Northwest Cooperative Development
- Assets
- $1.0m
- Revenue
- $1.3m
- Investments
- $10.0k
- Employees
- 11
- Location
- Olympia, WA
- Founding
- 02/1987
- Data as of
- 09/2021
- EIN
- 91-1355457
Organization Overview
Northwest Cooperative Development is located in Olympia, WA. The organization was established in 1987. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Northwest Cooperative Development employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Cooperative Development 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 09/2021, Northwest Cooperative Development generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $910.2k during the year ending 09/2021. While expenses have increased by 6.2% per year over the past 6 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
TO FOSTER COMMUNITY ECONOMIC DEVELOPMENT PRIMARILY THROUGH COOPERATLVE BUSINESS MODEL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COOPERATIVE DEVELOPMENT SUPPORT BECAUSE CO-OP'S HAVE A GREATER CHANCE OF SUCCEEDING AND CREATING ECONOMIC OPPORTUNITIES WHEN THEY HAVE ADEQUATE SUPPORT.
MANUFACTURED HOME COMMUNITY CO-OP CONVERSION PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Gasaway Executive Di | Officer | 40 | $67,500 |
Debbie Wegge Chair | OfficerTrustee | 2 | $0 |
Ralph Honghonva Vice-Chair | OfficerTrustee | 2 | $0 |
Kent Lopez Secretary | OfficerTrustee | 2 | $0 |
Martin Desmond Treasurer | OfficerTrustee | 2 | $0 |
Juan Aguilar Bod | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $524,926 |
| All other contributions, gifts, grants, and similar amounts not included above | $284,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $809,639 |
| Total Program Service Revenue | $471,708 |
| Investment income | $16,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,383 |
| 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 | $1,299,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,366 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,732 |
| Compensation of current officers, directors, key employees. | $18,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $467,365 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $96,379 |
| Payroll taxes | $43,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,073 |
| Information technology | $8,819 |
| Royalties | $0 |
| Occupancy | $31,561 |
| Travel | $34,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,367 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77 |
| Insurance | $3,275 |
| All other expenses | $25,996 |
| Total functional expenses | $910,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $655,187 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,137 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $223,661 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,441 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,045,426 |
| Accounts payable and accrued expenses | $49,172 |
| 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 | $96,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $99,069 |
| Total liabilities | $244,341 |
| Net assets without donor restrictions | $727,060 |
| Net assets with donor restrictions | $74,025 |
| 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 | $1,045,426 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Northwest Cooperative Development has recieved totaling $560,228.
| Awarding Organization | Amount |
|---|---|
Group Health Foumdaiton Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $495,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $44,939 |
Washington State Microenterprise Association Olympia, WA PURPOSE: VIDEO TRAINING | $15,000 |
Community Foundation Of South Puget Sound Olympia, WA PURPOSE: OPERATING | $5,289 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-Willamette Valley Community Action Agency Inc Salem, OR | $25,806,708 | $62,767,748 |
Coastal Villages Region Fund Anchorage, AK | $305,962,388 | $71,340,049 |
Rural Alaska Community Action Program Inc Anchorage, AK | $41,385,043 | $27,905,721 |
Human Solutions Inc Portland, OR | $41,573,265 | $24,704,381 |
Metropolitan Development Council Tacoma, WA | $25,355,306 | $24,051,543 |
Aleutian-Pribilof Islands Anchorage, AK | $38,968,570 | $29,437,372 |
Friends Of Seattle Waterfront Seattle, WA | $32,295,569 | $18,451,565 |
Yakima County Development Association Yakima, WA | $2,653,869 | $12,280,886 |
Association Of Washington Cities Olympia, WA | $23,978,792 | $13,838,038 |
Hacienda Community Development Corporation Portland, OR | $42,129,547 | $14,753,048 |
Klamath-Lake Community Action Services Klamath Falls, OR | $1,233,106 | $7,011,875 |
The Contingent Portland, OR | $16,984,824 | $8,759,620 |