New Roots Housing
- Assets
- $19.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, OR
- Founding
- 09/2014
- Data as of
- 12/2016
- EIN
- 45-5147652
Organization Overview
New Roots Housing is located in Albany, OR. The organization was established in 2014. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. New Roots Housing 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 12/2016, New Roots Housing generated $14.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (64.3%) each year. All expenses for the organization totaled $83.3k during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2016
Describe the Organization's Program Activity:
Part 3
THE LIHTC APPLICATION FOR 2016/17 WAS NOT SELECTED FOR FUNDING FOR THE LEBANON DEVELOPMENT PROJECT. FUTURE FUNDING FOR THIS PROJECT WILL LIKELY BE AWARDED UNDER THE LINN-BENTON HOUSING AUTHORITY AND NOT NEW ROOTS HOUSING. THE EXPENSES AND CONSTRUCTION IN PROGRESS FOR THIS DEVELOPMENT HAVE BEEN TRANSFERRED TO THE HOUSING AUTHORITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Holt Executive Director | 4 | $0 | |
Martha Lyon Treasurer | 1 | $0 | |
Steve Michaels President | 1 | $0 | |
Dick Knowles Secretary & VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $14 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $595 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $130 |
| Total expenses | $83,253 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,470 |
| Other assets | $0 |
| Total assets | $19,470 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,470 |