Chelan Valley Housing Trust
- Assets
- $943.3k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Chelan, WA
- Founding
- 07/2019
- Data as of
- 12/2021
- 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 12/2021, Chelan Valley Housing Trust employed 4 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 12/2021, Chelan Valley Housing Trust generated $1.3m in total revenue. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 123.4% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHELAN VALLEY HOUSING TRUSTS MISSION IS TO DEVELOP STABLE AND SECURE HOUSING THAT IS AFFORDABLE TO OUR MANSON AND CHELAN AREA RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE BUILT 5 AFFORDABLE HOMES TO MODERATE INCOME FAMILIES AND CLOSED ON ALL 5
WORKED WITH LOCAL BANKS TO DEVELOP PRODUCTS FOR OUR MODERATE INCOME BUYERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clint Campbell Vice President | Officer | 10 | $0 |
Maggie Palumbo President | Officer | 10 | $0 |
Arlene Abbott Secretary | Officer | 5 | $0 |
Randy Atkins Treasurer | Officer | 5 | $0 |
Diane Leigh Director | Trustee | 2 | $0 |
Servando Robledo Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,167 |
| Total Program Service Revenue | $1,004,578 |
| Investment income | $0 |
| 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 | $1,284,745 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,705 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $113 |
| Fees for services: Accounting | $6,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,797 |
| Advertising and promotion | $2,012 |
| Office expenses | $8,101 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,435 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,600 |
| Insurance | $5,718 |
| All other expenses | $0 |
| Total functional expenses | $1,025,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,239 |
| 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 | $725,072 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $943,311 |
| Accounts payable and accrued expenses | $0 |
| 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 | $209,170 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33 |
| Total liabilities | $209,203 |
| Net assets without donor restrictions | $218,161 |
| Net assets with donor restrictions | $515,947 |
| 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 | $943,311 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Chelan Valley Housing Trust has recieved totaling $28,192.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: HOUSING IN CHELAN | | $10,000 |
Lake Chelan Chamber Of Commerce Chelan, WA | | $10,000 |
Community Foundation Of North Central Washington Wenatchee, WA PURPOSE: VARIOUS PURPOSES AS APPROVED BY CFNCW BOARD | $8,192 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedarsinai Park Foundation Portland, OR | $11,831,059 | $2,143,357 |
Lighthouse Mission Ministries Foundation Bellingham, WA | $10,813,523 | $868,092 |
Nhs Community Services Llc Boise, ID | $2,590,667 | $1,243,874 |
Chelan Valley Housing Trust Chelan, WA | $943,311 | $1,284,745 |
Ahsc Qalicb Portland, OR | $14,353,857 | $611,073 |
Gateway Qalicb Inc Portland, OR | $10,874,469 | $662,931 |
Tacoma Housing Development Group Tacoma, WA | $14,787,652 | $489,136 |
Terwilliger Plaza Foundation Inc Portland, OR | $8,522,441 | $861,085 |
Sabala International Center Tacoma, WA | $19,322 | $359,125 |
New Riley House Portland, OR | $9,889,916 | $1,500 |
Ansil A New Start In Life Kennewick, WA | $4,812 | $0 |
Rock Of Ages Endowment Inc Mcminnville, OR | $543,757 | $30,772 |