Civic Intelligence

Reach Community Development Inc.

990 • Fiscal year 2013 • EIN 93-0813981

Jan 01, 2013 to Dec 31, 2013 • Filed on Sep 29, 2014

4150 SW Moody Avenue97239

(503) 231-0682

Siviq Scores

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

Liabilities / Assets

89th percentile

0.89x

Higher debt load relative to assets than 89% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

91st percentile

3.39x

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

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Net Margin

16th percentile

-6.4%

Higher net margin than 16% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

16th percentile

$114,156

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Asset Growth

97th percentile

83%

Faster asset growth than 97% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$44,743,246

Up $20,331,146 (+83%) from 2012

Net Assets

Down

$5,065,440

Down $360,156 (-6.6%) from 2012

Liabilities

Up

$39,677,806

Up $20,691,302 (+109%) from 2012

Revenue

$11,702,112

No earlier filing loaded for comparison.

Expenses

Up

$12,456,187

Up $2,878,072 (+30%) from 2012

Net Income

-$754,075

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0-$50MAssets 2010: $16,611,744Liabilities 2010: $17,751,206Net Assets 2010: -$1,139,4622010Assets 2011: $22,584,832Liabilities 2011: $17,464,521Net Assets 2011: $5,120,3112011Assets 2012: $24,412,100Liabilities 2012: $18,986,504Net Assets 2012: $5,425,5962012Assets 2013: $44,743,246Liabilities 2013: $39,677,806Net Assets 2013: $5,065,4402013Assets 2014: $43,762,928Liabilities 2014: $37,456,048Net Assets 2014: $6,306,8802014Assets 2015: $51,017,754Liabilities 2015: $40,847,022Net Assets 2015: $10,170,7322015Assets 2016: $63,098,932Liabilities 2016: $46,041,207Net Assets 2016: $17,057,7252016Assets 2017: $62,515,613Liabilities 2017: $45,358,067Net Assets 2017: $17,157,5462017Assets 2018: $65,648,856Liabilities 2018: $46,634,675Net Assets 2018: $19,014,1812018Assets 2019: $87,165,502Liabilities 2019: $62,470,778Net Assets 2019: $24,694,7242019Assets 2020: $91,938,591Liabilities 2020: $65,416,329Net Assets 2020: $26,522,2622020Assets 2021: $100,210,196Liabilities 2021: $72,494,146Net Assets 2021: $27,716,0502021Assets 2022: $93,233,425Liabilities 2022: $71,375,864Net Assets 2022: $21,857,5612022Assets 2023: $101,606,213Liabilities 2023: $80,049,708Net Assets 2023: $21,556,5052023Assets 2024: $119,966,904Liabilities 2024: $93,481,095Net Assets 2024: $26,485,8092024

Highlighted filing

2013

Assets$44,743,246
Liabilities$39,677,806
Net Assets$5,065,440

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $7,335,9742010Expenses 2011: $8,230,9082011Expenses 2012: $9,578,1152012Revenue 2013: $11,702,112Expenses 2013: $12,456,187Net Income 2013: -$754,0752013Revenue 2014: $14,466,590Expenses 2014: $13,225,150Net Income 2014: $1,241,4402014Revenue 2015: $15,238,064Expenses 2015: $13,608,288Net Income 2015: $1,629,7762015Revenue 2016: $16,053,988Expenses 2016: $14,794,900Net Income 2016: $1,259,0882016Revenue 2017: $16,513,036Expenses 2017: $16,412,492Net Income 2017: $100,5442017Revenue 2018: $19,051,797Expenses 2018: $17,195,162Net Income 2018: $1,856,6352018Revenue 2019: $18,532,549Expenses 2019: $15,532,790Net Income 2019: $2,999,7592019Revenue 2020: $20,756,325Expenses 2020: $18,915,150Net Income 2020: $1,841,1752020Revenue 2021: $29,644,026Expenses 2021: $27,576,644Net Income 2021: $2,067,3822021Revenue 2022: $25,254,357Expenses 2022: $29,396,247Net Income 2022: -$4,141,8902022Revenue 2023: $30,362,375Expenses 2023: $28,721,293Net Income 2023: $1,641,0822023Revenue 2024: $36,222,279Expenses 2024: $30,170,914Net Income 2024: $6,051,3652024

Highlighted filing

2013

Revenue$11,702,112
Expenses$12,456,187
Net Income-$754,075
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Sep 29, 2014
Return Version
2013v3.1
Gross Receipts
$11,702,112
Mission and Program Overview

