Civic Intelligence

Northwest Coastal Housing

990 • Fiscal year 2019 • EIN 94-3141603

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 03, 2020

PO Box 1457Newport, OR 97365-0011

(541) 574-0320

Siviq Scores

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

Liabilities / Assets

87th percentile

0.72x

Higher debt load relative to assets than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

3.34x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

55th percentile

5.2%

Higher net margin than 55% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

47th percentile

$54,444

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

33rd percentile

-1.6%

Faster asset growth than 33% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

58th percentile

7.8%

Faster revenue growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$4,533,235

Down $73,030 (-1.6%) from 2018

Net Assets

Up

$1,258,277

Up $48,022 (+4.0%) from 2018

Liabilities

Down

$3,274,958

Down $121,052 (-3.6%) from 2018

Revenue

Up

$981,261

Up $70,788 (+7.8%) from 2018

Expenses

Down

$930,586

Down $72,647 (-7.2%) from 2018

Net Income

Up

$50,675

Up $143,435 (+155%) from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $3,381,302Liabilities 2011: $1,703,374Net Assets 2011: $1,677,9282011Assets 2012: $3,083,867Liabilities 2012: $1,622,429Net Assets 2012: $1,461,4382012Assets 2013: $2,925,134Liabilities 2013: $1,596,273Net Assets 2013: $1,328,8612013Assets 2015: $2,498,541Liabilities 2015: $1,413,562Net Assets 2015: $1,084,9792015Assets 2016: $2,400,335Liabilities 2016: $1,335,912Net Assets 2016: $1,064,4232016Assets 2017: $4,972,249Liabilities 2017: $3,669,234Net Assets 2017: $1,303,0152017Assets 2018: $4,606,265Liabilities 2018: $3,396,010Net Assets 2018: $1,210,2552018Assets 2019: $4,533,235Liabilities 2019: $3,274,958Net Assets 2019: $1,258,2772019Assets 2020: $4,716,707Liabilities 2020: $3,395,676Net Assets 2020: $1,321,0312020Assets 2021: $10,952,652Liabilities 2021: $6,010,405Net Assets 2021: $4,942,2472021Assets 2022: $10,195,031Liabilities 2022: $4,449,506Net Assets 2022: $5,745,5252022Assets 2023: $21,812,825Liabilities 2023: $8,993,963Net Assets 2023: $12,818,8622023Assets 2024: $21,707,178Liabilities 2024: $7,291,021Net Assets 2024: $14,416,1572024

Highlighted filing

2019

Assets$4,533,235
Liabilities$3,274,958
Net Assets$1,258,277

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $674,788Expenses 2011: $837,508Net Income 2011: -$162,7202011Revenue 2012: $675,113Expenses 2012: $891,604Net Income 2012: -$216,4912012Revenue 2013: $796,718Expenses 2013: $929,295Net Income 2013: -$132,5772013Revenue 2015: $799,107Expenses 2015: $919,450Net Income 2015: -$120,3432015Revenue 2016: $856,830Expenses 2016: $877,386Net Income 2016: -$20,5562016Revenue 2017: $875,565Expenses 2017: $786,681Net Income 2017: $88,8842017Revenue 2018: $910,473Expenses 2018: $1,003,233Net Income 2018: -$92,7602018Revenue 2019: $981,261Expenses 2019: $930,586Net Income 2019: $50,6752019Revenue 2020: $1,023,595Expenses 2020: $960,841Net Income 2020: $62,7542020Revenue 2021: $5,290,646Expenses 2021: $1,669,430Net Income 2021: $3,621,2162021Revenue 2022: $2,834,771Expenses 2022: $2,031,493Net Income 2022: $803,2782022Revenue 2023: $9,132,984Expenses 2023: $2,083,830Net Income 2023: $7,049,1542023Revenue 2024: $4,319,048Expenses 2024: $2,721,753Net Income 2024: $1,597,2952024

Highlighted filing

2019

Revenue$981,261
Expenses$930,586
Net Income$50,675
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 3, 2020
Return Version
2019v5.0
Gross Receipts
$982,698
Mission and Program Overview

Mission

To provide affordable, safe, decent, and stable housing with compassion and integrity

