Totals
- Total revenue
- $4,780,412
- Total expenses
- $4,510,586
- Contributions and grants received
- $2,563,823
- Grants paid
- $0
- Program service revenue
- $2,230,687
- Investment income
- $1,300
- Other revenue
- -$15,398
- Total assets, end of year
- $11,786,817
- Total liabilities, end of year
- $8,171,268
- Net assets or fund balances, end of year
- $3,615,549
- Program services expenses (Part IX)
- $4,227,975
- Management and general expenses
- $225,818
- Fundraising expenses
- $56,793
- Program service expenses (Part III)
- $4,227,975
Program services were 93.7% 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.
-
1c · Fundraising events
$87,462
-
1e · Government grants (contributions)
$833,616
-
1f · All other contributions, gifts and grants
$1,642,745
-
1g · Noncash contributions included above
$23,338
-
2a · Program service revenue: HOME SALES
total $1,773,350 · related or exempt $1,773,350
-
2b · Program service revenue: DEVELOPER FEE INCOME
total $406,168 · related or exempt $406,168
-
2c · Program service revenue: SDC REBATE INCOME
total $27,229 · related or exempt $27,229
-
2d · Program service revenue: CONSULTING SERVICES
total $14,190 · related or exempt $14,190
-
2e · Program service revenue: LAND LEASE FEE INCOME
total $9,750 · related or exempt $9,750
-
3 · Investment income
total $1,300 · excluded $1,300
-
8a · Fundraising events: gross income
$32,188
-
8a · Fundraising events: contributions included on line 1c
$87,462
-
8b · Fundraising events: direct expenses
$51,022
-
8c · Net income from fundraising events
total -$18,834 · excluded -$18,834
-
11a · Other revenue: OTHER INCOME
total $3,436 · related or exempt $3,436
-
11e · Other revenue, total
$3,436
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $261,454 · program services $261,454
-
7 · Other salaries and wages
total $275,163 · program services $114,461 · management and general $123,205 · fundraising $37,497
-
9 · Other employee benefits
total $54,965 · program services $38,455 · management and general $12,657 · fundraising $3,853
-
10 · Payroll taxes
total $49,475 · program services $34,633 · management and general $11,379 · fundraising $3,463
-
11b · Fees: legal
total $33,755 · program services $28,026 · management and general $5,524 · fundraising $205
-
11c · Fees: accounting
total $75,119 · program services $62,380 · management and general $12,284 · fundraising $455
-
11g · Fees: other
total $182,170 · program services $151,039 · management and general $29,912 · fundraising $1,219
-
12 · Advertising and promotion
total $52,343 · program services $41,495 · management and general $8,194 · fundraising $2,654
-
13 · Office expenses
total $7,907 · program services $5,132 · management and general $2,309 · fundraising $466
-
14 · Information technology
total $23,386 · program services $18,608 · management and general $3,106 · fundraising $1,672
-
16 · Occupancy
total $28,820 · program services $20,174 · management and general $6,629 · fundraising $2,017
-
17 · Travel
total $22,213 · program services $16,243 · management and general $4,977 · fundraising $993
-
23 · Insurance
total $34,541 · program services $31,361 · management and general $2,634 · fundraising $546
-
24a · Other expenses: COST OF HOMES SOLD
total $3,063,642 · program services $3,063,642
-
24b · Other expenses: CLIENT SUPPORT
total $323,023 · program services $323,023
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $9,993 · program services $8,138 · management and general $1,552 · fundraising $303
-
24d · Other expenses: OTHER EXPENSES
total $7,400 · program services $5,945 · management and general $35 · fundraising $1,420
-
24e · All other expenses
total $5,217 · program services $3,766 · management and general $1,421 · fundraising $30
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $285,056 · end of year $1,559,122
-
2 · Savings and temporary cash investments
beginning of year $215,306 · end of year $266,605
-
4 · Accounts receivable
beginning of year $267,192 · end of year $104,904
-
7 · Other notes and loans receivable
beginning of year $214,500 · end of year $214,500
-
9 · Prepaid expenses and deferred charges
beginning of year $8,400 · end of year $252,227
-
10a · Land, buildings and equipment: cost or other basis
$1,913,089
-
10c · Land, buildings and equipment, net
beginning of year $1,095,401 · end of year $1,913,089
-
13 · Investments: program-related
end of year $0
-
15 · Other assets
beginning of year $4,252,608 · end of year $7,476,370
-
17 · Accounts payable and accrued expenses
beginning of year $40,969 · end of year $261,883
-
23 · Secured mortgages and notes payable
beginning of year $2,944,748 · end of year $7,902,189
-
25 · Other liabilities
beginning of year $38,727 · end of year $7,196
-
27 · Net assets without donor restrictions
beginning of year $2,834,716 · end of year $2,840,459
-
28 · Net assets with donor restrictions
beginning of year $479,303 · end of year $775,090
Mission and programs · 2024
Mission
KOR COMMUNITY LAND TRUST PROVIDES ENVIRONMENTALLY SUSTAINABLE AND PERMANENTLY AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR THOSE WHO CONTRIBUTE TO THE FABRIC OF THE CENTRAL OREGON ECONOMY AND COMMUNITY.
