North Pacific Homes Inc
- Assets
- $10.8m
- Revenue
- $2.7m
- Investments
- $10.0k
- Employees
- 40
- Location
- Gresham, OR
- Founding
- 07/1973
- Data as of
- 03/2022
- EIN
- 93-0508938
Organization Overview
North Pacific Homes Inc is located in Gresham, OR. The organization was established in 1973. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 03/2022, North Pacific Homes Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Pacific Homes Inc 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 03/2022, North Pacific Homes Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.5m during the year ending 03/2022. While expenses have increased by 5.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A COMMUNITY OF HOMES SERVING RETIREMENT AGE RESIDENTS IN A PLEASANT, CARING, CHRISTIAN ENVRIONMENT WITHIN A WELL MAINTAINED CAMPUS OF INDEPENDENT HOMES
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF APARTMENTS FOR THE ELDERLY - 126 UNITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Whitted Administrator | OfficerTrustee | 40 | $122,443 |
David Lindstrom President | OfficerTrustee | 2 | $0 |
Beth Baltz Vice Pres Sec | OfficerTrustee | 2 | $0 |
Russell Cooper Director | Trustee | 1 | $0 |
Aryless I Dixon Director | Trustee | 1 | $0 |
Paul Cole Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,677 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,677 |
| Total Program Service Revenue | $2,718,166 |
| Investment income | $4,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,380 |
| Net Gain/Loss on Asset Sales | -$6,028 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,745,999 |
| 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. | $123,970 |
| Compensation of current officers, directors, key employees. | $123,970 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $817,039 |
| Pension plan accruals and contributions | $25,623 |
| Other employee benefits | $528 |
| Payroll taxes | $76,215 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,955 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,586 |
| Office expenses | $38,895 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $418,613 |
| Travel | $6,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $390,747 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $336,952 |
| Insurance | $115,651 |
| All other expenses | $0 |
| Total functional expenses | $2,505,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $501,522 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,527 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,187 |
| Prepaid expenses and deferred charges | $172,154 |
| Net Land, buildings, and equipment | $9,592,610 |
| Investments—publicly traded securities | $468,437 |
| Investments—other securities | $10,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,764,437 |
| Accounts payable and accrued expenses | $133,586 |
| 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 | $7,440,714 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $286,810 |
| Total liabilities | $7,861,110 |
| Net assets without donor restrictions | $2,903,327 |
| 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 | $10,764,437 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that North Pacific Homes Inc has recieved totaling $61,891.
| Awarding Organization | Amount |
|---|---|
Village Foundation Inc Gresham, OR PURPOSE: ASSISTANCE IN PROVIDING A GATE FOR THE SAFETY OF THE RESIDIENTS | $37,794 |
Village Foundation Inc Gresham, OR PURPOSE: RENTAL ASSISTANCE FOR RESIDENTS OF NORTH PACIFIC HOMES RETIRMENT COMMUNITY INCLUDING COPIES AND CABLE | $12,360 |
Village Foundation Inc Gresham, OR PURPOSE: RENTAL ASSISTANCE FOR RESIDENTS | $11,737 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hollenbeck Palms Los Angeles, CA | $91,601,425 | $22,351,666 |
Foss Home & Villiage Seattle, WA | $15,479,734 | $20,550,514 |
899 Charleston Palo Alto, CA | $143,487,864 | $17,017,896 |
Bay Area Senior Services Inc San Mateo, CA | $56,248,028 | $16,762,634 |
Midpen Property Management Corporation Foster City, CA | $4,229,808 | $16,638,795 |
Casa La Merced Inc C/O Falkenberg/Gilliam & Associates Pasadena, CA | $0 | $52,026 |
Scott Street Senior Housing Complex Incorporated San Francisco, CA | $43,555,702 | $18,828,763 |
Palo Alto Senior Housing Project Inc Palo Alto, CA | $9,912,770 | $1,163,322 |
Alma Via Of San Francisco Alameda, CA | $25,364,635 | $12,193,885 |
Seascape Senior Housing Inc Walnut Creek, CA | $1,410,799 | $12,833,123 |
Meadowbrook Village Christian Retirement Community Escondido, CA | $70,664,658 | $10,740,685 |
Foundation For Affordable Housing Inc Bend, OR | $40,186,962 | $24,103,430 |