Corvallis Neighborhood Housing Services Inc
Nonprofit profile at a glance
- EIN
- 931057296
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Springfield, OR, USA
- Phone
- 5413457106
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Standard
Reported finances
- Revenue
- $26,491,940
- Expenses
- $12,128,746
- Assets
- $75,662,350
- Liabilities
- $14,612,260
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- EMILY REIMAN (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- EMILY REIMAN (CHIEF EXECUTIVE OFFICER): $159,281 total reported compensation
- CORINNE CARMODY-RILEY (CHIEF FINANCIAL OFFICER): $145,961 total reported compensation
- JOSHUA SHAFER (DIR. OF CONSTRUCTION MGMT, NBC): $143,341 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To grow vibrant northwest communities by empowering the region's individuals, families, small businesses, and neighborhoods by opening doors to financial opportunity.
What it reported doing in 2024
The organization, through government grants, public support, and rental income, supports thriving, inclusive and healthy communities through renovation, development, construction, and operation of affordable housing, resident services and eviction prevention for residents of low income housing, financial/economic programs (including financial literacy classes and coaching, matched savings programs, and first time homebuyer programs), and policy change to support greater opportunity for low/moderate families and individuals.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 68% for direct work, and 32% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 84
- Accountability: 100
- Sustainability: 81
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 37.8%; rating input score 38
- Program expense ratio: 78.8%; rating input score 79
- Fundraising efficiency: $15,222.84 raised per $1 spent on fundraising; rating input score 100; 100th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.1%; rating input score 99; 32nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 54.2%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 6.24; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 60; 60th percentile among comparable filings
- Officer compensation ratio: 7.8%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 17.3% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 17.2% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 11% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 37.8% of revenue deployed · 78.8% of spending went to programs
- Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $9.6M in reported program spending
- Leadership: top reported pay $159K · 15 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $328K reported
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 24 filed money-flow records
- Related organizations: 31 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.