Civic Intelligence

Corvallis Homeless Shelter Coalition

EIN 26-0694904 • 501(c)3 • Corvallis, OR

Profile

The corvallis homeless shelter coalition shall work to provide services to homeless persons who are not being served by other affordable housing and shelter organizations

316 SW Washington AvenueCorvallis, OR 97333
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.14x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

75th percentile

0.50x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

77th percentile

25%

Higher net margin than 77% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

34th percentile

$90,595

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

57th percentile

6.5%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

26%

Faster revenue growth than 73% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,447,213

Up $393,892 (+6.5%) from 2023

Liabilities

Down

$873,160

Down $48,267 (-5.2%) from 2023

Net Assets

Up

$5,574,053

Up $442,159 (+8.6%) from 2023

Revenue

Up

$1,759,904

Up $359,640 (+26%) from 2023

Expenses

Up

$1,317,740

Up $17,814 (+1.4%) from 2023

Net Income

Up

$442,164

Up $341,826 (+341%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $859,777Liabilities 2012: $11,159Net Assets 2012: $848,6182012Assets 2013: $861,937Liabilities 2013: $12,571Net Assets 2013: $849,3662013Assets 2014: $1,148,741Liabilities 2014: $333,859Net Assets 2014: $814,8822014Assets 2015: $1,069,105Liabilities 2015: $332,163Net Assets 2015: $736,9422015Assets 2016: $1,299,615Liabilities 2016: $551,047Net Assets 2016: $748,5682016Assets 2017: $2,324,447Liabilities 2017: $1,230,581Net Assets 2017: $1,093,8662017Assets 2018: $2,207,336Liabilities 2018: $1,183,647Net Assets 2018: $1,023,6892018Assets 2019: $1,717,458Liabilities 2019: $654,179Net Assets 2019: $1,063,2792019Assets 2020: $2,222,383Liabilities 2020: $709,650Net Assets 2020: $1,512,7332020Assets 2021: $4,607,330Liabilities 2021: $650,206Net Assets 2021: $3,957,1242021Assets 2022: $5,760,763Liabilities 2022: $785,742Net Assets 2022: $4,975,0212022Assets 2023: $6,053,321Liabilities 2023: $921,427Net Assets 2023: $5,131,8942023Assets 2024: $6,447,213Liabilities 2024: $873,160Net Assets 2024: $5,574,0532024

Highlighted filing

2024

Assets$6,447,213
Liabilities$873,160
Net Assets$5,574,053

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $223,7512012Expenses 2013: $245,6152013Revenue 2014: $228,170Expenses 2014: $287,085Net Income 2014: -$58,9152014Revenue 2015: $198,979Expenses 2015: $276,919Net Income 2015: -$77,9402015Revenue 2016: $216,976Expenses 2016: $205,350Net Income 2016: $11,6262016Revenue 2017: $638,973Expenses 2017: $293,671Net Income 2017: $345,3022017Revenue 2018: $297,860Expenses 2018: $379,691Net Income 2018: -$81,8312018Revenue 2019: $456,226Expenses 2019: $351,855Net Income 2019: $104,3712019Revenue 2020: $916,125Expenses 2020: $481,171Net Income 2020: $434,9542020Revenue 2021: $3,243,300Expenses 2021: $830,561Net Income 2021: $2,412,7392021Revenue 2022: $2,047,688Expenses 2022: $1,028,267Net Income 2022: $1,019,4212022Revenue 2023: $1,400,264Expenses 2023: $1,299,926Net Income 2023: $100,3382023Revenue 2024: $1,759,904Expenses 2024: $1,317,740Net Income 2024: $442,1642024

Highlighted filing

2024

Revenue$1,759,904
Expenses$1,317,740
Net Income$442,164

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.45$0.87$5.57$1.76$1.32$0.44
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.05$0.92$5.13$1.40$1.30$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.76$0.79$4.98$2.05$1.03$1.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.61$0.65$3.96$3.24$0.83$2.41
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$0.71$1.51$0.92$0.48$0.43
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.65$1.06$0.46$0.35$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$1.18$1.02$0.30$0.38$0.08
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$1.23$1.09$0.64$0.29$0.35
2016Detailed filing. Detailed filing data is available for this year.$1.30$0.55$0.75$0.22$0.21$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.07$0.33$0.74$0.20$0.28$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.15$0.33$0.81$0.23$0.29$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.01$0.85$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.01$0.85$0.22
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 20, 2023
Return Version
2021v4.2
Gross Receipts
$2,059,833
Mission and Program Overview

