Corvallis Neighborhood Housing Services Inc
- Assets
- $56.5m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 85
- Location
- Springfield, OR
- Founding
- 06/1996
- Data as of
- 12/2022
- EIN
- 93-1057296
Organization Overview
Corvallis Neighborhood Housing Services Inc, operating under the name Devnw, is located in Springfield, OR. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Devnw employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Devnw 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, Devnw generated $11.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $9.6m during the year ending 12/2022. While expenses have increased by 17.5% per year over the past 8 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.
Since 2019, Devnw has awarded 45 individual grants totaling $736,187. 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
DEVNW'S MISSION IS TO CREATE THRIVING, INCLUSIVE AND HEALTHY COMMUNITIES THROUGH AFFORDABLE HOUSING, FINANCIAL/ECONOMIC OPPORTUNITY, SMALL BUSINESS DEVELOPMENT AND POLICY CHANGE IN LANE, BENTON, LINN, POLK , LINCOLN, MARION, GRANT AND CLACKAMAS COUNTIES IN OREGON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION, THROUGH GOVERNMENT GRANTS, PUBLIC SUPPORT, AND RENTAL INCOME, SUPPORTS THRIVING, INCLUSIVE AND HEALTHY COMMUNITIES THROUGH RENOVATION AND CONSTRUCTION OF AFFORDABLE HOUSING, FINANCIAL/ECONOMIC PROGRAMS, AND POLICY CHANGE FOR FAMILIES AND INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Reiman CEO | Officer | 46 | $129,443 |
Erin Dey Director Of | 50 | $109,039 | |
Corinne Carmody-Riley CFO | Officer | 44 | $104,493 |
Miguel Arellano President | OfficerTrustee | 1 | $0 |
Chrystal Shearer Secretary | OfficerTrustee | 1 | $0 |
Matthew Bromley Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gerding Builders Construction | 12/30/16 | $1,780,497 |
Bergsund Delaney Architecture Plan Architecture | 12/30/16 | $180,744 |
Joy Construction Construction | 12/30/16 | $223,480 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,034,620 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,297,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,331,648 |
| Total Program Service Revenue | $2,630,960 |
| Investment income | $279,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,211,648 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $403,223 |
| Grants and other assistance to domestic individuals. | $2,348,761 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $262,287 |
| Compensation of current officers, directors, key employees. | $203,142 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,146,537 |
| Pension plan accruals and contributions | $98,136 |
| Other employee benefits | $362,628 |
| Payroll taxes | $331,292 |
| Fees for services: Management | $131,354 |
| Fees for services: Legal | $14,630 |
| Fees for services: Accounting | $119,811 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $168,117 |
| Advertising and promotion | $12,822 |
| Office expenses | $153,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $467,070 |
| Travel | $15,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,785 |
| Interest | $165,975 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $526,817 |
| Insurance | $153,033 |
| All other expenses | $0 |
| Total functional expenses | $9,630,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,899,071 |
| Savings and temporary cash investments | $4,938,550 |
| Pledges and grants receivable | $1,380,377 |
| Accounts receivable, net | $97,855 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,271,916 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $281,476 |
| Net Land, buildings, and equipment | $24,574,609 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,027,744 |
| Intangible assets | $0 |
| Other assets | $7,997,290 |
| Total assets | $56,468,888 |
| Accounts payable and accrued expenses | $783,617 |
| Grants payable | $0 |
| Deferred revenue | $1,755,000 |
| 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 | $11,751,414 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $992,842 |
| Total liabilities | $15,282,873 |
| Net assets without donor restrictions | $26,707,176 |
| Net assets with donor restrictions | $14,478,839 |
| 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 | $56,468,888 |
Grants Awarded
Over the last fiscal year, Corvallis Neighborhood Housing Services Inc has awarded $383,223 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS PURPOSE: PASS-THROUGH | $13,500 |
CASCADE PACIFIC RC&D INC PURPOSE: PASS-THROUGH | $24,019 |
CORVALLIS DAYTIME DROP IN CENTER PURPOSE: PASS-THROUGH | $12,000 |
COMMUNITY OUTREACH INC PURPOSE: PASS-THROUGH | $6,500 |
CORVALLIS MULTICULTURAL LITERACYCENTER PURPOSE: PASS-THROUGH | $18,500 |
ECUMENICAL MINISTRIES OF OREGON PURPOSE: PASS-THROUGH | $73,019 |