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Nonprofiteer
← NORTHWEST COASTAL HOUSING

Form 990 for tax year 2022

Filed by NORTHWEST COASTAL HOUSING.

Totals

Total revenue
$2,834,771
Total expenses
$2,031,493
Contributions and grants received
$1,488,568
Grants paid
$0
Program service revenue
$1,396,622
Investment income
-$54,344
Other revenue
$3,925
Total assets, end of year
$10,195,031
Total liabilities, end of year
$4,449,506
Net assets or fund balances, end of year
$5,745,525
Program services expenses (Part IX)
$1,818,276
Management and general expenses
$133,158
Fundraising expenses
$80,059
Program service expenses (Part III)
$1,818,276

Program services were 89.5% 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)

    $1,166,076

  • 1f · All other contributions, gifts and grants

    $322,492

  • 1g · Noncash contributions included above

    $17,700

  • 2a · Program service revenue: RENTAL INCOME

    total $1,258,107 · related or exempt $1,258,107

  • 2b · Program service revenue: DEVELOPER FEES

    total $95,734 · related or exempt $95,734

  • 2c · Program service revenue: OTHER TENANT INCOME

    total $23,428 · related or exempt $23,428

  • 2d · Program service revenue: PROPERTY MGT/CONTRACTS

    total $10,000 · related or exempt $10,000

  • 2e · Program service revenue: RESIDENT SERVICES COORDINATOR

    total $9,353 · related or exempt $9,353

  • 3 · Investment income

    total $114 · excluded $114

  • 7a · Gross sales of assets other than inventory

    other assets $1,800,000

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

    other assets $1,854,458

  • 7c · Gain or loss

    other assets -$54,458

  • 7d · Net gain or loss

    total -$54,458 · related or exempt -$54,458

  • 11a · Other revenue: OTHER INCOME

    total $3,925 · related or exempt $3,925

  • 11e · Other revenue, total

    $3,925

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $77,787 · program services $19,447 · management and general $38,894 · fundraising $19,446

  • 7 · Other salaries and wages

    total $441,390 · program services $397,479 · management and general $18,560 · fundraising $25,351

  • 9 · Other employee benefits

    total $30,602 · program services $24,856 · management and general $3,229 · fundraising $2,517

  • 10 · Payroll taxes

    total $46,658 · program services $37,715 · management and general $5,025 · fundraising $3,918

  • 11a · Fees: management

    total $66,585 · program services $66,585

  • 11b · Fees: legal

    total $18,563 · program services $18,563

  • 11c · Fees: accounting

    total $44,847 · program services $25,615 · management and general $19,232

  • 11g · Fees: other

    total $37,127 · program services $36,942 · fundraising $185

  • 13 · Office expenses

    total $63,303 · program services $43,105 · management and general $8,535 · fundraising $11,663

  • 16 · Occupancy

    total $476,618 · program services $454,556 · management and general $16,562 · fundraising $5,500

  • 19 · Conferences, conventions and meetings

    total $2,965 · program services $2,965

  • 20 · Interest

    total $117,417 · program services $117,071 · management and general $346

  • 22 · Depreciation, depletion and amortization

    total $408,677 · program services $383,433 · management and general $15,300 · fundraising $9,944

  • 23 · Insurance

    total $84,562 · program services $76,885 · management and general $6,142 · fundraising $1,535

  • 24a · Other expenses: SUPPLIES AND EQUIPMENT

    total $69,988 · program services $69,988

  • 24b · Other expenses: BAD DEBT

    total $22,044 · program services $22,044

  • 24c · Other expenses: CONTRIBUTIONS IN-KIND

    total $17,700 · program services $17,700

  • 24d · Other expenses: TAXES AND FEES

    total $3,660 · program services $2,327 · management and general $1,333

  • 24e · All other expenses

    total $1,000 · program services $1,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $523,032 · end of year $876,035

  • 2 · Savings and temporary cash investments

    beginning of year $200,525 · end of year $255,034

  • 3 · Pledges and grants receivable

    beginning of year $1,220,867 · end of year $1,591,396

  • 4 · Accounts receivable

    beginning of year $33,899 · end of year $32,967

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,620 · end of year $12,409

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

    $12,243,414

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

    $5,333,560

  • 10c · Land, buildings and equipment, net

    beginning of year $8,836,709 · end of year $6,909,854

  • 15 · Other assets

    beginning of year $118,000 · end of year $517,336

  • 17 · Accounts payable and accrued expenses

    beginning of year $204,994 · end of year $95,263

  • 19 · Deferred revenue

    beginning of year $1,175,874 · end of year $1,596,117

  • 23 · Secured mortgages and notes payable

    beginning of year $4,518,420 · end of year $2,564,353

  • 25 · Other liabilities

    beginning of year $111,117 · end of year $193,773

  • 27 · Net assets without donor restrictions

    beginning of year $4,782,257 · end of year $5,454,130

  • 28 · Net assets with donor restrictions

    beginning of year $159,990 · end of year $291,395

Mission and programs · 2022

Mission

NORTHWEST COASTAL HOUSING (NWCH) WAS ESTABLISHED IN 1991 TO PROVIDE AFFORDABLE, SAFE, DECENT AND STABLE HOUSING WITH COMPASSION AND INTEGRITY TO THOSE LIVING IN LINCOLN COUNTY, OREGON. NWCH DEVELOPS AND MAINTAINS AFFORDABLE HOUSING WHILE ADVOCATING FOR AND SUPPORTING COMMUNITY EFFORTS THAT ENHANCE AFFORDABLE HOUSING OPTIONS FOR LOW-INCOME AND/OR DISABLED INDIVIDUALS AND FAMILIES.

