Chehalem Valley Housing Corporation
- Assets
- $1.8m
- Revenue
- $103.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Mcminnville, OR
- Founding
- 01/2007
- Data as of
- 06/2022
- EIN
- 41-2201102
Organization Overview
Chehalem Valley Housing Corporation is located in Mcminnville, OR. The organization was established in 2007. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Chehalem Valley 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, Chehalem Valley Housing Corporation generated $103.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $156.8k during the year ending 06/2022. While expenses have increased by 2.7% 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 ACQUIRE AND OPERATE A 15-UNIT APARTMENT COMPLEX, SPRINGBROOK PLACE, TO PROVIDE LOW-INCOME HOUSING AND SERVICES FOR PERSONS WITH VERY LOW INCOME AND DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHEHALEM VALLEY HOUSING CORPORATION WAS FORMED TO OPERATE A 15-UNIT APARTMENT COMPLEX, SPRINGBROOK PLACE, FOR PERSONS WITH VERY LOW INCOME AND DEVELOPMENTAL DISABILITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Larsen Vice Preside | OfficerTrustee | 1 | $0 |
Dave Haugeberg President | OfficerTrustee | 1 | $0 |
Robert Laughlin Treasurer | OfficerTrustee | 1 | $0 |
Lu Ann Anderson Secretary | OfficerTrustee | 1 | $0 |
Kathy Schlotfeldt Executive Di | Officer | 2 | $0 |
Chris Browne Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,092 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,092 |
| Total Program Service Revenue | $50,660 |
| Investment income | $2 |
| 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 | $103,754 |
| 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 | $10,876 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,417 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $540 |
| Office expenses | $4,628 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,661 |
| 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 | $56,644 |
| Insurance | $0 |
| All other expenses | $50 |
| Total functional expenses | $156,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,132 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500 |
| 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 | $241 |
| Net Land, buildings, and equipment | $1,774,158 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,908 |
| Total assets | $1,830,939 |
| Accounts payable and accrued expenses | $4,390 |
| Grants payable | $0 |
| Deferred revenue | $1,329 |
| 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 | $3,906 |
| Total liabilities | $9,625 |
| Net assets without donor restrictions | -$811,968 |
| Net assets with donor restrictions | $2,633,282 |
| 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 | $1,830,939 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tahoe Donner Association Truckee, CA | $81,182,844 | $26,878,430 |
Rancho Santa Fe Association Rancho Santa Fe, CA | $72,139,334 | $26,068,938 |
Lancer Educational Housingcorporation Riverside, CA | $200,461,258 | $16,650,652 |
Rancho Mission Viejo Master Maintenance Corporation Irvine, CA | $7,819,802 | $13,243,301 |
Talega Maintenance Corporation Irvine, CA | $18,261,600 | $10,092,285 |
Sunriver Owners Association Sunriver, OR | $34,928,405 | $11,186,087 |
Aliso Viejo Community Association Aliso Viejo, CA | $20,603,634 | $8,715,124 |
Sun City Roseville Community Association Inc Roseville, CA | $48,765,899 | $12,073,404 |
Summerlin South Community Association Las Vegas, NV | $6,398,781 | $8,171,493 |
Bear Valley Springs Association Tehachapi, CA | $8,163,399 | $7,448,975 |
Hollywood Property Owners Alliance Hollywood, CA | $2,055,507 | $7,517,501 |
Tahoe Keys Property Owners Association South Lake Tahoe, CA | $11,789,657 | $8,910,347 |