Form 990 for tax year 2024
Filed by ROSE COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $7,179,515
- Total expenses
- $6,975,339
- Contributions and grants received
- $1,390,494
- Grants paid
- $0
- Program service revenue
- $4,231,542
- Investment income
- $839,345
- Other revenue
- $718,134
- Total assets, end of year
- $42,351,579
- Total liabilities, end of year
- $42,816,688
- Net assets or fund balances, end of year
- -$465,109
- Program services expenses (Part IX)
- $6,787,393
- Management and general expenses
- $175,025
- Fundraising expenses
- $12,921
- Program service expenses (Part III)
- $6,787,393
Program services were 97.3% 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)
$1,198,668
-
1f · All other contributions, gifts and grants
$191,826
-
2a · Program service revenue: RENTAL INCOME
total $4,185,777 · related or exempt $4,185,777
-
2b · Program service revenue: CONTRACT
total $45,765 · related or exempt $45,765
-
3 · Investment income
total $55,129 · excluded $55,129
-
7a · Gross sales of assets other than inventory
other assets $1,457,584
-
7b · Less cost or other basis and sales expenses
other assets $673,368
-
7c · Gain or loss
other assets $784,216
-
7d · Net gain or loss
total $784,216 · related or exempt $784,216
-
11a · Other revenue: DEVELOPER FEE INCOME
total $519,510 · excluded $519,510
-
11b · Other revenue: OTHER
total $198,624 · excluded $198,624
-
11e · Other revenue, total
$718,134
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $172,737 · program services $136,119 · management and general $33,196 · fundraising $3,422
-
7 · Other salaries and wages
total $241,976 · program services $190,680 · management and general $46,503 · fundraising $4,793
-
9 · Other employee benefits
total $91,691 · program services $72,254 · management and general $17,621 · fundraising $1,816
-
10 · Payroll taxes
total $36,663 · program services $28,891 · management and general $7,046 · fundraising $726
-
11g · Fees: other
total $268,081 · program services $214,888 · management and general $53,193
-
13 · Office expenses
total $4,357 · program services $3,528 · management and general $666 · fundraising $163
-
16 · Occupancy
total $17,227 · program services $13,380 · management and general $3,507 · fundraising $340
-
20 · Interest
total $971,173 · program services $970,204 · management and general $969
-
22 · Depreciation, depletion and amortization
total $1,396,507 · program services $1,394,534 · management and general $1,788 · fundraising $185
-
23 · Insurance
total $15,996 · program services $12,312 · management and general $3,347 · fundraising $337
-
24a · Other expenses: PROPERTY MANAGEMENT
total $1,216,890 · program services $1,216,890
-
24b · Other expenses: MAINTENANCE AND REPAIR
total $995,608 · program services $995,608
-
24c · Other expenses: UTILITIES
total $832,700 · program services $832,700
-
24d · Other expenses: PROPERTY INSURANCE
total $327,592 · program services $327,592
-
24e · All other expenses
total $386,141 · program services $377,813 · management and general $7,189 · fundraising $1,139
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $265,675 · end of year $265,475
-
2 · Savings and temporary cash investments
beginning of year $1,434,338 · end of year $1,190,043
-
3 · Pledges and grants receivable
beginning of year $126,242 · end of year $98,729
-
4 · Accounts receivable
beginning of year $430,365 · end of year $98,058
-
7 · Other notes and loans receivable
beginning of year $1,000,122 · end of year $2,504,345
-
9 · Prepaid expenses and deferred charges
beginning of year $191,539 · end of year $199,094
-
10a · Land, buildings and equipment: cost or other basis
$57,074,730
-
10b · Land, buildings and equipment: accumulated depreciation
$19,257,435
-
10c · Land, buildings and equipment, net
beginning of year $40,438,258 · end of year $37,817,295
-
13 · Investments: program-related
beginning of year $100 · end of year $155
-
15 · Other assets
beginning of year $185,840 · end of year $178,385
-
17 · Accounts payable and accrued expenses
beginning of year $1,088,793 · end of year $696,058
-
19 · Deferred revenue
end of year $62,984
-
23 · Secured mortgages and notes payable
beginning of year $43,467,672 · end of year $41,873,208
-
25 · Other liabilities
beginning of year $185,299 · end of year $184,438
-
27 · Net assets without donor restrictions
beginning of year -$862,948 · end of year -$556,549
-
28 · Net assets with donor restrictions
beginning of year $193,663 · end of year $91,440
Mission and programs · 2024
Mission
ROSE CONNECTS OUR COMMUNITY TO BUILD GOOD HOMES, HEALTHY FAMILIES AND NEIGHBORHOOD OPPORTUNITIES IN OUTER SOUTHEAST PORTLAND.
-
HOUSING - OPERATED 500 UNITS OF AFFORDABLE HOUSING. COMPLETED CONSTRUCTION BERRY RANCH APARTMENTS, WHICH PROVIDES 50 AFFORDABLE APARTMENTS.
Expenses $6,101,940 · Revenue $4,231,542
-
RESIDENT SERVICES - PROVIDED RESIDENT SERVICES TO 25 AFFORDABLE HOUSING PROPERTIES. PROVIDED LEADERSHIP DEVELOPMENT AND PAID INTERNSHIPS THROUGH THE LENTS YOUTH INITIATIVE.
Expenses $462,883
-
COMMUNITY DEVELOPMENT - SUPPORTED BABY BOOSTER, AN INITIATIVE TO IMPROVE EARLY CHILDHOOD DEVELOPMENT OUTCOMES. ADVOCATED FOR IMPROVEMENTS TO OUTER SOUTHEAST PORTLAND NEIGHBORHOODS.
Expenses $222,570
As filed on the 2024 return.
Listed in Part VII
-
Nick SauvieNICK SAUVIE
COEXECUTIVE
- Total calculated
- $101,483
- From this org
- $94,949
- From related orgs
- $0
- Other
- $6,534
- Hours/week
- 40
-
Ana Meza RamosANA MEZA RAMOS
COEXECUTIVE
- Total calculated
- $98,498
- From this org
- $77,787
- From related orgs
- $0
- Other
- $20,711
- Hours/week
- 40
-
Raymond Mac CunninghamRAYMOND MAC CUNNINGHAM
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Amanda ClarkAMANDA CLARK
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Autumn WroughtAUTUMN WROUGHT
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Eric JacksonERIC JACKSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Brian Flores GarciaBRIAN FLORES GARCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott GoodmanSCOTT GOODMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rebekkah KehmREBEKKAH KEHM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ian MeisnerIAN MEISNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Virginia PetersenVIRGINIA PETERSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gauri RajbaidyaGAURI RAJBAIDYA
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
- 2024
- Filed
- 6 March 2026
- IRS schema version
- 2024v5.0
- Source object
- 202601359349314510
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