Mission

Reach develops and manages quality affordable housing and provides opportunities for individuals, families and communities to thrive through supportive programs and home repair services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,581,770$25,964,010▲ $14,382,240
Other Notes and Loans Receivable, Net$9,465,988$8,864,872▼ $601,116
Savings and Temporary Cash Investments$1,078,648$3,232,242▲ $2,153,594
Accounts Receivable$1,012,145$2,100,329▲ $1,088,184
Investments Other Securities$1,297,092$1,597,998▲ $300,906
Cash and Non-Interest-Bearing Accounts$504,616$1,337,380▲ $832,764
Pledges and Grants Receivable$196,998$305,957▲ $108,959
Prepaid Expenses and Deferred Charges$43,899$85,609▲ $41,710
Total Assets$24,412,100$44,743,246▲ $20,331,146
Other Assets Total$-769,056$1,254,849▲ $2,023,905
Liabilities
Mortgage Notes Payable Secured by Investment Property$17,152,672$36,993,427▲ $19,840,755
Accounts Payable and Accrued Expenses$1,493,888$1,576,825▲ $82,937
Other Liabilities$339,944$1,107,554▲ $767,610
Total Liabilities$18,986,504$39,677,806▲ $20,691,302
Net Assets / Fund Balance
Unrestricted Net Assets$4,748,009$4,112,853▼ $635,156
Permanently Rstr Net Assets$350,000$952,587▲ $602,587
Temporarily Rstr Net Assets$327,587--
Total Net Assets Fund Balance$5,425,596$5,065,440▼ $360,156
Total Liabilities and Net Assets / Fund Balance$24,412,100$44,743,246▲ $20,331,146

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,559,046$26,919,404$46,478,450
Land$5,723,869-$5,723,869
Equipment$649,301$1,170,120$1,819,421
Leasehold Improvements$31,794$123,074$154,868
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joan CookChief Fin ofFT$99,034$15,122$114,156
Dan ValliereChief ExecutFT$81,395$5,389$86,784

Board Members and Trustees

NameTitle
Ruth Ann TsukudaPresident
Bestsy FergusonBoard Member
Bhavna KumarBoard Member
Charles WilliamsBoard Member
David SacamanoBoard Member
Kevin Wingate-pearseBoard Member
Loren ClarkBoard Member
Marc TedescoBoard Member
Nancy BondBoard Member
Paul IpBoard Member
Lawrence M ConradSecretary/tr
Brett SheehanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,782,546
Program Service Revenue
$8,607,023
Investment Income
$312,543
Other Revenue
$0
All Other Contributions
$1,269,155
Change in Net Assets
$-754,075

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table6$94,137Fair Market Value
Other Non Cash Contri Table16$15,689Fair Market Value
Total Noncash Contributions22$109,826-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,664,125
Salaries, Compensation, and Employee Benefits$5,792,062
Total Fundraising Expense$331,882
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,503,044$499,834$156,703$4,159,581
Occupancy$2,308,226$149,194-$2,457,420
Depreciation Depletion$1,628,327$232,635-$1,860,962
Other Employee Benefits$686,604$93,275$30,443$810,322
Fees for Services Other$377,149$131,744$27,539$536,432
Payroll Taxes$351,917$57,121$16,448$425,486
Office Expenses$145,566$55,366$950$201,882
Current Officers, Directors, Trustees, and Key Employees$84,715$107,547$8,678$200,940
Pension Plan Contributions$166,831$21,331$7,571$195,733
All Other Expenses$125,577$3,958$85$129,620
Fees for Services Accounting$59,002$42,700-$101,702
Other Expenses$91,263$178,091$82,640$91,263
Information Technology$35,554--$35,554
Fees for Services Legal$23,172$8,090-$31,262
Advertising$5,438$13,613$825$19,876
Total Functional Expenses$10,529,806$1,594,499$331,882$12,456,187
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$603,323
Advance Rent and Deposits$332,295
Deferred Interest$171,936
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

It is the organization's policy to provide a copy of form 990 to its' board of directors and finance committee prior to filing. The finance committee shall report to the board its' review of the form 990 and the board shall take any additional action that it feels appropriate.

