Overview
What is Northwest Coastal Housing?
Northwest Coastal Housing, also known as Community Development Corp of LC, is a nonprofit organization situated in Lincoln County, Oregon. Established in 1991, their primary mission is to provide affordable, safe, and decent housing with integrity to individuals and families struggling financially or living with disabilities in the area. They achieve this by preserving, constructing, and rehabilitating housing units, ensuring rental and home ownership opportunities for those unable to afford market rates. The organization's initiatives span various sectors, including low-income families, individuals recovering from mental illness and substance addictions, veterans, and the developmentally disabled. They manage and develop safe shelters and offer resident services, such as health and nutrition workshops, community gardens, and financial literacy classes. One of their notable projects, Yaquina Breeze Apartments, provides supportive housing for individuals with mental health issues and addictions. Northwest Coastal Housing also supports seniors and low-income families through properties like Golden Eagle II in Tillamook, Oregon, which they acquired in 2021. In Lincoln City, Coastal Phoenix Rising offers housing to displaced homeowners and those in need of shelter, acquired in 2021 and used as a temporary shelter. The organization's commitment to community development and affordable housing options has been instrumental in enhancing living conditions for many in Lincoln County, Oregon.
Official website here: www.nwcoastalhousing.org
What are the reviews and ratings of this charity?
Charity Navigator rates Northwest Coastal Housing with a 96%, awarding it a Four-Star out of Four Star rating. This high score is derived entirely from its Accountability & Finance metrics, indicating a strong commitment to transparency and responsible financial management. The score reflects the organization’s effectiveness in utilizing its resources to fulfill its mission.
The organization's strengths lie in its governance structure, with 100% of its board members being independent, and an effective audit and oversight committee. Additionally, it maintains a low liabilities-to-assets ratio, showcasing its financial stability. The high program expense ratio of 89.20% indicates that a significant portion of resources is directly allocated to program services, reinforcing its dedication to making a tangible impact.
While the data presented reflects a strong financial standing and governance policies, it's essential to recognize that the evaluation is based solely on financial metrics. User feedback or qualitative assessments of the organization’s programs and services are not included in this rating, which could provide a more comprehensive understanding of its overall effectiveness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Northwest Coastal Housing legitimate?
Northwest Coastal Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest Coastal Housing submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $77,787
Professional Fundraising Fees: $0
Other Salaries and Wages: $441,390
For more financial information, click here
Official website here: www.nwcoastalhousing.org
What is the mission statement of Northwest Coastal Housing?
Northwest Coastal Housing (NWCH) was established with a mission to provide affordable, safe, decent, and stable housing to individuals who cannot afford market-rate housing. This non-profit organization operates with compassion and integrity. NWCH develops and maintains affordable housing units while advocating for and supporting community initiatives that expand affordable housing options for low-income and/or disabled individuals and families. The organization's goal is to enhance living conditions by promoting and supporting sustainable housing solutions.
Official website here: www.nwcoastalhousing.org
Who is the CEO of Northwest Coastal Housing?
Sheila Stiley is the President of Northwest Coastal Housing.
Official website here: www.nwcoastalhousing.org
What is the revenue of Northwest Coastal Housing?
Northwest Coastal Housing's revenue in 2022 was $2,834,771.
Official website here: www.nwcoastalhousing.org
Who are the executives of Northwest Coastal Housing and what are their salaries?
The average compensation at Northwest Coastal Housing during 2022 was $21,632. There are 24 employees and 17 volunteers at Northwest Coastal Housing.
Here are 8 key members and their salaries:
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- Compensation: $77,787
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Official website here: www.nwcoastalhousing.org
Where can I find the form 990 for Northwest Coastal Housing?
Northwest Coastal Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwcoastalhousing.org
Learn more at the official website: www.nwcoastalhousing.org
Mission Statement of Northwest Coastal Housing
Northwest Coastal Housing, established in 1991, is committed to providing affordable, safe, decent, and stable housing for individuals and families who struggle to afford market-rate housing. This nonprofit organization operates with compassion and integrity, aiming to address the housing needs of its community members. Northwest Coastal Housing not only develops and maintains affordable housing units but also advocates for and supports community initiatives that enhance affordable housing options. The organization's mission is to empower its community by providing them with a reliable and comfortable living environment, contributing to their overall well-being.
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Impact
July, 2024
Northwest Coastal Housing's impact is significant in providing affordable, safe, and stable housing options for low-income and disabled individuals and families in Lincoln County, Oregon. They preserve, construct, and rehabilitate housing units to offer rental and homeownership opportunities to those who cannot afford market-rate housing. Additionally, Northwest Coastal Housing advocates for, develops, and manages shelter for various vulnerable groups such as low-income families, individuals recovering from mental illness and addiction, veterans, and developmentally disabled individuals.
Specific projects like the Yaquina Breeze Apartments in Newport, Oregon, which provides supportive housing for individuals with mental health issues and addiction, and the Coastal Phoenix Rising in Lincoln City, Oregon, which offers shelter to homeowners displaced by unforeseen events like wildfires, showcase the organization's dedication to supporting those in need. Through resident services, including health and nutrition workshops, community gardens, social activities, and financial education, Northwest Coastal Housing not only provides housing but also fosters a sense of community and empowerment among its residents.
This information is meant to be a general summary of Northwest Coastal Housing. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$54,344
- Program Service Revenue: $1,396,622
- Gross Receipts: $4,689,229
Assets and Liabilities:
- Total Assets: $10,195,031
- Total Liabilities: $4,449,506
- Net Assets: $5,745,525
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,258,107
DEVELOPER FEES
Revenue
$95,734
OTHER TENANT INCOME
Revenue
$23,428
PROPERTY MGT/CONTRACTS
Revenue
$10,000
RESIDENT SERVICES COORDINATOR
Revenue
$9,353
Organization Details
Founding Year
1991
Phone
(541) 574-0320Principal Officer
Sheila Stiley
Main Address
PO BOX 1457, NEWPORT, OR, 973650011
Website
www.nwcoastalhousing.orgNTEE Category
Code: L80Z - Housing
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