Rose Community Development Corporation FY2021 filing

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Rose connects our Community to build good homes, healthy families and neighborhood opportunities in outer southeast portland.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$87K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $692K a year · 13% of revenue · last 6 filings
A surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
94% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$87K
to officers and key staff · 2% of spending
Pay to officers and key staff is 2% of spending.
Part VII, Section A
8.5 mo
of spending, in cash
8.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $122K
3 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$42.3M
92% of total assets
Liabilities are 92% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$4.1M
-36% vs prior year
Spent
$5.0M
To programs
94%
Net assets
$3.6M
By yearFY2020–FY2025
Revenue
$4.1M
FY2021▼ -36%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.5M
FY2021$4.1M
FY2022$4.4M
FY2023$4.6M
FY2024$5.5M
FY2025$7.2M
Expenses
$5.0M
FY2021+0.07%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.0M
FY2021$5.0M
FY2022$5.7M
FY2023$7.1M
FY2024$6.6M
FY2025$7.0M
Net assets
$3.6M
FY2021▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.4M
FY2021$3.6M
FY2022$2.3M
FY2023$513K
FY2024−$669K
FY2025−$465K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1996.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $4.7M Management & general 5% · $257K Fundraising 1% · $28K

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

Something off? Claim to add context

Who runs it and what they're paid

14 people listed on the 990; $87K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Di
$86,930Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Nick Sauvie’s $95K as Coexecutive is at the 29th percentile of top reported officer pay among 2036 $1–10M housing 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Nick Sauvie$94,949$92,590$92,590$95,846$86,930$95,006
Ana Meza Ramos$77,787$72,859$72,859$64,275——

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.

See Rose Community Development Corporation executive salaries →

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

Programs and updates

Builds good homes, healthy families, and neighborhood opportunities in outer southeast Portland.

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3 programs · $4.7M · in their own filed words · FY2020
01

Housing

Rose develops affordable housing for rent and sale to low- income households. We manage a portfolio of rental housing to provide good homes for low-income residents. We currently operate 469 affordable housing units. During fy 2021 we completed the rehab of marla manor.

$4.3Mprogram expense
02

Resident Services

Rose supports the residents of our affordable housing communities with activities designed to help families succeed and create economic opportunities. Examples include after school programs, summer enrichment, employment, health promotion, community gardens, recreational activities and social events.

$207Kprogram expense
03

Community Development

Rose organizes a variety of neighborhood improvement projects identified by members of our communities. These projects include economic development, place making, parks and child care.

