Civic Intelligence

Preserve Spencer House Inc

EIN 31-1501719 • 501(c)3 • Tigard, OR

Profile

To provide affordable housing for low-income individuals.

PO Box 23206Tigard, OR 97281

n/A

Siviq Scores

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

Liabilities / Assets

80th percentile

0.42x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

3.00x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

18th percentile

-14%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

28th percentile

-2.8%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2024

Revenue Growth

46th percentile

5.0%

Faster revenue growth than 46% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2024

Assets

Down

$4,078,231

Down $92,247 (-2.2%) from 2023

Liabilities

Down

$1,732,169

Down $9,237 (-0.5%) from 2023

Net Assets

Down

$2,346,062

Down $83,010 (-3.4%) from 2023

Revenue

Up

$577,128

Up $83,834 (+17%) from 2023

Expenses

Up

$660,138

Up $73,981 (+13%) from 2023

Net Income

Up

-$83,010

Up $9,853 (+11%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2015: $5,416,268Liabilities 2015: $2,063,125Net Assets 2015: $3,353,1432015Assets 2016: $5,247,438Liabilities 2016: $2,031,234Net Assets 2016: $3,216,2042016Assets 2017: $5,096,088Liabilities 2017: $2,010,627Net Assets 2017: $3,085,4612017Assets 2018: $5,034,162Liabilities 2018: $2,032,247Net Assets 2018: $3,001,9152018Assets 2019: $4,693,892Liabilities 2019: $1,815,122Net Assets 2019: $2,878,7702019Assets 2020: $4,586,764Liabilities 2020: $1,812,699Net Assets 2020: $2,774,0652020Assets 2021: $4,438,926Liabilities 2021: $1,780,308Net Assets 2021: $2,658,6182021Assets 2022: $4,276,749Liabilities 2022: $1,754,814Net Assets 2022: $2,521,9352022Assets 2023: $4,170,478Liabilities 2023: $1,741,406Net Assets 2023: $2,429,0722023Assets 2024: $4,078,231Liabilities 2024: $1,732,169Net Assets 2024: $2,346,0622024

Highlighted filing

2024

Assets$4,078,231
Liabilities$1,732,169
Net Assets$2,346,062

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $401,978Expenses 2015: $494,793Net Income 2015: -$92,8152015Revenue 2016: $379,818Expenses 2016: $516,757Net Income 2016: -$136,9392016Revenue 2017: $392,278Expenses 2017: $523,021Net Income 2017: -$130,7432017Revenue 2018: $422,663Expenses 2018: $506,209Net Income 2018: -$83,5462018Revenue 2019: $438,703Expenses 2019: $561,848Net Income 2019: -$123,1452019Revenue 2020: $460,953Expenses 2020: $556,058Net Income 2020: -$95,1052020Revenue 2021: $498,564Expenses 2021: $566,011Net Income 2021: -$67,4472021Revenue 2022: $473,549Expenses 2022: $610,232Net Income 2022: -$136,6832022Revenue 2023: $493,294Expenses 2023: $586,157Net Income 2023: -$92,8632023Revenue 2024: $577,128Expenses 2024: $660,138Net Income 2024: -$83,0102024

Highlighted filing

2024

Revenue$577,128
Expenses$660,138
Net Income-$83,010

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$577,128
Mission and Program Overview

Mission

To provide affordable housing for low-income individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,855,882$3,737,480▼ $118,402
Accounts Receivable$7,754$27,415▲ $19,661
Cash and Non-Interest-Bearing Accounts$9,832$24,369▲ $14,537
Prepaid Expenses and Deferred Charges$2,394$1,397▼ $997
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,170,478$4,078,231▼ $92,247
Other Assets Total$294,616$287,570▼ $7,046
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,688,944$1,662,133▼ $26,811
Accounts Payable and Accrued Expenses$10,091$33,671▲ $23,580
Other Liabilities$42,287$33,601▼ $8,686
Deferred Revenue$84$2,764▲ $2,680
Total Liabilities$1,741,406$1,732,169▼ $9,237
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,429,072$2,346,062▼ $83,010
Total Net Assets Fund Balance$2,429,072$2,346,062▼ $83,010
Total Liabilities and Net Assets / Fund Balance$4,170,478$4,078,231▼ $92,247

