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Cascade Housing Association FY2023 filing

Tax-deductible

Springfield, OR501(c)(3)Since 1993 EIN 93-1133639Revenue $14.9M in FY2023

On file with the IRScascadehousing.orgPo Box 182, 97477-0025 · Springfield, ORTax-exempt since Nov 1994Publicly supported — 509(a)(2)

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Cascade Housing Association is organized for the purpose of relieving the situation of the poor and impoverished. The organization's most significant function, to date, has been to provide decent affordable rental Housing to persons/households with qualified low incomes, as determined by various federal and state agencies.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$344K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $477K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$344K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 18.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$68.6M
80% of total assets
Worth a look: liabilities are 80% of assets; over 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.9M
+10% vs prior year
Spent
$15.2M
To programs
99%
Net assets
$17.2M
By yearFY2020–FY2024
Revenue
$14.9M
FY2023▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$12.3M
FY2021$13.3M
FY2022$13.5M
FY2023$14.9M
FY2024$15.8M
Expenses
$15.2M
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$11.2M
FY2021$10.9M
FY2022$14.0M
FY2023$15.2M
FY2024$16.2M
Net assets
$17.2M
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$21.0M
FY2021$18.0M
FY2022$17.5M
FY2023$17.2M
FY2024$16.9M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1994.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $15.0M Management & general 1% · $161K

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

9 people listed on the 990; $344K paid to officers and key staff.

Part VII, Section A · reportable compensation
Kristi Isham
Secretary
$187,786Pt VII · Sec A
$139,571Pt VII · Sec A
$2,400Pt VII · Sec A
$2,400Pt VII · Sec A
Tyler Mack
Director
$2,400Pt VII · Sec A
$2,400Pt VII · Sec A
$2,400Pt VII · Sec A
$2,400Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kristi Isham$171,900$187,786$140,717$124,114$142,476
Michelle Martin—$139,571$128,383$112,946$132,027
Rodger Terrall$2,400$2,400$800$800$800
Connor Beckley$2,400$2,400$600$800$800
Mildred Burke$2,400$2,400$800$800$800
Lida Herburger$2,400$2,400$600——
Brenda Hanssen$2,400$2,400———
Tyler Mack$2,400$2,400$800$800$200

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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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 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides affordable rental housing to low-income individuals and families.

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Provided by the organization

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2 programs · $15.0M · in their own filed words · FY2023
01

Expenses related to the management and operation of a total of 978 units of existing affordable rental housing for low-income individuals and families. The apartment complexes are: boulder creek housing (156 units in oroville, ca); truckee pines (104 units in truckee, ca); fawnbrook investments LLC (160 units in twin falls, id); marsh…

$14.3Mprogram expense
02

Expenses related to management, development and construction of housing units for low income individuals and families.