Activities or mission (Part I)
TO PROVIDE ENVIRONMENTALLY SUSTAINABLE AND PERMANENTLY AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR THOSE WHO CONTRIBUTE TO THE FABRIC OF THE CENTRAL OREGON ECONOMY AND COMMUNITY.
-
ROOTEDHOMES 2024 IMPACT SUMMARYIN 2024, ROOTEDHOMES ADVANCED ITS MISSION TO EXPAND ACCESS TO SUSTAINABLE, AFFORDABLE HOMEOWNERSHIP ACROSS CENTRAL OREGON. SIXTEEN LOCAL FAMILIES PURCHASED HOMES IN SISTERS AND BEND, SUPPORTED BY MORTGAGE-READINESS EDUCATION PROVIDED TO 544 PROSPECTIVE HOMEBUYERS.CONSTRUCTION IS UNDERWAY ON 63 NET-ZERO ENERGY HOMES IN REDMOND AND BEND, WITH COMPLETION EXPECTED IN 2025. TO SUPPORT FUTURE DEVELOPMENT, ROOTEDHOMES SECURED THREE NEW LAND PARCELS IN REDMOND, PRINEVILLE, AND SISTERS.THE ORGANIZATION ALSO CREATED 198 PERMANENT CONSTRUCTION JOBS, CONTRIBUTING TO LOCAL ECONOMIC DEVELOPMENT. AT THE ROOTED AT SIMPSON COMMUNITY, 40 HOMEBUYERS WERE SELECTED; OF THOSE, 68% IDENTIFIED AS FIRST-GENERATION HOMEBUYERS AND 40% AS BIPOC.ROOTEDHOMES REMAINS COMMITTED TO BUILDING RESILIENT, INCLUSIVE COMMUNITIES THROUGH EQUITABLE HOMEOWNERSHIP OPPORTUNITIES.
Expenses $4,227,975 · Revenue $2,234,123
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jamie BradleyJAMIE BRADLEY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Kevin HowardKEVIN HOWARD
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Chris OgrenCHRIS OGREN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Jasmine WilderJASMINE WILDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Christa SummersCHRISTA SUMMERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jenna ConradJENNA CONRAD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sam RiveraSAM RIVERA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dana MadisonDANA MADISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jacquelyn KeoghJACQUELYN KEOGH
EXECUTIVE DIRECTOR
- Total calculated
- $170,437
- From this org
- $154,437
- From related orgs
- $0
- Other
- $16,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,437
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $16,000
- Filer's total
- $170,437
-
Karl DinkelspielKARL DINKELSPIEL
DEPUTY DIRECTOR
- Total calculated
- $116,622
- From this org
- $107,017
- From related orgs
- $0
- Other
- $9,605
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $107,017
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $9,605
- Filer's total
- $116,622
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 · Written employment contract
- 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 III - OTHER ADDITIONAL INFORMATION
- THE BOARD REVIEWS THE EXECUTIVE DIRECTOR'S SALARY ON AN ANNUAL BASIS AND APPROVES ADJUSTMENTS AS DEEMED NECESSARY.
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
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.
-
RH ANTLER LLC
AFFORDABLE HOUSING DEVELOPMENT · OR · income $0 · assets $856,562
Directly controlled by KOR COMMUNITY LAND TRUST
-
RH 19TH LLC
AFFORDABLE HOUSING DEVELOPMENT · OR · income $0 · assets $2,070,750
Directly controlled by KOR COMMUNITY LAND TRUST
-
KORHW POPLAR STREET LLC
AFFORDABLE HOUSING DEVELOPMENT · OR · income $0 · assets $0
Directly controlled by KOR COMMUNITY LAND TRUST
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
KORHW 8TH STREET LLC
RELATED · AFFORDABLE HOUSING DEVELOPMENT · OR · 51% owned · general or managing partner
Directly controlled by KOR COMMUNITY LAND TRUST
-
RELATED · AFFORDABLE HOUSING DEVELOPMENT · OR · 99.9% owned · share of assets $6,068,435 · general or managing partner
Directly controlled by KOR COMMUNITY LAND TRUST
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533219349311933
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