Totals
- Total revenue
- $416,396
- Total expenses
- $631,654
- Contributions and grants received
- $320,721
- Grants paid
- $448,217
- Program service revenue
- $94,758
- Investment income
- $917
- Other revenue
- $0
- Total assets, end of year
- $2,508,156
- Total liabilities, end of year
- $546,573
- Net assets or fund balances, end of year
- $1,961,583
- Program services expenses (Part IX)
- $578,561
- Management and general expenses
- $53,093
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $578,561
Program services were 91.6% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$320,721
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: INCENTIVE MANAGEMENT FEES
total $40,000 · related or exempt $40,000 · unrelated business $0 · excluded $0
-
2b · Program service revenue: HOUSING PROJECT LOAN INTEREST INCOME
total $35,348 · related or exempt $35,348 · unrelated business $0 · excluded $0
-
2c · Program service revenue: CTEC ADMIN FEE
total $16,000 · related or exempt $16,000 · unrelated business $0 · excluded $0
-
2d · Program service revenue: DEVELOPER FEES
total $3,410 · related or exempt $3,410 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $917 · related or exempt $917 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $448,217 · program services $448,217
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $133,411 · program services $113,400 · management and general $20,011 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $0 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $0 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $10,567 · program services $8,982 · management and general $1,585 · fundraising $0
-
11b · Fees: legal
total $1,804 · program services $249 · management and general $1,555 · fundraising $0
-
11c · Fees: accounting
total $26,645 · program services $0 · management and general $26,645 · fundraising $0
-
11g · Fees: other
total $1,576 · program services $0 · management and general $1,576 · fundraising $0
-
12 · Advertising and promotion
total $150 · program services $128 · management and general $22 · fundraising $0
-
13 · Office expenses
total $1,605 · program services $871 · management and general $734 · fundraising $0
-
14 · Information technology
total $1,965 · program services $1,671 · management and general $294 · fundraising $0
-
17 · Travel
total $1,586 · program services $1,586 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $1,084 · program services $885 · management and general $199 · fundraising $0
-
20 · Interest
total $0
-
23 · Insurance
total $2,579 · program services $2,192 · management and general $387 · fundraising $0
-
24a · Other expenses: BUSINESS REGISTRATION FEES
total $465 · program services $380 · management and general $85 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $779,521 · end of year $488,796
-
2 · Savings and temporary cash investments
beginning of year $501,284 · end of year $707,266
-
4 · Accounts receivable
beginning of year $114,891 · end of year $79,844
-
7 · Other notes and loans receivable
beginning of year $1,280,704 · end of year $1,206,173
-
9 · Prepaid expenses and deferred charges
beginning of year $882 · end of year $1,077
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
end of year $0
-
15 · Other assets
end of year $25,000
-
17 · Accounts payable and accrued expenses
beginning of year $25,052 · end of year $43,435
-
23 · Secured mortgages and notes payable
beginning of year $503,138 · end of year $503,138
-
27 · Net assets without donor restrictions
beginning of year $1,702,601 · end of year $1,617,474
-
28 · Net assets with donor restrictions
beginning of year $446,491 · end of year $344,109
Mission and programs · 2023
Mission
Primarily, this corporation is organized to achieve the objectives of reducing poverty through: pursing economic wellness; fostering low-income housing; providing structures in which charitable organizations are located; and promoting education in the State of Oregon.
Activities or mission (Part I)
Primarily, this corporation is organized to achieve the objectives of reducing poverty through: pursuing economic wellness; fostering low-income housing; providing structures in which charitable organizations are located; and promoting education.
-
Community Resource Trust has collaborated with Oregon Housing and Community Services, Key Community Development Corporation, the City of Salem, and Mountain West Investment Corporation, to build 180 low-income housing units in the city of Salem, Oregon. The project is complete and fully-leased.
Expenses $132,280 · Revenue $917
-
Community Resource Trust has provided funding to Salem-Keizer School District for program enhancements at the Career Technical Educational Center (CTEC). The mission of CTEC is to prepare students for high-skill, high-wage, and high-demand careers while developing the processional skills, technical knowledge, academic foundation and real-world experience to assure their success upon graduation.
Expenses $177,060 · Grants $178,996 · Revenue $43,500
-
Community Resource Trust is currently funding the School Innovation Collaboration project, which is designed to improve attendance and achievement rates in 3 high schools and 2 elementary schools in Salem, Oregon.
Expenses $227,064 · Grants $227,064 · Revenue $175,000
-
Community Resource Trust is serving as Project Sponsor and Managing Member for the Woodburn Opportunity Center. Together with Immanuel Lutheran Church, they have formed an LLC to own and operate the center. Community Resource Trust is serving as Project Sponsor for funding applications and contribute secured funds into the project. The project is currently in its predevelopment stage.
Expenses $42,157 · Grants $42,157 · Revenue $102,221
As filed on the 2023 return.
Listed in Part VII
-
Beth Hays
Executive Director
- Total calculated
- $131,384
- From this org
- $120,817
- From related orgs
- $0
- Other
- $10,567
- Hours/week
- 40
-
Paul De Muniz
Board Director
- Total calculated
- $0
- Hours/week
- 1
-
Chuck Swank
Board Chair
- Total calculated
- $0
- Hours/week
- 1
-
Victoria Shinn
Board Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
George Jennings
Board Director
- Total calculated
- $0
- Hours/week
- 1
-
Shaney Starr
Board Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Chane Griggs
Board Director
- Total calculated
- $0
- Hours/week
- 1
-
Carlotta Alverson
Board Director
- Total calculated
- $0
- Hours/week
- 1
-
Kaley Fought
Board 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.
Grants on this return
-
$175,000
FOR DEVELOPMENT OF HEALTH RESOURCE CENTER
-
$159,596
TO FUND CTEC PROGRAM
-
$52,064
TO FUND SCHOOL INNOVATION PROJECTS
-
TO DEVELOP WOODBURN OPPORTUNITY CENTER
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.
-
CONSTRUCTION OF AFFORDABLE HOUSING · OR · income $75,348 · assets $5,229
Directly controlled by CRT
-
BUILDING OWNERSHIP · OR · income $0 · assets $0
Directly controlled by CRT
-
CRTGWOC LLC
MANAGING MEMBER OF COMMUNITY CENTER · OR · income $0 · assets $98,286
Directly controlled by CRT
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Related · AFFORDABLE HOUSING CONSTRUCTION · OR · 0.005% owned · general or managing partner
Directly controlled by COMMUNITY RESOURCE TRUST
-
GREATER WOODBURN OPPORTUNITY CENTER LLC
Related · Community center for the benefit of the community · OR · 80% owned · general or managing partner
Directly controlled by CRTGWOC LLC IMMANUEL LUTHERAN CHURCH
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202413139349304376
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