2024-11-04T07:46:38-06:00 2023-12-31 221478099 COHNREZNICK LLP 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2023-01-01 931057208 UMPQUA COMMUNITY DEVELOPMENT CORP UMPQ 5416734909 605 SE KANE STREET ROSEBURG OR 97470 ERICA MILLS CEO 5416734909 2024-10-31 1 1 JOLANTA TUCK CPA P01340068 9164429100 2024-10-30 2023 2024-10-15 13:58:12Z NEIGHBORWORKS UMPQUA ERICA MILLS 605 SE KANE STREET ROSEBURG OR 97470 9343662 0 X WWW.NWUMPQUA.ORG X 1991 OR PROVIDE LOW-INCOME HOUSING & COMMUNITY DEVELOPMENT 8 8 65 80 0 0 2152024 5000290 3816170 4056272 224785 188056 0 99044 6192979 9343662 1243817 919812 0 0 1694007 2615552 0 0 0 5913611 5642038 8851435 9177402 -2658456 166260 51410009 42761395 20836945 14040335 30573064 28721060 X PROVIDE A FORUM FOR THE SHARING OF INFORMATION, EXPERIENCE, AND PERSPECTIVE CONCERNING PUBLIC AND PRIVATE HOUSING WITHIN THE STATE OF OREGON AND PARTICIPATE WITH LOCAL, PUBLIC, AND PRIVATE PARTNERSHIPS IN THE CREATION OF AFFORDABLE HOUSING AND COMMUNITY BASED ECONOMIC DEVELOPMENT 0 0 7283288 37209 3470206 PROVISION OF AFFORDABLE HOUSING, ASSET MANAGEMENT, AND RESIDENT SERVICES WITHIN A PORTFOLIO OF RENTAL PROPERTIES. 360893 360893 163400 DREAMSAVERS GRANT-MATCH PROGRAM FOR QUALIFYING INDIVIDUALS FOR LOW INCOME SAVINGS. DURING 2023, 192 INDIVIDUALS WERE SERVED BY THIS PROGRAM. 521710 521710 521710 THE COMMUNITY BLOCK DEVELOPMENT GRANT PROGRAM PROVIDES GRANTS TO COMMUNITIES TO HELP WITH VARIOUS NEEDS, SUCH AS HOME REPAIRS FOR LOW AND MODERATE INCOME INDIVIDUALS. 8165891 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 35 0 1 65 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OR X ERICA MILLS 5416734909 605 SE KANE STREET ROSEBURG OR 97470 ELENA LININGER CHAIR 1.00 1.00 X X 0 0 0 JACOB WINN BOARD MEMBER 1.00 1.00 X 0 0 0 STEVE LOOSLEY TREASUER 1.00 1.00 X X 0 0 0 DEB LIGHTCAP SECRETARY 1.00 1.00 X X 0 0 0 BRITTANY WEERHEIM VICE CHAIR 1.00 1.00 X X 0 0 0 DAWN MILLS BOARD MEMBER 1.00 1.00 X 0 0 0 ADAM ADAMSON BOARD MEMBER 1.00 1.00 X 0 0 0 MARAJAN COESTER BOARD MEMBER 1.00 1.00 X 0 0 0 ERICA MILLS CEO 35.00 5.00 X 137308 0 26994 137308 0 26994 1 0 1 0 CORPORATE FACTS 12855 BRODICK COURT JACKSONVILLE FL 32224 ACCOUNTING/FINANCIAL SERVICES 347000 COHNREZNICK LLP 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 AUDIT/TAX SERVICES 122445 DEVAL LLC 8230 LEESBURG PIKE SUITE 600 VIENNA VA 22182 REAL ESTATE MANAGEMENT 121517 3 3873499 1126791 5000290 RENTAL INCOME 531390 2773155 2773155 PROPERTY MGMT FEE 531310 1032955 1032955 GRANT ADMINISTRATION 531390 225771 225771 WAGES REIMBURSEMENT 900099 24391 24391 4056272 188056 188056 99044 99044 99044 9343662 4155316 0 188056 919812 919812 164302 123226 41076 1802369 1351777 450592 45773 34330 11443 401178 300885 100293 201930 151447 50483 28561 28561 4348 870 3478 31936 6387 25549 538547 430838 107709 1150 920 230 37896 30317 7579 75009 60007 15002 1381840 1342237 39603 99292 79434 19858 1055396 1002626 52770 REPAIRS & MAINTENANCE 848256 805843 42413 NET LOSS ON DISPOSALS 596927 596927 MISCELLANEOUS OPERATING 422523 401397 21126 BAD DEBT EXPENSE 408932 408932 111425 89118 22307 9177402 8165891 1011511 0 2143411 2572067 635000 1631505 6888315 8756313 11915394 2447079 109603 62080 34805821 16737838 