Skip to content
Nonprofiteer
← ROSE COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by ROSE COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$5,453,008
Total expenses
$6,635,443
Contributions and grants received
$691,354
Grants paid
$0
Program service revenue
$4,164,993
Investment income
$294,150
Other revenue
$302,511
Total assets, end of year
$44,072,479
Total liabilities, end of year
$44,741,764
Net assets or fund balances, end of year
-$669,285
Program services expenses (Part IX)
$6,404,626
Management and general expenses
$205,764
Fundraising expenses
$25,053
Program service expenses (Part III)
$6,404,626

Program services were 96.5% 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)

    $192,874

  • 1f · All other contributions, gifts and grants

    $498,480

  • 1g · Noncash contributions included above

    $1,725

  • 2a · Program service revenue: RENTAL INCOME

    total $4,127,120 · related or exempt $4,127,120

  • 2b · Program service revenue: CONTRACT

    total $37,873 · related or exempt $37,873

  • 3 · Investment income

    total $10,652 · excluded $10,652

  • 7a · Gross sales of assets other than inventory

    other assets $300,000

  • 7b · Less cost or other basis and sales expenses

    other assets $16,502

  • 7c · Gain or loss

    other assets $283,498

  • 7d · Net gain or loss

    total $283,498 · excluded $283,498

  • 11a · Other revenue: MISC INCOME

    total $302,511 · excluded $302,511

  • 11e · Other revenue, total

    $302,511

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $165,448 · program services $125,291 · management and general $32,756 · fundraising $7,401

  • 7 · Other salaries and wages

    total $185,946 · program services $140,813 · management and general $36,814 · fundraising $8,319

  • 9 · Other employee benefits

    total $76,947 · program services $58,271 · management and general $15,234 · fundraising $3,442

  • 10 · Payroll taxes

    total $36,386 · program services $27,554 · management and general $7,204 · fundraising $1,628

  • 11g · Fees: other

    total $276,152 · program services $227,806 · management and general $48,345 · fundraising $1

  • 13 · Office expenses

    total $3,405 · program services $2,914 · management and general $389 · fundraising $102

  • 16 · Occupancy

    total $19,124 · program services $15,205 · management and general $3,223 · fundraising $696

  • 20 · Interest

    total $998,717 · program services $992,878 · management and general $5,839

  • 22 · Depreciation, depletion and amortization

    total $1,405,353 · program services $1,401,989 · management and general $2,747 · fundraising $617

  • 23 · Insurance

    total $13,920 · program services $10,526 · management and general $2,822 · fundraising $572

  • 24a · Other expenses: PROPERTY MANAGEMENT

    total $1,225,611 · program services $1,225,611

  • 24b · Other expenses: MAINTENANCE AND REPAIR

    total $967,351 · program services $967,351

  • 24c · Other expenses: UTILITIES

    total $755,830 · program services $755,830

  • 24d · Other expenses: PROPERTY INSURANCE

    total $262,046 · program services $262,046

  • 24e · All other expenses

    total $243,207 · program services $190,541 · management and general $50,391 · fundraising $2,275

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $356,076 · end of year $265,675

  • 2 · Savings and temporary cash investments

    beginning of year $1,919,622 · end of year $1,434,338

  • 3 · Pledges and grants receivable

    beginning of year $18,986 · end of year $126,242

  • 4 · Accounts receivable

    beginning of year $296,976 · end of year $430,365

  • 7 · Other notes and loans receivable

    beginning of year $1,099,063 · end of year $1,000,122

  • 9 · Prepaid expenses and deferred charges

    beginning of year $109,272 · end of year $191,539

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

    $58,534,914

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

    $18,096,656

  • 10c · Land, buildings and equipment, net

    beginning of year $40,388,683 · end of year $40,438,258

  • 13 · Investments: program-related

    beginning of year $100 · end of year $100

  • 15 · Other assets

    beginning of year $196,000 · end of year $185,840

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,638,547 · end of year $1,088,793

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,616,187

  • 23 · Secured mortgages and notes payable

    beginning of year $39,425,932 · end of year $43,467,672

  • 25 · Other liabilities

    beginning of year $190,962 · end of year $185,299

  • 27 · Net assets without donor restrictions

    beginning of year $393,036 · end of year -$862,948

  • 28 · Net assets with donor restrictions

    beginning of year $120,114 · end of year $193,663

Mission and programs · 2023

Mission

ROSE CONNECTS OUR COMMUNITY TO BUILD GOOD HOMES, HEALTHY FAMILIES AND NEIGHBORHOOD OPPORTUNITIES IN OUTER SOUTHEAST PORTLAND.

  • HOUSING - OPERATED 460 UNITS OF AFFORDABLE HOUSING. PREDEVELOPMENT ACTIVITIES FOR BERRY RANCH APARTMENTS.

    Expenses $5,757,828 · Revenue $4,164,993

  • RESIDENT SERVICES - PROVIDED RESIDENT SERVICES TO 25 AFFORDABLE HOUSING PROPERTIES. PROVIDED LEADERSHIP DEVELOPMENT AND PAID INTERNSHIPS THROUGH THE LENTS YOUTH INITIATIVE.

    Expenses $436,780

  • COMMUNITY DEVELOPMENT - SUPPORTED BABY BOOSTER, AN INITIATIVE TO IMPROVE EARLY CHILDHOOD DEVELOPMENT OUTCOMES. ADVOCATED FOR IMPROVEMENTS TO OUTER SOUTHEAST PORTLAND NEIGHBORHOODS.

    Expenses $210,018

As filed on the 2023 return.

Listed in Part VII

  • NICK SAUVIE

    COEXECUTIVE

    Total calculated
    $102,305
    From this org
    $92,590
    From related orgs
    $0
    Other
    $9,715
    Hours/week
    40

  • ANA MEZA RAMOS

    COEXECUTIVE

    Total calculated
    $82,198
    From this org
    $72,859
    From related orgs
    $0
    Other
    $9,339
    Hours/week
    40

  • AMANDA CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MAC CUNNINGHAM

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ERIN ELLIOTT

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • SCOTT GOODMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC JACKSON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • REBEKKAH KEHM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VIRGINIA PETERSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GAURI RAJBAIDYA

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • AUTUMN WROUGHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2023
Filed
6 February 2025
IRS schema version
2023v6.0
Source object
202520379349302052

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.