Oregon Association Of Realtors Home Foundation
- Assets
- $419.7k
- Revenue
- $202.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OR
- Founding
- 09/2004
- Data as of
- 12/2022
- EIN
- 84-1641552
Organization Overview
Oregon Association Of Realtors Home Foundation is located in Salem, OR. The organization was established in 2004. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon Association Of Realtors Home Foundation 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 12/2022, Oregon Association Of Realtors Home Foundation generated $202.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $133.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Oregon Association Of Realtors Home Foundation has awarded 158 individual grants totaling $1,032,536. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL RESOURCES TO CREATE & ENCOURAGE HOME OWNERSHIP OPPORTUNITIES FOR OREGONIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Faria President | OfficerTrustee | 1 | $0 |
Sybil Fontaine Director | Trustee | 1 | $0 |
Jillyan Rogers Director | Trustee | 1 | $0 |
David Hemenway Director | Trustee | 1 | $0 |
Heidi Hazel Director | Trustee | 1 | $0 |
Joseph Jody Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $75,000 |
| Related organizations | $50,330 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,585 |
| Total Program Service Revenue | $0 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,929 |
| Net Income from Gaming Activities | $7,746 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $202,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $126,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,132 |
| Advertising and promotion | $0 |
| Office expenses | $350 |
| Information technology | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $133,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,610 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,980 |
| 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 | $3,006 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,125 |
| Total assets | $419,721 |
| Accounts payable and accrued expenses | $19,076 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,486 |
| Total liabilities | $25,562 |
| Net assets without donor restrictions | $394,159 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $419,721 |
Grants Awarded
Over the last fiscal year, Oregon Association Of Realtors Home Foundation has awarded $126,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN AMERICAN ALLIANCE FOR HOMEOWNERSHIP PURPOSE: CHARITABLE | $3,000 |
BEND-REDMOND HABITAT FOR HUMANITY PURPOSE: CHARITABLE | $5,000 |
COLUMBIA CASCADE HOUSING CORP PURPOSE: CHARITABLE | $4,000 |
COLUMBIA COUNTY HABITAT FOR HUMANITY PURPOSE: CHARITABLE | $5,000 |
COMMUNITY ACTION TEAM - LEND-A-HAND PROGRAM PURPOSE: CHARITABLE | $3,000 |
COMMUNITY ENERGY PROJECT PURPOSE: CHARITABLE | $3,000 |