$751Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $35K · 2022–2024
Lifesteps INCPA · FY2024$15,000
Sierra College FoundationCA · FY2022$20,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$14.9M
Ln 12
Fees for servicesLn 2g$14.0M
Investment incomeLn 3$882K
Money outPt IX
$15.2M
Ln 25
Programscol B$15.0M
Managementcol C$161K
Owns and owesPt X
$17.2M
net assets · Ln 32
Cash and savingsLn 1–2$23.8M
Total assetsLn 16$85.8M
LiabilitiesLn 26$68.6M
PeoplePt VI, VII
9
listed · VII A
PaidVII A9
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$14.0M
Investment incomeLn 3$882K
Total revenueLn 12$14.9M
Assets in detailPt X, end of year
CashLn 1$639K
SavingsLn 2$23.2M
Cash and savings togetherLn 1–2$23.8M
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$57.8M
Other assetsLn 15$1.3M
Total assetsLn 16$85.8M
LiabilitiesLn 26$68.6M
Net assetsLn 32$17.2M
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$22.3M$23.8M
InvestmentsLn 11–13$1.1M$1.1M
Land, buildings, equipmentLn 10c$60.2M$57.8M
Total assetsLn 16$86.7M$85.8M
LiabilitiesLn 26$69.1M$68.6M
Net assetsLn 32$17.5M$17.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$353K$320K$34K
Other salaries and wagesLn 7$151K$136K$15K
Other employee benefitsLn 9$38K$34K$4K
Payroll taxesLn 10$43K$38K$4K
Management feesLn 11a$759K$759K
Legal feesLn 11b$232K$171K$61K
Accounting feesLn 11c$51K$51K$600
Other fees for servicesLn 11g$3K$139$3K
Advertising and promotionLn 12$20K$20K
Office expensesLn 13$139K$137K$2K
Information technologyLn 14$130K$130K
OccupancyLn 16$5.8M$5.8M$10K
TravelLn 17$31K$14K$17K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$2.6M$2.6M
Depreciation, depletion and amortizationLn 22$2.5M$2.5M$2K
Other expenses (24a–d)Ln 24$2.2M$2.2M$6K
All other expensesLn 24e$113K$110K$3K
Total functional expensesLn 25$15.2M$15.0M$161K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $15.8M$16.2M−$376K$16.9M 990 PDF
FY2023 Viewing $14.9M$15.2M−$319K$17.2M 990 PDF
FY2022 $13.5M$14.0M−$430K$17.5M 990 PDF
FY2021 $13.3M$10.9M$2.4M$18.0M 990 PDF
FY2020 $12.3M$11.2M$1.1M$21.0M 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 J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $14,861,897 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $13,330,727$13,980,067
I-10 Investment incomePrior year $216,239$881,830
I-11 Other revenue$0
I-12 Total revenuePrior year $13,546,966$14,861,897
I-13 Grants and similar amounts paidPrior year $20,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $612,345$584,845
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $13,344,787$14,596,280
I-18 Total expensesPrior year $13,977,132$15,181,125
I-19 Revenue less expensesPrior year −$430,166−$319,228
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $14,861,897 across 3 lines filed
Lines not itemized here account for $31,047 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,949,020$13,949,020
VIII-3 Investment incomeExcluded from tax $881,830$881,830
VIII-12 Total revenueRelated to mission $13,980,067 · Excluded from tax $881,830$14,861,897
Part IX · Statement of functional expenses $15,181,125 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $319,616 · Management $33,647$353,263
IX-7 Other salaries and wagesPrograms $135,650 · Management $15,072$150,722
IX-9 Other employee benefitsPrograms $34,284 · Management $3,809$38,093
IX-10 Payroll taxesPrograms $38,490 · Management $4,277$42,767
IX-11a Management feesPrograms $759,177$759,177
IX-11b Legal feesPrograms $171,404 · Management $60,538$231,942
IX-11c Accounting feesPrograms $50,610 · Management $600$51,210
IX-11g Other fees for servicesPrograms $139 · Management $3,150$3,289
IX-12 Advertising and promotionPrograms $19,576$19,576
IX-13 Office expensesPrograms $136,985 · Management $1,600$138,585
IX-14 Information technologyPrograms $130,381$130,381
IX-16 OccupancyPrograms $5,766,358 · Management $9,669$5,776,027
IX-17 TravelPrograms $14,218 · Management $16,800$31,018
IX-19 Conferences, conventions and meetingsManagement $1,710$1,710
IX-20 InterestPrograms $2,644,447$2,644,447
IX-22 Depreciation, depletion and amortizationPrograms $2,463,320 · Management $1,755$2,465,075
IX-24 Other expenses (24a–d)Programs $2,225,508 · Management $5,588$2,231,096
IX-24e All other expensesPrograms $110,030 · Management $2,717$112,747
IX-25 Total functional expensesPrograms $15,020,193 · Management $160,932 · Fundraising $0$15,181,125
Part X · Balance sheet $85,818,531 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $5,407,220$638,791
X-2 Savings and temporary cash investmentsStart of year $16,887,225$23,209,854
X-4 Accounts receivableStart of year $1,504,163$1,354,205
X-9 Prepaid expenses and deferred chargesStart of year $322,460$408,571
X-10c Land, buildings and equipment, netStart of year $60,227,702$57,829,636
X-13 Program-related investmentsStart of year $1,101,917$1,088,379
X-15 Other assetsStart of year $961,815$1,289,095
X-16 Total assetsStart of year $86,699,113$85,818,531
X-17 Accounts payable and accrued expensesStart of year $535,478$1,609,334
X-19 Deferred revenueStart of year $49,280$49,380
X-25 Other liabilitiesStart of year $6,818,575$6,969,424
X-26 Total liabilitiesStart of year $69,149,725$68,588,371
X-27 Net assets without donor restrictionsStart of year $17,549,388$17,230,160
X-32 Total net assets or fund balancesStart of year $17,549,388$17,230,160
X-33 Total liabilities and net assetsStart of year $86,699,113$85,818,531
Part XI · Reconciliation of net assets $17,230,160 net assets at year end
XI-1 Total revenue$14,861,897
XI-2 Total expenses$15,181,125
XI-3 Revenue less expenses−$319,228
XI-4 Net assets at start of year$17,549,388
XI-10 Net assets at end of year$17,230,160

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

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