To preserve, construct, and rehabilitate housing units in lincoln county, oregon to provide rental and home ownership opportunities for those who can not afford market rate housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,183,131$3,978,713▼ $204,418
Savings and Temporary Cash Investments$216,333$241,678▲ $25,345
Cash and Non-Interest-Bearing Accounts$92,237$131,310▲ $39,073
Pledges and Grants Receivable$11,167$25,000▲ $13,833
Accounts Receivable$15,307$12,768▼ $2,539
Prepaid Expenses and Deferred Charges$32,270$7,946▼ $24,324
Total Assets$4,606,265$4,533,235▼ $73,030
Other Assets Total$55,820$135,820▲ $80,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,205,141$3,116,783▼ $88,358
Other Liabilities$113,638$113,537▼ $101
Accounts Payable and Accrued Expenses$72,714$41,295▼ $31,419
Deferred Revenue$4,517$3,343▼ $1,174
Total Liabilities$3,396,010$3,274,958▼ $121,052
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,177,302$1,225,802▲ $48,500
Net Assets With Donor Restrictions$32,953$32,475▼ $478
Total Net Assets Fund Balance$1,210,255$1,258,277▲ $48,022
Total Liabilities and Net Assets / Fund Balance$4,606,265$4,533,235▼ $73,030

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,627,188$3,867,852$7,495,040
Other Land Buildings$64,430$574,482$638,912
Land$259,214-$259,214
Equipment$27,881$24,872$52,753
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sheila StileyExecutive DiFT$54,444$54,444

Board Members and Trustees

NameTitle
Steve BeckPresident
Elizabeth ReyesDirector
Lance CummingsDirector
Nathan PerryDirector
Trevor BrittsanDirector
Claire HallDirector, Ex
Nancy MitchellSecretary
Michael SmithTreasurer
Richard MusickVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$181,615
Program Service Revenue
$799,032
Investment Income
$-713
Other Revenue
$1,327
All Other Contributions
$82,415
Change in Net Assets
$50,675

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
Real Estate Residential1$70,000Market Value
Other Non Cash Contri Table1$5,000Estimated Value
Total Noncash Contributions2$75,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$981,261
Total Revenue per Audited Statements
$981,261
Total Revenue per Form 990
$981,261
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$734,895
Salaries, Compensation, and Employee Benefits$195,691
Total Fundraising Expense$41,140
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$282,552--$282,552
Occupancy$154,215$10,996-$165,211
Interest$103,207$8,249-$111,456
Other Salaries and Wages$79,762$4,665$21,772$106,199
Current Officers, Directors, Trustees, and Key Employees$13,611$27,222$13,611$54,444
Office Expenses$32,261$9,373$707$42,341
Payroll Taxes$26,425$4,087$4,536$35,048
Fees for Services Management$34,493--$34,493
Insurance$28,395$2,060$514$30,969
Fees for Services Other$20,978--$20,978
Conferences and Meetings$13,750$3,389-$17,139
Fees for Services Accounting-$14,924-$14,924
Fees for Services Legal$5,825--$5,825
Other Expenses$250$400-$650
Total Functional Expenses$804,081$85,365$41,140$930,586

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$930,586
Total Expenses per Audited Statements$930,586
Total Expenses per Form 990$930,586
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,046
Fundraising Direct Expenses$636
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$68,952
Refundable Advances$44,585
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

The executive director, president, and bookkeeper review the form 990 before it is filed.

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

The board of directors reviews the executive director's performance annually. Any salary adjustments are determined at that time.

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

The executive director determines if other employees are eligible for pay increases on an annual basis.

Form 990, Page 6, Part VI, Line 19

Copies of documents are made available or mailed within 30 days after a written request has been received by the executive director. Form 990s are also available at guidestar.org.

