Terwilliger Plaza Foundation Inc
- Assets
- $8.5m
- Revenue
- $861.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 01/1992
- Data as of
- 12/2021
- EIN
- 93-1062307
Organization Overview
Terwilliger Plaza Foundation Inc is located in Portland, OR. The organization was established in 1992. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terwilliger Plaza Foundation 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 12/2021, Terwilliger Plaza Foundation Inc generated $861.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $430.8k during the year ending 12/2021. While expenses have increased by 10.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT TERWILLIGER PLAZA AND ITS RESIDENTS TO ENHANCE THE QUALITY OF LIFE IN TERWILLIGER PLAZA; TO SUPPORT THE LESTA HOEL MEMORIAL TRUST FUND THAT ASSISTS RESIDENTS WHO MIGHT OTHERWISE HAVE TO LEAVE THE PLAZA DUE TO FINANCIAL HARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS MADE TO TERWILLIGER PLAZA, INC. FOR GRATITUDE PAY, CLINIC STAFFING, REMODELING, EXERCISE EQUIPMENT FOR THE WELLNESS CENTER, PROGRAM FOR LIFE ENRICHEMENT, PURCHASED SUPPLIES TO SUPPORT THE PROGRAM, EDUCATIONAL SCHOLARSHIPS, GIFT CARDS, AND ASSISTED LIVING SUPPORT.
GRANTS MADE TO THE LESTA HOEL MEMORIAL TRUST FUND TO ALLOCATE CONTRIBUTIONS COLLECTED BY THE FOUNDATION ON BEHALF OF LESTA HOEL.
DISTRIBUTIONS OF EARNINGS FROM FUNDS HELD AT OREGON COMMUNITY FOUNDATION FOR VARIOUS EXEMPT PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Dobbins President | OfficerTrustee | 1.25 | $0 |
Helen Westbrook Director/sec. | OfficerTrustee | 1 | $0 |
Phyllis Maynard Secretary/v.p. | OfficerTrustee | 1 | $0 |
Eileen Markson Vice President | OfficerTrustee | 1 | $0 |
Emily Bradford Director/treas | OfficerTrustee | 1 | $0 |
Judy O'donnell VP & CFO | Officer | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,663 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $416,793 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,456 |
| Total Program Service Revenue | $0 |
| Investment income | $75,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $318,407 |
| Net Income from Fundraising Events | -$2,409 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $861,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $313,036 |
| Grants and other assistance to domestic individuals. | $36,479 |
| 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 | $2,637 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,442 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $430,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $831,581 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $345 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,074,464 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,616,051 |
| Total assets | $8,522,441 |
| Accounts payable and accrued expenses | $0 |
| 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 | $7,146 |
| Total liabilities | $7,146 |
| Net assets without donor restrictions | $2,031,562 |
| Net assets with donor restrictions | $6,483,733 |
| 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 | $8,522,441 |
Grants Awarded
Over the last fiscal year, Terwilliger Plaza Foundation Inc has awarded $313,036 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, OR PURPOSE: MEMBER SUBSIDIES | $240,620 |
Portland, OR PURPOSE: FUNDRAISER PROCEEDS | $72,416 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Terwilliger Plaza Foundation Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Miller Foundation Inc Vesuvius, VA PURPOSE: FUND SENIOR FACILITY IMPROVEMENTS | $500 |
Endowment Analysis
| Beg. Balance | $4,600,487 |
| Earnings | $1,047,018 |
| Admin Expense | $32,573 |
| Net Contributions | $1,499 |
| Grants | $170,524 |
| Ending Balance | $5,445,907 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quality Development And Construction Inc Irvine, CA | $24,286,567 | $62,299,106 |
The Jewish Home And Senior Living Foundation San Francisco, CA | $68,076,852 | $10,222,778 |
Destination Home Sv Mountain View, CA | $71,636,859 | $46,349,546 |
Montecedro Inc Monrovia, CA | $191,107,434 | $25,965,819 |
Irvine Campus Housing Authority Irvine, CA | $90,291,490 | $26,674,526 |
Jewish Senior Living Group San Francisco, CA | $2,756,319 | $9,175,842 |
Mmm East Inc San Francisco, CA | $118,949,023 | $7,931,673 |
Covia Foundation Glendale, CA | $0 | $7,791,148 |
Housing Promise Corporation Los Angeles, CA | $717,273 | $717,273 |
Claremont Investment Management Company Claremont, CA | $1,000 | $4,500,473 |
Bridge Community Impact San Francisco, CA | $8,316,284 | $4,579,229 |
Cedarsinai Park Foundation Portland, OR | $11,831,059 | $2,143,357 |