CORVALLIS NEIGHBORHOOD HOUSING SER… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

EMILY REIMAN

Phone

5417527220

Tax Period

2023-01-01 to 2023-12-31

CORVALLIS NEIGHBORHOOD HOUSING SERVICES INC, founded in 1991, is a mid-sized nonprofit in the Unknown sector that reported $19.9M in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.1M, a strong 25% operating margin.

Mission

DEVNW'S MISSION IS TO CREATE THRIVING, INCLUSIVE AND HEALTHY COMMUNITIES THROUGH AFFORDABLE HOUSING, FINANCIAL/ECONOMIC OPPORTUNITY, SMALL BUSINESS DEVELOPMENT AND POLICY CHANGE IN LANE, BENTON, LINN, POLK , LINCOLN, MARION, GRANT AND CLACKAMAS COUNTIES IN OREGON.

Program Service Accomplishments

Program 1

Expenses: $13,486,014 Revenue: $3,003,641

THE ORGANIZATION, THROUGH GOVERNMENT GRANTS, PUBLIC SUPPORT, AND RENTAL INCOME, SUPPORTS THRIVING, INCLUSIVE AND HEALTHY COMMUNITIES THROUGH RENOVATION AND CONSTRUCTION OF AFFORDABLE HOUSING...

THE ORGANIZATION, THROUGH GOVERNMENT GRANTS, PUBLIC SUPPORT, AND RENTAL INCOME, SUPPORTS THRIVING, INCLUSIVE AND HEALTHY COMMUNITIES THROUGH RENOVATION AND CONSTRUCTION OF AFFORDABLE HOUSING, FINANCIAL/ECONOMIC PROGRAMS, AND POLICY CHANGE FOR FAMILIES AND INDIVIDUALS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,956,127

Program Service Revenue $3,003,641

Investment Income $-41,702

Other Revenue $-49,475

TOTAL REVENUE $19,868,591

Expense Breakdown

Grants Paid $6,086,033

Salaries & Benefits $5,398,436

Fundraising Expenses $7,226

Program Expenses $13,486,014

Other Expenses $3,327,540

TOTAL EXPENSES $14,812,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,868,591	$11,211,648	+0.8%
Expenses	$14,812,009	$9,630,623	+0.5%
Net Income	$5,056,582	$1,581,025	+2.2%

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

Governance

Voting Members

Independent Members

Employees

111

Volunteers

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

$293,671

Total Directors

Key Employees

$161,528

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY REIMAN	CEO	32.00	Officer	$146,599	$15,925	$162,524
ERIN DEY	DIRECTOR OF	40.00	Key Emp	$155,034	$6,494	$161,528
TIFFANY THOMPSON	CHIEF CULTUR	40.00	Highest	$117,027	$16,890	$133,917
CORINNE CARMODY-RILEY	CFO	32.00	Officer	$116,393	$14,754	$131,147
CYNTHIA CAMPOBASSO-LEDOUX	CHAIR	1.00	Officer Director	$0	$0	$0
CHRYSTAL SHEARER	SECRETARY	1.00	Officer Director	$0	$0	$0
JIN PLUMMER	DIRECTOR	1.00	Director	$0	$0	$0
DUANE WALROD	DIRECTOR	1.00	Director	$0	$0	$0
DANIELA ALEXANDRU-ABRAMS	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT KONG	DIRECTOR	1.00	Director	$0	$0	$0
STACI LARSON	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$19,868,591	$14,812,009	$65,427,971	$5,056,582
2022	$11,211,648	$9,630,623	$56,468,888	$1,581,025
2021	$8,851,894	$6,724,871	$52,153,912	$2,127,023
2020	$11,146,986	$5,810,192	$47,784,375	$5,336,794
2019	$6,488,228	$5,785,447	$36,363,276	$702,781
2018	$4,507,958	$3,329,213	$26,667,196	$1,178,745

CORVALLIS NEIGHBORHOOD HOUSING SERVICES INC