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,531,948$2,115,175-
Other Land Buildings$26,532$161,084-
Land$179,000--
Other Assets Org$18,690--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Rachael DukeExecutive Director$132,897$16,154$149,051
Amy LammersController$103,975$14,543$118,518

Board Members and Trustees

NameTitle
Judy WernerPresident
Doug ChristiansenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$576,977
Investment Income
$151
Other Revenue
$0
Change in Net Assets
$-83,010

Audited Revenue Reconciliation

Revenue per Audited Statements
$577,128
Total Revenue per Audited Statements
$577,128
Total Revenue per Form 990
$577,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$487,634
Salaries, Compensation, and Employee Benefits$172,504
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$149,318--$149,318
Depreciation Depletion$129,503--$129,503
Interest$80,273--$80,273
Insurance$46,844--$46,844
Fees for Services Management$30,325--$30,325
Payroll Taxes$23,186--$23,186
Office Expenses$18,993--$18,993
Fees for Services Other$15,400--$15,400
Other Expenses$15,228--$15,228
All Other Expenses$14,624--$14,624
Fees for Services Accounting$12,210--$12,210
Fees for Services Legal$4,373--$4,373
Advertising$1,924--$1,924
Total Functional Expenses$660,138$0$0$660,138

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$660,138
Total Expenses per Audited Statements$660,138
Total Expenses per Form 990$660,138
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Comm Partners Aff HousingCommon BoardAsset Mgmt and Res FeesNo$15,400

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$18,977
Acc Resident Services Payable$8,800
ACCRUED INTEREST -Mortgage Loan$5,824
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The return is reviewed by our sponsor's controller and executive director prior to filing.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Preserve Spencer House Inc
EIN
31-1501719
Phone
5032934038
Address
PO BOX 23206, TIGARD, OR 97281

Signing Officer

Name
Rachael Duke
Title
Asset Manager
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Or
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Mark Schwing CPA PC
Address
9725 SW Beaverton-Hillsdale Hwy Sui, Beaverton, OR 97005
Preparer
Mark Schwing CPA
Phone
5035744511
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0124
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt067
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt064
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt098
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0504
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0576977
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0493170
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0473482
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0489940
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0460855
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02494424
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0151
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt067
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt064
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt098
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0504
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt02502984
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0576977
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0493170
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0473482
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0498500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0460855
IRS990ScheduleA/Total509Grp/TotalAmt02502984
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0577128
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0493294
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0473549
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0498564
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0460953
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02503488
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03531948
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02115175
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt05647123
IRS990ScheduleD/ExpensesSubtotalAmt0660138
IRS990ScheduleD/LandGrp/BookValueAmt0179000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0179000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt066936
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1174188
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt227756
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt318690
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MORTGAGE ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESERVE FOR RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026532
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0161084
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0187616
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15824
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt218977
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACC RESIDENT SERVICES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST -Mortgage Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0577128
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03737480
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0287570
IRS990ScheduleD/TotalExpensesPerForm990Amt0660138
IRS990ScheduleD/TotalLiabilityAmt033601
IRS990ScheduleD/TotalRevenuePerForm990Amt0577128
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0577128
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0660138
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0COMM PARTNERS AFF HOUSING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON BOARD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt015400
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ASSET MGMT AND RES FEES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0COMMUNITY PARTNERS FOR AFFORDABLE HOUSING, INC. WAS PAID $15,400 FOR ASSET MANAGEMENT AND RESIDENT SERVICES FEES.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS REVIEWED BY OUR SPONSOR'S CONTROLLER AND EXECUTIVE DIRECTOR PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04170478
IRS990/TotalAssetsEOYAmt04078231
IRS990/TotalAssetsGrp/BOYAmt04170478
IRS990/TotalAssetsGrp/EOYAmt04078231
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0660138
IRS990/TotalFunctionalExpensesGrp/TotalAmt0660138
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01741406
IRS990/TotalLiabilitiesEOYAmt01732169
IRS990/TotalLiabilitiesGrp/BOYAmt01741406
IRS990/TotalLiabilitiesGrp/EOYAmt01732169
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02429072
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02346062
IRS990/TotalOtherCompensationAmt030697
IRS990/TotalProgramServiceExpensesAmt0660138
IRS990/TotalProgramServiceRevenueAmt0576977
IRS990/TotalReportableCompFromOrgAmt0236872
IRS990/TotalRevenueGrp/ExclusionAmt0151
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0576977
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0577128
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04170478
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04078231
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

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