POLK CDC

EIN: 931012211 501(c)(3) Community Improvement

DALLAS, OR

Total Revenue
$10,820,788
Total Expenses
$4,677,496
Total Assets
$32,672,994
Net Assets
$22,070,489
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
OR
Principal Officer
RITA A GRADY
Phone
5038313173
Tax Period
2024-07-01 to 2025-06-30

POLK CDC, founded in 1989, is a mid-sized nonprofit in the Community Improvement sector that reported $10.8M in total revenue in fiscal year 2024. Revenue surged 157% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.1M, a strong 57% operating margin.

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).

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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 $8,564,736
Program Service Revenue $2,182,888
Investment Income $73,164
Other Revenue $0
TOTAL REVENUE $10,820,788

Expense Breakdown

Grants Paid $399,282
Salaries & Benefits $1,268,053
Fundraising Expenses $162,430
Program Expenses $3,457,035
Other Expenses $3,010,161
TOTAL EXPENSES $4,677,496

Year-over-Year Comparison

2024 2023 Change
Revenue $10,820,788 $4,205,167 +1.6%
Expenses $4,677,496 $4,139,028 +0.1%
Net Income $6,143,292 $66,139 +91.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
21
Volunteers
9

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
5
$130,436
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RITA A GRADY EXECUTIVE DI 40.00
Officer
$129,914 $522 $130,436
AMY HOUGHTALING PRESIDENT 1.00
Officer Director
$0 $0 $0
LANE SHETTERLY VICE PRESIDE 1.00
Officer Director
$0 $0 $0
LINDA JENNINGS TREASURER 1.00
Officer Director
$0 $0 $0
STEPHANIE TORRES SECRETARY 1.00
Officer Director
$0 $0 $0
ZELLEE ALLEN DIRECTOR 0.50
Director
$0 $0 $0
ALEA LITTLETON DIRECTOR 0.50
Director
$0 $0 $0
JEREMY GORDON DIRECTOR 0.50
Director
$0 $0 $0
KATE COOPER RICHARDSON DIRECTOR 0.50
Director
$0 $0 $0
JAVIER CASTANEDA DIRECTOR 0.50
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 $10,820,788 $4,677,496 $32,672,994 $6,143,292
2024 $4,205,167 $4,139,028 $25,890,649 $66,139
2023 $3,545,955 $3,752,860 $24,286,714 $-206,905
2022 $5,307,917 $3,010,742 $22,075,845 $2,297,175
2021 $4,062,648 $2,688,766 $18,691,480 $1,373,882
2020 $1,898,970 $2,296,049 $17,612,899 $-397,079
2019 $2,599,833 $1,874,029 $17,162,727 $725,804
2018 $1,991,863 $1,652,184 $15,724,238 $339,679
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