Community Resource Tr

Nonprofit profile at a glance

EIN
272773359
IRS 990 coverage
2015–2024
Forms available
Form 990 2024, Form 990-N 2012
Location
Salem, OR, USA
Phone
5035078248
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Food Banks, Pantries

Official website

Reported finances

Revenue
$105,012
Expenses
$369,838
Assets
$2,323,390
Liabilities
$587,720

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Beth Hays (Executive Director)

Highest reported compensation

  • Beth Hays (Executive Director): $149,385 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Primarily, this corporation is organized to achieve the objectives of reducing poverty through: pursing economic wellness; fostering low-income housing; providing structures in which charitable organizations are located; and promoting education in the State of Oregon.

What it reported doing in 2024

Community Resource Trust has collaborated with Oregon Housing and Community Services, Key Community Development Corporation, the City of Salem, and Mountain West Investment Corporation, to build 180 low-income housing units in the city of Salem, Oregon. The project is complete and fully-leased. Community Resource Trust (CRT) applied to Oregon Housing and Community Services (OHCS) for funding to build 183 units of low-income housing in collaboration with Neighborly Development. CRT obtained conditional funding reservation approval and are currently in the financial feasibility phase with OHCS - with an estimated financial closing date and ground-breaking in 2026.

Operating model

Revenue model
Other-operating. 77% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 50% for direct work, and 50% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 88
  • Accountability: 84
  • Sustainability: 28
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 85.5%; rating input score 86
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -252.2%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 6.28; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 40.4%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -0.3% per year; rating input score 0; 29th percentile among comparable filings
  • Revenue growth: -20.4% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -2.6% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 85.5% of spending went to programs
  • Governance: 7 of 7 board members independent · 5 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $316K in reported program spending
  • Leadership: top reported pay $149K · 8 people listed
  • Consistency: 39 of 40 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.