Northwest Coastal Housing
- Assets
- $11.0m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Newport, OR
- Founding
- 01/1997
- Data as of
- 12/2021
- EIN
- 94-3141603
Organization Overview
Northwest Coastal Housing, operating under the name Community Development Corp Of Lc, is located in Newport, OR. The organization was established in 1997. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Community Development Corp Of Lc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Development Corp Of Lc 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, Community Development Corp Of Lc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 8.9% 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 PRESERVE, CONSTRUCT, AND REHABILITATE HOUSING UNITS IN LINCOLN COUNTY, OREGON TO PROVIDE RENTAL AND HOME OWNERSHIP OPPORTUNITIES FOR THOSE WHO CAN NOT AFFORD MARKET RATE HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING PROGRAM PRESERVES, CONSTRUCTS AND REHABILITATES HOUSING UNITS IN LINCOLN COUNTY, OREGON TO PROVIDE RENTAL AND HOME OWNERSHIP OPPORTUNITIES FOR THOSE WHO CANNOT AFFORD MARKET RATE HOUSING. NWCH ADVOCATES FOR, DEVELOPS AND MANAGES SAFE, DECENT SHELTER FOR LOW-INCOME FAMILIES, INDIVIDUALS RECOVERING FROM MENTAL ILLNESS AND DRUG OR ALCOHOL ADDICTIONS, VETERANS, AND SUPPORTED HOUSING FOR DEVELOPMENTALLY DISABLED PEOPLE. NWCH ALSO PROVIDES RESIDENT SERVICES INCLUDING HEALTH AND NUTRITION WORKSHOPS, COMMUNITY GARDENS, KID'S CLUB, SOCIAL ACTIVITIES AND REFERRALS, CONFLICT RESOLUTION SERVICES, PLUS FIRST-TIME HOMEBUYER CLASSES, AND FINANCIAL FITNESS EDUCATION. YAQUINA BREEZE APARTMENTS IN NEWPORT, OREGON OFFER 9 UNITS OF SUPPORTIVE HOUSING FOR PERSONS WITH MENTAL HEALTH ISSUES INCLUDING PTSD DISABILITIES AND DRUG/ALCOHOL ADDICTIONS, EARNING LESS THAN 50% OF AREA FAMILY ADJUSTED GROSS INCOME. RESIDENT SERVICES ARE PROVIDED BY LINCOLN COUNTY HEALTH AND HUMAN SERVICES DEPARTMENT. GOLDEN EAGLE II IN TILLAMOOK OREGON OFFERS 32 APARTMENTS FOR SENIORS AND LOW-INCOME INDIVIDUALS AND FAMILIES AND WAS ACQUIRED IN 2021. COASTAL PHOENIX RISING IN LINCOLN CITY OREGON OFFERS 38 UNITS TO HOMEOWNERS DISPLACED DUE TO UNFORESEEN EVENTS SUCH AS WILDFIRES AS WELL AS THOSE IN NEED OF SHELTER AND/OR REFERRED BY AREA AGENCIES. THIS FORMER HOTEL WAS ACQUIRED IN 2021 AND IS NOW USED AS A SHELTER.
