Housing Northwest Corvallis Incorporated is located in Portland, OR. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2017, Housing Northwest Corvallis Incorporated employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Northwest Corvallis Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2019, Housing Northwest Corvallis Incorporated generated $2.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.9m during the year ending 06/2019. While expenses have increased by 4.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE PREMIER PROVIDER OF AFFORDABLE STUDENT HOUSING AND SUPPORTIVE SERVICES WHICH ENHANCE STUDENT DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HOUSING AND RELATED SERVICES TO STUDENTS, FACULTY AND STAFF OF OREGON STATE UNIVERSITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jim Radar Board President | OfficerTrustee | 0 | $0 |
David Garnand Executive Director | Officer | 1 | $0 |
Charles Burck Board Secretary | Trustee | 0 | $0 |
David Schmitt Board Member | Trustee | 0 | $0 |
Tiffany Prescott Board Member | Trustee | 0 | $0 |
Patty Blanchard Board Member | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $38,897 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,754,384 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $257,054 |
Pension plan accruals and contributions | $8,104 |
Other employee benefits | $14,480 |
Payroll taxes | $23,827 |
Fees for services: Management | $777,052 |
Fees for services: Legal | $11,046 |
Fees for services: Accounting | $16,660 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $8,684 |
Office expenses | $12,298 |
Information technology | $7,027 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $738,066 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $540,647 |
Insurance | $81,019 |
All other expenses | $47,345 |
Total functional expenses | $2,949,929 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $602,109 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $36,408 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,919,015 |
Total assets | $13,396,336 |
Accounts payable and accrued expenses | $1,083,823 |
Grants payable | $0 |
Deferred revenue | $108,539 |
Tax-exempt bond liabilities | $14,744,363 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $111,400 |
Total liabilities | $16,048,125 |
Net assets without donor restrictions | -$2,651,789 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | -$2,651,789 |
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