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Powers Housing Development INC

Tax-deductible

North Bend, OR501(c)(3)Since 1982Housing EIN 93-0764167Revenue $407K in FY2026

On file with the IRS1700 Monroe St, 97459-3553 · North Bend, ORTax-exempt since Jul 1980Publicly supported charity — 170(b)(1)(A)(vi)

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Low income Housing

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2026 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $28K a year · 9% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$615K
76% of total assets
Worth a look: liabilities are 76% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$407K
+32% vs prior year
Spent
$379K
To programs
73%
Net assets
$195K
By yearFY2021–FY2026
Revenue
$407K
FY2026▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2021$271K
FY2022$282K
FY2023$199K
FY2024$435K
FY2025$308K
FY2026$407K
Expenses
$379K
FY2026▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2021$280K
FY2022$294K
FY2023$383K
FY2024$348K
FY2025$384K
FY2026$379K
Net assets
$195K
FY2026▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2021$351K
FY2022$340K
FY2023$156K
FY2024$243K
FY2025$167K
FY2026$195K

From the FY2026 Form 990 (year ending March 2026) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jul 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $275K Management & general 27% · $104K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
Craig Rector
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Ray Parkhurst
Vice President
$0Pt VII · Sec A
Matthew Vorderstrasse
Executive Dir. of Mgmt Company
$0Pt VII · Sec A
See Powers Housing Development INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Powers Housing Development INC is a housing nonprofit based in North Bend, OR, formed in 1982.

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Provided by the organization

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1 program · $275K · in their own filed words · FY2025
01

Housing project under sec 8 for disabled and elderly (26 units)

$275Kprogram expense

By the numbers

The FY2026 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$407K
Ln 12
Fees for servicesLn 2g$264K
Gifts and grantsLn 1h$136K
Other incomeLn 4–11$6K
Money outPt IX
$379K
Ln 25
Programscol B$275K
Managementcol C$104K
Owns and owesPt X
$195K
net assets · Ln 32
Cash and savingsLn 1–2$187
Total assetsLn 16$810K
LiabilitiesLn 26$615K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$136K
Government grantsLn 1e$79K
Fees for servicesLn 2g$264K
Investment incomeLn 3$1K
Other incomeLn 4–11$6K
Total revenueLn 12$407K
Assets in detailPt X, end of year
CashLn 1$187
Cash and savings togetherLn 1–2$187
Land, buildings, equipmentLn 10c$416K
Other assetsLn 15$356K
Total assetsLn 16$810K
LiabilitiesLn 26$615K
Net assetsLn 32$195K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY26End FY26
Cash and savingsLn 1–2$984$187
Land, buildings, equipmentLn 10c$438K$416K
Total assetsLn 16$556K$810K
LiabilitiesLn 26$388K$615K
Net assetsLn 32$167K$195K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$17K$17K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$138K$90K$48K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$23K$20K$3K
TravelLn 17$4K$4K
InterestLn 20$22K$22K
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$89K$89K
All other expensesLn 24e$20K$20K$397
Total functional expensesLn 25$379K$275K$104K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $407K$379K$28K$195K 990 PDF
FY2025 $308K$384K−$75K$167K 990 PDF
FY2024 $435K$348K$87K$243K 990 PDF
FY2023 $199K$383K−$184K$156K 990 PDF
FY2022 $282K$294K−$11K$340K 990 PDF
FY2021 $271K$280K−$10K$351K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2026 990 (6 parts)
Part I · Summary $407,115 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $47,081$136,159
I-9 Program service revenuePrior year $258,699$263,946
I-10 Investment incomePrior year $1,630$1,181
I-11 Other revenuePrior year $855$5,829
I-12 Total revenuePrior year $308,265$407,115
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $132,070$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $251,622$379,083
I-18 Total expensesPrior year $383,692$379,083
I-19 Revenue less expensesPrior year −$75,427$28,032
Part VI · Governance 3 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $407,115 across 7 lines filed
VIII-1e Government grants$78,714
VIII-1f All other contributions, gifts and grants$57,445
VIII-1h Total contributions, gifts and grants$136,159
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $263,946$263,946
VIII-3 Investment incomeExcluded from tax $1,181$1,181
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,829$5,829
VIII-12 Total revenueRelated to mission $269,775 · Unrelated business $0 · Excluded from tax $1,181$407,115
Part IX · Statement of functional expenses $379,083 across 12 lines filed
IX-11a Management feesManagement $16,965$16,965
IX-11b Legal feesPrograms $7,731$7,731
IX-11c Accounting feesManagement $20,350$20,350
IX-11g Other fees for servicesPrograms $90,021 · Management $47,867$137,888
IX-12 Advertising and promotionPrograms $1,200$1,200
IX-13 Office expensesPrograms $19,942 · Management $3,322$23,264
IX-17 TravelPrograms $4,281$4,281
IX-20 InterestPrograms $22,417$22,417
IX-22 Depreciation, depletion and amortizationPrograms $21,492$21,492
IX-23 InsuranceManagement $14,885$14,885
IX-24 Other expenses (24a–d)Programs $88,528$88,528
IX-24e All other expensesPrograms $19,685 · Management $397$20,082
IX-25 Total functional expensesPrograms $275,297 · Management $103,786 · Fundraising $0$379,083
Part X · Balance sheet $810,481 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $984$187
X-4 Accounts receivableStart of year $177$17,670
X-8 Inventories for sale or useStart of year $7,996$8,616
X-9 Prepaid expenses and deferred chargesStart of year $12,611$11,745
X-10c Land, buildings and equipment, netStart of year $437,604$416,112
X-15 Other assetsStart of year $96,230$356,151
X-16 Total assetsStart of year $555,602$810,481
X-17 Accounts payable and accrued expensesStart of year $39,826$36,327
X-25 Other liabilitiesStart of year $7,743$252,691
X-26 Total liabilitiesStart of year $388,185$615,032
X-27 Net assets without donor restrictionsStart of year $167,417$195,449
X-32 Total net assets or fund balancesStart of year $167,417$195,449
X-33 Total liabilities and net assetsStart of year $555,602$810,481
Part XI · Reconciliation of net assets $195,449 net assets at year end
XI-1 Total revenue$407,115
XI-2 Total expenses$379,083
XI-3 Revenue less expenses$28,032
XI-4 Net assets at start of year$167,417
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$195,449

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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