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← UMPQUA COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by UMPQUA COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$9,454,330
Total expenses
$11,394,794
Contributions and grants received
$4,682,021
Grants paid
$3,291,003
Program service revenue
$4,772,309
Investment income
$0
Other revenue
$0
Total assets, end of year
$40,736,053
Total liabilities, end of year
$13,955,457
Net assets or fund balances, end of year
$26,780,596
Program services expenses (Part IX)
$10,266,294
Management and general expenses
$1,128,500
Fundraising expenses
$0
Program service expenses (Part III)
$10,266,294

Program services were 90.1% 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)

    $2,897,049

  • 1f · All other contributions, gifts and grants

    $1,784,972

  • 2a · Program service revenue: RENTAL INCOME

    total $2,668,744 · related or exempt $2,668,744

  • 2b · Program service revenue: PROPERTY MGMT FEE

    total $1,472,229 · related or exempt $1,472,229

  • 2c · Program service revenue: INTEREST ON NOTES RECE

    total $238,016 · related or exempt $238,016

  • 2d · Program service revenue: WAGES REIMBURSEMENT

    total $137,419 · related or exempt $137,419

  • 2e · Program service revenue: GRANT ADMINISTRATION

    total $128,525 · related or exempt $128,525

  • 2f · All other program service revenue

    total $127,376 · related or exempt $127,376

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,000 · program services $30,000

  • 2 · Grants to domestic individuals

    total $3,261,003 · program services $3,261,003

  • 5 · Compensation of officers, directors and key employees

    total $170,269 · program services $127,702 · management and general $42,567

  • 7 · Other salaries and wages

    total $2,246,067 · program services $1,684,550 · management and general $561,517

  • 8 · Pension plan contributions

    total $35,274 · program services $26,456 · management and general $8,818

  • 9 · Other employee benefits

    total $484,430 · program services $363,322 · management and general $121,108

  • 10 · Payroll taxes

    total $219,350 · program services $164,512 · management and general $54,838

  • 11a · Fees: management

    total $29,499 · program services $29,499

  • 11b · Fees: legal

    total $16,564 · program services $3,313 · management and general $13,251

  • 11c · Fees: accounting

    total $23,648 · program services $4,730 · management and general $18,918

  • 11g · Fees: other

    total $575,440 · program services $459,596 · management and general $115,844

  • 12 · Advertising and promotion

    total $6,172 · program services $4,938 · management and general $1,234

  • 13 · Office expenses

    total $36,677 · program services $29,342 · management and general $7,335

  • 14 · Information technology

    total $153,685 · program services $122,948 · management and general $30,737

  • 16 · Occupancy

    total $1,484,113 · program services $1,440,535 · management and general $43,578

  • 17 · Travel

    total $99,320 · program services $79,456 · management and general $19,864

  • 22 · Depreciation, depletion and amortization

    total $1,025,106 · program services $1,025,106

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $1,140,379 · program services $1,083,360 · management and general $57,019

  • 24b · Other expenses: GENERAL AND ADMINISTRAT

    total $123,480 · program services $98,784 · management and general $24,696

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $92,496 · program services $92,496

  • 24e · All other expenses

    total $141,822 · program services $134,646 · management and general $7,176

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,572,067 · end of year $2,893,473

  • 3 · Pledges and grants receivable

    beginning of year $1,631,505 · end of year $1,898,949

  • 4 · Accounts receivable

    beginning of year $8,756,313 · end of year $8,157,421

  • 7 · Other notes and loans receivable

    beginning of year $2,447,079 · end of year $2,214,070

  • 9 · Prepaid expenses and deferred charges

    beginning of year $62,080 · end of year $152,245

  • 10a · Land, buildings and equipment: cost or other basis

    $34,391,027

  • 10b · Land, buildings and equipment: accumulated depreciation

    $17,088,758

  • 10c · Land, buildings and equipment, net

    beginning of year $18,067,983 · end of year $17,302,269

  • 13 · Investments: program-related

    beginning of year $6,426,365 · end of year $6,470,014

  • 15 · Other assets

    beginning of year $2,798,003 · end of year $1,647,612

  • 17 · Accounts payable and accrued expenses

    beginning of year $580,381 · end of year $604,653

  • 19 · Deferred revenue

    beginning of year $1,208,586 · end of year $1,435,503

  • 21 · Escrow or custodial account liability

    beginning of year $207,274 · end of year $227,044

  • 23 · Secured mortgages and notes payable

    beginning of year $11,997,197 · end of year $11,435,726

  • 25 · Other liabilities

    beginning of year $46,897 · end of year $252,531

  • 27 · Net assets without donor restrictions

    beginning of year $17,412,083 · end of year $15,754,369

  • 28 · Net assets with donor restrictions

    beginning of year $11,308,977 · end of year $11,026,227

Mission and programs · 2024

Mission

PROVIDE A FORUM FOR THE SHARING OF INFORMATION, EXPERIENCE, AND PERSPECTIVE CONCERNING PUBLIC AND PRIVATE HOUSING WITHIN THE STATE OF OREGON AND PARTICIPATE WITH LOCAL, PUBLIC, AND PRIVATE PARTNERSHIPS IN THE CREATION OF AFFORDABLE HOUSING AND COMMUNITY BASED ECONOMIC DEVELOPMENT

Activities or mission (Part I)

PROVIDE LOW-INCOME HOUSING & COMMUNITY DEVELOPMENT

  • PROVISION OF AFFORDABLE HOUSING, ASSET MANAGEMENT, AND RESIDENT SERVICES WITHIN A PORTFOLIO OF RENTAL PROPERTIES.

