Columbia Valley Housing Association
- Assets
- $2.1m
- Revenue
- $90.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Wenatchee, WA
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 91-1765830
Organization Overview
Columbia Valley Housing Association is located in Wenatchee, WA. The organization was established in 1997. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbia Valley Housing Association 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, Columbia Valley Housing Association generated $90.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $56.1k during the year ending 12/2021. 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
A GRASS-ROOTS NON-PROFIT ORGANIZATION THAT ADVANCES AFFORDABLE HOMEOWNERSHIP FOR LOW-INCOME FAMILIES IN CHELAN AND DOUGLAS COUNTIES VIA DOWN-PAYMENT ASSISTANCE FOR FIRST-TIME BUYERS, FREE FINANCIAL COUNSELING AND HOMEBUYER EDUCATION, COMMUNITY LAND TRUST PROPERTIES, NEW HOME CONSTRUCTION AND LEGISLATIVE ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION OBTAINS GRANT FUNDING TO PROVIDE DOWN PAYMENT ASSISTANCE FUNDS TO QUALIFYING HOME-BUYERS. THEY ALSO USED THE GRANT FUNDING TO PURCHASE LAND THAT WILL BE USED IN A LAND TRUST PROGRAM WHERE THE ORGANIZATION WILL OWN THE LAND TO PERPETUITY THEREFORE ENSURING THE HOMES RESIDING ON THE LAND THE ORGANIZATION OWNS WILL ALWAYS BE USED FOR LOW-INCOME FAMILIES. THE ASSOCIATION IS CURRENTLY COLLECTING ON THE UNDERLYING MORTGAGES OF THE HOME SALES, & DOWN PAYMENT ASSISTANCE PROGRAMS, THE PROCEEDS OF WHICH WILL BE USED TO ENABLE THE ASSOCIATION TO BUILD FUTURE LOW INCOME HOUSING PROJECTS, PROVIDE ADDITIONAL DOWN PAYMENT ASSISTANCE TO QUALIFYING FAMILIES, OR PURCHASE ADDITIONAL LAND THROUGH THEIR LAND LEASE PROGRAM. IN ADDITION, THE ASSOCIATION IS CURRENTLY PROVIDING HOMEOWNERSHIP COUNSELING TO QUALIFIED INDIVIDUALS WHO ARE IN THE PROCESS OF PURCHASING HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherri Schneider Executive Dir. | Officer | 40 | $32,602 |
Tom Bonwell Director | Trustee | 1 | $0 |
Alicia Mcrae Director | Trustee | 1 | $0 |
Josh Mitchell Sec/treasurer | Trustee | 1 | $0 |
Teresa Zepeda-Sosa Director | Trustee | 1 | $0 |
Windy Strauss Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,582 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,082 |
| Total Program Service Revenue | $3,195 |
| Investment income | $41,688 |
| 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 | $90,315 |
| 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. | $32,602 |
| Compensation of current officers, directors, key employees. | $4,890 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,789 |
| Fees for services: Management | $2,463 |
| Fees for services: Legal | $4,416 |
| Fees for services: Accounting | $7,714 |
| 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 | $1,874 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,350 |
| 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 | $2,239 |
| All other expenses | $0 |
| Total functional expenses | $56,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $464,281 |
| 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 | $1,549,924 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $585 |
| Net Land, buildings, and equipment | $117,937 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,132,727 |
| Accounts payable and accrued expenses | $2,337 |
| 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 | $0 |
| Total liabilities | $2,337 |
| Net assets without donor restrictions | $2,130,390 |
| 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 | $2,132,727 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeast Idaho Council Of Governments Pocatello, ID | $3,930,475 | $5,896,264 |
Polk Community Development Corporation Dallas, OR | $22,075,845 | $5,307,917 |
Linn Economic Development Group Albany, OR | $31,589,789 | $17,862,142 |
Fly Sun Valley Alliance Inc Ketchum, ID | $3,221,686 | $1,660,297 |
Rainier Valley Community Development Fund Seattle, WA | $31,147,402 | $2,128,403 |
Idaho Freedom Foundation Inc Boise, ID | $1,060,200 | $895,196 |
Albina Vision Inc Portland, OR | $1,749,846 | $2,276,354 |
Malheur Watershed Council Ontario, OR | $174,381 | $754,956 |
Northwest Minority Supplier Development Council Tukwila, WA | $1,329,089 | $1,211,694 |
West Seattle Junction Association Seattle, WA | $609,509 | $675,325 |
Block By Block Redmond, WA | $616,706 | $347,970 |
Fourth Plain Forward Vancouver, WA | $259,702 | $507,488 |