LAURELHURST NEIGHBORHOOD ASSOCIATION

EIN: 930962250 501(c)(3) Community Improvement

PORTLAND, OR

Total Revenue
$179,103
Total Expenses
$227,567
Total Assets
$2,065,018
Net Assets
$2,054,171
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
OR
Principal Officer
KAYLEEN KUSTERER
Phone
5037891498
Tax Period
2024-01-01 to 2024-12-31

LAURELHURST NEIGHBORHOOD ASSOCIATION, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $179K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $228K exceeded revenue, resulting in a 27% operating deficit.

Mission

SEE STATEMENT OTHIS CITY OF PORTLAND RECOGNIZED NEIGHBORHOOD ORGANIZATION WAS FORMED TO REPRESENT THE INTEREST OF ITS RESIDENTS AND TO FOSTER IMPROVEMENTS WITHIN ITS BOUNDARIES TO MAKE THE NEIGHBORHOOD MORE LIVABLE SAFER AND DIVERSE; TO PRESERVE ITS OPEN SPACES AND MAINTAIN ITS CULTURAL VALUES AND PLACES. IN 2020 THE ORGANIZATION ASSUMED OWNERSHIP OF THE LAURELHURST CLUB A HISTORIC BUILDING WHICH NOW SERVES AS A COMMUNITY CENTER AND IS PARTIALLY RENTED FOR PUBLIC AND PRIVATE EVENTS.

Program Service Accomplishments

Program 1
Expenses: $205,647 Revenue: $216,458

THE LAURELHURST NEIGHBORHOOD ASSOCIATION (LNA) PRESERVES, MAINTAINS, AND OPERATES THE LAURELHURST CLUB, A 110 YEAR-OLD COMMUNITY BUILDING USING THE FACILITY FOR COMMUNITY PUBLIC AND PRIVATE EVENTS...

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THE LAURELHURST NEIGHBORHOOD ASSOCIATION (LNA) PRESERVES, MAINTAINS, AND OPERATES THE LAURELHURST CLUB, A 110 YEAR-OLD COMMUNITY BUILDING USING THE FACILITY FOR COMMUNITY PUBLIC AND PRIVATE EVENTS. IT ENHANCES THE HISTORIC DISTRICT DESIGNATION OF THE LAURELHURST NEIGHBORHOOD BY OFFERING CENTURY PLAQUES FOR HOMES THAT ARE 100 YEARS OR OLDER. IT ALSO COORDINATES VOLUNTEER-MANAGED COMMUNITY EVENTS AND USES NET PROCEEDS AND DONATIONS TO PAY FOR MAINTENANCE AND REPAIR OF PUBLIC ASSETS IN THE LAURELHURST NEIGHBORHOOD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,937
Program Service Revenue $217,321
Investment Income $-43,266
Other Revenue $111
TOTAL REVENUE $179,103

Expense Breakdown

Grants Paid $500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $205,647
Other Expenses $227,067
TOTAL EXPENSES $227,567

Year-over-Year Comparison

2024 2023 Change
Revenue $179,103 $206,586 -0.1%
Expenses $227,567 $180,741 +0.3%
Net Income $-48,464 $25,845 -2.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
11

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAYLEEN KUSTERER PRESIDENT 4.00
Officer Director
$0 $0 $0
CHRIS BREWSTER SECRETARY 2.00
Officer Director
$0 $0 $0
BENJAMIN EGAN TREASURER 4.00
Officer Director
$0 $0 $0
ABIGAIL SMOCK BOARD MEMBER 2.00
Director
$0 $0 $0
STEVEN REBISCHKE BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN DEODATO BOARD MEMBER 2.00
Director
$0 $0 $0
RU BUDHI BOARD MEMBER 2.00
Director
$0 $0 $0
DEBRA RONSVALLE BOARD MEMBER 2.00
Director
$0 $0 $0
LISA KOSTOVA BOARD MEMBER 4.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $179,103 $227,567 $2,065,018 $-48,464
2023 $206,586 $180,741 $2,103,057 $25,845
2022 $198,962 $183,633 $2,106,933 $15,329
2022 $136,181 $132,140 $2,121,256 $4,041
2021 $2,059,272 $89,427 $2,100,217 $1,969,845
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