    Expenses $9,480,719 · Grants $2,505,428 · Revenue $4,030,427

  • DREAMSAVERS GRANT-MATCH PROGRAM FOR QUALIFYING INDIVIDUALS FOR LOW INCOME SAVINGS. DURING 2024, 152 INDIVIDUALS WERE SERVED BY THIS PROGRAM.

    Expenses $449,760 · Grants $449,760 · Revenue $406,067

  • THE COMMUNITY BLOCK DEVELOPMENT GRANT PROGRAM PROVIDES GRANTS TO COMMUNITIES TO HELP WITH VARIOUS NEEDS, SUCH AS HOME REPAIRS FOR LOW AND MODERATE INCOME INDIVIDUALS.

    Expenses $335,815 · Grants $335,815 · Revenue $335,815

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Adam Adamson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brittany Weerheim

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dawn Mills

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Deb Lightcap

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Elena Lininger

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jacob Winn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Marajan Coester

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Loosley

    TREASUER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Erica Mills

    CEO

    Total calculated
    $170,269
    From this org
    $139,228
    From related orgs
    $0
    Other
    $31,041
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $139,228
    Bonus
    $0
    Other
    $0
    Deferred
    $6,190
    Nontaxable benefits
    $24,851
    Filer's total
    $170,269

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

  • 3 · Approval by the board or compensation committee

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

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

  • SOUTHWESTERN OR COMMUNITY COLLEGE

    $20,000

    TECHNICAL ASSISTANCE GRANT FOR CHILDCARE BUISINESS START UP AND EXPANSION TO LOW-INCOME WOMEN & ENTREPRENUERS

  • UNTED WAY OF SOUTHWESTERN OREGON

    $10,000

    TECHNICAL ASSISTANCE GRANT FOR CHILDCARE BUISINESS START UP AND EXPANSION TO LOW-INCOME WOMEN & ENTREPRENUERS

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.

  • HEARTWOOD RESOURCES

    501(C)(3) · RESOURCED BUILDING MATERIAL SALES · OR · controlled entity

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORPORATION

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 730 SE CASS STREET LLC

    LOW-INCOME HOUSING · OR · income $0 · assets $0

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

  • CODDINGTON PLACE APTS

    LOW-INCOME HOUSING · OR · income $93,302 · assets $1,027,967

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

  • COQUILLE HILLSIDE LLC

    LOW-INCOME HOUSING · OR · income $0 · assets $0

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

  • DOUGLAS AVENUE HOUSING LLC

    LOW-INCOME HOUSING · OR · income $0 · assets $0

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

  • GRAND APTS

    LOW-INCOME HOUSING · OR · income $307,603 · assets $3,172,760

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

  • HISTORIC KOHLHAGEN APTS

    LOW-INCOME HOUSING · OR · income $433,358 · assets $1,861,801

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

  • JEFFERSON GROVE LLC

    LOW-INCOME HOUSING · OR · income $0 · assets $0

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

  • MYRTLE TERRACE APTS

    LOW-INCOME HOUSING · OR · income $25,555 · assets $98,788

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

  • NEWTON CREEK MANOR

    LOW-INCOME HOUSING · OR · income $350,290 · assets $2,814,805

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

  • PRINCETON APTS

    LOW-INCOME HOUSING · OR · income $250,967 · assets $138,913

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

  • ROSE APARTMENTS 2018 LLC

    LOW-INCOME HOUSING · OR · income $457,509 · assets $2,162,876

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

  • STAGECOACH APTS

    LOW-INCOME HOUSING · OR · income $376,154 · assets $964,133

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

  • SUNSET APTS

    LOW-INCOME HOUSING · OR · income $267,866 · assets $931,316

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

  • UMPQUA COASTAL LLC

    LOW-INCOME HOUSING · OR · income $0 · assets $0

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

  • UMPQUA GA LLC

    LOW-INCOME HOUSING · OR · income $0 · assets $0

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BROOKSIDE SENIOR HOUSING LP

    RELATED · LOW-INCOME HOUSING · OR · 0.01% owned · share of income -$24 · share of assets $2,116,198 · general or managing partner

    Directly controlled by BROOKSIDE COURT APARTMENTS LLC

  • DEER CREEK VILLAGE LLC

    RELATED · LOW-INCOME HOUSING · OR · 0.01% owned · share of income -$53 · share of assets $2,026,009 · general or managing partner

    Directly controlled by DOUGLAS AVENUE HOUSING LLC

  • NORTH BEND HOTEL APARTMENTS LP

    RELATED · LOW-INCOME HOUSING · OR · 0.01% owned · share of income -$17 · share of assets $372,889 · general or managing partner

    Directly controlled by NEIGHBOR WORKS UMPQUA

  • GRAND APARTMENTS LP

    RELATED · LOW-INCOME HOUSING · OR · 0.01% owned · share of income -$18 · share of assets $167,125 · general or managing partner

    Directly controlled by UMPQUA GA LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BROOKSIDE COURT APARTMENTS LLC

    C · LOW-INCOME HOUSING · OR · 100% owned · share of income -$24 · share of assets $2,116,217 · controlled entity

    Directly controlled by UMPQUA COMMUNITY DEVELOPMENT CORP

Provenance

Return type
form_990
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.2
Source object
202522979349300822

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