Low income Housing

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$420K
73% of total assets
Worth a look: liabilities are 73% 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
$199K
-30% vs prior year
Spent
$383K
To programs
80%
Net assets
$156K
By yearFY2021–FY2026
Revenue
$199K
FY2023▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2021$271K
FY2022$282K
FY2023$199K
FY2024$435K
FY2025$308K
FY2026$407K
Expenses
$383K
FY2023▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2021$280K
FY2022$294K
FY2023$383K
FY2024$348K
FY2025$384K
FY2026$379K
Net assets
$156K
FY2023▼ -54%
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 FY2023 Form 990 (year ending March 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2026) →

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

80 cents of each dollar spent went to programs.

Program services 80% · $305K Management & general 20% · $78K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$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 2No
  • 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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1 program · $305K · in their own filed words · FY2022
01

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

$305Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$199K
Ln 12
Fees for servicesLn 2g$243K
Gifts and grantsLn 1h$54K
Investment incomeLn 3$81
Money outPt IX
$383K
Ln 25
Programscol B$305K
Managementcol C$78K
Owns and owesPt X
$156K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$576K
LiabilitiesLn 26$420K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$54K
Government grantsLn 1e$54K
Fees for servicesLn 2g$243K
Investment incomeLn 3$81
Gains on assetsLn 7−$99K
Total revenueLn 12$199K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$0
Cash and savings togetherLn 1–2$11K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$354K
Other assetsLn 15$178K
Total assetsLn 16$576K
LiabilitiesLn 26$420K
Net assetsLn 32$156K
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 FY23End FY23
Cash and savingsLn 1–2$24K$11K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$310K$354K
Total assetsLn 16$737K$576K
LiabilitiesLn 26$397K$420K
Net assetsLn 32$340K$156K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$30K$17K$13K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$8K$8K
Payroll taxesLn 10$2K$2K
Management feesLn 11a$0
Legal feesLn 11b$192$192
Accounting feesLn 11c$19K$19K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$14K$14K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$22K$22K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$51K$44K$7K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$190K$175K$15K
All other expensesLn 24e$25K$18K$7K
Total functional expensesLn 25$383K$305K$78K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $407K$379K$28K$195K 990 PDF
FY2025 $308K$384K−$75K$167K 990 PDF
FY2024 $435K$348K$87K$243K 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $198,939 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $54,772$54,356
I-9 Program service revenuePrior year $227,418$243,082
I-10 Investment incomePrior year $133−$98,499
I-11 Other revenue$0
I-12 Total revenuePrior year $282,323$198,939
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$39,929
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $293,597$342,800
I-18 Total expensesPrior year $293,597$382,729
I-19 Revenue less expensesPrior year −$11,274−$183,790
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $198,939 across 9 lines filed
VIII-1e Government grants$54,356
VIII-1h Total contributions, gifts and grants$54,356
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $243,082$243,082
VIII-3 Investment incomeExcluded from tax $81$81
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$98,580−$98,580
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $243,082 · Excluded from tax −$98,499$198,939
Part IX · Statement of functional expenses $382,729 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $16,739 · Management $13,245$29,984
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $7,652$7,652
IX-10 Payroll taxesPrograms $2,293$2,293
IX-11a Management fees$0
IX-11b Legal feesManagement $192$192
IX-11c Accounting feesManagement $19,000$19,000
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionManagement $1,085$1,085
IX-13 Office expensesManagement $14,440$14,440
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $22,191$22,191
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $44,081 · Management $7,352$51,433
IX-23 InsurancePrograms $18,748$18,748
IX-24 Other expenses (24a–d)Programs $174,838 · Management $15,386$190,224
IX-24e All other expensesPrograms $18,072 · Management $7,415$25,487
IX-25 Total functional expensesPrograms $304,614 · Management $78,115 · Fundraising $0$382,729
Part X · Balance sheet $575,916 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $23,985$11,027
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $12,260$12,075
X-4 Accounts receivableStart of year $2,493$1,830
X-8 Inventories for sale or useStart of year $4,177$6,707
X-9 Prepaid expenses and deferred chargesStart of year $10,833$11,740
X-10c Land, buildings and equipment, netStart of year $310,474$354,294
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $372,460$178,243
X-16 Total assetsStart of year $736,682$575,916
X-17 Accounts payable and accrued expensesStart of year $12,510$46,802
X-25 Other liabilitiesStart of year $7,004$6,958
X-26 Total liabilitiesStart of year $396,643$419,667
X-27 Net assets without donor restrictionsStart of year $340,039$156,249
X-32 Total net assets or fund balancesStart of year $340,039$156,249
X-33 Total liabilities and net assetsStart of year $736,682$575,916
Part XI · Reconciliation of net assets $156,249 net assets at year end
XI-1 Total revenue$198,939
XI-2 Total expenses$382,729
XI-3 Revenue less expenses−$183,790
XI-4 Net assets at start of year$340,039
XI-10 Net assets at end of year$156,249

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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