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Nonprofiteer
← COMMUNITY DEVELOPMENT CORPORATION OF OREGON

Form 990 for tax year 2023

Filed by COMMUNITY DEVELOPMENT CORPORATION OF OREGON.

Totals

Total revenue
$5,330,308
Total expenses
$5,556,298
Contributions and grants received
$5,290,194
Grants paid
$1,841,449
Program service revenue
$0
Investment income
$0
Other revenue
$40,114
Total assets, end of year
$9,923,256
Total liabilities, end of year
$3,588,529
Net assets or fund balances, end of year
$6,334,727
Program services expenses (Part IX)
$4,228,639
Management and general expenses
$1,026,134
Fundraising expenses
$301,525
Program service expenses (Part III)
$4,228,639

Program services were 76.1% 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)

    $4,906,555

  • 1f · All other contributions, gifts and grants

    $383,639

  • 1g · Noncash contributions included above

    $44,172

  • 6a · Gross rents

    real property $40,114

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $40,114

  • 6d · Net rental income or loss

    total $40,114 · excluded $40,114

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $49,825 · program services $49,825

  • 2 · Grants to domestic individuals

    total $1,791,624 · program services $1,791,624

  • 5 · Compensation of officers, directors and key employees

    total $555,111 · program services $225,808 · management and general $209,803 · fundraising $119,500

  • 6 · Compensation of disqualified persons

    total $1,328,905 · program services $1,012,195 · management and general $239,327 · fundraising $77,383

  • 8 · Pension plan contributions

    total $1,488 · program services $1,108 · management and general $218 · fundraising $162

  • 9 · Other employee benefits

    total $127,429 · program services $94,866 · management and general $18,702 · fundraising $13,861

  • 10 · Payroll taxes

    total $124,375 · program services $92,592 · management and general $18,254 · fundraising $13,529

  • 11b · Fees: legal

    total $5,645 · management and general $5,645

  • 11c · Fees: accounting

    total $139,984 · management and general $139,984

  • 11g · Fees: other

    total $437,500 · program services $197,825 · management and general $162,585 · fundraising $77,090

  • 12 · Advertising and promotion

    total $2,198 · program services $2,198

  • 13 · Office expenses

    total $66,246 · program services $66,246

  • 16 · Occupancy

    total $87,286 · program services $43,643 · management and general $43,643

  • 17 · Travel

    total $64,212 · program services $37,188 · management and general $27,024

  • 19 · Conferences, conventions and meetings

    total $24,983 · management and general $24,983

  • 20 · Interest

    total $168,317 · program services $145,021 · management and general $23,296

  • 22 · Depreciation, depletion and amortization

    total $379,501 · program services $359,436 · management and general $20,065

  • 23 · Insurance

    total $53,214 · program services $26,607 · management and general $26,607

  • 24a · Other expenses: SUPPLIES

    total $73,016 · program services $57,089 · management and general $15,927 · fundraising $0

  • 24b · Other expenses: OPERATIONS

    total $34,285 · program services $8,616 · management and general $25,669 · fundraising $0

  • 24c · Other expenses: ALL OTHER EXPENSES

    total $26,988 · program services $2,586 · management and general $24,402 · fundraising $0

  • 24d · Other expenses: MAINTENANCE AND REPAIRS

    total $14,166 · program services $14,166 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $145,544 · end of year $713,970

  • 3 · Pledges and grants receivable

    beginning of year $1,389,005 · end of year $1,057,065

  • 4 · Accounts receivable

    beginning of year $11,204 · end of year $7,800

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $12,167

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

    $8,929,408

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

    $818,078

  • 10c · Land, buildings and equipment, net

    beginning of year $6,550,753 · end of year $8,111,330

  • 14 · Intangible assets

    beginning of year $60,000 · end of year $15,000

  • 15 · Other assets

    beginning of year $310,416 · end of year $5,924

  • 17 · Accounts payable and accrued expenses

    beginning of year $721,311 · end of year $641,979

  • 19 · Deferred revenue

    beginning of year $315,875 · end of year $900,823

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $1,300,000

  • 24 · Unsecured notes and loans payable

    beginning of year $408,511 · end of year $599,629

  • 25 · Other liabilities

    beginning of year $460,508 · end of year $146,098

  • 27 · Net assets without donor restrictions

    beginning of year $6,560,717 · end of year $6,259,727

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $75,000

Mission and programs · 2023

Mission

WE SERVE AS A HUB OR BACKBONE TO PROVIDE LADDERS FOR CLIMBING FROM POVERTY INTO PROSPERITY, IMPROVING HEALTH OUTCOMES, CREATING PUBLIC-PRIVATE PARTNERSHIPS, EXPANDING THE SUPPLY OF ECONOMICAL HOUSING AND ENCOURAGING AND ASSISTING COMMERCIAL DEVELOPMENT.

