Skip to content
Nonprofiteer
← SALEM Y VETERANS HOUSING

Form 990 for tax year 2022

Filed by SALEM Y VETERANS HOUSING.

Totals

Total revenue
$3,392,197
Total expenses
$370,783
Contributions and grants received
$3,392,197
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,084,622
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,084,622
Program services expenses (Part IX)
$315,443
Management and general expenses
$47,793
Fundraising expenses
$7,547
Program service expenses (Part III)
$315,443

Program services were 85.1% 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)

    $3,216,237

  • 1f · All other contributions, gifts and grants

    $175,960

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $89,802 · program services $80,822 · management and general $8,980

  • 11b · Fees: legal

    total $26,820 · management and general $26,820

  • 11c · Fees: accounting

    total $4,101 · management and general $4,101

  • 11g · Fees: other

    total $196,149 · program services $196,149

  • 12 · Advertising and promotion

    total $7,348 · fundraising $7,348

  • 13 · Office expenses

    total $569 · management and general $569

  • 16 · Occupancy

    total $2,142 · program services $2,142

  • 22 · Depreciation, depletion and amortization

    total $7,522 · management and general $7,323 · fundraising $199

  • 23 · Insurance

    total $36,255 · program services $36,255

  • 24a · Other expenses: MAINTENANCE AND REPAIRS

    total $75 · program services $75

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $63,208 · end of year $220,171

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

    $606,134

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

    $199

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $605,935

  • 14 · Intangible assets

    end of year $15,867

  • 15 · Other assets

    beginning of year $0 · end of year $2,242,649

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $63,208 · end of year $3,084,622

Mission and programs · 2022

Mission

SALEM Y VETERANS HOUSING SERVES MILITARY VETERANS IN OUR COMMUNITY BY ASSISTING THEM IN LOCATING AND OBTAINING AFFORDABLE HOUSING, COLLABORATING WITH OTHER PERSONS AND ENTITIES IN ESTABLISHING MORE AFFORDABLE HOUSING AVAILABLE TO MILITARY VETERANS, AND ADVOCATING FOR GOVERNMENT PROGRAMS AND LEGISLATION RELATED TO AFFORDABLE VETERANS HOUSING. IN ADDITION, THE SALEM Y VETERANS HOUSING WILL BE COORDINATING HUMAN SERVICES WITH OTHER LOCAL NONPROFIT AND GOVERNMENT AGENCIES TO SUPPORT THE VETERANS IN NEED OF SUCH SERVICES WHO LIVE IN THE APARTMENT COMPLEX.

Activities or mission (Part I)

PROVIDE HOUSING AND SERVICES FOR HOMELESS VETERANS.

  • IN 2022 THE ORGANIZATION ACQUIRED LAND AND BROKE GROUND ON THE PLANNED AFFORDABLE HOUSING PROJECT SERVING VETERANS IN SALEM, OREGON. AT THE END OF THE YEAR THE CONSTRUCTION ON THE PROJECT WAS APPROXIMATELY 40% COMPLETE.

    Expenses $315,443

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

Listed in Part VII

  • Dan Moore

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rosa Macias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Sparkman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Van Meter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Odegaard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aj Klausen

    PRESIDENT THRU NOV 22

    Total calculated
    $0
    Hours/week
    1

  • Chuck Adams

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    20

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.

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.

  • THE Y VETERANS AFFORDABLE HOUSING PROJECT LLC

    CONSTRUCTION OF AFFORDABLE HOUSING PROJECT FOR SALEM Y VETERANS HOUSING · OR · income $2,942,369 · assets $2,861,417

    Directly controlled by SALEM Y VETERANS HOUSING

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349317389

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

The source document this was parsed from is served over the API, which is where bulk and document access live.