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Nonprofiteer
← CORVALLIS NEIGHBORHOOD HOUSING SERVICES INC

Form 990 for tax year 2023

Filed by CORVALLIS NEIGHBORHOOD HOUSING SERVICES INC.

Totals

Total revenue
$19,868,591
Total expenses
$14,812,009
Contributions and grants received
$16,956,127
Grants paid
$6,086,033
Program service revenue
$3,003,641
Investment income
-$41,702
Other revenue
-$49,475
Total assets, end of year
$65,427,971
Total liabilities, end of year
$19,688,142
Net assets or fund balances, end of year
$45,739,829
Program services expenses (Part IX)
$13,486,014
Management and general expenses
$1,318,769
Fundraising expenses
$7,226
Program service expenses (Part III)
$13,486,014

Program services were 91.0% 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)

    $14,740,589

  • 1f · All other contributions, gifts and grants

    $2,215,538

  • 2a · Program service revenue: RENTAL PROPERTIES, NET

    total $1,482,831 · related or exempt $1,482,831

  • 2b · Program service revenue: CONTRACT REVENUE

    total $652,048 · related or exempt $652,048

  • 2c · Program service revenue: OTHER PROGRAM SERVICE FEES

    total $466,782 · related or exempt $466,782

  • 2d · Program service revenue: MISC. PROGRAM REVENUE

    total $207,356 · related or exempt $207,356

  • 2e · Program service revenue: MANAGEMENT FEES

    total $194,624 · related or exempt $194,624

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

    other assets $41,702

  • 7c · Gain or loss

    other assets -$41,702

  • 7d · Net gain or loss

    total -$41,702 · related or exempt -$41,702

  • 11a · Other revenue: LOSS ON INVESTMENT IN LPS

    total -$49,475 · related or exempt -$49,475

  • 11e · Other revenue, total

    -$49,475

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $953,756 · program services $953,756

  • 2 · Grants to domestic individuals

    total $5,132,277 · program services $5,132,277

  • 5 · Compensation of officers, directors and key employees

    total $455,199 · program services $202,481 · management and general $252,718

  • 7 · Other salaries and wages

    total $3,920,415 · program services $3,303,986 · management and general $616,429

  • 8 · Pension plan contributions

    total $132,128 · program services $113,178 · management and general $18,921 · fundraising $29

  • 9 · Other employee benefits

    total $458,102 · program services $368,201 · management and general $89,809 · fundraising $92

  • 10 · Payroll taxes

    total $432,592 · program services $356,047 · management and general $76,545

  • 11a · Fees: management

    total $141,599 · program services $141,599

  • 11b · Fees: legal

    total $42,952 · program services $36,074 · management and general $6,878

  • 11c · Fees: accounting

    total $125,832 · program services $106,731 · management and general $19,101

  • 11g · Fees: other

    total $317,839 · program services $215,368 · management and general $102,471

  • 12 · Advertising and promotion

    total $58,021 · program services $55,962 · management and general $1,179 · fundraising $880

  • 13 · Office expenses

    total $166,340 · program services $133,014 · management and general $29,818 · fundraising $3,508

  • 16 · Occupancy

    total $522,938 · program services $509,612 · management and general $13,326

  • 17 · Travel

    total $23,073 · program services $18,763 · management and general $4,310

  • 19 · Conferences, conventions and meetings

    total $97,634 · program services $84,177 · management and general $13,315 · fundraising $142

  • 20 · Interest

    total $219,737 · program services $208,962 · management and general $10,775

  • 22 · Depreciation, depletion and amortization

    total $548,406 · program services $541,243 · management and general $7,163

  • 23 · Insurance

    total $174,159 · program services $157,692 · management and general $16,467

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $534,939 · program services $527,503 · management and general $7,424 · fundraising $12

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $172,517 · program services $148,554 · management and general $21,400 · fundraising $2,563

  • 24c · Other expenses: CREDIT AND LOAN LOSSES

    total $151,465 · program services $151,465

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $30,089 · program services $19,369 · management and general $10,720

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,899,071 · end of year $1,862,939

  • 2 · Savings and temporary cash investments

    beginning of year $4,938,550 · end of year $4,446,760

  • 3 · Pledges and grants receivable

    beginning of year $1,380,377 · end of year $1,819,175

  • 4 · Accounts receivable

    beginning of year $97,855 · end of year $108,128

  • 7 · Other notes and loans receivable

    beginning of year $14,271,916 · end of year $15,557,340

  • 9 · Prepaid expenses and deferred charges

    beginning of year $281,476 · end of year $143,135

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

    $39,836,748

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

    $6,497,925

  • 10c · Land, buildings and equipment, net

    beginning of year $24,574,609 · end of year $33,338,823

  • 13 · Investments: program-related

    beginning of year $1,027,744 · end of year $978,269

  • 15 · Other assets

    beginning of year $7,997,290 · end of year $7,173,402

  • 17 · Accounts payable and accrued expenses

    beginning of year $783,617 · end of year $1,725,274

  • 19 · Deferred revenue

    beginning of year $1,755,000 · end of year $2,579,589

  • 23 · Secured mortgages and notes payable

    beginning of year $11,751,414 · end of year $14,354,172

  • 25 · Other liabilities

    beginning of year $992,842 · end of year $1,029,107

  • 27 · Net assets without donor restrictions

    beginning of year $26,707,176 · end of year $26,279,036

  • 28 · Net assets with donor restrictions

    beginning of year $14,478,839 · end of year $19,460,793

Mission and programs · 2023

Mission

DEVNW'S MISSION IS TO CREATE THRIVING, INCLUSIVE AND HEALTHY COMMUNITIES THROUGH AFFORDABLE HOUSING, FINANCIAL/ECONOMIC OPPORTUNITY, SMALL BUSINESS DEVELOPMENT AND POLICY CHANGE IN LANE, BENTON, LINN, POLK , LINCOLN, MARION, GRANT AND CLACKAMAS COUNTIES IN OREGON.

