Columbia Cascade Housing Corporation
- Assets
- $26.5m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- The Dalles, OR
- Founding
- 05/1995
- Data as of
- 06/2022
- EIN
- 94-3111736
Organization Overview
Columbia Cascade Housing Corporation is located in The Dalles, OR. The organization was established in 1995. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Columbia Cascade Housing Corporation 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 06/2022, Columbia Cascade Housing Corporation generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $4.3m during the year ending 06/2022. 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
DEVELOP AND OPERATE DECENT AFFORDABLE LOW INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND OPERATION OF LOW INCOME HOUSING FOR LOW INCOME RURAL FAMILIES, SENIOR CITIZENS, AND MENTALLY OR EMOTIONALLY DISABLED. PROVIDING A TOTAL OF 387 UNITS HOUSING FOR THESE INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Clements President | OfficerTrustee | 1 | $0 |
David Sauter Vice Preside | OfficerTrustee | 1 | $0 |
Jamie Tolfree Treasurer/se | OfficerTrustee | 1 | $0 |
Paul Blackburn Director | Trustee | 1 | $0 |
Randy Holstrom Director | Trustee | 1 | $0 |
Scott Mckay 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 | $484,106 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $484,106 |
| Total Program Service Revenue | $3,465,209 |
| Investment income | $28,546 |
| 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 | $3,977,861 |
| 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. | $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 | $227,182 |
| Fees for services: Legal | $5,297 |
| Fees for services: Accounting | $42,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,436 |
| 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 | $151,271 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $540,524 |
| Insurance | $120,491 |
| All other expenses | $567,606 |
| Total functional expenses | $4,269,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,471,222 |
| Savings and temporary cash investments | $319,451 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $202,056 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,744,347 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $76,614 |
| Net Land, buildings, and equipment | $19,055,057 |
| Investments—publicly traded securities | $206,947 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,469,765 |
| Total assets | $26,545,459 |
| Accounts payable and accrued expenses | $590,540 |
| Grants payable | $155,735 |
| 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 | $8,627,082 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $160,142 |
| Total liabilities | $9,533,499 |
| Net assets without donor restrictions | $9,299,047 |
| Net assets with donor restrictions | $7,712,913 |
| 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 | $26,545,459 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Columbia Cascade Housing Corporation has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Oregon Corporation For Affordable Housing Chicago, IL PURPOSE: SUPPORT RESIDENTS OF AFFORDABLE HOUSING PROJECT PARTNERSHIPS DURING COVID-19 PANDEMIC | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |
La Cooperativa Campesina De California Sacramento, CA | $2,765,549 | $15,334,359 |
Peoples Self-Help Housing Corporation San Luis Obispo, CA | $133,211,546 | $24,033,272 |
Eden Housing Management Inc Hayward, CA | $4,182,332 | $13,392,435 |
Southern California Housing Development Corporation Of Rancho Cucamonga, CA | $47,199,427 | $11,969,013 |
Mission Housing Development Corp San Francisco, CA | $63,790,844 | $19,251,297 |
Santa Barbara Affordable Housing Group Santa Barbara, CA | $111,093,068 | $10,555,389 |
Wakeland Housing And Development Corporation San Diego, CA | $68,610,015 | $24,988,463 |
Kaweah Management Company Visalia, CA | $89,940,808 | $9,935,142 |