Civic Intelligence

Thistle & Nest

990 • Fiscal year 2024 • EIN 92-2694655

Jan 01, 2024 to Dec 31, 2024 • Filed on Aug 28, 2025

250 NW Franklin AveBend, OR 97703

(541) 330-8758

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.90x

Higher debt load relative to assets than 91% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

3.20x

Higher debt load relative to revenue than 91% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

84th percentile

34%

Higher net margin than 84% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

99th percentile

202%

Faster asset growth than 99% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

100th percentile

29757%

Faster revenue growth than 100% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$37,049,760

Up $24,799,679 (+202%) from 2023

Net Assets

Up

$3,590,210

Up $3,604,173 (+25812%) from 2023

Liabilities

Up

$33,459,550

Up $21,195,506 (+173%) from 2023

Revenue

Up

$10,452,911

Up $10,417,901 (+29757%) from 2023

Expenses

Up

$6,848,738

Up $6,799,765 (+13885%) from 2023

Net Income

Up

$3,604,173

Up $3,618,136 (+25912%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0-$10MAssets 2023: $12,250,081Liabilities 2023: $12,264,044Net Assets 2023: -$13,9632023Assets 2024: $37,049,760Liabilities 2024: $33,459,550Net Assets 2024: $3,590,2102024

Highlighted filing

2024

Assets$37,049,760
Liabilities$33,459,550
Net Assets$3,590,210

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2023: $35,010Expenses 2023: $48,973Net Income 2023: -$13,9632023Revenue 2024: $10,452,911Expenses 2024: $6,848,738Net Income 2024: $3,604,1732024

Highlighted filing

2024

Revenue$10,452,911
Expenses$6,848,738
Net Income$3,604,173
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 28, 2025
Return Version
2024v5.2
Gross Receipts
$10,452,911
Mission and Program Overview

Mission

Thistle & nest's mission is to provide affordable housing to the local workforce which fosters a stable housing environment and creates the ability to build equity through homeownership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,942,559$20,744,276▲ $12,801,717
Loans From Officers Directors$654,543$6,621,062▲ $5,966,519
Inventories for Sale or Use-$1,757,455-
Cash and Non-Interest-Bearing Accounts$7,540$896,994▲ $889,454
Accounts Receivable$850--
Total Assets$12,250,081$37,049,760▲ $24,799,679
Other Assets Total$4,299,132$13,651,035▲ $9,351,903
Liabilities
Other Liabilities$11,237,743$25,606,066▲ $14,368,323
Accounts Payable and Accrued Expenses$371,758$1,232,422▲ $860,664
Total Liabilities$12,264,044$33,459,550▲ $21,195,506
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-13,963$3,590,210▲ $3,604,173
Total Net Assets Fund Balance$-13,963$3,590,210▲ $3,604,173
Total Liabilities and Net Assets / Fund Balance$12,250,081$37,049,760▲ $24,799,679

Asset Categories

AssetBook ValueDepreciationBasis
Land$20,744,276-$20,744,276
Other Assets Org$2,567,243--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Amy WarrenPresident
Zoe PlummerVice President
Shelby SteeleSecretary
Larry KineTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$37,661
Program Service Revenue
$10,415,250
Investment Income
$0
Other Revenue
$0
All Other Contributions
$12,925
Change in Net Assets
$3,604,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,848,738
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$33,187--$33,187
Interest$26,063--$26,063
Fees for Services Accounting-$6,932-$6,932
Travel-$3,929-$3,929
Other Expenses$57,617$1,491-$1,491
Fees for Services Legal-$1,305-$1,305
Fees for Services Other-$863-$863
Conferences and Meetings-$725-$725
All Other Expenses$370--$370
Insurance$225--$225
Total Functional Expenses$6,818,901$29,837$0$6,848,738
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
-Board PresidentProject Managment FeeNo$251,870
-Vice PresidentMarketing ContractNo$1,109

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$654,543$6,621,062▲ $5,966,519
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
N/p - Oregon Housing & Com. Services$25,500,052
N/p - Bcl, LLC$80,000
Deferred Developer Fee$13,007
Np - Hive Dev - Deferred Gc Fee$13,007
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Amy warren, zoe plummer - president & vice president - mother/daughter larry kine, amy warren - treasurer & president - outside business contracts

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

No review was or will be conducted.

Form 990, Part VI, Section B, Line 12C

Potential conflicts of interest are discussed at the beginning of each board meeting

Form 990, Part VI, Section C, Line 19

No documents are available to the public

Filing and Contact Details

Filer

Filer Name
Thistle & Nest
EIN
92-2694655
Phone
5413308758
Address
250 NW FRANKLIN AVE, BEND, OR 97703

Signing Officer

Name
Amy Warren
Title
President
Phone
5413308758
Signed
2025-08-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Warren
Formed
2023
Legal Domicile
Or
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Sorren Inc
Address
841 OHARE PARKWAY SUITE 200, MEDFORD, OR 97504
Preparer
Macy J Smetzler CPA
Phone
5417736633
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MARKETING CONTRACT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt16571662
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt349400
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0LARRY KINE PROPERTIES LARRY KINE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1KINE & KINE (LARRY KINE)
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt2S&L CONSTRUCTION (LARRY KINE)
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt3LARRY KINE PROPERTIES LARRY KINE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PURCHASE LAND & CONSTRUCTIN COSTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1LARRY KINE PROPERTIES /LARRY KINE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2CONSTRUCTION COSTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3LARRY KINE PROPERTIES /LARRY KINE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0428838
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt13211765
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt213940
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt349400
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0LARRY KINE PROPERTIES /LARRY KINE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1TREASURER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2TREASURER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3LARRY KINE PROPERTIES /LARRY KINE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/TotalBalanceDueAmt06621062
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AMY WARREN, ZOE PLUMMER - PRESIDENT & VICE PRESIDENT - MOTHER/DAUGHTER LARRY KINE, AMY WARREN - TREASURER & PRESIDENT - OUTSIDE BUSINESS CONTRACTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED AT THE BEGINNING OF EACH BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012250081
IRS990/TotalAssetsEOYAmt037049760
IRS990/TotalAssetsGrp/BOYAmt012250081
IRS990/TotalAssetsGrp/EOYAmt037049760
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt037661
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029837
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06818901
IRS990/TotalFunctionalExpensesGrp/TotalAmt06848738
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012264044
IRS990/TotalLiabilitiesEOYAmt033459550
IRS990/TotalLiabilitiesGrp/BOYAmt012264044
IRS990/TotalLiabilitiesGrp/EOYAmt033459550
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-13963
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03590210
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06818901
IRS990/TotalProgramServiceRevenueAmt010415250
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010415250
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010452911
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012250081
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt037049760
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03929
IRS990/TravelGrp/TotalAmt03929
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt0580 NE CRAVEN RD
IRS990/USAddress/CityNm0BEND
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097702
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0THISTLEANDNEST.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AMY WARREN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05413308758
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THISTLE & NEST
ReturnHeader/Filer/BusinessNameControlTxt0THIS
ReturnHeader/Filer/EIN0922694655
ReturnHeader/Filer/PhoneNum05413308758
ReturnHeader/Filer/USAddress/AddressLine1Txt0250 NW FRANKLIN AVE

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