Activities or mission (Part I)

COMMUNITY BASED PROGRAM THAT WORKS TO ELIMINATE POVERTY.

  • EAST COUNTY COMMUNITY HEALTH: PROVIDED A WIDE RANGE OF HEALTH SERVICES TO THE COMMUNITY THAT IN 2023 INCLUDED COVID VACCINATIONS AND RELIEF, TOBACCO CESSATION, AS WELL AS OREGON HEALTH PLAN REGISTRATION ASSISTANCE.

    Expenses $1,189,529 · Grants $103,828

  • EAST COUNTY HOUSING DIVISION: PROVIDED HOUSELESS TRANSITION SERVICES BOTH IN THE SHELTER BUILDING AND FOR HOUSELESS CLIENTS LIVING OUTSIDE. PROGRAMS INCLUDE JOB TRAINING, BUSINESS ASSISTANCE, DEBT COUNSELING, RENT AND OTHER HOUSING ASSISTANCE, AND DEVELOPMENT PROJECTS FOR FUTURE HOUSING LOCATIONS.

    Expenses $1,980,948 · Grants $1,078,489

  • ECONOMIC DEVELOPMENT DIVISION: PRIMARY ACTIVITIES INCLUDED THE BUSINESS BRIDGE PROGRAM FUNDED BY THE US SBA, AS WELL AS COMMUNITY HEALTH WORKER TRAINING. THE DIVISION INCLUDES THE ROCKWOOD FOOD SYSTEMS COLLABORATIVE WHICH USED FOOD, NUTRITIONAL EDUCATION, BUSINESS INCUBATION AND AGRICULTURAL DEVELOPMENT AS TOOLS TO HELP NEIGHBOR ASSISTANCE.

    Expenses $1,058,162 · Grants $659,132

As filed on the 2023 return.

Listed in Part VII

  • Brad Ketch

    PRESIDENT

    Total calculated
    $233,869
    From this org
    $228,223
    From related orgs
    $0
    Other
    $5,646
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $140,223
    Bonus
    $10,000
    Other
    $78,000
    Deferred
    $0
    Nontaxable benefits
    $5,646
    Filer's total
    $233,869

  • Marcel Newsome

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Elaine Edrington

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Martin Campos-Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bill Kieselhorst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Toni Kelich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lynn Ketch

    EXECUTIVE DIRECTOR

    Total calculated
    $149,086
    From this org
    $143,440
    From related orgs
    $0
    Other
    $5,646
    Hours/week
    40

  • Hai Nguyen

    PRESIDENT OF ECH HOUSING

    Total calculated
    $189,093
    From this org
    $183,447
    From related orgs
    $0
    Other
    $5,646
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,636
    Bonus
    $26,811
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,646
    Filer's total
    $189,093

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 · Form 990 of other organizations
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD SETS COMPENSATION LEVELS ANNUALLY FOR OFFICERS AND ESTABLISHES PAY BANDS FOR THE VARIOUS CLASSIFICATIONS OF EMPLOYEES. THE BOARD PURCHASES INDEPENDENT COMPENSATION DATA AND USES IT TO BENCHMARK OUR ORGANIZATION'S COMPENSATION.

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

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.

  • EAST COUNTY HOUSING LLC

    OWN AND MANAGE REAL PROPERTY · OR · income $0 · assets $8,055,220

    Directly controlled by COMMUNITY DEVELOPMENT CORPORATION OF OREGON

Related partnerships

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

  • OCCI REAL ESTATE FUND I LLC

    RAISE CAPITAL AND FUND BUSINESSES · OR

Related corporations and trusts

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

  • OREGON COMMUNITY CAPITAL INC

    C · RAISE CAPITAL AND FUND BUSINESSES IN OPPORTUNITY ZONES IN OREGON · OR · 100% owned · share of assets $4,580 · controlled entity

    Directly controlled by COMMUNITY DEVELOPMENT CORPORATION OF OREGON

Provenance

Return type
form_990
Tax year
2023
Filed
29 August 2024
IRS schema version
2023v5.1
Source object
202442759349300544

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