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Nonprofiteer
← OREGON ASSOCIATION OF REALTORS HOME FOUNDATION

Form 990 for tax year 2022

Filed by OREGON ASSOCIATION OF REALTORS HOME FOUNDATION.

Totals

Total revenue
$202,283
Total expenses
$133,617
Contributions and grants received
$165,585
Grants paid
$126,000
Program service revenue
$0
Investment income
$23
Other revenue
$36,675
Total assets, end of year
$419,721
Total liabilities, end of year
$25,562
Net assets or fund balances, end of year
$394,159
Program services expenses (Part IX)
$126,000
Management and general expenses
$7,617
Fundraising expenses
$0
Program service expenses (Part III)
$126,000

Program services were 94.3% 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.

  • 1c · Fundraising events

    $75,000

  • 1d · Related organizations

    $50,330

  • 1f · All other contributions, gifts and grants

    $40,255

  • 3 · Investment income

    total $23 · excluded $23

  • 8a · Fundraising events: gross income

    $81,403

  • 8a · Fundraising events: contributions included on line 1c

    $75,000

  • 8b · Fundraising events: direct expenses

    $52,474

  • 8c · Net income from fundraising events

    total $28,929 · excluded $28,929

  • 9a · Gaming: gross income

    $10,230

  • 9b · Gaming: direct expenses

    $2,484

  • 9c · Net income from gaming

    total $7,746 · excluded $7,746

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $126,000 · program services $126,000

  • 11c · Fees: accounting

    total $1,200 · management and general $1,200

  • 11g · Fees: other

    total $4,132 · management and general $4,132

  • 13 · Office expenses

    total $350 · management and general $350

  • 24a · Other expenses: SUPPLIES

    total $1,602 · program services $0 · management and general $1,602 · fundraising $0

  • 24b · Other expenses: TAXES, FEES AND LICENSE

    total $233 · program services $0 · management and general $233 · fundraising $0

  • 24c · Other expenses: MISCELLANEOUS

    total $100 · program services $0 · management and general $100 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $325,763 · end of year $366,610

  • 4 · Accounts receivable

    beginning of year $27,840 · end of year $46,980

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,006 · end of year $3,006

  • 15 · Other assets

    beginning of year $2,526 · end of year $3,125

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,804 · end of year $19,076

  • 19 · Deferred revenue

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

  • 25 · Other liabilities

    beginning of year $8,838 · end of year $6,486

  • 27 · Net assets without donor restrictions

    beginning of year $325,493 · end of year $394,159

Mission and programs · 2022

Mission

TO CREATE, EXPAND AND ENCOURAGE HOME OWNERSHIP OPPORTUNITIES FOR OREGONIANS AT OR BELOW LOCAL MEDIAN INCOME. THE FOUNDATION PROMOTES AWARENESS OF AFFORDABLE HOUSING ISSUES BY EDUCATING OREGONIANS AND THEIR REPRESENTATIVES ABOUT THE BARRIERS TO HOME OWNERSHIP AND THE RESOURCES NEEDED TO INCREASE HOUSING AFFORDABILITY.

Activities or mission (Part I)

PROVIDE FINANCIAL RESOURCES TO CREATE & ENCOURAGE HOME OWNERSHIP OPPORTUNITIES FOR OREGONIANS.

  • THE FOUNDATION IS OPERATED TO FACILITATE AND INCREASE HOUSING OPPORTUNITIES IN OREGON BY ALL NECESSARY AND PROPER MEANS. THE FOUNDATION PROVIDES MUCH NEEDED FUNDS TO ORGANIZATIONS DEDICATED TO THE DEVELOPMENT, MAINTENANCE, OR REPAIR OF AFFORDABLE HOUSING. IT WILL HELP EDUCATE CONSUMERS AND REAL ESTATE PROFESSIONALS AND PROVIDE THE TOOLS THEY NEED TO MAKE HOMEOWNERSHIP MORE ATTAINABLE. IT WILL ADDRESS BOTH IMMEDIATE AND LONG-TERM NEEDS THROUGH STRONG PUBLIC/PRIVATE PARTNERSHIPS. AND MOST IMPORTANTLY, IT WILL GIVE MORE OREGONIANS THE OPPORTUNITY TO MAKE A LASTING INVESTMENT IN LOCAL COMMUNITIES. A TOTAL OF $126,000 WAS DONATED TO HOUSING CAUSES IN 2022.

    Expenses $126,000 · Grants $126,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cheryl Faria

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sybil Fontaine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jillyan Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Hemenway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Heidi Hazel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Joseph Jody Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judy Gysin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Beth Castor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angela Stuckart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rita Verdugo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarie Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Pakula

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $362,717
    From this org
    $0
    From related orgs
    $336,510
    Other
    $26,207
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,510 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $12,000 related
    Deferred
    $0 + $11,699 related
    Nontaxable benefits
    $0 + $14,508 related
    Filer's total
    $0 + $362,717 related

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

None.

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
OREGON ASSOCIATION OF REALTORS A RELATED ORGANIZATION HAS A FORMAL COMPENSATION POLICY AS FOLLOWS: ALL COMPENSATION IS COMPARED AND MEASURED AGAINST INDEPENDENT 3RD PARTY SURVEY. THE CEO HAS AN EMPLOYMENT CONTRACT DETAILING THE AGREED COMPENSATION WHICH IS APPROVED BY THE BOARD.

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.

  • OREGON REALTORS

    501(C)(6) · ENHANCE MEMBERS INDIVIDUAL REAL ESTATE BUSINESSES · OR

  • OREGON REALTORS POLITICAL ACTION COMMITTEE

    527 · POLITICAL · OR · controlled entity

    Directly controlled by OREGON REALTORS

Provenance

Return type
form_990
Tax year
2022
Filed
24 May 2023
IRS schema version
2022v5.0
Source object
202341519349301019

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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