Filing and Contact Details

Filer

Filer Name
Northwest Coastal Housing
EIN
94-3141603
Phone
5415740320
Address
PO BOX 1457, NEWPORT, OR 97365-0011
Doing Business As
Community Development Corp of Lc

Signing Officer

Name
Sheila Stiley
Title
Executive Director
Phone
5415740320
Signed
2020-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheila Stiley
Formed
1991
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
8
Employees
5
Volunteers
32

Preparer

Firm
Grimstad & Associates
Address
PO BOX 1930, NEWPORT, OR 97365
Preparer
Signe Grimstad
Phone
5412655411
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Northwest coastal housing (nwch) was established in 1991 to provide affordable, safe, decent and stable housing with compassion and integrity to those living in lincoln county, oregon. Nwch develops and maintains affordable housing while advocating for and supporting community efforts that enhance affordable housing options for low-income and/or disabled individuals and families.

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

Affordable housing program preserves, constructs and rehabilitates housing units in lincoln county, oregon to provide rental and home ownership opportunities for those who cannot afford market rate housing. Advocates for, develops and manages safe, decent shelter for low-income families, individuals recovering from mental illness and drug or alcohol addictions, veterans, and supported housing for developmentally disabled people. Nwch also provides resident services including health and nutrition workshops, community gardens, kid's club, social activities and referrals, conflict resolution services, plus first-time homebuyer classes, and financial fitness education. Yaquina breeze apartments in newport, oregon offer 9 units of supportive housing for persons with mental health issues including ptsd disabilities and drug/alcohol addictions, earning less than 50% of area family adjusted gross income. Resident services are provided by lincoln county health and human services department. Alder hill apartments offer 3 one-bedroom apartments in toledo, oregon for those earning 60% or less of the area family adjusted gross income. Alder hill also serves as a residential group home for individuals with developmental disabilities.

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

Spyglass ridge lp is a partnership formed to acquire, rehabilitate, and operate an 80 unit apartment complex known as spyglass ridge apartments (the ridge) located in lincoln city, oregon. The ridge rents all of its units to low-income individuals and families and is operated in a manner necessary to qualify for low-income housing tax credits as provided under section 42 of the internal revenue code. The ridge shall continue in perpetuity and is subject to u.s. Department of housing and urban development (hud) provisions, laws and regulations for the term of its hud insured loan. As noted above, the ridge provides 80 units of affordable family housing with 72 units at 60%, 6 units at 50% or less of the area family adjusted median gross income. Nwch offers resident services at the ridge.

