Housing Northwest Corvallis Incorporated
- Assets
- $13.4m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Portland, OR
- Founding
- 02/2017
- Data as of
- 06/2019
- EIN
- 81-4219378
Organization Overview
Housing Northwest Corvallis Incorporated is located in Portland, OR. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2017, Housing Northwest Corvallis Incorporated employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Northwest Corvallis Incorporated 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 06/2019, Housing Northwest Corvallis Incorporated generated $2.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.9m during the year ending 06/2019. While expenses have increased by 4.4% per year over the past 4 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE PREMIER PROVIDER OF AFFORDABLE STUDENT HOUSING AND SUPPORTIVE SERVICES WHICH ENHANCE STUDENT DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HOUSING AND RELATED SERVICES TO STUDENTS, FACULTY AND STAFF OF OREGON STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Radar Board President | OfficerTrustee | 0 | $0 |
David Garnand Executive Director | Officer | 1 | $0 |
Bill Mccrae Treasurer | Trustee | 0 | $0 |
Charles Burck Board Secretary | Trustee | 0 | $0 |
David Schmitt Board Member | Trustee | 0 | $0 |
Tiffany Prescott Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $38,897 |
| 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 | $2,754,384 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $257,054 |
| Pension plan accruals and contributions | $8,104 |
| Other employee benefits | $14,480 |
| Payroll taxes | $23,827 |
| Fees for services: Management | $777,052 |
| Fees for services: Legal | $11,046 |
| Fees for services: Accounting | $16,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,684 |
| Office expenses | $12,298 |
| Information technology | $7,027 |
| 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 | $738,066 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $540,647 |
| Insurance | $81,019 |
| All other expenses | $47,345 |
| Total functional expenses | $2,949,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $602,109 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,408 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,919,015 |
| Total assets | $13,396,336 |
| Accounts payable and accrued expenses | $1,083,823 |
| Grants payable | $0 |
| Deferred revenue | $108,539 |
| Tax-exempt bond liabilities | $14,744,363 |
| 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 | $111,400 |
| Total liabilities | $16,048,125 |
| Net assets without donor restrictions | -$2,651,789 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$2,651,789 |
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