Chelan Valley Housing Trust
- Assets
- $1.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Chelan, WA
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-3264156
Organization Overview
Chelan Valley Housing Trust is located in Chelan, WA. The organization was established in 2019. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Chelan Valley Housing Trust employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chelan Valley Housing Trust 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 12/2023, Chelan Valley Housing Trust generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 56.3% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 63.9% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHELAN VALLEY HOUSING TRUST'S MISSION IS TO DEVELOP STABLE AND SECURE HOUSING THAT IS AFFORDABLE TO OUR MEDIAN INCOME CHELAN VALLEY AREA RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST ACQUIRED A PARCEL OF LAND ON EAST NIXON STREET IN CHELAN FOR ITS NEXT PROJECT TO BUILD SIX SINGLE FAMILY AFFORDABLE HOMES. COSTS INCURRED TO DATE ON THIS PROJECT TOTALED $513,433.
THE TRUST PROGRESSED ITS PLANNING, DESIGN, AND ENGINEERING FOR FUTURE DEVELOPMENT OF ITS CHELAN RIVER HEIGHTS AND EMERSON HARBOUR PROJECTS. COSTS INCURRED TO DATE ON THESE PROJECT TOTALED $91,606 AND $99,451, RESPECTIVELY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jolene Baker President | OfficerTrustee | 5 | $0 |
Clint Campbell Vice President | OfficerTrustee | 5 | $0 |
Randy Atkins Treasurer | OfficerTrustee | 5 | $0 |
Arlene Abbott Secretary | OfficerTrustee | 5 | $0 |
Tim Hollingsworth Director | Trustee | 2 | $0 |
Charlie Guildner Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $104,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $375,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $480,469 |
| Total Program Service Revenue | $673,062 |
| Investment income | $2,481 |
| 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 | $1,156,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $141,951 |
| Compensation of current officers, directors, key employees. | $141,951 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,169 |
| Fees for services: Accounting | $9,992 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,921 |
| Advertising and promotion | $2,023 |
| Office expenses | $14,385 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,700 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82,883 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,520 |
| All other expenses | $0 |
| Total functional expenses | $1,088,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,853 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $1,526,070 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,687,923 |
| Accounts payable and accrued expenses | $1,785 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $722,055 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $723,840 |
| Net assets without donor restrictions | $356,718 |
| Net assets with donor restrictions | $607,365 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,687,923 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedarsinai Park Foundation Portland, OR | $11,012,609 | $1,979,937 |
Nhs Community Services Llc Boise, ID | $3,214,470 | $1,051,703 |
Chelan Valley Housing Trust Chelan, WA | $1,687,923 | $1,156,012 |
Ahsc Qalicb Portland, OR | $86,853 | $560,150 |
Tacoma Housing Development Group Tacoma, WA | $13,939,742 | $496,459 |
Terwilliger Plaza Foundation Inc Portland, OR | $7,955,592 | $640,803 |
Gateway Qalicb Inc Portland, OR | $11,094,442 | $545,813 |
Sabala International Center Tacoma, WA | $26,296 | $469,457 |
Firehouse 23 Qalicb Seattle, WA | $13,368,925 | $414,175 |
New Riley House Portland, OR | $9,432,808 | $0 |
Lighthouse Mission Ministries Foundation Bellingham, WA | $10,919,870 | $351,642 |
Rock Of Ages Endowment Inc Mcminnville, OR | $589,518 | $27,049 |
Sound Communities Bremerton, WA | $5,711 | $0 |
Affordable Housing Solutions Inc Boise, ID | $142,589 | -$1,259 |
Vashon Community Care Foundation Bellevue, WA | $0 | $0 |