAMANDA CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mac CunninghamMAC CUNNINGHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jamila DozierJAMILA DOZIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Erin ElliottERIN ELLIOTT
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Scott GoodmanSCOTT GOODMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Eric JacksonERIC JACKSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Rebekkah KehmREBEKKAH KEHM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Virginia PetersenVIRGINIA PETERSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gauri RajbaidyaGAURI RAJBAIDYA
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Sherry StewartSHERRY STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441649349301869
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