Oregon First Home Coalition

Nonprofit profile at a glance

EIN
815397791
IRS 990 coverage
2017–2017
Forms available
Form 990 2017
Location
Salem, OR, USA
Phone
5033623645
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$1,162,603
Expenses
$1,150,994
Assets
$11,609
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • GEORGE GRABENHORST (PRESIDENT)
  • STEVEN STRODE (PRESIDENT-ELECT)
  • DEBRA GISRIEL (PAST PRESIDENT)
  • JENNIFER PAKULA (INTERIM CEO)
  • JONATHAN WALLACE (FORMER CEO - TERM DEC 2017)

Highest reported compensation

  • JONATHAN WALLACE (FORMER CEO - TERM DEC 2017): $248,643 total reported compensation
  • JENNIFER PAKULA (INTERIM CEO): $159,695 total reported compensation
  • SHAWN CLEAVE (GOVERNMENT AFFAIRS DIRECTOR): $114,273 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support the passing of hb2996 and sb849 - bills that provide first time homebuyers the ability to save money for the down payment, while the money saved and interest earned does not count as Oregon income.

What it reported doing in 2017

First home coalition was organized and created in order to promote and support the passing of two bills for the house and senate. These bills, hb 2996 and sb 849, were written and proposed by the related organization, Oregon association of realtors, and provide first time homebuyers the opportunity to save for their first down payment in a special account. Money saved in one of these accounts would not count as Oregon state income. Neither bill was successful in the 2017 session, however, the concept was reintroduced in the 2018 session as hb 4007 and is expected to be signed by the governor on may 21st 2018.

Operating model

Revenue model
Donor-supported. 75% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the required major-donor schedule is missing or incomplete.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 53
  • Accountability: 86
  • Sustainability: 37
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99%; rating input score 99
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 0.01; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 94; 94th percentile among comparable filings
  • Officer compensation ratio: 3.7%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 99% of revenue deployed · 100% of spending went to programs
  • Governance: 21 of 21 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $249K · 24 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 14 of 14 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Moderate — Sustainability: Operating margin scored 40/100.