20174994 18067983 6557687 6426365 2985605 2798003 51410009 42761395 1267466 580381 746805 1208586 207274 13087583 11997197 5735091 46897 20836945 14040335 X 19022804 17412083 11550260 11308977 30573064 28721060 51410009 42761395 X 166260 -2018264 X 0 1 X 1 1 1 X 4029400 3265755 4620424 2152024 5000290 19067893 4029400 3265755 4620424 2152024 5000290 19067893 340458 18727435 317518 294555 445679 224785 188056 1470593 79266 214 99044 178524 20717010 21478486 0.90400 0.90060 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC REVENUE - 2020 AMOUNT: $ 79,266. 2021 AMOUNT: $ 214. 2023 AMOUNT: $ 99,044. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3196402 3196402 29346995 16723904 12623091 1165642 13934 1151708 1096782 1096782 18067983 INVESTMENT-GRAND 610512 C INVESTMENT-HILLSIDE 139262 C INVESTMENT-JEFFERSON 59844 C INVESTMENT-CODDINGTON 670760 C INVESTMENT-UMPQUA 3702164 C INVESTMENT-DAVIDS HOUSE 160467 C INVESTMENT-DIAMOND 129944 C INVESTMENT-SCHAEFFER 41144 C INVESTMENT-HNB 373266 C INVESTMENT-DEER CREEK 500000 C INVESTMENT-HEARTWOOD 39002 C 6426365 RESTRICTED CASH - HELD FOR REPLACEMENT RESERVE 194174 RESTRICTED CASH - HELD FOR OPERATING RESERVE 1913155 RESTRICTED CASH - HELD FOR SECURITY DEPOSITS 225429 RESTRICTED CASH - HELD FOR INSURANCE & TAX ESCROW 465245 2798003 DUE TO RELATED PARTY 46897 46897 X PART IV, LINE 2B: THE ESCROW LIABILITY AMOUNTS ON FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS. PART X, LINE 2: NWU HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. DUE TO ITS TAX-EXEMPT STATUS, NWU IS NOT SUBJECT TO INCOME TAXES. NWU IS REQUIRED TO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND NWU HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 ARE SUBJECT TO EXAMINATION BY THE IRS. THE AFFILIATES ARE PASS-THROUGH ENTITIES FOR INCOME TAX PURPOSES AND ARE NOT SUBJECT TO INCOME TAXES. ALL ITEMS OF TAXABLE INCOME, DEDUCTIONS AND TAX CREDITS ARE PASSED THROUGH TO AND ARE REPORTED BY THEIR OWNERS ON THEIR RESPECTIVE INCOME TAX RETURNS. THE AFFILIATES' FEDERAL TAX STATUS AS PASS-THROUGH ENTITIES IS BASED ON THEIR LEGAL STATUS. THE AFFILIATES ARE REQUIRED TO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE AFFILIATES HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. 1 IDA SAVINGS MATCH PROGRAM 192 360893 COMMUNITY BLOCK DEVELOPMENT GRANT PROGRAM 197 521710 PART I, LINE 2: THE ADMINISTRATIVE TASKS ASSOCIATED WITH THE GRANT IS THE SHARED RESPONSIBILITY OF THE GRANTS MANAGER AND THE GRANT PROJECT LEAD. GRANT REVENUE IS RECOGNIZED IN PERIOD RECEIVED AND UNCONDITIONAL PROMISES TO PAY ARE RECOGNIZED AT FMV. FUNDS RECEIVED FOR SPECIFIC PURPOSES ARE ACCOUNTED FOR IN SEPARATE FUNDS AND CLASSIFIED BY THE APPROPRIATE CLASS. DISPOSITION OF PROGRAM INCOME IS HANDLED ACCORDING TO METHODS PROVIDED FOR IN GRANT AGREEMENTS. FINANCIAL REPORTS ARE SENT TO DONORS SUMMARIZING THE RECEIPT, USE, MANAGEMENT AND DISPOSITION OF ALL GRANTS AND CONTRIBUTIONS UPON REQUEST OR DONOR REQUIREMENT. X 0 0 0 0 0 0 0 0 0 ERICA MILLS CEO 137308 0 0 0 0 0 5979 0 21015 0 164302 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED AND APPROVED BY THE CEO AND THE BOARD BEFORE SIGNING. FORM 990, PART VI, SECTION B, LINE 12C MONTHLY BOARD MEETINGS ARE HELD TO REVIEW AND DISCUSS POLICIES. