2025-05-14T11:52:54-04:00 2024-06-30 911566381 FINNEY NEILL & COMPANY PS 9757 GREENWOOD AVE N SEATTLE WA 98103 990 2023-07-01 931012211 POLK CDC POLK 5038313173 PO BOX 33 DALLAS OR 97338 RITA A GRADY EXECUTIVE DIRECTOR 5038313173 2025-05-09 true true JOSHUA J BREILING CPA P01286663 2062989811 2025-05-11 2023 2025-03-06 01:10:19Z RITA A GRADY PO BOX 33 DALLAS OR 97338 4600834 false X WWW.POLKCDC.ORG X 1989 OR SERVING THE NEEDS OF LOW AND MODERATE INCOME PEOPLE THROUGH COMMUNITY ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING THE DEVELOPMENT AND MANAGEMENT OF AFFORDABLE RENTAL HOUSING, FIRST TIME HOME OWNERSHIP, AND COMMUNITY SELF- HELP ACTIVITIES WITHIN POLK COUNTY, OREGON, AND TO CARRY OUT SUCH ACTIVITIES AND BUSINESS AS MAY BE AUTHORIZED FOR A CORPORATION ORGANIZED UNDER THE OREGON NONPROFIT CORPORATION ACT AND AS A CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3). 9 9 18 9 0 1745064 2079252 1776182 2082076 24709 43839 0 3545955 4205167 540027 375030 0 1047504 1193102 0 217410 2165329 2570896 3752860 4139028 -206905 66139 24286714 25890649 8425656 9963452 15861058 15927197 X SERVING THE NEEDS OF LOW AND MODERATE INCOME PEOPLE THROUGH COMMUNITY ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING THE DEVELOPMENT AND MANAGEMENT OF AFFORDABLE RENTAL HOUSING, FIRST TIME HOME OWNERSHIP, AND COMMUNITY SELF- HELP ACTIVITIES WITHIN POLK COUNTY, OREGON, AND TO CARRY OUT SUCH ACTIVITIES AND BUSINESS AS MAY BE AUTHORIZED FOR A CORPORATION ORGANIZED UNDER THE OREGON NONPROFIT CORPORATION ACT AND AS A CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3). false false 3280010 375030 2095696 TO DEVELOP, OPERATE AND PROVIDE SAFE, QUALITY, AND AFFORDABLE HOUSING. 3280010 true true false false false false false false false false true false false false true true true true false false false false false false false false false false true false false false false false false false false false false false false false true false false false false true 46 0 18 true false false false false false false false false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true true true true OR X RITA GRADY 5038313173 PO BOX 33 DALLAS OR 97338 RITA A GRADY EXECUTIVE DI 40.00 X 124392 0 0 AMY HOUGHTALING PRESIDENT 1.00 X X 0 0 0 LANE SHETTERLY VICE PRESIDE 1.00 X X 0 0 0 LINDA JENNINGS TREASURER 1.00 X X 0 0 0 STEPHANIE TORRES SECRETARY 1.00 X X 0 0 0 ZELLEE ALLEN DIRECTOR 0.50 X 0 0 0 ALEA LITTLETON DIRECTOR 0.50 X 0 0 0 JEREMY GORDON DIRECTOR 0.50 X 0 0 0 KATE COOPER RICHARDSON DIRECTOR 0.50 X 0 0 0 JAVIER CASTANEDA DIRECTOR 0.50 X 0 0 0 124392 1 false false false I & E CONSTRUCTION 9550 SE CLACKAMAS RD CLACKAMAS OR 97015 CONSTRUCTION 3821448 LEIGHS CONSTRUCTION CO LLC 2875 BOLTON TERRACE SALEM OR 97302 CONSTRUCTION 365416 2 2003716 75536 2079252 NET RENTAL REVENUE 531110 2016842 2016842 OTHER FEE INCOME 531110 65016 65016 LAUNDRY INCOME 531110 218 218 2082076 24506 13620 10886 415000 395667 19333 19333 19333 4205167 2095696 30219 375030 375030 131037 39311 13104 78622 869199 526409 294086 48704 14412 8156 4429 1827 95277 54282 29474 11521 83177 47070 25560 10547 8854 906 7948 38895 3979 34916 27753 24192 3561 125438 33050 92388 49725 13103 36622 15734 4146 11588 298013 280346 17667 1057616 1057616 