SPYGLASS RIDGE LP IS A PARTNERSHIP FORMED TO ACQUIRE, REHABILITATE, AND OPERATE AN 80 UNIT APARTMENT COMPLEX KNOWN AS SPYGLASS RIDGE APARTMENTS (THE RIDGE) LOCATED IN LINCOLN CITY, OREGON. THE RIDGE RENTS ALL OF ITS UNITS TO LOW-INCOME INDIVIDUALS AND FAMILIES AND IS OPERATED IN A MANNER NECESSARY TO QUALIFY FOR LOW-INCOME HOUSING TAX CREDITS AS PROVIDED UNDER SECTION 42 OF THE INTERNAL REVENUE CODE. THE RIDGE SHALL CONTINUE IN PERPETUITY AND IS SUBJECT TO U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROVISIONS, LAWS AND REGULATIONS FOR THE TERM OF ITS HUD INSURED LOAN. AS NOTED ABOVE, THE RIDGE PROVIDES 80 UNITS OF AFFORDABLE FAMILY HOUSING WITH 72 UNITS AT 60%, 6 UNITS AT 50% OR LESS OF THE AREA FAMILY ADJUSTED MEDIAN GROSS INCOME. NWCH OFFERS RESIDENT SERVICES AT THE RIDGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Stiley Executive Di | Officer | 40 | $63,772 |
Trevor Brittsan President | OfficerTrustee | 6 | $0 |
Michael Smith Treasurer | OfficerTrustee | 5 | $0 |
Sandy Battles Secretary | OfficerTrustee | 4 | $0 |
Raymond Erickson-King Director | Trustee | 2 | $0 |
Rosa Coppola Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,853,078 |
| All other contributions, gifts, grants, and similar amounts not included above | $424,562 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,277,640 |
| Total Program Service Revenue | $874,048 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $134,334 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,290,646 |
| 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. | $63,772 |
| Compensation of current officers, directors, key employees. | $31,886 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,295 |
| Payroll taxes | $36,300 |
| Fees for services: Management | $36,151 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,543 |
| Advertising and promotion | $0 |
| Office expenses | $74,067 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $374,276 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,425 |
| Interest | $95,154 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $343,334 |
| Insurance | $45,233 |
| All other expenses | $10,892 |
| Total functional expenses | $1,669,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,032 |
| Savings and temporary cash investments | $200,525 |
| Pledges and grants receivable | $1,220,867 |
| Accounts receivable, net | $33,899 |
| 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 | $19,620 |
| Net Land, buildings, and equipment | $8,836,709 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $118,000 |
| Total assets | $10,952,652 |
| Accounts payable and accrued expenses | $204,994 |
| Grants payable | $0 |
| Deferred revenue | $1,175,874 |
| 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 | $4,518,420 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $111,117 |
| Total liabilities | $6,010,405 |
| Net assets without donor restrictions | $4,782,257 |
| Net assets with donor restrictions | $159,990 |
| 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 | $10,952,652 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Northwest Coastal Housing has recieved totaling $3,475,316.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: Housing | $3,425,300 |
Samaritan Pacific Health Services Inc Newport, OR PURPOSE: PROVIDE HOUSING TO PERSONS WHO HAVE TEMPORARILY LOST THE ABILITY TO BE HOUSED | $25,000 |
Samaritan North Lincoln Hospital Lincoln City, OR PURPOSE: PROVIDE HOUSING TO PERSONS WHO HAVE TEMPORARILY LOST THE ABILITY TO BE HOUSED | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles Apartments Housing Corporation Hayward, CA | $0 | $319,066 |
Satellite Affordable Housing Associates Berkeley, CA | $83,294,736 | $13,591,508 |
Rhf Foundation Long Beach, CA | $215,917,223 | $14,903,975 |
Sheltercare Eugene, OR | $4,357,138 | $9,135,740 |
Midpen Resident Services Corporation Foster City, CA | $3,702,334 | $11,407,168 |
Bridge Property Management Company San Francisco, CA | $1,233,636 | $9,360,308 |
Burbank Housing Corporation Burbank, CA | $47,643,861 | $6,370,585 |
Habitat For Humanity San Fernando/Santa Clarita Valleys Woodland Hills, CA | $1 | $4,168,206 |
Do Good Multnomah Portland, OR | $6,858,210 | $9,987,432 |
Satellite Aha Development Inc Berkeley, CA | $17,466,494 | $5,909,155 |
Housing Trust Silicon Valley San Jose, CA | $250,989,111 | $21,448,557 |
Western Community Housing Inc Costa Mesa, CA | $106,078,970 | $11,023,596 |