Oregon First Home Coalition
- Assets
- $11.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OR
- Founding
- Data as of
- 12/2017
- EIN
- 81-5397791
Organization Overview
Oregon First Home Coalition is located in Salem, OR. Oregon First Home Coalition is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT EFFORTS TO INCREASE HOME OWNERSHIP IN OREGON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST HOME COALITION WAS ORGANIZED AND CREATED IN ORDER TO PROMOTE AND SUPPORT THE PASSING OF TWO BILLS FOR THE HOUSE AND SENATE. THESE BILLS, HB 2996 AND SB 849, WERE WRITTEN AND PROPOSED BY THE RELATED ORGANIZATION, OREGON ASSOCIATION OF REALTORS, AND PROVIDE FIRST TIME HOMEBUYERS THE OPPORTUNITY TO SAVE FOR THEIR FIRST DOWN PAYMENT IN A SPECIAL ACCOUNT. MONEY SAVED IN ONE OF THESE ACCOUNTS WOULD NOT COUNT AS OREGON STATE INCOME. NEITHER BILL WAS SUCCESSFUL IN THE 2017 SESSION, HOWEVER, THE CONCEPT WAS REINTRODUCED IN THE 2018 SESSION AS HB 4007 AND IS EXPECTED TO BE SIGNED BY THE GOVERNOR ON MAY 21ST 2018.
FIRST HOME COALITION WAS ORGANIZED AND CREATED IN ORDER TO PROMOTE AND SUPPORT THE PASSING OF TWO BILLS FOR THE HOUSE AND SENATE. THESE BILLS, HB 2996 AND SB 849, WERE WRITTEN AND PROPOSED BY THE RELATED ORGANIZATION, OREGON ASSOCIATION OF REALTORS, AND PROVIDE FIRST TIME HOMEBUYERS THE OPPORTUNITY TO SAVE FOR THEIR FIRST DOWN PAYMENT IN A SPECIAL ACCOUNT. MONEY SAVED IN ONE OF THESE ACCOUNTS WOULD NOT COUNT AS OREGON STATE INCOME. NEITHER BILL WAS SUCCESSFUL IN THE 2017 SESSION, HOWEVER, THE CONCEPT WAS REINTRODUCED IN THE 2018 SESSION AS HB 4007 AND IS EXPECTED TO BE SIGNED BY THE GOVERNOR ON MAY 21ST 2018.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Grabenhorst President | OfficerTrustee | 0.03 | $0 |
Steven Strode President-Elect | OfficerTrustee | 0.03 | $0 |
Debra Gisriel Past President | Trustee | 0.03 | $0 |
Cheryle Clunes Director | Trustee | 0.03 | $0 |
Beth Caster Director | Trustee | 0.03 | $0 |
Donna Charko Director | Trustee | 0.03 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $289,393 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $873,210 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,162,603 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,162,603 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,150,818 |
| Advertising and promotion | $0 |
| Office expenses | $20 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,150,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,609 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,609 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $11,609 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $11,609 |