Verde EIN 20-3685723

Verde FY2022 filing

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Builds environmental wealth through social enterprise, outreach, and advocacy. For fiscal year 2022 it reported $3.4M in revenue, $3.5M in expenses, and $2.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Employment
Location
Portland, OR
Website
www.verdenw.org
Filings
6 on file (2020–2022)
Revenue
$3.4MFY2022
Expenses
$3.5M
Net assets
$2.9M
People
13
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-3685723 Public charity (501(c)(3)) Portland, OR
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 8/26/26 · see original: IRS
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Size
$1–10M
What they do
Builds environmental wealth through social enterprise, outreach, and advocacy.
Leadership
Candace Avalos · Executive Dir. · $59K
Money in and out
$3.4M revenue, $3.5M expenses
Bottom line
81% program efficiency
Where the money goes · FY2022
Total revenue
$3.4M
Pt VIII · Ln 12
Total expenses
$3.5M
Pt IX · Ln 25
Net assets
$2.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$98K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.16 Fundraising $0.03
Program efficiency
81%
of spending reaches programs
Operating runway
8.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$3.4M
FY2022▼ -17%
Expenses
$3.5M
FY2022▲ +46%
Total assets
$3.3M
FY2022▲ +0.7%
Total liabilities
$430K
FY2022▲ +38%
Total revenue
$3.4M
Pt VIII · Ln 12
Total expenses
$3.5M
Pt IX · Ln 25
Net assets
$2.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$98K
Total assetsPt X · Ln 16$3.3M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $1.9M of program spending, described in the organization's own filed words · FY2021.
01

Verde Builds

Verde builds is a licensed and bonded commercial general contractor level 2 in the state of oregon. Verde builds was established to create contract opportunities with minority-owned and women-owned businesses and to provide workforce development opportunities for people who come from low-income, people-of-color communities who are often…

$825Kprogram expense
02

Energy, Climate & Transportation

The energy, climate & transportation program builds the power of low-income people and people of color through education, grassroots organizing, and policy advocacy to create policy and investments to benefit low-income and people of color communities.

$594Kprogram expense
03

Suma

Verde serves as suma's fiscal sponsor per a written fiscal sponsorship agreement. In support of its charitable purpose, suma carries out the following activities: digital organizing - suma works with verde and other partners to build technology capacity in frontline communities; digital enterprise - suma works with verde and other…

$489Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVerde
EINHdr · item D20-3685723
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jwww.verdenw.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J220)
Ruling yearIRS BMFOct 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Dir.
$58,849Pt VII · Sec A
Interim E.d.
$18,751Pt VII · Sec A
Former E.d.
$12,237Pt VII · Sec A
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Candace Avalos’s $120K as Past Exec Dir is at the 43rd percentile of top reported officer pay among 1236 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Candace Avalos$120,000$109,692$96,538$58,849
Tony Defalco$12,237$87,400$87,373
Ricardo Moreno$18,751

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$2.7M · 80%
Program service revenue$665K · 20%
Contributions & grants80%$2.7M
Program service revenue20%$665K
Investment income$955
Other revenue$3K
— government grantsLn 1e$1.1M
Total revenueLn 12$3.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.16 Fundraising $0.03
Program services81%$2.8M
Management & general16%$544K
Fundraising3%$117K
Total functional expensesLn 25$3.5M

Balance Sheet

Part X · end of year
CashLn 1$2.6M
Total assetsLn 16$3.3M
Total liabilitiesLn 26$430K
Total net assetsLn 32$2.9M
Months of cash on handcomputed8.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.6M · Operating expenses/yr $3.5M
8.9 months
Where the money goes
Program services
Program services $2.8M · Total expenses $3.5M
81%
Management & General
Management & general $544K · Total expenses $3.5M
16%
Fundraising
Fundraising $117K · Total expenses $3.5M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $111K · Solicited contributions (3-yr avg) $1.9M
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.7M · Total revenue $3.4M
80%
Government reliance
Government grants $1.1M · Total revenue $3.4M
33%
Earned-income share
Program service revenue $665K · Total revenue $3.4M
20%
Investment reliance
Investment income $955 · Total revenue $3.4M
+0.03%
Program self-sufficiency
Program service revenue $665K · Total expenses $3.5M
19%
Growth & trend
Revenue growth (YoY)
This year $3.4M · Prior year $4.1M
-17%
Net-asset trend (YoY)
End of year $2.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.4M · Expenses $3.5M
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $3.3M
Net-asset ratio
Net assets $2.9M · Total assets $3.3M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $3.3M
0%
People & payroll
Highest Reported Total Compensation
Individual Candace Avalos · Reported title Executive Dir. · Highest reported compensation $59K · Total expenses $3.5M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.6M · Total expenses $3.5M
46%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 16%
Fundraising cost ratio 4%
Revenue growth -17%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Windward FundFY2024$100K
Total grants receivedfrom 19 funders$1.4M
See all 19 funders →
Grants paid · 1 grant · $112K · 2023–2023
SumaOR · FY2023$112,260

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$4.1M revenue · ⤓ 990 PDF
FY2024$5.4M revenue · ⤓ 990 PDF
FY2023$4.0M revenue · ⤓ 990 PDF
FY2022$3.4M revenue · viewing · ⤓ 990 PDF
FY2021$4.1M revenue · ⤓ 990 PDF
FY2020$2.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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