  • THE ORGANIZATION, THROUGH GOVERNMENT GRANTS, PUBLIC SUPPORT, AND RENTAL INCOME, SUPPORTS THRIVING, INCLUSIVE AND HEALTHY COMMUNITIES THROUGH RENOVATION AND CONSTRUCTION OF AFFORDABLE HOUSING, FINANCIAL/ECONOMIC PROGRAMS, AND POLICY CHANGE FOR FAMILIES AND INDIVIDUALS.

    Expenses $13,486,014 · Grants $6,086,033 · Revenue $3,003,641

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Emily Reiman

    CEO

    Total calculated
    $162,524
    From this org
    $146,599
    From related orgs
    $0
    Other
    $15,925
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $146,599
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,727
    Nontaxable benefits
    $7,198
    Filer's total
    $162,524

  • Erin Dey

    DIRECTOR OF

    Total calculated
    $161,528
    From this org
    $155,034
    From related orgs
    $0
    Other
    $6,494
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,034
    Bonus
    not reported
    Other
    not reported
    Deferred
    $2,295
    Nontaxable benefits
    $4,199
    Filer's total
    $161,528

  • Tiffany Thompson

    CHIEF CULTUR

    Total calculated
    $133,917
    From this org
    $117,027
    From related orgs
    $0
    Other
    $16,890
    Hours/week
    40

  • Corinne Carmody-Riley

    CFO

    Total calculated
    $131,147
    From this org
    $116,393
    From related orgs
    $0
    Other
    $14,754
    Hours/week
    32 + 8 related

  • Cynthia Campobasso-Ledoux

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Chrystal Shearer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jin Plummer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Duane Walrod

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniela Alexandru-Abrams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Albert Kong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Staci Larson

    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. 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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

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.

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.

  • ALEXANDER SEAVEY DEVELOPMENT LLC

    HOUSING · OR · income -$50 · assets $34,184

    Directly controlled by CNHS

  • SEAVEY 3 DEVELOPMENT LLC

    HOUSING · OR · income -$12 · assets $3,668

    Directly controlled by CNHS

  • WILLAMETTE NEIGHBORHOOD LENDING LLC

    FINANCIAL · OR · income $281,429 · assets $6,243,840

    Directly controlled by CNHS

  • AMES CREEK DEVELOPMENT LLC

    HOUSING · OR · assets $479,801

    Directly controlled by CNHS

  • HOTEL JULIAN DEVELOPMENT LLC

    HOUSING · OR · income $108 · assets $18,744

    Directly controlled by CNHS

  • LANCASTER BRIDGE DEVELOPMENT LLC

    HOUSING · OR · income -$22,265 · assets $1,073,600

    Directly controlled by CNHS

  • 53RD AND COUNTRY CLUB LLC

    HOUSING · OR · income -$24,696 · assets $702,475

    Directly controlled by CNHS

  • AMES CREEK COMMUNITY LLC

    HOUSING · OR · income $192,726 · assets $109,818

    Directly controlled by CNHS

  • CAROLINA SUNSET DEVELOPMENT LLC

    HOUSING · OR · income $276,278 · assets $1,141,547

    Directly controlled by CNHS

  • WNHS LINNHAVEN STONEBROOK LLC

    HOUSING · OR · income $452,589 · assets $3,428,792

    Directly controlled by CNHS

Related partnerships

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

  • CAMAS COMMONS LIMITED PARTNERSHIP

    RELATED · HOUSING · OR · 25% owned · share of income -$24,696 · share of assets $623,258 · general or managing partner

    Directly controlled by 53RD AND COUNTRY CLUB LLC

  • CAMAS COMMONS LIMITED PARTNERSHIP

    RELATED · HOUSING · OR · 25% owned · share of income -$24,696 · share of assets $623,258 · general or managing partner

    Directly controlled by CNHS

  • ALEXANDER SEAVEY LLC

    RELATED · HOUSING · OR · 0.01% owned · share of income -$50 · share of assets $641 · general or managing partner

    Directly controlled by ALEXANDER SEAVEY LLC

  • LANCASTER BRIDGE COMMUNITY LLC

    RELATED · HOUSING · OR · 0.01% owned · share of income -$22 · share of assets $636 · general or managing partner

    Directly controlled by LANCASTER BRIDGE COMMUNITY LLC

  • HOTEL JULIAN COMMUNITY LLC

    RELATED · HOUSING · OR · 0.01% owned · share of income -$19 · share of assets $651 · general or managing partner

    Directly controlled by HOTEL JULIAN COMMUNITY LLC

  • SEAVEY 3 COMMUNITY LLC

    RELATED · HOUSING · OR · 0.01% owned · share of income -$12 · share of assets $305 · general or managing partner

    Directly controlled by SEAVEY

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.0
Source object
202423129349304512

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