Mission

The corvallis homeless shelter coalition shall work to provide services to homeless persons who are not being served by other affordable housing and shelter organizations

To provide solutions for ending homelessness and achieving self-sufficiency

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,193,614$5,306,488▲ $1,112,874
Cash and Non-Interest-Bearing Accounts$252,324$336,529▲ $84,205
Accounts Receivable$156,592$112,327▼ $44,265
Savings and Temporary Cash Investments$2,860$5,044▲ $2,184
Other Notes and Loans Receivable, Net$1,940$375▼ $1,565
Total Assets$4,607,330$5,760,763▲ $1,153,433
Liabilities
Mortgage Notes Payable Secured by Investment Property$583,593$566,146▼ $17,447
Accounts Payable and Accrued Expenses$66,613$121,241▲ $54,628
Grants Payable-$92,855-
Other Liabilities-$5,500-
Total Liabilities$650,206$785,742▲ $135,536
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,957,124$4,892,364▲ $935,240
Net Assets With Donor Restrictions-$82,657-
Total Net Assets Fund Balance$3,957,124$4,975,021▲ $1,017,897
Total Liabilities and Net Assets / Fund Balance$4,607,330$5,760,763▲ $1,153,433

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,994,262$436,942$3,431,204
Land$2,312,226-$2,312,226
Leasehold Improvements-$46,429$46,429
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrea MyhreExecutive DirectorFT$70,752$70,752

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Na---
Revenue and Support

Revenue Composition

Contributions and Grants
$1,789,994
Program Service Revenue
$0
Investment Income
$114
Other Revenue
$257,580
All Other Contributions
$527,705
Change in Net Assets
$1,019,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$514,962
Other Expenses$512,738
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$356,891--$356,891
Occupancy$177,956--$177,956
Depreciation Depletion$158,207--$158,207
Current Officers, Directors, Trustees, and Key Employees$36,721$36,721-$73,442
Other Employee Benefits$43,500--$43,500
Payroll Taxes$41,129--$41,129
Insurance$28,904--$28,904
Interest$25,908--$25,908
Fees for Services Accounting$15,811--$15,811
Office Expenses$12,625--$12,625
All Other Expenses$7,111--$7,111
Travel$3,008--$3,008
Fees for Services Legal$1,973--$1,973
Other Expenses$1,008--$1,008
Benefits to Members$567--$567
Conferences and Meetings$245--$245
Total Functional Expenses$991,546$36,721$0$1,028,267
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$19,895
Fundraising Direct Expenses$12,145
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Virtual Breakfast$19,895$19,895$12,145$7,750
Total Events$19,895$19,895$12,145$7,750
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$5,500
Security Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 4

UPDATED BYLAWS ATTACHED

Filing and Contact Details

Filer

Filer Name
Corvallis Homeless Shelter Coalition
EIN
26-0694904
Phone
5417578901
Address
316 SW WASHINGTON AVENUE, CORVALLIS, OR 97333
Doing Business As
Corvallis Housing First

Signing Officer

Name
Melissa Carter-goodrum
Title
President
Phone
5417578901
Signed
2023-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Carter-goodrum
Formed
2008
Legal Domicile
Or
Voting Board Members
9
Independent Board Members
9
Employees
20

Preparer

Firm
A & S Accounting
Address
316 SW Washington Ave, Corvallis, OR 97333
Preparer
Madeline Seim 1922429C
Phone
5417571945
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 8

ROUNDING ADJUSTMENT

Raw XML AppendixShowing 400 of 428 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0TO PROVIDE SOLUTIONS FOR ENDING HOMELESSNESS AND ACHIEVING SELF-SUFFICIENCY
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IRS990/DepreciationDepletionGrp/ProgramServicesAmt0158207
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IRS990/Desc0CHF provides permanent and transitional housing for people who have experienced homelessness at four properties including Van Buren House, Partners Place, DeDes Home, and Third Street Commons, for a total of sixty eight bed units. Residents pay rent based on their income, rent does not exceed 30 percent of income levels. Last fiscal year we served 41 people in housing.
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt043500
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IRS990/OtherExpensesGrp/Desc0CLIENT ASSISTANCE
IRS990/OtherExpensesGrp/Desc1FEES LICENSES
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IRS990/PrincipalOfficerNm0MELISSA CARTER-GOODRUM
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROUNDING ADJUSTMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPDATED BYLAWS ATTACHED
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IRS990/TravelGrp/ProgramServicesAmt03008
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IRS990/TypeOfOrganizationCorpInd0X
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-03-07 01:45:13Z
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