Form 990, Page 6, Part VI, Line 12C

The secretary of the corporation or designee shall review the conflicts of interest policy with each new director and shall assist each new director in understanding and complying with it. On an annual basis, the secretary of the corporation or designee shall develop and maintain a list of insiders who engage in or are reasonably likely to engage in transactions that constitute conflicts of interest with the corporation during the year. The officers, directors and key employeess shall each year disclose interests that could give rise to a conflict of interest under this policy. Such dislcosure shall be made on a disclosure and acknowledgement form and shall file this form with the corporate secretary or designee. The secretary or designee shall monitor and enfore compliance with this policy by reviewing the list of insiders and the disclosure and acknowledgement forms each year and by bringing potential or actual conflicts to the attention of the president of the board. The secretary of the corporation or designee shall convey the list of insiders identified above to the executive director and shall instruct the executive director to notify the board if the executive director or any employee plans to engage in a transaction with an insider that constitutes a conflict of interest. If so, the board shall monitor the transaction to ensure that it complies with the procedures contained in this policy.

Form 990, Page 6, Part VI, Line 15A

The board shall exclude any insider that has a conflict of interest with respect to the transaction from all discussion and from voting on the transaction. The board many ask questions of the insider prior to beginning its discussion. The board shall gather appropriate data to ensure that the compensation for each insider is reasonable. In the case of employee compensation packages, the board shall utilize reliable surveys of compensation for comparable positions or shall utilize data for at least three similary situated employees in comparable positions.

Form 990, Page 6, Part VI, Line 15B

The board shall exclude any insider that has a conflict of interest with respect to the transaction from all discussion and from voting on the transaction. The board many ask questions of the insider prior to beginning its discussion. The board shall gather appropriate data to ensure that the compensation for each insider is reasonable. In the case of employee compensation packages, the board shall utilize reliable surveys of compensation for comparable positions or shall utilize data for at least three similary situated employees in comparable positions.

Form 990, Page 6, Part VI, Line 19

Reach shall make its articles of incorporation, any amendments or restatements to the articles, its bylaws, its conflict of interest policy, its most recent three years of the form 990, 990-ez and 990-t, and recent financial statements available to the public for inspection and copying upon request. The documents described above shall be available for inspection upon request at the reach office during regular business hours.

Filing and Contact Details

Filer

EIN
93-0813981
Phone
5032310682

Signing Officer

Name
Dan Valliere
Title
Executive Director
Phone
5032310682
Signed
2014-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Valliere
Formed
1982
Legal Domicile
Or
Voting Board Members
11
Independent Board Members
11
Employees
124
Volunteers
674

Preparer

Preparer
Steven R Bjorklund
Phone
5036436400
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Volunteer services 490 reach volunteers donated their services in 2013. Volunteers help our community in a number of ways, including: teaching classes to residents; maintaining garden beds; and, serving as project and crew leaders at the paint & repair a-thon.

Form 990, Part XI, Line 9

Consolidation with elderhope 836,984 consolidation with albina corner 805,975 consolidation with pine street associates 1,249,040 pine street associates, albina corner lp and elderhope lp are 100% owned by reach community development, inc. And the income, expenses, assets and liabilities of these entities are included in this form 990. A one-time adjustment to net assets is required in 2013 to transfer these entities assets and liabilities to reach community development inc.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$120$93.5$26.5$36.2$30.2$6.05
2023Detailed filing. Detailed filing data is available for this year.$102$80.0$21.6$30.4$28.7$1.64
2022Detailed filing. Detailed filing data is available for this year.$93.2$71.4$21.9$25.3$29.4$4.14
2021Detailed filing. Detailed filing data is available for this year.$100$72.5$27.7$29.6$27.6$2.07
2020Detailed filing. Detailed filing data is available for this year.$91.9$65.4$26.5$20.8$18.9$1.84
2019Detailed filing. Detailed filing data is available for this year.$87.2$62.5$24.7$18.5$15.5$3.00
2018Detailed filing. Detailed filing data is available for this year.$65.6$46.6$19.0$19.1$17.2$1.86
2017Detailed filing. Detailed filing data is available for this year.$62.5$45.4$17.2$16.5$16.4$0.10
2016Detailed filing. Detailed filing data is available for this year.$63.1$46.0$17.1$16.1$14.8$1.26
2015Detailed filing. Detailed filing data is available for this year.$51.0$40.8$10.2$15.2$13.6$1.63
2014Detailed filing. Detailed filing data is available for this year.$43.8$37.5$6.31$14.5$13.2$1.24
2013Detailed filing. Detailed filing data is available for this year.$44.7$39.7$5.07$11.7$12.5$0.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.4$19.0$5.43$9.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.6$17.5$5.12$8.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$17.8$1.14$7.34