197929 193275 4654 UTILITIES 294018 289935 4083 MAINTENANCE 231960 204178 27782 PROPERTY TAXES 122918 120028 2890 102043 4998 30856 66189 4139028 3280010 641608 217410 431564 815271 719521 1417195 332962 346821 29476 181771 467265 545112 73913 87020 36675408 14647234 21326691 22028174 356032 320565 549290 148720 24286714 25890649 810046 586390 20796 25022 6964760 8738834 630054 613206 8425656 9963452 X 13768846 14035415 2092212 1891782 15861058 15927197 24286714 25890649 66139 X false true X true true true X 715345 2432395 3813955 1745064 2079252 10786011 715345 2432395 3813955 1745064 2079252 10786011 10786011 606 392 397 9373 10886 21654 10807665 7894371 0.99800 0.99850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2657212 2657212 33462427 14137749 19324678 555769 509485 46284 22028174 DUE TO REVOLVING FUND 468001 TENANT SECURITY DEPOSITS 145205 613206 X 4205167 4205167 4205167 4139028 4139028 4139028 SCHEDULE D, PAGE 3, PART X THE CORPORATION ACCOUNTS FOR TAX POSITIONS IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES. WITH FEW EXCEPTIONS, THE CORPORATION IS SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE PRIOR THREE YEARS. MANAGEMENT HAS REVIEWED THE CORPORATION'S TAX POSITIONS AND DETERMINED THERE WERE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023. true HOME REHAB, LOW-INCOME 31 368915 FINANCIAL ASSISTANCE 122 6115 SCHEDULE I, PAGE 1, PART I, LINE 2 SELECTION CRITERIA IS DICTATED BY GRANT AGREEMENTS, AND APPLICATIONS WITH SUPPORTING DOCUMENTATION ARE REVIEWED AND VERIFIED TO ENSURE GRANTEE ELIGIBILITY. COSTS ARE PAID DIRECTLY TO SERVICE PROVIDERS WHEN APPLICABLE. SCHEDULE I, PAGE 4, PART IV PART III, LINE 1: THE ORGANIZATION PROVIDES PASS-THROUGH GRANTS FUNDS TO QUALIFYING LOW- INCOME HOMEOWNERS FOR THEIR RESIDENCE REHABILITATION. PART III, LINE 2: CAROL HENSLEY MEMORIAL CHILDREN'S ASSITANCE FUND AND VETERANS HOUSING ASSISTANCE. FORM 990 - ORGANIZATION'S MISSION SERVING THE NEEDS OF LOW AND MODERATE INCOME PEOPLE THROUGH COMMUNITY ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING THE DEVELOPMENT AND MANAGEMENT OF AFFORDABLE RENTAL HOUSING, FIRST TIME HOME OWNERSHIP, AND COMMUNITY SELF- HELP ACTIVITIES WITHIN POLK COUNTY, OREGON, AND TO CARRY OUT SUCH ACTIVITIES AND BUSINESS AS MAY BE AUTHORIZED FOR A CORPORATION ORGANIZED UNDER THE OREGON NONPROFIT CORPORATION ACT AND AS A CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3). FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE DEPARTMENT AND THE EXECUTIVE DIRECTOR. A COPY IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C ANY ACTIONS BY THE BOARD OF DIRECTORS REQUIRE THE BOARD TO DISCLOSE CONFLICTS OF INTEREST. IF A CONFLICT THE BOARD MEMBER IS EXCLUDED FROM PARTICIPATING ANY VOTE REGARDING THAT ACTION. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE EXECUTIVE DIRECTOR IS ESTABLISHED AND PERIODICALLY REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B OFFICERS OTHER THAN THE EXECUTIVE DIRECTOR SERVE AS VOLUNTEERS WITHOUT COMPENSATION. OTHER EMPLOYEE COMPENSATION IS DETERMINED USING COMPARABLE DATA FROM OTHER SIMILAR ORGANIZATIONS AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AT THE ORGANIZATIONS OFFICES UPON REQUEST. 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