Form 990, Part XI, Line 9

Owner distribution -2,653

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IRS990/MissionDesc0NORTHWEST COASTAL HOUSING (NWCH) WAS ESTABLISHED IN 1991 TO PROVIDE AFFORDABLE, SAFE, DECENT AND STABLE HOUSING WITH COMPASSION AND INTEGRITY TO THOSE LIVING IN LINCOLN COUNTY, OREGON. NWCH DEVELOPS AND MAINTAINS AFFORDABLE HOUSING WHILE ADVOCATING FOR AND SUPPORTING COMMUNITY EFFORTS THAT ENHANCE AFFORDABLE HOUSING OPTIONS FOR LOW-INCOME AND/OR DISABLED INDIVIDUALS AND FAMILIES.
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IRS990/ProgSrvcAccomActy2Grp/Desc0SPYGLASS RIDGE LP IS A PARTNERSHIP FORMED TO ACQUIRE, REHABILITATE, AND OPERATE AN 80 UNIT APARTMENT COMPLEX KNOWN AS SPYGLASS RIDGE APARTMENTS (THE RIDGE) LOCATED IN LINCOLN CITY, OREGON. THE RIDGE RENTS ALL OF ITS UNITS TO LOW-INCOME INDIVIDUALS AND FAMILIES AND IS OPERATED IN A MANNER NECESSARY TO QUALIFY FOR LOW-INCOME HOUSING TAX CREDITS AS PROVIDED UNDER SECTION 42 OF THE INTERNAL REVENUE CODE. THE RIDGE SHALL CONTINUE IN PERPETUITY AND IS SUBJECT TO U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROVISIONS, LAWS AND REGULATIONS FOR THE TERM OF ITS HUD INSURED LOAN. AS NOTED ABOVE, THE RIDGE PROVIDES 80 UNITS OF AFFORDABLE FAMILY HOUSING WITH 72 UNITS AT 60%, 6 UNITS AT 50% OR LESS OF THE AREA FAMILY ADJUSTED MEDIAN GROSS INCOME. NWCH OFFERS RESIDENT SERVICES AT THE RIDGE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NORTHWEST COASTAL HOUSING (NWCH) WAS ESTABLISHED IN 1991 TO PROVIDE AFFORDABLE, SAFE, DECENT AND STABLE HOUSING WITH COMPASSION AND INTEGRITY TO THOSE LIVING IN LINCOLN COUNTY, OREGON. NWCH DEVELOPS AND MAINTAINS AFFORDABLE HOUSING WHILE ADVOCATING FOR AND SUPPORTING COMMUNITY EFFORTS THAT ENHANCE AFFORDABLE HOUSING OPTIONS FOR LOW-INCOME AND/OR DISABLED INDIVIDUALS AND FAMILIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AFFORDABLE HOUSING PROGRAM PRESERVES, CONSTRUCTS AND REHABILITATES HOUSING UNITS IN LINCOLN COUNTY, OREGON TO PROVIDE RENTAL AND HOME OWNERSHIP OPPORTUNITIES FOR THOSE WHO CANNOT AFFORD MARKET RATE HOUSING. ADVOCATES FOR, DEVELOPS AND MANAGES SAFE, DECENT SHELTER FOR LOW-INCOME FAMILIES, INDIVIDUALS RECOVERING FROM MENTAL ILLNESS AND DRUG OR ALCOHOL ADDICTIONS, VETERANS, AND SUPPORTED HOUSING FOR DEVELOPMENTALLY DISABLED PEOPLE. NWCH ALSO PROVIDES RESIDENT SERVICES INCLUDING HEALTH AND NUTRITION WORKSHOPS, COMMUNITY GARDENS, KID'S CLUB, SOCIAL ACTIVITIES AND REFERRALS, CONFLICT RESOLUTION SERVICES, PLUS FIRST-TIME HOMEBUYER CLASSES, AND FINANCIAL FITNESS EDUCATION. YAQUINA BREEZE APARTMENTS IN NEWPORT, OREGON OFFER 9 UNITS OF SUPPORTIVE HOUSING FOR PERSONS WITH MENTAL HEALTH ISSUES INCLUDING PTSD DISABILITIES AND DRUG/ALCOHOL ADDICTIONS, EARNING LESS THAN 50% OF AREA FAMILY ADJUSTED GROSS INCOME. RESIDENT SERVICES ARE PROVIDED BY LINCOLN COUNTY HEALTH AND HUMAN SERVICES DEPARTMENT. ALDER HILL APARTMENTS OFFER 3 ONE-BEDROOM APARTMENTS IN TOLEDO, OREGON FOR THOSE EARNING 60% OR LESS OF THE AREA FAMILY ADJUSTED GROSS INCOME. ALDER HILL ALSO SERVES AS A RESIDENTIAL GROUP HOME FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SPYGLASS RIDGE LP IS A PARTNERSHIP FORMED TO ACQUIRE, REHABILITATE, AND OPERATE AN 80 UNIT APARTMENT COMPLEX KNOWN AS SPYGLASS RIDGE APARTMENTS (THE RIDGE) LOCATED IN LINCOLN CITY, OREGON. THE RIDGE RENTS ALL OF ITS UNITS TO LOW-INCOME INDIVIDUALS AND FAMILIES AND IS OPERATED IN A MANNER NECESSARY TO QUALIFY FOR LOW-INCOME HOUSING TAX CREDITS AS PROVIDED UNDER SECTION 42 OF THE INTERNAL REVENUE CODE. THE RIDGE SHALL CONTINUE IN PERPETUITY AND IS SUBJECT TO U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROVISIONS, LAWS AND REGULATIONS FOR THE TERM OF ITS HUD INSURED LOAN. AS NOTED ABOVE, THE RIDGE PROVIDES 80 UNITS OF AFFORDABLE FAMILY HOUSING WITH 72 UNITS AT 60%, 6 UNITS AT 50% OR LESS OF THE AREA FAMILY ADJUSTED MEDIAN GROSS INCOME. NWCH OFFERS RESIDENT SERVICES AT THE RIDGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR, PRESIDENT, AND BOOKKEEPER REVIEW THE FORM 990 BEFORE IT IS FILED.

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