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS DOES AN ANNUAL REVIEW OF THE CEO AND APPROVES HIS/HER SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: DECONSOLIDATION OF UMPQUA UCAN LLC -2,018,264. 730 SE CASS STREET LLC 605 SE KANE STREET ROSEBURG OR 97470 931057208 LOW-INCOME HOUSING OR 0 0 UMPQUA COMMUNITY DEVELOPMENT CORP CODDINGTON PLACE APTS 1677 NEWMARK AVE COOS BAY OR 97420 260406912 LOW-INCOME HOUSING OR 84906 1097248 UMPQUA COMMUNITY DEVELOPMENT CORP COQUILLE HILLSIDE LLC 605 SE KANE STREET ROSEBURG OR 97470 931057028 LOW-INCOME HOUSING OR 0 0 UMPQUA COMMUNITY DEVELOPMENT CORP DOUGLAS AVENUE HOUSING LLC 605 SE KANE STREET ROSEBURG OR 97470 834450823 LOW-INCOME HOUSING OR 0 0 UMPQUA COMMUNITY DEVELOPMENT CORP GRAND APTS 605 SE KANE STREET ROSEBURG OR 97470 270039429 LOW-INCOME HOUSING OR 343196 3369091 UMPQUA COMMUNITY DEVELOPMENT CORP HISTORIC KOHLHAGEN APTS 825 SE JACKSON STREET ROSEBURG OR 97470 812322031 LOW-INCOME HOUSING OR 489080 2018389 UMPQUA COMMUNITY DEVELOPMENT CORP JEFFERSON GROVE LLC 605 SE KANE STREET ROSEBURG OR 97470 931057028 LOW-INCOME HOUSING OR 0 0 UMPQUA COMMUNITY DEVELOPMENT CORP MYRTLE TERRACE APTS 1135 SIMPSON LANE MYRTLE CREEK OR 97457 911852487 LOW-INCOME HOUSING OR 24620 105233 UMPQUA COMMUNITY DEVELOPMENT CORP NEWTON CREEK MANOR 499 NE STERLING DRIVE ROSEBURG OR 97470 931057208 LOW-INCOME HOUSING OR 316436 2690634 UMPQUA COMMUNITY DEVELOPMENT CORP PRINCETON APTS 840 W PRINCETON ST ROSEBURG OR 97471 931057208 LOW-INCOME HOUSING OR 232043 146580 UMPQUA COMMUNITY DEVELOPMENT CORP ROSE APARTMENTS 2018 LLC 605 SE KANE STREET ROSEBURG OR 97470 831683433 LOW-INCOME HOUSING OR 575542 2411072 UMPQUA COMMUNITY DEVELOPMENT CORP STAGECOACH APTS 601-681 STAGECOACH RD CANYONVILLE OR 97417 931279849 LOW-INCOME HOUSING OR 351612 1086182 UMPQUA COMMUNITY DEVELOPMENT CORP SUNSET APTS 1800 NE SUNSET ST ROSEBURG OR 97470 931179222 LOW-INCOME HOUSING OR 261625 775378 UMPQUA COMMUNITY DEVELOPMENT CORP UMPQUA COASTAL LLC 605 SE KANE STREET ROSEBURG OR 97470 931057208 LOW-INCOME HOUSING OR 0 0 UMPQUA COMMUNITY DEVELOPMENT CORP UMPQUA GA LLC 605 SE KANE STREET ROSEBURG OR 97470 931057208 LOW-INCOME HOUSING OR 0 0 UMPQUA COMMUNITY DEVELOPMENT CORP HEARTWOOD RESOURCES 605 SE KANE ST ROSEBURG OR 97470 931329192 RESOURCED BUILDING MATERIAL SALES OR 501(C)(3) LINE 10 UMPQUA COMMUNITY DEVELOPMENT CORPORATION 1 BROOKSIDE SENIOR HOUSING LP 605 SW KANE ST ROSEBURG OR 97470 274086149 LOW-INCOME HOUSING OR BROOKSIDE COURT APARTMENTS LLC RELATED -24 2018469 0 1 0.00010 DEER CREEK VILLAGE LLC 605 SW KANE ST ROSEBURG OR 97470 834450823 LOW-INCOME HOUSING OR DOUGLAS AVENUE HOUSING LLC RELATED -42 2026070 0 1 0.00010 NORTH BEND HOTEL APARTMENTS LP 605 SW KANE ST ROSEBURG OR 97470 201376486 LOW-INCOME HOUSING OR NEIGHBOR WORKS UMPQUA RELATED -32 2306308 0 1 0.00010 BROOKSIDE COURT APARTMENTS LLC 605 SE KANE ST ROSEBURG OR 97470 271357177 LOW-INCOME HOUSING OR UMPQUA COMMUNITY DEVELOPMENT CORP C -24 2018306 1.00000 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 HEARTWOOD RESOURCES D 182452 FMV DEER CREEK VILLAGE LLC D 1949033 FMV BROOKSIDE COURT APARTMENTS LLC D 1963709 FMV NORTH BEND HOTEL APARTMENTS LP D 1733369 FMV