$163Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Seeding JusticeFY2024$15K
Total grants receivedfrom 3 funders$122K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.1M
Ln 12
Fees for servicesLn 2g$3.4M
Gifts and grantsLn 1h$625K
Other incomeLn 4–11$55K
Money outPt IX
$5.0M
Ln 25
Programscol B$4.7M
Managementcol C$257K
Fundraisingcol D$28K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$45.9M
LiabilitiesLn 26$42.3M
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$625K
Fees for servicesLn 2g$3.4M
Investment incomeLn 3$20K
Other incomeLn 4–11$55K
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$2.5M
Cash and savings togetherLn 1–2$3.5M
Pledges and grants receivableLn 3$229K
Accounts receivableLn 4$211K
Notes and loans receivableLn 7$1.1M
Prepaid expenses and deferred chargesLn 9$44K
Land, buildings, equipmentLn 10c$40.9M
InvestmentsLn 11–13$100
Total assetsLn 16$45.9M
LiabilitiesLn 26$42.3M
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 57
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$1.7M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$1.8M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.3M$3.5M
InvestmentsLn 11–13$134K$100
Land, buildings, equipmentLn 10c$38.7M$40.9M
Total assetsLn 16$45.0M$45.9M
LiabilitiesLn 26$40.5M$42.3M
Net assetsLn 32$4.4M$3.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$87K$66K$18K$3K
Other salaries and wagesLn 7$287K$209K$66K$12K
Other employee benefitsLn 9$65K$48K$15K$3K
Payroll taxesLn 10$38K$28K$9K$2K
Other fees for servicesLn 11g$105K$69K$35K$1K
Office expensesLn 13$40K$31K$5K$4K
OccupancyLn 16$13K$8K$4K$808
InterestLn 20$907K$906K$948
Depreciation, depletion and amortizationLn 22$1.2M$1.2M$3K$470
InsuranceLn 23$5K$4K$1K$219
Other expenses (24a–d)Ln 24$2.0M$1.9M$100K$544
All other expensesLn 24e$258K$257K$975$894
Total functional expensesLn 25$5.0M$4.7M$257K$28K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $7.2M$7.0M$204K−$465K 990 PDF
FY2024Filed with the IRS Feb 6, 2025 $5.5M$6.6M−$1.2M−$669K 990 PDF
FY2023Filed with the IRS Jun 12, 2024 $4.6M$7.1M−$2.5M$513K 990 PDF
FY2022Filed with the IRS May 15, 2023 $4.4M$5.7M−$1.3M$2.3M 990 PDF
FY2021 ViewingFiled with the IRS Mar 1, 2022 $4.1M$5.0M−$858K$3.6M 990 PDF
FY2020Filed with the IRS Apr 27, 2021 $6.5M$5.0M$1.5M$4.4M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $4,147,023 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,464,416$624,756
I-9 Program service revenuePrior year $4,910,779$3,447,245
I-10 Investment incomePrior year $22,159$19,950
I-11 Other revenuePrior year $100,746$55,072
I-12 Total revenuePrior year $6,498,100$4,147,023
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $504,183$477,526
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,497,134$4,527,108
I-18 Total expensesPrior year $5,001,317$5,004,634
I-19 Revenue less expensesPrior year $1,496,783−$857,611
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,147,023 across 6 lines filed
VIII-1f All other contributions, gifts and grants$624,756
VIII-1h Total contributions, gifts and grants$624,756
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,447,245$3,447,245
VIII-3 Investment incomeRelated to mission $19,950$19,950
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $55,072$55,072
VIII-12 Total revenueRelated to mission $3,467,195 · Excluded from tax $55,072$4,147,023
Part IX · Statement of functional expenses $5,004,634 across 12 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $65,644 · Management $18,025 · Fundraising $3,261$86,930
IX-7 Other salaries and wagesPrograms $208,708 · Management $66,488 · Fundraising $12,029$287,225
IX-9 Other employee benefitsPrograms $48,020 · Management $14,792 · Fundraising $2,676$65,488
IX-10 Payroll taxesPrograms $27,778 · Management $8,557 · Fundraising $1,548$37,883
IX-11g Other fees for servicesPrograms $68,737 · Management $34,571 · Fundraising $1,415$104,723
IX-13 Office expensesPrograms $30,756 · Management $4,669 · Fundraising $4,480$39,905
IX-16 OccupancyPrograms $8,125 · Management $3,931 · Fundraising $808$12,864
IX-20 InterestPrograms $905,873 · Management $948$906,821
IX-22 Depreciation, depletion and amortizationPrograms $1,211,959 · Management $3,123 · Fundraising $470$1,215,552
IX-23 InsurancePrograms $3,722 · Management $1,123 · Fundraising $219$5,064
IX-24 Other expenses (24a–d)Programs $1,883,295 · Management $99,848 · Fundraising $544$1,983,687
IX-24e All other expensesPrograms $256,623 · Management $975 · Fundraising $894$258,492
IX-25 Total functional expensesPrograms $4,719,240 · Management $257,050 · Fundraising $28,344$5,004,634
Part X · Balance sheet $45,929,125 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $1,101,302$1,053,542
X-2 Savings and temporary cash investmentsStart of year $2,247,217$2,488,283
X-3 Pledges and grants receivableStart of year $137,472$228,676
X-4 Accounts receivableStart of year $214,633$211,203
X-7 Notes and loans receivableStart of year $2,396,512$1,052,378
X-9 Prepaid expenses and deferred chargesStart of year $30,642$44,435
X-10c Land, buildings and equipment, netStart of year $38,721,947$40,850,508
X-13 Program-related investmentsStart of year $134,182$100
X-16 Total assetsStart of year $44,983,907$45,929,125
X-17 Accounts payable and accrued expensesStart of year $1,066,820$1,244,109
X-20 Tax-exempt bond liabilitiesStart of year $1,742,107$1,699,180
X-23 Secured mortgages and notes payableStart of year $37,524,261$39,177,375
X-25 Other liabilitiesStart of year $206,839$219,601
X-26 Total liabilitiesStart of year $40,540,027$42,340,265
X-27 Net assets without donor restrictionsStart of year $4,090,412$3,206,187
X-28 Net assets with donor restrictionsStart of year $353,468$382,673
X-32 Total net assets or fund balancesStart of year $4,443,880$3,588,860
X-33 Total liabilities and net assetsStart of year $44,983,907$45,929,125
Part XI · Reconciliation of net assets $3,588,860 net assets at year end
XI-1 Total revenue$4,147,023
XI-2 Total expenses$5,004,634
XI-3 Revenue less expenses−$857,611
XI-4 Net assets at start of year$4,443,880
XI-9 Other changes in net assets$2,591
XI-10 Net assets at end of year$3,588,860

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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