Activities or mission (Part I)

TO PRESERVE, CONSTRUCT, AND REHABILITATE HOUSING UNITS IN LINCOLN COUNTY, OREGON TO PROVIDE RENTAL AND HOME OWNERSHIP OPPORTUNITIES FOR THOSE WHO CAN NOT AFFORD MARKET RATE HOUSING

  • AFFORDABLE HOUSING PROGRAM PRESERVES, CONSTRUCTS AND REHABILITATES HOUSING UNITS IN LINCOLN COUNTY, OREGON TO PROVIDE RENTAL AND HOME OWNERSHIP OPPORTUNITIES FOR THOSE WHO CANNOT AFFORD MARKET RATE HOUSING. NWCH ADVOCATES FOR, DEVELOPS AND MANAGES SAFE, DECENT SHELTER FOR LOW-INCOME FAMILIES, INDIVIDUALS RECOVERING FROM MENTAL ILLNESS AND DRUG OR ALCOHOL ADDICTIONS, VETERANS, AND SUPPORTED HOUSING FOR DEVELOPMENTALLY DISABLED PEOPLE. NWCH ALSO PROVIDES RESIDENT SERVICES INCLUDING HEALTH AND NUTRITION WORKSHOPS, COMMUNITY GARDENS, KID'S CLUB, SOCIAL ACTIVITIES AND REFERRALS, CONFLICT RESOLUTION SERVICES, PLUS FIRST-TIME HOMEBUYER CLASSES, AND FINANCIAL FITNESS EDUCATION. YAQUINA BREEZE APARTMENTS IN NEWPORT, OREGON OFFER 9 UNITS OF SUPPORTIVE HOUSING FOR PERSONS WITH MENTAL HEALTH ISSUES INCLUDING PTSD DISABILITIES AND DRUG/ALCOHOL ADDICTIONS, EARNING LESS THAN 50% OF AREA FAMILY ADJUSTED GROSS INCOME. RESIDENT SERVICES ARE PROVIDED BY LINCOLN COUNTY HEALTH AND HUMAN SERVICES DEPARTMENT. GOLDEN EAGLE II IN TILLAMOOK OREGON OFFERS 32 APARTMENTS FOR SENIORS AND LOW-INCOME INDIVIDUALS AND FAMILIES AND WAS ACQUIRED IN 2021. COASTAL PHOENIX RISING IN LINCOLN CITY OREGON OFFERS 38 UNITS TO HOMEOWNERS DISPLACED DUE TO UNFORESEEN EVENTS SUCH AS WILDFIRES AS WELL AS THOSE IN NEED OF SHELTER AND/OR REFERRED BY AREA AGENCIES. THIS FORMER HOTEL WAS ACQUIRED IN 2021 AND IS NOW USED AS A SHELTER.

    Expenses $923,065 · Revenue $735,844

  • SPYGLASS RIDGE LP IS A PARTNERSHIP FORMED TO ACQUIRE, REHABILITATE, AND OPERATE AN 80 UNIT APARTMENT COMPLEX KNOWN AS SPYGLASS RIDGE APARTMENTS (THE RIDGE) LOCATED IN LINCOLN CITY, OREGON. THE RIDGE RENTS ALL OF ITS UNITS TO LOW-INCOME INDIVIDUALS AND FAMILIES AND IS OPERATED IN A MANNER NECESSARY TO QUALIFY FOR LOW-INCOME HOUSING TAX CREDITS AS PROVIDED UNDER SECTION 42 OF THE INTERNAL REVENUE CODE. THE RIDGE SHALL CONTINUE IN PERPETUITY AND IS SUBJECT TO U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROVISIONS, LAWS AND REGULATIONS FOR THE TERM OF ITS HUD INSURED LOAN. AS NOTED ABOVE, THE RIDGE PROVIDES 80 UNITS OF AFFORDABLE FAMILY HOUSING WITH 72 UNITS AT 60%, 6 UNITS AT 50% OR LESS OF THE AREA FAMILY ADJUSTED MEDIAN GROSS INCOME. NWCH OFFERS RESIDENT SERVICES AT THE RIDGE.

    Expenses $895,211 · Revenue $610,359

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Trevor Brittsan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Michael Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Sandy Battles

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Rosa Coppola

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    3

  • Raymond Erickson-King

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard Musick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Reyes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sheila Stiley

    EXECUTIVE DI

    Total calculated
    $77,787
    From this org
    $77,787
    From related orgs
    $0
    Other
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

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.

  • BLACKBERRY HILL HOUSING LLC

    HOUSING · OR

    Directly controlled by NORTHWEST NORTHWEST COASTAL HOUSING

  • COASTAL PHOENIX RISING LLC

    SHELTER · OR

    Directly controlled by NWCH NORTHWEST COASTAL HOUSING

  • GOLDEN EAGLE DEVELOPMENT LLC

    HOUSING · OR

    Directly controlled by NWCH NORTHWEST COASTAL HOUSING

Provenance

Return type
form_990
Tax year
2022
Filed
10 July 2023
IRS schema version
2022v5.0
Source object
202312339349300791

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